eToro vs OANDA

In the table above we compare FX Broker eToro vs FX BrokerOANDA .This is a very important step before starting to trade on the currency markets as by choosing the wrong broker could get you stuck or even put of trading in the currency markets.
Five major things to look out for are:

1. Compare Regulations: eToro vs OANDA
Is Broker OANDA regulated or is Broker OANDA regulated?
Compare eToro vs OANDA and find out who is regulated and where.
In the event eToro or OANDA goes bankrupt, the different regulators can help you recover sums up to 100,000 USD. Obviously this depends on who regulates eToro, and who regulates OANDA

2. Compare Account types: eToro vs OANDA
Every body has different needs, who is looking for an ECN forex account and who is simply looking for a market maker. Compare eToro vs OANDA in the table above and find out what type of accounts do they offer (DMA-STP, ECN-STP, STP, Market maker), what leverage they offer(between 1:100 and 1:2000), do your forex strategies require a Metatrader 4(MT4), do you need a demo account, have you downloaded an EA and would like to test it on eToro’s demo account or OANDA ‘s demo account? Do you neem direct market access or need to access eToro’s API or OANDA’s API?
What initial deposit is eToro asking for and what initial deposit is OANDA asking for?

3. Currency Pairs Offered
Do you trade the usual currency pairs or do you need a greater number of exotic currencies, compare eToro vs OANDA and see who offer more or less currency pairs.

4. Customer Service
One of the most important aspects is eToro’s customer service vs OANDA’s customer service. As if you have an issue you would like to speak or chat to someone immediately.

5. Trading Platform
The trading platform is also extremely important as you will spend a lot of time on eToro’s FX trading platform or OANDA’s currency trading platform. try different platforms top see which one you like, the most popular on the forex market is MT4 or Metatrader 4, but there are many other platforms like Metatrader4 ECN, MT5 or Currenex. Compare eToro vs OANDA and see who offers 4 digits or 5 digits pricing, which of the two allows experts advisors on the MT4.
Not to forget to compare eToro’s fees vs OANDA ‘s fees.
For those that a different style of trading, compare eToro vs OANDA to see who offers, Mirror Trader, ZuluTrade, or Signal Trader

If you would like to trade with your IOs or windows mobile platform compare eToro vs OANDA and see who offers a platform for your apple, android or tablet and where to download the app to FX trade with either eToro or OANDA

For any further questions feel free to comment below. If you would like to leave a review of eToro or review OANDA, feel free to do so too.