menuclose
Back to Main Menu
ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Learn How We Make Money
Home ‣ Compare ‣ OANDA vs XM Group 2025

OANDA vs XM Group 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of OANDA vs XM Group, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

OANDA
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 93
  • Tradeable Symbols (Total): 4172 info
XM Group
4.5/5 Stars Overall
  • Minimum Deposit: $5
  • Trust Score: 93
  • Tradeable Symbols (Total): 1394

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.

Regulation

OANDA and XM Group are both reputable online brokers who have built solid trust within the trading community. Founded in 1996, OANDA is slightly older than XM Group, which was established in 2009. Neither company is publicly traded or operates as a bank. Both have earned a commendable Trust Score of 93 out of 99 from ForexBrokers.com, categorizing them as highly trusted brokers. OANDA stands out with its possession of seven Tier-1 licenses, reflecting strong regulatory oversight, while XM Group holds four Tier-1 licenses and one Tier-2 license, highlighting its commitment to maintaining a trustworthy trading environment.

These brokers provide traders with secure platforms that come under the watchful eye of multiple financial authorities. OANDA's notable collection of Tier-1 licenses underscores its extensive regulatory reach, though it does lack any Tier-2 licenses. XM Group, while having fewer Tier-1 licenses than OANDA, supplements its regulatory standing with one Tier-2 license, indicating its desire to ensure client trust and security through additional layers of regulation. Both OANDA and XM Group offer sturdy foundations for individuals seeking reliable options in the competitive landscape of online trading.

Feature OANDA logoOANDA
XM Group logoXM Group
Year Founded info 1996 2009
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 7 4
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1

Fees

OANDA and XM Group earn the same commissions-and-fees rating — 4 stars each — but XM is ranked slightly higher (#34 of 63) than OANDA (#35 of 63). OANDA’s forex costs tend to be on the high side on its standard, commission-free pricing. XM’s Standard account spreads are also pricey, and the broker does not publish average spreads for its commission-based XM Zero account, which makes direct cost comparisons harder.

At OANDA, spreads (the gap between buy and sell price) are comparable to FOREX.com and FxPro. For example, the average EUR/USD spread on OANDA’s non-core pricing was 1.61 pips in July 2024. OANDA’s “core pricing” lowers the spread but adds a commission of $5 per side per $100,000 traded ($10 per round turn) and requires a $10,000 minimum deposit. Using EUR/USD as an example: a 1.6-pip default spread versus 0.4 pips on core plus the 1.0-pip commission equivalent works out to 1.4 pips all-in — slightly cheaper than default. OANDA also lets you trade in very small sizes (down to 1 unit), and active traders may qualify for rebates of $5–$17 per million with extra perks like TradingView subscription reimbursements. OANDA publishes trailing average spreads for transparency, though it doesn’t post fixed-period averages, which limits apples-to-apples comparisons.

XM Group’s Standard account spreads are expensive, and the firm does not publish average spreads for the XM Zero commission account — a drawback for price transparency. By contrast, OANDA shares trailing averages and offers granular trade sizes and volume-based rebates. Bottom line: both brokers score 4 stars on costs, with XM ranked #34/63 and OANDA #35/63; OANDA can be marginally cheaper on its core plan in some cases, while XM’s lack of published XM Zero averages makes it tougher to gauge whether its commission plan delivers lower all-in pricing.

Feature OANDA logoOANDA
XM Group logoXM Group
Minimum Deposit info $0 $5
Average Spread EUR/USD - Standard info 1.69 info 1.6 info
All-in Cost EUR/USD - Active info 1.69 info 0.8 info
Active Trader or VIP Discounts info Yes info No
ACH or SEPA Transfers info Yes info No
PayPal (Deposit/Withdraw) info Yes info No
Skrill (Deposit/Withdraw) info Yes info Yes
Visa/Mastercard (Credit/Debit) info Yes info Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

Comparing the range of investments at OANDA and XM Group, both brokers let you trade forex as CFDs and spot. OANDA lists 4,172 tradeable symbols and 69 forex pairs, while XM Group offers 1,394 symbols and 55 pairs. Each broker also provides access to exchange-traded securities (not CFDs) on both U.S. and international exchanges—so you can buy shares like Apple (AAPL) in the U.S. and Vodafone in London. Copy trading is available at both.

For crypto, OANDA supports both real (delivered) cryptocurrency and cryptocurrency derivatives, whereas XM Group offers crypto derivatives but not actual coins. In independent reviews, XM Group earns 4.5 out of 5 stars for its Range of Investments and ranks 25th out of 63 brokers at ForexBrokers.com; OANDA is rated 4 out of 5 stars and ranks 28th. Choose based on what matters most: OANDA’s larger symbol list and more forex pairs, or XM Group’s slightly higher third-party rating.

Feature OANDA logoOANDA
XM Group logoXM Group
Forex Trading (Spot or CFDs) info Yes info Yes
Tradeable Symbols (Total) info 4172 info 1394
Forex Pairs (Total) info 69 55
U.S. Stock Trading (Non CFD) info Yes Yes
Int'l Stock Trading (Non CFD) info Yes Yes
Social Trading / Copy Trading info Yes info Yes
Cryptocurrency (Physical) info Yes No
Cryptocurrency (Derivative) info Yes info 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.

Trading platforms and tools

Comparing online brokers OANDA and XM Group for trading platforms and tools, both offer free demo (paper) accounts, web platforms, and Windows desktop software, plus MetaTrader 4 (MT4) and MetaTrader 5 (MT5). OANDA also provides a proprietary, in-house platform, while XM Group focuses on MetaTrader. Copy trading is available at both, though neither supports DupliTrade or ZuluTrade. Each broker lets you place trades directly from charts. For watchlists, OANDA offers six columns, whereas XM Group provides seven.

When it comes to charting, OANDA lists 74 drawing tools compared with 15 at XM Group; indicator counts were not provided for either. Independent reviews show a close finish: both earned 4 out of 5 stars for Trading Platforms and Tools, yet OANDA ranked #15 out of 63 brokers at ForexBrokers.com, while XM Group ranked #33. Choose OANDA if you want an in-house platform and more drawing tools, or pick XM Group if you prefer a MetaTrader-only setup with slightly more watchlist fields.

Feature OANDA logoOANDA
XM Group logoXM Group
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes info Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes info Yes
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 89 30
Charting - Drawing Tools (Total) info 74 15
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 6 7

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

OANDA and XM Group both deliver full-featured mobile trading apps for iPhone and Android. Each app supports price alerts, real-time watchlists, and flexible charting with 30 technical studies, trendline drawing, and multiple time frames (intraday to longer periods). Whether you trade forex or follow other markets, both apps cover the core tools most traders expect on the go.

The differences show up in workflow and ratings. OANDA’s app auto-saves your chart drawings, while XM Group’s does not. XM Group syncs watchlists between mobile and the web platform, but OANDA does not. In independent evaluations, OANDA earns 5 stars and ranks #7 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, while XM Group earns 4 stars and ranks #31. Choose OANDA if auto-saving chart work and a higher-rated app matter most; choose XM Group if watchlist syncing across devices is your priority.

Feature OANDA logoOANDA
XM Group logoXM Group
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

OANDA and XM Group both offer a range of market research tools that cater to traders seeking timely insights. They both provide daily market commentary and access to forex news from well-known providers like Bloomberg and Reuters. OANDA stands out with its offering of technical analysis tools from Autochartist, which XM Group does not provide. On the flip side, XM Group provides resources from Trading Central, which are unavailable to OANDA users. Both brokers feature sentiment-based trading tools that give a comprehensive view of market positions across various currency pairs. An economic calendar is also included by both, helping traders stay updated with global news events.

While neither offers research tools from TipRanks or Acuity Trading, OANDA receives higher recognition with a research rating of five stars and is ranked 5th among 63 brokers by ForexBrokers.com. XM Group also garners a five-star research rating but is ranked slightly lower at 8th place. This subtle distinction may influence those prioritizing advanced market analysis tools in their trading decisions.

Feature OANDA logoOANDA
XM Group logoXM Group
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info No Yes
Social Sentiment - Currency Pairs info Yes Yes
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

For beginner traders, both OANDA and XM Group deliver extensive forex and CFD education. Each broker offers well over ten learning pieces—articles, videos, and archived webinars—plus live client webinars at least once a month. You can browse a searchable archive of past sessions, and both brands provide at least ten beginner-focused video lessons, along with ten or more advanced videos so you can keep progressing.

Where they differ: OANDA adds an investor dictionary with 50+ terms, which can be handy when you’re new; XM Group doesn’t list a dictionary. Both earn 5 out of 5 stars for Education, yet ForexBrokers.com ranks XM Group higher (#7 of 63) than OANDA (#19 of 63). In short, XM Group scores better in the education rankings overall, while OANDA stands out if you want an integrated glossary alongside a deep library of videos and webinars.

Feature OANDA logoOANDA
XM Group logoXM Group
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that OANDA is better than XM Group. OANDA finished with an overall rank of #12, while XM Group finished with an overall rank of #17.

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 logoOANDA
XM Group logoXM Group
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trust Score info 93 93
Range of Investments 4/5 Stars 4.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 5/5 Stars 5/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Education 4/5 Stars 4.5/5 Stars

FAQs

Can you trade cryptocurrency with OANDA or XM Group?

OANDA stands out by offering both actual cryptocurrency purchases and cryptocurrency derivatives, whereas XM Group only provides access to cryptocurrency derivatives and does not support the purchase of actual cryptocurrencies.

What funding options does each broker offer?

OANDA offers a variety of account funding and withdrawal options including ACH or SEPA transfers, PayPal, Skrill, Visa, Mastercard, and bank wires, while XM Group provides funding options such as Skrill, Visa, Mastercard, and bank wires, but does not support ACH, SEPA transfers, or PayPal.

More Comparisons

OANDA vs BlackBull Markets OANDA vs Spreadex OANDA vs Pepperstone OANDA vs Markets4you OANDA vs Capital.com OANDA vs GBE brokers XM Group vs HYCM (Henyep Capital Markets) XM Group vs Earn XM Group vs Swissquote XM Group vs Eightcap XM Group vs ActivTrades XM Group vs VT Markets

Show all



announcementPlease 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.

Select Brokers

↓×
  • check_box_outline_blankcheck_boxActivTrades
  • check_box_outline_blankcheck_boxACY Securities
  • check_box_outline_blankcheck_boxAdmirals
  • check_box_outline_blankcheck_boxAlpari
  • check_box_outline_blankcheck_boxATFX
  • check_box_outline_blankcheck_boxAvaTrade
  • check_box_outline_blankcheck_boxAxi
  • check_box_outline_blankcheck_boxBDSwiss
  • check_box_outline_blankcheck_boxBlackBull Markets
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxCharles Schwab
  • check_box_outline_blankcheck_boxCity Index
  • check_box_outline_blankcheck_boxCMC Markets
  • check_box_outline_blankcheck_boxDooPrime
  • check_box_outline_blankcheck_boxEarn
  • check_box_outline_blankcheck_boxeasyMarkets
  • check_box_outline_blankcheck_boxEightcap
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxExness
  • check_box_outline_blankcheck_boxFineco
  • check_box_outline_blankcheck_boxFOREX.com
  • check_box_outline_blankcheck_boxFP Markets
  • check_box_outline_blankcheck_boxFXCM
  • check_box_outline_blankcheck_boxFXGT.com
  • check_box_outline_blankcheck_boxFXOpen
  • check_box_outline_blankcheck_boxFXPrimus
  • check_box_outline_blankcheck_boxFxPro
  • check_box_outline_blankcheck_boxGBE brokers
  • check_box_outline_blankcheck_boxHFM
  • check_box_outline_blankcheck_boxHYCM (Henyep Capital Markets)
  • check_box_outline_blankcheck_boxIC Markets
  • check_box_outline_blankcheck_boxIFC Markets
  • check_box_outline_blankcheck_boxiFOREX
  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxIronFX
  • check_box_outline_blankcheck_boxIUX
  • check_box_outline_blankcheck_boxLegacyFX
  • check_box_outline_blankcheck_boxLibertex (Forex Club)
  • check_box_outline_blankcheck_boxMarkets.com
  • check_box_outline_blankcheck_boxMarkets4you
  • check_box_outline_blankcheck_boxMoneta Markets
  • check_box_outline_blankcheck_boxMultiBank
  • check_box_outline_blankcheck_boxOANDA
  • check_box_outline_blankcheck_boxOcta
  • check_box_outline_blankcheck_boxPepperstone
  • check_box_outline_blankcheck_boxPlus500
  • check_box_outline_blankcheck_boxQuestrade
  • check_box_outline_blankcheck_boxRoboForex
  • check_box_outline_blankcheck_boxSaxo
  • check_box_outline_blankcheck_boxSpreadex
  • check_box_outline_blankcheck_boxSwissquote
  • check_box_outline_blankcheck_boxThinkMarkets
  • check_box_outline_blankcheck_boxTickmill
  • check_box_outline_blankcheck_boxTMGM
  • check_box_outline_blankcheck_boxTopFX
  • check_box_outline_blankcheck_boxTrade Nation
  • check_box_outline_blankcheck_boxTrading 212
  • check_box_outline_blankcheck_boxVantage
  • check_box_outline_blankcheck_boxVT Markets
  • check_box_outline_blankcheck_boxXM Group
  • check_box_outline_blankcheck_boxXTB
  • check_box_outline_blankcheck_boxXtrade

Compare

0 of 5
× OANDA
× XM Group
Sponsored

+ Add Broker

Close Menu ×

navigate_before navigate_next
Overall Rating OANDA XM Group
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 4.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 5/5 Stars
Education 4/5 Stars 4.5/5 Stars
Trust Score info 93 93
Winner check_circle
Review OANDA Review XM Group Review
Broker Screenshots OANDA XM Group
Broker Gallery (click to expand) info
OANDA fxTrade mobile trading app charting OANDA Trade web platform. OANDA's website features research in the form of its MarketPulse blog, which includes news, analysis, and articles. The OANDA website's educational hub features webinars and videos covering current events and financial analysis.
XM MetaTrader 5 mobile trading app XM MetaTrader 5 desktop trading platform. XM research articles market news and analysis XM educational content forex course chapters.
Regulation OANDA XM Group
Trust Score info 93 93
Year Founded info 1996 2009
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes
Tier-1 Licenses info 7 4
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) OANDA XM Group
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info Yes No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info Yes No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes
Tier-2 Licenses (Trusted) OANDA XM Group
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA/Central Bank Authorised) info No Yes
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments OANDA XM Group
Forex Trading (Spot or CFDs) info Yes info Yes
Tradeable Symbols (Total) info 4172 info 1394
Forex Pairs (Total) info 69 55
U.S. Stock Trading (Non CFD) info Yes Yes
Int'l Stock Trading (Non CFD) info Yes Yes
Social Trading / Copy Trading info Yes info Yes
Cryptocurrency (Physical) info Yes No
Cryptocurrency (Derivative) info Yes info 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 XM Group
Average Spread EUR/USD - Standard info 1.69 info 1.6 info
All-in Cost EUR/USD - Active info 1.69 info 0.8 info
Active Trader or VIP Discounts info Yes info No
Inactivity Fee info Yes Yes
Execution: Agency Broker info No No
Execution: Market Maker info Yes Yes
Funding OANDA XM Group
Minimum Deposit info $0 $5
PayPal (Deposit/Withdraw) info Yes info No
Skrill (Deposit/Withdraw) info Yes info Yes
Visa/Mastercard (Credit/Debit) info Yes info Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info Yes info No
Trading Platforms OANDA XM Group
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes info Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes info Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools OANDA XM Group
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 6 7
Charting - Indicators / Studies (Total) info 89 30
Charting - Drawing Tools (Total) info 74 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading OANDA XM Group
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Economic Calendar info Yes Yes
Research OANDA XM Group
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info No Yes
TipRanks info No No
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education OANDA XM Group
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes No
Major Forex Pairs OANDA XM Group
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review OANDA Review XM Group Review
Overall OANDA XM Group
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 4.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 5/5 Stars
Education 4/5 Stars 4.5/5 Stars
Trust Score info 93 93
Winner check_circle
Review OANDA Review XM Group Review
arrow_upward

close
navigate_before navigate_next