Is eToro better than OANDA? In our analysis of 23 international regulators across 50 brokers, eToro 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 89 out of 99. Learn more about Trust Score.
ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure
eToro vs OANDA 2021
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.
|
|
|
|
Trade with confidence on the world's leading social trading platform Visit Site
|
||
| Visit Site |
Overall Rating
| Feature | eToro | OANDA |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 92 | 91 |
| eToro Review | OANDA Review | |
| 68% of retail CFD accounts lose money | 76.6% of retail CFD accounts lose money |
Regulation
| Feature | eToro | OANDA |
| Trust Score | 92 | 91 |
|
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 | 1 |
|
Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses (High Trust)
| 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) |
No | Yes |
Tier-2 Licenses (Average Trust)
| Feature | eToro | OANDA |
|
CBRC Authorised (China) |
No | No |
|
CySEC Authorised (Cyprus) |
Yes | No |
|
CBI Authorised (Ireland) |
No | No |
|
ISA Authorised (Israel) |
No | No |
|
FMA Authorised (New Zealand) |
No | No |
|
CBR Authorised (Russia) |
No | No |
|
FSCA Authorised (South Africa) |
No | No |
|
SEC Authorised (Thailand) |
No | No |
Tier-3 Licenses (Low Trust)
| Feature | eToro | OANDA |
| SCB Authorised (Bahamas) | No | No |
| IFSC Authorised (Belize) | No | No |
| BMA Authorised (Bermuda) | No | No |
|
FSC Authorised (British Virgin Islands) |
No | Yes |
|
FSC Authorised (Mauritius) |
No | No |
Investments
| Feature | eToro | OANDA |
|
Forex Trading |
Yes | Yes |
|
CFD Trading |
Yes | Yes |
|
Tradeable Symbols (Total) |
3056 | 124 |
|
Forex Pairs (Total) |
47 | 71 |
|
US Stock Trading (Non CFD) |
Yes | No |
|
Int'l Stock Trading (Non CFD) |
Yes | No |
|
Cryptocurrency (Physical) |
Yes | No |
|
Cryptocurrency (CFD) |
Yes | Yes |
|
Social Trading / Copy-Trading |
Yes | Yes |
Cost
| Feature | eToro | OANDA |
|
Average Spread EUR/USD - Standard |
1 (August 2021) | 1.4 (August 2021) |
|
All-in Cost EUR/USD - Active |
N/A | 1.4 (August 2021) |
|
Active Trader or VIP Discounts |
Yes | Yes |
|
Execution: Agency Broker |
Yes | No |
|
Execution: Market Maker |
Yes | Yes |
Funding
| Feature | eToro | OANDA |
|
Minimum Deposit |
$50-$200 | $0.00 |
|
Bank Wire (Deposit/Withdraw) |
Yes | Yes |
|
Visa/Mastercard (Credit/Debit) |
Yes | Yes |
|
PayPal (Deposit/Withdraw) |
Yes | Yes |
|
Skrill (Deposit/Withdraw) |
Yes | Yes |
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 |
|
DupliTrade |
No | No |
|
ZuluTrade |
No | Yes |
Trading Tools
| Feature | eToro | OANDA |
|
Virtual Trading (Demo) |
Yes | Yes |
|
Alerts - Basic Fields |
Yes | Yes |
|
Watchlists - Total Fields |
6 | 6 |
|
Charting - Indicators / Studies (Total) |
66 | 81 |
|
Charting - Drawing Tools (Total) |
13 | 431 |
|
Charting - Trade From Chart |
No | Yes |
|
Charting - Drawings Autosave |
Yes | Yes |
|
Order Type - Trailing Stop |
Yes | Yes |
Mobile Trading
| Feature | eToro | OANDA |
|
Android App |
Yes | Yes |
|
Apple iOS App |
Yes | Yes |
|
Alerts - Basic Fields |
Yes | Yes |
|
Watch List |
Yes | Yes |
|
Watch List Syncing |
Yes | No |
|
Charting - Indicators / Studies |
5 | 33 |
|
Charting - Draw Trendlines |
No | Yes |
|
Charting - Trendlines Moveable |
No | Yes |
|
Charting - Multiple Time Frames |
Yes | Yes |
|
Charting - Drawings Autosave |
No | Yes |
|
Forex Calendar |
No | Yes |
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) |
Yes | No |
|
Delkos Research |
No | No |
|
Social Sentiment - Currency Pairs |
Yes | Yes |
|
Economic Calendar |
Yes | Yes |
Education
| Feature | eToro | OANDA |
|
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 Pairs
| Feature | eToro | OANDA |
|
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 |
Overall
| Feature | eToro | OANDA |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 92 | 91 |
| eToro Review | OANDA Review |
Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 forex and CFD brokerages to find the best forex broker. Let's compare eToro vs OANDA.
Does eToro 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, eToro offers better pricing overall for traders.
Is eToro or OANDA safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. OANDA holds 6 global Tier-1 licenses, while eToro holds 2. eToro holds 1 global Tier-2 licenses, while OANDA holds 0. In our analysis of 23 international regulators across 50 brokers, eToro earned a higher Trust Score than OANDA.
Which trading platform is better: eToro or OANDA?
To compare the trading platforms of both eToro and OANDA, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, eToro 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. eToro and OANDA both offer copy trading. OANDA offers MetaTrader 4 (MT4), while eToro does not.
How many forex pairs and CFDs are available to trade?
OANDA provides traders 71 currency pairs (e.g., EUR/USD) compared to eToro's 47 available pairs. Forex pairs aside, eToro offers traders access to 3056 CFDs while OANDA has 124 available CFDs, a difference of 2,932.
Can I trust eToro?
eToro is not publicly traded and does not operate a bank. eToro is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulators (low trust). eToro is authorised by the following tier-1 regulators: Australian Securities & Exchange Commission (ASIC) and the Financial Conduct Authority (FCA).
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 zero 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 eToro good?
eToro is a winner for its easy-to-use copy-trading platform where traders can copy the trades of investors across over 2300 instruments, including exchange-traded securities, forex, CFDs, and popular cryptocurrencies.
Is OANDA good?
As a trusted global brand, OANDA provides forex and CFD traders a limited offering of FX pairs and CFDs but stands out for its reputation and quality market research.
Overall winner: eToro
Read Next: Best Forex Brokers 2021
Related Comparisons
- OANDA vs. AvaTrade
- eToro vs. CMC Markets
- OANDA vs. CMC Markets
- eToro vs. IG
- eToro vs. Plus500
- OANDA vs. FOREX.com
- OANDA vs. IG
Trading CFDs, FX, and cryptocurrencies involve 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 website as of 12/14/2020 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.
The names, products, services, branding/logos, and other trademarks or images featured or cited within this Website (www.forexbrokers.com) are the property of their respective owners and the owners retain all legal rights therein. These trademark holders are not affiliated with ForexBrokers.com and the use or display of names, trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, or endorses ForexBrokers.com or any of its reviews, products, or services. ForexBrokers.com declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated.
eToro - 68% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you can afford to take the high risk of losing your money. Cryptoassets are highly volatile unregulated investment products. No EU investor protection.
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.
