OANDA Alternatives: Pros & Cons for 2025
This alternatives to OANDA guide has been updated for 2025 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about the alternatives to OANDA to make sure you have as much information as possible to make an informed decision.
There are a lot of good alternatives to OANDA like Startrader, freetrade, and easyMarkets. They all provide the same, if not more, benefits to their customers. If you feel that OANDA is not quite right for you then it would be worth getting a demo account with a range of the top OANDA alternatives and ensuring that they are a better fit for you before moving any money around.
The most in depth guide to OANDA alternatives on the web
There's a lot of reasons OANDA may not be a good fit for your trading needs. Whatever reason you are looking for the top OANDA alternative or OANDA competitor with better services, we will always try to give you as much useful information so you can find what it is you need. Below you will find the most popular OANDA alternatives.
For each of our alternative to OANDA, we break down the key differences to OANDA and for each section show you the best competitors. For every OANDA alternative online trading platform shown we also have detailed trading platform reviews and guides that you can easily click to read elsewhere on comparebrokers.org, all based on hundreds of datapoints collected and reviewed by experts. If you are unimpressed with OANDA, find some great alternative brokeragesbrokers|online trading platforms|brokerages.
Having a reputable and dependable trading platform is crucial to having a successful trading career. All of the OANDA alternative platforms shown in this OANDA alternatives guide have good reputations and match what you are looking for.
Alternatives With Lower Minimum Deposit
OANDA has a minimum desposit of $1, you should see how the minimum deposit requirements of OANDA compare with the minimum deposits of OANDA competitors. Brokers offer lower minimum deposits to get traders to join with them, but having higher a minimum deposit isn’t necessarily a bad thing, it all comes down to your personal trading needs.
| Broker | Minimum Deposit | Find Out More |
|---|---|---|
|
OANDA |
$1 | |
| freetrade |
$0 | |
| Uphold |
$1 | |
| ThinkMarkets |
$0 | |
| FreshForex |
$1 |
Alternatives Offering Demo Accounts
OANDA offers demo accounts so you can learn their systems before risking any real money. Newbie traders can open a virtual portfolio account in order to become better acquainted with the aspects of Forex trading and test out some of the company’s features before getting a live account.
Below we list some of the best alternatives to OANDA that has virtual portfolio accounts.
| Broker | Offers Demo Account? | Find Out More |
|---|---|---|
|
OANDA |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
Yes |
|
Alternatives Offering Negative Balance Protection
OANDA doesn't provide negative balance protection. If your balance is unfavorable, OANDA indicates that you contact client services. Then you are able to fix any imbalances in your own account.
Below we list some of the best alternatives to OANDA that have negative balance protection.
| Broker | Offers Negative Balance Protection? | Find Out More |
|---|---|---|
|
OANDA |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| Uphold |
Yes |
Alternatives Offering Guaranteed Stop Loss
OANDA regrettably, does not provide guaranteed stop loss. OANDA provides an opportunity for its dealers to close their trade at their specified price. Aside from this, OANDA doesn't provide guaranteed stop loss.
Below we list some of the top OANDA alternatives that has guaranteed stop loss available for their customers.
| Broker | Offers Guaranteed Stop Loss? | Find Out More |
|---|---|---|
|
OANDA |
No | |
| easyMarkets |
Yes | |
| Uphold |
Yes | |
| instaforex |
Yes | |
| FreshForex |
Yes |
Alternatives Offering Scalping
OANDA do permit scalping. Several traders across the world choose OANDA for their scalping services. They offer trading on MT4, OANDA Desktop, OANDA Web, OANDA Mobile which allow this.
Below we list some of the top alternatives to OANDA that allow scalping functionality to their clients.
| Broker | Offers Scalping? | Find Out More |
|---|---|---|
|
OANDA |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Hedging
OANDA do allow hedging. Many traders throughout the world select OANDA for their large range of services. They offer trading on MT4, OANDA Desktop, OANDA Web, OANDA Mobile.
Below we list some of the best alternatives to OANDA that allow hedging services to their user base.
| Broker | Offers Hedging? | Find Out More |
|---|---|---|
|
OANDA |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Social Trading
Regretably, OANDA does not offer social trading.
Below we detail some of the best OANDA alternatives that allow social trading capabilities.
| Broker | Offers Social Trading? | Find Out More |
|---|---|---|
|
OANDA |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Copy Trading
Regretably, OANDA does not offer copy trading.
Below we list some of the top alternatives to OANDA that has copy trading to their users
| Broker | Offers Copy Trading? | Find Out More |
|---|---|---|
|
OANDA |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Compare OANDA To All Other Brokers