Binance vs Oanda
Binance or Oanda – which is better for UK traders 2024? Compare Binance and Oanda in this detailed breakdown of their platforms, features and fees.
Binance | Oanda |
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Binance is ranked #83 among crypto brokers. | Oanda is ranked #86 among CFD brokers. |
Binance is being sued by the SEC for a range of securities violations, including the commingling of client funds and 'wash trading' against its customers to artificially increase crypto prices. Your funds may be at risk if you trade with Binance. We do not recommend making any deposits.
Binance is one of the best-known crypto exchanges. The company is available in more than 180 countries with over 120 million registered customers. The platform offers a suite of crypto trading products, from staking and NFTs to derivatives. |
OANDA is an award-winning global broker, established in 1996. The hugely respected brand offers competitive trading accounts and serves clients from 196 countries. It remains a popular option with both beginners and experienced traders thanks to its user-friendly and sophisticated web platform, no minimum deposit and premium currency products and services. The company is also overseen by reputable regulators, including the FCA, ASIC and CIRO. |
Pros | |
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Cons | |
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Awards | |
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FCA Regulated | |
No | Yes |
Instruments | |
Cryptos | CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, ETFs, Spread Betting |
Demo Account | |
No | Yes |
Minimum Deposit | |
$0 | $0 |
Payment Methods | |
Minimum Trade | |
$10 | 0.01 Lots |
Regulator | |
FCA, ASIC, KNF, MAS, CIRO, FFAJ, BVI | |
Mobile Apps | |
Yes | OANDA Trade, MT4 |
iOS App Rating | |
Android App Rating | |
Margin Trading | |
Yes | Yes |
Margin Rate | |
2% | |
MetaTrader 4 | |
No | Yes |
MetaTrader 5 | |
No | No |
cTrader | |
No | No |
AlgoTrader | |
Yes | No |
OmniTrader | |
No | No |
TradingView | |
No | Yes |
Autochartist | |
No | Yes |
eSignal | |
No | No |
Trading Central | |
No | No |
STP Account | |
No | No |
ECN Account | |
No | No |
DMA Account | |
No | No |
MAM Account | |
No | No |
PAMM Account | |
No | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
No | No |
Negative Balance Protection | |
No | Yes |
Market Maker | |
No | Yes |
P2P Trading | |
Yes | No |
Spot Trading | |
Yes | Yes |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader | |
Copy Trading | |
No | No |
Social Trading | |
No | No |
VPS Hosting | |
No | No |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | Yes |
Inactivity Fee | |
$10 | |
Islamic Account | |
No | No |
Account Currencies | |
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Commodities | |
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CFD | |
You can speculate on popular financial assets covering forex, commodities, indices, metals and bonds. You can get started with $0 minimum deposit, making the broker a good pick for beginners. There’s also over 130 technical indicators available collectively in the MT4 and OANDA Trade platforms. | |
Leverage | |
1:30 | |
FTSE Spread | |
1.0 | |
GBPUSD Spread< | |
1.4 | |
Oil Spread | |
3.0 | |
Stocks Spread | |
12 (Apple Inc) | |
Forex | |
OANDA offers 68 currency pairs, which is above the industry average. You can speculate on majors, minors and exotics, with spreads from 0.8 pips on popular pairs. There are no commissions and leverage is available up to 1:200. Average execution speeds are fast based on tests, at 12 milliseconds. | |
Assets | |
68 | |
GBPUSD Spread | |
1.4 | |
EURUSD Spread | |
0.8 | |
EURGBP Spread | |
0.9 | |
Cryptocurrency | |
Binance is one of the world's largest crypto exchanges. There is a vast range of products available including Binance Pool, Staking and an NFT Marketplace. | OANDA offers trading on leading cryptocurrencies, including Bitcoin. You can place trades in the app hassle-free and practice in the unlimited demo account. The broker offers guaranteed stop-loss orders to help protect you against crypto market volatility. |
Spread | |
Variable fees with account tiers | $100 |
Coins | |
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Crypto Lending | |
Yes | No |
Crypto Mining | |
No | No |
Crypto Staking | |
Yes | No |
Auto Market Maker | |
No | No |
Binance | Oanda |
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