Compare Oanda vs Zacks Trade


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

Oanda vs Zacks Trade
overall rating
4.6
4.4
overall pros
  • Great trading platforms
  • Outstanding research tools
  • Fast and user-friendly account opening
  • Low fees
  • Extensive stock and ETF selection
  • Great customer service
overall cons
  • Only FX and CFD available
  • No stock exchange listing and banking background
  • Customer support is not 24/7
  • Complex desktop platform and research tools
  • Slow and complicated account opening
  • Limited educational tools
fees
4.1
  • Low forex fees
  • First credit/debit card withdrawal per month is free
  • Average CFD fees
4.2
  • Low stock and ETF fees / Free stock trading
  • No withdrawal fee
  • No inactivity fee
  • High fund fees
account opening
4.4
  • Fully digital
  • No minimum deposit
2.8
  • Fully digital
  • No minimum deposit
  • Slow
  • Not user-friendly
deposit and withdrawal
4.2
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • High withdrawal fee for bank transfers and PayPal
3.5
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
  • Credit/Debit card not available
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
mobile trading platform
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No Touch/Face ID login
3.8
  • Two-step (safer) login
  • Good search function
  • Good variety of order types
  • User interface is a bit complex
desktop trading platform
4.5
  • User-friendly
  • Clear fee report
  • Good customizability (for charts, workspace)
  • No price alerts
3.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • Poor search function
  • Too complex for beginners
markets and products
1.6
  • Forex
  • CFD
3.8
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
4.5
  • Good interactive chart
  • Data on asset fundamentals
  • Quality news flow
  • Great API
  • No trading ideas
  • Research tools are poorly organized
3.5
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Not user-friendly
customer service
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
4.3
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Materials are not well-organized
2.5
  • Demo account
  • Trading platform tutorial
  • No educational videos
  • No 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
  • High level of investor protection
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Forex traders who value a user-friendly platform and great research tools Traders and investors looking for comprehensive research tools, a wide product selection and low fees
×