Trade Nation vs Oanda Broker Comparison

Are you trying to figure out which is a better broker, Trade Nation or Oanda? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that Trade Nation is the better of the two. Trade Nation offers 2,500 instruments, licenses from FCA, FSCA, ASIC, SCB, FSP, and fair trading fees.

In the tables below, you can compare the features of Trade Nation and Oanda 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 Trade Nation higher than Oanda.

Rating
91/100
90/100
Min. Deposit
0$
Regulated By
FCAFCA
FSCAFSCA
ASICASIC
FCAFCA
ASICASIC
FSA(SVG)FSA(SVG)
Bonus
No Information
No Information
Min. Spread
1.5
0
Max. Leverage
1:200
1:200
Currency Pairs
33
45
Trading Instruments
2,500
126
Trading Platforms
MT4, WebTrader
MT4, mobile, WebTrader
Deposit Methods
Bank Transfer, Debit cards, Credit Cards, Skrill
Bank wire, Visa, Mastercard, Skrill, Neteller and others
Type of Brokers
Market Maker
Market Maker
Customer Support
24/5
24/7
Language Support
1
4
Established
2014
1990
Used By
10,000+ Traders
100,000 Traders

Does Trade Nation or Oanda 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 Trade Nation and Oanda are, we first considered the common fees on Standard Accounts. At Trade Nation the average spread for the EUR/USD currency pair is 1.5 pips, whilst at Oanda the spread is 0.

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

When it comes to non-trading fees, Trade Nation charges for . Oanda charges for . With this in mind, both brokers offer similar non-trading fees.

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

Trading Fees*

*Based on Standard account type.

Non-Trading Fees

Which broker is safer, Trade Nation or Oanda?

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.

Trade Nation is regulated by FCA, FSCA, ASIC, SCB, FSP and offers client protection. Oanda is regulated by FCA, ASIC, FSA(SVG), NFA, IIROC, MAS and offers client protection.

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

Broker summary

How many trading instruments are available at Trade Nation and Oanda?

Trade Nation provides traders with 2,500 instruments. This includes 33 currency pairs, 0 cryptocurrencies, and 2000+ stocks and shares. With Trade Nation, you can also trade CFDs.

In comparison, Oanda boasts 126 tradable instruments. Oanda offers 45 currency pairs, 0 cryptocurrencies, and 0 stocks and shares. Oanda does not allow CFD trading.

As Oanda has 126 and Trade Nation has 2,500, a difference of 2374, this shows that Oanda offers more opportunities to diversify your trading portfolio.

Markets and Products

Which broker offers the best trading platform, Trade Nation or Oanda?

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.

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

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

Research Tools

Which is better for beginners, Trade Nation or Oanda?

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 Trade Nation is the better broker for beginner traders as it offers a larger range of educational tools and materials. Trade Nation also has a minimum deposit of $.

Educational Features

Which broker is better overall?

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

Trade Nation vs Oanda
Trade Nation
91
Points
Oanda
90
Points
Overall
1 points
Trade Nation
90
Points
Oanda
Points
Commissions & Fees
90 points
Trade Nation
92
Points
Oanda
Points
Licensing & Safety
92 points
Trade Nation
92
Points
Oanda
Points
Trading Platforms & Tools
92 points
Trade Nation
88
Points
Oanda
Points
Payments
88 points
Trade Nation
85
Points
Oanda
Points
Customer Service
85 points
Trade Nation
85
Points
Oanda
Points
Educational
85 points
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