Fidelity
OANDA
VS
Higher Rated
OANDA
Capital at risk · T&Cs apply
In this comparison of Fidelity and OANDA, two prominent brokers with distinct offerings, we explore their key differences and target audiences. Fidelity, established in 1946, excels in stock and ETF trading with zero commissions and a focus on US markets, making it ideal for long-term investors seeking comprehensive research tools. In contrast, OANDA appeals to forex and CFD traders with its robust regulatory oversight and flexible trading platforms, though it offers a narrower product range. While Fidelity is suited for investors looking for extensive research and US market access, OANDA caters to traders needing diverse platform support and global regulatory presence.
Fidelity
OANDA
| Fidelity | OANDA | |
|---|---|---|
| BrokerRank Score | 3.6/5 | 4.1/5 ✓ |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:2 | 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, Fidelity offers lower spreads (0 pips).
See full side-by-side comparison belowFidelity
OANDA
WinnerFidelity
Lower feesOANDA
Fidelity
3.6/5
Choose Fidelity if you want…
OANDA
4.1/5
Choose OANDA if you want…
OANDA scores higher overall on our independent rating system. Fidelity 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.
Fidelity offers spreads from 0 pips, while OANDA starts at 0.6 pips. Check the fees section above for a full breakdown.
Fidelity requires a minimum deposit of $0. OANDA requires $0.
Fidelity is regulated by SEC, CFTC, while OANDA holds licences from FCA, CFTC, ASIC, MAS.
Fidelity 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.