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Oanda vs TD Ameritrade - Fees Review included

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Which broker is better Oanda or TD Ameritrade? Our expert assessment conducted according to TU’s own methodology showed that Oanda is one of the top brokers in the financial market with the TU Overall Score of 6.8 out of 10. TD Ameritrade is one of the top brokers in the financial market with the TU Overall Score of 6.14 out of 10. Find out more about TU Overall Score.

Feature Oanda TD Ameritrade

Overall

4.4

4.7

Regulation

5

4.9

Fees

4.5

4.9

Trading Assets

3.5

4.7

Investment Instruments

4.1

4.1

Platforms and Charting Tools

4.8

5

Deposit and Withdrawal

4.2

4.1

Research

4.7

4.6

Education

4.5

4.3

Support

4.8

4.5

Bonuses

4.6

4.3

Oanda review

TD Ameritrade review

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Oanda vs TD Ameritrade: Pros and Cons

Olsen & Associates, also known as OANDA, is a US-registered company set up to offer a plethora of financial services to clients around the world. Its history goes as far back as 1996, and it is now under regulation in four jurisdictions. The broker has licenses from different regulators, of which the United Kingdom Financial Conduct Authority (FCA) is the major one.

TD Ameritrade is an American broker that provides top-notch online services for trading and investing in securities on the OTC markets. The company was founded in 1975 under the name First Omaha Securities. It was reimagined as an online broker in 1998. TD Ameritrade is a member of FINRA and SIPC and currently serves over 11 million client accounts. The broker offers simple pricing, high-tech trading platforms with professional analytics, and a wide range of markets and investment products. TD Ameritrade was named Best Online Broker 2020 by StockBrokers.com and ranked first in the Platforms & Tools, Beginners, Education, and Customer Service categories.

Oanda TD Ameritrade
Overall Pros Regulated by a range of reputable financial bodies One of the biggest international brokers
Real-time news and fundamental analysis tools The broker offers high-tech author's terminals that work from desktop or mobile device
localized and multilingual phone support Huge choice of available markets and trading instruments, clients have open access to the securities market, OTC, derivatives trading, and legal work with Forex instruments
User-friendly platform for new forex traders The company does not charge fees for trading in American and Canadian stocks, options, and ETFs
Outstanding research tools Low margin rates
Financial information publicly available The broker's regulators are FINRA, SEC and SIPC, which guarantee the protection of client funds and their return in the event of TD Ameritrade's bankruptcy or other default
High educational value through written content and videos
Orders get executed with no requotes S
Deposit minimum as low as $1
Overall Cons No programs offering bonus A high entry threshold has been set for margin trading and investment in managed portfolios
Slow withdrawal of funds

Oanda vs TD Ameritrade: Safety and Regulation

Oanda TD Ameritrade

Max. Regulation Level

Tier-1

Tier-1

Investor protection

£85,000 SGD 75,000 $500,000

$500,000

FCA UK Regulation

Yes

No

FINRA (U.S)

No

Yes

BaFin (Germany)

No

No

ASIC (Australia)

Yes

No

CFTC (U.S)

Yes

Yes

MAS

Yes

No

FSCA SA

No

No

BVI FSC

Yes

No

VFSC

No

No

FSA (Seychelles)

No

No

Oanda vs TD Ameritrade: Trading Conditions

Trading Conditions Oanda TD Ameritrade

Minimum Deposit

No minimum deposit

$1

Trading Platforms

MT4, OANDA, TradingView

Classic web platform, NextGen web platform, TD Ameritrade Mobile, Thinkorswim (web, desktop, mobile)

Max Leverage (Futures)

1-50

1:2

Supported Markets

Forex, CFDs (not for all entetities): Forex, Indexes, Commodities, Metals, Bonds, Cryptocurrencies

Stocks, Forex, ETFs, Mutual Funds, Bonds, Stock options, Commodity Futures, Currency futures, Cryptocurrencies, Hedge funds

Trading assets

120+

18000+

Trading Accounts

Standard, Core, and Swap-free

Paper Account (Demo), Standard (Cash, Cash and Margin, Cash and Option, Cash, Margin and Option), Retirement (Traditional IRA, Roth IRA, Rollover IRA), Education (529 Plan, Coverdell), Specialty, Managed Portfolios

Base Account Currencies

USD, EUR, HKD, SGD

USD

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Oanda vs TD Ameritrade: Fees

Oanda TD Ameritrade

Standard acc. spread EUR/USD, min pips

0,1

0,2

Standard acc. spread EUR/USD, max pips

0,5

0,4

ECN Commission

3,5

2,5

ECN Spread EUR/USD

0,15

0,12

Deposit fee, %

No

No

Withdrawal fee, %

No

No

Withdrawal fee, USD

0-15

0-10

Inactivity fee, $

No

20

A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.

Oanda vs TD Ameritrade: Trading Assets

Asset Name Oanda TD Ameritrade

Overall

120+trading assets

10000+

Forex

Yes

Yes

Stocks

No

Yes

Metals

Yes (CFD)

Yes

Cryptocurrencies

Yes (CFD)

Yes

Energy

Yes (CFD)

Yes

Indices

Yes (CFD)

Yes

ETFs

No

Yes

Bonds

No

Yes

Mutual funds

No

Yes

Stock options

No

Yes

Futures Trading

No

Yes

Binary Options

No

Yes

Oanda or TD Ameritrade: Investment Programs

Asset Name Oanda TD Ameritrade

Copy Trading

Yes

No

MAM/PAMM

No

No

Managed Accounts

No

Yes

Other

No

Retirement plans, Bonds, Hedge Funds, Collateral Lending Program

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Trading Platforms: TD Ameritrade or Oanda

Oanda TD Ameritrade

MT4

Yes

No

MT5

Yes

No

cTrader

No

No

Appropriate platform

Oanda

Classic web platform, NextGen web platform, TD Ameritrade Mobile, Thinkorswim (web, desktop, mobile)

Others

No

No

Oanda review

TD Ameritrade review

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Oanda vs TD Ameritrade: Deposit and Withdrawal Methods

Oanda TD Ameritrade

Bank Wire

Yes

Yes

Bank Card

Yes

Yes

Neteller

Yes

Yes

BTC

Yes

Yes

Wise

No

No

Payoneer

No

No

USDT

No

No

Oanda vs TD Ameritrade: Research

Research Type Oanda TD Ameritrade

News Feed

Yes

Yes

Fundamental Data

Yes

Yes

Chart Analysis

Yes

Yes

Trading Ideas

Yes

No

E-Mail Reports

Yes

Yes

Oanda vs TD Ameritrade: Education

Education Type Oanda TD Ameritrade

Demo-account/Paper Trading

Yes

Yes

Webinars

Yes

Yes

Articles

Yes

Yes

Videos

Yes

Yes

Cent account

Yes

No

TD Ameritrade vs Oanda: Support

Support Features Oanda TD Ameritrade

Working Days

24/5

24/7

E-mail

Yes

Yes

Phone

Yes

yes

Online chat

Yes

Yes

Other

No

FB Messenger, teletype, fax

Oanda vs TD Ameritrade: Forex Bonuses and Promo

Promo Oanda TD Ameritrade

Forex Bonus

Yes (Not for all countries)

Welcome bonus. When opening a brokerage account using the referral link of an existing client and making a deposit of $50,000, the new client receives from $150 to $1,000 on the balance. The exact amount of the bonus depends on the amount deposited.

Affiliate Program

Yes

Referral program. A partner receives $50 for each attracted client who deposited $3,000 within 90 days from the date of opening an account. A partner can link a maximum of 10 friends and family members per day, but no more than 50 referrals per month. Not only a partner but also a referral can get from 150 to $1,000 to the account if they top it up with $50,000 or more. The offer is not available for individual retirement accounts (IRA) or for other accounts that are not taxed.

Other Promos

Rebates and commission markdowns

Oanda review

TD Ameritrade review

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Top 5 Reviews on TD Ameritrade

  • Thinkorswim

    HengleyMl

    16.05.2023

    Comment

    In Thinkorswim by TD Ameritrade, money is hard to withdraw. I read reviews about Thinkorswim, there are a lot of real complaints about non-output. So I'm not the only one who was thrown in this office. I do not recommend anyone to trade here.

  • TD Ameritrade

    Enzopab

    23.01.2023

    Comment

    After 3 years, I decided to give TD Ameritrade a second chance, but nothing has changed here. As there were problems with the withdrawal of money, they remained, the commissions only increased. In general, there will be no quality trade here.

  • TD Ameritrade

    katexy69

    08.12.2022

    Comment

    I have been trading for real since 2021 with them. Everything suited. In November, I decided to withdraw part of the funds. In general, December is in the yard, but there is no money. Gentlemen, draw your own conclusions.

  • Thinkorswim

    Kennethdar

    24.08.2022

    Comment

    18.08.2022 made an application, every day for some reason for which funds cannot be transferred. Since 23.08.2022, support has stopped responding altogether. if I had read the comments before, I would never have invested in this pyramid.

  • Thinkorswim

    AnthonymilA

    11.06.2022

    Comment

    Big problem with withdrawals. Three weeks have passed since the withdrawal order was issued, the money is hanging on the deposit, appeals remain unanswered.

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Top 5 Reviews on Oanda

  • OANDA

    basavarajmangasuli126@gmail.com

    25.06.2025

    Comment

    I considered Oanda as a platform for portfolio diversification. What attracted me was its stability — the broker has been operating since 1996 and is regulated in four jurisdictions. Liquidity is provided by major banks, including JPMorgan and Deutsche Bank, which adds confidence in order execution without slippage.

  • OANDA

    niaazhossain100@gmail.com

    11.06.2025

    Comment

    The Oanda platform offers a solid range of instruments, including currency pairs, cryptocurrencies, metals, indices, and commodities. The minimum order size starts from 0.01 lots, and spreads for major pairs begin at 0 pips. These are favorable conditions for traders using intraday or scalping strategies.

  • OANDA

    shubhansh.st@gmail.com

    12.05.2025

    Comment

    When choosing a broker, I paid close attention to leverage. OANDA offers up to 1:200, which provides enough flexibility for active trading. You can trade on MetaTrader 4, 5, as well as the proprietary fxTrade platform. The stop-out level is fixed at 50%, which is in line with industry standards.

  • OANDA

    6260504@anuban101.ac.th

    25.02.2025

    Comment

    The conditions at OANDA are average, so I can give this broker a decent rating.

  • OANDA

    zafrul

    24.04.2024

    Comment

    I can describe OANDA as one of the most proper brokers on the currency market. It works quickly, there are no failures, and no market movements have a significant impact on it. I'm safe here.

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FAQs

What should I start Forex trading with?

It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.

What amount should I start trading with?

The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.

What should I take into consideration when choosing a broker?

Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.

Is it possible to be scammed by a broker with a license from a reputable regulator?

In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.

Team that worked on the article

Mikhail Vnuchkov
Author at Traders Union

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.