Bithoven vs Oanda

Bithoven or Oanda – which is better for UK traders 2024? Compare Bithoven and Oanda in this detailed breakdown of their platforms, features and fees.

Bithoven vs Oanda Comparison Table 2024
Bithoven Oanda
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4.3
Bithoven is ranked #83 among crypto brokers. Oanda is ranked #86 among CFD brokers.
Bithoven is a MT5-powered online broker offering leveraged cryptocurrency trading. 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
  • The OANDA Trade web platform serves serious traders, with 100+ technical indicators, an economic overlay and a Dow Jones news feed
  • OANDA recently introduced a prop trading service, OANDA Labs Trader, offering a 75% profit share to skilled traders
  • The guaranteed stop loss order (GSLO) is a useful risk management tool not available at many alternatives
  • There are no restrictions on short-term trading strategies with scalping, hedging and netting permitted
  • OANDA has enhanced its suite of stocks, now providing exposure to over 2,200 US and European shares
  • With 68 forex pairs and access to a premium MT4 upgrade, the broker will serve active forex traders
  • Oversight from tier-one regulators like the FCA and ASIC makes the broker reliable and trustworthy
  • The $0 minimum deposit will appeal to newer traders
  • Spreads are tight and there are zero hidden fees
Cons
  • The range of payment methods trail competitors, only offering a handful vs the 10+ available at alternatives like AvaTrade
  • It's a shame that social and copy trading tools aren't supported for traders who want to explore other ways to trade
  • High-volume traders get limited fee rebates or perks compared to leading brands
  • Weekend customer support and extended hours trading aren't available
Awards
  • Fastest Growing Cryptocurrency Trading Platform 2019, St. Vincent & Grenadines - Global Brands Magazine
  • Best Crypto Start Of The Year 2019 - IAFT Awards
  • Best Trading Tools winner 2021 - Online Personal Wealth Awards
  • Awarded highest overall client satisfaction 2021 - Investment Trends US Leverage Trading Report, Margin Forex
  • Awarded highest client satisfaction for mobile platform/app 2021 - Investment Trends US Leverage Trading Report, Margin Forex
  • Voted Most Popular Broker 2021 - TradingView Broker Awards
  • Voted Best Forex and CFD Broker 2021 - TradingView Broker Awards
FCA Regulated
No

List of FCA Regulated Brokers

Yes
Instruments
Cryptocurrency CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, ETFs, Spread Betting
Demo Account
Yes Yes
Minimum Deposit
$0 $0
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FSA FCA, ASIC, KNF, MAS, CIRO, FFAJ, BVI
Mobile Apps
Yes OANDA Trade, MT4
iOS App Rating
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rating full
4.7
Android App Rating
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rating full
3.7
Margin Trading
No Yes
Margin Rate
2%
MetaTrader 4
No Yes
MetaTrader 5
Yes No
cTrader
No No
AlgoTrader
No 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
No No
Spot Trading
No Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
Yes No
Trade Signals
Yes
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
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • HKD
  • SGD
Commodities
  • Corn
  • Palladium
  • Platinum
  • Copper
  • Wheat
  • Gold
  • Silver
  • Oil
  • Natural Gas
  • Soybeans
  • Sugar
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
Trade with 1:20 leverage on dozens of popular cryptocurrency coins. 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
Floating from zero $100
Coins
  • ADA
  • ABC
  • BNB
  • BTC
  • BTG
  • DASH
  • DOGE
  • EOS
  • ETC
  • ETH
  • LTC
  • MIOTA
  • NEO
  • OMG
  • ONT
  • QTUM
  • TRX
  • USDC
  • USDET
  • VET
  • WAVES
  • XEM
  • XLM
  • XMR
  • XRP
  • XTZ
  • YCC
  • YOYOW
  • ZAP
  • ZEC
  • ZEN
  • ZIL
  • ZPR
  • ZPT
  • ZRC
  • ZRX
  • ZSC
  • BTC
  • ETH
  • LTC
  • BCH
  • PAXG
  • LINK
  • UNI
  • AAVE
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Bithoven Oanda
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