2024 Detailed Comparison: AvaTrade vs. OANDA - Safety, Fees & More

You’re here? Are you having trouble picking the best for US forex trading or a decent forex broker for beginners? AvaTrader or Oanda It might be challenging depending on your unique trading objectives, risk tolerance, and style.

We’ll talk about:

The following table is a list of the different features of Oanda and AvaTrade traders.

Feature	AvaTrade	OANDA
Established year	2006	1996
Headquarters	Ireland	United States
Regulation	Europe: CBI, Australia: ASIC; BVI, Japan, South Africa, Abu Dhabi, Israel	ASIC, CIRO, JFSA, MAS, FCA, CFTC, MiFID
Markets offered	Up to 1250+ Forex, Commodities, Stocks, Crypto, Indices, FX Options, ETFs, Bonds, Spread Betting	Up to 120+ trading assets Forex, Crypto (spot and CFDs – availability depends on regulations), Indices, Commodities, Metals
Account types	Retail account, Standard account, Professional account	Standard account, Core account, and Swap-free account
Demo account	Yes	Yes
Minimum deposit requirement	$100	$0
Proprietary trading platform	AvaTradeGO, AvaOptions,	OANDA mobile, WebTrader,
Trading platforms	WebTrader, MT4, MT5, AlgoTrader,	MetaTrader 4 (MT4)
Copy trading	Yes TradingCentral, DupliTrade	Yes TradingView
Deposit methods	Credit Card, Debit Card, Wire Transfer,	Debit card, Bank wire transfer, ACH
Deposit methods	E-payments - Yes (not for Australian and EU clients) restrictions apply	E-wallets Yes (not for Australian and EU clients)
Withdrawal methods	Credit Card, Debit Card, Wire Transfer,	Debit card, Bank wire transfer, ACH
Withdrawal methods	E-payments - Yes (not for Australian and EU clients) restrictions apply	E-wallets Yes (not for Australian and EU clients)
Base account currencies	USD, EUR, GBP, CAD, AUD	USD, EUR, HKD, SGD
Maximum leverage	Up to 1:400 varies by region	Depending on regulation 20:1
Minimum trade size	0.01 lots	0.01 lots
Deposit fee	No	No
Withdrawal fees	$0	$20 for a bank wire transfer
Commissions	Spread-based from 0.9 pips	Core pricing: commission + spread; Spread-only pricing 1.2 pips
Inactive fee	$50 per quarter after 3 months of inactivity	Following a year of inactivity, ten units of your currency denomination
Account fee	No	No
CFDs trading fees	Floating spread	Floating spread
Customer support	24/5 chat, phone, and Email	24/5 support Email, chat, phone

Oanda broker

Regulated in four jurisdictions, Olsen & Associates, often known as OANDA, has been providing financial services since 1996. The best forex trading broker is the Financial Conduct Authority (FCA) of the United Kingdom as its principal regulator, enforcing high requirements for client safety and operational openness.

OANDA is regulated by the following Tier-1 regulators

Australian Securities & Investment Commission ASIC
Canadian Investment Regulatory Organization CIRO
Japanese Financial Services Authority JFSA
Monetary Authority of Singapore MAS
Financial Conduct Authority FCA
Commodity Futures Trading Commission CFTC
And regulated in the European Union via the MiFID passport system

Security measures of Oanda

Oanda Broker offers segregated bank accounts.
OANDA provides negative balance protection to eligible retail clients.
If you are not eligible, consider using stop-loss orders to limit potential losses.
OANDA offers two-step verification for enhanced security.

Benefits of OANDA for trading

OANDA was established in 1996 and is governed by laws in seven Tier-1 nations.
Its center, MarketPulse, provides regular analytical updates and high-caliber market research pieces.
This audio series, "Market Insight," is a stand-alone production.
The OANDA Trade mobile app has a wide range of features and is very easy to use.
It offers a staggering selection of research tools, market analysis, and news.
The availability of the TradingView platform in multiple countries allows for a variety of algorithmic trading alternatives, such as integration with the Algo Labs API.

Pros of Oanda

A one-dollar deposit is the minimum.
A wide range of the most widely used trading instruments.
Several trustworthy and respectable financial authorities.
Accepts U.S. clients.
Regulated by FCA and NFA.
Well-designed platforms.
Superior research offerings.

Cons of Oanda

No account security for customers in the US.
For clients in the US or the UK, there are no guaranteed stop losses.
U.S. traders are unable to trade single-stock CFDs.
Numerous additional trading costs.
Lack of cent accounts.
Lack of bonus programs.

Learn more: What is Forex Trading and How Does it Work

Avatrade broker

AvaTrade was founded in Dublin, Ireland, in 2006. It now has operations in 150 countries, services more than 200,000 registered users, and handles 2 million transactions per month. The best forex brokers for beginners are regulated by ASIC, the Japanese FSA, and the South African FSCA, with accreditation on five continents.

Its legitimacy is increased by its accreditation by the BVI FSC, Abu Dhabi FSRA, and Central Irish Bank. With more than 250 instruments for traders, AvaTrade provides trading in stocks, equities, indices, cryptocurrencies, currency pairs, and more.

The following Tier-1 regulators regulate OANDA:

EU - Central Bank of Ireland CBI
Australian Securities & Investments Commission ASIC
British Virgin Islands Financial Services Commission BVI
Financial Services Agency, FSC
Financial Futures Association of Japan FSA, FFAJ
South African Financial Sector Conduct Authority FSCA
Abu Dhabi Global Markets ADGM
Financial Regulatory Services Authority FRSA
Israel Securities Authority ISA

Security measures of AvaTrade

Benefits of Avatrade for trading

Price alerts, sophisticated charting options, and easily customizable reports are all provided via the desktop trading interface.
Avatrade serves traders of all skill levels by offering a demo account and a wealth of instructional tools.
The CFD broker Avatrade maximizes possible profits by charging low fees for CFD trading.
Avatrade provides top-notch research and trading tools to support well-informed trading choices.
Avatrade expedites and simplifies the process of opening an account.
A completely digital account opening process guarantees an expedient start.

AvaTrade Pros

Conclusion

OANDA’s rating of 4.5/5 highlights its reliability and suitability for traders of all skill levels, while AvaTrade’s rating is 4.9/5, and makes it a good choice for new traders. Traders can choose AvaTrade or OANDA depending on their needs and preferences.

Pro Tip

Are you ready to get started? Open an account with AvaTrade or OANDA today! Check out our trusted Forex broker to know more reviews and discover other wide range of offerings in forex, stocks, cryptocurrencies, and more to improve your trading strategy!

Frequently asked questions

1. Is my money safe in Avatrade?

Yes, Avatrade is a trusted broker regulated by 9 jurisdictions.

2. Is my money safe in Oanda?

Yes, Oanda is a reliable broker regulated by 4 jurisdictions.

3. How old is Avatrade?

Avatrade was established in 1996.

4. How old is Oanda?

Oanda was established in 2006.

5. How do we test?

We test based on regulation, security measures, fees and commissions, customer support, and account types and trading platforms offered by brokers.

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2024 Detailed Comparison: AvaTrade vs. OANDA - Safety, Fees & More

Oanda broker

OANDA is regulated by the following Tier-1 regulators

Security measures of Oanda

Benefits of OANDA for trading

Pros of Oanda

Cons of Oanda

Avatrade broker

The following Tier-1 regulators regulate OANDA:

Security measures of AvaTrade

Benefits of Avatrade for trading

AvaTrade Pros

AvaTrade Pros

Conclusion

Frequently asked questions

1. Is my money safe in Avatrade?

2. Is my money safe in Oanda?

3. How old is Avatrade?

4. How old is Oanda?

5. How do we test?

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