Compare Firstrade vs Oanda

Online brokers compared for fees, trading platforms, safety and more. See how Firstrade stacks up against Oanda!

Firstrade vs Oanda
open account	Find out more	Find out more 73.5% of retail CFD accounts lose money
overall rating	4.5	4.6
overall pros	Free stock, ETF, fund, and options trading Solid research tools Quality educational tools	Generally low fees Easy-to-use web trading platform Easy and digital account opening
overall cons	No credit/debit cards and electronic wallets for money transfer You can trade only on US markets No live chat and 24/7 availability	Only FX and some CFDs Poor customer service High bank withdrawal fee
fees	4.5 Low trading fees Low non-trading fees Free stock, ETF, fund and options trading High margin rates	4.5 Low trading fees Low forex fees No withdrawal fee No withdrawal fee in most cases High withdrawal fee for bank transfers
account opening	4.4 Fully digital No minimum deposit Low minimum deposit Slow account verification	4.4 Fully digital No minimum deposit Low minimum deposit Issues with ID verification can slow account opening
deposit and withdrawal	1.8 No deposit fee User-friendly Credit/Debit card not available High outgoing wire transfer fee	4.2 Credit/Debit card available No deposit fee Withdrawal is free for PayPal and for the first debit card transaction each month High withdrawal fee for bank transfers
web trading platform	4.3 User-friendly Clear fee report Good search function No two-step (safer) login	4.5 User-friendly Clear fee report Two-step (safer) login No price alerts
mobile trading platform	3.3 User-friendly Good search function Good variety of order types No two-step (safer) login No price alerts Mutual funds and bonds are not covered	5.0 User-friendly Two-step (safer) login Good search function No Touch/Face ID login
desktop trading platform		3.8 Clear fee report Good customizability (for charts, workspace) Good variety of order types No price alerts
markets and products	2.8 Stock ETF Fund Bond Options	1.5 Forex CFD
research	4.8 Good interactive chart Trading ideas Data on asset fundamentals	4.8 Good interactive chart Quality news flow User-friendly Great API Research tools are poorly organized
customer service	2.9 Phone support Relevant answers No live chat No 24/7 support	3.4 Phone support Live chat No 24/7 support Speed could be improved
education	3.5 Trading platform tutorial Educational videos No demo account	4.0 Demo account Trading platform tutorial Educational videos Materials are not well-organized
safety	Majority of clients belong to a top-tier financial authority High level of investor protection No negative balance protection Does not hold a banking license Not listed on stock exchange	Majority of clients belong to a top-tier financial authority Negative balance protection Financial information is publicly available Does not hold a banking license Not listed on stock exchange
recommended for	Beginners and investors looking for zero-commission trading, focusing on the US market	Forex traders who value a user-friendly platform and great research tools

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