eToro
Oanda
Our Rating
7.17
8.83
68% of retail investor accounts lose money when trading CFDs with this provider.
76.6% of retail investor accounts lose money when trading CFDs

Regulations and Licenses

Feature
eToro
Oanda
ASIC (Australia)
FCA (UK)
MAS (Singapore)
CYSEC (Cyprus)
CIRO / IIROC (Canada)
FSA (Seychelles)
FSC BVI (British Virgin Islands)

Brokerage

Feature
eToro
Oanda
EUR/USD Avg. Raw Spread
-
-
GBP/USD Avg. Raw Spread
-
-
AUD/USD Avg. Raw Spread
-
-
EUR/USD Standard Spread
1.0
0.6
EUR/USD Fixed Spreads
-
-
GBP/USD Avg. Standard Spread
2.0
0.9
AUD/USD Avg. Standard Spread
1.0
0.7
Commissions (USD Base)
-
-
Minimum Deposit
$200 (Australia), $50-$100 (EU)
$0
Swap Free Account
No Inactivity Fees
Funding Methods
11+
6+
No Funding Fees

Markets and Instruments

Feature
eToro
Oanda
Currency Pairs
49+
70+
Cryptocurrency CFDs*
46+
4+
Index CFDs
13+
16+
Share CFDs
2000+
-
Commodities CFD
33+
34+
Stockbroking
2000+
-
Retail Max Leverage (Australia)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
400:1
100:1
Retail Max. Leverage (The United Kingdom)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (The United Kingdom)
400:1
100:1
Retail Max. Leverage (Europe)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (Europe)
400:1
100:1
Retail Max. Leverage (UAE)
-
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (UAE)
-
100:1
Retail Max. Leverage (USA)
-
Major Pairs 50:1
Minor Pairs 33:1
Retail Max. Leverage (Canada)
-
Major Pairs 50:1
Minor Pairs 33:1
Retail Max. Leverage (Singapore)
-
Major Pairs 20:1
Pro. Max. Leverage (Singapore)
-
100:1
Retail Max. Leverage (With offshore regulators)
400:1
100:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools

Feature
eToro
Oanda
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

eToro
Oanda
Our Rating
7.17
8.83
 

eToro vs OANDA Verdict Summary

We say eToro is one of the best choices you can make for social trading. However, spreads (or costs) appear to be high. While OANDA is a market maker, its spread costs more closely match the market price. OANDA also has a greater choice of trading platforms and risk management tools.

In this comparison, we break down the key attributes of each broker to help guide you when choosing a forex broker.