Baraka vs Oanda 2026: which is better?
We compared Baraka and Oanda on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences.
Key differences
- Baraka offers a swap-free Islamic account; Oanda does not.
- Oanda holds 7 licences from strong regulators, against 1 for Baraka.
- Oanda offers copy trading; Baraka does not.
- Oanda offers MetaTrader 4, MetaTrader 5, which Baraka does not.
Comparison table
| Comparison table | Baraka Broker |
Oanda
Broker
|
|---|---|---|
| Licences | DFSA | FCA, ASIC, CFTC, NFA, CIRO, MAS, KNF, FSC (VG) Best |
| Minimum deposit | — | $0 |
| Maximum leverage | — | 1:888 |
| Trading platforms | baraka app | MetaTrader 4, MetaTrader 5, TradingView, Web Trader, Mobile App |
| Markets | Stocks, Commodities and Gold, Exchange-Traded Funds (ETFs) | Forex, Stocks, Cryptocurrencies, Commodities and Gold, Indices |
| Islamic account | ✓ Yes | — |
| Demo account | — | ✓ Yes |
| Copy trading | — | ✓ Yes |
| Founded | — | 1996 |
| Headquarters | Dubai, United Arab Emirates | — |
| Read the review | Read the review |
Data is for information only and may change; always check the official website before opening an account.
Add a third broker to the comparison
Choose Baraka if you
- need a swap-free Islamic account
Choose Oanda if you
- want more licences from strong regulators
- want to copy other traders
- use MetaTrader 4, MetaTrader 5
Frequently asked questions
Which is better, Baraka or Oanda?
We compared Baraka and Oanda on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences. Baraka offers a swap-free Islamic account; Oanda does not. Oanda holds 7 licences from strong regulators, against 1 for Baraka. The best choice depends on your country and trading style, so check which licence your account will be opened under.
Are Baraka and Oanda regulated?
Baraka licences: DFSA. Oanda licences: FCA, ASIC, CFTC, NFA, CIRO, MAS, KNF, FSC (VG).
What is the minimum deposit at Baraka and Oanda?
Baraka: not available. Oanda: $0.
Do Baraka and Oanda offer an Islamic account?
Baraka: Yes. Oanda: No.