Oanda vs Zacks Trade 2026: which is better?
We compared Oanda and Zacks Trade on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences.
Key differences
- Oanda holds 7 licences from strong regulators, against 2 for Zacks Trade.
- The minimum deposit at Oanda is $0, against $250 at Zacks Trade.
- Oanda offers copy trading; Zacks Trade does not.
- Oanda offers MetaTrader 4, MetaTrader 5, which Zacks Trade does not.
Comparison table
| Comparison table |
Oanda
Broker
|
Zacks Trade
Broker
|
|---|---|---|
| Licences | FCA, ASIC, CFTC, NFA, CIRO, MAS, KNF, FSC (VG) Best | SEC, FINRA |
| Minimum deposit | $0 Best | $250 |
| Maximum leverage | 1:888 | — |
| Trading platforms | MetaTrader 4, MetaTrader 5, TradingView, Web Trader, Mobile App | Zacks Trade Pro, Web Trader, Mobile App |
| Markets | Forex, Stocks, Cryptocurrencies, Commodities and Gold, Indices | Stocks, Exchange-Traded Funds (ETFs) |
| Demo account | ✓ Yes | — |
| Copy trading | ✓ Yes | — |
| Founded | 1996 | 2013 |
| Headquarters | — | Chicago, United States |
| 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 Oanda if you
- want more licences from strong regulators
- want to start with less money
- want to copy other traders
- use MetaTrader 4, MetaTrader 5
Frequently asked questions
Which is better, Oanda or Zacks Trade?
We compared Oanda and Zacks Trade on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences. Oanda holds 7 licences from strong regulators, against 2 for Zacks Trade. The minimum deposit at Oanda is $0, against $250 at Zacks Trade. The best choice depends on your country and trading style, so check which licence your account will be opened under.
Are Oanda and Zacks Trade regulated?
Oanda licences: FCA, ASIC, CFTC, NFA, CIRO, MAS, KNF, FSC (VG). Zacks Trade licences: SEC, FINRA.
What is the minimum deposit at Oanda and Zacks Trade?
Oanda: $0. Zacks Trade: $250.
Do Oanda and Zacks Trade offer an Islamic account?
Oanda: No. Zacks Trade: No.