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OANDA vs Robinhood

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

 OANDARobinhood
 Visit SiteVisit Site
 

OANDA

Robinhood

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

Read OANDA Review

OFFER
Get a Free Stock (worth between $5 and $200) - Learn More

Read Robinhood Review

 

Benefits and Features

Stock Trading
No
$0
Options Trading
No
$0
Annual Fee 
Starts at $0
Cryptocurrency Trading 
$0
Minimum Deposit
$0
$0
Mutual Fund Trading
No
No
Commission Free ETFs
Not available
All U.S. listed ETFs
Phone Support 
650-761-7789 (available 24/7)
Live Chat Support
Yes
Available 24/7 (requires sign in)
Email Support 
Yes
Human Advisors 
No
Robo Advisor 
No
Assets Under Management 
$102 Billion
Penny Stocks
Not available
Yes
Tax Loss Harvesting 
No
Goal Tracker 
No
Automatic Deposits 
Yes
Broker Assisted Trades
Not available
Not available
Good For 
Beginners; Active traders
Inactivity Fee
$10/month
$0
Maintenance Fee
None
$0
Online Platform
Yes
Yes
iPhone App 
Yes (4.2 stars, 4.3M ratings)
Android App 
Yes (4.1 stars, 483k ratings)
Banking
No
Offers Robinhood spending account with Robinhood Cash Card issued by Sutton Bank
Mobile App
Yes
iOS & Android
Desktop App
Yes (fxTrade)
None
Two-Factor Authentication Device approvals, Authenticator app, SMS
Forex Trading
Yes
No
Futures Trading
No
No
Bond Trading
No
No
CFD TradingYes (CFD trading is not permitted in the US)
No
Currency Trading
Yes
No
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		Live Chat (24 hours via Robinhood app)
Phone: 650-761-7789 (available 24/7)
Email: support@robinhood.com
Locations
Online only
No
Online Community
Yes
No
Seminars
Yes
Yes
Trading PlatformOANDA Web, OANDA Mobile, TradingVIew, MetaTrader4
Web Trading, Mobile Apps
Virtual Trading
Yes
No
Fractional Shares 
Yes
Taxable Accounts 
Yes
401k Plans 
No
IRA Accounts 
Yes
Roth IRA Accounts 
Yes
SEP IRA Accounts 
No
Trust Accounts 
No
529 Plans 
No
 

CreditDonkey® Reviews

 OANDARobinhood
SpreadStarStarStarStarEmpty Star
Mobile AppStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Customer ServiceStarStarStarStarStarStarStarStarStarEmpty Star
Ease of UseStarStarStarStarEmpty StarStarStarStarStarStar
EducationStarStarStarEmpty StarEmpty Star
Forex TradingStarStarStarStarHalf Star
Trading PlatformStarStarStarStarHalf Star
TrustworthyStarStarStarStarStar
Stock TradingStarStarStarStarStar
Options TradingStarStarStarStarEmpty Star
Minimum DepositStarStarStarStarStar
Commissions and FeesStarStarStarStarStar
ResearchStarEmpty StarEmpty StarEmpty StarEmpty Star
Pros & ConsPros:
  • $0 minimum
  • Exceptional customer service
  • User-friendly platform
Cons:
  • Only 1:50 leverage
  • Slow withdrawal processing
  • Incomprehensive educational videos
Pros:
  • Commission-free stock trades
  • No minimum
  • Extended trading hours
Cons:
  • Limited research
  • No mutual funds & bonds
Bottom LineRegulated forex broker with no minimum deposit... Read full reviewFree way to trade stocks with limited bells and whistles... Read full review
 Visit SiteVisit Site

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.

Robinhood: Pricing information from published websites as of 01/25/2025.

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.

Robinhood

Get a Free Stock (worth between $5 and $200)

Get a Free Stock

Limitations apply

Robinhood

3% Match on IRA with Robinhood Gold

Get 3% Match

Earn 3% IRA match on all eligible contributions with Robinhood Gold. Terms and conditions apply. This is a limited-time offer.

Robinhood

Robinhood Gold: 3.50% APY on Idle Cash

Learn More
  • 3.50% APY on idle cash - earn while you sleep
  • Your money is FDIC-insured up to $2.5M at partner banks. No cap on earnings, withdraw or invest you money at any time.
Robinhood is not a bank. Robinhood Gold is offered through Robinhood Financial LLC and is a membership offering premium services available for a fee.

Which is Better: OANDA or Robinhood?

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

In short: OANDA's customer service is outstanding. Robinhood's ease of use is impressive.

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?

Articles on Robinhood

Robinhood Review

Robinhood lets you trade stocks commission-free and has no account minimums. Is it safe? Are there hidden fees? Read on for the pros and cons.

Robinhood Alternatives

Robinhood is one of the top stock trading apps in the US, but it might not be for you. If you're looking for another broker to try, read on.

Is Robinhood Gold Worth It

Robinhood Gold's premium features can help you make the most of your money, but is it really time to upgrade? Read on to find out.

Robinhood Free Stock

Robinhood offers a promo to get up to $1,700 in your first year. But how does it work, and is it worth your time?

Robinhood 24/7 Trading

Unfortunately, Robinhood doesn't offer 24/7 trading. Luckily, it comes close: 24/5. Does it fit you and your trading style?

Robinhood vs Fidelity vs Vanguard

Robinhood, Fidelity, and Vanguard are great options if you're looking for an investment platform to grow your money. But which one is right for you?

Robinhood vs Public vs Webull

Robinhood, Public, and Webull are all great options for growing your money. But which one will suit you the most?

Fidelity vs Robinhood

Robinhood, Webull, Fidelity - three big investing platforms, but which is best for you? Find out in this detailed comparison guide.

Robinhood IRA Review

Robinhood offers some of the most unique IRAs on the market. But are they any good? Read on to find out.

Is Robinhood Safe

Are you worried about the safety of your investments? Let's examine the security features of Robinhood to determine if it's a reliable choice. Read on.

How Does Robinhood Make Money

Robinhood earns money through payment for order flow, interest rates, and subscriptions. Learn how these factors contribute to Robinhood's success.

Which Do You Think is Best?




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