Scores, winners and data below compare these brokers as CFD/FX brokers: leveraged trading on forex, indices, commodities and crypto. Scores, winners and data below compare these brokers as stock brokers: real shares and ETFs you own outright.
eToro
Regulated in your country eToro is allowed by ASIC to onboard clients residing in Australia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Oanda
Regulated in your country Oanda is allowed by ASIC to onboard clients residing in Australia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Best for
What we compare A comparison of the kinds of traders eToro and Oanda are best suited to, based on what each one actually offers in Australia.eToro is better than Oanda for high-volume traders, while Oanda is better for professional traders, scalpers and futures traders. Both are a good fit for long-term investors, swing traders and news traders.
| Overall score | eToro 81 83 Best | Oanda 81 74 -9 |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise eToro and the ones that supervise Oanda.eToro and Oanda are both regulated in Australia, by ASIC.
| Section score | eToro 100 100 | Oanda 100 100 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | ||
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that eToro and Oanda have in place to protect your money in Australia.eToro and Oanda both offer segregated client funds and two-factor authentication. eToro also offers additional money insurance.
| Section score | eToro 81 Best 81 Best | Oanda 66 -15 66 -15 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 2007 | 1996 |
| Parent company i | eToro Group Ltd | OANDA Group |
| CEO i | Yoni Assia | Gavin Bambury |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | Australian Settlements Limited | mBank |
| Brand power | ||
| Number of customers worldwide i | 4,280,000 | |
| Annual revenue i | US$1,340,000,000 | US$16,900,000 |
| Monthly website search traffic i | 13.2M monthly visits | |
Costs
What we compare A comparison of what it costs to trade with eToro and with Oanda in Australia, both on each trade and on holding the account.Oanda is better than eToro for CFD/FX costs, given that Oanda is cheaper on EUR/USD, at US$7.35 per lot (against eToro's US$11.2), has tighter S&P 500 CFD spreads, at 0.39 points (against eToro's 1.08 points), and has tighter gold CFD spreads, at 0.52 points (against eToro's 0.88 points). Neither eToro nor Oanda charges account maintenance fees or deposit fees.
eToro is better than Oanda for real stock costs, since eToro does not charge inactivity fees, unlike Oanda. Neither eToro nor Oanda charges account maintenance fees or deposit fees.
| Section score | eToro 55 -11 76 Best | Oanda 66 Best 29 -47 |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | US$3 | |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | US$11.2 | US$7.35 |
| S&P 500 fees (CFD) i | 1.08 points | 0.39 points |
| Gold fees (CFD) i | 0.88 points | 0.52 points |
| Bitcoin fees (CFD) i | US$1,585.8 | US$43.85 |
| US stocks fees (CFD) i | US$0.06 | |
| Fees on stocks | ||
| Stock fee type i | Commission | Percentage |
| US stocks fees (real) i | US$4 | |
| ETF fees (real) i | Free | |
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | ||
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | ||
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with eToro and with Oanda in Australia, and of how many instruments each one gives access to.Oanda is better than eToro for CFD/FX markets, given that Oanda offers futures on crypto and forex, which eToro does not. Both eToro and Oanda offer CFDs on commodities, crypto, forex, indices and stocks, and let you own ETFs and stocks outright.
Oanda is better than eToro for real stock markets, given that Oanda offers futures on crypto and forex, which eToro does not. Both eToro and Oanda let you own ETFs and stocks outright, and offer CFDs on commodities, crypto, forex, indices and stocks.
| Section score | eToro 85 -15 55 -5 | Oanda 100 Best 60 Best |
|---|---|---|
| Total tradable symbols i | 7,000 | 1,400 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, ETF, Forex, Indices, Stocks | Commodities, Crypto, Forex, Indices, Stocks |
| Futures i | Crypto, Forex | |
| Options i | ||
| Assets you can own i | Crypto, ETF, Stocks | Stocks, ETF |
Platform
What we compare A comparison of the trading platforms that eToro and Oanda make available to their clients in Australia.Oanda is better than eToro for platforms, since Oanda offers MetaTrader 5, MetaTrader 4 and TradingView, which eToro does not. eToro and Oanda both offer a proprietary platform and one-click trading.
| Section score | eToro 84 -7 84 -7 | Oanda 91 Best 91 Best |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of eToro and Oanda in Australia, and of what each one lets you do from your phone.Oanda is better than eToro for mobile trading, because Oanda offers the MetaTrader 5 app, the MetaTrader 4 app and mobile trading signals, which eToro does not. Both eToro and Oanda offer a proprietary mobile app and mobile price alerts.
| Section score | eToro 87 -6 87 -6 | Oanda 93 Best 93 Best |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that eToro and Oanda allow on their platforms in Australia.Oanda is better than eToro for CFD/FX trading features, because Oanda offers guaranteed stop losses and tier-1 liquidity providers, which eToro does not, and allows for scalping. Both eToro and Oanda offer negative balance protection and trailing stops.
Oanda is better than eToro for real stock trading features, since Oanda has no minimum trade size on stocks (against eToro's US$10), and offers tier-1 liquidity providers, which eToro does not. eToro and Oanda both offer trailing stops and API access.
| Section score | eToro 68 -28 85 -7 | Oanda 96 Best 92 Best |
|---|---|---|
| Trade execution | ||
| Broker type i | Agency | Agency |
| Average execution time i | ||
| Slippage occurrence i | ||
| Requotes occurrence i | ||
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1 | 30:1 |
| Minor/Exotic FX pairs leverage i | 20:1 | 20:1 |
| Major indices leverage i | 20:1 | 20:1 |
| Minor indices leverage i | 10:1 | 10:1 |
| Gold leverage i | 20:1 | 20:1 |
| Commodities leverage i | 10:1 | 10:1 |
| Equities leverage i | 5:1 | 5:1 |
| Cryptocurrency leverage i | 2:1 | 2:1 |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | US$10 | US$0 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at eToro and at Oanda in Australia, and of who each one is meant for.eToro and Oanda are equally good for CFD/FX account types, since eToro offers a copy trading account and an unlimited demo account while Oanda offers a professional traders account and a raw spread account. Both eToro and Oanda offer a demo account and a corporate account.
eToro is better than Oanda for real stock account types, since eToro offers a stock investing account, a copy trading account and an unlimited demo account, which Oanda does not. Both eToro and Oanda offer a demo account and a corporate account.
| Section score | eToro 45 -1 76 Best | Oanda 46 34 -42 |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with eToro and with Oanda in Australia.Oanda is better than eToro for account opening, as Oanda does not require a minimum deposit (against eToro's US$50), offers 9 account base currencies (against eToro's 2), and has no minimum withdrawal (against eToro's US$30). Both eToro and Oanda offer credit cards and debit cards.
| Section score | eToro 69 -6 69 -6 | Oanda 75 Best 75 Best |
|---|---|---|
| Minimum deposit i | US$50 | US$0 |
| Minimum withdrawal i | US$30 | US$0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | PayPal, Neteller, Skrill | |
| Local payment methods i | ||
| Account base currencies i | USD, AUD | AUD, CAD, CHF, EUR, GBP, HKD, JPY, SGD, USD |
| Deposit waiting time i | Instant | up to 1 business days |
| Withdrawal waiting time i | up to 7 business days | up to 3 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of eToro and Oanda in Australia, in how it can be reached and how fast it answers.eToro is better than Oanda for customer care, because eToro offers a dedicated account manager, priority support and call-back requests, which Oanda does not. eToro and Oanda both offer phone support and live chat.
| Section score | eToro 78 Best 78 Best | Oanda 51 -27 51 -27 |
|---|---|---|
| Number of languages supported i | 7 | 7 |
| Website languages i | Arabic, German, English, French, Italian, Spanish, Chinese | German, English, French, Italian, Russian, Spanish, Chinese |
| Website available in English i | ||
| Customer support languages i | English | German, English, Russian, Spanish, Chinese |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that eToro and Oanda provide to their clients in Australia.eToro is better than Oanda for learning, since eToro offers professional reports and daily market commentary, which Oanda does not. Both eToro and Oanda offer education for advanced traders and webinars.
| Section score | eToro 96 Best 96 Best | Oanda 80 -16 80 -16 |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
eToro vs Oanda: which one should you choose?
eToro
CFD/FX Choose eToro if you want an online CFD broker with copy and social trading.
Stocks Choose eToro if you want a broker for securities investing with copy and social trading.
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Oanda
CFD/FX Choose Oanda if you want a CFD/forex broker with no minimum deposit and a choice of trading platforms.
Stocks Choose Oanda if you want a share dealing service with no minimum deposit, retirement accounts and a choice of trading platforms.
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.Other popular comparisons
Below are other head-to-head comparisons that include eToro or Oanda, each scored with the same data and method as this page.
