Compare Oanda vs tastyworks

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

Oanda vs tastyworks
open account	Visit broker 77% of retail CFD accounts lose money	Visit broker
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
safety	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

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