OANDA vs tastytrade (2026): regulation, platforms and costs compared
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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan
OANDA is a well-regarded, regulated forex broker offering broad access to major currency pairs through intuitive web and mobile trading platforms. It provides order execution, research, charting, and educational resources, with products…
tastytrade provides forex trading through its tastyfx platform, offering access to a wide range of currency pairs on an intuitive interface with built-in tools and education. It delivers a focused, platform-driven forex…
OANDA (Canada, founded 1996) holds 13 regulatory licences (ASIC, BVI FSC, CFTC, CIRO, FCA…), 7 of them tier-1, offers MT4, Proprietary, TradingView and sits in our low-fee bracket. tastytrade (United States, founded 2017) holds 2 regulatory licences (CFTC, NFA), 2 of them tier-1, offers Proprietary and sits in our medium-fee bracket. The two overlap in 34 countries; OANDA is available in 19 countries where tastytrade is not, and tastytrade in 22 where OANDA is not.
Verdict at a glance
OANDA leads on trust rank, track record, regulatory coverage, platform choice, instrument range, fee level and tier-1 licences.
tastytrade leads on country coverage.
Scored on 8 measurable dimensions where both brokers have verified data. Dimensions missing for either side are excluded rather than guessed. This is a data summary, not a recommendation.
Highlighted cells mark the stronger value where a direction is objectively better (e.g. more licences, lower fees). "Not verified" means the field is not yet in our catalogue for that broker — we never fill gaps with estimates.
No minimum deposit; flexible position sizing (1-unit trades)
Core Pricing + Commission option
Free REST/Streaming API; TradingView integration
tastytrade
NFA/CFTC-regulated US forex trading
Competitive, spread-only pricing
Fast execution on robust web and mobile platforms
Broad selection of major, minor, and exotic pairs
Rich trader education and market content
Cons
OANDA
Higher average spreads than ECN brokers
No MetaTrader 5 support
No guaranteed stop-loss orders
Inactivity fee after 12 months
CFDs not available in the US
tastytrade
No spot forex (futures-only FX)
Limited FX pairs vs spot brokers
No MetaTrader/cTrader (proprietary platform only)
Higher costs per trade (exchange/clearing/NFA fees)
Fixed contract sizes; no micro-lot position sizing
Key features
OANDA
Forex and CFD Trading
Top Tier Regulation
MT4 and TradingView Platforms
REST API and Algorithmic Trading
Client Sentiment and Order Book Tools
Flexible Unit Based Position Sizing
tastytrade
CFTC and NFA regulated RFED via IG US LLC
Spot forex only no CFDs
US compliant leverage 50 to 1 majors 20 to 1 minors
Proprietary tastyfx platforms with advanced charting
Two factor authentication for account access
Spread only pricing with variable spreads
Country availability: OANDA vs tastytrade
Available at both (34): Austria, Belgium, Chile, Colombia, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Indonesia, Ireland, Italy, Lithuania, Luxembourg, Malaysia, Mexico, Netherlands, Philippines, Poland, Portugal, Romania, Singapore, Slovakia, Slovenia, Spain, Sweden, Taiwan, Thailand, United Arab Emirates, United Kingdom, United States of America.
Only OANDA (19): American Samoa, Australia, Bulgaria, Canada, Christmas Island, Cocos (Keeling) Islands, Croatia, Cyprus, Guam, Hong Kong, Japan, Latvia, Macao, Malta, Norfolk Island, Northern Mariana Islands, Puerto Rico, Vietnam, Virgin Islands (U.S.).
Only tastytrade (22): Andorra, Argentina, Bahrain, Brazil, Dominican Republic, Ecuador, Egypt, French Polynesia, Iceland, India, Isle of Man, Israel, Liechtenstein, New Zealand, Norway, Oman, Peru, San Marino, Saudi Arabia, South Korea, Switzerland, Uruguay.
OANDA is in the lower fee bracket (low vs medium) in our catalogue.
Which is older, OANDA or tastytrade?
OANDA is the older of the two, founded in 1996; tastytrade was founded in 2017.
Are OANDA and tastytrade available in the same countries?
They overlap in 34 countries. OANDA is additionally available in 19 countries (American Samoa, Australia, Bulgaria, Canada, Christmas Island, Cocos (Keeling) Islands and 13 more) and tastytrade in 22 countries (Andorra, Argentina, Bahrain, Brazil, Dominican Republic, Ecuador and 16 more).
Risk warning: CFDs and forex are complex, leveraged instruments and carry a high risk of losing money rapidly. A majority of retail investor accounts lose money when trading CFDs. Nothing on this page is financial advice; verify licence status on the regulator's register before depositing. Full risk disclosure.