Online brokers compared for fees, trading platforms, safety and more. See how Oanda stacks up against Rakuten Securities!
Last update of data—Sep 2022
Oanda is a US forex broker. It is regulated by top-tier authorities like the UK FCA and Australia's ASIC.
Rakuten Securities is a forex and CFD broker regulated by Australia's ASIC. Its parent company Rakuten is listed on the Tokyo Stock Exchange.
Recommended for forex traders who value a user-friendly platform and great research tools.
Recommended for forex traders looking for low fees and those who prefer the MetaTrader 4 trading platform.
Oanda
Oanda is a US forex broker. It is regulated by top-tier authorities like the UK FCA and Australia's ASIC.
Recommended for forex traders who value a user-friendly platform and great research tools.
Rakuten Securities
Rakuten Securities is a forex and CFD broker regulated by Australia's ASIC. Its parent company Rakuten is listed on the Tokyo Stock Exchange.
Recommended for forex traders looking for low fees and those who prefer the MetaTrader 4 trading platform.
Oanda's service is on par with Rakuten Securities's and a comparison of their fees shows that Oanda's fees are slightly higher than Rakuten Securities's.
Account opening takes somewhat more effort at Oanda compared to Rakuten Securities, deposit and withdrawal processes are somewhat easier at Oanda, while customer service quality is somewhat better than Rakuten Securities's.
Our experts rated the trading platform of Oanda as better than the platform of Rakuten Securities, found that clients have access to slightly more markets and products with Oanda, while Rakuten Securities provides much less useful research and education.
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.
Brokers displayed might not be available in United States.