Written by ForexBrokers.com
In this head to head comparison of eToro vs OANDA, 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.
eToro vs OANDA: regulation and trust at a glance. eToro was founded in 2007, while OANDA dates back to 1996. eToro is publicly traded and OANDA is privately held; neither is a bank. Based on ForexBrokers.com’s Trust Score (out of 99), eToro scores 97 and OANDA 92—both fall in the 90–99 range, which is considered highly trusted.
License coverage differs. eToro holds 4 Tier-1 licenses (highly trusted) and 1 Tier-2 license (trusted). OANDA holds 7 Tier-1 licenses and 0 Tier-2 licenses. In short, OANDA has more top-tier regulatory approvals, while eToro combines four Tier-1 authorities with one Tier-2 and a public listing, giving both brokers strong safety profiles for everyday traders.
| Feature |
eToro
|
OANDA
|
|---|---|---|
| Year Founded | 2007 | 1996 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 7 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
Comparing eToro vs OANDA on commissions and fees: eToro is a market‑maker with a typical variable spread of 1.0 pip on EUR/USD, which sits a bit above the industry average. OANDA’s default (commission‑free) pricing has historically been higher, with an average of 1.61 pips on EUR/USD in July 2024. OANDA also offers a “core pricing” option with tighter spreads (e.g., around 0.4 pips) plus a commission of $5 per side per $100,000 traded—about 1.4 pips all‑in in the example, slightly cheaper than its default plan. eToro tends to appeal more for its social copy trading features, while OANDA leans on its automated execution and flexible trade sizes.
eToro fees at a glance: typical EUR/USD spread of 1 pip; no per‑trade commission on forex. High‑balance clients can join the eToro Club (Silver to Diamond) by maintaining $5,000–$250,000, unlocking benefits like Trading Central access, discounted deposits/withdrawals, and a dedicated account manager. Rating: 4 out of 5 stars. Ranking for Commissions & Fees: #22 out of 63 brokers.
OANDA fees at a glance: default spreads that can be on the higher side versus top competitors, or core pricing with lower spreads plus a commission ($10 per round‑turn standard lot) that requires a $10,000 minimum deposit. OANDA allows very small trade sizes (down to 1 unit) and offers Elite Trader rebates ($5–$17 per million for high‑volume traders) along with potential TradingView subscription reimbursements. It publishes trailing average spreads for transparency, though not fixed‑period averages. Rating: 4 out of 5 stars. Ranking for Commissions & Fees: #30 out of 63 brokers.
| Feature |
eToro
|
OANDA
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $0 |
| Average spread (EUR/USD) - Standard account | 1 | 1.68 |
| All-in Cost EUR/USD - Active | 1 | 1.69 |
| Non-wire bank transfer | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
In the eToro vs OANDA range of investments comparison, both brokers let you trade forex either as CFDs or as spot contracts, and both make copy trading available. eToro lists 7,441 tradeable symbols versus 4,172 at OANDA, while OANDA offers more currency pairs (69 vs. eToro’s 55). Each broker also supports buying exchange-traded stocks directly on U.S. and international exchanges—so you can purchase shares like Apple or Vodafone rather than only using CFDs. For crypto, both platforms let you buy actual coins as well as trade crypto via CFDs (where available).
For overall variety, eToro earns 5 stars and ranks #11 out of 63 brokers for Range of Investments, compared with OANDA’s 4.5 stars and #20 ranking. eToro is a strong pick if you want a larger catalog that spans stocks, crypto, and social features. OANDA may appeal if you mainly trade forex and value having a wider list of currency pairs.
| Feature |
eToro
|
OANDA
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7441 | 4172 |
| Forex Pairs (Total) | 55 | 69 |
| U.S. Stocks (Shares) | Yes | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | Yes | Yes |
| Cryptocurrency (CFDs) | 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.
Comparing eToro and OANDA on trading platforms and tools, both brokers check key boxes: each offers a free virtual demo account for paper trading, an in-house trading platform, a web-based platform, and copy trading. Both also let you place orders straight from price charts, making it easier to act on what you see without switching screens.
The biggest differences come down to platform choice. OANDA adds a Windows desktop platform and supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which is appealing if you want desktop software or to use MetaTrader’s ecosystem. eToro does not offer a Windows desktop platform or MT4/MT5, leaning instead on its browser platform and social trading features. In our ratings, eToro scores 4.5/5 stars and ranks #8 of 63 for Trading Platforms and Tools, while OANDA scores 4/5 stars and ranks #16—making eToro a strong pick for web-first and social traders, and OANDA a solid fit for those who want desktop and MetaTrader support.
| Feature |
eToro
|
OANDA
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 106 | 89 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Comparing eToro vs OANDA for mobile trading: both offer iPhone and Android apps with price alerts for stocks and forex. According to ForexBrokers.com, OANDA’s app holds a slight edge in ratings (5 stars and ranked #7 of 63) versus eToro (4.5 stars, ranked #10). If overall app rating matters most, OANDA is the front-runner.
For tools, eToro packs 104 technical studies on mobile, far more than OANDA’s 30—great if you rely on indicators. Both let you draw trendlines, but only OANDA auto-saves chart drawings. eToro, however, syncs watchlists between the mobile app and your online account, while OANDA does not. In short: choose eToro for deeper indicators and seamless watchlist syncing; pick OANDA if you want auto-saved chart work and the higher-rated app experience.
| Feature |
eToro
|
OANDA
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
eToro vs OANDA: both brokers cover the basics of market research well. Each provides daily market commentary, forex news from top-tier sources (such as Bloomberg, Reuters, or Dow Jones), sentiment tools showing long/short positioning, and an economic calendar. Neither uses Acuity Trading. The key differences are in third-party analytics: OANDA includes Autochartist for pattern detection and trade ideas, while eToro offers Trading Central tools and TipRanks market research.
According to ForexBrokers.com, OANDA earns a 5-star Research rating and ranks #4 of 63, while eToro scores 4.5 stars and ranks #13. Choose OANDA if you want Autochartist-driven technical ideas on top of news and commentary; pick eToro if Trading Central analysis and TipRanks research are priorities alongside sentiment and news coverage.
| Feature |
eToro
|
OANDA
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | Yes | No |
| Client sentiment data | Yes | Yes |
| TipRanks | Yes | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
eToro and OANDA both make it easy for beginner traders to learn. Each broker runs online educational webinars at least once a month and offers a deep library of videos, including at least 10 for beginners and at least 10 for advanced topics. This mix helps new traders learn the basics and keep progressing with strategy ideas and platform tips tied to forex and CFDs.
For quality scores, OANDA earns 5 out of 5 stars for Education, while eToro is rated 4.5 out of 5. In ForexBrokers.com’s Education category, eToro ranks #3 out of 63 brokers, and OANDA ranks #18. In short: OANDA delivers top-rated lessons and regular webinars, and eToro’s education ranks near the top overall. Either way, beginners get frequent live sessions and plenty of video content to build confidence.
| Feature |
eToro
|
OANDA
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that eToro is better than OANDA. eToro finished with an overall rank of #9, while OANDA finished with an overall rank of #13.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
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OANDA
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| Trust Score | 97 | 92 |
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eToro vs OANDA: both online brokers let you buy actual (delivered) cryptocurrency and trade cryptocurrency CFDs, giving traders flexibility to own coins outright or speculate via derivatives on either platform.
In the eToro vs OANDA comparison, both brokers support ACH/SEPA, PayPal, Skrill, and bank wire deposits and withdrawals, while Visa/Mastercard availability is not specified.
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 | eToro | OANDA | |
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| Trust Score | 97 | 92 | |
| Winner | check_circle | ||
| Review | eToro Review | OANDA Review |
| Broker Screenshots | eToro | OANDA | |
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| Regulation | eToro | OANDA | |
|---|---|---|---|
| Trust Score | 97 | 92 | |
| Year Founded | 2007 | 1996 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 7 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | eToro | OANDA | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | Yes | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | Yes | |
| Singapore (MAS Authorised) | Yes | Yes | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | Yes | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | eToro | OANDA | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | eToro | OANDA | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7441 | 4172 | |
| Forex Pairs (Total) | 55 | 69 | |
| U.S. Stocks (Shares) | Yes | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | Yes | Yes | |
| Cryptocurrency (CFDs) | 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 | eToro | OANDA | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1 | 1.68 | |
| All-in Cost EUR/USD - Active | 1 | 1.69 | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | eToro | OANDA | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | Yes |
| Trading Platforms | eToro | OANDA | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | eToro | OANDA | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 106 | 89 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | OANDA | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 104 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | No | Yes |
| Research | eToro | OANDA | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | Yes | No | |
| TipRanks | Yes | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | eToro | OANDA | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | eToro | OANDA | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | eToro Review | OANDA Review |
| Overall | eToro | OANDA | |
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| Trust Score | 97 | 92 | |
| Winner | check_circle | ||
| Review | eToro Review | OANDA Review |
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