OANDA vs Etrade, 2024 Update
OANDA Rating
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Etrade Rating
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Losses can exceed deposits |
Your capital is at risk |
OANDA vs Etrade Guide |
Read our In-Depth OANDA vs Etrade Review - for 2024
This comprehensive analysis of OANDA and Etrade has been refreshed to reflect any changes for 2024 by seasoned professionals boasting significant financial experience in Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of OANDA vs Etrade does not apply to all countries as follows:
OANDA Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Etrade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare OANDA vs Etrade
Every online trading platforms feature certain advantages and disadvantages, and a complete analysis of OANDA vs Etrade would not be complete without having a fair assessment.
Assess Etrade and OANDA to understand just how they compare with one another before you decide to create an account. Performing a comparative analysis will bring aspects into perspective in order that you're aware of the expectations.
So you are looking for an online trading platform and are choosing between OANDA or Etrade. Which one is best in 2024?
This OANDA vs Etrade comparison contains the most recent information so you can easily compare Etrade against OANDA.
If you are a new entrant in the realm of trading and brokerages, so many nuances will be confusing for you. Getting into the area of trading requires expert analyzing skills and comprehensive understanding. You will acquire adept at all the concepts of brokerage as you keep trading. For starters, you have to select the ideal broker who'll be clear with you always.
Within this fast-paced universe of stock markets and trading, you'll need advice to make proper decisions. A professionally direct investment program has the potential to create hefty returns. OANDA and Etrade are two such platforms that will take you and your investment to great heights. It's important that you compare OANDA vs Etrade until you trust them with your cash.
Our OANDA vs Etrade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust OANDA and Etrade side by side.
Our entire OANDA vs Etrade Review covers all you will need to know about trading with either OANDA or Etrade. A fantastic broker can multiply your first investments and provide you positive profits. If you want to earn profits, you should trade with a broker service that contrasts with your investing goals.
There is no sure-fire way to ensure profits; therefore, you should carefully analyze your broker before you choose them. It's a frequent misconception that all agents will be the same, but that is not true. Wrong judgment, initially, can put your investments in danger.
OANDA and Etrade are both brokers that have paved their way successfully to the broker world. In this review, we've tried to collate a number of the important aspects of both OANDA and Etrade. This review can allow you to know whether either Etrade or OANDA is a good fit for your investments or not. We have tried to breakdown all the qualities and charges for your convenience.
Benefits of OANDA and Etrade Compared
OANDA offers a minimum deposit of $1 while Etrade has a $100 minimum deposit.
Why smaller minimum deposits are good and how OANDA and Etrade compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
OANDA has around 100 financial instruments while Etrade has around 100 financial instruments on their platform.
The more instruments you can trade on the OANDA and Etrade platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of OANDA or Etrade.
OANDA and Etrade Contact Details
Being able to contact an online trading platform through many ways is important. OANDA and Etrade have the following contact details and social medias that you can use.
Broker | OANDA | Etrade |
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Telephone Number | ||
Address | ||
OANDA Twitter Account | Etrade Twitter Account | |
OANDA Facebook Page | Etrade Facebook Page | |
OANDA Instagram Account | Etrade Instagram Account | |
OANDA LinkedIn Page | Etrade LinkedIn Page | |
YouTube | OANDA YouTube Channel | Etrade YouTube Channel |
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Etrade and OANDA Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
This part of comparing OANDA and Etrade will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of both apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
Although most brokers do OK in this area, there are some bad apples out there. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
OANDA vs Etrade - Awards
OANDA vs Etrade - Frequently Asked Questions
OANDA vs Etrade - Headquarters And Year Of Founding
OANDA was founded in 1996 and has its headquaters in United States, Canada.
Etrade was founded in 2012 and has its headquaters in United States.
What is the minimum deposit for Etrade or OANDA
The minimum deposit for OANDA is $1.
The minimum deposit for Etrade is $100.
Depending on your current situation, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both OANDA and Etrade are a good option.
OANDA vs Etrade - Regulation And Licencing In More Detail
OANDA is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC).
Etrade is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).
Both OANDA and Etrade have a strong set of rules for ensuring honest trading onto their individual platforms. For data encryption purposes, they provide industry-standard secure socket layers (SSL).
As per their privacy regulations, customer data is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare OANDA vs Etrade Commission And Fees
OANDA and Etrade are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the companies of online trading platforms are scaled better. In other words, an internet broker isn't necessarily affected by the amount of clients they have.
But this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to make money. There are mainly 3 different types of penalties for this objective.
The first kind of charges to keep an eye out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you're billed trading fees. In these cases, you are paying a spread, funding rate, or a commission. The kinds of trading charges and the prices vary from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the other hand, a spread denotes the difference between the buying and selling cost. Funding or overnight prices are people that are billed when you maintain a leveraged position for more than daily.
Apart from trading charges, online brokers also charge non-trading fees. These are determined by the actions you undertake in your accounts. They are charged for surgeries like depositing cash, not investing for long periods, or withdrawals.
Generally, neither OANDA or Etrade charge high fees in comparison to other online brokers. For operations other brokers charge for, they do not charge a brokerage fee, or they charge a smaller sum. This can be beneficial for those who often trade, for example daily or weekly trading.
But, non-trading fees billed by OANDA and Etrade are relatively greater. As a result, you're billed more for non-trading activities on your trading account, such as withdrawal and deposits. These aren't about the purchase and sale of resources.
This OANDA vs Etrade review for 2024 breaks down every one of the relevant non-trading fees for you in detail.
Compare Broker Fees For OANDA And Etrade
Broker | OANDA | Etrade |
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Minimum Deposit | $1 | $100 |
Withdrawal Fees | No | No |
Inactivity Fees | No | No |
Deposit Fees | No | No |
CFD Fees | No | No |
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What Languages Do OANDA And Etrade Support?
Being able to chat easily with your trading platform is a key element when comparing online brokers to find your perfect broker. Not only for support but to be sure you completely understand everything on their website and inside their app as it is a key part of success when trading forex.
Here you can find all the languages that both OANDA and Etrade offer communication in.
Broker | OANDA | Etrade |
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Languages Supported | English, and Chinese | English, and Chinese |
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How Many Clients Do OANDA and Etrade Have?
Both OANDA and Etrade are well established with their client base. It is important to work with a broker that is reputable and one of the most simple ways of understanding this is by knowing how many customers they already work with.
Below you will find details of how many customers OANDA and Etrade have
Broker | OANDA | Etrade |
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Clients / Users | 10,000+ | 10,000+ |
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What Payment Methods Do OANDA and Etrade Accept?
OANDA and Etrade both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at OANDA and Etrade
Broker | OANDA | Etrade |
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Bank Transfers | Yes | Yes |
Credit Cards | Yes | Yes |
PayPal | No | No |
Skrill | No | No |
Payoneer | Yes | Yes |
Neteller | No | No |
Find Out More |
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What Can You Trade With OANDA and Etrade?
OANDA offers 100 trading instruments and Etrade offers 87.
Below you will find a full breakdown of what both OANDA and Etrade offer.
OANDA Review
OANDA vs Etrade:
Table Of Contents
- Compare OANDA vs Etrade
- Benefits of OANDA and Etrade Compared
- Etrade and OANDA Mobile App Comparison
- OANDA vs Etrade - Awards
- OANDA vs Etrade - Frequently Asked Questions
- What is the minimum deposit for Etrade or OANDA
- OANDA vs Etrade - Regulation And Licencing In More Detail
- Compare Broker Fees For OANDA And Etrade
- What Languages Do OANDA And Etrade Support?
- How Many Clients Do OANDA and Etrade Have?
- What Payment Methods Do OANDA and Etrade Accept?
- What Can You Trade With OANDA and Etrade?