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OANDA vs TopFX 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of OANDA vs TopFX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

OANDA
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 93
  • Tradeable Symbols (Total): 4172 info
TopFX
3.5/5 Stars Overall
  • Minimum Deposit: Depends on payment method
  • Trust Score: 67
  • Tradeable Symbols (Total): 655

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.

Regulation

OANDA and TopFX are both online brokers that serve the trading community, yet they differ considerably in their regulatory credentials and trust levels. OANDA, founded in 1996, holds an impressive seven Tier-1 licenses, indicating a high level of oversight and a commitment to client security. This dedication to regulation is reflected in OANDA's ForexBrokers.com Trust Score of 93 out of 99, categorizing it as highly trusted. Despite not being publicly traded or a bank, OANDA's extensive regulatory framework provides clients with confidence in their business practices.

In comparison, TopFX, established in 2010, has a more modest regulatory profile with just one Tier-1 license. This limited licensing translates to a ForexBrokers.com Trust Score of 67, placing TopFX in the high-risk category. Like OANDA, TopFX is neither publicly traded nor operates as a bank. While both brokers are non-public entities, OANDA's longstanding presence and superior regulatory standing offer a greater degree of trust for traders than TopFX's current framework.

Feature OANDA logoOANDA
TopFX logoTopFX
Year Founded info 1996 2010
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 7 1
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1

Fees

OANDA charges higher-than-average trading costs, especially on its default pricing where the EUR/USD averaged 1.61 pips in July 2024. Its Core Pricing plan lowers the spread to about 0.4 pips but adds a $5 per side commission per $100,000 traded ($10 round turn), yielding an all-in cost near 1.4 pips on EUR/USD—slightly cheaper than its commission-free pricing. Core Pricing requires a $10,000 minimum deposit. OANDA does stand out for flexible trade sizes down to 1 unit and offers volume rebates ($5–$17 per million) for active traders in select regions. Rating for commissions and fees: 4 stars; category ranking: #35 out of 63.

TopFX offers two clear choices: the commission-based RAW account and the spread-only ZERO account. On RAW, average EUR/USD spreads were 0.33 pips in July 2024, and with a 2.75 EUR per-side commission (5.50 EUR round turn), the all-in cost comes to roughly 0.88 pips—about in line with the industry average. The ZERO account is commission-free with wider average spreads of 1.03 pips on EUR/USD. The minimum deposit varies by payment method. Rating for commissions and fees: 4 stars; category ranking: #41 out of 63.

Comparing like-for-like, TopFX’s RAW account (about 0.88 pips all-in) undercuts OANDA’s Core Pricing (about 1.4 pips) on EUR/USD, and TopFX’s ZERO account (1.03 pips) also prices better than OANDA’s default average (1.61 pips). Traders prioritizing lower all-in costs may favor TopFX’s RAW account, while those who value micro trade sizes, automation, and potential volume rebates may lean toward OANDA.

Feature OANDA logoOANDA
TopFX logoTopFX
Minimum Deposit info $0 Depends on payment method
Average Spread EUR/USD - Standard info 1.69 info 1.03 info
All-in Cost EUR/USD - Active info 1.69 info 0.88 info
Active Trader or VIP Discounts info Yes info No
ACH or SEPA Transfers info Yes info No
PayPal (Deposit/Withdraw) info Yes info Yes
Skrill (Deposit/Withdraw) info Yes info Yes
Visa/Mastercard (Credit/Debit) info Yes info Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

OANDA vs. TopFX: both brokers let you trade forex as CFDs or spot. OANDA offers 4,172 tradeable symbols and 69 forex pairs, while TopFX lists 655 symbols and 60 pairs. OANDA also provides exchange-traded securities on U.S. and international exchanges, so you can buy actual shares (e.g., Apple or Vodafone). TopFX does not offer exchange-traded stocks. Both support copy trading. For crypto, OANDA lets you buy actual coins as well as crypto derivatives; TopFX offers only crypto derivatives.

In the Range of Investments category, ForexBrokers.com rates OANDA 4 stars (ranked #28 of 63) and TopFX 3.5 stars (ranked #47 of 63). If you want broader market access, stocks, and real crypto, OANDA has the edge. If your focus is primarily forex and CFD trading with copy trading, TopFX may still suit your needs.

Feature OANDA logoOANDA
TopFX logoTopFX
Forex Trading (Spot or CFDs) info Yes info Yes
Tradeable Symbols (Total) info 4172 info 655
Forex Pairs (Total) info 69 60
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes info Yes
Cryptocurrency (Physical) info Yes No
Cryptocurrency (Derivative) info Yes info 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.

Trading platforms and tools

Comparing OANDA vs TopFX on trading platforms and tools: both brokers offer free demo (paper) accounts, web and Windows desktop platforms, copy trading, and the ability to place trades directly from charts. Each supports MetaTrader 4, while OANDA also offers a proprietary in-house platform and MetaTrader 5—options TopFX does not provide. Neither broker integrates DupliTrade or ZuluTrade. For charting, OANDA lists 74 drawing tools versus 15 at TopFX, and for watchlists, OANDA offers 6 columns while TopFX provides 7.

Both brokers earned 4 stars for Trading Platforms and Tools, yet their rankings differ: OANDA is #15 out of 63 brokers, while TopFX is #46, according to ForexBrokers.com. If you want MT5 and an in-house platform alongside MT4, OANDA has the edge. If you’re fine with MT4 and prefer a straightforward setup with slightly more watchlist fields, TopFX can fit the bill.

Feature OANDA logoOANDA
TopFX logoTopFX
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes info Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes info No
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 89 30
Charting - Drawing Tools (Total) info 74 15
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 6 7

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

OANDA and TopFX both deliver full-featured mobile trading on iPhone and Android. Each app supports price alerts, real-time quote watchlists, and charting with 30 technical indicators. You can draw trendlines, switch among multiple time frames (intraday to weekly), and your chart drawings auto-save. One shared drawback is watchlist syncing: changes made in the mobile app do not sync with your online account watchlists.

Where they differ is overall quality and recognition. OANDA earns 5 stars and ranks #7 out of 63 brokers for Mobile Trading Apps at ForexBrokers.com, while TopFX holds 4 stars and ranks #52. In short, both apps cover the key tools traders expect, but OANDA’s mobile experience scores higher in independent testing.

Feature OANDA logoOANDA
TopFX logoTopFX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

Comparing OANDA and TopFX for market research, OANDA stands out with daily market commentary, while TopFX does not publish daily write-ups. Both brokers stream forex news from top-tier sources and offer Autochartist tools, plus sentiment indicators and an economic calendar. Only TopFX adds Trading Central, which OANDA lacks. TipRanks and Acuity Trading integrations are not listed for OANDA, and are not specified for TopFX.

On ratings, OANDA earns 5 stars for Research and ranks #4 out of 63 brokers at ForexBrokers.com, whereas TopFX holds 3 stars and ranks #61. In short, OANDA is better for traders who want daily in-house insights alongside news and core tools, while TopFX may appeal if you value Trading Central in addition to news, Autochartist, sentiment data, and an economic calendar.

Feature OANDA logoOANDA
TopFX logoTopFX
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes Yes
Trading Central (Recognia) info No Yes
Social Sentiment - Currency Pairs info Yes Yes
TipRanks info No
Signal Centre (Acuity Trading) info No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

For beginner trading education, OANDA clearly offers more than TopFX. OANDA provides at least 10 pieces of forex and CFD education, runs client webinars at least monthly, and maintains a searchable archive of past sessions. It also includes at least 10 beginner videos, at least 10 advanced videos for when you’re ready to level up, and an investor dictionary with 50+ terms to help you learn the basics. By contrast, TopFX does not meet these thresholds: it does not offer a library of 10+ forex/CFD lessons, does not host monthly educational webinars, has no searchable webinar archive, and lacks sets of 10+ beginner and advanced videos or a 50-term investor glossary.

These differences show up in independent ratings: OANDA earns 5 stars for Education and ranks 19th out of 63 brokers on ForexBrokers.com, while TopFX earns 3 stars and ranks 62nd. If you want structured learning with videos, webinars, and a glossary all in one place, OANDA is the stronger pick. If you plan to get your learning elsewhere and only need minimal in-house resources, TopFX could still work.

Feature OANDA logoOANDA
TopFX logoTopFX
Education (Forex or CFDs) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that OANDA is better than TopFX. OANDA finished with an overall rank of #12, while TopFX finished with an overall rank of #62.

A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.

Feature OANDA logoOANDA
TopFX logoTopFX
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Trust Score info 93 67
Range of Investments 4/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 5/5 Stars 3/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Education 4/5 Stars 3/5 Stars

FAQs

Can you trade cryptocurrency with OANDA or TopFX?

OANDA allows the purchase of actual cryptocurrencies and offers cryptocurrency derivatives, whereas TopFX provides only cryptocurrency derivatives without the option to buy actual cryptocurrencies.

What funding options does each broker offer?

When comparing online brokers OANDA and TopFX in terms of available deposit and withdrawal options, OANDA offers a wider range with ACH and SEPA transfers in addition to PayPal, Skrill, Visa/Mastercard, and bank wires, whereas TopFX lacks ACH and SEPA transfers but provides the other methods, including PayPal, Skrill, Visa/Mastercard, and bank wires.

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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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Overall Rating OANDA TopFX
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 3/5 Stars
Education 4/5 Stars 3/5 Stars
Trust Score info 93 67
Winner check_circle
Review OANDA Review TopFX Review
Broker Screenshots OANDA TopFX
Broker Gallery (click to expand) info
OANDA fxTrade mobile trading app charting OANDA Trade web platform. OANDA's website features research in the form of its MarketPulse blog, which includes news, analysis, and articles. The OANDA website's educational hub features webinars and videos covering current events and financial analysis.
TopFX MetaTrader 4 desktop trading platform TopFX MetaTrader 4 desktop trading platform charts TopFX cTrader web trading platform TopFX cTrader desktop trading platform charts TopFX cTrader desktop trading platform TopFX cTrader desktop trading platform algo trading TopFX cTrader desktop market order window
Regulation OANDA TopFX
Trust Score info 93 67
Year Founded info 1996 2010
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 7 1
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) OANDA TopFX
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info Yes No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info Yes No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) OANDA TopFX
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA, FSRA, or SCA Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments OANDA TopFX
Forex Trading (Spot or CFDs) info Yes info Yes
Tradeable Symbols (Total) info 4172 info 655
Forex Pairs (Total) info 69 60
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes info Yes
Cryptocurrency (Physical) info Yes No
Cryptocurrency (Derivative) info Yes info 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 OANDA TopFX
Average Spread EUR/USD - Standard info 1.69 info 1.03 info
All-in Cost EUR/USD - Active info 1.69 info 0.88 info
Active Trader or VIP Discounts info Yes info No
Inactivity Fee info Yes No
Execution: Agency Broker info No No
Execution: Market Maker info Yes Yes
Funding OANDA TopFX
Minimum Deposit info $0 Depends on payment method
PayPal (Deposit/Withdraw) info Yes info Yes
Skrill (Deposit/Withdraw) info Yes info Yes
Visa/Mastercard (Credit/Debit) info Yes info Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info Yes info No
Trading Platforms OANDA TopFX
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes info Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes info No
cTrader info No Yes
DupliTrade info No No
ZuluTrade info No No
Trading Tools OANDA TopFX
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 6 7
Charting - Indicators / Studies (Total) info 89 30
Charting - Drawing Tools (Total) info 74 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading OANDA TopFX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Economic Calendar info Yes Yes
Research OANDA TopFX
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes Yes
Trading Central (Recognia) info No Yes
TipRanks info No
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education OANDA TopFX
Education (Forex or CFDs) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes No
Major Forex Pairs OANDA TopFX
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review OANDA Review TopFX Review
Overall OANDA TopFX
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 3/5 Stars
Education 4/5 Stars 3/5 Stars
Trust Score info 93 67
Winner check_circle
Review OANDA Review TopFX Review
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