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eToro vs OANDA

eToro is a good crypto exchange for learning, socializing and copy-trading. How does it compare to OANDA? Read our comparison chart below.

 eToro
eToro USA LLC and eToro USA Securities Inc.
OANDA
 Visit SiteVisit Site
 

eToro

OANDA

OFFER
Deposit $100 and Get $10 from eToro USA LLC - Learn More

Read eToro Review

SPECIAL OFFER
Earn Cash Rebates of up to $17 per Million - Learn More

Read OANDA Review

 

Benefits and Features

Stock Trading
$0; 3,000+ stocks & ETFs
No
Options Trading
$0
No
Annual Fee
None
 
Cryptocurrency Trading
Check
 
Minimum Deposit$100 ($200 to start copy trading)
$0
Mutual Fund Trading
No
No
Commission Free ETFs
Over 300 ETFs
Not available
Phone Support
None
 
Live Chat SupportOnline 24 hours,
Monday to Friday
Yes
Email Support
Yes
 
Human Advisors
No
 
Robo Advisor
No
 
Assets Under Management$7.5 Billion
(as of 09/30/2023)
 
Penny Stocks 
Not available
Tax Loss Harvesting
No
 
Goal Tracker
Yes
 
Automatic Deposits
Yes
 
Broker Assisted Trades
Not available
Not available
Good For
Position traders
 
Inactivity Fee
$10/month
$10/month
Maintenance Fee
$0
None
Online Platform
Yes
Yes
iPhone App
Yes (4.3 stars, 2.3K ratings)
 
Android App
Yes (4.0 stars, 133k ratings)
 
Banking
No
No
Mobile App
Yes
Yes
Desktop App 
Yes (fxTrade)
Withdrawal Fee$0 ($5 for non-U.S. customers)$20 for bank transfer (first withdrawal processed within calendar month) and $35 (additional withdrawals)
Two-Factor Authentication
SMS or phone call
 
Forex Trading 
Yes
Futures Trading 
No
Bond Trading 
No
CFD Trading Yes (CFD trading is not permitted in the US)
Currency Trading 
Yes
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
Locations
No
Online only
Online Community
Yes
Yes
Seminars
Yes (eToro Academy)
Yes
Trading Platform OANDA Web, OANDA Mobile, TradingVIew, MetaTrader4
Virtual TradingYes (eToro virtual account with $100,000 virtual funds)
Yes
Fractional Shares
Yes
 
Taxable Accounts
Yes
 
401k Plans
No
 
IRA Accounts
No
 
Roth IRA Accounts
No
 
SEP IRA Accounts
No
 
Trust Accounts
No
 
529 Plans
No
 
 

CreditDonkey® Reviews

 eToroOANDA
Cryptocurrency TradingStarStarStarHalf StarEmpty Star
Mobile AppStarStarStarHalf StarEmpty StarStarStarStarStarEmpty Star
Commissions and FeesStarStarStarStarEmpty Star
Ease of UseStarStarStarHalf StarEmpty StarStarStarStarStarEmpty Star
ResearchStarStarStarStarStar
SafetyStarStarStarStarEmpty Star
SpreadStarStarStarStarEmpty Star
Customer ServiceStarStarStarStarStar
EducationStarStarStarEmpty StarEmpty Star
Forex TradingStarStarStarStarHalf Star
Trading PlatformStarStarStarStarHalf Star
TrustworthyStarStarStarStarStar
Pros & ConsPros:
  • Copy actions of top traders
  • Virtual practice account
Cons:
  • Slow customer service response time
Pros:
  • $0 minimum
  • Exceptional customer service
  • User-friendly platform
Cons:
  • Only 1:50 leverage
  • Slow withdrawal processing
  • Incomprehensive educational videos
Bottom LineGood crypto exchange for learning, socializing and copy-trading... Read full reviewRegulated forex broker with no minimum deposit... Read full review
 Visit SiteVisit Site

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

eToro: Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. CreditDonkey Inc may be compensated if you access certain products or services offered by the MSB and/or the BD.

OANDA: Information sourced from the published website as of 04/22/2024.

eToro: eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

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. Affiliate receives a commission for accounts opened through the link on this page

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.

eToro
eToro USA LLC and eToro USA Securities Inc.

Deposit $100 and Get $10 from eToro USA LLC

Expires 12/31/2024
For a limited time, you can get $10 when you deposit $100 in your eToro account. Here's how:
  1. Sign up for an eToro account
  2. Deposit $100
You'll automatically receive $10 directly to your account balance. Offer only applies to US customers. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk.
eToro
eToro USA LLC and eToro USA Securities Inc.

Buy $100 in Crypto and Get $10 Bonus from eToro USA LLC

For a limited time, you can get $10 when you invest in $100 worth of crypto on eToro. Here's how:

  1. Sign up for an eToro account
  2. Deposit funds
  3. Invest in $100 worth of crypto

You'll automatically receive $10 directly to your account balance. Offer only applies to US customers. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk.

eToro
eToro USA LLC and eToro USA Securities Inc.

Get $100,000 Virtual Portfolio to Experiment

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Which is Better: eToro or OANDA?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing eToro or Robinhood.


Articles on eToro

eToro

eToro is a stock and crypto exchange known for its CopyTrading feature. Find out if it's worth the fees and how it compares to other platforms.

eToro vs Interactive Brokers

eToro and Interactive Brokers (IBKR) are two popular platforms where you can invest your money. But which of the two is the right one for you?

How To Delete an eToro Account

Want to close your eToro account? How can you do it? What does it cost? Follow this step-by-step guide to delete your eToro account.

Best eToro Traders

You can copy experienced traders on eToro. But there are so many to choose from. Who are the best eToro traders to follow? Read the full review.

Buy Bitcoin with eToro

Want to buy Bitcoin on eToro? Read this easy-to-follow guide to get started.

eToro Alternatives

eToro is a popular cryptocurrency trading app known for its CopyTrading feature. But it isn't right for everyone. Find your best eToro alternative here.

Articles on OANDA

OANDA Review

OANDA is one of the leading forex and CFD trading providers. But what does it offer? Read on to discover how OANDA elevates your trading journey.

OANDA Spreads

OANDA is one of the world's top forex brokers. But does it have competitive spreads? Read on to find out.

OANDA Withdrawal

Trading is no fun if you can't withdraw your earnings. So how do you withdraw funds at OANDA? Read on to find out.

OANDA Minimum Deposit

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 Approval Time

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 vs FOREX.com

OANDA and FOREX.com are both highly regulated and trusted forex brokers. But one of them is a better option. Which one?

Which Do You Think is Best?





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