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XTB vs OANDA 2024

BrokerNotes.co

Written by BrokerNotes.co

August 24, 2023

Trying to decide between XTB and OANDA? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, XTB ranks more highly than OANDA.

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Compare

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Overall Rating XTB OANDA
Overall Rating star 9.1 /10 star 8.5 /10
Offering of Investments star 9.5 /10 star 6.5 /10
Commissions & Fees star 8.5 /10 star 7.5 /10
Platform & Tools star 9.0 /10 star 8.0 /10
Research star 9.0 /10 star 10 /10
Mobile Trading star 9.0 /10 star 9.0 /10
Education star 8.5 /10 star 7.5 /10
Account Type XTB OANDA
Standard Trade Size (100,000 units) info Yes Yes
Mini Trade Size (10,000 units) info Yes Yes
Micro Trade Size (1,000 units) info Yes Yes
Islamic Account info Yes Yes
Deposit/Withdrawal Options XTB OANDA
Minimum Deposit info $0 info $0
Bank Wire (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
PayPal (Deposit/Withdraw) info Yes Yes info
ACH or SEPA Transfers info No Yes info
Copy Trading XTB OANDA
Social Trading / Copy Trading info No Yes info
DupliTrade info No No
ZuluTrade info No No
Cryptocurrency XTB OANDA
Cryptocurrency (Physical) info No Yes
Cryptocurrency (Derivative) info Yes Yes info
Bitcoin info Yes Yes
Ethereum info Yes Yes
Forex Trading (Spot or CFDs) XTB OANDA
Forex Trading (Spot or CFDs) info Yes Yes info
Mobile Trading - Forex or CFDs info Yes Yes
Indices (Index CFDs) XTB OANDA
DAX info Yes Yes
Dow Jones info Yes Yes
FTSE info Yes Yes
NASDAQ 100 info Yes Yes
Nikkei info Yes Yes
SP 500 info Yes Yes
Investments XTB OANDA
Forex Trading (Spot or CFDs) info Yes Yes info
Spread Betting info No Yes
Social Trading / Copy Trading info No Yes info
Metals info Yes Yes
Energies info Yes Yes
Agriculturals info Yes Yes
ETF info Yes No
U.S. Stocks (CFD) info Yes No info
Trading Platforms XTB OANDA
Apple iOS App info Yes Yes
Android App info Yes Yes
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes info
Regulatory Licenses XTB OANDA
Tier-1 Licenses info 2 7
Australia (ASIC Authorised) info No Yes
Canada (CIRO Authorised) info No Yes
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No Yes
Singapore (MAS Authorised) info No Yes
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info No Yes
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes Yes info
Tier-2 Licenses info 2 0
Tier-3 Licenses info 0 0
Research, Education XTB OANDA
Trading Central (Recognia) info No No
Forex News (Top-Tier Sources) info Yes Yes
Daily Market Commentary info Yes Yes
Autochartist info No Yes
Investor Dictionary (Glossary) info No Yes
Videos - Beginner Trading Videos info Yes Yes
Client Webinars (Archived) info Yes Yes
Trading Costs XTB OANDA
Minimum Deposit info $0 info $0
Average Spread EUR/USD - Standard info 1.00 info 1.57 info
All-in Cost EUR/USD - Active info 1.00 info 1.57 info
Active Trader or VIP Discounts info No Yes info
Trading Tools XTB OANDA
Watchlists - Total Fields info 8 6
Mobile Watchlist info Yes Yes
Charting - Indicators / Studies (Total) info 39 81
Mobile Charting - Indicators / Studies info 39 30
Trust Factors XTB OANDA
Year Founded info 2002 1996
Publicly Traded (Listed) info Yes No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes Yes info
Trust Score info 96 93
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XTB vs OANDA Comparison

Comparing forex brokers side by side is no easy task. Our research team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Trying to decide between XTB and OANDA? Our independent database powered by our unbiased research will help you compare XTB vs OANDA side-by-side.

What is Trust Score?

Trust Score is a data-driven rating system that provides an at-a-glance rating of a broker’s overall trust by tracking 60+ brokers and over 100 regulatory jurisdictions across the globe. To make things clearer for everyday traders, we’ve created a five-tier system for regulators and Trust Score rating labels. Learn more about Trust Score, and check out our country guides to see the most trusted brokers in your country of residence.

Can I trust XTB?

XTB has a Trust Score of 96, giving it a "Highly Trusted" Trust Score Label.

Can I trust OANDA?

OANDA has a Trust Score of 93, giving it a "Highly Trusted" Trust Score Label.

Is XTB a good broker?

XTB is a highly trusted brand that holds licenses multiple global regulatory jurisdictions, earning it a Trust Score rating of 96. XTB's proprietary xStation 5 platform delivers a rich selection of trading tools and great usability. XTB provides access to CFDs for a wide range of asset classes, including multiple cryptocurrencies. Beginner forex traders will appreciate XTB's excellent educational content and the hundreds of lessons that are available via its Trading Academy.

Is OANDA a good broker?

Founded in 1996, OANDA is a long-standing, highly trusted broker licensed in an impressive seven Tier-1 regulatory jurisdictions. Forex and CFD traders will find plenty to like at OANDA, including strong market research and support for a range of third-party plug-ins and platforms (like MetaTrader 4 and the wildly popular TradingView). The OANDA Trade platform is available for web, desktop, and mobile. Though the desktop platform is good – not great – the mobile app is easy to use and boasts a great balance of features. The only downside with using OANDA is its comparatively small range of markets and industry-average spreads.

What Tier-1 jurisdictions is each broker regulated in?

Tier-1 is reserved for the strictest, most stringent regulatory jurisdictions in the world. Tier-1 regulators impose additional capital requirements and require a tougher initial screening process. XTB holds regulatory licenses in the following Tier-1 jurisdictions: United Kingdom (U.K.) (FCA Authorised). OANDA, on the other hand, is licensed in these Tier-1 regulatory jurisdictions: Australia (ASIC Authorised), Canada (CIRO Authorised), Japan (SFC Authorised), Singapore (MAS Authorised), United Kingdom (U.K.) (FCA Authorised) and USA (CFTC Authorized). Neither have Hong Kong (SFC Authorised), CBI Authorised (Ireland), New Zealand (FMA Authorised) and Switzerland (FINMA Authorised)

What Tier-2 jurisdictions is each broker regulated in? What about Tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, XTB is Cyprus (CySEC Authorised), South Africa (FSCA Authorised) and UAE (DFSA/Central Bank Authorised), while OANDA is none.. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised) and Thailand (SEC Authorised). When comparing tier-3 licenses XTB is Belize (FSC Authorised), while OANDA is British Virgin Islands (FSC Authorised).. Neither have Bahamas (SCB Authorised), Bermuda (BMA Authorised), Cayman Islands (CIMA Authorised), Mauritius (FSC Authorised) and Vanuatu (VFSC Authorised).

Which broker offers more trading platforms?

Whether your broker develops its own proprietary platforms or provides access to popular third-party platforms, you should make sure you can use your preferred type of trading platform. In our testing, we found that both XTB and OANDA offer a Proprietary Platform and Desktop Platform (Windows). Neither have cTrader, DupliTrade and ZuluTrade

Does XTB offer MetaTrader? Does OANDA offer MetaTrader?

For MetaTrader XTB provides neither of these, while OANDA provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.

How do XTB and OANDA differ in terms of minimum deposit? What about average spreads and funding options?

XTB requires a minimum deposit of $0, while OANDA requires a minimum deposit of $0. You'll also want to make sure that your broker accepts the funding options and deposit methods that work best for you. In our testing, we've found that both XTB and OANDA offer Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for deposits

Which broker offers more tradeable asset classes, XTB or OANDA?

When choosing a forex broker, it’s important to consider each broker’s available investment products and tradeable asset classes. We’ve researched each broker’s individual offering of investments to help you pick the right broker for what you want to trade. During our testing, we found that XTB delivers a more diverse selection of investment options than OANDA, offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs), Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD).

We also keep track of each broker’s total number of tradeable symbols; XTB offers 6100, and OANDA offers a total of 1744 tradeable symbols.

Can I trade cryptocurrency with XTB or OANDA?

Crypto trading has become popular among forex traders across a range of international jurisdictions. As a result, many forex brokers now offer crypto products to their clients; most crypto assets are offered either as an underlying physical asset (such as when you own actual bitcoin assets, for example) or as a derivative product like a CFD. If you are looking to trade physical cryptocurrencies, you’ll find that XTB offers clients access to trading physical cryptocurrencies while OANDA does not.

Who offers more research tools, XTB or OANDA?

Market research plays a huge role in any forex trader’s ability to conduct analysis within the global forex market. We test each broker’s research offering to help you decide which broker is right for your technical or fundamental analysis needs. XTB delivers the following research tools: Daily Market Commentary, Stock Charts and Forex News (Top-Tier Sources). OANDA, on the other hand, provides the tools listed here: Autochartist, Daily Market Commentary, Forex News (Top-Tier Sources) and Social Trading / Copy Trading. Neither have Trading Central (Recognia)

Broker Reviews

Still looking for more information, read our broker reviews.

XTB Group Review

OANDA Review

Overall winner: XTB

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announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.


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