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eToro vs OANDA 2019

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Is eToro better than OANDA? After assessing forex brokers on nearly 100 different variables, OANDA is better than eToro. OANDA caters well to traders of all experience levels, offering access to forex trading and CFDs on major indices and commodities via its regulated international businesses. OANDA combines powerful charting and comprehensive research tools across multiple trading platforms.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature eToro OANDA
Overall 4 4
eToro Review OANDA Review
66% of retail CFD accounts lose money 77% of retail CFD accounts lose money

Regulation

Feature eToro OANDA
Trust Score 88 84
Year Founded
2007 1996
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
2 6
Tier-2 Licenses
1 0
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature eToro OANDA
ASIC Authorised (Australia)
Yes Yes
IIROC Authorised (Canada)
No Yes
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No Yes
MAS Authorised (Singapore)
No Yes
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
Yes Yes

Tier-2 Licenses

Feature eToro OANDA
CBRC Authorised (China)
No No
CySEC Authorised (Cyprus)
Yes No
ISA Authorised (Israel)
No No
FMA Authorised (New Zealand)
No No
CBR Authorised (Russia)
No No
FSB Authorised (South Africa)
No No
SEC Authorised (Thailand)
No No
DFSA / Central Bank Authorised (UAE)
No No

Tier-3 Licenses

Feature eToro OANDA
FSC Authorised (British Virgin Islands)
No No
FSC Authorised (Mauritius)
No No
Offshore Authorised
No No

Investments

Feature eToro OANDA
Forex: Spot Trading
Yes Yes
Currency Pairs (Total Forex pairs)
47 71
CFDs - Total Offered
1449 52
Cryptocurrency traded as actual
Yes No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 4 3.5
Winner check_circle

Cost

Feature eToro OANDA
Average Spread EUR/USD - Standard
3 (as of May 19) 1.4 (as of Q3 2018)
All-in Cost EUR/USD - Active
N/A 1.4 (as of May 19)
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 3.5 4
Winner check_circle

Funding

Feature eToro OANDA
Minimum Initial Deposit
$200 $0.00
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes No
Skrill (Deposit/Withdraw)
Yes No
UnionPay (Deposit/Withdraw)
No No

Trading Platforms

Feature eToro OANDA
Proprietary Platform
Yes Yes
Desktop Platform (Windows)
No Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
No Yes
MetaTrader 5 (MT5)
No No
cTrader
No No

Trading Tools

Feature eToro OANDA
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
6 7
Charting - Indicators / Studies (Total)
67 51
Charting - Drawing Tools (Total)
14 31
Charting - Trade From Chart
No Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 4 4
Winner check_circle

Mobile Trading

Feature eToro OANDA
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
No Yes
Watch List
Yes Yes
Watch List Syncing
Yes No
Charting - Indicators / Studies
5 30
Charting - Draw Trend Lines
No Yes
Charting - Trend Lines Moveable
No Yes
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No Yes
Forex Calendar
No Yes
Mobile Trading 4 3.5
Winner check_circle

Research

Feature eToro OANDA
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
No Yes
Weekly Webinars
No Yes
AutoChartist
No Yes
Trading Central (Recognia)
No No
Delkos Research
No No
Social Trading / Copy-Trading
Yes Yes
Social Sentiment - Currency Pairs
Yes Yes
Economic Calendar
Yes Yes
Research 3 4.5
Winner check_circle

Education

Feature eToro OANDA
Has Education - Forex
Yes Yes
Has Education - CFDs
No No
Client Webinars
Yes Yes
Client Webinars (Archived)
No Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes Yes
Investor Dictionary (Glossary)
Yes Yes
Tutorials/Guide (PDF or Interactive)
No Yes
Education 4 3.5
Winner check_circle

Major Forex Pairs

Feature eToro OANDA
GBPUSD (or USDGBP)
Yes Yes
USDJPY (or JPYUSD)
Yes Yes
EURUSD (or USDEUR)
Yes Yes
USDCHF (or CHFUSD)
Yes Yes
USDCAD (or CADUSD)
Yes Yes
NZDUSD (or USDNZD)
Yes Yes
AUDUSD (or USDAUD)
Yes Yes
USDCNH (or CNHUSD)
Yes Yes
USDSGD (or SGDUSD)
Yes Yes

Overall

Feature eToro OANDA
eToro Review OANDA Review
Overall 4 4
Winner check_circle
After spending several months and hundreds of hours researching 28 different forex brokers for trading FX, our team at ForexBrokers.com team collected over 2,200 data points. For this review, we will compare eToro vs OANDA.

To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. OANDA is a better option with a 4.00 star rating over eToro's 3.50 star rating.

Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. eToro alongside OANDA are regulated in a major hub. eToro nor OANDA are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. OANDA offers its clients access to 71 different currency pairs while eToro has 47 available pairs, a difference of 24.

Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. OANDA makes Meta Trader available to clients, while eToro does not. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. OANDA boasts an offering of 31 charting tools compared to eToro's 14 available charting tools. eToro boasts an offering of 67 different indicators (for example, moving averages) compared to OANDA's 51 available indicators.

eToro Review
OANDA Review


Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 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.

OANDA - CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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