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 |
OANDA and Spreadex both earn 4 out of 5 stars for commissions and fees, but Spreadex ranks a bit higher overall in this category, coming in at #26 out of 36 brokers, while OANDA ranks #31 out of 36. In plain terms, Spreadex tends to offer tighter forex spreads, with an average EUR/USD spread of 0.81 pips in January 2024 and a minimum spread of 0.6 pips that was available 60% of the time during the month. OANDA’s pricing is generally higher, with an average non-core EUR/USD spread of 1.61 pips in July 2024.
OANDA does offer a core pricing option that lowers spreads, but it adds a commission of $5 per $100,000 traded on each side, or about $10 per round turn standard lot, and requires a $10,000 minimum deposit. Even with that lower spread, the all-in cost is only slightly better than the standard commission-free setup. OANDA also stands out for its very small trade size of just 1 unit, along with rebate programs for active traders in some regions.
Overall, Spreadex looks more cost-friendly for most traders who want simpler, lower forex trading costs, while OANDA may appeal more to traders who value flexible trade sizes, automated execution, and occasional rebates. OANDA also publishes trailing spread averages for added pricing transparency, though it can still be harder to compare its costs directly with brokers that report fixed-period averages.
| 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 a free demo account, a web-based platform, and their own in-house trading platform, and both let you place trades directly from a chart. Each is also rated 4 out of 5 stars for Trading Platforms and Tools. Where OANDA stands out is choice: it offers a Windows desktop download platform, copy trading, and access to MetaTrader 4 and MetaTrader 5, which may appeal to traders who want more platform options and familiar third-party software.
Spreadex covers the essentials well, but its platform lineup is more limited because it does not offer a desktop download, copy trading, MT4, or MT5. In ForexBrokers.com’s ranking for Trading Platforms and Tools, OANDA places #16 out of 36 brokers, while Spreadex comes in at #36, showing a clear edge for OANDA in this category for traders comparing online broker tools and platform flexibility.
| 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 each includes stock or forex price alerts. Both apps also let users draw trendlines on charts, but neither offers watchlist symbol syncing between the mobile app and the online account. Where OANDA stands out is in charting: its app includes 30 technical studies and automatically saves chart drawings, while Spreadex does not list technical studies in its mobile app and does not auto-save drawings.
Overall, OANDA has the stronger mobile trading app experience. It earns 5 stars for Mobile Trading Apps and ranks #7 out of 36 brokers at ForexBrokers.com, compared with Spreadex at 4 stars and #35. For traders who want better chart tools and smoother chart management on the go, OANDA is the better choice.
| 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 trading education, OANDA comes out ahead of Spreadex. OANDA offers forex and CFDs education with plenty of learning materials, plus online educational webinars at least once a month. It also provides at least 10 beginner videos and at least 10 advanced videos, making it a better fit for traders who want to keep learning as they move from the basics to more advanced topics. OANDA is rated 5 stars for Education and is ranked #18 out of 36 brokers by ForexBrokers.com in this category.
Spreadex does offer at least 10 beginner educational videos, so new traders can still find some helpful starting points. However, it does not meet the same level of forex or CFDs education as OANDA, and it does not offer monthly educational webinars. It also lacks at least 10 advanced educational videos, which may matter for traders who want to go beyond the basics. Spreadex is rated 4 stars for Education and is ranked #35 out of 36 brokers by ForexBrokers.com.
| 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 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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