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eToro vs OANDA 2026

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025
  Fact Checked

In this head to head comparison of eToro vs OANDA, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

eToro
5/5 Stars Overall
  • Minimum Deposit: $50-$10,000
  • Trust Score: 97
  • Tradeable Symbols (Total): 7441
OANDA
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 92
  • Tradeable Symbols (Total): 4172 info

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.

Regulation

eToro vs OANDA: regulation and trust at a glance. eToro was founded in 2007, while OANDA dates back to 1996. eToro is publicly traded and OANDA is privately held; neither is a bank. Based on ForexBrokers.com’s Trust Score (out of 99), eToro scores 97 and OANDA 92—both fall in the 90–99 range, which is considered highly trusted.

License coverage differs. eToro holds 4 Tier-1 licenses (highly trusted) and 1 Tier-2 license (trusted). OANDA holds 7 Tier-1 licenses and 0 Tier-2 licenses. In short, OANDA has more top-tier regulatory approvals, while eToro combines four Tier-1 authorities with one Tier-2 and a public listing, giving both brokers strong safety profiles for everyday traders.

Feature eToro logoeToro
OANDA logoOANDA
Year Founded info 2007 1996
Publicly Traded (Listed) info Yes No
Bank info No No
Tier-1 Licenses info 4 7
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1

Fees

When it comes to commissions and fees, eToro and OANDA both earn 4 out of 5 stars, but they appeal to different types of traders. eToro is ranked #22 out of 36 brokers for Commissions and Fees, while OANDA is ranked #30 out of 36. eToro is a market-maker broker with a typical variable spread of 1 pip on EUR/USD, which is a bit higher than the industry average, so it is usually chosen more for its social copy trading features than for low-cost spreads.

OANDA’s pricing is generally higher than the best low-cost brokers, with default EUR/USD spreads averaging 1.61 pips in July 2024. Its core pricing can lower spreads, but it adds a commission of $5 per $100,000 traded per side, and requires a $10,000 minimum deposit. Even after the commission is included, core pricing may offer a slightly better all-in cost than the standard account, but OANDA is still not usually considered a discount broker.

In simple terms, eToro may be the better fit if you want a trading platform with social and copy trading tools, while OANDA may appeal more to active forex traders who value execution options, micro-lot trading, and rebate programs. Neither broker stands out as the cheapest choice overall, but both offer different fee structures that may suit different trading styles.

Feature eToro logoeToro
OANDA logoOANDA
Minimum Deposit info $50-$10,000 $0
Average spread (EUR/USD) - Standard account info 1 1.68 info
All-in Cost EUR/USD - Active info 1 1.69 info
Non-wire bank transfer info Yes Yes info
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

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Range of investments

When it comes to range of investments, eToro and OANDA both give traders access to forex, U.S. and international stocks, copy trading, and both real and CFD cryptocurrency trading. Each broker also offers forex trading, so users can choose between these markets depending on their goals and experience level. If you want a platform that covers many popular asset types in one place, both brokers fit that need.

Where eToro stands out is in its overall selection size, with 7,441 tradeable symbols compared with OANDA’s 4,172. eToro also offers 65 tradeable forex pairs, while OANDA lists 69, giving OANDA a slight edge in forex pair variety. Still, eToro earns a higher Range of Investments score at 5 stars versus OANDA’s 4.5 stars, and it ranks #10 out of 36 brokers in this category, ahead of OANDA’s #20 ranking.

Feature eToro logoeToro
OANDA logoOANDA
Forex Trading (Spot or CFDs) info Yes Yes info
Tradeable Symbols (Total) info 7441 4172 info
Forex Pairs (Total) info 65 69
U.S. Stocks (Shares) info Yes Yes
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info Yes Yes info
Cryptocurrency (Underlying) info Yes Yes
Cryptocurrency (CFDs) info Yes Yes info
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.

Trading platforms and tools

When comparing eToro vs OANDA for trading platforms and tools, both brokers give traders a free demo account, a web-based platform, and their own in-house platform. Each also supports copy trading and lets users trade directly from charts, which can make placing orders feel more straightforward for beginners and active traders alike. In Trading Platforms and Tools, eToro is rated 4.5 out of 5 stars and ranks #8 out of 36 brokers at ForexBrokers.com, while OANDA is rated 4 out of 5 stars and ranks #16.

The biggest difference is on desktop and third-party platform support. OANDA offers a Windows desktop trading platform plus MetaTrader 4 and MetaTrader 5, giving it more options for traders who want extra charting and platform flexibility. eToro does not offer a Windows download platform, MT4, or MT5, but it still stands out for its easy-to-use web platform and copy trading features, making it a strong choice for traders who want a simpler setup.

Feature eToro logoeToro
OANDA logoOANDA
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info No Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes info
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes info
Charting - Indicators / Studies (Total) info 106 89
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

Both eToro and OANDA offer mobile trading apps for iPhone and Android, along with stock and forex price alerts, so either broker makes it easy to trade and track markets on the go. Both apps also let users draw trendlines on charts. Where eToro stands out is watchlist syncing: changes made in the mobile app and online account stay matched, which can be helpful if you switch between devices often. eToro also offers 104 technical studies in its mobile charting tools, compared with 30 at OANDA.

OANDA has the edge in a few key mobile app areas. Its app auto-saves chart drawings, while eToro does not, which can save time if you frequently mark up charts. OANDA also earns a higher mobile trading apps rating at 5 stars, compared with eToro’s 4.5 stars, and it ranks #7 out of 36 brokers in the Mobile Trading Apps category versus eToro’s #10. Overall, eToro is better for charting depth and watchlist syncing, while OANDA is a stronger pick for saved chart work and slightly higher app ratings.

Feature eToro logoeToro
OANDA logoOANDA
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 104 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info No Yes

Dive deeper: Best Forex Trading Apps.

Market research

When it comes to market research, both eToro and OANDA give traders useful daily market commentary, forex news from major sources like Bloomberg and Reuters, a sentiment tool that shows long versus short positioning, and an economic calendar for tracking important global events. eToro also stands out with market research from TipRanks, which OANDA does not offer. However, OANDA has an edge with Autochartist tools for technical and fundamental analysis, while neither broker includes Trading Central or Acuity Trading tools.

Overall, OANDA has the stronger research setup, earning 5 stars and a #4 ranking out of 36 brokers for the Research category on ForexBrokers.com. eToro still performs well with 4.5 stars and a #12 ranking, making it a solid choice for traders who want a mix of news, commentary, and sentiment tools, especially with the added benefit of TipRanks.

Feature eToro logoeToro
OANDA logoOANDA
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central info No No
Client sentiment data info Yes Yes
TipRanks info Yes No
Acuity Trading info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When it comes to beginner learning tools, both eToro and OANDA give new traders plenty to work with. Each broker offers forex and CFDs education with at least 10 helpful learning pieces, plus online educational webinars every month. They also both provide at least 10 beginner videos and 10 advanced videos, so users can start with the basics and move on to more detailed trading topics as their skills grow. In simple terms, either platform can help a beginner learn the fundamentals of trading.

That said, there is a difference in how each broker is rated and ranked for education. eToro earns 4.5 out of 5 stars and ranks #3 out of 36 brokers for the Education category, while OANDA receives a full 5 stars but ranks #18. For beginners comparing online broker education, eToro stands out more in the overall ranking, while OANDA scores slightly higher in star rating. Both are strong choices, but eToro may be the better pick if you want a broker with a top-tier education ranking.

Feature eToro logoeToro
OANDA logoOANDA
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that eToro is better than OANDA. eToro finished with an overall rank of #9, while OANDA finished with an overall rank of #13.

eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.

Feature eToro logoeToro
OANDA logoOANDA
Overall Rating info 5/5 Stars 4.5/5 Stars
Trust Score info 97 92
Range of Investments 5/5 Stars 4.5/5 Stars
Trading Fees 4/5 Stars 4/5 Stars
Trading Platforms 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 5/5 Stars
Mobile Trading 4.5/5 Stars 5/5 Stars
Education 5/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with eToro or OANDA?

eToro vs OANDA: both online brokers let you buy actual (delivered) cryptocurrency and trade cryptocurrency CFDs, giving traders flexibility to own coins outright or speculate via derivatives on either platform.

What funding options does each broker offer?

In the eToro vs OANDA comparison, both brokers support ACH/SEPA, PayPal, Skrill, and bank wire deposits and withdrawals, while Visa/Mastercard availability is not specified.

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Overall Rating eToro OANDA
Overall Rating info 5/5 Stars 4.5/5 Stars
Trading Fees 4/5 Stars 4/5 Stars
Range of Investments 5/5 Stars 4.5/5 Stars
Trading Platforms 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 5/5 Stars
Research 4.5/5 Stars 5/5 Stars
Education 5/5 Stars 4/5 Stars
Trust Score info 97 92
Winner check_circle
Review eToro Review OANDA Review
Broker Screenshots eToro OANDA
Broker Gallery (click to expand) info
eToro mobile watchlist eToro web trading platform cryptocurrency watchlist eToro Digest & Invest podcast. eToro academy courses beginners.
OANDA fxTrade mobile trading app charting OANDA Trade web platform. OANDA's website features research in the form of its MarketPulse blog, which includes news, analysis, and articles. The OANDA website's educational hub features webinars and videos covering current events and financial analysis.
Regulation eToro OANDA
Trust Score info 97 92
Year Founded info 2007 1996
Publicly Traded (Listed) info Yes No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 4 7
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) eToro OANDA
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info No Yes
Hong Kong (SFC Authorised) info No No
Japan (FSA Authorised) info No Yes
Singapore (MAS Authorised) info Yes Yes
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info No Yes
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) eToro OANDA
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA, FSRA, or CMA Authorised) info Yes info No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments eToro OANDA
Forex Trading (Spot or CFDs) info Yes Yes info
Tradeable Symbols (Total) info 7441 4172 info
Forex Pairs (Total) info 65 69
U.S. Stocks (Shares) info Yes Yes
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info Yes Yes info
Cryptocurrency (Underlying) info Yes Yes
Cryptocurrency (CFDs) info Yes Yes info
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 eToro OANDA
Average spread (EUR/USD) - Standard account info 1 1.68 info
All-in Cost EUR/USD - Active info 1 1.69 info
Inactivity Fee info Yes Yes
Order execution: Agency info Yes No
Order execution: Market Maker info Yes Yes
Funding eToro OANDA
Minimum Deposit info $50-$10,000 $0
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info Yes Yes info
Trading Platforms eToro OANDA
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info No Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes info
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes info
cTrader info No No
Trading Tools eToro OANDA
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 106 89
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading eToro OANDA
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 104 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info No Yes
Mobile Research - Economic Calendar info No Yes
Research eToro OANDA
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central info No No
TipRanks info Yes No
Client sentiment data info Yes Yes
Economic Calendar info Yes Yes
Education eToro OANDA
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Major Forex Pairs eToro OANDA
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review eToro Review OANDA Review
Overall eToro OANDA
Overall Rating info 5/5 Stars 4.5/5 Stars
Trading Fees 4/5 Stars 4/5 Stars
Range of Investments 5/5 Stars 4.5/5 Stars
Trading Platforms 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 5/5 Stars
Research 4.5/5 Stars 5/5 Stars
Education 5/5 Stars 4/5 Stars
Trust Score info 97 92
Winner check_circle
Review eToro Review OANDA Review
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