OANDA vs Vantage Comparison
Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare OANDA vs Vantage.
Does OANDA or Vantage offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, Vantage offers better pricing overall for traders.
Is OANDA or Vantage safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. OANDA holds 7 global Tier-1 licenses, while Vantage holds 2. Vantage holds 1 global Tier-2 licenses, while OANDA holds 0. In our analysis of 23 international regulators across 50 brokers, OANDA (93) earned a higher Trust Score than Vantage (90).
Which trading platform is better: OANDA or Vantage?
To compare the trading platforms of both OANDA and Vantage, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Vantage offers a better experience. With research, OANDA offers superior market research. Finally, we found OANDA to provide better mobile trading apps.
What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both OANDA and Vantage offer MetaTrader 4 (MT4).OANDA and Vantage both offer copy trading.
How many forex pairs and CFDs are available to trade?
OANDA provides traders 71 currency pairs (e.g., EUR/USD) compared to Vantage's 49 available pairs. Forex pairs aside, Vantage offers traders access to 1000 CFDs while OANDA has 124 available CFDs, a difference of 876.
Can I trust OANDA?
OANDA is not publicly traded and does not operate a bank. OANDA is authorised by seven Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulators (High Risk). OANDA is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Investment Industry Regulatory Organization of Canada (IIROC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Financial Conduct Authority (FCA), and the Commodity Futures Trading Commission (CFTC), and the European Union via MiFID.
Can I trust Vantage?
Vantage is not publicly traded and does not operate a bank. Vantage is authorised by two tier-1 regulators (highly trusted), one tier-2 regulator (trusted), zero two tier-3 regulators (average risk), and two tier-4 regulators (high risk). Vantage is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).
Is OANDA good?
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.
Is Vantage good?
Vantage rounds out its MetaTrader platform suite offering with support for multiple social trading platforms, content powered by Trading Central and a proprietary mobile app. However, Vantage trails industry leaders in key areas such as research and education.
Overall winner: OANDA
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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.