eToro vs OANDA, Who's Better?
67% of retail investor accounts lose money when trading CFDs with this provider. US customers only have access to cryptocurrencies
Losses can exceed deposits
eToro vs OANDA Guide
Read our In-Depth eToro vs OANDA Review - Updated for 2022
This eToro vs OANDA review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this eToro vs OANDA review does not apply to all countries as follows:
eToro Excluded Countries
Iran, Democratic Peoples Republic of Korea, Belgium, Canada, Japan, Syrian Arab Republic, Turkey, Israel, Belarus, Albania, Republic of Moldova, North Macedonia, Serbia, Guinea, Democratic Republic of the Congo, Sudan, Zimbabwe, Ethiopia, Ghana, Tanzania, Libya, Uganda, Zambia, Botswana, Rwanda, Tunisia, Somalia, Namibia, Togo, Sierra Leone, Liberia, Gambia, Djibouti, Ivory Coast, Pakistan, Brunei Darussalam, Taiwan, Province of China, Samoa, Nepal, Singapore, US Virgin Islands, Turkmenistan, Tajikistan, Uzbekistan, Sri Lanka, Trinidad and Tobago, Haiti, Myanmar, Bhutan, Marshall Islands, Maldives, Kazakhstan, Grenada, Fiji, Barbados, Bermuda, Bahamas, Antigua and Barbuda, Anguilla, Aruba, Lebanon, El Salvador, United States of America, Paraguay, Honduras, Guatemala, Puerto Rico, Nicaragua, British Virgin Islands, and Netherlands Antilles.
OANDA Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare eToro vs OANDA
Every online trading platform has some ups and downs, and no eToro and OANDA review would be complete without showing both sides. Compare eToro and OANDA to understand how they line up against each other before you create an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for a broker and are choosing between eToro or OANDA. Who is better in 2022?
Our eToro vs OANDA comparison contains the most recent information so you can easily compare OANDA against eToro.
If you're a new entrant in the realm of trading and brokers, so many details will be perplexing for you. Getting into the area of trading requires expert analyzing skills and comprehensive understanding. You will acquire proficient at all of the concepts of broker since you continue trading. For starters, you need to choose the ideal broker who'll be transparent with you constantly.
In this fast-paced world of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment plan has the potential to generate hefty returns. eToro and OANDA are just two such companies that will take you and your investment into great heights. It's important that you compare eToro vs OANDA before you trust them with your cash.
Our eToro vs OANDA comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust eToro and OANDA side by side.
Our full eToro vs OANDA Review covers everything you need to know about trading using either eToro or OANDA. A fantastic agent can multiply your first investments and provide you favorable profits. If you would like to make profits, you should trade with a brokerage service that aligns with your investing goals.
There is no sure-fire way to ensure profits; thus, you must carefully assess your broker before you select them. It's a frequent misconception that all agents are the same, but that's not correct. Wrong judgment, initially, can put your investments at risk.
eToro and OANDA are both brokers which have forged their way successfully into the broker world. Within this review, we have tried to collate some of the vital aspects of both eToro and OANDA. This review can allow you to know whether either OANDA or eToro is a fantastic match for your own investments or not. We've attempted to breakdown all of the qualities and fees for your advantage.
Benefits of eToro and OANDA Compared
eToro offers a minimum deposit of $50 while OANDA has a $1 minimum deposit.
Why smaller minimum deposits are good and how eToro 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.
eToro allows you to trade around 100 financial instruments while OANDA allows you to trade around 100 financial instruments available.
The more instruments you can trade on the eToro 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 never want to miss out on a trading opportunity due to the limitations of eToro or OANDA.
eToro and OANDA Contact Details
Being able to contact an online trading platform simply is vital. eToro and OANDA have the following contact details and social medias that you can use.
|Address||24th floor, One Canada Square, Canary Wharf, London, E14 5AB|
|eToro Twitter Account||OANDA Twitter Account|
|eToro Facebook Page||OANDA Facebook Page|
|eToro Instagram Account||OANDA Instagram Account|
|eToro LinkedIn Page||OANDA LinkedIn Page|
|YouTube||eToro YouTube Channel||OANDA YouTube Channel|
|Find Out More||
OANDA and eToro 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 eToro 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.
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?
eToro vs OANDA - Awards
eToro have won a lot of industry awards over the time they have been running as an online broker. We list the most recognised awards for eToro here.
|At the time of writing this OANDA review, and despite OANDA’s impressive offering, the company has surprisingly not garnered any awards to date.|
|Find Out More||
eToro vs OANDA - Frequently Asked Questions
eToro vs OANDA - Headquarters And Year Of Founding
eToro was founded in 2007 and has its head office in Cyprus, UK.
OANDA was founded in 1996 and has its headquaters in United States, Canada.
What is the minimum deposit for OANDA or eToro
The minimum deposit for eToro is $50.
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 eToro and OANDA are a good option.
eToro vs OANDA - Regulation And Licencing In More Detail
eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
OANDA is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC).
Both eToro and OANDA have a powerful collection of rules for ensuring honest trading on their individual platforms. For data encryption functions, they provide industry-standard secure socket layers (SSL).
In accordance with their privacy policies, client data is never to be shared with any other institutions or individuals. Including credit history and other financial information.
Compare eToro vs OANDA Commission And Fees
eToro and OANDA are online broker platforms, and many online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the businesses of online brokerages are scaled much better. That is, an online broker is not necessarily affected by the number of customers they have.
But this doesn't mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to earn money. There are primarily 3 types of fees for this purpose.
The first kind of fees to keep an eye out for are trading fees. When you make a genuine trade, like buying a stock or an ETF, you are billed trading charges. In these cases, you're paying a spread, funding rate, or even a commission. The kinds of trading charges and the prices differ from broker to broker.
Commissions can be fixed or determined by the traded volume. On the flip side, a spread denotes the difference between the buying and selling cost. Financing or overnight rates are those who are billed when you maintain a leveraged position for more than daily.
Aside from trading fees, online brokers also bill non-trading fees. These are dependent on the actions you undertake in your account. They are charged for surgeries like depositing money, not investing for lengthy periods, or withdrawals.
In general, neither eToro or OANDA charge high fees in comparison to other online agents. For operations other agents charge for, they do not charge a broker fee, or they charge a smaller amount. This can be beneficial for people who often trade, such as daily or weekly trading.
However, non-trading fees billed by eToro and OANDA are comparatively lower. Consequently, you are billed more for non-trading actions in your trading account, such as deposits and withdrawal. These are not about the sale and purchase of assets.
This eToro vs OANDA review for 2022 breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees For eToro And OANDA
What Languages Do eToro And OANDA Support?
Being able to chat completely with your trading broker is a key element when comparing online brokers to find the best broker. Not only for support but to ensure you completely understand everything on their site and inside their app as it is a key part of success when trading forex.
Here you will find all the languages that both eToro and OANDA support.
How Many Clients Do eToro and OANDA Have?
Both eToro and OANDA are well known and trusted. It is really important to work with an online broker that is reputable and one of the easiest ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many users eToro and OANDA are active on their platform
|Clients / Users||20,000,000+||10,000+|
|Find Out More||
What Payment Methods Do eToro and OANDA Accept?
eToro 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 eToro and OANDA
What Can You Trade With eToro and OANDA?
eToro offers 100 trading instruments whilst OANDA offers 100.
Below you will find a full breakdown of what both eToro and OANDA offer.
Compare eToro To All Other Brokers
Compare OANDA To All Other Brokers
eToro vs OANDA:
Table Of Contents
- Compare eToro vs OANDA
- Benefits of eToro and OANDA Compared
- OANDA and eToro Mobile App Comparison
- eToro vs OANDA - Awards
- eToro vs OANDA - Frequently Asked Questions
- What is the minimum deposit for OANDA or eToro
- eToro vs OANDA - Regulation And Licencing In More Detail
- Compare Broker Fees For eToro And OANDA
- What Languages Do eToro And OANDA Support?
- How Many Clients Do eToro and OANDA Have?
- What Payment Methods Do eToro and OANDA Accept?
- What Can You Trade With eToro and OANDA?