OANDA
selftrade
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Overview
OANDA was founded in 1996 and is headquartered in United States, Canada, while selftrade was established in 2013 and is based in Australia. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. OANDA serves 10,000+ clients worldwide; selftrade has 14,000,000+. The minimum deposit is $1 at OANDA and $250 at selftrade.
| Feature | OANDA | selftrade |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F304 |
| Founded | 1996 | 2013 |
| Country | United States, Canada | Australia |
| Clients | 10,000+ | 14,000,000+ |
Fees
Fees are a critical factor when choosing between OANDA and selftrade, directly affecting your bottom line as a trader. OANDA has a lower barrier to entry with a minimum deposit of $1 (vs $250 at selftrade). selftrade charges withdrawal fees while OANDA does not, giving OANDA an edge for frequent withdrawers. selftrade charges deposit fees; OANDA does not. Overall, OANDA scores higher on fees in our assessment.
| Feature | OANDA | selftrade |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
OANDA offers MT4, MT5, cTrader, while selftrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. selftrade supports social and copy trading features, which OANDA does not offer. The two brokers are closely matched on platform offering.
| Feature | OANDA | selftrade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, OANDA Desktop, OANDA Web, OANDA Mobile | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how OANDA and selftrade compare. OANDA runs regular live webinars; selftrade does not. Both provide video tutorials. OANDA publishes daily market commentary; selftrade does not. Both integrate third-party research tools. OANDA maintains an archive of past webinars for on-demand viewing. OANDA scores higher overall in education and research.
| Feature | OANDA | selftrade |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. OANDA accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while selftrade supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). selftrade uniquely supports PayPal and Skrill and Neteller among the two brokers. selftrade scores higher on deposit and withdrawal flexibility.
| Feature | OANDA | selftrade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both OANDA and selftrade offer live chat support. Both provide phone support. Email support is available at both brokers. OANDA supports 2 languages and selftrade supports 8, giving selftrade broader global reach. Both brokers are comparable on support quality.
| Feature | OANDA | selftrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |