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OANDA vs ETX Capital 2019
Is ETX Capital better than OANDA? After grading forex brokers on nearly 100 different variables, OANDA is better than ETX Capital . 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.
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Overall Rating
| Feature | OANDA | ETX Capital |
| Overall | ||
| OANDA Review | ETX Capital Review | |
| 77% of retail CFD accounts lose money | 78% of retail CFD accounts lose money |
Regulation
| Feature | OANDA | ETX Capital |
| Trust Score | ||
|
Year Founded |
1996 | 1965 |
|
Publicly Traded (Listed) |
No | No |
|
Bank |
No | No |
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Tier-1 Licenses |
6 | 1 |
|
Tier-2 Licenses |
0 | 0 |
|
Tier-3 Licenses |
0 | 0 |
|
Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses
| Feature | OANDA | ETX Capital |
|
ASIC Authorised (Australia) |
Yes | No |
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IIROC Authorised (Canada) |
Yes | No |
|
SFC Authorised (Hong Kong) |
No | No |
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FSA Authorised (Japan) |
Yes | No |
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MAS Authorised (Singapore) |
Yes | No |
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FINMA Authorised (Switzerland) |
No | No |
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FCA Authorised (UK) |
Yes | Yes |
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CFTC Registered (USA) |
Yes | No |
Tier-2 Licenses
| Feature | OANDA | ETX Capital |
|
CBRC Authorised (China) |
No | No |
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CySEC Authorised (Cyprus) |
No | No |
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ISA Authorised (Israel) |
No | No |
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FMA Authorised (New Zealand) |
No | No |
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CBR Authorised (Russia) |
No | No |
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FSB Authorised (South Africa) |
No | No |
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SEC Authorised (Thailand) |
No | No |
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DFSA / Central Bank Authorised (UAE) |
No | No |
Tier-3 Licenses
| Feature | OANDA | ETX Capital |
|
FSC Authorised (British Virgin Islands) |
No | No |
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FSC Authorised (Mauritius) |
No | No |
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Offshore Authorised |
No | No |
Investments
| Feature | OANDA | ETX Capital |
|
Forex: Spot Trading |
Yes | Yes |
|
Currency Pairs (Total Forex pairs) |
71 | 59 |
|
CFDs - Total Offered |
52 | 6000 |
|
Cryptocurrency traded as actual |
No | No |
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Cryptocurrency traded as CFD |
Yes | Yes |
| Offering of Investments | ||
| Winner | check_circle |
Cost
| Feature | OANDA | ETX Capital |
|
Average Spread EUR/USD - Standard |
1.4 (as of Q3 2018) | 0.95 (as of May 18) |
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All-in Cost EUR/USD - Active |
1.4 (as of May 19) | 0.81 (as of May 18) |
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Active Trader or VIP Discounts |
Yes | No |
| Commissions & Fees | ||
| Winner | check_circle |
Funding
| Feature | OANDA | ETX Capital |
|
Minimum Initial Deposit |
$0.00 | $£100 |
|
Bank Wire (Deposit/Withdraw) |
Yes | Yes |
|
Visa/Mastercard (Credit/Debit) |
Yes | Yes |
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PayPal (Deposit/Withdraw) |
No | No |
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Skrill (Deposit/Withdraw) |
No | Yes |
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UnionPay (Deposit/Withdraw) |
No | Yes |
Trading Platforms
| Feature | OANDA | ETX Capital |
|
Proprietary Platform |
Yes | Yes |
|
Desktop Platform (Windows) |
Yes | Yes |
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Web Platform |
Yes | No |
|
Social Trading / Copy-Trading |
Yes | Yes |
|
MetaTrader 4 (MT4) |
Yes | Yes |
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MetaTrader 5 (MT5) |
No | No |
|
cTrader |
No | No |
Trading Tools
| Feature | OANDA | ETX Capital |
|
Virtual Trading (Demo) |
Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes |
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Watchlists - Total Fields |
7 | 7 |
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Charting - Indicators / Studies (Total) |
51 | 51 |
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Charting - Drawing Tools (Total) |
31 | 31 |
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Charting - Trade From Chart |
Yes | Yes |
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Charting - Drawings Autosave |
Yes | Yes |
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Order Type - Trailing Stop |
Yes | Yes |
| Platform & Tools | ||
| Winner | check_circle |
Mobile Trading
| Feature | OANDA | ETX Capital |
|
Android App |
Yes | Yes |
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Apple iOS App |
Yes | Yes |
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Trading - Forex |
Yes | Yes |
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Trading - CFDs |
Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes |
|
Watch List |
Yes | Yes |
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Watch List Syncing |
No | Yes |
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Charting - Indicators / Studies |
30 | 30 |
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Charting - Draw Trend Lines |
Yes | Yes |
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Charting - Trend Lines Moveable |
Yes | Yes |
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Charting - Multiple Time Frames |
Yes | Yes |
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Charting - Drawings Autosave |
Yes | Yes |
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Forex Calendar |
Yes | No |
| Mobile Trading | ||
| Winner | check_circle |
Research
| Feature | OANDA | ETX Capital |
|
Daily Market Commentary |
Yes | No |
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Forex News (Top-Tier Sources) |
Yes | Yes |
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Weekly Webinars |
Yes | Yes |
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AutoChartist |
Yes | No |
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Trading Central (Recognia) |
No | No |
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Delkos Research |
No | No |
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Social Trading / Copy-Trading |
Yes | Yes |
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Social Sentiment - Currency Pairs |
Yes | No |
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Economic Calendar |
Yes | Yes |
| Research | ||
| Winner | check_circle |
Education
| Feature | OANDA | ETX Capital |
|
Has Education - Forex |
Yes | No |
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Has Education - CFDs |
No | No |
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Client Webinars |
Yes | Yes |
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Client Webinars (Archived) |
Yes | Yes |
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Videos - Beginner Trading Videos |
Yes | No |
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Videos - Advanced Trading Videos |
Yes | No |
|
Investor Dictionary (Glossary) |
Yes | No |
|
Tutorials/Guide (PDF or Interactive) |
Yes | No |
| Education | ||
| Winner | check_circle |
Major Forex Pairs
| Feature | OANDA | ETX Capital |
|
GBPUSD (or USDGBP) |
Yes | Yes |
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USDJPY (or JPYUSD) |
Yes | Yes |
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EURUSD (or USDEUR) |
Yes | Yes |
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USDCHF (or CHFUSD) |
Yes | No |
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USDCAD (or CADUSD) |
Yes | Yes |
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NZDUSD (or USDNZD) |
Yes | Yes |
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AUDUSD (or USDAUD) |
Yes | Yes |
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USDCNH (or CNHUSD) |
Yes | Yes |
|
USDSGD (or SGDUSD) |
Yes | Yes |
Overall
| Feature | OANDA | ETX Capital |
| OANDA Review | ETX Capital Review | |
| Overall | ||
| Winner | check_circle |
Our ForexBrokers.com team spent several months and hundreds of hours assessing 28 different forex broker accounts for trading FX. In total, over 2,200 data points were collected. For this review, we will compare ETX Capital 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. Both ETX Capital and OANDA are rated 4.00 stars.
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. Both ETX Capital and OANDA are regulated in a major hub. Neither ETX Capital and OANDA are publicly traded companies. How many currency pairs are available to trade? ETX Capital trails OANDA by 12 total currency pairs (for example, EUR/USD), with OANDA offering 71 and ETX Capital offering 59.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. ETX Capital and OANDA both offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Both brokers offer clients access to the same number of charting tools, 31. ETX Capital and OANDA offer the same number of indicators (eg, volume), 51.
ETX Capital Review
OANDA Review
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. Both ETX Capital and OANDA are rated 4.00 stars.
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. Both ETX Capital and OANDA are regulated in a major hub. Neither ETX Capital and OANDA are publicly traded companies. How many currency pairs are available to trade? ETX Capital trails OANDA by 12 total currency pairs (for example, EUR/USD), with OANDA offering 71 and ETX Capital offering 59.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. ETX Capital and OANDA both offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Both brokers offer clients access to the same number of charting tools, 31. ETX Capital and OANDA offer the same number of indicators (eg, volume), 51.
ETX Capital 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.
