OANDA vs tastytrade (2026): regulation, platforms and costs compared

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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan

OANDA

Trust rank #19 · Founded 1996

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…

Read the OANDA review

tastytrade

Trust rank #22 · Editorial rating 9.1 / 10 · Founded 2017

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…

Read the tastytrade review

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.

OANDA vs tastytrade: side-by-side data

CriteriaOANDAtastytrade
Editorial ratingNot verified9.1 / 10
Trust rank#19#22
Founded19962017
HeadquartersCanadaUnited States
RegulatorsASIC, BVI FSC, CFTC, CIRO, FCA, FFAJ, JFSA, JSDA, Kanto Local Finance Bureau, KNF, MAS, MFSA, NFACFTC, NFA
Broker typeMarket MakerMarket Maker
PlatformsMT4, Proprietary, TradingViewProprietary
InstrumentsCommodities, Forex, Indices, MetalsForex
Countries accepted53 countries56 countries
Fee levelLowMedium
Trading typesCFD Trading, Spot TradingSpot Trading
Best-for use casesProfessional Trading, Retail TradingRetail Trading

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.

Pros

OANDA

  • Multi-jurisdiction top-tier regulation (CFTC/NFA, FCA, IIROC, ASIC, MAS)
  • Accepts US clients
  • 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.

Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.

OANDA vs tastytrade: common questions

Which broker is more regulated, OANDA or tastytrade?

OANDA holds more regulatory licences: OANDA (ASIC, BVI FSC, CFTC, CIRO, FCA, FFAJ, JFSA, JSDA, Kanto Local Finance Bureau, KNF, MAS, MFSA, NFA) versus tastytrade (CFTC, NFA). Tier-1 licences: OANDA 7, tastytrade 2.

Which trading platforms do OANDA and tastytrade offer?

OANDA offers MT4, Proprietary, TradingView; tastytrade offers Proprietary.

Which has lower fees, OANDA or tastytrade?

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).

Keep comparing

OANDA

tastytrade

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.