E*TRADE
OANDA
VS
Higher Rated
OANDA
Capital at risk · T&Cs apply
E*TRADE and OANDA serve distinct types of traders, reflecting their specialised offerings and market focus. E*TRADE, with a rating of 3.6/5, primarily caters to equity and options traders in the US, providing zero-commission stock and ETF trading alongside a robust options platform. In contrast, OANDA, rated 4.09/5, appeals to forex and CFD traders, offering a broader international reach with regulation in seven jurisdictions and the flexibility of both MT4 and proprietary platforms. While E*TRADE excels in stock and options trading backed by Morgan Stanley, OANDA offers a comprehensive forex experience with historical data access and no minimum deposit requirement.
E*TRADE
OANDA
| E*TRADE | OANDA | |
|---|---|---|
| BrokerRank Score | 3.6/5 | 4.1/5 ✓ |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:4 | 1:50 ✓ |
| Regulation | SEC, CFTC | FCA, CFTC, ASIC ✓ |
| Platforms | Proprietary Web, Proprietary Mobile | MT4, Proprietary Web, Proprietary Mobile |
OANDA is the better choice overall, scoring 4.1/5 vs 3.6/5 on BrokerRank's independent rating. On fees, E*TRADE offers lower spreads (0 pips).
See full side-by-side comparison belowE*TRADE
OANDA
WinnerE*TRADE
Lower feesOANDA
E*TRADE
3.6/5
Choose E*TRADE if you want…
OANDA
4.1/5
Choose OANDA if you want…
OANDA scores higher overall on our independent rating system. E*TRADE holds a 3.6/5 rating vs OANDA's 4.1/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
E*TRADE offers spreads from 0 pips, while OANDA starts at 0.6 pips. Check the fees section above for a full breakdown.
E*TRADE requires a minimum deposit of $0. OANDA requires $0.
E*TRADE is regulated by SEC, CFTC, while OANDA holds licences from FCA, CFTC, ASIC, MAS.
E*TRADE supports Proprietary Web, Proprietary Mobile. OANDA supports MT4, Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across 345 brokers
58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.