Written by ForexBrokers.com
In this head to head comparison of OANDA vs Earn, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
OANDA, founded in 1996, and Earn, in operation since 1994, are both respected online brokers that are not publicly traded or banks. When considering regulatory credentials, OANDA stands out with seven Tier-1 licenses, indicating a high level of trust and security. In contrast, Earn holds just one Tier-1 license. This difference reflects their respective Trust Scores on ForexBrokers.com, where OANDA's score of 93 categorizes it as highly trusted, while Earn's score of 71 places it in the average-risk category.
For investors prioritizing safety and regulatory reliability, OANDA's seven Tier-1 licenses are a strong testament to its secure standing in the financial market. Earn, though slightly riskier with only a single Tier-1 license, still provides a respectable level of confidence. Both brokers, however, do not hold any Tier-2 licenses, which would offer an additional layer of security as considered by ForexBrokers.com. Ultimately, OANDA's higher trust score may appeal more to those looking for credibility and stability in their trading partner.
| Feature |
OANDA
|
Earn
|
|---|---|---|
| Year Founded | 1996 | 1994 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When considering the commissions and fees associated with online brokers, OANDA and Earn both have their unique characteristics. OANDA is known for generally higher forex trading costs, with its effective spreads being relatively steep compared to top brokers. The broker offers both default and core pricing options, with the core pricing featuring a slightly lower total cost structure due to reduced spreads and a manageable per-side commission fee of $5 per $100,000 traded. On the other hand, Earn lacks available average spread data, which makes direct comparison somewhat challenging.
OANDA’s bid/ask spreads are comparable to brokers like FOREX.com and FxPro but tend to have slightly higher minimum spread costs than those advertising sub-pip spreads. For instance, OANDA's non-core pricing averaged 1.61 pips on the EUR/USD pair in July 2024. By opting for core pricing, traders can access lower spreads with an initial $10,000 deposit, ultimately reducing costs to 1.4 pips inclusive of commissions. Additionally, OANDA offers unique advantages like the ability to trade as low as 1 unit and the opportunity for active traders to earn rebates through its Elite Trader program.
In terms of ratings, both OANDA and Earn are evaluated at 4 stars out of five for their commission and fee structures. However, OANDA ranks higher at #34 among 62 brokers in the Commissions and Fees category on ForexBrokers.com, while Earn holds the #46 position. Despite the steep costs associated with OANDA's services, its reputation for automated execution and transparency in pricing places it ahead in this comparative analysis.
| Feature |
OANDA
|
Earn
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.61 | N/A |
| All-in Cost EUR/USD - Active | 1.61 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Both OANDA and Earn are known for providing forex trading opportunities through CFDs or spot contracts. OANDA stands out with its impressive range of 3,928 tradeable symbols, compared to Earn’s 500, offering traders more diverse options. When it comes to forex pairs, OANDA also takes the lead with 68 available pairs, slightly ahead of Earn’s 61. However, neither broker offers exchange-traded securities on either U.S. or international exchanges.
For traders interested in copy trading, both OANDA and Earn provide this feature, allowing users to mimic the trades of successful investors. Nevertheless, OANDA distinguishes itself by providing the unique option to buy actual cryptocurrencies, in addition to cryptocurrency derivatives. In contrast, Earn only offers derivatives for cryptocurrencies. According to ForexBrokers.com, OANDA is rated 4 stars and ranks 27th for its range of investments, while Earn is slightly lower with a 3.5-star rating, ranking 45th among 62 brokers. This positions OANDA as a more versatile choice for traders seeking a wider variety of investment opportunities.
| Feature |
OANDA
|
Earn
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3928 | 500 |
| Forex Pairs (Total) | 68 | 61 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools of OANDA and Earn, both brokers provide their customers with free virtual demo accounts to hone their trading skills through simulated trading. OANDA offers an in-house proprietary platform, whereas Earn does not, but both brokers supply Windows-based desktop and web-based trading platforms, along with support for popular platforms like MetaTrader 4 and 5. For traders interested in replicating the strategies of others, both OANDA and Earn offer copy trading. However, Earn differentiates itself by supporting ZuluTrade, which OANDA does not offer.
Charting capabilities show a stark contrast between the two brokers, with OANDA providing a significant edge in drawing tools, boasting 431 options compared to Earn's 15. While both allow trading directly from stock charts, and offer comparable watch list configurations with slight differences in fields (6 for OANDA and 7 for Earn), customer ratings and rankings diverge. Both platforms are rated 4 stars for their tools, yet OANDA proudly ranks 15th among 62 brokers, whereas Earn finds itself at a more modest 51st. This positions OANDA as the more preferred choice in terms of platform functionality by ForexBrokers.com evaluations.
| Feature |
OANDA
|
Earn
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 81 | 35 |
| Charting - Drawing Tools (Total) | 431 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both OANDA and Earn offer mobile trading applications that cater to iPhone and Android users, featuring essential capabilities for an effective trading experience. Users of each app can set up stock or forex price alerts and utilize trendline drawing tools on charts. Additionally, these apps support viewing multiple time frames, such as daily, weekly, or intraday, which is crucial for traders who want to analyze market movements across different intervals. While both apps allow for the creation of watchlists with real-time quotes, one limitation is the lack of watchlist symbol syncing, meaning adjustments made in the mobile app do not sync with changes in the online account.
Where the two apps differ is in their charting features. OANDA’s app provides 30 technical studies, while Earn’s app offers slightly more with 35. Both platforms auto-save drawings on charts, ensuring that traders can easily continue their analysis without disruption. Despite their similar functionalities, user ratings set these two apps apart. OANDA received a 5-star rating for its mobile trading capabilities and is ranked #7 by ForexBrokers.com out of 62 brokers. In contrast, Earn received a 4-star rating and is ranked #26. These differences in ratings and rankings may reflect user satisfaction and app performance in the competitive landscape of mobile trading platforms.
| Feature |
OANDA
|
Earn
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 35 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research offerings, OANDA and Earn both provide daily market commentary and forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones. However, OANDA distinguishes itself by offering technical analysis and fundamental research tools from Autochartist, while Earn does not provide access to these tools. Additionally, OANDA features a sentiment-based trading tool that reveals a ratio of long or short positions across currency pairs and other instruments, a service that Earn lacks.
Both brokers provide access to an economic calendar that showcases current and upcoming global news events across various economies. Despite some similarities, OANDA's research capabilities earn it a higher rating of 5 stars compared to Earn's 3.5 stars. This superior performance is also reflected in OANDA’s ranking at number 5 out of 62 brokers in the Research category by ForexBrokers.com, whereas Earn holds the 38th position, indicating a notable difference in their market research strengths.
| Feature |
OANDA
|
Earn
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for forex or CFDs trading, OANDA clearly stands out over Earn. OANDA offers a comprehensive selection of learning materials, including over 10 educational pieces such as articles, videos, and archived webinars focused on forex and CFDs. Unlike Earn, which lacks a similar range of resources, OANDA also hosts online webinars each month and provides access to a searchable archive of previous webinars. Beginners can benefit from more than 10 specifically tailored educational videos offered by OANDA, while Earn does not hold this advantage.
For those seeking advanced learning, OANDA provides over 10 educational videos aimed at experienced traders, a feature Earn does not match. Additionally, OANDA includes an investor dictionary with over 50 trading terms, helping to bridge the knowledge gap for new traders. With an impressive 5-star rating for educational resources, OANDA ranks 22nd among 62 brokers assessed by ForexBrokers.com, while Earn, with its limited offerings, is rated 3.5 stars and stands at 61st place. This comparison underlines OANDA's commitment to equipping traders with the necessary tools for success in the trading world.
| Feature |
OANDA
|
Earn
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that OANDA is better than Earn. OANDA finished with an overall rank of #12, while Earn finished with an overall rank of #50.
A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.
| Feature |
OANDA
|
Earn
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 71 |
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While OANDA provides the capability to purchase both actual delivered cryptocurrency and cryptocurrency derivatives, Earn only allows for the trading of cryptocurrency derivatives, not the actual delivered cryptocurrency.
When comparing online brokers, OANDA stands out by offering a variety of deposit and withdrawal options including ACH or SEPA transfers and PayPal, which are not available with Earn, while both brokers provide facilities for Skrill, Visa or Mastercard, and bank wire transactions.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | OANDA | Earn | |
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| Trust Score | 93 | 71 | |
| Winner | check_circle | ||
| Review | OANDA Review |
| Broker Screenshots | OANDA | Earn | |
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| Regulation | OANDA | Earn | |
|---|---|---|---|
| Trust Score | 93 | 71 | |
| Year Founded | 1996 | 1994 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | OANDA | Earn | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | OANDA | Earn | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | OANDA | Earn | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3928 | 500 | |
| Forex Pairs (Total) | 68 | 61 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | OANDA | Earn | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.61 | N/A | |
| All-in Cost EUR/USD - Active | 1.61 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | OANDA | Earn | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | OANDA | Earn | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | OANDA | Earn | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 81 | 35 | |
| Charting - Drawing Tools (Total) | 431 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | Earn | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 35 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | OANDA | Earn | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | Earn | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | OANDA | Earn | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | OANDA Review |
| Overall | OANDA | Earn | |
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| Trust Score | 93 | 71 | |
| Winner | check_circle | ||
| Review | OANDA Review |
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