Zerodha vs OANDA, for 2024
Zerodha Rating
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OANDA Rating
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Your capital is at risk |
Losses can exceed deposits |
Zerodha vs OANDA Guide |
Read our In-Depth Zerodha vs OANDA Review - for 2024
Our review comparing Zerodha and OANDA has been refreshed to reflect any changes for 2024 from industry experts with significant financial experience in Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of Zerodha vs OANDA does not apply to all countries as follows:
Zerodha Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
OANDA Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare Zerodha vs OANDA
All trading platforms feature a few pros and cons, and any comprehensive analysis of Zerodha vs OANDA cannnot be complete without having a fair assessment.
Assess Zerodha and OANDA in order to understand the way they stack up with one another prior to you make an account. Conducting a comprehensive comparison can bring aspects in perspective to ensure that you remain aware of what you should anticipate.
So you are looking for a broker and are choosing between Zerodha or OANDA. Who should you choose?
This Zerodha vs OANDA comparison contains the most recent information so you can easily compare OANDA against Zerodha.
If you're a new entrant in the realm of trading and brokers, so many nuances will be confusing for you. Getting into the area of trading requires expert analyzing skills and thorough understanding. You'll acquire proficient at all the concepts of brokerage since you keep trading. For starters, you have to choose the ideal broker who will be transparent with you always.
In this fast-paced universe of stock markets and trading, you'll need advice to make proper decisions. A professionally direct investment plan has the potential to create hefty returns. Zerodha and OANDA are two such stages that will take you along with your investment into great heights. It is crucial that you compare Zerodha vs OANDA before you trust them with your cash.
Our Zerodha vs OANDA comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Zerodha and OANDA side by side.
Our full Zerodha vs OANDA Review covers all you will need to know about trading with either Zerodha or OANDA. A fantastic broker can multiply your first investments and give you positive profits. If you would like to earn profits, you must trade with a broker service that contrasts with your investment objectives.
There's absolutely no sure-fire method to ensure profits; thus, you must carefully assess your agent before you select them. It is a common misconception that all brokers will be exactly the same, but that's not correct. Wrong judgment, in the beginning, can put your investments in danger.
Zerodha and OANDA are both brokers which have paved their way successfully to the brokerage world. In this review, we've tried to collate a number of the vital aspects of both Zerodha and OANDA. This review will help you to understand whether either OANDA or Zerodha is a good fit for your investments or not. We have attempted to breakdown all the features and fees for your advantage.
Benefits of Zerodha and OANDA Compared
Zerodha offers a minimum deposit of $0 while OANDA offers a $1 minimum deposit.
Why smaller minimum deposits are good and how Zerodha and OANDA 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.
Zerodha allows you to trade around 5000 financial instruments while OANDA has around 5000 financial instruments on their platform.
The more instruments you can trade on the Zerodha and OANDA trading 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 should never want to miss out on a trading opportunity due to the limitations of Zerodha or OANDA.
Zerodha and OANDA Contact Details
Being able to contact an online trading platform simply is important. Zerodha and OANDA have the following contact details and social medias that you can use.
Broker | Zerodha | OANDA |
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Zerodha Twitter Account | OANDA Twitter Account | |
Zerodha Facebook Page | OANDA Facebook Page | |
Zerodha Instagram Account | OANDA Instagram Account | |
Zerodha LinkedIn Page | OANDA LinkedIn Page | |
YouTube | Zerodha YouTube Channel | OANDA YouTube Channel |
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OANDA and Zerodha Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
In this part of our comparison of Zerodha and OANDA we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of the 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 only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
Zerodha vs OANDA - Awards
Zerodha vs OANDA - Frequently Asked Questions
Zerodha vs OANDA - Headquarters And Year Of Founding
Zerodha was founded in 2010 and has its head office in India.
OANDA was founded in 1996 and has its headquaters in United States, Canada.
What is the minimum deposit for OANDA or Zerodha
The minimum deposit for Zerodha is $0.
The minimum deposit for OANDA is $1.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both Zerodha and OANDA are a good option.
Zerodha vs OANDA - Regulation And Licencing In More Detail
Zerodha is regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange.
OANDA is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC).
Both Zerodha and OANDA have a powerful collection of rules for ensuring honest trading on their platforms. For information encryption purposes, they provide industry-standard secure socket layers (SSL).
As per their individual privacy policies, customer information is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare Zerodha vs OANDA Commission And Fees
Zerodha and OANDA are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the businesses of online trading platforms are scaled much better. In other words, an online broker isn't necessarily affected by the amount of customers they have.
However, this doesn't mean that online brokers do not charge any fees. They charge prices of varying rates for various services to earn money. There are mainly three different types of fees for this purpose.
The first sort of charges to look out for are trading fees. Whenever you make an actual trade, like buying a stock or an ETF, you're billed trading charges. In these instances, you are paying a spread, financing rate, or even a commission. The kinds of trading fees and the rates vary from broker to broker.
Commissions could be fixed or determined by the traded volume. On the other hand, a spread denotes the difference between the buying and selling cost. Funding or overnight prices are people who are charged when you maintain a leveraged position for longer than daily.
Apart from trading fees, online brokers also charge non-trading fees. These are dependent on the activities you undertake in your account. They're billed for surgeries like depositing money, not investing for long periods, or withdrawals.
In general, neither Zerodha or OANDA charge high fees compared to other online agents. For operations other agents charge for, they do not charge a broker fee, or they charge a lesser amount. This is beneficial for those who often exchange, such as weekly or daily trading.
However, non-trading fees billed by Zerodha and OANDA are comparatively greater. Consequently, you are charged more for non-trading activities in your trading account, such as withdrawal and deposits. These aren't about the sale and purchase of assets.
This Zerodha vs OANDA review for 2024 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For Zerodha And OANDA
Broker | Zerodha | OANDA |
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Minimum Deposit | $0 | $1 |
Withdrawal Fees | No | No |
Inactivity Fees | No | No |
Deposit Fees | Yes | No |
CFD Fees | Yes | No |
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What Languages Do Zerodha And OANDA Support?
Being able to chat completely with your trading platform is a key part of comparing trading platforms to find your perfect broker. Not only for support but to be sure you completely understand everything on their site and inside their application as it is a key part of success when trading forex.
Below you can find all the languages that both Zerodha and OANDA support.
How Many Clients Do Zerodha and OANDA Have?
Both Zerodha and OANDA are well known and trusted. It is really important to work with a broker you can trust and one of the most simple ways of understanding this is by knowing how many clients they already work with.
Below you will find details of how many customers Zerodha and OANDA have
Broker | Zerodha | OANDA |
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Clients / Users | 1,500,000+ | 10,000+ |
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What Payment Methods Do Zerodha and OANDA Accept?
Zerodha and OANDA 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 Zerodha and OANDA
Broker | Zerodha | OANDA |
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Bank Transfers | Yes | Yes |
Credit Cards | No | Yes |
PayPal | No | No |
Skrill | No | No |
Payoneer | No | Yes |
Neteller | No | No |
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What Can You Trade With Zerodha and OANDA?
Zerodha offers 5000 trading instruments whilst OANDA offers 100.
Below you will find a full breakdown of what both Zerodha and OANDA offer.
Zerodha Review
Zerodha vs OANDA:
Table Of Contents
- Compare Zerodha vs OANDA
- Benefits of Zerodha and OANDA Compared
- OANDA and Zerodha Mobile App Comparison
- Zerodha vs OANDA - Awards
- Zerodha vs OANDA - Frequently Asked Questions
- What is the minimum deposit for OANDA or Zerodha
- Zerodha vs OANDA - Regulation And Licencing In More Detail
- Compare Broker Fees For Zerodha And OANDA
- What Languages Do Zerodha And OANDA Support?
- How Many Clients Do Zerodha and OANDA Have?
- What Payment Methods Do Zerodha and OANDA Accept?
- What Can You Trade With Zerodha and OANDA?