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 vs. Vantage on costs: Vantage earns 4.5/5 stars for commissions and fees (ranked #12 of 63), while OANDA scores 4/5 stars (ranked #30 of 63). In general, Vantage’s commission-based ECN accounts can offer lower all-in costs than OANDA’s default pricing, and may still be competitive against OANDA’s core pricing. OANDA, meanwhile, stands out for flexible trade sizes and clear spread data, though its typical costs skew higher.
OANDA’s default, spread-only pricing saw an average EUR/USD spread of 1.61 pips in July 2024. Its optional Core Pricing trims the spread (about 0.4 pips in the example) but adds a $5 commission per side per $100,000 traded—roughly 1 pip per round turn—bringing the example all-in cost to about 1.4 pips. Core Pricing requires a $10,000 minimum deposit. OANDA also allows trade sizes as small as 1 unit and offers an Elite Trader rebate program paying $5–$17 per million. For transparency, it publishes trailing average spreads, though not fixed monthly averages.
Vantage’s spread-only Standard STP account lists typical EUR/USD spreads of 1.30 pips (March 2023). The RAW ECN account averaged about 0.15 pips plus a $3 commission per side ($6 round turn), for an estimated 0.75-pip total. Its PRO ECN account cuts the commission to $2 per side ($4 round turn) but has stricter eligibility and, in some regions, a $10,000 funding or wholesale-client requirement. Vantage also offers an active-trader rebate of $2–$8 per standard lot, though it applies only to the Standard account.
| Feature |
OANDA
|
Vantage
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average spread (EUR/USD) - Standard account | 1.68 | 1.32 |
| All-in Cost EUR/USD - Active | 1.69 | 0.72 |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
OANDA offers a wider range of investments than Vantage. Both brokers support forex trading as CFDs and spot contracts, but OANDA lists 4,172 tradeable symbols and 69 forex pairs versus Vantage’s 1,000 symbols and 61 pairs. OANDA also lets clients buy exchange-traded securities on both U.S. and international exchanges, while Vantage does not offer actual share dealing. For crypto, OANDA provides both real (delivered) cryptocurrency and crypto CFDs, whereas Vantage supports crypto only via CFDs. Copy trading is available at both brokers.
Reflecting this breadth, OANDA earns 4 stars for Range of Investments and ranks #20 out of 63 brokers on ForexBrokers.com. Vantage is rated 3.5 stars and ranks #32 out of 63. If having more symbols, more forex pairs, access to actual stocks, and the option to own real crypto matters to you, OANDA has the edge; if you mainly want CFDs with copy trading, Vantage can still fit the bill.
| Feature |
OANDA
|
Vantage
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4172 | 1000 |
| Forex Pairs (Total) | 69 | 61 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | Yes | No |
| 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.
Comparing OANDA vs Vantage for trading platforms and tools, both brokers check the key boxes for most traders. Each offers a free paper trading demo account, an in-house proprietary platform, a Windows desktop download, and a web-based platform. They both support MetaTrader 4 (MT4) and MetaTrader 5 (MT5), include copy trading options, and let you place trades directly from charts. If you prefer a familiar MT4/MT5 setup or want to try a broker’s own platform alongside a demo account, either broker can fit the bill.
In terms of third-party evaluations, both OANDA and Vantage earn 4 out of 5 stars for Trading Platforms and Tools. However, OANDA holds a higher placement in ForexBrokers.com’s category rankings, coming in at #16 out of 63 brokers, while Vantage is #20 out of 63. If rankings matter to you, OANDA edges ahead, but feature-wise these two are closely matched for platform choice, web and desktop access, copy trading, and chart-based order entry.
| Feature |
OANDA
|
Vantage
|
|---|---|---|
| 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) | 89 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Comparing OANDA vs Vantage for mobile trading, both brokers cover the essentials on iPhone and Android. Each app supports price alerts, 30 technical studies for charting, trendline drawing, and auto-saving of chart annotations. One notable limitation for both is watchlist syncing: changes made on mobile do not sync with your online account, and vice versa.
Where they differ is quality ratings. OANDA’s mobile trading app is rated 5 stars and ranks #7 out of 63 brokers by ForexBrokers.com, while Vantage earns 4 stars and ranks #24. If you want a higher-rated mobile experience with the same core tools, OANDA is the stronger pick; if you’re comfortable with a slightly lower rating, Vantage still delivers comparable features on the go.
| Feature |
OANDA
|
Vantage
|
|---|---|---|
| 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.
OANDA and Vantage both deliver daily market commentary, top-tier forex news (from sources like Bloomberg, Reuters, or Dow Jones), Autochartist-powered insights, sentiment tools showing long/short ratios, and an economic calendar. Neither broker offers research from TipRanks or Acuity Trading. The key difference: Vantage includes Trading Central tools, while OANDA does not, which may matter if you prefer Trading Central’s technical and fundamental signals.
For overall research quality, OANDA takes the lead with a 5-star rating and a #4 ranking out of 63 brokers on ForexBrokers.com. Vantage earns 4 stars and ranks #20. If you want the highest-rated research experience, OANDA is the stronger pick; if Trading Central access is a priority, Vantage is worth a look.
| Feature |
OANDA
|
Vantage
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central | No | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Both OANDA and Vantage provide extensive forex and CFD education that’s friendly to beginners. Each broker offers far more than the minimum 10 educational pieces, with at least 10 beginner videos and 10 advanced videos that cover trading basics through more complex topics. You also get ongoing learning through monthly live webinars, which can help new traders build confidence and ask questions in real time.
When it comes to quality, OANDA has the edge for education. It earns 5 stars and ranks #18 out of 63 brokers for Education on ForexBrokers.com, while Vantage earns 4 stars and ranks #23. If you’re a beginner seeking the strongest overall learning experience, OANDA is the slightly better pick. That said, Vantage still delivers a wide range of videos and regular webinars, making it a solid choice for new traders.
| Feature |
OANDA
|
Vantage
|
|---|---|---|
| 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 OANDA is better than Vantage. OANDA finished with an overall rank of #13, while Vantage finished with an overall rank of #24.
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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| Trust Score | 93 | 90 |
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In the OANDA vs Vantage comparison, OANDA lets you buy actual (delivered) cryptocurrency and trade crypto CFDs, whereas Vantage supports cryptocurrency CFDs only and does not offer direct coin purchases.
OANDA supports ACH/SEPA, PayPal, Skrill, and bank wire deposits and withdrawals, while Vantage offers PayPal, Skrill, and bank wires but not ACH/SEPA; Visa/Mastercard availability is not specified for either broker.
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 |
| Broker Screenshots | OANDA | Vantage | |
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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 (FSA 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, FSRA, or SCA 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. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | Yes | No | |
| 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 | OANDA | Vantage | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.68 | 1.32 | |
| All-in Cost EUR/USD - Active | 1.69 | 0.72 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | OANDA | Vantage | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | OANDA | Vantage | |
|---|---|---|---|
| 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 | OANDA | Vantage | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 89 | 30 | |
| 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 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 | OANDA | Vantage | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | Vantage | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | OANDA | Vantage | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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