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 |
Comparing Swissquote vs OANDA on commissions and fees, OANDA generally comes out cheaper. OANDA earns 4 out of 5 stars and ranks #30 of 63 brokers for this category, while Swissquote earns 3.5 out of 5 stars and ranks #35 of 63. Both can lower costs if you meet deposit thresholds and trade actively, but OANDA’s pricing structure tends to deliver a lower all-in spread on popular pairs like EUR/USD.
Swissquote’s pricing varies by region. In the U.K., the commission-based Elite account suits active traders who deposit at least $10,000, pairing lower spreads with a $5 charge per round-turn trade; the Standard account starts at 1.3 pips on EUR/USD, and the Prime account advertises a 0.6-pip minimum (a minimum, not an average). In Luxembourg, minimum deposits run $1,000 (Standard), $5,000 (Premium), and $50,000 (Prime), with minimum spreads from 1.5 pips down to 0.8 pips. In Switzerland, forex accounts start at $1,000 (Standard, from 1.7 pips), $10,000 (Premium, from 1.4 pips), and $50,000 (Prime, from 1.1 pips), with custom pricing available for high-volume traders. Overall, Swissquote carries a slight premium compared to the lowest-cost brokers. Swissquote commissions and fees rating: 3.5/5 stars; ranking: #35/63.
OANDA’s default pricing showed an average EUR/USD spread of 1.61 pips in July 2024, but its Core pricing can be cheaper: you pay a $5 per-side commission per $100,000 traded (about $10 round turn) with a $10,000 minimum deposit, which can bring the all-in EUR/USD cost to roughly 1.4 pips in the example provided. OANDA also allows trade sizes down to 1 unit and offers Elite Trader rebates of $5–$17 per million for high-volume traders. It publishes ongoing spread data to aid transparency, though fixed-period averages are limited. For most cost-focused traders, OANDA often undercuts Swissquote on effective spreads and commissions. OANDA commissions and fees rating: 4/5 stars; ranking: #30/63.
| Feature |
Swissquote
|
OANDA
|
|---|---|---|
| Minimum Deposit | $1000 | $0 |
| Average spread (EUR/USD) - Standard account | N/A | 1.68 |
| All-in Cost EUR/USD - Active | N/A | 1.69 |
| Non-wire bank transfer | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Swissquote and OANDA both let you trade forex as CFDs and spot contracts, and each supports exchange-traded stocks on U.S. and international markets. Both also offer copy trading, plus access to actual cryptocurrencies and crypto CFDs. The key differences are in scope: OANDA lists far more total instruments (4,172 vs. Swissquote’s 472), while Swissquote offers more forex pairs (80 vs. OANDA’s 69).
Independent ratings reflect this mix. For Range of Investments, Swissquote earns 5 stars and ranks #2 out of 63 brokers at ForexBrokers.com, while OANDA receives 4 stars and ranks #20. If you want the biggest overall symbol count, OANDA stands out; if you value a wider choice of forex pairs alongside access to stocks and crypto, Swissquote is a strong pick.
| Feature |
Swissquote
|
OANDA
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 4172 |
| Forex Pairs (Total) | 80 | 69 |
| U.S. Stocks (Shares) | Yes | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | Yes | 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.
Swissquote vs OANDA: both brokers offer free demo (paper) accounts, proprietary platforms, Windows desktop apps, browser-based platforms, and support for MetaTrader 4 (MT4) and MetaTrader 5 (MT5). They also support copy trading and let you place orders directly from a chart.
According to ForexBrokers.com’s Trading Platforms and Tools scores, Swissquote earns 4.5/5 stars and ranks #12 out of 63 brokers, while OANDA scores 4/5 stars and ranks #16. If you want a slight edge in platform ratings, Swissquote comes out ahead; if you prefer OANDA, you’ll still get a closely matched feature set that includes MT4/MT5, web and desktop access, copy trading, and a free demo account.
| Feature |
Swissquote
|
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) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 86 | 89 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Comparing Swissquote vs OANDA for mobile trading, both brokers check the core boxes. Each offers an iPhone app and an Android app, supports stock or forex price alerts, and provides 30 technical studies for charting. You can draw trendlines on charts in both apps, and your drawings auto-save. One limitation they share is watchlist symbol syncing: watchlists in the mobile app do not sync with the online account.
Where they differ is in quality ratings. OANDA’s mobile trading app earns 5 stars and ranks #7 out of 63 brokers on ForexBrokers.com, while Swissquote earns 4.5 stars and ranks #12. If top-rated mobile performance is your priority, OANDA holds the edge. If you want similar charting tools and alerts, Swissquote delivers a comparable feature set.
| Feature |
Swissquote
|
OANDA
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Swissquote and OANDA both deliver daily market commentary and forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones. Each broker also offers Autochartist-powered technical analysis and an economic calendar to track upcoming events. Neither broker includes Trading Central, TipRanks, or Acuity Trading research tools.
The key difference is sentiment: OANDA provides a sentiment tool that shows the ratio of long and short positions, while Swissquote does not. That extra insight helps some traders gauge crowd behavior. Reflecting this edge, OANDA earns 5 out of 5 stars for Research and ranks #4 out of 63 brokers on ForexBrokers.com. Swissquote earns 4 out of 5 stars and ranks #15, making it a solid pick for traders who want daily commentary, high-quality news, and Autochartist tools but don’t need built-in sentiment data.
| Feature |
Swissquote
|
OANDA
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central | No | No |
| Client sentiment data | No | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing Swissquote vs. OANDA for beginner education, both brokers deliver plenty of ways to learn. Each runs monthly client webinars and offers large libraries with at least 10 beginner videos, plus another 10+ videos for advanced topics—so you can start simple and level up over time. In independent testing by ForexBrokers.com, OANDA earns 5 stars for Education and ranks #18 out of 63 brokers, while Swissquote earns 4 stars and ranks #19, putting them close together with OANDA holding a slight edge.
If you want frequent live sessions and lots of video-based training on trading—covering areas like forex and CFDs—either platform will suit a beginner. Choose OANDA if you value the highest overall education rating; pick Swissquote if you want a near‑match that still offers monthly webinars and a deep video catalog for new traders.
| Feature |
Swissquote
|
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 Swissquote is better than OANDA. Swissquote finished with an overall rank of #11, while OANDA finished with an overall rank of #13.
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
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OANDA
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|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 93 |
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In the Swissquote vs OANDA comparison, both brokers let you buy actual (delivered) cryptocurrencies and trade cryptocurrency CFDs, providing flexible crypto investing options on either platform.
Swissquote vs OANDA: both online brokers support ACH/SEPA transfers, PayPal, Skrill, and bank wire deposits and withdrawals, while availability of Visa or Mastercard funding is not specified for either.
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 | Swissquote | OANDA | |
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| Trust Score | 99 | 93 | |
| Winner | check_circle | ||
| Review | Swissquote Review | OANDA Review |
| Broker Screenshots | Swissquote | OANDA | |
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| 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 (FSA Authorised) | No | Yes | |
| Singapore (MAS Authorised) | Yes | Yes | |
| Switzerland (FINMA Authorised) | Yes | ||
| 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) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Swissquote | OANDA | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 4172 | |
| Forex Pairs (Total) | 80 | 69 | |
| U.S. Stocks (Shares) | Yes | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | Yes | 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 | Swissquote | OANDA | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | 1.68 | |
| All-in Cost EUR/USD - Active | N/A | 1.69 | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Swissquote | OANDA | |
|---|---|---|---|
| Minimum Deposit | $1000 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | Yes |
| Trading Platforms | Swissquote | 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) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | Swissquote | OANDA | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 86 | 89 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Swissquote | OANDA | |
|---|---|---|---|
| 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 | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | OANDA | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | Swissquote | OANDA | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Swissquote Review | OANDA Review |
| Overall | Swissquote | OANDA | |
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| Trust Score | 99 | 93 | |
| Winner | check_circle | ||
| Review | Swissquote Review | OANDA Review |
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