Written by ForexBrokers.com
In this head to head comparison of OANDA vs Spreadex, 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.
Online broker OANDA vs Spreadex: OANDA was founded in 1996 and Spreadex in 1999. Neither firm is publicly traded or a bank. ForexBrokers.com’s Trust Score (0–99) tiers are: 90–99 highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and under 59 not trusted.
Regulation and trust: OANDA holds 7 Tier-1 licenses (considered highly trusted by ForexBrokers.com) and 0 Tier-2 licenses, earning a 92/99 Trust Score (highly trusted). Spreadex holds 1 Tier-1 license and 0 Tier-2 licenses, with a 70/99 Trust Score (average risk). In plain terms, OANDA offers broader top-tier regulatory coverage than Spreadex.
| Feature |
OANDA
|
Spreadex
|
|---|---|---|
| Year Founded | 1996 | 1999 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When it comes to commissions and fees, OANDA is generally more expensive than many top forex brokers. Its spreads are often higher than average, with the default pricing on EUR/USD coming in at 1.61 pips in July 2024. OANDA does offer a lower-cost core pricing option, but it includes a commission of $5 per $100,000 traded per side and requires a $10,000 minimum deposit. In plain terms, the lower spread can help offset the commission, but the total cost is still only slightly better than the standard account. OANDA earns 4 stars for commissions and fees and ranks #32 out of 36 brokers.
Spreadex comes out cheaper on spreads in this comparison. Its average EUR/USD spread was 0.81 pips in January 2024, with a minimum spread of 0.6 pips available 60% of the time during the month. That makes Spreadex the lower-cost choice for traders who want tighter everyday pricing and fewer surprises. Spreadex also receives 4 stars for commissions and fees, and it is ranked #27 out of 36 brokers.
Overall, both brokers are rated the same, but Spreadex has the edge on pricing. OANDA may appeal to traders who value its execution and very small trade sizes, while Spreadex is the better pick if your main goal is to keep trading costs down.
| Feature |
OANDA
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average spread (EUR/USD) - Spread-only account | 1.68 | 0.81 |
| All-in Cost EUR/USD - Raw spread account | 1.69 | N/A |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
OANDA and Spreadex both let you trade forex as either CFDs or spot contracts, but they differ in the breadth and type of markets they offer. OANDA lists 4,172 tradeable symbols and 69 forex pairs, while Spreadex offers a larger overall catalog with 10,000 symbols but fewer forex pairs at 52. OANDA also stands out for giving clients access to exchange-traded U.S. and international shares, copy trading, and both actual cryptocurrency and crypto CFDs. Spreadex does not offer exchange-traded securities, copy trading, or direct crypto ownership, though it does provide cryptocurrency CFDs.
For range of investments, ForexBrokers.com rates OANDA 4.5 out of 5 stars and ranks it #20 out of 36 brokers, while Spreadex earns 5 out of 5 stars and ranks #13 out of 36. In simple terms, OANDA offers more variety across asset types, especially if you want shares, copy trading, or real crypto, while Spreadex focuses on a wider total number of symbols and a stronger overall rating in this category.
| Feature |
OANDA
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4172 | 10000 |
| Forex Pairs (Total) | 69 | 52 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | Yes | No |
| Cryptocurrency (CFDs) | 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 Spreadex both give traders access to a free demo account, a proprietary platform, web-based trading, and the ability to trade directly from a chart. Both brokers also earned 4 out of 5 stars for Trading Platforms and Tools, which suggests that each offers a solid set of features for everyday trading. However, OANDA stands out for broader platform choice, since it also offers a Windows desktop download, copy trading, and support for both MetaTrader 4 and MetaTrader 5.
For traders who want more ways to access the market and use third-party tools, OANDA has the edge overall. Spreadex still covers the basics well and may suit traders who only need browser-based access and a simple platform setup. In ForexBrokers.com’s Trading Platforms and Tools ranking, OANDA placed #16 out of 36 brokers, while Spreadex came in at #37, showing OANDA as the stronger pick in this category.
| Feature |
OANDA
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 89 | 58 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
OANDA and Spreadex both offer mobile trading apps for iPhone and Android, and both let users set stock or forex price alerts. Each app also supports drawing trendlines on charts, which can help with basic technical analysis on the go. However, neither broker offers watchlist symbol syncing between the mobile app and the online account, so changes made in one place do not update the other.
Where OANDA stands out is in charting and overall mobile app quality. Its app includes 30 technical studies and automatically saves chart drawings, while Spreadex does not list technical studies for its mobile charting and does not auto save drawings. That difference is reflected in ratings and rankings as well: OANDA earns 5 stars for Mobile Trading Apps and ranks #7 out of 36 brokers, compared with Spreadex at 4 stars and #36.
| Feature |
OANDA
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
OANDA and Spreadex both give traders a strong selection of market research tools. Each offers daily market commentary, forex news from leading sources like Bloomberg and Reuters, Autochartist tools, sentiment data showing long and short positioning, and an economic calendar for upcoming global events. Neither broker includes Trading Central, TipRanks, or Acuity Trading research tools, so their research offering is focused on the same core features.
Where they differ is in overall research quality and ranking. OANDA is rated 5 out of 5 stars for Research and ranks #4 out of 36 brokers at ForexBrokers.com, while Spreadex is rated 4 out of 5 stars and ranks #29. For traders comparing market research, OANDA has the edge because it scores higher overall, even though both brokers cover the main research basics well.
| Feature |
OANDA
|
Spreadex
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central | No | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for learning support, OANDA stands out over Spreadex in several key areas. OANDA offers forex and CFDs education, monthly educational webinars, and at least 10 beginner videos as well as 10 advanced videos, giving new and more experienced traders a wider range of ways to learn. It is also rated 5 stars for Education and ranks 18th out of 36 brokers in the ForexBrokers.com Education category.
Spreadex also provides at least 10 beginner trading videos, but it does not offer monthly educational webinars and does not meet the same level of forex or CFDs education coverage as OANDA. It also falls short on advanced video content, with fewer than 10 advanced educational videos available. Spreadex is rated 4 stars for Education and ranks 36th out of 36 brokers, making OANDA the stronger choice for beginners who want more structured learning resources.
| Feature |
OANDA
|
Spreadex
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
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 Spreadex. OANDA finished with an overall rank of #14, while Spreadex finished with an overall rank of #33.
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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Spreadex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 92 | 70 |
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OANDA vs Spreadex: OANDA lets you buy actual (delivered) cryptocurrency and trade crypto CFDs, while Spreadex only offers cryptocurrency CFDs and does not support purchasing delivered coins.
Compared with Spreadex, OANDA offers broader deposit and withdrawal options—including ACH/SEPA, PayPal, Skrill, and bank wire transfers—while Spreadex supports bank wire transfers only and does not support ACH/SEPA, PayPal, or Skrill.
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 | Spreadex | |
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| Trust Score | 92 | 70 | |
| Winner | check_circle | ||
| Review | OANDA Review | Spreadex Review |
| Broker Screenshots | OANDA | Spreadex | |
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| Regulation | OANDA | Spreadex | |
|---|---|---|---|
| Trust Score | 92 | 70 | |
| Year Founded | 1996 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | OANDA | Spreadex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA 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 | No |
| Tier-2 Licenses (Trusted) | OANDA | Spreadex | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | OANDA | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4172 | 10000 | |
| Forex Pairs (Total) | 69 | 52 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | Yes | No | |
| Cryptocurrency (CFDs) | 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 | Spreadex | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 1.68 | 0.81 | |
| All-in Cost EUR/USD - Raw spread account | 1.69 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | OANDA | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| Trading Platforms | OANDA | Spreadex | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No |
| Trading Tools | OANDA | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 89 | 58 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | Spreadex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | OANDA | Spreadex | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | Spreadex | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | OANDA | Spreadex | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| Review | OANDA Review | Spreadex Review |
| Overall | OANDA | Spreadex | |
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| Trust Score | 92 | 70 | |
| Winner | check_circle | ||
| Review | OANDA Review | Spreadex Review |
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