Written by ForexBrokers.com
In this head to head comparison of OANDA vs VT Markets, 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.
OANDA and VT Markets both serve as reputable online brokers but differ significantly in terms of their regulatory credentials. Founded in 1996, OANDA holds seven Tier-1 licenses, which places it among the highly trusted brokers with a Trust Score of 93 according to ForexBrokers.com. Although not a publicly traded company or a bank, OANDA’s regulatory credentials affirm its commitment to maintaining a secure trading environment for its clients.
In contrast, VT Markets, established in 2016, holds just one Tier-1 license and one Tier-2 license. Its ForexBrokers.com Trust Score is 70, categorizing it as having an average risk profile in terms of trustworthiness. Like OANDA, VT Markets is neither publicly listed nor a bank, but its fewer regulatory licenses and lower trust score suggest a more cautious approach is warranted when assessing its trading platform.
| Feature |
OANDA
|
VT Markets
|
|---|---|---|
| Year Founded | 1996 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When it comes to forex trading costs, OANDA has relatively high fees, although they offer automated execution across their account offerings. While OANDA's spreads are comparable to brokers like FOREX.com and FxPro, the minimum spread costs can be somewhat elevated. Their core pricing model offers lower spreads but includes a $10 per round turn standard lot commission, making it slightly cheaper than their commission-free option when fully accounted for. With features like micro lots and an Elite Trader program offering rebates, OANDA gives a broader range of options for different trading levels. Despite a focus on transparency, OANDA does not publish fixed average spread figures, making precise comparisons challenging. In terms of commissions and fees, OANDA earns a 4-star rating and ranks #34 out of 63 brokers according to ForexBrokers.com.
On the other hand, VT Markets offers two main account types: the Raw ECN and the Standard STP, both with a low minimum deposit requirement of $100. The Standard STP account is commission-free but comes with larger spreads, averaging 1.2 pips on the EUR/USD pair. In contrast, the Raw ECN account provides more competitive pricing, featuring an effective spread of around 0.83 pips when including commissions. This makes the Raw ECN account a more attractive choice for those focused on cost efficiency. VT Markets performs well in pricing, earning a 4.5-star rating and a #20 ranking in commissions and fees by ForexBrokers.com, positioning them strongly in the industry.
| Feature |
OANDA
|
VT Markets
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.61 | 1.2 |
| All-in Cost EUR/USD - Active | 1.61 | 0.8 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| 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 and VT Markets both offer forex trading as contracts for difference (CFDs) or as spot contracts, allowing traders to benefit from currency price movements. In terms of tradeable symbols, OANDA stands out with 3,928 available options compared to VT Markets' 1,000. This extensive availability includes 68 forex pairs offered by OANDA, nearly double the 39 pairs available from VT Markets. While neither platform provides the option to invest in exchange-traded securities on U.S. exchanges, VT Markets does offer this opportunity on international exchanges, unlike OANDA. Both brokers support copy trading, allowing clients to mimic the successful strategies of experienced traders.
When it comes to cryptocurrency offerings, OANDA provides more flexibility by offering both actual digital currencies and cryptocurrency derivatives, while VT Markets limits clients to trading only derivatives. With these differences in mind, OANDA achieves a higher rating of 4 stars in the Range of Investments category, compared to VT Markets’ 3.5 stars. On ForexBrokers.com, OANDA is ranked 27th out of 63 brokers for its range of investments, showing a broader investment selection than VT Markets, which is ranked 39th.
| Feature |
OANDA
|
VT Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3928 | 1000 |
| Forex Pairs (Total) | 68 | 39 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| 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 VT Markets both provide comprehensive trading platforms and tools that cater to diverse user needs. Both brokers offer traders the opportunity to practice with simulated trading through free virtual demo accounts, making them ideal for beginners or those looking to refine their strategies without financial risk. While OANDA boasts an in-house developed proprietary platform, VT Markets relies on third-party solutions. Both brokers, however, offer extensive platform compatibility with Windows-based desktop, web-based, MetaTrader 4, and MetaTrader 5 options. When it comes to charting, OANDA provides an impressive 431 drawing tools compared to VT Markets' 30, though both allow traders to execute trades directly from stock charts. Additionally, OANDA offers six columns for watch lists, while VT Markets offers a slightly more extensive seven.
In terms of social trading features, both OANDA and VT Markets support copy trading but not DupliTrade or ZuluTrade. Both platforms have earned a solid four-star rating for their trading platforms and tools, indicating a high level of user satisfaction. However, OANDA's position at #15 in ForexBrokers.com's ranking out of 63 brokers, compared to VT Markets at #47, suggests a higher overall ranking in the trading platform and tools category. Whether you opt for OANDA's proprietary platform with extensive charting tools or VT Markets' straightforward solutions, both brokers are well-suited for traders looking for reliable trading environments.
| Feature |
OANDA
|
VT Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| 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 | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 81 | 15 |
| Charting - Drawing Tools (Total) | 431 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
OANDA and VT Markets both provide iPhone and Android apps, ensuring accessible trading across devices. Both apps feature stock and forex price alerts and allow users to draw trendlines and view different time frames on their charts. With 30 technical studies available for charting, these apps offer valuable analysis tools for traders of all experience levels. Moreover, both apps support the creation of watchlists with real-time quotes, although neither allows syncing of watchlists between mobile and online accounts.
Where the apps differ is in the saving of chart drawings, with OANDA automatically saving user drawings, a feature not available on the VT Markets app. Furthermore, OANDA's mobile trading app is rated five out of five stars and ranks seventh out of 63 brokers, underscoring its excellence in mobile trading. In contrast, the VT Markets app holds a four-star rating and ranks 44th, indicating room for improvement compared to its counterpart.
| Feature |
OANDA
|
VT Markets
|
|---|---|---|
| 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 | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing OANDA and VT Markets for market research tools, both brokers stand out by offering daily market commentary and presenting forex news from top-tier sources like Bloomberg and Reuters. In terms of specialized tools, OANDA provides features like Autochartist for technical or fundamental analysis, while VT Markets turns to Trading Central for similar insights. Both brokers also offer sentiment-based tools to help traders gauge market trends. Though neither OANDA nor VT Markets provides research resources from TipRanks or Acuity Trading, they both maintain comprehensive economic calendars to keep traders informed about global events.
OANDA takes a lead with a five-star rating for research, positioning it impressively at 5th among 63 brokers on ForexBrokers.com, reflecting its comprehensive market research offerings. VT Markets, receiving a 3.5-star rating and ranking 36th, still provides solid research capabilities but doesn't quite match the breadth or depth found with OANDA. These differences might help traders decide which broker aligns better with their need for market insight and analysis tools.
| Feature |
OANDA
|
VT Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| 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.
OANDA and VT Markets both cater to beginner traders with various educational resources. If you're just starting, OANDA might be the better option. It offers an extensive range of materials, including at least 10 beginner-focused educational videos and an ongoing series of monthly webinars to support consistent learning. Additionally, OANDA provides a searchable archive of recorded webinars and an investor dictionary rich with over 50 investing terms, enhancing the learning experience. With these comprehensive educational resources, OANDA scores a high 5-star rating in the education category and ranks #22 out of 63 brokers on ForexBrokers.com.
VT Markets also provides a decent array of educational materials tailored for new traders, offering at least 10 beginner videos and a dictionary with more than 50 investing terms. However, it doesn't match up with OANDA in terms of live educational webinars or advanced trading videos. While VT Markets delivers a solid base for beginners, its lack of some advanced and interactive educational offerings is reflected in its 3.5-star education rating and a ranking of #55 by ForexBrokers.com. For traders focusing on comprehensive educational growth, OANDA appears to offer a more complete package.
| Feature |
OANDA
|
VT Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| 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 VT Markets. OANDA finished with an overall rank of #12, while VT Markets finished with an overall rank of #44.
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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VT Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 70 |
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OANDA provides the option to buy actual delivered cryptocurrencies and cryptocurrency derivatives, while VT Markets only offers the ability to purchase cryptocurrency derivatives.
OANDA stands out from VT Markets in terms of deposit and withdrawal options by offering ACH, SEPA, and PayPal, whereas both platforms share similar features, such as accepting Skrill, Visa, Mastercard, and bank wire transfers.
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 | VT Markets | |
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| Trust Score | 93 | 70 | |
| Winner | check_circle | ||
| Review | OANDA Review | VT Markets Review |
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| Regulation | OANDA | VT Markets | |
|---|---|---|---|
| Trust Score | 93 | 70 | |
| Year Founded | 1996 | 2016 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | OANDA | VT Markets | |
|---|---|---|---|
| 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 | No | |
| 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 | VT Markets | |
|---|---|---|---|
| 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 | VT Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3928 | 1000 | |
| Forex Pairs (Total) | 68 | 39 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| 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 | VT Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.61 | 1.2 | |
| All-in Cost EUR/USD - Active | 1.61 | 0.8 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | OANDA | VT Markets | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| 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 | VT Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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 | No | |
| ZuluTrade | No | No |
| Trading Tools | OANDA | VT Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 81 | 15 | |
| Charting - Drawing Tools (Total) | 431 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | VT Markets | |
|---|---|---|---|
| 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 | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | OANDA | VT Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | VT Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | OANDA | VT Markets | |
|---|---|---|---|
| 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 | VT Markets Review |
| Overall | OANDA | VT Markets | |
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| Trust Score | 93 | 70 | |
| Winner | check_circle | ||
| Review | OANDA Review | VT Markets Review |
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