Side-by-side regulation, cost, platforms, and score -- generated from the same disclosed data and methodology behind our rankings.
| Trade Nation | OANDA | |
|---|---|---|
| Overall score | 3.33 / 5 | 3.84 / 5 |
| Regulation | EU-regulated (MiFID passporting) + FCA No. 525164 + FSA Seychelles-licensed (licence number unconfirmed) Regulated directly in the EU via Portugal's CMVM (not CySEC/Cyprus), alongside the FCA (UK), ASIC (Australia), and the FSCA (South Africa). Also holds a Bahamas SCB registration, not Tier-1 and excluded here. FSA Seychelles-licensed, per the official FSA Capital Markets register; licence number not independently confirmed. |
FCA No. 542574 OANDA was acquired by FTMO (the Czech "funded trader" prop-trading firm) from CVC Capital Partners effective 1 December 2025; FTMO says it will run OANDA as a standalone business -- a very recent ownership change worth confirming hasn't affected service before relying on it. |
| Entity | Trade Nation Financial Markets Limited | OANDA Europe Limited |
| Founded | 2014 | 1996 |
| Headquarters | London, UK | New York, USA (deep Canadian roots -- co-founded by a University of Toronto professor, with a long-standing Toronto presence) |
| Minimum deposit | Not independently confirmed | Not independently confirmed |
| Avg. spread (EUR/USD) | Not independently confirmed | Not independently confirmed |
| Platforms | MT4, TradingView, Proprietary (TN Trader) | MT4, MT5, Proprietary (OANDA Trade / fxTrade) |
| Other Tier-1 regulators | ASIC, FSCA | ASIC, NFA/CFTC (US), CIRO, MAS |
| Instruments | 1,000+ instruments (a marketing claim; count not independently verified) across forex (30-35+ pairs), indices (20-40+), a small commodities range (mainly metals/energy), and shares (hundreds, across UK/Europe/Asia/US); crypto CFDs are offered only via its Bahamas/Seychelles entities, not on the UK consumer site. | 70+ forex pairs plus indices, metals/commodities, share CFDs, ETF CFDs, and crypto CFDs (crypto CFDs not available to UK/EU retail clients), per OANDA's own instrument-specification page. No official total instrument count; one third-party estimate of ~1,700 symbols is unverified. |
| Visit | Visit Trade Nation | Visit OANDA |
Full Trade Nation review → · Full OANDA review → · Compare different brokers →