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OANDA vs TradeStation

OANDA is a regulated forex broker with no minimum deposit. How does it compare to TradeStation? Read our comparison chart below.

 OANDATradeStation
 Visit SiteVisit Site
 

OANDA

TradeStation

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

Read OANDA Review

SPECIAL OFFER
Invest and Earn Up to $3,500 - Learn More

 

Benefits and Features

Stock Trading
No
$0 commission
Options Trading
No
$0 Commission + $0.60 per contract
Annual Fee 
None
Minimum Deposit
$0
$0
Mutual Fund Trading
No
$14.95 per transaction
Commission Free ETFs
Not available
more than 2,000 ETFs
Phone Support 800.822.0512 U.S. (toll-free) | 954.652.7900 U.S. (direct)
Monday - Friday, 8AM - 5PM ET
Live Chat Support
Yes
Yes (Monday - Friday, 8AM - 5PM ET)
Email Support 
Yes (Sales@TradeStation.com)
Human Advisors 
Yes
Robo Advisor 
No
Penny Stocks
Not available
Yes
Tax Loss Harvesting 
No
Goal Tracker 
No
Automatic Deposits 
No
Broker Assisted Trades
Not available
$25
Good For 
Day Traders
Inactivity Fee
$10/month
$10/month
Maintenance Fee
None
$0
Online Platform
Yes
Yes
iPhone App 
Yes (4.5 stars, 17.3K ratings)
Android App 
Yes (4.4 stars, 5.98K ratings)
Banking
No
No
Mobile App
Yes
Yes
Desktop App
Yes (fxTrade)
Yes
Two-Factor Authentication Auth0 Guardian app, SMS, or Google Authenticator app
Forex Trading
Yes
Yes (not available in TradeStation US)
Futures Trading
No
$1.50 per Standard contract per side and $0.50 per Micro contract per side
Bond Trading
No
Yes
CFD TradingYes (CFD trading is not permitted in the US)Yes (CFD trading is not permitted in the US.)
Currency Trading
Yes
Yes (not available in TradeStation US)
Customer ServiceLocal number +1 212 858 7690;
Toll-free number 1 877 OANDA FX (1 877 626 3239)
Sunday 4PM ET to Friday 6PM ET		Phone: 800-822-0512 | 954-652-7900
Monday - Friday: 8AM - 5PM ET
Live Chat
Email: Sales@TradeStation.com
Locations
Online only
Online only
Online Community
Yes
Yes
Seminars
Yes
Yes
Trading PlatformOANDA Web, OANDA Mobile, TradingVIew, MetaTrader4Desktop, Web Trading, Mobile Apps, FuturesPlus
Virtual Trading
Yes
Yes
Fractional Shares 
No
Taxable Accounts 
Yes
401k Plans 
No
IRA Accounts 
Yes
Roth IRA Accounts 
Yes
SEP IRA Accounts 
Yes
Trust Accounts 
Yes
529 Plans 
No
 

CreditDonkey® Reviews

 OANDATradeStation
SpreadStarStarStarStarEmpty Star
Mobile AppStarStarStarStarEmpty Star
Customer ServiceStarStarStarStarStar
Ease of UseStarStarStarStarEmpty Star
EducationStarStarStarEmpty StarEmpty Star
Forex TradingStarStarStarStarHalf Star
Trading PlatformStarStarStarStarHalf Star
TrustworthyStarStarStarStarStar
Pros & ConsPros:
  • $0 minimum
  • Exceptional customer service
  • User-friendly platform
Cons:
  • Only 1:50 leverage
  • Slow withdrawal processing
  • Incomprehensive educational videos
Bottom LineRegulated 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.

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

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.

TradeStation

Invest and Earn Up to $3,500

Enroll your new or existing TradeStation account in this offer by using promo code TSTVAGFD on your new account application, requesting to enroll via telephone or with a TradeStation Representative, or completing the enrollment form. Within 45 days of account enrollment, fund your account with at least $5,000. Maintain at least $5,000 in your account for 270 calendar days. New assets will be aggregated during the 45-calendar day period following the enrollment date to determine the amount of your cash offer.

New AssetsCash Bonus
$5,000 - $24,999$150
$25,000 – $99,999$300
$100,000 – $249,999$500
$250,000 – $499,999$1,000
$500,000 – $999,999$2,000
$1,000,000 or more$3,500

Get Deal
TradeStation

Trade Futures in IRA for $0.65

Trade futures in your IRA account for a discounted rate of $0.65 per contract per side. Use promo code 0035AEZP to get special offer. Terms and conditions apply.

Get Deal
TradeStation

Trade Options for $0.25 Per Options Contract

Active options traders can enjoy limited-time pricing of just $0.25 per options contract on new accounts when you sign up by December 31, 2024. Additional terms apply, and pricing is subject to change. Options trading is not suitable for all investors.

Get Deal
Expires 12/31/2024

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

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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