OANDA
VTB 24 Bank
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Overview
OANDA was founded in 1996 and is headquartered in United States, Canada, while VTB 24 Bank was established in 2008 and is based in Russia. OANDA holds licences including Financial Conduct Authority (FCA), while VTB 24 Bank is regulated by Unregulated among others. OANDA serves 10,000+ clients worldwide; VTB 24 Bank has 10,000+. The minimum deposit is $1 at OANDA and $100 at VTB 24 Bank.
| Feature | OANDA | VTB 24 Bank |
|---|---|---|
| Min. Deposit | $1 | $100 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) | Unregulated |
| Founded | 1996 | 2008 |
| Country | United States, Canada | Russia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between OANDA and VTB 24 Bank, directly affecting your bottom line as a trader. OANDA has a lower barrier to entry with a minimum deposit of $1 (vs $100 at VTB 24 Bank). Neither broker charges withdrawal fees. Overall, OANDA scores higher on fees in our assessment.
| Feature | OANDA | VTB 24 Bank |
|---|---|---|
| Min. Deposit | $1 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
OANDA offers MT4, MT5, cTrader, while VTB 24 Bank supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. VTB 24 Bank supports social and copy trading features, which OANDA does not offer. The two brokers are closely matched on platform offering.
| Feature | OANDA | VTB 24 Bank |
|---|---|---|
| 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 | Desktop, Tablet & Mobile apps,Mac |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how OANDA and VTB 24 Bank compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. The two brokers are evenly matched on educational content.
| Feature | OANDA | VTB 24 Bank |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | No | No |
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 VTB 24 Bank supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | OANDA | VTB 24 Bank |
|---|---|---|
| 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 OANDA and VTB 24 Bank 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 | OANDA | VTB 24 Bank |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |