Oanda vs Nadex Broker Comparison

Are you trying to figure out which is a better broker, Oanda or Nadex? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that Nadex is the better of the two. Nadex offers 60+ instruments, licenses from FSA(SVG), CFTC, and fair trading fees.

In the tables below, you can compare the features of Oanda and Nadex side by side, to work out which suits your trading needs best. You can also carry on reading to find out why our experts ranked Nadex higher than Oanda.

Rating
90/100
94/100
Min. Deposit
0$
250$
Regulated By
FCAFCA
ASICASIC
FSA(SVG)FSA(SVG)
FSA(SVG)FSA(SVG)
Bonus
No Information
No Information
Min. Spread
0
0.25
Max. Leverage
1:200
N/A
Currency Pairs
45
10
Trading Instruments
126
60+
Trading Platforms
MT4, mobile, WebTrader
mobile, WebTrader
Deposit Methods
Bank wire, Visa, Mastercard, Skrill, Neteller and others
Bank transfer, Visa, MasterCard, ACH
Type of Brokers
Market Maker
Market Maker
Customer Support
24/7
Trading Hours Only
Language Support
4
1
Established
1990
2009, HQ in Chicago
Used By
100,000 Traders
125,000+ Traders

Does Oanda or Nadex have lower trading costs and fees?

To compare the costs of trading at different brokers, our experts analyze both trading-specific fees, such as spreads, and non-trading fees, such as inactivity charges and payment costs.

To give an overall view of how cheap or expensive Oanda and Nadex are, we first considered the common fees on Standard Accounts. At Oanda the average spread for the EUR/USD currency pair is 0 pips, whilst at Nadex the spread is 0.25.

This shows that Oanda is the better option for low-cost forex trading.

When it comes to non-trading fees, Oanda charges for . Nadex charges for inactivity, withdrawal. With this in mind, Oanda has lower non-trading fees.

When our experts analyzed the specific costs of both brokers, we found that Nadex is the better option.

Trading Fees*

*Based on Standard account type.

Non-Trading Fees

Which broker is safer, Oanda or Nadex?

In order to decide how safe our top-rated brokers are, our experts look at a number of factors. This includes what licenses the broker holds and how reputable those licenses are. We also consider the history of the broker, as a long-standing broker is often more reliable and trustworthy than a newer one.

Oanda is regulated by FCA, ASIC, FSA(SVG), NFA, IIROC, MAS and does not offer client protection. Nadex is regulated by FSA(SVG), CFTC and does not offer client protection.

Considering these two factors, and the general reputation and history of both brokers, we believe that Nadex is the safer broker.

Broker summary

How many trading instruments are available at Oanda and Nadex?

Oanda provides traders with 126 instruments. This includes 45 currency pairs, cryptocurrencies, and stocks and shares. With Oanda, you cannot trade CFDs.

In comparison, Nadex boasts 60+ tradable instruments. Nadex offers 10 currency pairs, 0 cryptocurrencies, and 0 stocks and shares. Nadex does not allow CFD trading.

As both brokers offer the same total number of instruments, both are great choice if you are wishing to diversify your trading portfolio.

Markets and Products

Which broker offers the best trading platform, Oanda or Nadex?

When our experts review a broker, they open their own accounts and place trades via the broker’s trading platform. This allows them to fully evaluate the quality of the platform, how easy it is to use and what features it offers.

Oanda provides you with the ability to trade via 3 trading platforms, and Nadex has 2 trading platforms. Both brokers also offer research and trading tools, however Nadex has more.

Overall, our experts agree that Oanda boasts the better trading platform offering.

Research Tools

Which is better for beginners, Oanda or Nadex?

To decide how well-suited a broker is for beginner traders, our experts look at what educational materials are available, how accessible the minimum deposit limits are, the range of account types and whether or not you can practice trading with a demo account first.

Considering this, our reviews show that Nadex is the better broker for beginner traders as it offers a larger range of educational tools and materials. Nadex also has a minimum deposit of $.

Educational Features

Which broker is better overall?

Overall, our tested reviewing methodology proves that Nadex is the better broker in a range of key areas. You can learn more by reading our Oanda and Nadex reviews.

Oanda vs Nadex
Oanda
90
Points
Nadex
94
Points
Overall
4 points
Oanda
Points
Nadex
95
Points
Commissions & Fees
95 points
Oanda
Points
Nadex
97
Points
Licensing & Safety
97 points
Oanda
Points
Nadex
96
Points
Trading Platforms & Tools
96 points
Oanda
Points
Nadex
93
Points
Payments
93 points
Oanda
Points
Nadex
94
Points
Customer Service
94 points
Oanda
Points
Nadex
98
Points
Educational
98 points
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