OANDA
E*TRADE
VS
Higher Rated
OANDA
Capital at risk · T&Cs apply
Choosing between OANDA and E*TRADE depends on your trading style, preferred markets, and budget. OANDA is headquartered in New York, USA, while E*TRADE operates from Arlington, USA. E*TRADE has the longer track record, established in 1982, compared to OANDA which was founded in 1996. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
OANDA
E*TRADE
| OANDA | E*TRADE | |
|---|---|---|
| BrokerRank Score | 4.1/5 ✓ | 3.6/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0.6 pips | 0 pips ✓ |
| Max Leverage | 1:50 ✓ | 1:4 |
| Regulation | FCA, CFTC, ASIC ✓ | SEC, CFTC |
| Platforms | MT4, Proprietary Web, Proprietary Mobile | 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 belowOANDA
WinnerE*TRADE
OANDA
E*TRADE
Lower feesOANDA holds licences from FCA, CFTC, ASIC. E*TRADE is regulated by SEC, CFTC.
Both brokers offer access to Indices, Commodities markets. OANDA additionally covers Forex, Cfd. E*TRADE adds Stocks.
On spreads, E*TRADE is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at OANDA.
OANDA supports MT4, Proprietary Web, Proprietary Mobile. E*TRADE offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
OANDA requires no minimum deposit, while E*TRADE sets no minimum deposit. This makes OANDA accessible to traders with any budget.
BrokerRank scores OANDA at 4.09/5 and E*TRADE at 3.60/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. OANDA leads overall with a clear advantage.
OANDA
4.1/5
Choose OANDA if you want…
E*TRADE
3.6/5
Choose E*TRADE if you want…
OANDA scores higher overall on our independent rating system. OANDA holds a 4.1/5 rating vs E*TRADE's 3.6/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
OANDA offers spreads from 0.6 pips, while E*TRADE starts at 0 pips. Check the fees section above for a full breakdown.
OANDA requires a minimum deposit of $0. E*TRADE requires $0.
OANDA is regulated by FCA, CFTC, ASIC, MAS, while E*TRADE holds licences from SEC, CFTC.
OANDA supports MT4, Proprietary Web, Proprietary Mobile. E*TRADE supports Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.