Compare Oanda vs TD Ameritrade


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

Oanda vs TD Ameritrade
overall rating
4.6
4.8
overall pros
  • Generally low fees
  • Easy-to-use web trading platform
  • Easy and digital account opening
  • Low trading fees (free stock and ETF trading)
  • Superb desktop trading platform
  • Great customer support
overall cons
  • Only FX and some CFDs
  • Poor customer service
  • High bank withdrawal fee
  • You can trade only in the US markets
  • Slow and not fully digital account opening
  • No credit/debit cards and electronic wallets for money transfer
fees
4.5
  • Low trading fees
  • Low forex fees
  • No withdrawal fee
  • No withdrawal fee in most cases
  • High withdrawal fee for bank transfers
4.3
  • Low trading fees
  • Low non-trading fees
  • Free stocks and ETFs
  • High fund fees
account opening
4.4
  • Fully digital
  • No minimum deposit
  • Low minimum deposit
  • Issues with ID verification can slow account opening
2.9
  • No minimum deposit
  • Many account types
  • Not fully digital
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
2.2
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • High withdrawal fee for wire transfers
web trading platform
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • No price alerts
3.8
  • User-friendly
  • Clear fee report
  • Good variety of order types
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No Touch/Face ID login
4.4
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
desktop trading platform
3.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No price alerts
4.8
  • User-friendly
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Trading support functions
  • Great learning materials
  • No two-step (safer) login
markets and products
1.5
  • Forex
  • CFD
3.8
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
research
4.8
  • Good interactive chart
  • Quality news flow
  • User-friendly
  • Great API
  • Research tools are poorly organized
4.8
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
customer service
3.4
  • Phone support
  • Live chat
  • No 24/7 support
  • Speed could be improved
5.0
  • Phone support
  • Live chat
  • Fast response time
education
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Materials are not well-organized
5.0
  • Demo account
  • Trading platform tutorial
  • 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
  • High level of investor protection
  • Banking background
  • No negative balance protection
recommended for Forex traders who value a user-friendly platform and great research tools Investors and traders looking for solid research and a well-equipped desktop trading platform
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