Written by ForexBrokers.com
In this head to head comparison of OANDA vs Exness, 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 Exness are both online brokers with notable trust ratings, yet they differ in their regulatory standings. Established in 1996, OANDA holds a strong position with a ForexBrokers.com Trust Score of 93, placing it in the highly trusted category. It is regulated through seven Tier-1 licenses, which are considered a benchmark for high trust. Notably, OANDA is not publicly traded and does not operate as a bank, adding a simpler layer to its business model.
In comparison, Exness, founded in 2008, has a Trust Score of 81, categorizing it as trusted. While Exness is regulated with two Tier-1 licenses, it also holds three Tier-2 licenses. Similar to OANDA, Exness is not publicly listed and isn’t a bank. Both brokers have established reputations, but OANDA's greater number of top-tier licenses and higher trust score could be appealing to those seeking heightened regulatory assurance.
| Feature |
OANDA
|
Exness
|
|---|---|---|
| Year Founded | 1996 | 2008 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 0 | 3 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 3 |
When comparing online brokers OANDA and Exness in terms of commissions and fees, both platforms offer distinct pricing structures that appeal to different trading preferences. OANDA is noted for its efficient forex trading execution, although its costs are generally considered higher compared to leading brokers. Its default and core pricing structures include bid/ask spreads that are comparable to brokers like FOREX.com and FxPro but can be higher unless one opts for the core pricing structure. With core pricing, OANDA offers lower spreads and charges a per-side commission of $5 per $100,000 worth of currency, resulting in marginally lower all-in costs compared to the default pricing. Notably, OANDA opens the door for micro trading with a minimum trade size as low as 1 unit. OANDA earns a 4-star rating for its commissions and fees, placing it at #34 among 63 brokers according to ForexBrokers.com.
Exness provides a flexible range of account types, each tailored to different trading needs and cost structures. Among its offerings, two accounts come with commissions but feature lower spreads, while the others are commission-free yet have higher spreads. Notably, the Pro account allows for both instant and market execution, while the Zero Spread and Raw accounts offer competitive conditions with specific per-trade commissions of $0.05 and up to $7 per round turn lot, respectively. The Zero Spread account leverages market execution with unrestricted leverage, whereas the Raw account ensures minimal spreads. Similar to OANDA, Exness is also rated with 4 stars for its commissions and fees, positioned closely behind at #35 in ForexBrokers.com's rankings.
Both OANDA and Exness have been recognized with a 4-star rating for their structured fee systems, though they differ in specific features like trading execution methods and account types that cater to various trading strategies. OANDA stands out with its emphasis on pricing transparency and support for micro lots, benefiting traders who prefer smaller contract sizes or require detailed spread information. Meanwhile, Exness offers varied account types that cater across the board from social trading to zero spread accounts, giving traders more choice in how they manage trading costs and methods. Ultimately, both platforms present viable options with solid rankings, allowing traders to select based on their unique trading needs and preferences.
| Feature |
OANDA
|
Exness
|
|---|---|---|
| Minimum Deposit | $0 | $10 |
| Average Spread EUR/USD - Standard | 1.61 | N/A |
| All-in Cost EUR/USD - Active | 1.61 | 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.
When comparing OANDA and Exness in terms of their investment offerings, both brokers provide forex trading options as CFDs and spot contracts, making them viable choices for currency traders. OANDA stands out with an impressive 3,928 tradeable symbols, significantly surpassing Exness's 227 symbols. While Exness offers a higher number of tradeable forex pairs at 96 compared to OANDA's 68, it lacks the breadth of other non-forex instruments available at OANDA. Both brokers do not offer exchange-traded securities on U.S. or international exchanges, focusing instead on CFDs and spot contracts.
Additionally, both OANDA and Exness provide copy trading features, enhancing the trading experience for users looking to mirror successful strategies. However, only OANDA allows the purchase of actual cryptocurrencies, offering an edge for those interested in owning digital currencies rather than just speculating on their price movements through derivatives, which both brokers offer. This broad range of investment options contributes to OANDA's 4-star rating for Range of Investments, ranking it 27th by ForexBrokers.com among 63 brokers, while Exness earns a 3.5-star rating, placing it at 55th in the same category.
| Feature |
OANDA
|
Exness
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3928 | 227 |
| Forex Pairs (Total) | 68 | 96 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | 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.
When comparing trading platforms and tools, both OANDA and Exness provide a well-rounded experience with a range of features that cater to different trader needs. Both brokers offer simulated trading through free virtual demo accounts, allowing you to practice without financial risk. They also provide proprietary platforms developed in-house and a variety of other platforms, including Windows-based desktop downloads and web-based interfaces. Additionally, both OANDA and Exness support popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and permit copy trading, enhancing their functionality for traders interested in mimicking the strategies of seasoned professionals.
Despite their similarities, OANDA and Exness differ in certain areas, particularly in the number of charting tools available. OANDA offers a substantial 431 drawing tools for charting, compared to Exness's 87. Although they both enable trading directly from stock charts, OANDA provides six watchlist columns while Exness offers seven. Rated four out of five stars, both brokers are praised for their trading platforms and tools; however, OANDA ranks slightly higher at #15 according to ForexBrokers.com, compared to Exness's #26. These subtle differences might influence your decision based on your prioritization of charting capabilities and platform rankings.
| Feature |
OANDA
|
Exness
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| 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) | 81 | 107 |
| Charting - Drawing Tools (Total) | 431 | 87 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
For those exploring mobile trading apps, both OANDA and Exness offer convenient options for iPhone and Android devices. They both provide essential features, allowing traders to receive stock or forex price alerts and draw trendlines on charts. In terms of charting capabilities, OANDA provides 30 technical studies, while Exness edges ahead with 35. Both brokers allow viewing of multiple time frames, such as daily, weekly, or intraday, which is ideal for diverse trading strategies. However, a standout point for OANDA is its ability to auto-save chart drawings, a feature not available with Exness' app.
When it comes to watchlist capabilities, both OANDA and Exness allow users to create watchlists with real-time quotes. However, neither app offers watchlist symbol syncing with the user’s online account. Mobile app ratings show a clear preference, with OANDA achieving a 5-star rating, ranking #7 among 63 brokers reviewed by ForexBrokers.com. In comparison, Exness holds a 4-star rating and is ranked #26. These rankings reflect OANDA's slightly more favorable reception in the mobile trading community.
| Feature |
OANDA
|
Exness
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 35 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing OANDA and Exness for market research, both brokers provide daily market commentary and forex news from prestigious sources like Bloomberg, Reuters, and Dow Jones. They also offer sentiment-based trading tools that give traders insights into the market's long and short positions. Furthermore, OANDA and Exness both deliver economic calendars for tracking significant global events. However, the two brokers diverge in their partnership with research tool providers. OANDA utilizes Autochartist for technical analysis, while Exness opts for Trading Central's analytics, which may appeal to different trading styles and preferences.
In terms of overall research capabilities, OANDA edges out Exness. OANDA is highly rated, scoring five stars and securing the fifth spot among 63 brokers in the Research category according to ForexBrokers.com. In contrast, Exness receives a rating of 3.5 stars and ranks 41st in the same category. While neither broker offers research tools from TipRanks or Acuity Trading, OANDA's superior ranking and comprehensive resources may make it the more attractive option for those prioritizing in-depth market analysis.
| Feature |
OANDA
|
Exness
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, OANDA and Exness both offer a wealth of materials to aid newcomers in grasping forex and CFD trading basics. Both platforms provide a variety of educational pieces including articles, videos, and archived webinars focusing on these subjects. However, OANDA takes a step further with monthly online webinars targeting client education, while Exness lacks this feature. Additionally, both brokers offer searchable archives of previously recorded webinars, allowing users to revisit past sessions at their convenience.
For beginners specifically, both OANDA and Exness provide over 10 educational videos each, although OANDA distinguishes itself by also catering to more advanced traders with further specialized videos. Furthermore, both brokers feature comprehensive investor dictionaries with more than 50 investing terms. Overall, OANDA is rated higher in education with five stars, compared to Exness's 3.5 stars, reflecting its thorough offerings. OANDA is ranked 22nd out of 63 brokers by ForexBrokers.com in education, whereas Exness is placed at 47th, demonstrating OANDA's superior standing in educational resources for traders.
| Feature |
OANDA
|
Exness
|
|---|---|---|
| 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 Exness. OANDA finished with an overall rank of #12, while Exness finished with an overall rank of #43.
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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Exness
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|---|---|---|
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| Trust Score | 93 | 81 |
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OANDA allows users to purchase actual cryptocurrencies with delivery and offers cryptocurrency derivatives, whereas Exness provides only cryptocurrency derivatives and does not offer the option to buy actual delivered cryptocurrencies.
When comparing the online brokers OANDA and Exness, it's clear that OANDA provides a wider range of deposit and withdrawal options with support for ACH or SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, whereas Exness offers Skrill, Visa or Mastercard, and bank wires but lacks ACH, SEPA, and PayPal facilities.
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 | Exness | |
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| Trust Score | 93 | 81 | |
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| Review | OANDA Review | Exness Review |
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| Regulation | OANDA | Exness | |
|---|---|---|---|
| Trust Score | 93 | 81 | |
| Year Founded | 1996 | 2008 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 0 | 3 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 3 |
| Tier-1 Licenses (Highly Trusted) | OANDA | Exness | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| 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 | Exness | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | Yes | |
| 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 | Yes |
| Investments | OANDA | Exness | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3928 | 227 | |
| Forex Pairs (Total) | 68 | 96 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | 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 | Exness | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.61 | N/A | |
| All-in Cost EUR/USD - Active | 1.61 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | OANDA | Exness | |
|---|---|---|---|
| Minimum Deposit | $0 | $10 | |
| 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 | Exness | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| 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 | Exness | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 81 | 107 | |
| Charting - Drawing Tools (Total) | 431 | 87 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | Exness | |
|---|---|---|---|
| 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 | 35 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | OANDA | Exness | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | Exness | |
|---|---|---|---|
| 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 | Exness | |
|---|---|---|---|
| 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 | Exness Review |
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| Trust Score | 93 | 81 | |
| Winner | check_circle | ||
| Review | OANDA Review | Exness Review |
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