Updated May 16 2022
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. |
Swissquote is a global broker and investment bank headquartered in Switzerland that offers traditional securities and CFD trading along with advanced research tools. |
Best For | |
|
|
Licenses | |
![]() Financial Regulation Regulated Top-tier Licenses 7 Other Licenses 1 Provided by |
![]() Financial Regulation Regulated Top-tier Licenses 4 Other Licenses 1 Provided by |
🏛 Financial Regulators | |
The Good | |
|
|
The Bad | |
|
|
Status | |
Operational | Operational |
Recent News | |
N/A | N/A |
Key Data | |
⌛ Account Opening Time | |
1 day minimum (may take longer) | 1 Day |
📋 Documents Required | |
All documents must be under the account holder's name. *There is no document verification needed for gross account deposits below US$9,000. |
All documents must be under the account holder's name. |
📍 Year Founded | |
1996 | 1996 |
💳 Minimum Deposit | |
$, €, £, - 0. | Varies per account type and selected trading platform. From $0 up to $5,000. |
💰 Payment Methods | |
💵 Account Base Currencies | |
9 - USD, EUR, GBP, SGD, CHF, JPY, AUD, CAD, HKD. | 21 - AED, AUD, CAD, EUR, DKK USD, GBP, HKD, HUF, ILS, CHF, JPY, PLN, NOK, SGD, MXN, NZD, SEK, TRY, THB, 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, JP, SY, IR. |
📊 STP Account | |
No | Yes |
📊 DMA Account | |
No | Yes |
📊 ECN Account | |
Yes | Yes | Assets |
📚 Available Assets | |
📙 Stocks | |
N/A | 60 Stock Exchanges |
📘 Currency Pairs | |
68 | 80+ |
📗 Commodities | |
13 | 12 CFDs |
📕 Indices | |
16 | 26 CFDs |
📔 ETFs | |
N/A | 1400 + |
💸 Cryptocurrencies | |
4 | 12 CFDs |
📒 Bonds | |
6 | 54,000 + / 3 CFDs |
📓 Options | |
N/A | 6 Exchanges |
📗 Futures | |
N/A | 6 Exchanges |
📝 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. |
N/A | Trading Experience |
📈 Minimum Stock Trade Size | |
N/A | From $50 |
📉 Minimum ETFs Trade Size | |
N/A | From $50 |
📈 Minimum Crypto Trade Size | |
Varies by crypto (Eg: 0.01 BTC) | $1,000 (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) | From $50 |
📉 Minimum Bonds Trade Size | |
1 unit of any Bond contract | From $50 |
📈 Minimum Futures Trade Size | |
N/A | From $50 |
📉 Minimum Options Trade Size | |
N/A | From $50 |
💪 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 | Yes |
🎓 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 | Yes |
💻 Proprietary Platform | |
Yes | Yes |
📊 Multi-chart Tools | |
Yes | Yes |
👬 Copy Trading | |
No | No |
👫 Social Trading | |
No | No |
🔑 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. |
$10 per withdrawal |
💰 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. |
For CFDs there are no commissions as the spreads are the cost. For other assets from $9 up to $210 based on transaction volume and depending on the exchange. |
Spreads |
📈 EUR/USD | |
Dynamic - From 0.8 Pips | From 0 Pips to 1.3 Pips |
📉 SP500 | |
Dynamic - From 30 Pips | Dynamic - From 60 Pips |
📈 GOLD | |
Dynamic - From 26 Pips | N/A |
📉 TSLA (Stock CFD) | |
N/A | N/A |
📈 XLK (ETF - CFD) | |
N/A | Dynamic - Market Spread |
📉 BTC | |
Dynamic - From $100 | N/A | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
No | Yes |
🗓 Economic Calendar | |
Yes | Yes |
📜 Integrated Newsfeed | |
Yes | Yes |
📡 Reuters Feed | |
No | Yes |