Compare Oanda vs Rakuten Securities


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

Oanda vs Rakuten Securities
overall rating
4.6
3.6
overall pros
  • Generally low fees
  • Easy-to-use web trading platform
  • Easy and digital account opening
  • Low fees
  • Easy and fast account opening
  • Good mobile trading platform
overall cons
  • Only FX and some CFDs
  • Poor customer service
  • High bank withdrawal fee
  • Limited product portfolio
  • Missing web trading platform
  • Poor customer service
fees
4.5
  • Low trading fees
  • Low forex fees
  • No withdrawal fee
  • No withdrawal fee in most cases
  • High withdrawal fee for bank transfers
4.0
  • Low trading fees
  • Low forex fees
  • No inactivity fee
  • High withdrawal fee for international bank transfers and electronic wallets
account opening
4.4
  • Fully digital
  • No minimum deposit
  • Low minimum deposit
  • Issues with ID verification can slow account opening
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
deposit and withdrawal
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
3.1
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • High withdrawal fee
  • Slow withdrawal - over 3 days
web trading platform
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • No price alerts
mobile trading platform
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No Touch/Face ID login
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • Available in several languages
  • No two-step (safer) login
  • No Touch/Face ID login
  • No order confirmation
desktop trading platform
3.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No price alerts
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
1.5
  • Forex
  • CFD
1.2
  • Forex
  • CFD
research
4.8
  • Good interactive chart
  • Quality news flow
  • User-friendly
  • Great API
  • Research tools are poorly organized
1.5
  • Trading ideas
  • No fundamental data available
  • No/poor quality news flow
customer service
3.4
  • Phone support
  • Live chat
  • No 24/7 support
  • Speed could be improved
0.5
  • No 24/7 support
  • Slow support
  • Irrelevant answers
education
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Materials are not well-organized
1.5
  • Demo account
  • No trading platform tutorial videos
  • No educational videos
  • 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
  • Majority of clients belong to a top-tier financial authority
  • Banking background
  • Parent company is listed on stock exchange
  • No investor protection
  • No negative balance protection
recommended for Forex traders who value a user-friendly platform and great research tools Forex traders looking for low fees and for those who prefer the MetaTrader 4 trading platform
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