Written by ForexBrokers.com
In this head to head comparison of OANDA vs ATFX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
OANDA and ATFX are both well-regarded online brokers, though they differ in terms of experience and regulatory backing. Founded in 1996, OANDA has established itself with a Trust Score of 93 out of 99 from ForexBrokers.com, indicating a high level of trust. OANDA supports its reliable reputation with seven Tier-1 licenses, which are considered the gold standard by industry regulators. While OANDA is not publicly traded and does not operate as a bank, its long-standing presence in the market contributes to its strong standing.
In contrast, ATFX, founded in 2017, also maintains a trustworthy profile with a solid Trust Score of 85. It holds four Tier-1 licenses, complemented by two Tier-2 licenses, which demonstrate its commitment to meeting regulatory standards. Like OANDA, ATFX is neither publicly traded nor operates as a bank. Although relatively newer in the field, ATFX has quickly become a notable name in the online brokerage sector, thanks in part to its adherence to trusted regulatory practices.
| Feature |
OANDA
|
ATFX
|
|---|---|---|
| Year Founded | 1996 | 2017 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 4 |
| Tier-2 Licenses | 0 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
Comparing commissions and fees, OANDA earns 4 out of 5 stars and ranks #35 of 63 brokers, while ATFX earns 3 out of 5 stars and ranks #61 of 63. ATFX does not provide average spread data, which makes a direct, apples-to-apples price comparison difficult.
OANDA’s trading costs tend to be on the high side versus the cheapest brokers. Its non-core average spread on EUR/USD was 1.61 pips in July 2024. The optional Core pricing cuts the spread but adds a commission of $5 per $100,000 per side (about $10 per round turn per standard lot) and requires a $10,000 minimum deposit. In a common scenario, a 1.6‑pip default spread versus a 0.4‑pip Core spread plus a 1‑pip commission equivalent results in a 1.4‑pip all-in cost—slightly cheaper than default pricing. OANDA also allows trade sizes down to 1 unit (well below a micro lot), offers automated execution, and provides active-trader rebates in select regions ($5–$17 per million) along with potential TradingView subscription reimbursements. Note: OANDA publishes trailing average spreads rather than fixed-period averages, which limits exact comparisons.
Because ATFX does not publish average spreads, its pricing transparency is limited compared to OANDA. Traders evaluating ATFX should review live quotes, account types, and any stated commissions to estimate real trading costs. By contrast, OANDA supplies more detail on spreads and commissions, plus optional rebates—though its overall pricing still isn’t among the lowest in the market.
| Feature |
OANDA
|
ATFX
|
|---|---|---|
| Minimum Deposit | $0 | $500 |
| Average Spread EUR/USD - Standard | 1.69 | N/A |
| All-in Cost EUR/USD - Active | 1.69 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Online brokers OANDA and ATFX both support forex trading as CFDs or spot contracts, but their range of investments differs a lot. OANDA lists 4,172 tradeable symbols and 69 forex pairs, while ATFX offers 150 symbols and 44 pairs. OANDA also lets you buy exchange‑traded stocks directly on U.S. and international exchanges (not CFDs), so you can purchase shares like Apple or Vodafone. ATFX does not provide direct stock dealing on U.S. or overseas exchanges.
Both brokers offer copy trading. Each supports crypto derivatives, but only OANDA also allows buying actual, delivered cryptocurrency. In ForexBrokers.com’s Range of Investments category, OANDA is rated 4 stars and ranks 28th out of 63 brokers; ATFX is rated 3.5 stars and ranks 58th. If you want more markets—including real stocks and crypto—OANDA’s selection is wider. If you prefer a smaller lineup focused on CFDs and forex, ATFX may still suit your needs.
| Feature |
OANDA
|
ATFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4172 | 150 |
| Forex Pairs (Total) | 69 | 44 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
OANDA and ATFX both make it easy to get started with a free demo account and offer Windows desktop and web-based trading. Each supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), and copy trading. The key difference: OANDA also provides its own in-house platform, while ATFX focuses on third‑party platforms. Neither broker connects to DupliTrade or ZuluTrade.
For charting and order entry, both let you trade directly from charts. OANDA lists 74 drawing tools, compared with 15 at ATFX. Watch lists show six fields on OANDA and seven on ATFX. In independent reviews, OANDA earns 4 stars and ranks 15th out of 63 brokers for Trading Platforms and Tools, while ATFX holds 3.5 stars and ranks 63rd. If you want a native platform and more drawing tools, OANDA stands out; if you prefer a MetaTrader‑focused setup and a slightly richer watch list, ATFX is worth a look.
| Feature |
OANDA
|
ATFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 89 | 30 |
| Charting - Drawing Tools (Total) | 74 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Comparing OANDA vs ATFX for mobile trading apps, both brokers offer iPhone and Android apps with price alerts and the ability to create watchlists with real-time quotes. However, neither app syncs watchlist symbols with the web platform, so changes you make on mobile won’t carry over automatically.
For charting, both apps let you draw trendlines, view multiple time frames (like intraday, daily, or weekly), and auto-save your drawings. OANDA stands out with 30 technical studies compared to ATFX’s 7, which gives more room for technical analysis on the go. Reflecting this, OANDA earns 5 stars and is ranked #7 out of 63 brokers by ForexBrokers.com for Mobile Trading Apps, while ATFX holds 3.5 stars and is ranked #64 out of 63.
| Feature |
OANDA
|
ATFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 7 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
OANDA vs ATFX: both deliver daily market commentary and an economic calendar to track key events. OANDA goes further for news, offering forex headlines from top-tier sources like Bloomberg, Reuters, or Dow Jones, while ATFX does not. Each broker provides Autochartist for pattern scanning. ATFX includes Trading Central research (which OANDA lacks), whereas OANDA supplies a sentiment tool showing long vs. short positioning that ATFX does not provide.
Third-party research extras differ too: OANDA does not include TipRanks or Acuity Trading; the data provided does not specify whether ATFX offers TipRanks or Acuity Trading. Based on ForexBrokers.com’s Research ratings, OANDA scores 5 out of 5 stars and ranks #5 of 63 brokers, while ATFX scores 3 out of 5 stars and ranks #55 of 63. In short, choose OANDA if you value premium news and sentiment data; pick ATFX if Trading Central is a must-have.
| Feature |
OANDA
|
ATFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Both OANDA and ATFX give beginners plenty to learn from, with at least 10 forex and CFD educational pieces and a searchable archive of recorded webinars. OANDA stands out by running live client webinars at least once a month, while ATFX does not. Each broker offers 10 or more beginner-focused videos and an investor dictionary with 50+ terms. For traders ready to level up, OANDA also provides 10+ advanced videos, whereas ATFX falls short on advanced video depth.
In independent reviews, OANDA earns 5 stars for Education and ranks #19 out of 63 brokers on ForexBrokers.com, while ATFX earns 3 stars and ranks #28. If you want live webinars and more advanced lessons as you progress, OANDA is the stronger pick. If you mainly need on-demand beginner content with a helpful glossary and archived webinars, ATFX can still do the job.
| Feature |
OANDA
|
ATFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that OANDA is better than ATFX. OANDA finished with an overall rank of #12, while ATFX finished with an overall rank of #51.
A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.
| Feature |
OANDA
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ATFX
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|---|---|---|
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| Trust Score | 93 | 85 |
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OANDA allows users to buy both actual cryptocurrencies and cryptocurrency derivatives, while ATFX offers only cryptocurrency derivatives.
When comparing online brokers OANDA and ATFX, OANDA provides a broader range of deposit and withdrawal options, offering ACH, SEPA, and PayPal alongside Skrill, Visa, Mastercard, and bank wires, whereas ATFX offers Skrill, Visa, Mastercard, and bank wires but lacks ACH, SEPA, and PayPal options.
Please 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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0 of 5| Overall Rating | OANDA | ATFX | |
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| Trust Score | 93 | 85 | |
| Winner | check_circle | ||
| Review | OANDA Review |
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| Regulation | OANDA | ATFX | |
|---|---|---|---|
| Trust Score | 93 | 85 | |
| Year Founded | 1996 | 2017 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 4 | |
| Tier-2 Licenses | 0 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | OANDA | ATFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | OANDA | ATFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | OANDA | ATFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4172 | 150 | |
| Forex Pairs (Total) | 69 | 44 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | OANDA | ATFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.69 | N/A | |
| All-in Cost EUR/USD - Active | 1.69 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | OANDA | ATFX | |
|---|---|---|---|
| Minimum Deposit | $0 | $500 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | OANDA | ATFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | OANDA | ATFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 89 | 30 | |
| Charting - Drawing Tools (Total) | 74 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | ATFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 7 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | OANDA | ATFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | ATFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | OANDA | ATFX | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | OANDA Review |
| Overall | OANDA | ATFX | |
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| Trust Score | 93 | 85 | |
| Winner | check_circle | ||
| Review | OANDA Review |
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