| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| Oanda | $0 Minimum Deposit | MT4, MT5, fxTrade Trading Platforms | 800+ Markets To Trade | Oanda provides MT4 and MT5, allowing EAs and has a range of trading tools for different types of traders About |
| AvaTrade | $100 Minimum Deposit | Web Trader, MT4, MT5, AvaOptions, AvaSocial, AvaTradeGO Trading Platforms | 1000+ Markets To Trade | AvaTrade offers MT4, MT5, a user friendly Web Trader, AvaOptions and AvaSocial with a range of tools and features such as AvaProtect About |
AvaTrade vs Oanda Comparison
This is a comparison of Oanda Global Markets Ltd based and regulated in the British Virgin Islands vs AvaTrade. AvaTrade was founded in 2006 and has expanded its platform offering and features over the years. Oanda is a long established MetaTrader broker and was founded in 1996 in Toronto, Canada.
Oanda provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5) and has a wide range of tools. These tools include analysis and news for traders who plan and execute their own trades and EAs for automated traders who use robots to trade. Scalping is allowed.
AvaTrade offers MT4, its successor MetaTrader 5 (MT5), a user friendly Web Trader, AvaOptions for trading Vanilla Options and AvaSocial which is a dedicated platform for social and copy trading. This makes it to some extent a 'one stop shop' for a wide range of traders. AvaTrade offers a wide range of markets and relatively large number. It has tools such as AvaProtect, which reimburses for losing trades: T&Cs apply.
Both offer mobile trading apps: fxTrade in the case of Oanda and AvaTradeGO in the case of AvaTrade.
Quick comparison
Oanda offers MT4 and MT5 and provides a range of tools for different types of trading. AvaTrade offers MT4, MT5, AvaSocial and AvaOptions and has a wide range of markets to trade.
Minimum deposit and account types
The minimum deposit for AvaTrade is $100. There is no minimum deposit requirement for Oanda.
- AvaTrade provides an Economic Calendar on its web site and Trading Central (which provides analysis). Additionally AvaTrade offers AvaSocial, DupliTrade and ZuluTrade, which support social and copy trading. AvaTrade allows the use of EA trading robots.
- Oanda offers the following trading account types: Standard, Core, Swap-free, Premium and Premium Core. The Standard is described as suitable for all traders and has no minimum deposit requirement. The Core is described as suitable for EAs and scalpers. The Swap-free account is for traders who do not want to pay or receive interest on their account. All three of these accounts offer the Signal Center by Acuity. The Premium and Premium Core accounts are for high volume traders and require the trader to maintain a $20,000 minimum balance and trade more than $10 million notional or equivalent per month. These two accounts come with an Account Manager, Zero Deposit Fees (and reimburse bank fees), Free withdrawals, Priority support and a Free VPN.
- The Standard account has spreads from 1.1, the Core account has spreads from 0.2 and the Swap-free account offers spreads from 1.6 pips. The Premium account has spreads from 0.8 and the Premium Core account has spreads from 0.2. The Core and Premium Core accounts charges commissions, the Standard, Premium and Swap-free accounts do not. At Oanda Global, verification documents are not needed for gross account deposits below $9000. Tools include MarketPulse, with a range of analysis and market news, technical analysis powered by AutoChartist, an Economic Calendar and MetaTrader plug-in tools. The minimum trade size is 0.01 lots.
Markets
- AvaTrade offers CFD trading in Forex, Indices, Energy, Metals, Soft Commodities, Cryptocurrencies, Stocks, ETFs, Bonds and Options, with 1000+ available.
- Oanda offers Forex, Indices, Energy, Metals, Soft Commodities, Cryptocurrencies and Stocks, with 800+ available.
Cryptocurrency CFDs
- Oanda offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Chainlink, Stellar, Uniswap, EOS, Dogecoin, Binance Coin, Tezos, Cardano and Polkadot.
- AvaTrade offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Chainlink, Stellar, Uniswap, EOS, Ripple, DASH, NEO, IOTA, Stellar and Bitcoin Gold CFDs.
| Broker | Trading Platforms | Description |
|---|---|---|
| Oanda Global Broker | MT4, MT5, fxTrade Trading Platforms | Oanda Global offers MT4 and MT5 and a wide range of tools supporting automated trading and traders who execute their own trades Description |
| AvaTrade Broker | MT4, MT5, Web Trader, AvaTradeGo, AvaOptions Trading Platforms | AvaTrade offers a wide range of platforms including MT4, MT5 and a user friendly platform and has a social and copy trading platform Description |
Leverage
Maximum leverage for AvaTrade (CBI regulated) is . Maximum leverage for Oanda (FSC regulated) is 200:1.
Commissions
- AvaTrade does not charge commissions.
- Oanda has a commission charge on its Core account of $4 per lot and $3.5 per lot on its Premium Core account.
Online trading platforms
Oanda offers MT4 and MT5. AvaTrade provides MT4, MT5, AvaOptions and AvaSocial.
Foundation
Oanda was founded in 1996, while AvaTrade was founded in 2006.
Payment methods
Both brokers support Bank Transfer, Credit/Debit Cards, Skrill and Neteller. AvaTrade additionally supports WebMoney.
Why Oanda or AvaTrade ?
Traders who want to trade on MT4 or MT5 can try either broker. Traders who want to trade on a user friendly Web Trader may do so at AvaTrade. Traders who want to use EAs may do so at either broker. Traders who want to social and copy trade may do so at AvaTrade.
Comparison summary
- Both offer CFD trading
- Each provides MT4 and MT5
- AvaTrade additionally offers a user friendly Web Trader and AvaOptions
- Both allow EA robots
- AvaTrade has more markets to trade
- Oanda has no minimum deposit
- AvaTrade supports social and copy trading
