Oanda vs Trading.com Comparison
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Comparison Table of Oanda and Trading.com
| Broker | Oanda | Trading.com |
|---|---|---|
| Rating | 4.3/5 | 4.1/5 |
| Foundation Year | 2001 | 2017 |
| Regulated in Countries | United States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, Poland | United Kingdom, United States |
| Minimum Deposit |
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| Spread | from 0.5 points | from 0.6 points |
| Max Leverage | 1:200 | 1:30 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | Oanda Review | Trading.com Review |
Oanda is suitable for beginners and experienced traders, thanks to quality analytics and various educational materials.
Broker Trading.com suits traders looking for low commissions and a convenient platform. Beginner traders may lack analytics and educational materials.
Oanda Review
Oanda is an excellent choice for traders seeking a reliable and regulated broker with competitive spreads and various trading assets.
With quality analytics and diverse educational materials, Oanda suits beginners and experienced traders.
Pros and Cons of Oanda
Pros
- Tight spreads.
- Diverse markets and products.
- Advanced trading platforms.
- Quality analytics.
- Extensive learning section.
Cons
- Limited trading account types.
- Inactivity fee.
- High swaps.
Oanda is in the top 10 of the following ratings:
Trading.com Review
Trading.com is an attractive choice for traders due to its low commission policy, which makes trading more affordable. Using the MetaTrader 5 platform satisfies traders' needs for modern trading tools and functionality. Additionally, the broker supports various deposit and withdrawal methods without additional commissions, which is convenient for clients from different countries.
Trading.com is suitable for experienced traders who do not depend on the broker's training materials and analytics and who are looking for low-cost trading in a wide range of traditional financial instruments.
Pros and Cons of Trading.com
Pros
- Low trading fees.
- Multiple deposit and withdrawal methods.
- Quality technical support.
Cons
- Limited educational materials.
- Sparse analytics.
Reliability
| Broker | Oanda | Trading.com |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 2001 | 2017 |
| Regulated in Countries | United States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, Poland | United Kingdom, United States |
| Regulators | NFA NFA CFTC CFTC ASIC ASIC CIRO CIRO FCA FCA JFSA JFSA BVIFSC BVIFSC MAS MAS KNF KNF | FCA FCA NFA NFA CFTC CFTC |
Oanda
Oanda demonstrates a high level of reliability, evidenced by licenses from the world's leading regulators.
Trading.com
Broker Trading.com is reliable, as it is regulated by strict authorities in the UK and the US, ensuring the security of client funds.
Account Opening
| Broker | Oanda | Trading.com |
|---|---|---|
| Account Opening | 4.5/5 | 5/5 |
| Minimum Deposit |
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Oanda
Oanda offers a straightforward and structured registration process, ensuring convenience for clients.
Pros
- Clearly structured registration process.
- No minimum deposit, offering flexibility for traders.
Cons
- Additional documents may be required in some cases.
- Document verification can take from 1 to 2 working days.
Trading.com
Account opening at Trading.com is fast and convenient.
Account Types
| Broker | Oanda | Trading.com |
|---|---|---|
| Account Types | 3/5 | 3/5 |
| Trading Accounts |
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| Minimum Deposit |
|
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| Spread | from 0.5 points | from 0.6 points |
| Max Leverage | 1:200 | 1:30 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
Oanda
Oanda provides various trading accounts, but some specialized types are missing.
Pros
- Standard accounts are available.
- Demo accounts are offered.
- Swap Free accounts are available for traders following Islamic principles.
Cons
- Cent accounts are missing.
- No fixed spread accounts.
- No investment accounts are available.
Trading.com
Trading.com offers several accounts that satisfy most traders.
Pros
- Variety of account types.
- Minimum deposit of $5.
- Protection against negative balance.
Cons
- Lack of ECN accounts.
- No fixed spread accounts.
- No accounts for passive investing.
Commissions
| Broker | Oanda | Trading.com |
|---|---|---|
| Commissions | 3.5/5 | 4.5/5 |
| Spread | from 0.5 points | from 0.6 points |
| Average Spread (EURUSD) | 0.8 | 0.7 |
| Commission per Lot |
Oanda
Oanda's fees are moderate, making this broker competitive.
Pros
- No fees for deposits and withdrawals.
- Low spreads on major currency pairs.
Cons
- Inactivity fee is charged.
- Swaps may be high for some currency pairs.
Trading.com
Trading.com offers low commissions.
Pros
- No commission on trades.
- Tight spreads.
- No swap fees for major currency pairs.
Cons
- Inactivity fee.
Deposit and Withdrawal
| Broker | Oanda | Trading.com |
|---|---|---|
| Rating | 4/5 | 4.5/5 |
| Account Funding Methods |
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Oanda
Oanda offers flexible conditions for depositing and withdrawing funds, but payment system commissions and currency conversion costs may apply.
Pros
- The broker does not charge a fee for deposits and withdrawals.
- A wide selection of payment systems is available.
- No restrictions on the amounts of deposits and withdrawals.
Cons
- High commission fees for certain methods by payment systems.
- Withdrawal request processing time may be long.
- Cryptocurrencies are not available as a payment method.
Trading.com
Trading.com offers convenient and cost-effective deposit and withdrawal methods.
Pros
- No fees for deposit and withdrawal.
- Fast processing of withdrawal requests.
- Multiple available methods.
Cons
- Lack of cryptocurrencies as a payment method.
Markets and Products
| Broker | Oanda | Trading.com |
|---|---|---|
| Markets and Products | 4.4/5 | 4/5 |
| Forex | 48 | 55 |
| Precious Metals | 3 | 2 |
| Energy Carriers | 3 | 5 |
| Soft Commodities | 4 | 8 |
| Indices | 18 | 14 |
| Stocks | 1607 | 1261 |
| Cryptocurrency | 18 | - |
Oanda
Oanda offers an extensive set of markets and products, making it a versatile choice for traders of different levels.
Pros
- A wide range of currency pairs.
- A large selection of stocks and indices.
- Access to cryptocurrency trading.
Cons
- Maximum leverage is only up to 1:200.
Trading.com
Trading.com offers a diverse range of markets and products.
Pros
- Wide selection of stocks and currency pairs.
- Access to various global markets.
Cons
- Lack of cryptocurrencies.
- Low leverage (max. 1:30).
Trading Platforms
| Broker | Oanda | Trading.com |
|---|---|---|
| Rating | 5/5 | 3.5/5 |
| Trading Platforms |
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Oanda
Oanda provides high-quality trading platforms with deep functionality and integration with TradingView.
Pros
- Access to classic platforms MT4 and MT5.
- The fxTrade mobile app with integration with MT5.
- Integration with TradingView.
Cons
- No MetaTrader alternatives for desktop devices.
Trading.com
Trading.com utilizes the reliable MT5 platform.
Pros
- Integration with robots and advisors.
- One-click trading, without requotes.
- Wide range of assets and analytical tools.
Cons
- Limited choice of platforms (only MT5).
Analytics
| Broker | Oanda | Trading.com |
|---|---|---|
| Rating | 5/5 | 3/5 |
Oanda
The Oanda broker's analytical section offers many tools that help traders make informed decisions.
Trading.com
The analytical material set on Trading.com is not impressive.
Pros
- A variety of instruments for American traders.
- Technical analysis and trading signals.
Cons
- Limited set of instruments for the UK.
- Lack of materials for beginners.
Education
| Broker | Oanda | Trading.com |
|---|---|---|
| Rating | 4.5/5 | 2/5 |
Oanda
Oanda provides an extensive range of educational resources, catering to new and experienced traders, focusing on leveraged trading.
Pros
- Comprehensive coverage of fundamental and technical analysis.
- Variety of resources including webinars, workshops, and live market analysis.
- Free access to premium content for live account holders.
Cons
- Some advanced topics may not be covered in depth.
Trading.com
The educational materials on Trading.com are sparse and limited, especially for European clients.
Pros
- Availability of video tutorials.
- Guides for traders of different levels.
Cons
- No materials for European clients.
- Insufficient variety.
- Lack of webinars and podcasts.
Customer Support
| Broker | Oanda | Trading.com |
|---|---|---|
| Rating | 5/5 | 4.3/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Facebook
Twitter
LinkedIn
YouTube
InstagramOanda
Oanda's technical support provides extensive communication options and round-the-clock service, ensuring the professionalism and efficiency of the solutions provided.
Trading.com
Trading.com's technical support operates 24/5 and offers multiple communication channels.
Pros
- Operates 24/5.
- Fast and competent responses.
- Multiple communication channels.
Cons
- Lack of messengers for quick communication.
