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Coinbase vs OANDA Review

Steven Hatzakis

Published by Steven Hatzakis


Friday, July 13th, 2018

Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts for trading FX. In total, over 6,000 data points were collected. For this review, we will compare Coinbase vs OANDA.

To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. OANDA is a better option with a 3.50 star rating over Coinbase's 2.50 star rating.

Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. OANDA is regulated in a major hub, while Coinbase is not. Neither Coinbase and OANDA are publicly traded companies. How many currency pairs are available to trade? Coinbase trails OANDA by 71 total currency pairs (for example, EUR/USD), with OANDA offering 71 and Coinbase offering .

To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. OANDA has Meta Trader, Coinbase doesn't. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. OANDA boasts an offering of 31 charting tools compared to Coinbase's available charting tools. OANDA offers its clients access to 51 different indicators (for example, volume) while Coinbase has available indicators, a difference of 51.

Overall, OANDA comes out on top with 4.00 stars over Coinbase's 3.50 stars. And, when it comes to individual category awards, unfortunately, neither Coinbase nor OANDA received awards Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Customer Service, Best in Class - Active Trading, Best in Class - Mobile Trading and Best in Class - Investor Education.
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Overall
Offering of Investments
Commissions & Fees
Platform & Tools
Customer Service
Research
Mobile Trading
Education
Trust Score
Year Founded
Publicly-Traded Company (Listed)
Regulated in Major Hub
Regulated in Emerging Hub
CFTC Registered (USA)
FCA Regulated (UK)
FINMA Authorised (Switzerland)
ASIC Authorised (Australia)
MAS Authorised (Singapore)
IIROC Authorised (Canada)
SFC Authorised (Hong Kong)
FSA Authorised (Japan)
CySEC Authorised (Cyprus)
FMA Authorised (New Zealand)
Forex: Spot Trading
Currency Pairs (Total Forex pairs)
CFDs - Total Offered
Cryptocurrency traded as actual
Cryptocurrency traded as CFD
All-in Cost EUR/USD - Active
Average Spread EUR/USD - Standard
Active Trader or Premium/VIP
Proprietary
Desktop Platform (Windows)
Web Platform
Social Trading / Copy-Trading
MetaTrader4 (MT4)
MetaTrader5 (MT5)
cTrader
Currenex
ZuluTrade
MirrorTrader
Virtual Trading (Demo)
Watchlists - Total Fields
Alerts - Basic Fields
Charting - Trade From Chart
Charts can be saved
Charting - Drawing Tools (Total)
Charting - Indicators / Studies (Total)
Charting - Drawings Autosave
Order Type - Trailing Stop
Android App
Apple iOS App
Forex News
Alerts - Basic Fields
Alerts Delivery - Push Notifications
Watch List
Watch List Syncing
Charting - Technical Studies/Indicators
Charting - Draw Trend Lines
Daily Market Commentary
Forex News (Top-Tier Sources)
AutoChartist
Trading Central (Recognia)
Delkos Research
Acuity Trading
Social Trading / Copy-Trading
Social Sentiment - Currency Pairs
Client Webinars
Client Webinars (Archived)
Videos - Beginner Trading Videos
Economic Calendar
Calendar Includes Forecasts
Economic News Sentiment
Trade Ideas - Backtesting
GBPUSD (or USDGBP)
USDJPY (or JPYUSD)
EURUSD (or USDEUR)
USDCHF (or CHFUSD)
USDCAD (or CADUSD)
NZDUSD (or USDNZD)
AUDUSD (or USDAUD)
USDCNH (or CNHUSD)
USDSGD (or SGDUSD)
USDMXN (or MXNUSD)
USDNOK (or NOKUSD)
USDSEK (or SEKUSD)
USDTRY (or TRYUSD)
USDZAR (or ZARUSD)
USDDKK (or DKKUSD)
USDBRL (or BRLUSD)
Minimum Initial Deposit
Bank Wire (Deposit/Withdraw)
Visa/Mastercard (Credit/Debit)
PayPal (Deposit/Withdraw)
Skrill (Deposit/Withdraw)
UnionPay (Deposit/Withdraw)
Coinbase
The Most Trusted Digital Asset Exchange! Learn More
Coinbase Review
 
3.5
2
2.5
3.5
-1
-1
3
3.5
 
93
No
No
No
No
No
No
No
No
No
No
No
No
No
 
No
No
No
 
N/A
N/A
No
 
No
No
No
No
No
No
No
No
No
No
 
No
No
No
No
No
No
 
No
No
No
No
No
No
No
No
 
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
 
No
No
No
No
No
No
No
No
No
 
No
No
No
No
No
No
No
 
Yes
Yes
No
No
No
OANDA
OANDA Review
 
4
4
3.5
4
2.5
4
4
3.5
 
90
1996
No
Yes
No
Yes
Yes
No
Yes
Yes
Yes
No
Yes
No
No
 
Yes
71
52
No
No
 
1
1.2
Yes
 
Yes
Yes
Yes
Yes
Yes
No
No
No
No
No
 
Yes
7
Yes
Yes
Yes
31
51
Yes
Yes
 
Yes
Yes
Yes
Yes
Yes
Yes
No
30
Yes
 
Yes
Yes
Yes
No
No
No
Yes
Yes
Yes
Yes
Yes
Yes
No
No
Yes
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
Yes
Yes
Yes
No
 
$0.00
Yes
Yes
No
No
No

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All data was obtained from a published web site as of 4/03/2018 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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