Written by ForexBrokers.com
In this head to head comparison of OANDA vs Trade Nation, 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.
OANDA, established in 1996, and Trade Nation, founded in 2014, are well-known online brokers offering various trading services. Both companies are private enterprises and are not banks. While neither is publicly traded on a stock exchange, they differ in regulatory standing. OANDA holds an impressive 7 Tier-1 licenses, showcasing its commitment to high safety standards, which contributes to its high Trust Score of 93 out of 99 on ForexBrokers.com, marking it as a highly trusted broker.
Trade Nation, although newer to the scene, maintains a strong regulatory framework with 2 Tier-1 licenses and an additional Tier-2 license. These credentials contribute to its solid Trust Score of 85 out of 99, categorizing it as a trusted broker. While both brokers have distinct strengths in their regulatory setups, OANDA edges out with a higher number of top-tier licenses, offering an added layer of trust for clients seeking online trading partners with robust regulatory backing.
| Feature |
OANDA
|
Trade Nation
|
|---|---|---|
| Year Founded | 1996 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
Looking strictly at commissions and fees, Trade Nation comes out cheaper for most forex traders. It earns 5 stars and is ranked #7 out of 63 brokers by ForexBrokers.com for this category, while OANDA earns 4 stars and ranks #35 out of 63. The gap largely reflects Trade Nation’s easy-to-understand fixed spreads versus OANDA’s higher effective spreads unless you qualify for its core pricing and potential rebates.
OANDA’s default, commission-free pricing can be pricey: its average EUR/USD spread was 1.61 pips in July 2024. The core pricing plan lowers the spread but adds a commission of $5 per side per $100,000 traded ($10 per round turn) and requires a $10,000 minimum deposit. Using EUR/USD as an example, a 0.4-pip core spread plus the commission-equivalent of about 1 pip brings the all-in cost to roughly 1.4 pips—slightly better than the default, but still not among the lowest. Positives include micro-sizing down to a single unit, and in select regions, active-trader rebates of $5–$17 per million and TradingView subscription reimbursements. OANDA also publishes trailing average spreads for transparency, though not over fixed time windows.
Trade Nation offers fixed-spread pricing on its TN Trader platform (EUR/USD listed at 0.6 pips) and variable pricing on MetaTrader. Spreads widen briefly during the daily rollover to as much as 1.4 pips, so the true average on EUR/USD trends closer to about 1 pip over time. On MetaTrader, you can choose a commission-free account with wider spreads or a Raw Spread account that charges $3.50 per side ($7 round turn) per standard lot. In practice, TN Trader typically delivers the lowest all-in costs among its account choices, and the fixed-spread model makes fees easier to predict.
| Feature |
OANDA
|
Trade Nation
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 1.69 | 0.6 |
| All-in Cost EUR/USD - Active | 1.69 | 0.6 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Comparing OANDA vs Trade Nation on range of investments, both brokers let you trade forex as CFDs or spot. OANDA lists 4,172 tradeable symbols and 69 forex pairs, while Trade Nation offers 1,000 symbols and 46 pairs. A key difference is share dealing: OANDA provides exchange-traded securities (not CFDs) on both U.S. and international exchanges, so you can buy actual stocks like Apple and Vodafone. Trade Nation does not offer real share dealing. Both support copy trading. For crypto, OANDA lets you buy actual cryptocurrency and also trade crypto derivatives, whereas Trade Nation limits crypto access to derivatives only.
For breadth, OANDA earns 4 stars and ranks #28 out of 63 brokers for Range of Investments, while Trade Nation scores 3.5 stars and ranks #39. If you want wider market access, including real stocks and delivered crypto alongside CFDs, OANDA has the edge. If you mainly need core CFD markets with copy trading and crypto derivatives, Trade Nation covers the essentials.
| Feature |
OANDA
|
Trade Nation
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4172 | 1000 |
| Forex Pairs (Total) | 69 | 46 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | 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.
OANDA vs Trade Nation: both brokers check key boxes for trading platforms and tools. Each offers a free demo account, an in-house platform, a Windows desktop download, a web-based platform, and copy trading. Both work with MetaTrader 4 (MT4); only OANDA also supports MetaTrader 5 (MT5). Neither connects to DupliTrade or ZuluTrade.
When it comes to charting and workflow, OANDA lets you place trades straight from charts, while Trade Nation does not. OANDA also provides 74 drawing tools versus Trade Nation’s 39, whereas Trade Nation’s watchlists are more flexible with 14 columns compared with OANDA’s 6. Both earn 4 stars for Trading Platforms and Tools, but ForexBrokers.com ranks OANDA higher at #15 out of 63 brokers, with Trade Nation at #45, signaling a slight edge for OANDA in this category.
| Feature |
OANDA
|
Trade Nation
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 89 | 115 |
| Charting - Drawing Tools (Total) | 74 | 39 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 6 | 14 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
OANDA and Trade Nation both offer mobile trading apps for iPhone and Android. Each app supports price alerts, real-time quote watchlists, drawing tools like trendlines, multiple chart time frames, and auto-saved chart drawings. A key difference is watchlist syncing: Trade Nation syncs watchlists between the app and your online account, while OANDA does not.
For charting, Trade Nation packs in 99 technical studies versus OANDA’s 30. That said, OANDA holds the stronger industry marks, earning 5 stars and ranking #7 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, compared with Trade Nation’s 4 stars and #46 ranking. If synced watchlists and a larger indicator library are must-haves, Trade Nation appeals; if you want a higher-rated mobile app experience overall, OANDA is the safer bet.
| Feature |
OANDA
|
Trade Nation
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 99 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Comparing OANDA vs Trade Nation for market research, both brokers deliver daily market commentary and stream forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones. Each offers a sentiment tool that shows the ratio of long vs. short positions across instruments. Where they differ is in add-on tools: OANDA includes Autochartist for technical ideas (Trade Nation does not), while Trade Nation offers Acuity Trading tools such as Signal Centre (OANDA does not). Neither broker provides Trading Central or TipRanks.
OANDA also features an in-depth economic calendar, whereas Trade Nation does not. These differences help explain their research scores: OANDA is rated 5 stars and ranked #4 out of 63 brokers by ForexBrokers.com, while Trade Nation holds 3.5 stars and ranks #43. If you want Autochartist and a built-in economic calendar, OANDA is the stronger pick; if you value Acuity-powered signals within a simpler setup, Trade Nation could fit your needs.
| Feature |
OANDA
|
Trade Nation
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | No |
Dive deeper: Best Brokers for Forex Research.
In an OANDA vs Trade Nation education comparison for beginners, both brokers deliver foundational resources for forex and CFD trading. Each provides at least ten learning pieces, ten-plus beginner videos, and a set of advanced videos for when you’re ready to go deeper. You’ll also find an investor dictionary with 50+ terms at both, making it easier to understand trading jargon.
The key difference is live learning. OANDA runs client webinars at least once a month and offers a searchable archive of past sessions, so you can catch replays anytime. Trade Nation does not host monthly webinars and has no searchable webinar archive. Reflecting this, ForexBrokers.com rates OANDA 5 out of 5 stars for Education and ranks it 19th of 63 brokers, while Trade Nation earns 3.5 out of 5 stars and ranks 41st. If live coaching and replays are important, OANDA is the better fit; if you mainly want videos, articles, and a glossary, both brokers cover the basics.
| Feature |
OANDA
|
Trade Nation
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that OANDA is better than Trade Nation. OANDA finished with an overall rank of #12, while Trade Nation finished with an overall rank of #34.
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.
| Feature |
OANDA
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Trade Nation
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|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 85 |
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OANDA allows users to purchase actual cryptocurrency in addition to offering cryptocurrency derivatives, whereas Trade Nation only provides the option to trade cryptocurrency derivatives without offering the purchase of actual cryptocurrency.
OANDA provides a variety of flexible options for depositing and withdrawing funds, including ACH or SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, while Trade Nation offers Skrill, Visa or Mastercard, and bank wires but lacks ACH, SEPA, and PayPal options.
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 | OANDA | Trade Nation | |
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| Trust Score | 93 | 85 | |
| Winner | check_circle | ||
| Review | OANDA Review | Trade Nation Review |
| Broker Screenshots | OANDA | Trade Nation | |
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| Regulation | OANDA | Trade Nation | |
|---|---|---|---|
| Trust Score | 93 | 85 | |
| Year Founded | 1996 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | OANDA | Trade Nation | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | OANDA | Trade Nation | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | OANDA | Trade Nation | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4172 | 1000 | |
| Forex Pairs (Total) | 69 | 46 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | 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 | OANDA | Trade Nation | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.69 | 0.6 | |
| All-in Cost EUR/USD - Active | 1.69 | 0.6 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | OANDA | Trade Nation | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | OANDA | Trade Nation | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | OANDA | Trade Nation | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 14 | |
| Charting - Indicators / Studies (Total) | 89 | 115 | |
| Charting - Drawing Tools (Total) | 74 | 39 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | No |
| Mobile Trading | OANDA | Trade Nation | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 99 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | No |
| Research | OANDA | Trade Nation | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | No |
| Education | OANDA | Trade Nation | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | OANDA | Trade Nation | |
|---|---|---|---|
| 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 | |
| Review | OANDA Review | Trade Nation Review |
| Overall | OANDA | Trade Nation | |
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| Trust Score | 93 | 85 | |
| Winner | check_circle | ||
| Review | OANDA Review | Trade Nation Review |
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