Written by ForexBrokers.com
In this head to head comparison of Swissquote 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.
Swissquote and OANDA, both established in 1996, are notable names in the online brokerage world, each offering a variety of trading services. Swissquote stands out as a publicly traded entity and a licensed bank, which enhances its credibility significantly. With a perfect Trust Score of 99 from ForexBrokers.com, Swissquote holds five Tier-1 licenses, indicating a high level of trust and reliability. Furthermore, Swissquote adds two Tier-2 licenses to its regulatory credentials, demonstrating a strong adherence to financial standards worldwide.
In contrast, OANDA, while not publicly traded or a licensed bank, still holds a commendable reputation with a strong Trust Score of 93. OANDA distinguishes itself by holding seven Tier-1 licenses, showcasing a firm commitment to regulatory compliance and security. Although it does not have any Tier-2 licenses, OANDA's performance in trust and regulatory standings remains impressive. Overall, both Swissquote and OANDA offer reliable trading platforms, but potential users might weigh the slight differences in their regulatory profiles and corporate structures when deciding which broker to engage with.
| Feature |
Swissquote
|
OANDA
|
|---|---|---|
| Year Founded | 1996 | 1996 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 7 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When evaluating the commissions and fees for Swissquote and OANDA, both brokers present distinct profiles. Swissquote, rated 3.5 stars in this category, stands as a reputable choice primarily for those attracted by its status as part of a Swiss banking group. However, this prestige is accompanied by comparatively higher trading costs. Among its different entities—Swissquote Ltd in the U.K., Swissquote Bank Ltd in Switzerland, and Swissquote Bank Europe SA in Luxembourg—the U.K. branch offers lower costs and deposit requirements, though at the expense of a broader product range. Highlights include the commission-based Elite account from Swissquote U.K., with spreads starting at 0.6 pips and a $5 charge per round-turn trade, favored by active traders. Despite these options, Swissquote ranks relatively low at #53 out of 63 brokers for commissions and fees.
Conversely, OANDA receives a better rating of 4 stars for its pricing model, with an emphasis on automated execution. While the non-core pricing reflects higher-than-average spreads, starting at 1.61 pips for the EUR/USD pair, OANDA provides an alternative through its core pricing. This option features a reduced spread of 0.4 pips with a commission of $10 per round-turn lot, slightly improving the overall trading cost compared to the commission-free setup. Notably, OANDA allows trading as granular as 1 unit—well below a micro lot—and its Elite Trader program offers attractive rebates for high-volume traders. Despite some steep trading costs, OANDA manages a better rank of #34 among 63 brokers for commissions and fees.
In summary, while Swissquote offers a reliable banking experience with various account setups depending on the location, its fees are less competitive. OANDA, on the other hand, leverages its core pricing and flexible lot sizes to offer more appealing fee structures to active and high-volume traders. Both brokers appeal to different client priorities, with Swissquote catering to those valuing Swiss banking security and OANDA to those seeking execution efficiency and trading flexibility.
| Feature |
Swissquote
|
OANDA
|
|---|---|---|
| Minimum Deposit | $1000 | $0 |
| Average Spread EUR/USD - Standard | N/A | 1.61 |
| All-in Cost EUR/USD - Active | N/A | 1.61 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Swissquote and OANDA for their range of investments, Swissquote stands out with a higher rating and ranking. Both platforms provide options for forex trading, offering both CFDs and spot contracts. However, Swissquote enables access to a broader array of tradeable symbols, with a choice of 472, and offers 80 forex pairs compared to OANDA's 68. An added advantage of Swissquote is its support for exchange-traded securities, including access to both U.S. and international exchanges, which allows investors to buy shares of companies like Apple and Vodafone directly. In contrast, OANDA does not offer access to exchange-traded securities on these exchanges.
In terms of copy trading ability and cryptocurrency options, both brokers are evenly matched, providing access to actual cryptocurrencies as well as derivatives. Despite these similarities, Swissquote's higher score of five stars for Range of Investments and its favorable #2 ranking by ForexBrokers.com highlight its comprehensive offerings. The varied investment choices, superior ranking, and rating of Swissquote make it a robust choice for traders seeking a wider range of opportunities compared to OANDA, which is ranked at #27 with four stars for Range of Investments.
| Feature |
Swissquote
|
OANDA
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 3928 |
| Forex Pairs (Total) | 80 | 68 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | Yes |
| Cryptocurrency (Derivative) | 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.
When comparing the trading platforms and tools offered by Swissquote and OANDA, both brokers provide users with a range of features to support various trading strategies. Both Swissquote and OANDA offer a free virtual demo account, helping beginners and experienced traders alike to practice without risk. Each broker has developed its own in-house platform and offers multiple options including Windows-based desktop downloads and web-based platforms accessible through a browser. Additionally, both brokers support popular third-party platforms MetaTrader 4 and MetaTrader 5 and facilitate copy trading. However, neither Swissquote nor OANDA integrates with DupliTrade or ZuluTrade.
Swissquote's suite includes 75 drawing tools for charting, while OANDA offers a more extensive selection with 431 options. When it comes to watch lists, Swissquote provides 11 columns for customization compared to OANDA's 6. Both brokers allow trading directly from stock charts, enhancing usability. In terms of ratings and rankings, Swissquote scores 4.5 stars and is ranked #12 among 63 brokers for its trading platforms and tools, while OANDA earns 4 stars and is positioned at #15 on ForexBrokers.com. Overall, both platforms cater to diverse trading needs, offering solid choices for different types of traders.
| Feature |
Swissquote
|
OANDA
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 86 | 81 |
| Charting - Drawing Tools (Total) | 75 | 431 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 6 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Swissquote and OANDA provide iPhone and Android apps for traders, allowing access to a range of features right from your smartphone. In terms of stock and forex price alerts, both platforms offer this functionality, ensuring you stay updated on market movements. While neither platform supports watchlist symbol syncing between their mobile app and online accounts, each app provides the ability to create watchlists with real-time quotes. For charting, both brokers offer 30 technical studies, support trendline drawing, and allow viewing of multiple time frames like daily and weekly on their mobile platforms. Additionally, any drawings made on charts automatically save, making it easy to continue your analysis on the go.
When it comes to user ratings, OANDA holds a slight edge with a perfect 5-star rating for its mobile trading app, compared to Swissquote's 4.5 stars. This distinction is also reflected in their rankings by ForexBrokers.com, where OANDA is placed at #7 while Swissquote is ranked #12 out of 63 brokers. Whether you choose Swissquote or OANDA, both apps provide a comprehensive set of tools to support your trading activities on the move. However, if user ratings and industry rankings are top priorities for you, OANDA might be a more favorable choice.
| Feature |
Swissquote
|
OANDA
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Swissquote and OANDA are both strong contenders in the realm of online brokers when it comes to market research. Both platforms offer daily market commentary and provide access to forex news from renowned sources like Bloomberg, Reuters, and Dow Jones. In terms of analytical tools, Swissquote and OANDA both feature offerings from Autochartist, providing users with advanced technical and fundamental research capabilities. However, neither broker includes tools from Trading Central. An economic calendar is available on both platforms, ensuring traders stay informed about global news events that could impact financial markets.
Despite their similarities, there are notable differences between the two. OANDA offers a sentiment-based trading tool that provides insight into market positioning, which Swissquote lacks. This feature, combined with OANDA's comprehensive offerings, contributes to its higher Research rating of 5 stars and places it at an impressive #5 ranking out of 63 brokers as per ForexBrokers.com. In contrast, Swissquote has a solid Research rating of 4 stars and ranks #16 in the same category. While both brokers deliver valuable research offerings, OANDA might appeal more to those who prioritize sentiment analysis in their trading strategies.
| Feature |
Swissquote
|
OANDA
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners in forex and CFDs trading, both Swissquote and OANDA offer comprehensive options. Each provides more than ten educational materials, such as articles and videos, focusing on these financial products. You'll find that both brokers conduct monthly educational webinars to enhance learning, with accessible archives to watch past sessions. Whether you're just starting out or already have some trading experience, both Swissquote and OANDA offer over ten beginner videos as well as advanced educational content tailored for seasoned traders. Additionally, investors can benefit from the detailed dictionaries available, containing definitions for over fifty investing terms.
While Swissquote and OANDA both deliver well-rounded educational experiences, they differ in their ratings and rankings. Swissquote receives a four-star rating in the education category but ranks slightly higher at #21 out of 63 brokers according to ForexBrokers.com. In comparison, OANDA earns a five-star rating but is positioned just below Swissquote at #22. Whether you're leaning towards Swissquote or OANDA, both brokers are equipped to guide you through your trading journey with ample learning resources.
| Feature |
Swissquote
|
OANDA
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Swissquote is better than OANDA. Swissquote finished with an overall rank of #11, while OANDA finished with an overall rank of #12.
Traders choose Swissquote for its quality research and vast multi-asset offering – as long as they are willing to pay a premium to have their brokerage account held with a Swiss bank.
| Feature |
Swissquote
|
OANDA
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 99 | 93 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both Swissquote and OANDA provide the capability to purchase actual delivered cryptocurrencies as well as cryptocurrency derivatives, catering to diverse trading preferences.
When comparing the online brokers Swissquote and OANDA, both platforms offer a comprehensive range of deposit and withdrawal options including ACH or SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, ensuring flexibility and convenience for their users.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Swissquote | OANDA | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 93 | |
| Winner | check_circle | ||
| Review | Swissquote Review | OANDA Review |
| Broker Screenshots | Swissquote | OANDA | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| Regulation | Swissquote | OANDA | |
|---|---|---|---|
| Trust Score | 99 | 93 | |
| Year Founded | 1996 | 1996 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 5 | 7 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | OANDA | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | Yes | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | Yes | |
| Singapore (MAS Authorised) | Yes | Yes | |
| Switzerland (FINMA Authorised) | Yes | No | |
| 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) | Swissquote | OANDA | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Swissquote | OANDA | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 3928 | |
| Forex Pairs (Total) | 80 | 68 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | Yes | |
| Cryptocurrency (Derivative) | 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 | Swissquote | OANDA | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.61 | |
| All-in Cost EUR/USD - Active | N/A | 1.61 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Swissquote | OANDA | |
|---|---|---|---|
| Minimum Deposit | $1000 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | Swissquote | OANDA | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Swissquote | OANDA | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 6 | |
| Charting - Indicators / Studies (Total) | 86 | 81 | |
| Charting - Drawing Tools (Total) | 75 | 431 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Swissquote | OANDA | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Swissquote | OANDA | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | OANDA | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Swissquote | OANDA | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Swissquote Review | OANDA Review |
| Overall | Swissquote | OANDA | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 93 | |
| Winner | check_circle | ||
| Review | Swissquote Review | OANDA Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill