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Is OANDA better than Z.com Trade? After grading forex brokers on nearly 100 different variables,
OANDA is better than Z.com Trade. 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.
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 OANDA vs Z.com Trade.
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 OANDA and Z.com Trade hold a 4.00 star rating.
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. OANDA alongside Z.com Trade are regulated in a major hub. Z.com Trade is a publicly traded company while OANDA is not. How many currency pairs are available to trade? OANDA boasts an offering of 71 different currency pairs compared to Z.com Trade's 55 available pairs.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. OANDA and Z.com Trade 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. OANDA boasts an offering of 31 charting tools compared to Z.com Trade's (Default MT4) available charting tools. OANDA offers its clients access to 51 different indicators (for example, volume) while Z.com Trade has (Default MT4) available indicators, a difference of 51.
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.