Written by ForexBrokers.com
In this head to head comparison of OANDA vs Vantage, 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.
When comparing online brokers OANDA and Vantage, both companies are not publicly traded and are not classified as banks. Founded in 1996, OANDA holds a strong regulatory presence with 7 Tier-1 licenses, making it highly trusted. In contrast, Vantage, established in 2009, holds 2 Tier-1 licenses and 1 Tier-2 license, indicating a solid level of trust.
Based on their Trust Scores from ForexBrokers.com, OANDA scores 93 out of 99, which places it in the highly trusted category. Meanwhile, Vantage scores just below at 90, also reflecting high trust. Despite their different founding years and the number of licenses they hold, both brokers have demonstrated a significant commitment to earning trust in the financial world.
| Feature |
OANDA
|
Vantage
|
|---|---|---|
| Year Founded | 1996 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 3 |
OANDA is a popular online broker known for its automated execution advantage across its account offerings, although it tends to have higher trading costs compared to some of the top competitors. Forex traders will find that OANDA's bid/ask spreads are most similar to brokers like FOREX.com and FxPro. For those seeking lower spreads, OANDA offers a core pricing option, which includes a commission of $5 per $100,000 currency exchanged. This core pricing is slightly more cost-effective than their standard pricing. OANDA ranks #34 out of 63 brokers in the Commissions and Fees category according to ForexBrokers.com, earning a solid 4-star rating.
In contrast, Vantage offers a range of account options, such as the spread-only Standard STP account and the commission-based RAW ECN and PRO ECN accounts, providing flexibility in trading costs. The pricing typically aligns with industry averages, with its most cost-effective option being the PRO account for qualifying clients. The PRO account charges only a $2 per-side commission and is comparable to offerings from FP Markets and Tickmill. Vantage’s active trader program rewards high-volume traders with rebates, making its pricing competitive. Rated 4.5 stars for its commissions and fees, Vantage is ranked #19 out of 63 brokers by ForexBrokers.com.
Both OANDA and Vantage offer distinct advantages depending on your trading needs. While OANDA provides automated execution with slightly higher average spreads, Vantage offers competitive pricing for its PRO ECN account, which could appeal to more experienced traders seeking lower fees. Choosing between them largely depends on your specific trading strategy and account preferences.
| Feature |
OANDA
|
Vantage
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average Spread EUR/USD - Standard | 1.69 | 1.30 |
| All-in Cost EUR/USD - Active | 1.69 | 0.75 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| 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.
OANDA vs. Vantage: both brokers let you trade forex as CFDs or spot, and both support copy trading. The big difference is breadth. OANDA lists 4,172 tradeable symbols and 69 forex pairs, while Vantage offers about 1,000 symbols and 61 pairs. OANDA also lets you buy exchange-traded securities on U.S. and international exchanges (think Apple or Vodafone) rather than only CFDs, which Vantage does not support. For crypto, OANDA offers access to both actual coins and crypto derivatives; Vantage limits you to crypto derivatives.
These differences show up in the ratings: OANDA earns 4 stars for Range of Investments and ranks #27 out of 63 brokers at ForexBrokers.com, while Vantage earns 3.5 stars and ranks #50. If you want a larger market selection plus the ability to own shares and real crypto, OANDA is the better fit. If your focus is mainly forex and CFDs, Vantage covers the essentials.
| Feature |
OANDA
|
Vantage
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4172 | 1000 |
| Forex Pairs (Total) | 69 | 61 |
| 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 | No |
| 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.
OANDA and Vantage both provide comprehensive trading platforms that cater to diverse trading needs. Both brokers offer free virtual demo accounts for simulated trading, allowing users to practice without financial risk. They have developed their own proprietary platforms and provide Windows-based desktop applications as well as web-based trading platforms. Moreover, each broker supports popular platforms like MetaTrader 4 and MetaTrader 5, and offers copy trading, though only Vantage extends its platform offerings with DupliTrade. While neither supports ZuluTrade, both brokers facilitate trading directly from stock charts.
In terms of charting tools, OANDA provides a wider array of drawing tools with a total of 74 compared to Vantage’s 15. However, Vantage edges out slightly in watch list customization with 7 columns versus OANDA’s 6. Both brokers receive a favorable rating of four out of five stars for their trading platforms and tools. Nonetheless, OANDA ranks slightly higher at #15, while Vantage is positioned at #21 according to ForexBrokers.com’s analysis of 63 brokers in this category. Given these features and rankings, traders might select OANDA for its broader charting options, whereas those seeking specific integrations might consider Vantage.
| Feature |
OANDA
|
Vantage
|
|---|---|---|
| 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 | Yes |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 89 | 30 |
| Charting - Drawing Tools (Total) | 74 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
OANDA and Vantage both offer excellent mobile trading apps that cater to iPhone and Android users. Trading options like forex price alerts, drawing trendlines on charts, and viewing multiple time frames make navigating the financial markets straightforward on both platforms. Each broker allows you to create watchlists with real-time quotes, although both are missing watchlist symbol syncing. This means that any changes you make to watchlists won't sync automatically between your mobile app and online account.
When it comes to technical analysis, both OANDA and Vantage provide 30 technical studies for charts, with the added benefit of auto-saving any drawings. However, OANDA edges ahead with a 5-star rating for its mobile trading app, compared to Vantage's 4-star rating. Based on a ranking of 63 brokers, OANDA secures the 7th position, significantly outperforming Vantage, which ranks 28th. For traders who prioritize mobile functionality and user experience, these rankings and ratings might make a crucial difference when choosing between the two.
| Feature |
OANDA
|
Vantage
|
|---|---|---|
| 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.
Both OANDA and Vantage provide excellent resources for market research, designed to keep traders informed and empowered. They each offer daily market commentary and forex news from esteemed sources like Bloomberg and Reuters, ensuring timely and reliable information. Additionally, both brokers feature tools from Autochartist for technical and fundamental analysis, alongside sentiment-based trading tools to gauge the positioning across currency pairs. Economic calendars are also available at both platforms, showcasing global events critical to traders.
Despite these similarities, there are some distinctions in their offerings. Vantage includes access to Trading Central's Technical Analytics, which OANDA does not offer. However, neither platform provides tools from Acuity Trading or market research from TipRanks. When it comes to overall research quality, OANDA holds a slight edge with a 5-star rating and is ranked #5 by ForexBrokers.com. In contrast, Vantage earns 4 stars and is ranked at #22, suggesting that its research offerings, while strong, might not be as comprehensive or well-rated as those from OANDA.
| Feature |
OANDA
|
Vantage
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing OANDA vs Vantage for beginner education, both brokers check the key boxes for learning forex and CFDs. Each offers a full library with at least 10 articles, videos, or webinars focused on trading, plus ongoing client webinars at least once a month. You also get a searchable archive of past webinars for easy replay. Beginners can start with at least 10 entry-level videos at either broker, then step up to at least 10 advanced videos. Both also include an investor dictionary with 50+ terms, helping you decode trading jargon as you learn.
Where they differ is in quality scores. OANDA holds a 5-star Education rating and ranks #19 out of 63 brokers for Education on ForexBrokers.com, while Vantage earns 4 stars and ranks #24. For a first-time trader, OANDA has the slight edge thanks to its higher rating and ranking, though Vantage still offers a strong, beginner-friendly education lineup with similar features.
| Feature |
OANDA
|
Vantage
|
|---|---|---|
| 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 OANDA is better than Vantage. OANDA finished with an overall rank of #12, while Vantage finished with an overall rank of #26.
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
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Vantage
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|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 90 |
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OANDA enables investors to buy actual delivered cryptocurrencies and offers cryptocurrency derivatives, whereas Vantage does not allow for the purchase of actual cryptocurrencies but provides options for trading cryptocurrency derivatives.
When comparing online brokers OANDA and Vantage in terms of deposit and withdrawal options, OANDA offers more flexibility with ACH and SEPA transfers, along with PayPal, Skrill, Visa, Mastercard, and bank wires, while Vantage supports only PayPal, Skrill, Visa, Mastercard, and bank wires, lacking ACH and SEPA transfer capabilities.
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 | OANDA | Vantage | |
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| Trust Score | 93 | 90 | |
| Winner | check_circle | ||
| Review | OANDA Review | Vantage Review |
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| Regulation | OANDA | Vantage | |
|---|---|---|---|
| Trust Score | 93 | 90 | |
| Year Founded | 1996 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 3 |
| Tier-1 Licenses (Highly Trusted) | OANDA | Vantage | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | OANDA | Vantage | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | OANDA | Vantage | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4172 | 1000 | |
| Forex Pairs (Total) | 69 | 61 | |
| 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 | No | |
| 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 | OANDA | Vantage | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.69 | 1.30 | |
| All-in Cost EUR/USD - Active | 1.69 | 0.75 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | OANDA | Vantage | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| 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 | No |
| Trading Platforms | OANDA | Vantage | |
|---|---|---|---|
| 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 | Yes | |
| ZuluTrade | No | No |
| Trading Tools | OANDA | Vantage | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 89 | 30 | |
| Charting - Drawing Tools (Total) | 74 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | Vantage | |
|---|---|---|---|
| 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 | OANDA | Vantage | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | Vantage | |
|---|---|---|---|
| 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 | OANDA | Vantage | |
|---|---|---|---|
| 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 | OANDA Review | Vantage Review |
| Overall | OANDA | Vantage | |
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| Trust Score | 93 | 90 | |
| Winner | check_circle | ||
| Review | OANDA Review | Vantage Review |
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