Webull Vs. OANDA: Compare Trading Platforms, Fees & Benefits of This Brokers

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Webull

Webull is one of the best, free ETFs and stock brokerage perfect for active traders. Moreover, for advanced and intermediate traders, it offers a mix of good research, tools, and platforms to support their trading strategies. Founded in 2017, they offer their user-friendly proprietary trading platform. The platform has many integrated, intelligent, and advanced services and tools for each level of trader.

Webull Secure Platform

OANDA

Founded in 1996, OANDA is a reliable global brand that offers limited offerings of CFDs and FX pairs but is well-known for its quality market research and reputation. Platform technology, pricing transparency, product offerings, and security oversight, all offer OANDA an advantage in the market. The platform is best for seasoned traders with enough money looking for transparency, low-cost, and many options.

Webull Vs. OANDA

Webull

OANDA

Benefits

  • No fee for ETFs and stocks trading

  • Paper trading and lots of research tools to refine your strategies

  • High-quality trading platforms

  • Low Fees

  • Simple digital account opening process

  • Simple and user-friendly web trading platform

Types of Platforms

Web trading platform and mobile platform (iOS, Android, Windows, and Mac)

FXtrade Web, desktop, and mobile (iOS and Android), MT4 platform

Trading Options

ETFs, Stocks, Short Selling, and Options

Forex, Commodities, and CFDs

Security

Regulated by the Securities & Exchange Commission and Financial Industry Regulatory Authority.

Regulated by authorities like the Financial Conduct Authority of the UK and Australian Securities and Investment Commission

Fees

Webull provides commission-free trading for US-based options, stocks, and ETFs. If you make use of ACH, there are no withdrawal fees and inactivity fees. And the USD margin rate for Webull is 7%.

OANDA charges low forex and CFD fees. For assets like EURUSD, GBPUSD, and S&P 500 CFD it has built the fees into spreads and charges 1.1 pips, 1.6 pips, and 0.5 pip respectively. It charges an inactivity fee of $10/ month after inactivity of 2 years.

Supported Languages

English & Chinese

English, French, Japanese, Chinese, Korean, Russian, Portuguese, Italian, German, and Spanish

Supported Countries

USA, China, India, Turkey, Brazil, Malaysia, Japan, Korea & the Philippines

North America, Europe, Asia Pacific, Africa, India, the Middle East, the Caribbean, and Latin America

Deposit and Withdrawal Methods

Bank Transfer

For Deposit, you get options for bank transfer, electronic wallets, and credit/debit cards based on your location.

For withdrawal, OANDA offers credit cards, debit cards, and Paypal options based on your location.

Education

Webull offers both educational content and a demo account. In the demo account, you can try every feature of the live account.

OANDA offers many tools for education including educational videos, trading platform tutorial, a demo account, pre-recorded and live webinars

Customer Support

Email, phone, and message center via trading platforms.

Live chat, chatbot, email and phone support are available

OANDA Services

Conclusion

As we can see, Webull is best for traders and investors looking for no-commission trades and focusing especially on the US markets while OANDA is for Forex traders that value great research tools and a user-friendly, simple platform. Both have different product offerings and their pros and cons. So, you can choose one as per your requirement and your investing preferences.