Updated Jan 19 2024
Visit 78.3% of retail CFD accounts lose money. |
Visit 69.9% 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. |
SquaredFinancial is a global brokerage firm founded in 2005 and headquartered in Cyprus that specialises in providing real stocks along with CFDs on all major asset classes paired with MT4 & MT5 platforms. |
Best For | |
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Licenses | |
Financial Regulation Regulated Top-tier Licenses 7 Other Licenses 1 Provided by |
Financial Regulation Regulated Top-tier Licenses 0 Other Licenses 2 Provided by |
🏛 Financial Regulators | |
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The Good | |
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The Bad | |
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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 | |
All documents must be under the account holder's name. |
All documents must be under the account holder's name. |
📍 Year Founded | |
1996 | 2005 |
💳 Minimum Deposit Range | |
0 | 250 € (SquaredPro Account), 5,000 € SquaredElite Account |
💰 Payment Methods | |
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💵 Account Base Currencies | |
9 - USD, EUR, GBP, SGD, CHF, JPY, AUD, CAD, HKD. | 5 - EUR, USD, GBP, CHF, ZAR. |
🗽 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, IR, SY. |
📊 STP Account | |
No | Yes |
📊 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 | 17,101 |
Exchange Access | |
0 | 0 |
📙 Real Stocks | |
0 | 8,000 |
📙 Stock CFDs | |
0 | 8,000 |
📘 Currency Pairs | |
0 | 0 |
📘 Currency Pair CFDs | |
68 | 40 |
📗 Commodities | |
0 | 0 |
📗 Commodities CFDs | |
13 | 5 |
📕 Indices | |
0 | 0 |
📕 Indices CFDs | |
16 | 15 |
📔 ETFs | |
0 | 0 |
📔 ETFs CFDs | |
4 | 1,000 |
💸 Cryptocurrencies | |
0 | 0 |
💸 Cryptocurrency CFDs | |
0 | 25 |
📒 Bonds | |
0 | 0 |
📒 Bonds CFDs | |
6 | 0 |
📓 Options | |
0 | 0 |
📓 Options CFDs | |
0 | 0 |
📗 Futures | |
0 | 0 |
📗 Futures CFDs | |
0 | 16 | 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) | Varies per Commodity (Eg: 1 Gold Contract) |
📉 Minimum Bonds Trade Size | |
1 Bond | Unavailable |
📈 Minimum Futures Trade Size | |
Unavailable | Varies per future (Eg: 1 Contract) |
📉 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 | Yes |
📱 IOS App | |
Yes | No |
📱 Android App | |
Yes | No |
📺 MetaTrader 4 | |
Yes | Yes |
📺 MetaTrader 5 | |
Yes | Yes |
📺 cTrader | |
No | No |
💻 Web trader | |
Yes | Yes |
💻 TradingView Platform | |
Yes | No |
💻 Proprietary Platform | |
Yes | No |
📊 Multi-chart Tools | |
Yes | Yes |
👬 Copy Trading | |
No | No |
👫 Social Trading | |
No | No |
🔑 Guaranteed Stop-loss | |
Yes | No |
🔨 Trailing Stop-loss | |
Yes | No | 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 | None |
💰 Commissions | |
None | Yes, depending on account type or assets. For account types:
For particular assets there are commissions on all accounts, specifically in shares as follows:
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Spreads |
📈 EUR/USD | |
Dynamic - From 0.8 Pips | Dynamic - From 0 to 1.2 Pips |
📉 SP500 | |
Dynamic - From 30 Pips | Dynamic - From 150 Pips |
📈 GOLD | |
Dynamic - From 26 Pips | Dynamic - From 110 Pips |
📉 TSLA (Stock CFD) | |
Unavailable | Dynamic - Market Spread |
📈 XLK (ETF - CFD) | |
Unavailable | Dynamic - Market Spread |
📉 BTC | |
Dynamic - From $100 | Dynamic - From $250 | 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 | Yes |
📡 Live Chat Support | |
Yes | No |
📡 Video Tutorials | |
No | No |
📡 Account Management | |
No | Yes |
📡 Webinars | |
No | No |