| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| Oanda | $0 Minimum Deposit | MT4, MT5 Trading Platforms | 800+ Markets To Trade | Oanda is a long established broker, offering MT4 and MT5 with a wide range of tools About |
| Vantage | $50 Minimum Deposit | MT4, MT5, ProTrader Trading Platforms | 400+ Market To Trade | Vantage supports automated trading and social and copy trading and provides its user friendly ProTrader About |
Oanda vs Vantage Comparison
This is a comparison of Oanda Global Markets Ltd based and regulated in the British Virgin Islands vs CIMA regulated Vantage (formerly Vantage FX). Vantage was founded in 2009 and offers services and platforms for traders, particularly automated traders, but all traders are welcome including social and copy traders and traders who want to use a user friendly platform (ProTrader). It has expanded its offerings and now has 400+ markets to trade. Oanda was founded in 1996 in Toronto, Canada and provides trading on MT4 and MT5 with a wide range of tools for a wide range of types of trading, including automated trading.
Quick comparison
Both offer MT4 and MT5, while Oanda has no minimum deposit requirement and Vantage additionally provides ProTrader.
Minimum deposit and account types
The minimum deposit for Vantage is $50. There is no minimum deposit requirement for Oanda.
- Vantage offers Standard STP, Raw ECN, Islamic and Pro ECN accounts. The STP account has a minimum deposit of $50, the Raw ECN account has a minimum deposit of $50 and the Pro ECN account has a minimum deposit of $10,000. The minimum trade size is 0.01 lots.
- Vantage's Standard STP account does not charge commissions, while the Raw and Pro ECN accounts do charge commissions. All accounts allow scalping. Vantage supports social and copy trading via ZuluTrade, Myfxbook Autotrade, DupliTrade and Vantage Social Trading (on the Vantage mobile app). The Pro ECN account offers lower commission charges and access to Interbank price feeds.
- 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
- Oanda offers Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities and Stocks, with 800+ available.
- Vantage offers Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities and Stocks, with 400+ available.
Cryptocurrency CFDs
- Oanda offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Binance Coin, Tezos, Uniswap, Cardano, Stellar, EOS, Dogecoin, Chainlink and Polkadot CFDs.
- Vantage offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Binance Coin, Tezos, Uniswap, Cardano, Stellar, EOS, Dogecoin, Chainlink, Polkadot, Ripple, Zcash, Iota, Neo, TRON, Algorand, Cosmos, Avalanche, Axie Infinity, Basic Attention Token, Curve, Ethereum Classic, Filecoin, 1inch, The Sandbox, Loopring, Maker, Polygon, NEAR Protocol, Harmony, SHB, Solana and Sushi CFDs.
| Broker | Trading Platforms | Description |
|---|---|---|
| Oanda Global Broker | MT4, MT5 Trading Platforms | Oanda is a long established MT4 and MT5 broker which supports a wide range traders including automated traders Description |
| Vantage Broker | MT4, MT5, ProTrader Trading Platforms | Vantage provides 300+ markets to trade offering both MT4 and MT5 with infrastructure support for automated trading and provides copy trading and user friendly ProTrader Description |
Leverage
Maximum leverage for Oanda (FSC regulated) is 200:1. Maximum leverage for Vantage (CIMA regulated) is 500:1.
Commissions
- Oanda has a commission charge on its Core account of $4 per lot and $3.5 per lot on its Premium Core account.
- Vantage has a commission charge of $3 per lot per side for ECN trading, except for its Pro ECN account which has a commission charge of $1.50 per lot per side.
Online trading platforms
Oanda offers MT4 and MT5. Vantage provides MT4, MT5 and ProTrader.
Foundation
Oanda was founded in 1996, while Vantage was founded in 2009.
Payment methods
Both brokers support Bank Transfer, Credit/Debit Cards, Skrill and Neteller. Vantage additionally supports China UnionPay, Fasapay and AstroPay.
Why Oanda or Vantage ?
Automated traders (those who use robots to trade on their behalf) can use either broker, each explicitly supports this kind of trading. Traders who execute their own trades can also use either, however Vantage offers a user friendly platform (ProTrader). Traders who want to social and copy trading can consider Vantage as it supports ZuluTrade, Myfxbook and DupliTrade.
Comparison summary
- Both offer CFD trading
- Each provides MT4 and MT5
- Vantage additionally provides ProTrader
- Vantage supports social and copy trading
- Oanda has no minimum deposit
