Compare Oanda vs Tradestation


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

Oanda vs Tradestation
overall rating
4.6
4.7
overall pros
  • Generally low fees
  • Easy-to-use web trading platform
  • Easy and digital account opening
  • Great web and mobile trading platform
  • Low stock and ETF fees
  • High-quality educational tools
overall cons
  • Only FX and some CFDs
  • Poor customer service
  • High bank withdrawal fee
  • Not user-friendly deposit and withdrawal
  • No forex trading
  • 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
4.3
  • Low trading fees
  • Low stock and ETF fees
  • Multiple fee structures to choose from
  • High non-trading fees
  • Withdrawal fee
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
  • User-friendly
  • $500 minimum deposit
  • Multiple base currencies only for futures accounts
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
1.8
  • No deposit fee
  • Several account base currencies
  • Quick deposit and withdrawal - within 3 days
  • Credit/Debit card not available
  • High withdrawal fee
web trading platform
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • No price alerts
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
4.8
  • User-friendly
  • Two-step (safer) login
  • Good variety of order types
  • Limited search functions
desktop trading platform
3.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No price alerts
2.5
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • Poor search function
  • Poor design
markets and products
1.5
  • Forex
  • CFD
2.7
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Futures
  • Crypto
research
4.8
  • Good interactive chart
  • Quality news flow
  • User-friendly
  • Great API
  • Research tools are poorly organized
4.0
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Many add-on research tools are not free
customer service
3.4
  • Phone support
  • Live chat
  • No 24/7 support
  • Speed could be improved
2.5
  • Phone support
  • Fast response time
  • No 24/7 support
  • Live chat doesn't work
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
  • Parent company listed on stock exchange
  • No negative balance protection
  • Does not hold a banking license
recommended for Forex traders who value a user-friendly platform and great research tools Traders focusing on US markets and buy-and-hold investing
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