Oanda vs eToro Comparison

Oanda vs eToro Online Brokerage Comparison
Oanda vs eToro Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsAbout
$0
Minimum Deposit
MT4, MT5
Trading Platforms
800+
Markets To Trade
Oanda offers MT4 and MT5 and provides a wide range of tools supporting different trading styles including EA robots
About
$50
Minimum Deposit
CopyTrader
Trading Platform
2000+
Markets To Trade
eToro offers a user friendly platform with integrated social and copy trading
About

eToro vs Oanda Comparison

This is a comparison of Oanda Global Markets Ltd based and regulated in the British Virgin Islands vs eToro. eToro was founded in 2007 and has expanded its platform offering over the years. Oanda is a long established MetaTrader broker and was founded in 1996 in Toronto, Canada.

Oanda offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5) and provides a wide range of tools to enable the trader to make the most of the features of this platform. These tools include news and analysis for the trader who executes their own trades and automated trading tools including Expert Advisors and VPS services for those who want robots to execute trades on their behalf. Oanda allows a wide range of trading styles including scalping.

eToro offers a user friendly platform (CopyTrader) and also goes to considerable lengths to provide tools and features for this kind of platform. These features include social and copy trading tools integrated into the platform and a wide range of types of markets to trade.

eToro offers real Stocks, Cryptos and ETFs to buy to own as well as CFD trading. Additionally eToro has a staking service (to earn rewards from Cryptos, T&Cs apply) and its eToro Money crypto wallet (where Cryptos can be exchanged). eToro also offers real Stocks to buy with 0% commission.

Quick comparison

Oanda offers MT4 and MT5 and supports a wide range of trading tyles. eToro offers social and copy trading on a user friendly platform.

Minimum deposit and account types

The minimum deposit for eToro is $50. There is no minimum deposit requirement for Oanda.

  • eToro is a multi-asset Social Trading Platform and Network which supports trading, social trading as well as auto trading by copying other traders (or being copied) and provides products based on this network. eToro offers the eToro Club, which is a tiered program with additional features depending on account equity (which can include personalised service and event invitations), starting at $5000 (Silver) and going up to Diamond ($250,000). The minimum trade size is 0.01 lots.
  • 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

  • eToro offers Forex, Indices, Energy, Metals, Soft Commodities, Cryptocurrencies, Stocks, ETFs and Bonds, with 2000+ available.
  • Oanda offers Forex, Indices, Energy, Metals, Soft Commodities, Cryptocurrencies and Stocks, with 800+ available.

Cryptocurrency CFDs

  • Oanda offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dogecoin, Binance Coin, Tezos, Uniswap, Cardano, Stellar, Chainlink, Polkadot and EOS.
  • eToro offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dogecoin, Binance Coin, Tezos, Uniswap, Cardano, Stellar, Chainlink, Polkadot, EOS, Solana, Ripple, LUNA, Avalanche, Shiba, Polygon, Cronos, TRON, Cosmos, ApeCoin, Algorand, Ethereum Classic, Hedera Hashgraph, Filecoin, Decentraland, The Sandbox, Theta, Fantom, Axie Infinity, AAVE, Zcash, IOTA, The Graph, Maker, NEO, Quant, Chiliz, Gala, Curve, Enjin, Loopring, Curve, Dash, Basic Attention Token, Kyber Network, Compound, Ox, Synthetix, Yearn.finance, Ankr, Bancor, 1inch, Storj, SushiSwap, Ethereum Name Service, REN, dYdX, Fetch.ai and Balancer (the trader owns the cryptocurrency when buying them at FCA and CySEC regulated eToro). There is a flat 1% fee for all Cryptos, on top of the Bid/Ask spread. eToro additionally offers a Wallet which supports 120+ Cryptocurrencies and allows the trader to move unleveraged long positions in real Cryptocurrencies to the Wallet from the platform.
Oanda vs eToro Summary Table
BrokerTrading PlatformsDescription
Oanda Global
Broker
MT4, MT5
Trading Platforms
Oanda Global provides trading on MT4 and MT5, supporting a wide range of styles including scalping and automated trading and traders who make their own trades, providing a wide range of tools
Description
eToro
Broker
CopyTrader
Trading Platform
eToro offers a user friendly platform with 2000+ markets to trade and integrated social and copy trading tools
Description

Leverage

Maximum leverage for eToro is . Maximum leverage for Oanda (FSC regulated) is 888:1.

Commissions

  • eToro 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. eToro provides CopyTrader.

Foundation

Oanda was founded in 1996, while eToro was founded in 2007.

Payment methods

Both brokers support Bank Transfer, Credit/Debit Cards, Skrill and Neteller. eToro additionally supports PayPal, iDeal and Klarna.

Why Oanda or eToro ?

Traders who want to trade on a user friendly platform with social and copy trading tools may wish to consider eToro. Traders who want to use MT4 and MT5 with a wide range of tools to enhance their trading may wish to consider Oanda. Traders who want to trade a wide range of markets including real Cryptocurrencies can consider eToro. Traders who want to run EA robots can consider Oanda.

Comparison summary

  • Both offer CFD trading
  • eToro offers more markets to trade
  • Oanda provides MT4 and MT5
  • eToro offers a user friendly platform
  • Oanda supports automated trading with EA robots
  • eToro provides social and copy trading tools