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 | 1.61 | 1.30 |
| All-in Cost EUR/USD - Active | 1.61 | 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.
When comparing the range of investments offered by OANDA and Vantage, both brokers provide opportunities for forex trading through CFDs or spot contracts. OANDA impresses with a wide selection of 3,928 tradeable symbols, notably surpassing Vantage's offering of 1,000 symbols. In the arena of forex pairs, OANDA again edges out with 68 options compared to Vantage’s 61. However, neither platform provides the chance to trade exchange-traded securities on U.S. or international exchanges.
Both OANDA and Vantage cater to traders interested in copy trading, but OANDA distinguishes itself by allowing the purchase of actual cryptocurrencies, a feature not available with Vantage. Both brokers, however, do offer the trading of cryptocurrency derivatives. When rated for the range of investments, OANDA earns a higher ranking with 4 stars and holds the #27 spot out of 63 brokers according to ForexBrokers.com, whereas Vantage receives 3.5 stars and ranks at #50. This indicates that while both platforms offer a solid array of trading options, OANDA provides a slightly more extensive investment range.
| Feature |
OANDA
|
Vantage
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3928 | 1000 |
| Forex Pairs (Total) | 68 | 61 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | 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.
When comparing the trading platforms and tools of OANDA and Vantage, both brokers offer a comprehensive range of features designed to cater to the needs of traders. They both provide free virtual demo accounts, allowing users to practice trading without financial risk. Each broker has developed its own proprietary platform and offers a Windows-based desktop download option, along with web-based trading platforms for flexibility. Additionally, both OANDA and Vantage support popular trading tools like MetaTrader 4 and MetaTrader 5, as well as copy trading. However, Vantage includes the DupliTrade service, which OANDA does not offer. Neither broker currently supports ZuluTrade. Despite these similarities, OANDA stands out with a significantly larger selection of drawing tools for charting.
In terms of technical details, OANDA's platform supports 431 drawing tools, whereas Vantage offers 15, which can be a crucial factor for those who prioritize detailed chart analysis. Furthermore, both brokers allow trading directly from stock charts. When it comes to watch lists, Vantage provides seven columns, slightly more than OANDA's six. Both brokers are highly rated with four stars for their trading platforms and tools. Despite this, OANDA ranks higher at #15 compared to Vantage's #21, among 63 brokers as per ForexBrokers.com, which may influence traders who rely on such reviews when choosing a platform.
| 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) | 81 | 30 |
| Charting - Drawing Tools (Total) | 431 | 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.
When comparing the market research offerings of OANDA and Vantage, both brokers provide comprehensive resources to aid traders in making informed decisions. Each platform offers daily market commentary and access to forex news from leading sources such as Bloomberg and Reuters. They both also include tools from Autochartist for technical and fundamental analysis, as well as sentiment-based trading tools that indicate the ratio of long or short positions across various instruments. Furthermore, both brokers supply economic calendars to keep traders informed of significant global events.
While Vantage excels by providing tools from Trading Central, which OANDA lacks, OANDA continues to hold a slight edge in overall market research quality with a perfect 5-star rating, compared to Vantage's 4-star rating. This difference is echoed in their rankings by ForexBrokers.com, where OANDA stands at an impressive fifth position out of 63 brokers, while Vantage holds the twenty-first spot. Despite these rankings, traders will find valuable research tools on both platforms to support their trading strategies effectively.
| 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.
When it comes to educational resources for beginners interested in forex or CFDs, both OANDA and Vantage provide a variety of options to help newcomers get started. Each broker offers a minimum of 10 educational pieces, including articles, videos, and archived webinars focused on forex or CFDs. They also host regular online webinars at least once a month, ensuring that clients have access to live learning opportunities. Both platforms boast a searchable archive of past webinars, making it easy for beginners to learn at their own pace. They each provide over 10 beginner-centric videos on trading topics, as well as advanced videos for those seeking to deepen their knowledge. Additionally, both OANDA and Vantage offer investor dictionaries with more than 50 investing terms, aiding users in understanding the financial jargon.
While both brokers are strong contenders in the educational arena, OANDA has a slight edge with a five-star rating for education, compared to Vantage's four-star rating. In rankings provided by ForexBrokers.com, OANDA is placed at #22 out of 63 brokers for the Education category, just ahead of Vantage, which is ranked at #24. This higher rating and ranking suggest that OANDA may offer a more comprehensive educational experience overall. However, both brokers provide ample resources for beginners, making them both viable options for those looking to enter the world of online trading.
| 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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|---|---|---|
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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 | |
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| 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) | No | No | |
| 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) | No | No | |
| 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) | No | No |
| Investments | OANDA | Vantage | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3928 | 1000 | |
| Forex Pairs (Total) | 68 | 61 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | 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 | 1.61 | 1.30 | |
| All-in Cost EUR/USD - Active | 1.61 | 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) | 81 | 30 | |
| Charting - Drawing Tools (Total) | 431 | 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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