Is OANDA better than TD Ameritrade? In our analysis of 23 international regulators across 39 brokers, OANDA is considered low-risk, with an overall Trust Score of 92 out of 99. TD Ameritrade FX is considered low-risk, with an overall Trust Score of 99 out of 99. Learn more about Trust Score.
TD Ameritrade vs OANDA 2021
Overall Rating
Feature | TD Ameritrade | OANDA |
Overall | ||
Commissions & Fees | ||
Offering of Investments | ||
Platforms & Tools | ||
Mobile Trading Apps | ||
Research | ||
Education | ||
Trust Score | 99 | 92 |
TD Ameritrade Review | OANDA Review | |
N/A of retail CFD accounts lose money | 76.6% of retail CFD accounts lose money | |
Winner | check_circle |
Regulation
Feature | TD Ameritrade | OANDA |
Trust Score | 99 | 92 |
Year Founded |
1955 | 1996 |
Publicly Traded (Listed) |
Yes | No |
Bank |
Yes | No |
Tier-1 Licenses |
5 | 6 |
Tier-2 Licenses |
0 | 0 |
Tier-3 Licenses |
0 | 1 |
Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses (High Trust)
Feature | TD Ameritrade | OANDA |
ASIC Authorised (Australia) |
No | Yes |
IIROC Authorised (Canada) |
No | Yes |
SFC Authorised (Hong Kong) |
Yes | No |
FSA Authorised (Japan) |
No | Yes |
MAS Authorised (Singapore) |
Yes | Yes |
FINMA Authorised (Switzerland) |
No | No |
FCA Authorised (UK) |
Yes | Yes |
CFTC Registered (USA) |
Yes | Yes |
Tier-2 Licenses (Average Trust)
Feature | TD Ameritrade | OANDA |
CBRC Authorised (China) |
No | No |
CySEC Authorised (Cyprus) |
No | 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 | TD Ameritrade | 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 | TD Ameritrade | OANDA |
Forex Trading |
Yes | Yes |
CFD Trading |
No | Yes |
Tradeable Symbols (Total) |
N/A | 124 |
Forex Pairs (Total) |
73 | 71 |
US Stock Trading (Non CFD) |
Yes | No |
Int'l Stock Trading (Non CFD) |
Yes | No |
Social Trading / Copy-Trading |
No | Yes |
Cryptocurrency (Physical) |
No | No |
Cryptocurrency (CFD) |
No | Yes |
Crypto Disclaimer (UK) | 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
Feature | TD Ameritrade | OANDA |
Average Spread EUR/USD - Standard |
1.26 pips (August 2021) | 1.4 (August 2021) |
All-in Cost EUR/USD - Active |
1.26 pips (August 2021) | 1.4 (August 2021) |
Active Trader or VIP Discounts |
No | Yes |
Execution: Agency Broker |
Yes | No |
Execution: Market Maker |
No | Yes |
Funding
Feature | TD Ameritrade | OANDA |
Minimum Deposit |
$0.00 | $0.00 |
Bank Wire (Deposit/Withdraw) |
Yes | Yes |
Visa/Mastercard (Credit/Debit) |
No | Yes |
PayPal (Deposit/Withdraw) |
No | Yes |
Skrill (Deposit/Withdraw) |
No | Yes |
Trading Platforms
Feature | TD Ameritrade | OANDA |
Proprietary Platform |
Yes | Yes |
Desktop Platform (Windows) |
Yes | Yes |
Web Platform |
Yes | Yes |
Social Trading / Copy-Trading |
No | Yes |
MetaTrader 4 (MT4) |
No | Yes |
MetaTrader 5 (MT5) |
No | Yes |
cTrader |
No | No |
DupliTrade |
No | No |
ZuluTrade |
No | Yes |
Trading Tools
Feature | TD Ameritrade | OANDA |
Virtual Trading (Demo) |
Yes | Yes |
Alerts - Basic Fields |
Yes | Yes |
Watchlists - Total Fields |
564 | 6 |
Charting - Indicators / Studies (Total) |
360 | 81 |
Charting - Drawing Tools (Total) |
23 | 431 |
Charting - Trade From Chart |
Yes | Yes |
Charting - Drawings Autosave |
Yes | Yes |
Mobile Trading
Feature | TD Ameritrade | 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 |
360 | 33 |
Charting - Draw Trendlines |
Yes | Yes |
Charting - Trendlines Moveable |
No | Yes |
Charting - Multiple Time Frames |
Yes | Yes |
Charting - Drawings Autosave |
Yes | Yes |
Forex Calendar |
Yes | Yes |
Research
Feature | TD Ameritrade | OANDA |
Daily Market Commentary |
Yes | Yes |
Forex News (Top-Tier Sources) |
Yes | Yes |
Autochartist |
No | Yes |
Trading Central (Recognia) |
No | No |
Delkos Research |
No | No |
Social Sentiment - Currency Pairs |
No | Yes |
Economic Calendar |
Yes | Yes |
Education
Feature | TD Ameritrade | 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 | TD Ameritrade | 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 | TD Ameritrade | OANDA |
Overall | ||
Commissions & Fees | ||
Offering of Investments | ||
Platforms & Tools | ||
Mobile Trading Apps | ||
Research | ||
Education | ||
Trust Score | 99 | 92 |
TD Ameritrade Review | OANDA Review |
Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare OANDA vs TD Ameritrade.
Does OANDA or TD Ameritrade 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, TD Ameritrade offers better pricing overall for traders.
Is OANDA or TD Ameritrade safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. OANDA holds 6 global Tier-1 licenses, while TD Ameritrade holds 5. Both OANDA and TD Ameritrade hold 0 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, TD Ameritrade earned a higher Trust Score than OANDA.
Which trading platform is better: OANDA or TD Ameritrade?
To compare the trading platforms of both OANDA and TD Ameritrade, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, TD Ameritrade offers a better experience. With research, TD Ameritrade offers superior market research. Finally, we found TD Ameritrade 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. While OANDA offers copy trading, TD Ameritrade does not. OANDA offers MetaTrader 4 (MT4), while TD Ameritrade does not.
How many forex pairs and CFDs are available to trade?
TD Ameritrade provides traders 73 currency pairs (e.g., EUR/USD) compared to OANDA's 71 available pairs. Forex pairs aside, OANDA offers traders access to 124 CFDs while TD Ameritrade has N/A available CFDs, a difference of 124.
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).
Can I trust TD Ameritrade?
TD Ameritrade FX is publicly-traded, does operate a bank, and is authorised by five tier-1 regulators (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). TD Ameritrade FX is authorised by the following tier-1 regulators: Investment Industry Regulatory Organization of Canada (IIROC), Securities Futures Commission (SFC), Monetary Authority of Singapore (MAS), Financial Conduct Authority (FCA), and the Commodity Futures Trading Commission (CFTC).
Is OANDA good?
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.
Is TD Ameritrade good?
TD Ameritrade’s thinkorswim platform offers over 70 tradeable currency pairs alongside a plethora of impressive tools, research, and education. For traders in the U.S., TD Ameritrade provides the ultimate trading technology experience.
Overall winner: TD Ameritrade
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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 website as of 01/10/2022 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 "Contact" link at the bottom of this page.
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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.