Differentiate OANDA Vs. TD Ameritrade for Trading Services, Platforms & Charges

OANDA

OANDA is one of the most reputed brokerage firms offering trading services at a low cost. OANDA was established in 1996 and it has now many offices located in London, Tokyo, Singapore, Sydney, and New York. All the companies are regulated by relevant authorities.

OANDA Features

TD Ameritrade

TD Ameritrade is one of the largest online brokers which offers both beginner and advanced traders. The brokerage firm reached its customers through a variety of social media sites like Twitter, and Facebook. TD Ameritrade offers its customers a choice of trading platforms including mobile apps, web, and desktop trading platforms.

Broker Comparison

 

OANDA

TD Ameritrade

Trading Pairs

  • Forex: Spot Trading
  • Currency Pairs: 71
  • CFDs offered: 53
  • Cryptocurrency traded as CFDs
  • Forex: Spot Trading
  • Currency Pairs: 75
  • CFDs offered: 0

Trading Services

  • Virtual Trading
  • Alerts – Basic Fields
  • Watchlists – Total Fields: 7
  • Charting Indicators/Studies: 81
  • Charting Drawing Tools: 145
  • Charting Trade from the Chart
  • Charting Drawings Autosave
  • Order Type – Trailing Stop
  • Virtual Trading
  • Alerts – Basic Fields
  • Watchlists – Total Fields: 548
  • Charting Indicators/ Studies: 382
  • Charting Drawing Tools: 20
  • Charting Trade from the Chart
  • Charting Drawing Autosave
  • Order Type – Trailing Stop

Trading Platforms

  • Proprietary Platform
  • Desktop Platform (Windows)
  • Web Platform
  • Social Trading/Copy-Trading
  • MetaTrader 4 (MT4)
  • Proprietary Platform
  • Desktop Platform (Windows)
  • Web Platform
  • Social Trading/Copy-Trading

Charges

  • Inactivity fees: Monthly fees of $10 units in the currency present in your account.
  • Currency conversion fee based on the applicable FX spot rate plus an additional spread of 0.5%.
  • 50:1 margin trading on US-based accounts
  • Stock trade fee: $0.00
  • ETF trade fee: $0.00
  • Options base Fee: $0.00
  • Options per contract fee: $0.65
  • Mutual Fund trade fee: $49.99
  • Broker Assisted trade fee: $44.99
  • All commission-free ETFs

Both Platform Research

  • Daily Market Commentary
  • Forex News
  • Weekly Webinars
  • AutoChartist
  • Social Sentiment – currency pairs
  • Economic Calendar
  • Daily Market Commentary
  • Forex News
  • Economic Calendar

Deposit and Withdrawal Methods

  • Initial Deposit of $0.00
  • Visa/Mastercard (Deposit/Withdraw) Available
  • Bank Wire (Deposit/Withdraw) Available
  • Initial Deposit of $0.00
  • Bank Wire (Deposit/Withdraw) Available

Education

  • Client Webinars
  • Client Webinars (Archived)
  • Videos – Beginner Trading Videos
  • Videos – Advanced Trading Videos
  • Investor Dictionary (Glossary)
  • Client Webinars
  • Videos – Beginner Trading Videos
  • Investor Dictionary (Glossary)

Customer Support

  • 24/5 via email
  • Live chat and phone available from Monday to Friday from 13:00 to 18:00 ET.
  • Dedicated FAQ page
  • Phone Call
  • Email
Different TD Ameritrade Trading Platforms

Conclusion

TD Ameritrade serves both active and beginner traders by offering them an excellent trading platform and charging $0 commissions on stock, ETF trade, and options. The broker is best for beginners, advanced traders, investors, and fund investors. OANDA on the other hand stands out for its quality market research and reputation among the traders.