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

Vs.

ETX Capital
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72.54% of retail CFD accounts lose money.

Oanda Vs. ETX Capital - Compare and Choose the Right One

Updated May 16 2022

Visit

74-89% of retail CFD accounts lose money.

Visit

72.54% 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.

Founded in 1965, ETX Capital offers 60 currency pairs and a wide selection of equities for the beginning and experienced investors with no deposit and withdrawal fees.

Best For
  • Forex traders of all levels (from beginner to advanced)
  • Forex traders for variety of currencies and high net worth equities
  • Traders seeking commission free equities inside their 250 commission-less selection
  • Traders who want to trade commodity futures and bonds 
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)
  • FCA (UK)
  • FSCA (South Africa)
  • CySec (Cyprus)
The Good
  • High trustworthiness, regulated by the best regulators in the world
  • Fast, simple and professional trading platforms
  • Competitive spreads in their currency pairs
  • Commission-free trades for 250 equities
  • Low minimum deposit to open standard account (100£)
  • Wide selection of commodity futures and bonds
  • Decent educational material for market research, including seminars on indices, commodities and currencies
The Bad
  • Extremely limited offering of assets (104)
  • No ability to purchase real stocks or cryptocurrencies, only CFDs
  • Doesn’t provide live news feed on standard account
  • No ability to purchase real stocks or ETFs (All assets are CFDs)
  • Expensive commissions on shares (Eg minimum $15 on US shares, 10 € on EU shares)
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 documents (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 1965
💳 Minimum Deposit
$, €, £, - 0. $, €, £ - 100 (Standard) and 10,000 (Premium)
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • UnionPay
  • Bank Transfer
💵 Account Base Currencies
9 - USD, EUR, GBP, SGD, CHF, JPY, AUD, CAD, HKD. 3 - EUR, USD, GBP
🗽 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. US, BE, CN, SG, CH
📊 STP Account
No No
📊 DMA Account
No No
📊 ECN Account
Yes No
Assets
📚 Available Assets

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

  • CFDs on currencies, bonds, indices, shares, ETFs, commodities and cryptocurrencies.
  • 📙 Stocks
    N/A 5,000 CFDs (250 are commission free)
    📘 Currency Pairs
    68 60
    📗 Commodities
    13 17
    📕 Indices
    16 20
    📔 ETFs
    N/A 19
    💸 Cryptocurrencies
    4 5
    📒 Bonds
    6 8
    📓 Options
    N/A N/A
    📗 Futures
    N/A 45
    📝 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.

    ETX Capital offers CFDs, spread betting and futures.

    Trading Experience
    📈 Minimum Stock Trade Size
    N/A 1 Share
    📉 Minimum ETFs Trade Size
    N/A 1 ETF
    📈 Minimum Crypto Trade Size
    Varies by crypto (Eg: 0.01 BTC) Varies by Cryptocurrency (Eg: 0.01 BTC)
    📉 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) Varies per commodity (Eg 0.1 for WTI, 1 for Cotton)
    📉 Minimum Bonds Trade Size
    1 unit of any Bond contract 1 unit
    📈 Minimum Futures Trade Size
    N/A Varies per futures contract (Eg: 0.1 Copper, 1 for Bonds)
    📉 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 No
    💻 Web trader
    Yes Yes
    💻 TradingView Platform
    Yes No
    💻 Proprietary Platform
    Yes Yes
    📊 Multi-chart Tools
    Yes Yes
    👬 Copy Trading
    No Yes
    👫 Social Trading
    No Yes
    🔑 Guaranteed Stop-loss
    Yes No
    🔨 Trailing Stop-loss
    Yes Yes
    Fees
    💰 Inactivity Fee
    Yes, $10 after 1 year of inactivity No
    💰 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.

    No
    💰 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 asset class. (Eg: U.S shares have a 2 cents per share charge with a minimum of $15 per order, European shares have a 0.1% of transaction value charge with a minimum 10 € charge)

    Spreads
    📈 EUR/USD
    Dynamic - From 0.8 Pips Dynamic - From 0.6 Pips
    📉 SP500
    Dynamic - From 30 Pips Dynamic - From 60 Pips
    📈 GOLD
    Dynamic - From 26 Pips Dynamic - From 60 Pips
    📉 TSLA (Stock CFD)
    N/A Dynamic - From $13
    📈 XLK (ETF - CFD)
    N/A N/A
    📉 BTC
    Dynamic - From $100 Dynamic - Eg. $226.4
    Research and Analysis
    ⭐ Watchlists
    Yes Yes
    🔭 Stock Screener
    No No
    🗓 Economic Calendar
    Yes No
    📜 Integrated Newsfeed
    Yes No
    📡 Reuters Feed
    No No

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