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 standard pricing can have fairly wide spreads, with EUR/USD averaging 1.61 pips in July 2024, while its core pricing offers tighter spreads but adds a commission of $5 per $100,000 traded per side. That means core pricing can be a better deal overall, but only for traders who meet the $10,000 minimum deposit. OANDA also stands out for its very small trade size of just 1 unit, plus possible rebates for high-volume traders in some regions. OANDA is rated 4 stars and ranked #30 out of 36 for Commissions and Fees by ForexBrokers.com.
Spreadex comes across as the cheaper choice on pricing alone, with average EUR/USD spreads of 0.81 pips in January 2024 and a minimum spread of 0.6 pips available 60% of the time during that month. This makes Spreadex more attractive for traders who want lower everyday trading costs without needing to pay extra commission. Spreadex is also rated 4 stars and ranked #25 out of 36 for Commissions and Fees by ForexBrokers.com.
In short, both brokers earn the same star rating, but Spreadex ranks better and appears to offer lower trading costs overall. OANDA may still appeal to traders who value its smaller trade sizes, automated execution, and rebate options, while Spreadex is the stronger pick for fee-conscious traders comparing spreads.
| Feature |
OANDA
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average spread (EUR/USD) - Standard account | 1.68 | 0.81 |
| All-in Cost EUR/USD - Active | 1.69 | N/A |
| Non-wire bank transfer | 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, and a web-based platform, so each broker covers the basics for testing strategies and trading in the browser. Both also let you trade directly from a chart, and each earns 4 out of 5 stars for Trading Platforms and Tools. However, OANDA has a wider platform selection overall, since it also offers a Windows desktop download, MetaTrader 4, MetaTrader 5, and copy trading, while Spreadex does not offer those extras.
In third-party rankings, OANDA also comes out ahead on platform and tool quality, placing #16 out of 36 brokers compared with Spreadex at #34. For traders who want more platform choice and added tools, OANDA has the edge, while Spreadex may appeal to those who only need a simpler setup with the main trading features in place.
| 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, along with stock or forex price alerts and the ability to draw trendlines on charts. Neither broker offers watchlist symbol syncing between the mobile app and the online account, so changes made in one place do not automatically appear in the other. For charting, OANDA stands out with 30 technical studies in its app, while Spreadex does not list a technical studies count.
Overall, OANDA has the edge for mobile trading. Its app auto-saves chart drawings, earns a 5-star rating for Mobile Trading Apps, and is ranked #7 out of 36 brokers by ForexBrokers.com. Spreadex’s app is rated 4 stars and ranks #33 out of 36, making it a more basic choice for traders who want a strong mobile charting and app experience.
| 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 solid set of market research tools, including daily market commentary, forex news from major sources like Bloomberg and Reuters, Autochartist tools, sentiment data showing long and short positioning, and an economic calendar for tracking key global events. Neither broker offers Trading Central, TipRanks, or Acuity Trading research tools, so the research line-up is fairly similar at a glance.
Where OANDA stands out is in independent ratings and rankings: it earns 5 out of 5 stars for Research and ranks #4 out of 36 brokers at ForexBrokers.com, while Spreadex scores 4 out of 5 stars and ranks #27. For traders who want the stronger research offering overall, OANDA has the edge, even though both brokers cover the 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.
When it comes to beginner-friendly learning, OANDA gives new traders more to work with than Spreadex. OANDA offers forex and CFD education with at least 10 learning pieces, monthly educational webinars, and plenty of videos for both beginners and experienced traders. That wider mix helps make it easier for newcomers to build knowledge step by step. Spreadex also provides at least 10 beginner trading videos, but it does not offer monthly educational webinars and falls short on advanced video content and broader forex or CFD learning materials.
Overall, OANDA has the edge for education, earning 5 stars and a ForexBrokers.com ranking of #18 out of 36 brokers in the Education category. Spreadex is rated 4 stars and ranks #33, which still shows a decent level of support for beginners but less depth for traders who want to keep learning over time. If you want more structured educational help and a wider range of trading lessons, OANDA is the stronger choice.
| 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 #13, while Spreadex finished with an overall rank of #32.
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
|
|---|---|---|
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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) - Standard account | 1.68 | 0.81 | |
| All-in Cost EUR/USD - Active | 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 | 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 Watchlist [DELETED] | |||
| 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 | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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