Oanda
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74-89% of retail CFD accounts lose money.

Vs.

BDSwiss
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72.5% of retail CFD accounts lose money.

Oanda Vs. BDSwiss - Compare and Choose the Right One

Updated May 16 2022

Visit

74-89% of retail CFD accounts lose money.

Visit

72.5% of retail CFD accounts lose money.

Overview

Oanda is an international Forex broker founded in 1996 with headquarters in the United States. Oanda specialises exclusively in currency trading solutions for all trader levels. Their greatest selling points are their strong regulatory framework and robust proprietary platforms.

BDSwiss is a global broker headquartered in Switzerland that holds multiple financial licenses and offers access to over 250 financial instruments through 4 account types according to each trader's needs.

Best For
  • Forex traders of all levels (from beginner to advanced)
  • Beginners looking to learn the basics using the "Cent" account
  • Intermediate traders looking for quality fundamental analysis
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

7

Other Licenses

1

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

1

Other Licenses

2

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CFTC (U.S)
  • NFA (U.S)
  • ASIC (Australia)
  • FCA (UK)
  • MAS (Singapore)
  • IIROC (Canada)
  • FFAJ (Japan)
  • BVI (British Virgin Islands)
  • CySec (Cyprus)
  • NFA (United States)
  • FSC (Mauritius)
The Good
  • High trustworthiness, regulated by the best regulators in the world
  • Fast, simple and professional trading platforms
  • Competitive spreads in their currency pairs
  • Excellent educational library with analysis published on the daily basis
  • Suitable for traders who are willing to invest time in learning fundamental analysis.
The Bad
  • Extremely limited offering of assets (104)
  • No ability to purchase real stocks or cryptocurrencies, only CFDs
  • Higher spreads and limited functionality for small accounts
  • Needs $1000 deposit to have access to a personal account manager, or $5,000 for the advantageous Raw account.
Status
Operational Operational
Recent News
N/A N/A
Key Data
⌛ Account Opening Time
1 day minimum (may take longer) 1 Day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

*There is no document verification needed for gross account deposits below US$9,000.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

📍 Year Founded
1996 2012
💳 Minimum Deposit
$, €, £, - 0. $, €, £ - 100
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
  • Sofort
  • iDeal
💵 Account Base Currencies
9 - USD, EUR, GBP, SGD, CHF, JPY, AUD, CAD, HKD. 4 - USD, EUR, GBP, SEK
🗽 Available to U.S Citizens
Yes No
❌ Restricted Countries
AF, AL, BS, BB, BW, BF, BI, KH, KY, CF, TD, CD, CG, CU, ER, ET, GH, IR, IQ, JM, KP, LY, MU, MN, MA, MM, NI, NG, PK, PS, PA, SN, SL, SO, SS, SD, SY, TT, TN, UG, VU, YE, ZW. BE, CD ,ER, JP, KP, LY, MU, SC, SO, SD, US
📊 STP Account
No Yes
📊 DMA Account
No No
📊 ECN Account
Yes Yes
Assets
📚 Available Assets

CFDs on currencies, commodities, cryptocurrencies, indices and bonds.

CFDs on stocks, commodities, currencies, cryptocurrencies and indices.

📙 Stocks
N/A 140 CFDs / 900+ on MT5 Platform
📘 Currency Pairs
68 50+
📗 Commodities
13 6
📕 Indices
16 10
📔 ETFs
N/A 80
💸 Cryptocurrencies
4 20
📒 Bonds
6 N/A
📓 Options
N/A N/A
📗 Futures
N/A N/A
📝 Notes:

All Oanda's assets are CFDs. In the case of commodities, they only have 13, but each commodity has various trading pairs against several different currencies, eg: GOLD/EUR, GOLD/CHF, etc.

Trading Experience
📈 Minimum Stock Trade Size
N/A 1 share
📉 Minimum ETFs Trade Size
N/A 1 contract
📈 Minimum Crypto Trade Size
Varies by crypto (Eg: 0.01 BTC) 0.01 Lots
📉 Minimum FX Trade Size
1 unit of any currency pair (Eg: 1 Euro, 1 Usd, 1 GBP, etc) $1,000 (0.01 lots)
📈 Minimum Commodities Trade Size
Varies by Commodity (Eg: 1 Troy ounce of Gold) 0.01 Lots
📉 Minimum Bonds Trade Size
1 unit of any Bond contract N/A
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
N/A N/A
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
Up to 1:100 Up to 1:500
✍ Customisable Leverage
Yes No
🎲 Deleveraged Trading
No No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes Yes
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes No
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No Yes
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
Yes No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee
Yes, $10 after 1 year of inactivity

10% of account balance after 90 days of inactivity (minimum at €25, maximum at €49.90) 

💰 Deposit Fees
No No
💰 Withdrawal Fees

Credit and Debit cards are free, when it comes to Bank transfer depends on the account's base currency (eg: the first withdrawal costs $, €, £ 20 and any subsequent ones 35). In the case of SGD, there are no fees.

€10 flat fee for bank wire withdrawals equal to or less than €100

💰 Commissions

No, but they do charge currency conversion fees. If your account base currency is GBP and you trade the EUR/USD pair, you'll be paying a conversion fee.

Yes depending on account type (Eg: Raw accounts have a $5 per lot round turn commission while other pay spreads)

Spreads
📈 EUR/USD
Dynamic - From 0.8 Pips Dynamic - From 0.3 Pips (Raw Account)
📉 SP500
Dynamic - From 30 Pips Dynamic - From 39 Pips
📈 GOLD
Dynamic - From 26 Pips Dynamic - From 27 Pips
📉 TSLA (Stock CFD)
N/A Dynamic - From $3.30
📈 XLK (ETF - CFD)
N/A 0.10%
📉 BTC
Dynamic - From $100 Dynamic - From $190
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
No No

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