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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan
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
Trust rank #24 · Editorial rating 9 / 10 · Founded 1982
TradeStation forex broker offers forex trading on a well-regarded platform with advanced charting, customizable order tools, and API-driven automation. Users can analyze currency pairs, execute trades, and streamline workflows within a technology-focused…
Read the TradeStation reviewOANDA (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. TradeStation (United States, founded 1982) holds 3 regulatory licences (CFTC, FCA, NFA), 3 of them tier-1, offers Proprietary and sits in our low-fee bracket. The two overlap in 50 countries; OANDA is available in 3 countries where TradeStation is not, and TradeStation in 183 where OANDA is not.
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.
| Criteria | OANDA | TradeStation |
|---|---|---|
| Editorial rating | Not verified | 9 / 10 |
| Trust rank | #19 | #24 |
| Founded | 1996 | 1982 |
| Headquarters | Canada | United States |
| Regulators | ASIC, BVI FSC, CFTC, CIRO, FCA, FFAJ, JFSA, JSDA, Kanto Local Finance Bureau, KNF, MAS, MFSA, NFA | CFTC, FCA, NFA |
| Broker type | Market Maker | Market Maker |
| Platforms | MT4, Proprietary, TradingView | Proprietary |
| Instruments | Commodities, Forex, Indices, Metals | Forex |
| Countries accepted | 53 countries | 233 countries |
| Fee level | Low | Low |
| Trading types | CFD Trading, Spot Trading | Spot Trading |
| Best-for use cases | Professional Trading, Retail Trading | Professional Trading, Retail 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.
Available at both (50): American Samoa, Australia, Austria, Belgium, Bulgaria, Chile, Christmas Island, Cocos (Keeling) Islands, Colombia, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Guam, Hong Kong, Hungary, Indonesia, Ireland, Italy, Latvia, Lithuania, Luxembourg, Macao, Malaysia, Malta, Mexico, Netherlands, Norfolk Island, Northern Mariana Islands, Philippines, Poland, Portugal, Puerto Rico, Romania, Singapore and 10 more.
Only OANDA (3): Canada, Japan, United States of America.
Only TradeStation (183): Afghanistan, Albania, Algeria, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belize, Benin, Bermuda, Bhutan, Bolivia, Bonaire, Bosnia and Herzegovina, Botswana, Bouvet Island and 158 more.
Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.
OANDA holds more regulatory licences: OANDA (ASIC, BVI FSC, CFTC, CIRO, FCA, FFAJ, JFSA, JSDA, Kanto Local Finance Bureau, KNF, MAS, MFSA, NFA) versus TradeStation (CFTC, FCA, NFA). Tier-1 licences: OANDA 7, TradeStation 3.
OANDA offers MT4, Proprietary, TradingView; TradeStation offers Proprietary.
Both sit in the same fee bracket (low) in our catalogue; compare the spreads and commission rows above for detail.
TradeStation is the older of the two, founded in 1982; OANDA was founded in 1996.
They overlap in 50 countries. OANDA is additionally available in 3 countries (Canada, Japan, United States of America) and TradeStation in 183 countries (Afghanistan, Albania, Algeria, Andorra, Angola, Anguilla and 177 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.