Written by ForexBrokers.com
In this head to head comparison of StoneX Trading vs OANDA, 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.
StoneX Trading and OANDA are both well-known online brokers, and each is rated highly for trust by ForexBrokers.com. StoneX Trading was founded in 1983, is publicly traded, and is not a bank. It holds 7 Tier-1 licenses and 1 Tier-2 license, giving it a Trust Score of 99 out of 99, which places it in the highly trusted range. OANDA was founded in 1996, is not publicly traded, and is also not a bank. It holds 7 Tier-1 licenses and no Tier-2 licenses, with a Trust Score of 92 out of 99, which also falls in the highly trusted range.
In simple terms, both brokers are considered very safe choices based on their regulatory standing, but StoneX Trading has the edge in overall trust rating and public-company status. Since Tier-1 licenses are viewed as the strongest level of regulation, both brokers show a strong compliance profile, while StoneX Trading’s extra Tier-2 license and perfect Trust Score may appeal to traders looking for the highest possible rating.
| Feature |
StoneX Trading
|
OANDA
|
|---|---|---|
| Year Founded | 1983 | 1996 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 7 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
StoneX Trading offers commissions and fees that are about in line with the industry average for CFDs, forex, and spread betting. Its pricing is usually best when clients use StoneX’s own platforms or MetaTrader, and its EUR/USD spread averaged 0.74 pips in July 2023, which is competitive but still not quite as low as the best-priced forex brokers. Active traders may also qualify for rebates and discounts, with U.K. professional trader rebates starting at £4 per million and rising to £7.5 per million, while Australian rebates range from AUD $4.5 per million to AUD $14.5 per million. StoneX Trading is rated 4.5 out of 5 stars and ranks #16 out of 36 brokers for commissions and fees.
OANDA’s trading costs are usually higher than the cheapest brokers, with spreads that can make its forex pricing feel expensive for casual traders. Its default pricing on EUR/USD averaged 1.61 pips in July 2024, while its core pricing offers lower spreads but adds a $5 per $100,000 commission per side, or about $10 per round turn standard lot, and requires a $10,000 minimum deposit. For active traders, OANDA does offer an Elite Trader program with rebates in select regions for higher-volume trading, plus some extra perks like TradingView subscription reimbursements. OANDA is rated 4 out of 5 stars and ranks #31 out of 36 brokers for commissions and fees.
Overall, StoneX Trading is the better choice if you want more competitive everyday pricing and stronger value on fees, while OANDA may appeal more to traders who care about execution tools, micro-lot trading, and rebate programs for high-volume accounts. Based on commissions and fees alone, StoneX Trading comes out ahead of OANDA.
| Feature |
StoneX Trading
|
OANDA
|
|---|---|---|
| Minimum Deposit | £100.00 | $0 |
| Average spread (EUR/USD) - Spread-only account | 1.4 | 1.68 |
| All-in Cost EUR/USD - Raw spread account | 0.9 | 1.69 |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to range of investments, StoneX Trading offers more listed products overall than OANDA, with 13,500 tradeable symbols versus OANDA’s 4,172. StoneX also supports 66 forex pairs, while OANDA offers a slightly wider selection at 69 pairs. Both brokers provide forex trading as either a CFD or spot contract, and both support copy trading. StoneX Trading is rated 5 out of 5 stars for Range of Investments and ranks #8 out of 36 brokers, compared with OANDA’s 4.5 stars and #20 ranking.
The biggest difference is in asset variety outside forex. OANDA lets clients trade exchange-traded U.S. and international shares, and it also offers actual cryptocurrency purchases as well as crypto CFDs. StoneX Trading does not offer exchange-traded stocks on U.S. or international exchanges, and it does not support buying delivered crypto, though it does provide cryptocurrency CFDs. For investors who want access to stocks and real crypto alongside forex, OANDA has the wider mix, while StoneX Trading stands out for its larger total symbol count.
| Feature |
StoneX Trading
|
OANDA
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 13500 | 4172 |
| Forex Pairs (Total) | 66 | 69 |
| U.S. Stocks (Shares) | No | Yes |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | Yes |
| 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.
StoneX Trading and OANDA both give traders a wide set of platform choices, including a free paper trading demo, a proprietary in-house platform, a Windows desktop download, a web-based platform, MT4, copy trading, and the ability to place trades right from a stock chart. This makes each broker a solid option for traders who want flexibility across desktop, browser, and practice environments. One key difference is that OANDA also offers MetaTrader 5 (MT5), while StoneX Trading does not.
In independent ratings for trading platforms and tools, StoneX Trading comes out ahead with 4.5 out of 5 stars and a #11 ranking out of 36 brokers, compared with OANDA’s 4 out of 5 stars and #16 ranking. For traders comparing StoneX Trading vs. OANDA, both provide helpful tools for charting, watch lists, and platform access, but StoneX Trading has the edge in overall platform and tools scores, while OANDA stands out for adding MT5 support.
| Feature |
StoneX Trading
|
OANDA
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 88 | 89 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
StoneX Trading and OANDA both offer mobile trading apps for iPhone and Android, plus price alerts, trendline drawing, and auto-saving chart drawings. That means either broker gives you the basic tools most mobile traders look for when checking markets and managing trades on the go. StoneX Trading also lets users sync watchlists between the app and online account, while OANDA does not offer watchlist syncing.
When it comes to charting, StoneX Trading has the edge with 88 technical studies in its mobile app, compared with 30 for OANDA. Still, OANDA earns a slightly higher mobile trading app rating at 5 stars, versus 4.5 stars for StoneX Trading. In ForexBrokers.com’s mobile apps ranking, OANDA places #7 out of 36 brokers, while StoneX Trading ranks #9.
| Feature |
StoneX Trading
|
OANDA
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 88 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
StoneX Trading and OANDA both give traders useful market research features, including daily market commentary, forex news from major sources like Bloomberg, Reuters, and Dow Jones, sentiment tools that show long and short positions, and an economic calendar for tracking global events. Both platforms cover the basics well for traders who want to stay informed about the market day to day.
The main difference is in the research tools each broker offers. StoneX Trading includes Trading Central tools, while OANDA offers Autochartist instead. OANDA also scores higher overall for research, with a 5-star rating and a #4 rank out of 36 brokers from ForexBrokers.com, compared with StoneX Trading’s 4.5-star rating and #10 rank. Neither broker offers TipRanks or Acuity Trading tools.
| Feature |
StoneX Trading
|
OANDA
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | Yes | 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 material, both StoneX Trading and OANDA give new traders plenty to work with. Each broker offers forex or CFDs education with at least 10 helpful pieces, along with monthly educational webinars and a solid library of videos for both beginners and more experienced traders. That means beginners at either firm can find lessons on the basics, then keep learning as their skills grow.
There are some differences in how each broker is viewed for education. StoneX Trading is rated 4.5 out of 5 stars and ranks #9 out of 36 brokers for the Education category, while OANDA earns a 5-star rating but ranks #18 out of 36. In simple terms, both are strong choices for learning support, though StoneX Trading has the higher category ranking and OANDA has the top star rating.
| Feature |
StoneX Trading
|
OANDA
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that StoneX Trading is better than OANDA. StoneX Trading finished with an overall rank of #8, while OANDA finished with an overall rank of #13.
Backed by StoneX Group and formerly named City Index, StoneX Trading is a trusted brand known for its versatile trading platforms, excellent mobile app, diverse market research, and extensive range of tradeable markets.
| Feature |
StoneX Trading
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OANDA
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 92 |
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When comparing StoneX Trading vs OANDA, both brokers offer cryptocurrency CFDs, but only OANDA provides the ability to buy actual, delivered cryptocurrency, while StoneX Trading does not.
StoneX Trading and OANDA both support ACH/SEPA transfers, PayPal, and bank wire funding, but OANDA has the edge for e-wallet flexibility because it also offers Skrill, while neither broker lists Visa or Mastercard deposits or withdrawals.
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 | StoneX Trading | OANDA | |
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| Trust Score | 99 | 92 | |
| Winner | check_circle | ||
| Review | StoneX Trading Review | OANDA Review |
| Broker Screenshots | StoneX Trading | OANDA | |
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| Regulation | StoneX Trading | OANDA | |
|---|---|---|---|
| Trust Score | 99 | 92 | |
| Year Founded | 1983 | 1996 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 7 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | StoneX Trading | OANDA | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | Yes | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | Yes | |
| Singapore (MAS Authorised) | Yes | Yes | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | Yes | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | StoneX Trading | OANDA | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | StoneX Trading | OANDA | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 13500 | 4172 | |
| Forex Pairs (Total) | 66 | 69 | |
| U.S. Stocks (Shares) | No | Yes | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | Yes | |
| 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 | StoneX Trading | OANDA | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 1.4 | 1.68 | |
| All-in Cost EUR/USD - Raw spread account | 0.9 | 1.69 | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | StoneX Trading | OANDA | |
|---|---|---|---|
| Minimum Deposit | £100.00 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | Yes |
| Trading Platforms | StoneX Trading | OANDA | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | StoneX Trading | OANDA | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 88 | 89 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | StoneX Trading | OANDA | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 88 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | StoneX Trading | OANDA | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | StoneX Trading | OANDA | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | StoneX Trading | OANDA | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | StoneX Trading Review | OANDA Review |
| Overall | StoneX Trading | OANDA | |
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| Trust Score | 99 | 92 | |
| Winner | check_circle | ||
| Review | StoneX Trading Review | OANDA Review |
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