Compare Oanda vs Trade Nation


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

Oanda vs Trade Nation
overall rating
4.6
4.4
overall pros
  • Great trading platforms
  • Outstanding research tools
  • Fast and user-friendly account opening
  • Free deposit and withdrawal
  • Excellent research and education tools
  • Good customer support
overall cons
  • Only FX and CFD available
  • No stock exchange listing and banking background
  • Customer support is not 24/7
  • Slim product portfolio
  • No live chat
  • Desktop platform lacks safer login
fees
4.1
  • Low forex fees
  • First credit/debit card withdrawal per month is free
  • Average CFD fees
3.5
  • No inactivity fee
  • Low stock and index CFD fees
  • High forex fees
  • Average trading fees
account opening
4.4
  • Fully digital
  • No minimum deposit
5.0
  • Fast
  • Fully digital
  • No minimum deposit
deposit and withdrawal
4.2
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • High withdrawal fee for bank transfers and PayPal
4.5
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Few minor account base currency available
web trading platform
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • No price alerts
4.5
  • User-friendly
  • Good search function
  • Guaranteed Stops
  • No two-step (safer) login
mobile trading platform
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No Touch/Face ID login
4.3
  • User-friendly
  • Good search function
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
desktop trading platform
4.5
  • User-friendly
  • Clear fee report
  • Good customizability (for charts, workspace)
  • No price alerts
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
  • Search function could be improved
markets and products
1.6
  • Forex
  • CFD
1.5
  • Forex
  • CFD
  • Spread betting
research
4.5
  • Good interactive chart
  • Data on asset fundamentals
  • Quality news flow
  • Great API
  • No trading ideas
  • Research tools are poorly organized
4.3
  • Good interactive chart
  • Quality news flow
  • No fundamental data available
customer service
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
4.0
  • Phone support
  • Fast response time
  • Email
  • No live chat
  • No 24/7 support
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Materials are not well-organized
5.0
  • Trading platform tutorial
  • Educational videos
  • Webinars
  • 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
  • Negative balance protection
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Forex traders who value a user-friendly platform and great research tools Spread, forex and CFD traders looking for a great trading platform and quality customer service
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