Empower vs OANDA
Empower is a free advanced tools plus hybrid advisory service for people with over $100k in investments. How does it compare to OANDA? Read our comparison chart below.
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| | Visit Site | Visit Site |
| SPECIAL OFFER
Join Empower For Free - Learn MoreRead Empower Review | SPECIAL OFFER
Earn Cash Rebates of up to $17 per Million - Learn MoreRead OANDA Review |
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| | Benefits and Features |
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| Stock Trading | | No |
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| Options Trading | | No |
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| Annual Fee | Investment Account: $0;
Wealth Management:0.89% for first $1 million, 0.79% for first $3 million, next $2 million 0.69%, next $5 million, 0.59%, and 0.49% over $10 million | |
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| Minimum Deposit | $100,000 | $0 |
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| Mutual Fund Trading | | No |
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| Commission Free ETFs | | Not available |
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| Phone Support | Yes | |
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| Live Chat Support | No | Yes |
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| Email Support | Yes | |
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| Human Advisors | Yes | |
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| Robo Advisor |  | |
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| Assets Under Management | $1.6 Trillion | |
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| Minimum Investment | Investment Account: $0;
Wealth Management: $100,000 | |
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| Penny Stocks | | Not available |
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| Tax Loss Harvesting | Yes | |
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| Goal Tracker | Yes | |
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| Automatic Deposits | Yes | |
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| Broker Assisted Trades | | Not available |
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| Inactivity Fee | | $10/month |
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| Maintenance Fee | | None |
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| Online Platform | Yes | Yes |
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| iPhone App | Yes | |
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| Android App | Yes | |
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| Banking | | No |
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| Mobile App | iOS & Android | Yes |
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| Desktop App | | Yes (fxTrade) |
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| Forex Trading | | Yes |
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| Futures Trading | | No |
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| Bond Trading | | No |
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| CFD Trading | | Yes (CFD trading is not permitted in the US) |
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| Currency Trading | | Yes |
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| Customer Service | | Local number +1 212 858 7690;
Toll-free number 1 877 OANDA FX (1 877 626 3239)
Sunday 4PM ET to Friday 6PM ET |
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| Locations | | Online only |
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| Online Community | | Yes |
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| Seminars | | Yes |
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| Trading Platform | | OANDA Web, OANDA Mobile, TradingVIew, MetaTrader4 |
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| Virtual Trading | | Yes |
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| Investment Tracking | | |
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| Single Stock Diversification | Yes | |
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| Fractional Shares | No | |
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| Taxable Accounts | Yes | |
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| 401k Plans | Yes | |
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| IRA Accounts | Yes | |
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| Roth IRA Accounts | Yes | |
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| SEP IRA Accounts | Yes | |
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| Trust Accounts | Yes | |
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| 529 Plans | Yes | |
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| | CreditDonkey® Reviews |
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| Human Advisors |  | |
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| Robo Advisor |  | |
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| Price | | |
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| Goal Tracker | | |
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| Budgeting | | |
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| Customer Service | | |
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| Ease of Use | | |
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| Investment Tracking | | |
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| Retirement Planning | | |
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| Spread | | |
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| Mobile App | | |
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| Education | | |
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| Forex Trading | |  |
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| Trading Platform | | |
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| Trustworthy | | |
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| Pros & Cons | Pros:- Retirement planner
- Free portfolio advice
- Robo plus human advisors
Cons:- $100,000 min for advisory service
- Higher fees than competitors
| Pros:- $0 minimum
- Exceptional customer service
- User-friendly platform
Cons:- Only 1:50 leverage
- Slow withdrawal processing
- Incomprehensive educational videos
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| Bottom Line | Free advanced tools plus hybrid advisory service for people with over $100k in investments... Read full review | Regulated forex broker with no minimum deposit... Read full review |
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| | Visit Site | Visit Site |
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Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Empower: Pricing information from published website as of 04/30/2020 OANDA: Information sourced from the published website as of 04/22/2024. Empower: Empower Personal Wealth, LLC (“EPW”) compensates CREDITDONKEY INC for new leads. CREDITDONKEY INC is not an investment client of Personal Capital Advisors Corporation or Empower Advisory Group, LLC. OANDA: OANDA Corporation is regulated by the CFTC/NFA. OANDA is a member Firm of the NFA (Member ID: 0325821). CFDs are not available to residents in the United States.
OANDA CORPORATION IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS
Trading in digital assets, including cryptocurrencies, is especially risky and is only for individuals with a high risk tolerance and the financial ability to sustain losses. OANDA Corporation is not party to any transactions in digital assets and does not custody digital assets on your behalf. All digital asset transactions occur on the Paxos Trust Company exchange. Any positions in digital assets are custodied solely with Paxos and held in an account in your name outside of OANDA Corporation. Digital assets held with Paxos are not protected by SIPC. Paxos is not an NFA member and is not subject to the NFA's regulatory oversight and examinations.
Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks. |
Which is Better: Empower or OANDA?
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Empower or Quicken.
In short: Empower's ease of use is excellent.
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Quicken is the oldest name in personal finance software, while Empower is newer and offers advanced tools for free. Read on to see if it's a good alternative to Quicken.
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OANDA is a suitable forex broker for traders of all levels. Wondering if it has a minimum deposit requirement? Read on to find out.
OANDA is one of the world's most reputable forex brokers. But how long does it take to get your account approved? Read on to find out.
OANDA and FOREX.com are both highly regulated and trusted forex brokers. But one of them is a better option. Which one?
