eToro
Oanda
Our Rating
43
81
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 (United Kingdom)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (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

*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
430
810
 

How Do OANDA Vs eToro Compare?

Our full comparison covers the 10 most important trading factors to help you make an informed decision between eToro and OANDA. Here are five key differences:

  • eToro requires a minimum deposit of $200 in Australia and $50-$100 in the EU, while OANDA has no minimum deposit requirement.
  • eToro offers 46+ cryptocurrency CFDs, significantly more than OANDA’s 4+.
  • Both platforms provide leverage up to 30:1 for major pairs in Australia, but eToro offers higher professional leverage of 400:1 compared to OANDA’s 100:1.
  • OANDA supports MetaTrader 4 and has a greater choice of trading platforms and risk management tools.
  • eToro is more focused on social and copy trading, while OANDA offers more comprehensive support for forex trading.