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Head to head

eToro vs OANDA

eToro is licensed by CySEC in the European Union; FCA in the United Kingdom; ASIC in Australia and FSRA (ADGM) in Abu Dhabi (ADGM), UAE, and also has an offshore registration. OANDA is licensed by CFTC / NFA in the United States, FCA in the United Kingdom, KNF in the European Union, CIRO in Canada, ASIC in Australia, MAS in Singapore and JFSA in Japan, and also has an offshore registration. The licence that applies to you depends on where you live, so check which company you would contract with before comparing anything else.

Minimum deposits start at $10 at eToro and $0 at OANDA. Both offer negative balance protection and segregated client money.

Facts last checked: eToro on 20 October 2026, OANDA on 20 October 2026.

eToro profileOANDA profile
Broker 1
Broker 2
Broker 3

Monthly cost uses the account chosen in each slot: cost per lot × your lots. Swap and other fees are extra. The lowest monthly cost is highlighted only as a fact about cost, not as a recommendation.

Broker
eToroStrictly regulatedRead the profile
OANDAStrictly regulatedRead the profile
Comparing
eToroEuropean Union
OANDAUnited States

Overview

Founded
Not yet checked
Not yet checked
Headquarters
Not yet checked
Not yet checked
Official websites
  • etoro.com
  • oanda.com
  • oanda.sg
Facts last checked
20 October 2026
20 October 2026

Regulation and protection

Company you would contract with
eToro (Europe) Ltd
OANDA Corporation
Regulator
CySEC
European Union
CFTC / NFA
United States
Regulation level
Strictly regulated
Strictly regulated
Licence number
109/10
Check the register
NFA ID 0325821
Check the register
Clients this company serves
Residents of EU and EEA countries
US residents (retail forex; registered futures commission merchant and retail foreign exchange dealer)
All licences held
  • CySEC (European Union)
  • FCA (United Kingdom)
  • ASIC (Australia)
  • FSRA (ADGM) (Abu Dhabi (ADGM), UAE)
  • FSA Seychelles (Seychelles)
  • CFTC / NFA (United States)
  • FCA (United Kingdom)
  • KNF (European Union)
  • CIRO (Canada)
  • ASIC (Australia)
  • MAS (Singapore)
  • JFSA (Japan)
  • FSC (BVI) (British Virgin Islands)
Segregated client money
Yes
Yes
Negative balance protection
Yes
Yes
Compensation scheme
FSCS up to £85,000 (UK); ICF up to €20,000 (Cyprus); none we know of for the Abu Dhabi or Seychelles companies
FSCS (UK, OANDA Europe Limited clients); CIPF (Canada); other countries have their own schemes or none

Costs

Your monthly cost
No accounts listed
No accounts listed
Cost per lot (EUR/USD)
No accounts listed
No accounts listed
Spread from
No accounts listed
No accounts listed
Typical EUR/USD spread
No accounts listed
No accounts listed
Commission per lot (round turn)
No accounts listed
No accounts listed
Typical GBP/USD spread
Not yet checked
Not yet checked
Typical USD/JPY spread
Not yet checked
Not yet checked
Typical XAU/USD spread
Not yet checked
Not yet checked
Swap-free account
Not yet checked
Not yet checked

Leverage and margin

Maximum retail leverage
1:30 on major pairs (UK, EU, Australia)
1:30 on major currency pairs (UK and EU retail clients); other companies set their own limits
Retail leverage by asset class
  • Major currency pairs (UK: 1:30
  • Non-major currency pairs: 1:20
  • Major currency pairs: 1:30
  • Other currency pairs: 1:20
  • Other commodities and non-major indices: 1:10
  • Share CFDs: 1:5
Margin call level
Not yet checked
Not yet checked
Stop-out level
Not yet checked
Not yet checked

Account

Minimum deposit (this account)
No accounts listed
No accounts listed
Base currencies
No accounts listed
No accounts listed
Execution
No accounts listed
No accounts listed

Platforms and features

Platforms
  • eToro web platform
  • eToro mobile app
  • OANDA Trade web
  • OANDA Trade mobile app
  • MetaTrader 4
  • MetaTrader 5
  • TradingView
Markets
Currency, index and commodity CFDs alongside stocks, ETFs and crypto (this profile covers CFDs only)
Currency pairs, indices, commodities, metals, bonds, shares and ETFs as CFDs and spread bets (UK)
Demo account
Yes
Not yet checked
Copy trading
Yes
Not yet checked
Expert advisors (automated trading)
No
Yes
News trading allowed
Not yet checked
Not yet checked
Guaranteed stops
Not yet checked
Yes

Deposits and withdrawals

Deposit methods
Not yet checked
  • Debit or credit card
  • Bank transfer
Withdrawal fee
$5 on withdrawals from a USD account; none from GBP, EUR or DKK local-currency accounts
No deposit or withdrawal fees from OANDA (UK); your bank may charge
Inactivity fee
None since 28 May 2026, according to eToro's help centre
Monthly fee after 12 months without trading, capped at £20 a month per client (UK)

Support

Customer support
Not yet checked
Not yet checked

Our notes

Strengths
  • Licensed by CySEC, the FCA and ASIC, with retail negative balance protection in those regions
  • Copy trading built into the platform, with the same account used for CFDs, stocks and crypto
  • Low first deposit in some countries ($10 in the UK)
  • Licensed by strict regulators in the US, UK, EU, Canada, Australia, Singapore and Japan
  • No minimum account balance and no deposit or withdrawal fees on the UK site
  • Guaranteed stop-loss orders available in the UK (for a fee)
Watch out for
  • eToro's website could not be loaded during our check on 2026-10-20; the cost details on this page come from eToro's own fee and help pages read through a search tool, so confirm them on etoro.com before you trade.
  • eToro now prices CFDs as the market spread plus an opening and closing spread fee charged as a percentage (0.005% per trade on EUR/USD), which is harder to compare with pip-based spreads.
  • Deposits and withdrawals that need a currency conversion carry a conversion fee, and USD withdrawals cost $5
  • MetaTrader is not offered; you can only trade on eToro's own platform
  • Clients outside the countries with a local OANDA company may be placed with OANDA Global Markets Ltd, which holds only an offshore licence from the BVI FSC
  • UK inactivity fee after 12 months without trading, up to £20 a month
  • The NFA's BASIC record for OANDA Corporation lists past NFA and CFTC regulatory actions; read them there before you open a US account

Risk warnings

The buttons to a broker’s website above the table are partner links: we may earn a commission if you open an account through them. That never changes the facts shown here. Trading leveraged products such as forex and CFDs carries a high risk of losing money rapidly, and most retail accounts lose money. Each broker’s own warning:

  • OANDA: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Open this comparison in the full tool to share a link with your own accounts and companies chosen.

Other head-to-head pages

Cost per lot is the typical EUR/USD spread in busy hours × $10, plus any round-turn commission, for one standard lot. “Not yet checked” means we have not confirmed that fact yet. This page compares facts; it does not rank the brokers or recommend either. Confirm costs and licences on each broker’s site and the regulator’s public register before opening an account: see how we review brokers and check a broker yourself.

Nothing on this page is financial advice. Read the full disclaimer.

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