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.
Online brokers Swissquote and OANDA were both founded in 1996 and earn high marks for trust from ForexBrokers.com. Swissquote holds a Trust Score of 99 out of 99, while OANDA scores 92; scores from 90–99 are considered highly trusted.
Swissquote is publicly traded and operates as a bank, which may appeal to traders who value a listed, bank-backed broker. OANDA is not publicly traded and is not a bank. In terms of regulation, OANDA holds 7 Tier-1 licenses (highly trusted), whereas Swissquote holds 5 Tier-1 licenses plus 2 Tier-2 licenses (trusted). Despite OANDA’s larger Tier-1 footprint, Swissquote achieves the higher overall Trust Score.
| 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 comparing commissions and fees, OANDA generally comes out ahead of Swissquote on price, while Swissquote may appeal more to traders who want the backing of a Swiss banking group. Swissquote’s trading costs are not its strongest point, and pricing varies by entity, with the U.K., Luxembourg, and Switzerland branches all offering different account types and deposit minimums. Its U.K. accounts tend to be the most competitive, with the Elite account charging a $5 round-turn fee and lower spreads for active traders, while other Swissquote accounts can start around 1.3 pips on EUR/USD or higher depending on the branch and account tier. Swissquote is rated 3.5/5 stars for commissions and fees and is ranked #35 out of 36 brokers by ForexBrokers.com.
OANDA also is not a low-cost broker, but its pricing is usually more straightforward and often better than Swissquote’s overall. Its standard pricing can be expensive, with EUR/USD spreads averaging 1.61 pips in July 2024, while its Core pricing lowers spreads but adds a $5 per side commission per $100,000 traded, or about $10 per round turn standard lot. For active traders, OANDA also offers an Elite Trader rebate program in some regions, plus very small minimum trade sizes. OANDA is rated 4/5 stars for commissions and fees and is ranked #30 out of 36 brokers by ForexBrokers.com.
In simple terms, Swissquote may make sense if you value the brand and banking tie-in, but OANDA usually offers the better deal on trading costs. If fees are your top concern, OANDA has the edge; if you are willing to pay a bit more for Swissquote’s name and account structure, that may be worth it for some traders.
| 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 give traders access to forex as either CFDs or spot contracts, along with exchange-traded shares on U.S. and international markets, copy trading, and both actual cryptocurrency and crypto CFDs. In other words, each broker supports a wide mix of ways to trade, whether you want currencies, stocks, or digital assets.
Where they differ most is in choice. OANDA offers a much larger total list of tradeable symbols, with 4,172 compared with Swissquote’s 472. Swissquote, however, offers more forex pairs, with 80 versus OANDA’s 69. These differences show up in the ratings too: Swissquote earns 5 out of 5 stars for Range of Investments and ranks #2 out of 36 brokers at ForexBrokers.com, while OANDA scores 4.5 stars and ranks #20.
| 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 and OANDA both give traders a wide set of platform choices, including free demo accounts for paper trading, their own in-house platforms, web-based access, Windows desktop downloads, copy trading, and support for MetaTrader 4 and MetaTrader 5. Each also lets users trade directly from a chart, which can make order placement quicker and more convenient for active traders.
Where they differ is in overall ratings and ranking. Swissquote scores 4.5 out of 5 for Trading Platforms and Tools and ranks #12 out of 36 brokers at ForexBrokers.com, while OANDA scores 4 out of 5 and ranks #16. In simple terms, both brokers offer many of the same trading tools, but Swissquote gets a slightly higher mark for its platform experience.
| 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.
Swissquote and OANDA both make it easy to trade on the go with iPhone and Android apps. Each app includes stock and forex price alerts, 30 technical studies for charting, trendline drawing tools, and automatic saving for chart drawings. One thing neither broker offers is watchlist symbol syncing, so changes made in the mobile app do not carry over to the online account, and vice versa.
When it comes to overall mobile app quality, OANDA has the edge. It scores 5 out of 5 stars for Mobile Trading Apps and ranks #7 out of 36 brokers at ForexBrokers.com, while Swissquote earns 4.5 out of 5 stars and ranks #12. For traders who want a smooth mobile experience with strong charting and alert features, both are solid choices, but OANDA stands out slightly more in the rankings.
| 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 give traders a solid mix of market research tools. Each one offers daily market commentary, forex news from top sources like Bloomberg and Reuters, Autochartist tools, and an economic calendar with major global events. Neither broker includes Trading Central, TipRanks, or Acuity Trading tools, so their research offers are fairly similar in those areas.
The main difference is that OANDA adds a sentiment tool showing the balance of long and short positions, which Swissquote does not have. OANDA also comes out ahead in third-party rankings, earning a 5-star Research score and placing #4 out of 36 brokers at ForexBrokers.com, compared with Swissquote’s 4.5 stars and #15 ranking.
| 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 and OANDA both give beginners plenty of learning material to get started with forex and CFDs. Each broker offers at least 10 education pieces on these topics, monthly online client webinars, and more than 10 beginner videos as well as more than 10 advanced videos for traders who want to keep learning. This means both platforms provide a solid mix of basic and more detailed content, making them useful for new traders who want to build confidence step by step.
When comparing the two, OANDA has a slight edge in education. It is rated 5 stars for Education and ranks #18 out of 36 brokers by ForexBrokers.com, while Swissquote earns 4.5 stars and ranks #19. In simple terms, both brokers are strong choices for learning, but OANDA comes out just ahead for educational support overall.
| 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
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 92 |
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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 | 92 | |
| Winner | check_circle | ||
| Review | Swissquote Review | OANDA Review |
| Broker Screenshots | Swissquote | OANDA | |
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| Regulation | Swissquote | OANDA | |
|---|---|---|---|
| Trust Score | 99 | 92 | |
| 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 CMA 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 | 92 | |
| Winner | check_circle | ||
| Review | Swissquote Review | OANDA Review |
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