Freetrade
OANDA
VS
Higher Rated
OANDA
Capital at risk · T&Cs apply
In the realm of online trading, Freetrade and OANDA cater to distinct trader profiles, offering varied financial products and platforms. Freetrade, headquartered in London and founded in 2016, is ideal for UK-based investors seeking commission-free trading in stocks and ETFs, with a user-friendly mobile app but limited global market access. Conversely, OANDA, established in 1996 and based in New York, appeals to forex and CFD traders with its robust regulatory framework across multiple jurisdictions and offers sophisticated trading tools, though it lacks support for MT5. The choice between these two brokers largely depends on whether an investor prioritises stock trading simplicity or comprehensive forex and CFD opportunities.
Freetrade
OANDA
| Freetrade | OANDA | |
|---|---|---|
| BrokerRank Score | 3.0/5 | 4.1/5 ✓ |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:1 | 1:50 ✓ |
| Regulation | FCA | FCA, CFTC, ASIC ✓ |
| Platforms | Proprietary Mobile | MT4, Proprietary Web, Proprietary Mobile |
OANDA is the better choice overall, scoring 4.1/5 vs 3.0/5 on BrokerRank's independent rating. On fees, Freetrade offers lower spreads (0 pips).
See full side-by-side comparison belowFreetrade
OANDA
WinnerFreetrade
Lower feesOANDA
Freetrade
3.0/5
Choose Freetrade if you want…
OANDA
4.1/5
Choose OANDA if you want…
OANDA scores higher overall on our independent rating system. Freetrade holds a 3.0/5 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.
Freetrade offers spreads from 0 pips, while OANDA starts at 0.6 pips. Check the fees section above for a full breakdown.
Freetrade requires a minimum deposit of $0. OANDA requires $0.
Freetrade is regulated by FCA, while OANDA holds licences from FCA, CFTC, ASIC, MAS.
Freetrade supports 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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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.