OANDA Alternatives: Pros, Cons, And How It Compares for 2026
This alternatives to OANDA guide has been updated for 2026 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, features to their users. If you feel that OANDA is not quite right for you then it would be worth getting a demo account with a few of the top OANDA alternatives and ensuring that they are a better fit for you before moving any money around.
The most detailed review of OANDA alternatives on the web
There's a lot of reasons OANDA may not be a good fit for your trading needs. For whatever reason you are hunting for the best OANDA alternative or OANDA competitor with better services, comparebrokers.org try to give you as much helpful information so you can make an informed decision. Below you will find the top OANDA alternatives.
For each of the below alternative to OANDA, we break down the key differences to OANDA and for each platform feature show you the best competitors. For each OANDA alternative online trading platform shown we also have detailed trading platform reviews and guides that you can easily click to view elsewhere on comparebrokers.org, all based on hundreds of datapoints collected and reviewed by experts. If you are unimpressed with OANDA, let us show you some great alternative brokersbrokers|online trading platforms|brokerages.
Trading with a professional and dependable trading platform is crucial to your trading success. All of the OANDA alternative brokers we list in this OANDA alternatives guide have good reputations and can fit what you are looking for.
Alternatives With Lower Minimum Deposit
OANDA has a minimum desposit of $1, you can check how the minimum deposit requirements of OANDA compare with the minimum deposits of OANDA competitors. Trading platforms often have 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 individual trading needs.
| Broker | Minimum Deposit | Find Out More |
|---|---|---|
|
OANDA |
$1 | |
| freetrade |
$0 | |
| Uphold |
$1 | |
| ThinkMarkets |
$0 | |
| FreshForex |
$1 |
Alternatives Offering Virtual Portfolio Accounts
OANDA offers virtual portfolio accounts so you can test your trading strategies before risking any real capital. Inexperienced traders can open a virtual portfolio account in order to better understand the areas 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 have demo accounts.
| Broker | Offers Demo Account? | Find Out More |
|---|---|---|
|
OANDA |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
Yes |
|
Alternatives Offering Negative Balance Protection
OANDA does not offer negative balance protection. If your balance is negative, OANDA indicates you promptly contact customer services. Then you can fix any imbalances in your 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 unfortunately, doesn't offer guaranteed stop loss. OANDA gives an opportunity for its traders to close their trade at their specified price. Aside from that, OANDA does not provide guaranteed stop loss.
Below we list some of the best OANDA alternatives that has guaranteed stop loss available for their clients.
| Broker | Offers Guaranteed Stop Loss? | Find Out More |
|---|---|---|
|
OANDA |
No | |
| easyMarkets |
Yes | |
| Uphold |
Yes | |
| instaforex |
Yes | |
| FreshForex |
Yes |
Alternatives Offering Scalping
OANDA do allow scalping. Several traders across the world choose OANDA due to their scalping services. They offer trading on MT4, OANDA Desktop, OANDA Web, OANDA Mobile which allow this.
Below we detail some of the top alternatives to OANDA that allow scalping functionality to their customers.
| Broker | Offers Scalping? | Find Out More |
|---|---|---|
|
OANDA |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Hedging
OANDA do allow hedging. Several traders across the world select OANDA due to 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 offer hedging services to their customer base.
| Broker | Offers Hedging? | Find Out More |
|---|---|---|
|
OANDA |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Social Trading
Unfortunately, OANDA does not offer social trading.
Below we detail some of the best OANDA alternatives that offer 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
Unfortunately, OANDA does not offer copy trading.
Below we detail some of the best OANDA alternatives that offer 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