OANDA Alternatives: Pros & Cons 2024 Update
This alternatives to OANDA guide has been updated for 2024 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 customers. If you feel that OANDA is not quite right for you then it would be worth getting a demo account with a lot of the best OANDA alternatives and ensuring that they are a better fit for you before moving any money around.
The most detailed guide to OANDA alternatives on the internet
There are many reasons OANDA may not be a good fit for your trading needs. Whatever reason you are looking for a better OANDA alternative or OANDA competitor with better services, comparebrokers.org will always try to give you as much useful information so you can make an informed decision. Below you can find the best OANDA alternatives.
For each of our alternative to OANDA, we also highlight the key differences to OANDA and for each section show you the best alternatives. For every OANDA alternative online trading platform shown we also have detailed broker 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 not happy with OANDA, find some great alternative brokeragesbrokers|online trading platforms|brokerages.
Trading with a reputable and dependable broker is crucial to your trading success. All of the OANDA alternative brokers shown in this OANDA alternatives guide have good reputations and fit 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 test them out, 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 demo accounts so you can test your trading strategies before risking any real capital. Newbie traders can open a demo account in order to become better acquainted with 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 offer 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 doesn't provide negative balance protection. If your balance is negative, OANDA indicates you promptly contact customer services. Then you are able to fix any imbalances within your own account.
Below we show some of the best alternatives to OANDA that has 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 provide guaranteed stop loss. OANDA provides a chance for its traders to close their trade in their specified price. Apart from that, OANDA does not provide guaranteed stop loss.
Below we list some of the top OANDA alternatives that have guaranteed stop loss available for their users.
| 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. Many traders throughout the world select OANDA for their scalping services. They offer trading on MT4, OANDA Desktop, OANDA Web, OANDA Mobile which let this.
Below we show some of the best 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 permit hedging. Many traders throughout the world select OANDA due to their hedging services. They offer trading on MT4, OANDA Desktop, OANDA Web, OANDA Mobile.
Below we show some of the top 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 show 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
Unfortunately, OANDA does not offer copy trading.
Below we detail some of the best 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