Freetrade
Oanda
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Long-term investors on the hunt for low fees and focusing on the UK and US markets
Best ISA broker
Recommended for Forex traders who value a user-friendly platform and great research tools
UK
USA
Fees
Low trading and non-trading fees, low stock and ETF fees
Low CFD and forex trading fees, average non-trading fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
1
9
Deposit type
Withdrawal type
Account opening
$0
$0
1 day
1-3 days
Proof of identity: passport / driver's license Proof of residency: bank statement / utility bill
Proof of identity: ID / passport Proof of residency: bank statement / utility bill
Trading platform
Markets and products
Disclaimer: 78.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Research, education
Poor
Great
Customer service
Security
£85,000
£85,000 in the UK, €20,000 in the EU, CAD 1,000,000 in Canada, none in the US, Australia, Asia and other countries
2016
1996
UK
US, UK, Australia, Singapore, Canada, Malta, Japan, British Virgin Islands
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
Freetrade's service is on par with Oanda's and a comparison of their fees shows that Freetrade's fees are slightly lower than Oanda's.
Account opening takes somewhat less effort at Freetrade compared to Oanda, deposit and withdrawal processes are about the same quality at Freetrade, while customer service quality is similar to Oanda's.
Our experts rated the trading platform of Freetrade as less user-friendly than the platform of Oanda, found that clients have access to more markets and products with Freetrade, while Oanda provides excellent research and education.