Oanda Vs. Robomarkets - Compare Trustworthiness, Capabilities, Fees and Legitimacy


Visit 78.3% of retail CFD accounts lose money.	Visit 72.72% 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 2012, RoboMarkets offers five different types of accounts, including its proprietary R Stock Trader and ProCents accounts, with access to 12,000 instruments. The different accounts offer different spreads and investment instruments.
Best For
Forex traders of all levels (from beginner to advanced)	Traders interested in trading U.S. equities, ETFS with access to 3,000 stocks Traders looking for a mix of CFDs and stocks through R Stock Trader Traders seeking small investments through its ProCents account
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 0 Other Licenses 1 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)
The Good
High trustworthiness, regulated by the best regulators in the world Fast, simple and professional trading platforms Competitive spreads in their currency pairs	Five different types of accounts for different types of investors, offers copy trading Access to 12,000+ investment instruments, including 3,000 U.S. stocks No inactivity or deposit fee Offers five base currencies, including GOLD, and remote VPS Server
The Bad
Extremely limited offering of assets (104) No ability to purchase real stocks or cryptocurrencies, only CFDs	Withdrawals fees (EG: 2.4% on Visa and Mastercard, 2% for PayPal) No integrated news feed on trading platforms Serves only European Union Markets Limited commodities to trade
Status
Operational	Operational
Recent News
No fresh news at the moment. Check again soon!	No fresh news at the moment. Check again soon!
Key Data
⌛ Account Opening Time
1 day	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.	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 Range
0	$100
💰 Payment Methods
Visa Mastercard Bank Transfer Paypal	Visa Mastercard Skrill Neteller e-wallets PayPal Webmoney Fasapay Wire transfers
💵 Account Base Currencies
9 - USD, EUR, GBP, SGD, CHF, JPY, AUD, CAD, HKD.	5 - EUR, USD, GBP, CHF, GOLD.
🗽 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, CA, SY (Available only for EU Citizens).
📊 STP Account
No	No
📊 DMA Account
No	Yes
📊 ECN Account
Yes	Yes
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	Hybrid
Total Asset Offering
107	26,061
Exchange Access
0	0
📙 Real Stocks
0	12,000
📙 Stock CFDs
0	12,000
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
68	35
📗 Commodities
0	0
📗 Commodities CFDs
13	3
📕 Indices
0	0
📕 Indices CFDs
16	9
📔 ETFs
0	1,000
📔 ETFs CFDs
4	1,000
💸 Cryptocurrencies
0	14
💸 Cryptocurrency CFDs
0	0
📒 Bonds
0	0
📒 Bonds CFDs
6	0
📓 Options
0	0
📓 Options CFDs
0	0
📗 Futures
0	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
Unavailable	1 Share
📉 Minimum ETFs Trade Size
Unavailable	1 ETF
📈 Minimum Crypto Trade Size
Varies by crypto (Eg: 0.01 BTC)	Varies per 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)	$1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
1 Bond	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
30	30
💪 Professional Leverage
100	500
✍ Customisable Leverage
Yes	No
🎲 Deleveraged Trading
No	Yes
🎓 Demo Account
Yes	No
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
Yes	Yes
📺 MetaTrader 5
Yes	Yes
📺 cTrader
No	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	No
🔑 Guaranteed Stop-loss
Yes	No
🔨 Trailing Stop-loss
Yes	Yes
Fees
💰 Inactivity Fee
$10 after 1 year of inactivity.	None
💰 Deposit 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.	None
💰 Withdrawal Fees
None	Yes (Eg: Visa/Mastercard fee 2.4%, PayPal 2% and Netteller (1.9%).
💰 Commissions
None	Varies per product (Eg. ETF Pro $0.0045/share).
Spreads
📈 EUR/USD
Dynamic - From 0.8 Pips	Dynamic - From 0.3 Pips
📉 SP500
Dynamic - From 30 Pips	Dynamic - From 40 Pips
📈 GOLD
Dynamic - From 26 Pips	Dynamic - From 25 Pips
📉 TSLA (Stock CFD)
Unavailable	Dynamic - From $0.25 to $0.55
📈 XLK (ETF - CFD)
Unavailable	Unavailable
📉 BTC
Dynamic - From $100	Dynamic - From $100 to $500
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
Yes	No
📡 Reuters Feed
No	No
📡 Educational Content
Yes	No
📡 Live Chat Support
Yes	Yes
📡 Video Tutorials
No	No
📡 Account Management
No	Yes
📡 Webinars
No	No