Firstrade
OANDA
VS
Higher Rated
OANDA
Capital at risk · T&Cs apply
In the realm of online brokerage, Firstrade and OANDA cater to distinctly different types of traders. Firstrade, with a rating of 3.41/5, is ideal for those focused on stocks and ETFs, offering zero commissions and no minimum deposit, which appeals to cost-conscious investors and beginners. In contrast, OANDA, rated 4.09/5, specialises in forex and CFD trading, supporting sophisticated traders with its advanced platforms and extensive regulatory oversight across seven jurisdictions. While Firstrade excels in simplicity and accessibility, OANDA provides a more comprehensive range for those interested in currency and commodity markets.
Firstrade
OANDA
| Firstrade | OANDA | |
|---|---|---|
| BrokerRank Score | 3.4/5 | 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 3.4/5 on BrokerRank's independent rating. On fees, Firstrade offers lower spreads (0 pips).
See full side-by-side comparison belowFirstrade
OANDA
WinnerFirstrade
Lower feesOANDA
Firstrade
3.4/5
Choose Firstrade if you want…
OANDA
4.1/5
Choose OANDA if you want…
OANDA scores higher overall on our independent rating system. Firstrade holds a 3.4/5 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.
Firstrade offers spreads from 0 pips, while OANDA starts at 0.6 pips. Check the fees section above for a full breakdown.
Firstrade requires a minimum deposit of $0. OANDA requires $0.
Firstrade is regulated by SEC, CFTC, while OANDA holds licences from FCA, CFTC, ASIC, MAS.
Firstrade 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
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76% of Brokers Use Proprietary Platforms
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.