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Compare Oanda vs tastyworks


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

Oanda vs tastyworks
overall rating
4.2 / 5.0
4.5 / 5.0
overall pros
  • Easy-to-use web trading platform
  • Easy and digital account opening
  • Powerful research tools
  • Low options trading fees
  • Great education materials
  • Very good customer service
overall cons
  • Only FX, and some CFDs
  • Poor customer service
  • Pricey withdrawal
  • Only US options, futures, and stocks
  • Can be intimidating for beginners
  • Trading platforms have some bugs
fees
3 stars
  • Low trading fees
  • Withdrawal fee
  • High financing rate
  • Financing rate calculation is non-transparent
4 stars
  • Low trading fees
  • No inactivity fee
  • Transparent fee structure
  • Withdrawal fee
  • High financing rate
account opening
4 stars
  • Fast account opening
  • Fully digital account opening
  • No minimum account balance
  • Sales team pushy
  • It can take up to 3 business days
4 stars
  • Fully digital account opening
  • No minimum account balance
  • User-friendly
  • Can take 3 business days
deposit and withdrawal
4 stars
  • Several account base currencies
  • User-friendly
  • First withdrawal is free for credit/debit cards and electronic wallets
  • High withdrawal fee
  • Slow funding and withdrawal - over 3 days
2 stars
  • No deposit fee
  • User-friendly
  • Credit/Debit card deposit and withdrawal not available
  • High withdrawal fee
  • Only one account base currency
web trading platform
5 stars
  • User-friendly
  • Good search function
  • Good customizability (for charts, workspace)
  • No price alerts
4 stars
  • Clear fee report
  • Good search function
  • Great options trading panel with embedded strategies
  • Limited customizability (for charts, workspace)
  • Can be intimidating for beginners
mobile trading platform
4 stars
  • Two-step (safe) login
  • Price alerts
  • Does not look nice
4 stars
  • Two-step (safe) login
  • Good search function
  • Good variety of order types
  • No price alerts
desktop trading platform
3 stars
  • User-friendly
  • Good customizability (for charts, workspace)
  • Two-step (safe) login
  • Not user-friendly
  • Poor search function
4 stars
  • Clear fee report
  • Price alerts
  • Looks nice
  • Limited customizability (for charts, workspace)
  • No two-step (safe) login
markets and products
1 stars
  • Forex
  • CFD
1 stars
  • Stock
  • ETF
  • Options
  • Futures
research
4 stars
  • Good interactive chart
  • Good set of analytical tools
  • Great API offer
  • No analyst recommendations for stocks, bonds, etc.
  • No fundamental data available
  • Research tool are not at one place
4 stars
  • User-friendly
  • Very enjoyable and relevant videos
  • Great overviews for option trading
  • Options focused
  • Limited fundamental data
  • Limited chart analysis tools
customer service
3 stars
  • Live chat
  • Available from Sunday to Friday
  • Slow support
  • Irrelevant answers
5 stars
  • Live chat
  • Fast response time
  • Relevant answers
  • Only in English
  • Only 24/5
education
4 stars
  • Demo account
  • Trading platform tutorial videos
  • Educational videos
  • Videos can be better organized
5 stars
  • Educational videos
  • Easy to understand
  • Good production quality
  • No demo account
  • Regulated by top tier financial authority
  • High level of investor protection
  • Negative balance protection
  • Not listed on stock exchange
  • Financial information is not publicly available
  • Regulated by top tier financial authority
  • High level of investor protection
  • Started by well-known industry experts
  • No negative balance protection
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Forex traders that prefer a user-friendly platform and great research tools Price sensitive equity and option traders focusing on the US