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AvaTrade vs OANDA 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is AvaTrade better than OANDA? In our analysis of 23 international regulators across 39 of the best forex brokers, AvaTrade is considered low-risk, with an overall Trust Score of 93 out of 99. OANDA is considered low-risk, with an overall Trust Score of 92 out of 99. Learn more about Trust Score.

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Overall RatingAvaTradeOANDA
Overall Rating 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4.5/5 Stars
Research 4/5 Stars 4.5/5 Stars
Education 5/5 Stars 4/5 Stars
Trust Score 93 92
Winner check_circle
Review AvaTrade Review OANDA Review
RegulationAvaTradeOANDA
Trust Score 93 92
Year Founded 2006 1996
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union Yes info Yes info
Tier-1 Licenses 4 6
Tier-2 Licenses 3 0
Tier-3 Licenses 1 1
Tier-1 Licenses (High Trust)AvaTradeOANDA
ASIC Authorised (Australia) Yes Yes
IIROC Authorised (Canada) Yes Yes
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) Yes No
FSA Authorised (Japan) Yes Yes
MAS Authorised (Singapore) No Yes
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) No Yes
CFTC Registered (USA) No Yes
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)AvaTradeOANDA
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes No
SEBI Authorised (India) No No
ISA Authorised (Israel) Yes No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) Yes No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) Yes No
Tier-3 Licenses (Low Trust)AvaTradeOANDA
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) Yes Yes
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsAvaTradeOANDA
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 1260 124
Forex Pairs (Total) 55 71
U.S. Stock Trading (Non CFD) No No
Int'l Stock Trading (Non CFD) No No
Social Trading / Copy Trading Yes Yes
Cryptocurrency (Physical) No Yes
Cryptocurrency (CFD) Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CostAvaTradeOANDA
Average Spread EUR/USD - Standard 0.91 (Aug 2020) 1.26 (5/22-5/27/22)
All-in Cost EUR/USD - Active 0.61 (Aug 2020) 1.26 (5/22-5/27/22)
Active Trader or VIP Discounts Yes Yes
Execution: Agency Broker No No
Execution: Market Maker Yes Yes
FundingAvaTradeOANDA
Minimum Initial Deposit $100 $0
PayPal (Deposit/Withdraw) Yes Yes
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsAvaTradeOANDA
Proprietary Platform Yes Yes
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
Social Trading / Copy Trading Yes Yes
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) Yes Yes
cTrader No No
DupliTrade Yes No
ZuluTrade Yes Yes
Trading ToolsAvaTradeOANDA
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 6 6
Charting - Indicators / Studies (Total) 90 81
Charting - Drawing Tools (Total) 13 431
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile TradingAvaTradeOANDA
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing Yes No
Mobile Charting - Indicators / Studies 73 33
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave No Yes
Forex Calendar Yes Yes
ResearchAvaTradeOANDA
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes Yes
Autochartist No Yes
Trading Central (Recognia) Yes No
Social Sentiment - Currency Pairs Yes Yes
Economic Calendar Yes Yes
EducationAvaTradeOANDA
Has Education - Forex or CFDs Yes Yes
Client Webinars Yes Yes
Client Webinars (Archived) Yes Yes
Videos - Beginner Trading Videos Yes Yes
Videos - Advanced Trading Videos Yes Yes
Investor Dictionary (Glossary) Yes Yes
Major Forex PairsAvaTradeOANDA
GBP/USD Yes Yes
USD/JPY Yes Yes
EUR/USD Yes Yes
USD/CHF Yes Yes
USD/CAD Yes Yes
NZD/USD Yes Yes
AUD/USD Yes Yes
Review AvaTrade Review OANDA Review
OverallAvaTradeOANDA
Overall Rating 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4.5/5 Stars
Research 4/5 Stars 4.5/5 Stars
Education 5/5 Stars 4/5 Stars
Trust Score 93 92
Winner check_circle
Review AvaTrade Review OANDA Review
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AvaTrade vs OANDA Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare AvaTrade vs OANDA.

Does AvaTrade or OANDA offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, AvaTrade offers better pricing overall for traders.

Is AvaTrade or OANDA safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. OANDA holds 6 global Tier-1 licenses, while AvaTrade holds 4. AvaTrade holds 3 global Tier-2 licenses, while OANDA holds 0. In our analysis of 23 international regulators across 50 brokers, AvaTrade earned a higher Trust Score than OANDA.

Which trading platform is better: AvaTrade or OANDA?

To compare the trading platforms of both AvaTrade and OANDA, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, AvaTrade offers a better experience. With research, OANDA offers superior market research. Finally, we found OANDA to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both AvaTrade and OANDA offer MetaTrader 4 (MT4).AvaTrade and OANDA both offer copy trading.

How many forex pairs and CFDs are available to trade?

OANDA provides traders 71 currency pairs (e.g., EUR/USD) compared to AvaTrade's 55 available pairs. Forex pairs aside, AvaTrade offers traders access to 1260 CFDs while OANDA has 124 available CFDs, a difference of 1136.

Can I trust AvaTrade?

AvaTrade is not publicly-traded and does not operate a bank. AvaTrade is authorised by four tier-1 regulators (high trust), four tier-2 regulators (average trust), and one tier-3 regulator (low trust). AvaTrade is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Central Bank of Ireland (CBI) and the Japanese Financial Services Authority (JFSA), and via Friedberg Direct, with the Investment Industry Regulatory Organization of Canada (IIROC).

Can I trust OANDA?

OANDA is not publicly traded and does not operate a bank. OANDA is authorised by six tier-1 regulators (high trust), zero tier-2 regulators (average trust), and one tier-3 regulators (low trust). OANDA is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Investment Industry Regulatory Organization of Canada (IIROC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Financial Conduct Authority (FCA), and the Commodity Futures Trading Commission (CFTC).

Is AvaTrade good?

AvaTrade is a trusted global brand best known for offering an extensive selection of trading platforms for forex and CFD traders, as well as exceptional educational content that helped it nab a Best in Class rating for Beginners for 2022.

Is OANDA good?

A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.

Overall winner: AvaTrade

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announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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