TD Direct Investing vs OANDA 2026: Which Broker is Better?
Compare TD Direct Investing and OANDA side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
TD Direct Investing
OANDA
| TD Direct Investing | OANDA | |
|---|---|---|
| BrokerRank Score | 2.9/5 | 4.3/5 ✓ |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:5 | 1:50 ✓ |
| Regulation | IIROC, CIPF | CFTC, FCA, ASIC ✓ |
| Platforms | Proprietary Web, Proprietary Mobile, WebBroker | MT4, Proprietary Web, Proprietary Mobile |
OANDA is the better choice overall, scoring 4.3/5 vs 2.9/5 on BrokerRank's independent rating. On fees, TD Direct Investing offers lower spreads (0 pips).
See full side-by-side comparison belowTD Direct Investing vs OANDA: Key Differences
TD Direct Investing
OANDA
WinnerStill deciding between TD Direct Investing and OANDA?
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Fees Comparison
TD Direct Investing
OANDA
BrokerRank Verdict
TD Direct Investing scores 2.92/5 while OANDA scores 4.34/5 in our independent rating.
OANDA edges ahead overall, but TD Direct Investing may suit traders who prioritise different features. Read our full reviews for a detailed breakdown. Scores are based on our transparent methodology.
Who Should Choose Which?
TD Direct Investing
2.9/5
Choose TD Direct Investing if you want…
- Tighter spreads (from 0 pips)
- More established (est. 1984)
- More platforms (4 supported)
OANDA
4.3/5
Choose OANDA if you want…
- Higher overall rating (4.3/5)
- No per-trade commission
- Higher leverage (up to 1:50)
- More regulatory licences (7)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both TD Direct Investing & OANDA are available in
Frequently Asked Questions
1Is TD Direct Investing better than OANDA?
OANDA scores higher overall on our independent rating system. TD Direct Investing holds a 2.9/5 rating vs OANDA's 4.3/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, TD Direct Investing or OANDA?
TD Direct Investing offers spreads from 0 pips, while OANDA starts at 0.6 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for TD Direct Investing vs OANDA?
TD Direct Investing requires a minimum deposit of $0. OANDA requires $0.
4Which broker is safer, TD Direct Investing or OANDA?
TD Direct Investing is regulated by IIROC, CIPF, while OANDA holds licences from CFTC, FCA, ASIC, MAS, CIRO, BVI FSC, KNF.
5What trading platforms do TD Direct Investing and OANDA support?
TD Direct Investing supports Proprietary Web, Proprietary Mobile, WebBroker, TD Advanced Dashboard. OANDA supports MT4, Proprietary Web, Proprietary Mobile.
6Can I use both TD Direct Investing and OANDA?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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