Oanda Stock Trading
There are plenty of stock trading platforms on the internet. Nevertheless, given that there are so many financial platforms to choose from, it can be challenging to know which platforms offer stock trading and which ones don't. Moreover, unless you have the time and resources to try every site firsthand, you will be stuck relying on other people and platforms for information. The following is a closer look at stock trading on Oanda.
Oanda CFD Trading Options
Oanda offers access to EUR/USD and EUR/GBP from 0.8 pips and the UK 100 and Germany 30 from 1 point.
Here are some examples:
USD/TRY
USD/MXN
AUD/JPY
AUD/USD
EUR/USD
EUR/GBP
USD/CHF
Oanda also offers indices with US SPX spreads starting from 500 to 0.3 points. On the other hand, the platform also provides the UK with 100 and Germany with 30 from 1 point. Some examples are as follows:
UK 100
US Wall St. 30
Australia 200
China A50
Germany 30
Europe 50
Japan 225
Oanda offers over 70 major and minor forex pairs in terms of forex trading. These pairs include EUR/USD and GBP/USD. Some examples are:
USD/JPY
USD/CAD
EUR/GBP
AUD/JPY
EUR/USD
EUR/GBP
In terms of commodities, Oanda users can take a position on a wide range of hard and soft commodities. They offer competitive spreads, which start at just three points for Brent Crude Oil. Some of the commodities are as follows:
Wheat
Corn
Soybeans
Sugar
Copper
Natural Gas
West Texas Oil
Palladium
If you’re interested in major metals, Oanda’s spreads start from 25 cents per troy ounce for XAU/USD. Here is an example of such instruments:
Gold
Gold/Silver
The platform also offers Bunds, US T-Bonds, and UK 10-year Gilt. Here is an example of the positions you can take on the bond markets:
US T-Bond
Bund
UK 10Y Gilt
US 2Y T-Note
US 5Y T-Note
Oanda Alternatives
Given that Oanda does not have all the capabilities of stock trading platforms, you may want to find alternative platforms. Here is an example of two alternative platforms:
Interactive Brokers
If you are looking for stock trading options, Interactive Brokers is an excellent platform. They offer $0 or low commissions with the help of IB SmartRounding. They also offer the lowest financing rates in the industry.
Offering stocks, options, futures, currencies, funds, and bonds, here is a closer look at the stock trading tool available on this platform:
Bracket orders
Fraction trading
Strategy Builder
Write Options Tools
Rollover Options Tools
Exit Strategy
TWS Layout Library
Bond Search Tool
Allocation Order Tool
eToro
On the other hand, eToro offers stock trading options with zero commission. It allows clients to do the following:
Receive dividends
Own the underlying asset
Choose from over 2000 stocks from 17 stock exchanges
FAQ
What types of tools does Oanda offer investors?
Oanda offers tools such as Advanced Charts, Technical Analysis, Economic Overlay, etc.
How many forex CFDs pairs are offered on Oanda?
Oanda has over 70 forex pairs.
What account features does Oanda offer?
Oanda offers 24-hour support, institution-grade execution, and a host of other platform features.
What types of accounts can you choose from?
Oanda has standard and professional accounts.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.