Best Oanda Alternatives for 2021

The most in depth guide to Oanda Alternatives on the Internet.

What Oanda Does Not Offer and Alternatives For Each

There are many reasons Oanda may not be a good fit for your trading needs. For whatever reason you are looking for a better Oanda alternative or Oanda competitor with similar services. We try to give you as much useful information so you can find what it is you need. We show the best Oanda alternatives below.

For each of these Oanda alternatives, we also highlight the key differences and resemblances with Oanda. For every Oanda alternative trading platform we list we also have detailed trading platform reviews and guides elsewhere on this website, all based on real experiences trading on live Oanda and other brokerage accounts. If you are not happy with Oanda, let us show you some great alternative brokerages.

Having a reputable and dependable broker is crucial to your trading success. All of the alternative brokers we list below have good reputations and match what you are looking for.

We have listed some reasons why Oanda may not be the best broker for you. But dont worry we have compiled a list of the best alternatives further below.

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Oanda Summary

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Oanda Tradable Financial Assets

Oanda Alternatives

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Oanda Trading Account Features

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Oanda Risk Management Features

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Oanda Fees

oanda alternatives
Oanda Regulation

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Oanda Desktop Computer and Mobile Device Support

Below is an extensive list of the best alternatives to Oanda based on our unique 256 point criteria.

Top alternative for Oanda is eToro

eToro is the best alternative broker to Oanda. eToro has been in operation for over 14 years.

eToro, as a brokerage is regulated. This means eToro are supervised by and checked for conduct by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)

If Oanda or eToro are not what you are looking for try AvaTrade.

With Oanda, Losses can exceed deposits

With eToro, 72% of retail investor accounts lose money when trading CFDs with this provider

With AvaTrade, Losses can exceed deposits

AvaTrade, as a brokerage is regulated. This means AvaTrade are supervised by and checked for conduct by the Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI)

Here are some of the key reasons why traders choose eToro and AvaTrade over Oanda

  eToro AvaTrade IC Markets
Brokerage Rating (4/5) (4/5) (4/5)
Regulator Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Min Deposit 200 250 200
Min Trade $25 0.01 Lot 0.01 Lot
Platforms Web Trader, Tablet & Mobile apps Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac
Risk Warning 67% of retail investor accounts lose money when trading CFDs with this provider. 72% of retail investor accounts lose money when trading CFDs with this provider Losses can exceed deposits
  Visit eToro Visit AvaTrade Visit IC Markets

If you want to read more about eToro, we have put together an in-depth eToro review that explores their platform, spreads, and trading conditions in more detail.

If eToro does not match your criteria, have a look at the 10 best Oanda alternatives below.

Best Oanda Alternatives for 2021