Avatrade vs Oanda

 

AvaTrade vs Oanda – a Detailed Side-by-Side Comparison of two Highly regulated and trusted Forex Brokers in South Africa.

 

 

 

AvaTrade vs Oanda – a Key Point Quick Overview

 

1. ☑️ AvaTrade Quick Overview
2. ☑️ Oanda Quick Overview
3. ☑️ Overall Broker Comparison
4. ☑️ Regulation Comparison
5. ☑️ Assets Comparison
6. ☑️ Fees Comparison
7. ☑️ Deposit Options Comparison
8. ☑️ Trading Platforms Comparison
9. ☑️ Analytical Tools Comparison
10. ☑️ Educational Resources Comparison
11. ☑️ In Conclusion
12. ☑️ Our Findings
13. ☑️ Frequently Asked Questions

 

 

AvaTrade Quick Overview

 

AvaTrade has risen to prominence as a leading online Forex and CFD broker. The company’s success stems from its consistent dedication to providing the kind of online shopping experience that customers seek. AvaTrade is subject to strict restrictions and possesses various licenses, which the broker believes is part of their purpose to enable consumers to trade with confidence.

The firm’s primary focus is on satisfying its customers, therefore it caters its offerings to the specific needs of each trader, regardless of that trader’s level of expertise.

The broker offers a variety of services, including a multilingual help center and website that are accessible at all hours, as well as dedicated account managers, an innovative user interface, and a strict “Safety of Funds” policy.

Trade globally recognized commodities, equities, Forex pairs, cryptocurrencies, and more with the click of a mouse. One of AvaTradeGO’s standout features is AvaProtect. Thanks to AvaPRotect, which also gives you a protected trading window in which you can’t lose your position, you won’t have to worry about it.

 

 

Oanda Quick Overview

 

Due to its numerous useful features, including its straightforward mobile app, low trading charges, zero minimum deposit requirement, and comprehensive teaching materials, OANDA has earned a stellar reputation in South Africa.

With the flexibility to import their own settings and preferences, traders who utilize third-party platforms like MT4 and MT5 can benefit greatly from considering a broker move. There are also thousands of plugins and utilities available for use with the MetaTrader platforms.

OANDA offers a variety of trading tools, including Autochartist, MT4 Premium Tools, and a Trading Performance Portal. OANDA is a wonderful option for novice traders because of its comprehensive educational resources for traders of all experience levels.

 

 

Overall Broker Comparison

 

 

 

Regulation Comparison

 

 

Our Findings

 

AvaTrade is subject to oversight by several regulatory organizations, including the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Financial Sector Conduct Authority (FSCA) in South Africa.

The broker safeguards the clients’ money by not allowing any of their accounts to go into the red and storing all client monies in individual bank accounts.

While Oanda is a well-regulated broker that operates under the auspices of both the FCA and ASIC. Local traders will be signed up with the Virgin Islands division, and are not offered regulatory oversight or negative balance protection.

 

 

Assets Comparison

 

 

Our Findings

 

AvaTrade provides access to 55 currency pairs, while Oanda offers slightly more with 71 asset pairs. Both brokers offer the same selection of major currency pairs so that Oanda will offer traders a greater variety of minors and exotics.

 

 

Fees Comparison

 

 

Our Findings

 

AvaTrade offers exceptionally competitive pricing, with tight spreads that average at 0.9 pips for the EUR/USD currency pair. Oanda offers far wider spreads of 1.26 pips for the same currency pair.

Additionally, AvaTrade does not charge a commission on any assets traded, while Oanda does charge a commission on certain assets.

 

 

Deposit Options Comparison

 

 

Our Findings

 

When compared Oanda is best in class with additional deposit options. However, both brokers offer highly trusted deposit options, including PayPal and MasterCard.

 

 

Trading Platforms Comparison

 

 

Our Findings

 

AvaTrade gives access to a wide selection of trading platforms, one of which is the award-winning AvaTradeGo mobile application. AvaTrade provides access to the entire suite of MetaQuotes trading platforms, consisting of MT4 and MT5, in addition to providing access to other copy trading platforms, such as DupliTrade and ZuluTrade.

Oanda also provides access to a comprehensive version of MT4, as well as MT5, which is designed for more advanced traders. Traders will also have access to Oanda’s proprietary mobile trading app.

 

 

Analytical Tools Comparison

 

 

Our Findings

 

When compared, Analytical Tools on offer from AvaTrade and Oanda are similar. Moreover, AvaTrade provides access to Trading Central, whereas Oanda steps in with AutoChartist.

 

 

Educational Resources Comparison

 

 

Our Findings

 

When compared, Educational tools on offer from AvaTrade and Oanda are neck in neck. Both brokers offer Webinars, Beginner, and, Advanced trading resources.

 

 

In Conclusion

 

AvaTrade and Oanda have proven to be excellent Broker choices with impressive all-round offerings. Moreover, it is suited to all levels of Traders in South Africa.

 

 

Our Findings

 

While comparing AvaTrade and Oanda we have found that each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Selecting the Best Forex Broker will depend on a trader’s individual trading needs.

 

You might also like: AvaTrade Review

You might also like: Oanda Review

 

Frequently Asked Questions

 

Do these brokers both offer MetaTrader?

 

Yes, both AvaTrade and Oanda offer full support for both MetaTrader 4 and MetaTrader 5.

 

Is it safe to trade with AvaTrade?

 

AvaTrade is a highly regulated broker that offers a trading environment that is free of risk and separates the money belonging to their clients so that it is held in accounts at major financial institutions.

 

Is it safe to trade with Oanda?

 

Oanda is considered a risk-free broker that is regulated by both the FCA and ASIC, two of the most reputable regulatory agencies in the business.