Nadex
OANDA
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Overview
Nadex was founded in 2008 and is headquartered in USA, while OANDA was established in 1996 and is based in United States, Canada. Nadex holds licences including Unregulated, while OANDA is regulated by Financial Conduct Authority (FCA) among others. Nadex serves 10,000+ clients worldwide; OANDA has 10,000+. The minimum deposit is $250 at Nadex and $1 at OANDA.
| Feature | Nadex | OANDA |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Regulation | Unregulated | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) |
| Founded | 2008 | 1996 |
| Country | USA | United States, Canada |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Nadex and OANDA, directly affecting your bottom line as a trader. OANDA has a lower barrier to entry with a minimum deposit of $1 (vs $250 at Nadex). Neither broker charges withdrawal fees. Nadex applies inactivity fees on dormant accounts; OANDA does not. Overall, OANDA scores higher on fees in our assessment.
| Feature | Nadex | OANDA |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
Nadex offers MT5, cTrader, while OANDA supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Nadex supports social and copy trading features, which OANDA does not offer. OANDA edges ahead on platform breadth and functionality in our scoring.
| Feature | Nadex | OANDA |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Web,iPad,mac,Desktop,iPhoneiOS | MT4, OANDA Desktop, OANDA Web, OANDA Mobile |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Nadex and OANDA compare. OANDA runs regular live webinars; Nadex does not. OANDA has a video library; Nadex does not. OANDA publishes daily market commentary; Nadex does not. OANDA integrates third-party research tools (Trading Central); Nadex does not. OANDA maintains an archive of past webinars for on-demand viewing. OANDA scores higher overall in education and research.
| Feature | Nadex | OANDA |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Nadex accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while OANDA supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Nadex | OANDA |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Nadex and OANDA offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Nadex | OANDA |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |