OANDA vs TradeLocker
Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.
OANDA
Trade major and minor forex pairs on the go with instant quotes and free charting. Customize your platform for real-time notifications, risk management, and profitability monitoring. Stay updated with market news and analysis from a regulated global broker.
- Trade major and minor forex pairs
- Instant quotes and free charting
- Real-time notifications and risk management
- Over 50 technical tools
- Market signals and global newsfeeds
- Fast order execution
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Instantly trade on the go with the user-friendly, award-winning OANDA forex trading app. Trade major and minor forex pairs, such as EUR/USD, USD/CAD, USD/JPY, AUD/USD and GBP/USD. Get instant quotes and free charting on the OANDA forex trading app, with tight spreads and low commissions. Apply, fund, trade. Join other smart traders alongside an award-winning* global forex broker with over 25 years of experience. Discover OANDA, the smarter forex trading app. Download the free OANDA app in a few simple steps and start investing today. Instantly react to trading opportunities - Customize your platforms to receive notifications, manage positions, control risk, and monitor account profitability in real-time. - Quick and exceptional forex trading execution. - Place market orders directly through charts in just a few clicks. - Personalize your default parameters using a customizable interface. - The OANDA mobile trading app is engineered for reliability and speed, ensuring fast order execution. - Trade FX by adding funds through the OANDA mobile app**. Discover the forex markets - Trade popular forex pairs, such as EUR/USD, USD/CAD, USD/JPY, AUD/USD and GBP/USD. - Access over 50 technical tools (32 overlay indicators, 11 drawing tools, and 9 chart types). - Manage orders, risk exposure and technical analysis through a click. - Set up pending orders while seeing the potential profit or loss impact on your account. Stay up to date with market trends Access OANDA's events calendar, market signals, and global newsfeeds such as Dow Jones and OANDA MarketPulse and ensure you're up to date with trading news and forex analysis. Why you should trade with OANDA - We’re a fully regulated forex broker, with offices in nine regions globally. - We support regulatory oversight of the retail trading industry and the protection of our clients. - We care about fairness and transparency so you always know how much you’re paying when you trade with us. - Our FX trading app comes with a wide range of currency pairs including EUR/USD, USD/CAD, AUD/USD and GBP/USD. - We don’t use software designed to push trades in our favor. - We provide multilingual 24/5 customer support during market hours. Download the free OANDA trading app. Apply for a live account today. *Awarded highest overall client satisfaction and best mobile platform/app (Investment Trends 2021 US Leverage Trading Report, Margin Forex). References to awards obtained by OANDA are for our business as a forex broker and do not relate to our digital assets business. *References to awards obtained by OANDA are for our business as a forex broker and do not relate to our digital assets business. **Funding options vary by region. The information contained on this website is not intended for a specific country audience and is not intended for distribution to countries where the distribution or use of this information would be contrary to local laws, requirements and regulations. Trading FX on margin is high risk and not suitable for everyone. Losses can exceed investments. OANDA Corporation has its office at 17 State Street, Suite 300, New York, NY 10004-1501.
TradeLocker
This next-generation trading platform offers advanced charting, risk management tools, and a user-friendly interface for both novice and experienced traders. Make quick, informed decisions with access to over 500 trading assets across various markets.
- TradingView charting with custom indicators
- Automated risk and Stop Loss/Take Profit calculation
- Trailing stop loss functionality
- On-chart and one-click trading
- Micro lot trading
- Access to 500+ trading assets
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TradeLocker is the next-gen day trading platform built by listening to the needs and preferences of over 2.5 million traders. It's designed to help both novice and experienced users make quick and accurate market decisions. Experience the future of trading with TradeLocker, featuring high-quality charts and indicators for well-informed decisions, advanced risk management tools such as stop loss and take profit features, and a versatile platform for trading anytime, anywhere, and on any device. TradeLocker Features: - TradingView Charting Gain access to hundreds of customizable charts and custom indicators with our TradingView integration. - Risk Calculator Set a SL price and specify the $ amount you are willing to risk and the platform will automatically calculate the order amount. - SL&TP Calculator Auto-calculate Stop Loss & Take Profit values in $, %, ticks or the market price. - Trailing Stop Loss Unlike a regular stop loss that remains at a set level, a trailing stop loss automatically adjusts if the trade moves in a favourable direction. - On-Chart Trading Execute trades directly on the chart for a more streamlined experience. - One-Click Trading Streamline your trading and open positions quicker with a single click. - Micro Lot Trading Trade a minimum lot size of 0.01 to spread high-volume trading risks. - Trader-Friendly Interface Easily navigate and perform trading activities on our clean, customizable and intuitive interface. - 500+ Trading Assets Choose your favorite instrument pairs, including Forex majors, crypto, stocks and shares, metals, indices and more. How to start using TradeLocker: Currently, TradeLocker is only accessible via a broker (both Demo and Live accounts) or through a prop firm challenge (Demo). Not sure which broker to use? Simply go to tradelocker.com, fill out a form and choose available brokers or prop firms. Once you've chosen a broker, select TradeLocker as your platform of choice and your broker will send you an email with your credentials. If you're ready to take your trading to the next level, download TradeLocker and join the future of trading. Let’s connect on Discord where you can chat with our team, discuss potential features, share feedback and exchange experiences with fellow traders. "Neither this app or its contents should be regarded as professional or financial advice. This app is a suite of trading tools, meant to be used in connection with an account held by a trader with their brokerage firm. If you intend on using this app for real trading, you should understand how various financial products work and the risks you will be undertaking on your own. By using this app you will have access to information of a general nature (i.e., that does not address the circumstances of any particular individual). If you require further information, or otherwise a more comprehensive or complete statement of the related matters and regulations, you should seek the advice of a lawyer, your brokerage firm, or from a licensed financial service provider before you start trading."
Screenshots
Verdict
The clearest difference is monetization model: TradeLocker at free against OANDA's free with in-app purchases. TradeLocker also leads on review sentiment (83% vs 64%). OANDA's advantage is rating (4.7 vs 4.4) and update cadence (every 2 weeks vs every 2 months). On price, ads, in-app purchases and device support there is nothing between them.
Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS
Both are free to download. Neither carries in-app purchases, so what you see is what you pay.
OANDA holds the better App Store score, 4.7 against 4.4. That said, the two scores are not equally well evidenced: OANDA has 24K ratings behind it against 2.8K, so its average is the more settled of the two. Written reviews complicate that: 64% of OANDA's written reviews are positive against 83% of TradeLocker's, so the app with the better star average is not the one people write more warmly about.
OANDA ships an update every 2 weeks, TradeLocker every 2 months. The most recent releases landed on September 24, 2026 and September 22, 2026 respectively.
| Parameter | OANDA | TradeLocker |
|---|---|---|
| Price | Free | Free |
| Rating | 4.7 (24K ratings) — better | 4.4 (2.8K ratings) |
| Positive reviews | 64.0% of reviews | 83.2% of reviews — better |
| Number of ratings | 24K — better | 2.8K |
| Update frequency | Every 2 weeks — better | Every 2 months |
| Ads | No | No |
| In-app purchases | No | No |
| Monetization | Free with in-app purchases | Free — better |
| Devices | iPhone, iPad, iPod | iPhone, iPad, iPod |
| Requires iOS | 15.0 | 15.0 |
| Further details — not scored | ||
| Size | 172 MB | 6 MB |
| Age rating | 4+ | 17+ |
| Developer | OANDA Corporation | TradeLocker Limited |
Customer experience
OANDA
TradeLocker
User reviews
OANDA
From 24K App Store ratingsWhat we love
- 🚀 Easy to use
- 👍 User-friendly interface
- 🚀 Smooth execution
- 🚀 Convenient mobile trading
- 👍 Great charting features
Room to improve
- 🐛 Frequent crashes
- 🐛 Unreliable price alerts
- 🐛 Slow app performance
- 🐛 Inconsistent login issues
- 🐛 Withdrawal difficulties
TradeLocker
From 2.8K App Store ratingsWhat we love
- 🚀 Trading mechanics
- 👍 User-friendly interface
- 🚀 Integrated with TradingView
- 💡 Risk management features
- 🚀 Smooth execution
Room to improve
- 🐛 Occasional crashes and bugs
- 🐛 Connectivity issues
- 🐛 Delayed chart updates
- 🐛 Unexpected trade closures
- 🐛 Synchronization problems across devices
Bugs and requests
OANDA
Reported bugs
5 issues- Freezing on login screen
- Incorrect price data displayed
- Disappearing trade history
- Incompatibility with newer iOS versions
- Unreliable push notifications
Requested features
5 requests- Add price alert functionality
- Improve chart customization options
- Implement a dark mode theme
- Streamline withdrawal process
- Enhance portfolio tracking and reporting
TradeLocker
Reported bugs
5 issues- Frequent app crashes and log-outs
- Incorrect price data and trade execution
- Disappearing stop losses and take profits
- Delayed chart loading and updates
- Synchronization issues across devices
Requested features
6 requests- Landscape mode on mobile
- Enhanced alerts and notifications system
- Option to view multiple charts simultaneously
- Ability to secure partial profits automatically
- Improved drawing tools and templates
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- Faster server response times
In-app purchases
OANDA
No in-app purchases
TradeLocker
No in-app purchases








