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.
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OANDA, established in 1996, and Spreadex, founded in 1999, are both respected players in the online brokerage sector. Neither of these companies is publicly traded or operates as a bank, but they differ significantly in their regulatory standings. OANDA holds a strong position with seven Tier-1 licenses, guiding it to a Trust Score rating of 93 from ForexBrokers.com, making it a highly trusted choice for traders. In contrast, Spreadex has one Tier-1 license and a Trust Score of 71, which places it in the average risk category according to the same rating system.
Despite their different levels of regulatory credentials, both OANDA and Spreadex provide reliable services, but OANDA’s higher Trust Score and number of Tier-1 licenses might appeal more to those who prioritize regulatory oversight and corporate trustworthiness. Both companies offer unique strengths, but potential clients might lean towards OANDA for greater peace of mind due to its strong regulatory position.
| 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 |
OANDA and Spreadex both earn 4 out of 5 stars for commissions and fees. In the 2024 ForexBrokers.com rankings, OANDA is #30 of 63, while Spreadex is #25 of 63. The key difference is cost structure: OANDA offers default (commission-free) and core (commission-based) pricing with ultra-small trade sizes, while Spreadex’s published EUR/USD spreads point to leaner day-to-day costs in the period cited.
OANDA’s forex costs skew higher versus the lowest-cost brokers. In July 2024, the average EUR/USD spread under its default pricing was 1.61 pips. Core pricing trims the spread (example: ~0.4 pips) but adds a commission of $5 per side per $100,000 traded ($10 round turn), yielding an all-in example of about 1.4 pips—slightly better than the default 1.6 pips—though it requires a $10,000 minimum deposit. OANDA enables tiny order sizes down to 1 unit, offers volume-based rebates ($5–$17 per million for traders doing 10M+), and reimburses some TradingView subscriptions. It publishes trailing average spreads for transparency, but not fixed-period averages, which can make apples-to-apples comparisons tricky.
Spreadex reported an average EUR/USD spread of 0.81 pips in January 2024, with a 0.6-pip minimum achieved 60% of the month. Based on these figures, Spreadex’s EUR/USD pricing appears tighter than OANDA’s example costs, though the time frames differ. If your priority is the lowest typical spread on EUR/USD, Spreadex looks competitive; if you value micro-sized orders, an optional commission plan, and potential high-volume rebates, OANDA may appeal despite its generally higher effective 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 CFDs or spot, but their product lineups differ in key ways. Spreadex lists about 10,000 tradeable symbols, outpacing OANDA’s 4,172. However, OANDA offers more forex pairs (69 vs. 52). Both brokers support cryptocurrency CFDs, yet only OANDA lets you buy actual crypto. OANDA also provides direct access to exchange-traded shares on U.S. and international exchanges, while Spreadex focuses on derivatives and does not offer real shares. Another distinction: OANDA supports copy trading; Spreadex does not.
For Range of Investments, ForexBrokers.com rates OANDA 4 stars (ranked #20 out of 63) and Spreadex 5 stars (ranked #13). In short, Spreadex stands out for sheer instrument count, while OANDA adds breadth in other areas, including more forex pairs, direct share dealing, copy trading, and access to actual cryptocurrency.
| 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 make it easy to practice with a free demo (paper) trading account and each offers a proprietary trading platform you can use in your web browser. OANDA also provides a Windows desktop platform, while Spreadex does not. If you’re looking for MetaTrader, OANDA supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), whereas Spreadex supports neither. Both brokers let you place trades directly from a chart, which is helpful for timing entries and exits.
For tools, OANDA stands out with copy trading, which Spreadex does not offer. Both earn 4 stars for Trading Platforms and Tools, but their standings differ: OANDA is ranked 16th out of 63 brokers by ForexBrokers.com for this category, while Spreadex is ranked 34th. In short, choose OANDA if you want MT4/MT5, a Windows desktop option, or copy trading; choose Spreadex if a straightforward proprietary web platform and a demo account meet your needs.
| 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 full-featured iPhone and Android apps, and each supports price alerts for forex and other markets. Neither broker syncs watchlists between the mobile app and the web platform, so changes you make in one place won’t appear in the other. For charting, OANDA lists 30 technical studies (indicators), while Spreadex doesn’t specify a number. Both apps let you draw trendlines, but only OANDA automatically saves your drawings for the next time you open the chart.
In independent testing, OANDA earns 5 stars for its mobile trading apps, while Spreadex scores 4 stars. According to ForexBrokers.com, OANDA ranks #7 out of 63 brokers for Mobile Trading Apps, compared with Spreadex at #33. If you value richer chart tools and saved annotations on the go, OANDA has the edge; if you mainly need alerts and basic chart drawing, Spreadex still covers the essentials.
| 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 cover the essentials for market research. Each provides daily market commentary, real-time forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, Autochartist tools for technical ideas, a sentiment tool showing long/short positioning, and an economic calendar. Neither broker offers Trading Central, TipRanks, or Acuity Trading integrations.
Where they differ is in third-party evaluations: OANDA earns 5 stars for Research and ranks #4 out of 63 brokers at ForexBrokers.com, while Spreadex holds 4 stars and ranks #27. If you want a higher-rated overall research experience, OANDA has the edge; if you just need the core news, tools, and calendar, Spreadex delivers those 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 comparing OANDA vs Spreadex on education, both brokers provide a library of forex and CFD learning materials with at least 10 pieces, and each offers 10+ beginner-focused videos that explain trading basics in plain language. A key difference is live instruction: OANDA hosts monthly educational webinars, while Spreadex does not, which can matter if you prefer interactive sessions and Q&A.
When it comes to depth, OANDA also delivers 10+ advanced trading videos, whereas Spreadex falls short on advanced topics. Reflecting this, OANDA earns 5 stars for Education and is ranked #18 out of 63 brokers by ForexBrokers.com, while Spreadex receives 4 stars and ranks #33. If you want ongoing webinars and more advanced lessons as you progress, OANDA has the edge; if you only need beginner videos and basic coverage, Spreadex can still fit the bill.
| 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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|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 71 |
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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 | 93 | 71 | |
| Winner | check_circle | ||
| Review | OANDA Review | Spreadex Review |
| Broker Screenshots | OANDA | Spreadex | |
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| Regulation | OANDA | Spreadex | |
|---|---|---|---|
| Trust Score | 93 | 71 | |
| 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 SCA 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 | 93 | 71 | |
| Winner | check_circle | ||
| Review | OANDA Review | Spreadex Review |
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