eToro vs OANDA
Can't decide between eToro and OANDA? We've put both brokers head-to-head. Compare their spreads, regulation, platforms, and fees below.
Last updated: May 10, 2026
Executive Summary
eToro and OANDA are both well-established forex brokers, but they serve different types of traders. eToro scores 92/100 in our TrustMetrics™ system, while OANDA leads with 96/100.
On pricing, eToro offers tighter EUR/USD spreads (1 pips vs 1.2 pips). eToro supports eToro Custom Platform while OANDA offers OANDA Trade, MT4, TradingView, giving OANDA more platform options.
For regulation, eToro holds licenses from FCA, ASIC, CySEC, FinCEN while OANDA is regulated by CFTC, FCA, ASIC, CIRO. Both brokers offer segregated client funds and are considered safe for retail trading.
The Verdicts
Most Trusted
OANDA scores higher in our TrustMetrics system (96/100) compared to eToro (92/100), making it the safer choice.
Lowest Spreads
eToro offers better pricing with an average EUR/USD spread of 1 pips, beating the 1.2 pip average of its competitor.
Best for Beginners
With a lower minimum deposit requirement of $0, OANDA is the more accessible option for new traders.
Detailed Comparison
| Feature | eToro | OANDA |
|---|---|---|
| Trust Score | 92/100 | 96/100 |
| Spreads From | 1.0 pips | 1.0 pips |
| Avg EUR/USD Spread | 1 pips | 1.2 pips |
| Commission | $0 | $0 |
| Execution Speed | 50ms | 30ms |
| Max Leverage | 1:30 | 1:50 |
| Minimum Deposit | $100 | $0 |
| Instruments | 3,000+ | 120+ |
| Account Types | Retail, Professional | Standard, Advanced Trader, Premium |
| Platforms | eToro Custom Platform | OANDA Trade, MT4, TradingView |
| Top Regulators | FCA, ASIC, CySEC, FinCEN | CFTC, FCA, ASIC, CIRO |
| Withdrawal Speed | 2-5 business days | 1-3 business days |
| Inactivity Fee | $10 per month (after 12 months) | $10 per month (after 12 months) |
| Customer Support | 24/5 Live Chat, Ticketing System | 24/5 Live Chat, Email |
Which Broker Should You Choose?
eChoose eToro if...
- ✓You are a beginner and value education and simplicity
- ✓Maximum regulatory protection is your top priority
- ✓You value copy trading and social trading
OChoose OANDA if...
- ✓You want to start with a very low minimum deposit
- ✓You want to trade directly from TradingView charts
- ✓Maximum regulatory protection is your top priority
eToro Pros & Cons
Pros
- ✓ Incredible CopyTrader feature allows you to auto-copy top investors
- ✓ Commission-free real stock and ETF investing
- ✓ Extremely intuitive, user-friendly mobile app
- ✓ Huge community for social sentiment and discussion
Cons
- × High forex spreads (EUR/USD starts at 1.0 pips)
- × $5 flat withdrawal fee
- × No MetaTrader or advanced charting software
- × Account currency is exclusively in USD (conversion fees apply)
OANDA Pros & Cons
Pros
- ✓ Accepts US clients and is heavily regulated globally
- ✓ No minimum deposit requirement
- ✓ Native TradingView integration
- ✓ Advanced charting and elite market analysis
Cons
- × Smaller product catalog compared to IG or CMC Markets
- × Spreads on the standard account are relatively high
- × No MT5 platform
The Bottom Line: eToro vs OANDA
- ✓ Copy Trading
- ✓ Social Trading
- ✓ Crypto Investing
- ✓ Passive Income
- ✓ Tighter EUR/USD spreads (1 pips)
- ✓ US Traders
- ✓ API Trading
- ✓ No Minimum Deposit
- ✓ TradingView
- ✓ No minimum deposit
Both brokers are featured in our top broker rankings. Your choice should depend on your specific trading style, preferred platform, and geographical location.
Frequently Asked Questions
Which is safer: eToro or OANDA?
OANDA scores higher in our TrustMetrics system (96/100) compared to eToro (92/100), making it the safer choice.
Who has lower spreads: eToro or OANDA?
eToro offers better pricing with an average EUR/USD spread of 1 pips, beating the 1.2 pip average of its competitor.
Which has a lower minimum deposit: eToro or OANDA?
With a lower minimum deposit requirement of $0, OANDA is the more accessible option for new traders.
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