Oanda vs Core Spreads

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

Oanda vs Core Spreads Comparison Table 2024

Oanda	Core Spreads
4.3	3.9
Oanda is ranked #86 among CFD brokers.	Core Spreads is ranked #66 among CFD brokers.
Review	Review
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.	Core Spreads is an FCA-licensed broker offering CFD and spread betting opportunities on a proprietary platform or MetaTrader 4. Traders can access more than 1000 instruments, including company shares, commodities, indices and forex. Spread bets have fixed spreads that start from 0.4 with no commission, while CFDs start from 1 pip plus a $1.50 charge per lot.
Pros
The OANDA Trade web platform serves serious traders, with 100+ technical indicators, an economic overlay and a Dow Jones news feed OANDA recently improved its prop trading service, OANDA Labs Prop Trader, offering an 80% 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	Reliable, FCA-regulated broker with FSCS protection and good customer service Strong range of assets with 1000+ stocks and shares and 40 forex pairs MT4 support plus proprietary platform for spread betting Good spreads available on spread betting Demo account on both platforms Free deposits and withdrawals No inactivity fee
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	CFD spreads and charges are more expensive than some competitors Narrow range of CFDs No MetaTrader 5 platform
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	Best Value Forex Broker 2017 - UK Forex Awards
FCA Regulated
Yes	Yes
Instruments
CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, ETFs, Spread Betting	Spread betting, forex, commodities, indices, equities
Demo Account
Yes	Yes
Minimum Deposit
$0	$0
Payment Methods
Credit Cards Debit Card Mastercard Neteller Skrill Trustly Visa Wire Transfer	Credit Cards Mastercard Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
FCA, ASIC, KNF, MAS, CIRO, FFAJ, BVI	FCA
Mobile Apps
OANDA Trade, MT4	Yes (iOS & Android)
iOS App Rating
4.7
Android App Rating
3.7
Margin Trading
Yes	No
Margin Rate
2%
MetaTrader 4
Yes	Yes
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
Yes	No
Autochartist
Yes	No
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
Yes	No
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
Yes	No
Auto Trading
Expert Advisors (EAs) on MetaTrader	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
Yes	No
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	Gold Silver
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.	Core Spreads offers CFD trading on 40 forex pairs plus 13 commodities, including metals and energies, and 13 global stock indices including the UK100 and US30. CFDs are traded through the MT4 platform with leverage up to 1:30 in line with UK regulations.
Leverage
1:30	1:30
FTSE Spread
1.0	1.0
GBPUSD Spread<
1.4	0.6
Oil Spread
3.0	3.5
Stocks Spread
12 (Apple Inc)	Variable
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.	Core Spreads offers trading on 34 forex pairs through spread betting and 40 currencies through CFDs, with both vehicles covering major and minor pairs. Spread betting spreads start from 0.6 for EUR/GBP; CFD spreads are variable and start from 1.2 pips on EUR/GBP.
Assets
68	40
GBPUSD Spread
1.4	1.2
EURUSD Spread
0.8	0.6
EURGBP Spread
0.9	1.2
Cryptocurrency
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
$100
Coins
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
Oanda	Core Spreads
Review	Review
More Comparisons
Oanda vs Select... 4xCube ActivTrades Admiral Markets AdroFX Amega Anzo Capital AvaTrade Axi Axofa AZAforex Baxia Markets Binance Binarycent Bitfinex BitMEX BlackBull Markets Capital.com City Index CloseOption CMC Markets Coinbase Coinexx Coinmama Core Spreads DNA Markets Dukascopy EagleFX easyMarkets Eightcap Errante eToro Exinity EZ Invest FinPros Firstrade Focus Option Forex.com ForexChief Fortrade FP Markets Freetrade Fusion Markets FXCC FXCentrum FXCM FXDD FXOpen FXPrimus FXPro FXTM FXTrading Gemini Global Prime GO Markets GoFX Grand Capital Hantec Markets HYCM IC Markets IG Index INFINOX Ingot Brokers InstaForex Interactive Brokers Interactive Investor IQCent IronFX Just2Trade Kraken KuCoin Kwakol Markets LegacyFX Libertex LonghornFX LQDFX M4Markets Markets.com MultiBank FX Nexo NinjaTrader NordFX OKX OspreyFX Pepperstone Pionex Plus500 Pocket Option PrimeXBT PU Prime Raceoption Revolut RoboForex RoboMarkets Rockfort Markets Sage FX Saxo Scope Markets SimpleFX Spreadex SuperForex Swissquote ThinkMarkets TMGM Trade Nation Trade.com Tradeview Trading212 Uphold Vantage FX Vault Markets Videforex VT Markets Webull World Forex XM XTB ZacksTrade	Core Spreads vs Select... 4xCube ActivTrades Admiral Markets AdroFX Amega Anzo Capital AvaTrade Axi Axofa AZAforex Baxia Markets Binance Binarycent Bitfinex BitMEX BlackBull Markets Capital.com City Index CloseOption CMC Markets Coinbase Coinexx Coinmama DNA Markets Dukascopy EagleFX easyMarkets Eightcap Errante eToro Exinity EZ Invest FinPros Firstrade Focus Option Forex.com ForexChief Fortrade FP Markets Freetrade Fusion Markets FXCC FXCentrum FXCM FXDD FXOpen FXPrimus FXPro FXTM FXTrading Gemini Global Prime GO Markets GoFX Grand Capital Hantec Markets HYCM IC Markets IG Index INFINOX Ingot Brokers InstaForex Interactive Brokers Interactive Investor IQCent IronFX Just2Trade Kraken KuCoin Kwakol Markets LegacyFX Libertex LonghornFX LQDFX M4Markets Markets.com MultiBank FX Nexo NinjaTrader NordFX Oanda OKX OspreyFX Pepperstone Pionex Plus500 Pocket Option PrimeXBT PU Prime Raceoption Revolut RoboForex RoboMarkets Rockfort Markets Sage FX Saxo Scope Markets SimpleFX Spreadex SuperForex Swissquote ThinkMarkets TMGM Trade Nation Trade.com Tradeview Trading212 Uphold Vantage FX Vault Markets Videforex VT Markets Webull World Forex XM XTB ZacksTrade