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 commissions and fees, OANDA edges out Swissquote in our data set: OANDA earns 4.0/5 stars and ranks 35th of 63 brokers for this category, while Swissquote holds 3.5/5 stars and ranks 54th of 63. OANDA’s pricing is still on the higher side versus the very cheapest forex brokers, but its higher rating and ranking signal a more competitive all-in cost profile than Swissquote’s.
Swissquote’s pricing varies by entity. In the U.K., active traders who deposit at least $10,000 can opt for the commission-based Elite account with lower spreads and a $5 charge per round-turn trade; the Professional account is similar but has a lower stop-out. The Standard account starts at 1.3 pips on EUR/USD, while Prime advertises minimum spreads from 0.6 pips (a floor, 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—broadly similar to the U.K. pricing. In Switzerland, forex accounts start at $1,000 (Standard, from 1.7 pips on EUR/USD), $10,000 (Premium, from 1.4 pips), and $50,000 (Prime, from 1.1 pips), and custom pricing is negotiated by volume.
At OANDA, default (commission-free) pricing has historically shown higher effective spreads—e.g., an average 1.61 pips on EUR/USD in July 2024—while Core Pricing cuts the spread and adds a $5 per side commission per $100,000 traded (about $10 per round turn), with a $10,000 minimum deposit. Using the provided example, a 0.4-pip Core spread plus the commission-equivalent of 1 pip yields an all-in around 1.4 pips, slightly under the default price. Active traders may further reduce costs via the Elite Trader program, which offers volume-based rebates ($5–$17 per million) in select jurisdictions, and OANDA publishes trailing average spreads to support pricing transparency.
| Feature |
Swissquote
|
OANDA
|
|---|---|---|
| Minimum Deposit | $1000 | $0 |
| Average spread (EUR/USD) - Standard account | N/A | 1.69 |
| 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 vs OANDA: Both brokers let you trade forex as CFDs or spot, offer copy trading, and support both real cryptocurrency purchases and crypto CFDs. Each also provides access to exchange-traded securities on U.S. and international exchanges. Where they differ is in breadth: Swissquote lists 472 total tradeable symbols and 80 forex pairs, while OANDA offers 4,172 total symbols and 69 forex pairs.
If you want the widest selection of forex pairs, Swissquote has the edge. It also earns a higher independent score for range of investments, rated 5 stars and ranked #2 out of 63 brokers by ForexBrokers.com. OANDA may appeal if you prefer a larger overall menu of instruments, with 4,172 symbols, and holds a 4-star rating and a #28 ranking. Both cover stocks, forex, and crypto in ways that suit beginners and experienced traders alike.
| 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 check the key boxes for trading platforms and tools. Each one offers a free paper-trading demo, a proprietary platform, and support for MetaTrader 4 and MetaTrader 5. You can trade on a Windows desktop download or in your browser, place orders straight from charts, and explore copy trading on either broker. That means beginners can practice risk‑free, while experienced traders get familiar layouts and the choice of web, desktop, and MT4/MT5 workflows.
When it comes to recognition, Swissquote edges out OANDA for platforms and tools: Swissquote is rated 4.5 stars and ranked #12 out of 63 brokers by ForexBrokers.com, while OANDA holds 4 stars and ranks #15. If you want a slight ratings advantage, Swissquote may appeal; if you prefer OANDA’s style, you won’t miss out on core features. In both cases, try the free demo to see which platform feels smoother for your day‑to‑day trading.
| 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 vs OANDA for market research: both brokers deliver daily market commentary, forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones, plus Autochartist tools for trade ideas. Each also offers an economic calendar to track global events. Neither includes Trading Central, TipRanks, or Acuity Trading/Signal Centre. The big difference is sentiment data: OANDA provides a position-ratio sentiment tool across currency pairs, while Swissquote does not.
For research quality, Swissquote is rated 4 stars and ranks 16th out of 63 brokers at ForexBrokers.com. OANDA earns 5 stars and ranks 4th out of 63. If you value sentiment alongside news, commentary, Autochartist, and an economic calendar, OANDA has the edge. If you mainly want daily commentary and top-tier news with Autochartist, Swissquote remains a strong choice.
| 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.
Swissquote vs OANDA for beginner education: Both online brokers provide sizable forex and CFD learning hubs with well over 10 educational pieces. Each offers at least 10 beginner videos to help new traders get started, plus at least 10 advanced videos for the next steps. Live learning is available too—both host client webinars at least once a month.
For overall quality, OANDA has the edge: it holds a 5-star Education rating and ranks #19 out of 63 brokers at ForexBrokers.com, while Swissquote earns 4 stars and ranks #20. If you want the highest-rated beginner education, OANDA is the safer pick; if you value a wide video catalog and regular webinars, Swissquote remains a strong choice.
| 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 #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
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OANDA
|
|---|---|---|
| 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 (SFC 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 | 1.69 | |
| 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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