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OANDA vs TradeStation

OANDA is a regulated forex broker with no minimum deposit . How does it compare to TradeStation? Read our comparison chart below.

 TradeStation
 Learn MoreVisit Site
 

OANDA

TradeStation

SPECIAL OFFER
Earn Cash Rebates of up to $17 per Million - Learn More

Read OANDA Review

SPECIAL OFFER
50% Off Futures Brokerage Fees for New Customers with Code FUTRAFZT - Learn More

 

Benefits and Features

Stock Trading
No
$0 commission
Options Trading
No
$0 Commission + $0.60 per contract
Annual Fee 
None
Cryptocurrency TradingYes (0.25% fee, minimum fee of US$0.01)No
(all trading and withdrawals in TradeStation Crypto accounts are permanently suspended effective 02/22/2024 5PM ET)
Minimum Deposit
$0
$0
Mutual Fund Trading
No
$14.95 per transaction
Commission Free ETFs
Not available
more than 2,000 ETFs
Phone Support 800.822.0512 U.S. (toll-free) | 954.652.7900 U.S. (direct)
Monday - Friday, 8AM - 5PM ET
Live Chat Support
Yes
Yes (Monday - Friday, 8AM - 5PM ET)
Email Support 
Yes (Sales@TradeStation.com)
Human Advisors 
Yes
Robo Advisor 
No
Penny Stocks
Not available
Yes
Tax Loss Harvesting 
No
Goal Tracker 
No
Automatic Deposits 
No
Broker Assisted Trades
Not available
$25
Good For 
Day Traders
Inactivity Fee
$10/month
$10/month
Maintenance Fee
None
$0
Online Platform
Yes
Yes
iPhone App 
Yes (4.5 stars, 17.3K ratings)
Android App 
Yes (4.4 stars, 5.98K ratings)
Banking
No
No
Mobile App
Yes
Yes
Desktop App
Yes (fxTrade)
Yes
Two-Factor Authentication Auth0 Guardian app, SMS, or Google Authenticator app
Forex Trading
Yes
Yes (not available in TradeStation US)
Futures Trading
No
Yes
Bond Trading
No
Yes
CFD Trading
Yes
Yes (CFD trading is not permitted in the US.)
Currency Trading
Yes
Yes (not available in TradeStation US)
Customer ServiceLocal number +1 212 858 7690;
Toll-free number 1 877 OANDA FX (1 877 626 3239)
Sunday 4PM ET to Friday 6PM ET
Monday – Friday, 8:00 a.m. – 5:00 p.m. ET
  • Live Chat
  • Phone Support: 800.822.0512 U.S. (toll-free) | 954.652.7900 U.S. (direct)
  • Email: Sales@TradeStation.com
Locations
Online only
Online only
Online Community
Yes
Yes
Seminars
Yes
Yes
Trading PlatformOANDA Web, OANDA Mobile, TradingVIew, MetaTrader4Desktop, Web Trading, Mobile Apps, FuturesPlus, TS Crypto
Virtual Trading
Yes
Yes
Fractional Shares 
No
Taxable Accounts 
Yes
401k Plans 
No
IRA Accounts 
Yes
Roth IRA Accounts 
Yes
SEP IRA Accounts 
Yes
Trust Accounts 
Yes
529 Plans 
No
 

CreditDonkey® Reviews

 TradeStation
SpreadStarStarStarStarEmpty Star
Mobile AppStarStarStarStarEmpty Star
Customer ServiceStarStarStarStarStar
Ease of UseStarStarStarStarEmpty Star
EducationStarStarStarEmpty StarEmpty Star
Forex TradingStarStarStarStarHalf Star
Trading PlatformStarStarStarStarHalf Star
TrustworthyStarStarStarStarStar
Pros & ConsPros:
  • $0 minimum
  • Exceptional customer service
  • User-friendly platform
Cons:
  • Only 1:50 leverage
  • Slow withdrawal processing
  • Incomprehensive educational videos
Bottom LineRegulated forex broker with no minimum deposit... Read full review
 Learn MoreVisit Site

Earn Cash Rebates of up to $17 per Million

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

OANDA: Information sourced from the published website as of 04/22/2024.

TradeStation

Invest and Earn Up to $3,500

Enroll your new or existing TradeStation account in this offer by using promo code TSTVAGFD on your new account application, requesting to enroll via telephone or with a TradeStation Representative, or completing the enrollment form. Within 45 days of account enrollment, fund your account with at least $5,000. Maintain at least $5,000 in your account for 270 calendar days. New assets will be aggregated during the 45-calendar day period following the enrollment date to determine the amount of your cash offer.

New AssetsCash Bonus
$5,000 - $24,999$150
$25,000 – $99,999$300
$100,000 – $249,999$500
$250,000 – $499,999$1,000
$500,000 – $999,999$2,000
$1,000,000 or more$3,500

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing OANDA or Robinhood.


Articles on OANDA

OANDA Review

OANDA is one of the leading forex and CFD trading providers. But what does it offer? Read on to discover how OANDA elevates your trading journey.

OANDA Spreads

OANDA is one of the world's top forex brokers. But does it have competitive spreads? Read on to find out.

OANDA Withdrawal

Trading is no fun if you can't withdraw your earnings. So how do you withdraw funds at OANDA? Read on to find out.

OANDA Minimum Deposit

OANDA is a suitable forex broker for traders of all levels. Wondering if it has a minimum deposit requirement? Read on to find out.

OANDA Approval Time

OANDA is one of the world's most reputable forex brokers. But how long does it take to get your account approved? Read on to find out.

OANDA vs FOREX.com

OANDA and FOREX.com are both highly regulated and trusted forex brokers. But one of them is a better option. Which one?

Which Do You Think is Best?





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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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