Robinhood vs OANDA

Robinhood is a free way to trade stocks with limited bells and whistles. How does it compare to OANDA? Read our comparison chart below.

	Robinhood	OANDA

	Visit Site	Visit Site
	OFFER Get a Free Stock (worth between $5 and $200) - Learn More Read Robinhood Review	SPECIAL OFFER Earn Cash Rebates of up to $17 per Million - Learn More Read OANDA Review
	Benefits and Features
Stock Trading	$0	No
Options Trading	$0	No
Annual Fee	None
Cryptocurrency Trading	$0
Minimum Deposit	$0	$0
Mutual Fund Trading	No	No
Commission Free ETFs	All U.S. listed ETFs	Not available
Phone Support	650-761-7789 (available 24/7)
Live Chat Support	Available 24/7 (requires sign in)	Yes
Email Support	Yes
Human Advisors	No
Robo Advisor	No
Assets Under Management	$102 Billion
Penny Stocks	Yes	Not available
Tax Loss Harvesting	No
Goal Tracker	No
Automatic Deposits	Yes
Broker Assisted Trades	Not available	Not available
Good For	Beginners; Active traders
Inactivity Fee	$0	$10/month
Maintenance Fee	$0	None
Online Platform	Yes	Yes
iPhone App	Yes (4.2 stars, 4.3M ratings)
Android App	Yes (4.1 stars, 483k ratings)
Banking	Offers Robinhood spending account with Robinhood Cash Card issued by Sutton Bank	No
Mobile App	iOS & Android	Yes
Desktop App	None	Yes (fxTrade)
Two-Factor Authentication	Device approvals, Authenticator app, SMS
Forex Trading	No	Yes
Futures Trading	No	No
Bond Trading	No	No
CFD Trading	No	Yes (CFD trading is not permitted in the US)
Currency Trading	No	Yes
Customer Service	Live Chat (24 hours via Robinhood app) Phone: 650-761-7789 (available 24/7) Email: support@robinhood.com	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	No	Yes
Seminars	Yes	Yes
Trading Platform	Web Trading, Mobile Apps	OANDA Web, OANDA Mobile, TradingVIew, MetaTrader4
Virtual Trading	No	Yes
Fractional Shares	Yes
Taxable Accounts	Yes
401k Plans	No
IRA Accounts	Yes
Roth IRA Accounts	Yes
SEP IRA Accounts	No
Trust Accounts	No
529 Plans	No
	CreditDonkey® Reviews

Stock Trading
Options Trading
Minimum Deposit
Mobile App
Commissions and Fees
Customer Service
Ease of Use
Research
Spread
Education
Forex Trading
Trading Platform
Trustworthy
Pros & Cons	Pros: Commission-free trades No minimum Extended trading hours Cons: Limited research No mutual funds & bonds	Pros: $0 minimum Exceptional customer service User-friendly platform Cons: Only 1:50 leverage Slow withdrawal processing Incomprehensive educational videos
Bottom Line	Free way to trade stocks with limited bells and whistles... Read full review	Regulated forex broker with no minimum deposit... Read full review
	Visit Site	Visit Site
	Get a Free Stock (worth between $5 and $200) 2% Bonus on Transfers with Margin Balances (Minimum $10k) 1% Bonus on Brokerage Transfers (Individual and Joint Accounts)	Earn Cash Rebates of up to $17 per Million Reduce Trading Cost by Up to 34% with Cash Rebates Open a Forex Account
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Robinhood: Pricing information from published websites as of 08/13/2024. 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. 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.

Get a Free Stock (worth between $5 and $200)

Get a Free Stock

2% Bonus on Transfers with Margin Balances (Minimum $10k)

Get 2% Bonus

Expires 10/27/2024

1% Bonus on Brokerage Transfers (Individual and Joint Accounts)

Get 1% Bonus

Expires 10/27/2024

Which is Better: Robinhood or OANDA?

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

In short: Robinhood's ease of use is impressive. OANDA's customer service is outstanding.

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