Empower vs OANDA

Empower is a free advanced tools plus hybrid advisory service for people with over $100k in investments. How does it compare to OANDA? Read our comparison chart below.

	Empower	OANDA

	Visit Site	Visit Site
	SPECIAL OFFER Join Empower For Free - Learn More Read Empower Review	SPECIAL OFFER Earn Cash Rebates of up to $17 per Million - Learn More Read OANDA Review
	Benefits and Features
Stock Trading		No
Options Trading		No
Annual Fee	Investment Account: $0; Wealth Management:0.89% for first $1 million, 0.79% for first $3 million, next $2 million 0.69%, next $5 million, 0.59%, and 0.49% over $10 million
Minimum Deposit	$100,000	$0
Mutual Fund Trading		No
Commission Free ETFs		Not available
Phone Support	Yes
Live Chat Support	No	Yes
Email Support	Yes
Human Advisors	Yes
Robo Advisor
Assets Under Management	$1.6 Trillion
Minimum Investment	Investment Account: $0; Wealth Management: $100,000
Penny Stocks		Not available
Tax Loss Harvesting	Yes
Goal Tracker	Yes
Automatic Deposits	Yes
Broker Assisted Trades		Not available
Inactivity Fee		$10/month
Maintenance Fee		None
Online Platform	Yes	Yes
iPhone App	Yes
Android App	Yes
Banking		No
Mobile App	iOS & Android	Yes
Desktop App		Yes (fxTrade)
Forex Trading		Yes
Futures Trading		No
Bond Trading		No
CFD Trading		Yes (CFD trading is not permitted in the US)
Currency Trading		Yes
Customer Service		Local number +1 212 858 7690; Toll-free number 1 877 OANDA FX (1 877 626 3239) Sunday 4PM ET to Friday 6PM ET
Locations		Online only
Online Community		Yes
Seminars		Yes
Trading Platform		OANDA Web, OANDA Mobile, TradingVIew, MetaTrader4
Virtual Trading		Yes
Investment Tracking
Single Stock Diversification	Yes
Fractional Shares	No
Taxable Accounts	Yes
401k Plans	Yes
IRA Accounts	Yes
Roth IRA Accounts	Yes
SEP IRA Accounts	Yes
Trust Accounts	Yes
529 Plans	Yes
	CreditDonkey® Reviews

Human Advisors
Robo Advisor
Price
Goal Tracker
Budgeting
Customer Service
Ease of Use
Investment Tracking
Retirement Planning
Spread
Mobile App
Education
Forex Trading
Trading Platform
Trustworthy
Pros & Cons	Pros: Retirement planner Free portfolio advice Robo plus human advisors Cons: $100,000 min for advisory service Higher fees than competitors	Pros: $0 minimum Exceptional customer service User-friendly platform Cons: Only 1:50 leverage Slow withdrawal processing Incomprehensive educational videos
Bottom Line	Free advanced tools plus hybrid advisory service for people with over $100k in investments... Read full review	Regulated forex broker with no minimum deposit... Read full review
	Visit Site	Visit Site
	Join Empower For Free Free Money Management Tools Why Choose Empower over Quicken	Earn Cash Rebates of up to $17 per Million Reduce Trading Cost by Up to 34% with Cash Rebates Open a Forex Account
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Empower: Pricing information from published website as of 04/30/2020 OANDA: Information sourced from the published website as of 04/22/2024. Empower: Empower Personal Wealth, LLC (“EPW”) compensates CREDITDONKEY INC for new leads. CREDITDONKEY INC is not an investment client of Personal Capital Advisors Corporation or Empower Advisory Group, LLC. OANDA: OANDA Corporation is regulated by the CFTC/NFA. OANDA is a member Firm of the NFA (Member ID: 0325821). CFDs are not available to residents in the United States. Affiliate receives a commission for accounts opened through the link on this page OANDA CORPORATION IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS Trading in digital assets, including cryptocurrencies, is especially risky and is only for individuals with a high risk tolerance and the financial ability to sustain losses. OANDA Corporation is not party to any transactions in digital assets and does not custody digital assets on your behalf. All digital asset transactions occur on the Paxos Trust Company exchange. Any positions in digital assets are custodied solely with Paxos and held in an account in your name outside of OANDA Corporation. Digital assets held with Paxos are not protected by SIPC. Paxos is not an NFA member and is not subject to the NFA's regulatory oversight and examinations. Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks.

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Why Choose Empower over Quicken

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