Venom Trading vs Oanda : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

Venom Trading

Oanda

Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

ECN

Market maker

Years of Existence / Established Year

2004

1996

Customer Base / Number of Accounts

Info not available

50M

Regulation & Security

Regulations (governing bodies)

FINRA NFA SIPC

CFTC / NFA FCA MAS CIRO ASIC FSA FSC in the BVI

Awards Won (count for the last 2 years)

Best in class for professional trading by stockbrokers.com

Broker of the year by TradingView Awards 2023 Most popular broker 3 years in a row in TradingView Awards 2020, 2021, 2022

Security Measures

SIPC

SSL Encryption / 2FA

Yes

Segregated Funds

Yes

Negative Balance Protection

Yes

Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

68+ major currency pairs

Currency Pairs

Yes

Commodities

Yes

Indices

Yes

Cryptocurrencies

Yes

CFDs

Yes

ETFs

Yes

Stocks

Yes

Options

Yes

Futures

Yes

Bonds

Yes

Mutual Funds

Fractional Shares

Exchange Traded Notes (ETNs)

Precious Metals

Yes

Real Estate Investment Trusts (REITs)

Equities

Yes

Trading Platforms & Technology

Trading Platform Availability

Yes

MT4

Yes

MT5

cTrader

Social Trading

Copy Trading

Yes

Other Trading Platforms (proprietary, etc.)

Venom mobile Venom desktop Venom web

Oanda Mobile and Tablet apps

Platform Compatibility (Windows, Mac, iOS, Android)

Yes except Mac

Yes

Account Types & Conditions

Account Types (Retail, Pro, VIP, etc.)

Individual account IRA account

Standard account Corporate account Professional trading account

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Yes

Minimum Deposit

$5,000

Leverage Available

1:4

50:1

Trade Limit (maximum per trade)

Trade size vary on each asset

Varies by instrument

Commission (per account type)

Standard - $50/M Premium - $50/M Premium Plus - $40/M

Best Suited For (e.g., beginners, experienced traders)

Experienced

Only experienced

Deposit & Withdrawal Options

Deposit Methods

Wire transfer ACH transfer Online bill pay

Bank Wire Transfer ACH Debit card

Withdrawal Methods

ACATS DWAC DRS

Debit card Bank Wire transfer

Other E-Wallets Supported

Tools & Educational Resources

Economic Calendar

Yes

Tools & Educational Resources (tutorials, webinars, market news, etc.)

Short videos & courses Recorded webinars

Technical Analysis Premium MetaTrader Tools MT5 comes with inbuilt signal alerts, using latest NLP technology Spreads calculators

Fees & Commissions

Trading-Related Fees

Equities - $0.004/share Options - $0.75 per contract Futures - $1.25 / contract

Spread starts from 0.0, commission- $30 per 1M

Spread (typical, fixed, variable)

Typical

Per Lot Fees

Options Contract Fees

$0.75 per contract

Futures Contract Fees

$1.25 per contract per side

Markup Fees on Spread

Guaranteed Stop Loss Fees

Maximum Leverage

1:4

50:1

Non-Trading Fees

Dormant Fees

10 units of the currency for inactivity atleast 12 months.

Subscription Fees (for premium features, data feeds)

Advisory Fees

Swap Fees (Overnight Financing)

Yes

Vary on instruments and change on a daily basis

Statement or Document Fee

Account Opening Fee

Account Maintenance Fee

IRA - $7.5 quarterly fee

Deposit Fee

Currency Conversion Fee

Vary for different exchanges

0.50%

Withdrawal Fee

Wires - $10 Checks - $4 ACH/EFT - $1 SEPA - NA

USD - First withdrawal fee in a calendar month Bank transfer / wire transfer - $20 Debit card - no feeUSD - additional withdrawals in a calendar month Bank transfer / wire transfer - fee + $15 Debit card - $15ACH - No fee

Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Customer Benefits (e.g., Retirement Plan)

Yes

Trading Hours

Trading Hours (for each asset class if applicable)

Monday to Friday - 7am to 4.30pm CST

All FX products - Sunday 17:05 - Friday 16:59 Cryptocurrency - 24/7

Customer Support

Support Hours (e.g., 24/7, weekdays only)

24/5 weekday customer service

24x5

Customer Support Methods (phone, email, live chat)

Ph-877-792-6272 Customer service line - 877-442-2757 Fax - 972-491-3111 Email - [email protected]

Email: mailto:[email protected] Monday to Friday - 8:00 to 20:00 CET Poland (+48)799366830 Malta (+356)20345018 Spain (+34)910479707 France (+33)182884361 Germany (+49)6995019607

Support Languages

Additional Information

Headquarters Location

3008 E. Hebron Pkwy Building 400, Carrolton TX 75010

Dashwood House 64, Old Broad Street London EC2M 1QS

Complaints (for crypto brokers)

At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.

While Venom Trading maintains low trading fees with no minimum deposit, Oanda includes some charges for premium features and certain asset trades, making Venom Trading the better option for budget-focused traders.

New users will likely find Venom Trading sign-up process more intuitive. Meanwhile, Oanda takes a more regulated path to onboarding, which could benefit traders seeking high capital limits and detailed agreements.

Venom Trading platform is great for fast-paced day trading, especially with features like one-click trading. Oanda platform, by comparison, is built for strategy testing and long-term portfolio management.

For market veterans, Venom Trading brings the tools they need. New investors might find Oanda more approachable and cost-effective.

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