Written by ForexBrokers.com
In this head to head comparison of OANDA vs Earn, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
OANDA, founded in 1996, and Earn, in operation since 1994, are both respected online brokers that are not publicly traded or banks. When considering regulatory credentials, OANDA stands out with seven Tier-1 licenses, indicating a high level of trust and security. In contrast, Earn holds just one Tier-1 license. This difference reflects their respective Trust Scores on ForexBrokers.com, where OANDA's score of 93 categorizes it as highly trusted, while Earn's score of 71 places it in the average-risk category.
For investors prioritizing safety and regulatory reliability, OANDA's seven Tier-1 licenses are a strong testament to its secure standing in the financial market. Earn, though slightly riskier with only a single Tier-1 license, still provides a respectable level of confidence. Both brokers, however, do not hold any Tier-2 licenses, which would offer an additional layer of security as considered by ForexBrokers.com. Ultimately, OANDA's higher trust score may appeal more to those looking for credibility and stability in their trading partner.
| Feature |
OANDA
|
Earn
|
|---|---|---|
| Year Founded | 1996 | 1994 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
OANDA and Earn are both prominent options in the world of online forex trading, each offering distinct advantages concerning commissions and fees. OANDA, with its automated execution, presents generally higher forex trading costs compared to some of the best brokers, featuring effective spreads that stand as a notable consideration for traders. Its pricing includes a default and core option, with average non-core pricing on the EUR/USD pair recorded at 1.61 pips in July 2024. In contrast, OANDA's core pricing provides lower spreads, charging a per-side commission of $5 per $100,000 currency. With a $10,000 minimum deposit for core pricing, the all-in cost remains slightly more favorable than its commission-free counterpart.
Key features of OANDA include micro lot trading down to 1 unit and a rebating program for high-volume traders, offering financial incentives alongside subscription reimbursements for TradingView services. Despite these benefits, OANDA does not publish fixed period average spreads, which might affect transparency for some users. It is rated 4 stars for commissions and fees and holds the #34 rank out of 63 brokers on ForexBrokers.com.
On the other hand, Earn provides an alternative with its own set of offerings, although specific average spread data is not available for comparison. Like OANDA, Earn has received a 4-star rating for commissions and fees. However, it ranks slightly lower at #45 out of 63 brokers in the same category. Potential clients would need to evaluate their priorities to determine which broker aligns best with their trading strategies and financial goals.
| Feature |
OANDA
|
Earn
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.61 | N/A |
| All-in Cost EUR/USD - Active | 1.61 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments offered by online brokers OANDA and Earn, both provide the opportunity to trade forex as a CFD or spot contract. However, OANDA stands out with a significantly larger selection of tradable symbols, offering 3,928 compared to Earn's 500. In terms of forex pairs, OANDA offers slightly more with 68 pairs available, whereas Earn provides access to 61 pairs. Neither platform offers trading in exchange-traded securities on U.S. or international exchanges, limiting investors who are interested in buying stocks like Apple or Vodafone directly.
Both OANDA and Earn support copy trading, allowing clients to mimic the trades of successful investors. A notable advantage of OANDA is its capability to offer actual cryptocurrency purchases, while Earn limits crypto-related investments to derivatives only. Despite these differences, each platform provides the ability to trade cryptocurrency derivatives. According to ForexBrokers.com, OANDA earns a slightly higher rating of 4 stars for its range of investments, while Earn follows with 3.5 stars. In the same category, OANDA ranks #27 out of 63 brokers, surpassing Earn's rank of #45.
| Feature |
OANDA
|
Earn
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3928 | 500 |
| Forex Pairs (Total) | 68 | 61 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing OANDA and Earn, both brokers provide a comprehensive suite of trading platforms and tools tailored to various trading needs. OANDA stands out with its proprietary platform, developed in-house, alongside well-known options like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). It also offers a Windows-based desktop platform and a web-based platform for easy access. Additionally, OANDA supports simulated trading with a free virtual demo account and offers extensive charting tools, including 431 drawing tools. Its focus on trading flexibility extends to features like trading directly from stock charts and copy trading capabilities, making it a solid choice for traders seeking versatility. OANDA's dedication to providing a rich trading environment is reflected in its 4-star rating and its #15 rank out of 63 brokers by ForexBrokers.com for Trading Platforms and Tools.
Earn, on the other hand, provides a strong, competitive platform lineup but lacks a proprietary platform, instead offering popular options like MT4 and MT5. It competes closely with OANDA in offering both Windows-based and web-based trading platforms. Earn also supports copy trading and distinguishes itself by integrating ZuluTrade, adding another layer of strategic trading options. While Earn offers fewer drawing tools for charting, it does provide slightly more flexibility in watch list customization with seven columns. Its platform offerings have earned it a commendable 4-star rating. However, it trails OANDA in ForexBrokers.com's rankings, positioned at #51. Both brokers appeal to traders with their distinct set of tools, but OANDA provides a more diverse and integrated trading experience.
| Feature |
OANDA
|
Earn
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| 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 |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 81 | 35 |
| Charting - Drawing Tools (Total) | 431 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of OANDA and Earn, both platforms offer comprehensive options for iPhone and Android users, supplying key features for those interested in active trading. Users of both apps can receive stock or forex price alerts, draw trendlines on charts, and view multiple time frames, ensuring a flexible experience for quick market assessments. Additionally, both provide auto-saving on chart drawings and allow the creation of watchlists with real-time quotes, giving traders essential tools for effective trading. However, neither app currently offers the syncing of watchlist symbols between the mobile app and the online account, making changes exclusive to each platform.
Despite many similarities, OANDA edges ahead with a stellar rating of 5 stars, outshining Earn’s 4-star rating in mobile app performance. OANDA's mobile app ranks #7 out of 63 brokers in the Mobile Trading Apps category according to ForexBrokers.com, showcasing its strong reputation among competitors. In contrast, Earn holds a ranking of #27, though it does offer slightly more technical studies with 35 compared to OANDA's 30. Whether seeking a superior app experience or needing extensive charting studies, traders will find both OANDA and Earn equipped with essential features for successful mobile trading.
| Feature |
OANDA
|
Earn
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 35 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of online brokers OANDA and Earn, several key differences stand out. Both platforms provide daily market commentary and access to top-tier forex news from sources like Bloomberg and Reuters, ensuring you stay informed with the latest updates. However, OANDA offers a more comprehensive set of research tools by including technical analysis features from Autochartist, a well-regarded provider in the industry, while Earn does not. Additionally, OANDA includes a sentiment-based trading tool that presents the ratio of long or short positions across various currency pairs, a feature that Earn does not provide.
Both brokers support investors with an economic calendar that details important upcoming global events. Yet, OANDA maintains a leading edge in research, scoring an impressive 5 out of 5 stars for its offerings, whereas Earn trails with a rating of 3.5 stars. This difference is reflected in their rankings by ForexBrokers.com, where OANDA is placed as the 5th best out of 63 brokers in the research category, while Earn is positioned much lower at 38th. These distinctions illustrate that for those seeking a more extensive range of market research tools, OANDA is a preferable choice.
| Feature |
OANDA
|
Earn
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners in forex and CFDs trading, OANDA stands out as a comprehensive choice. OANDA offers a wealth of materials, including more than ten educational pieces such as articles and videos, along with archived webinars, making it a valuable resource for novice traders. Additionally, OANDA hosts monthly online webinars and maintains a searchable archive of recorded sessions, allowing users to access a broad range of topics at their convenience. Beginners benefit further from at least ten educational videos that specifically cater to those new to trading. An investor dictionary with definitions for over 50 investment terms is another highlight, ensuring that users have a solid foundation of knowledge to build upon. With a perfect education rating of 5 stars and ranked #22 out of 63 brokers by ForexBrokers.com, OANDA is a leader in providing educational support.
In contrast, Earn offers limited educational resources, particularly for those new to forex and CFDs. With fewer than ten educational materials available and no regular online webinars or recorded archives to explore, beginners may find themselves without adequate guidance. The lack of beginner-focused videos and advanced educational content could be a drawback for those looking to thoroughly grasp trading concepts before diving into the markets. Additionally, Earn does not offer a comprehensive investor dictionary, which might leave users seeking definitions elsewhere. Earn's educational offerings are rated 3.5 stars, and its ranking at #62 by ForexBrokers.com underscores the need for more developed educational support compared to peers like OANDA.
| Feature |
OANDA
|
Earn
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that OANDA is better than Earn. OANDA finished with an overall rank of #12, while Earn finished with an overall rank of #50.
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.
| Feature |
OANDA
|
Earn
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 71 |
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While OANDA provides the capability to purchase both actual delivered cryptocurrency and cryptocurrency derivatives, Earn only allows for the trading of cryptocurrency derivatives, not the actual delivered cryptocurrency.
When comparing online brokers, OANDA stands out by offering a variety of deposit and withdrawal options including ACH or SEPA transfers and PayPal, which are not available with Earn, while both brokers provide facilities for Skrill, Visa or Mastercard, and bank wire transactions.
Please 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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0 of 5| Overall Rating | OANDA | Earn | |
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| Trust Score | 93 | 71 | |
| Winner | check_circle | ||
| Review | OANDA Review |
| Broker Screenshots | OANDA | Earn | |
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| Regulation | OANDA | Earn | |
|---|---|---|---|
| Trust Score | 93 | 71 | |
| Year Founded | 1996 | 1994 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | OANDA | Earn | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | OANDA | Earn | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | OANDA | Earn | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3928 | 500 | |
| Forex Pairs (Total) | 68 | 61 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | 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). |
| Cost | OANDA | Earn | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.61 | N/A | |
| All-in Cost EUR/USD - Active | 1.61 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | OANDA | Earn | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | OANDA | Earn | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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 | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | OANDA | Earn | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 81 | 35 | |
| Charting - Drawing Tools (Total) | 431 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | Earn | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 35 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | OANDA | Earn | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | Earn | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | OANDA | Earn | |
|---|---|---|---|
| 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 | OANDA Review |
| Overall | OANDA | Earn | |
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| Trust Score | 93 | 71 | |
| Winner | check_circle | ||
| Review | OANDA Review |
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