Written by ForexBrokers.com
In this head to head comparison of XTB vs OANDA, 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.
Established in 2002, XTB is a prominent online broker known for its high Trust Score of 96, indicating a high level of trust according to ForexBrokers.com. XTB is publicly traded and holds two Tier-1 licenses, which are highly trusted, along with two Tier-2 licenses, considered trusted by the same authority. Despite not being a bank, its standing in the market is bolstered by public trade and regulatory recognition.
OANDA, founded in 1996, is another well-regarded online broker that garners a Trust Score of 93, signaling a strong trust rating. Although not publicly traded, OANDA surpasses XTB in regulatory credentials with seven Tier-1 licenses under its belt. Like XTB, OANDA is not a bank, yet its commendable regulatory framework heightens its credibility in the trading landscape.
| Feature |
XTB
|
OANDA
|
|---|---|---|
| Year Founded | 2002 | 1996 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 7 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 1 | 0 |
| Tier-4 Licenses | 2 | 1 |
Comparing commissions and fees, XTB generally comes out cheaper than OANDA based on the figures provided. XTB earned 4.5/5 stars and ranks #12 of 63 for Commissions and Fees, while OANDA holds 4/5 stars and ranks #35 of 63. On EUR/USD, XTB’s average spread was 1.0 pip (Q4 2023). OANDA’s average under its default, commission-free pricing was 1.61 pips in July 2024, and its Core pricing works out to about 1.4 pips all-in (0.4-pip spread plus a commission equivalent of 1.0 pip).
XTB offers a spread-only Standard account for most clients and has phased out its commission-based Professional account (still available to certain legacy or elective professional clients in the U.K. and EU). Minimum deposit is 250 in your base currency. For active traders, XTB’s Lower Spread Group rebates 5%–30% of the spread once you hit monthly volume tiers (starting at 20 lots and up to 1,000 lots), which can narrow costs further.
OANDA isn’t a discount broker, and its default spreads are on the high side compared with top low-cost peers. Its Core pricing can reduce costs, but it adds a $5 per side commission per $100,000 traded (about $10 per round turn) and requires a $10,000 minimum deposit. Perks include trading in units as small as 1 (smaller than a micro lot) and an Elite Trader program with rebates of $5–$17 per million in select regions. OANDA also shares trailing spread averages for transparency, though they aren’t fixed-period averages.
| Feature |
XTB
|
OANDA
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 1.00 | 1.69 |
| All-in Cost EUR/USD - Active | 1.00 | 1.69 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | Yes |
| 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.
XTB and OANDA both let you trade forex either as CFDs or spot contracts. In terms of breadth, XTB lists 7,184 tradeable symbols and 71 forex pairs, while OANDA offers 4,172 symbols and 69 forex pairs. Both brokers also provide access to exchange-traded securities on U.S. and international exchanges, so you can buy shares like Apple on NASDAQ or Vodafone in London. For digital assets, both support cryptocurrency derivatives; only OANDA also lets you buy the actual coins. OANDA includes copy trading, which XTB does not.
For Range of Investments, XTB is rated 5 stars and ranks #15 out of 63 brokers at ForexBrokers.com, while OANDA is rated 4 stars and ranks #28. Choose XTB if you want the widest overall selection of markets; pick OANDA if delivered crypto and copy trading are higher on your list.
| Feature |
XTB
|
OANDA
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7184 | 4172 |
| Forex Pairs (Total) | 71 | 69 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | Yes |
| 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.
Both XTB and OANDA offer traders simulated trading through free virtual demo accounts, making them ideal for beginners who wish to practice their trading skills without financial risk. Each broker provides a proprietary platform that demonstrates a commitment to creating a tailored trading environment. They both support Windows-based desktop download platforms and web-based trading, providing flexibility for traders who need different access points. If you're looking for copy trading features, OANDA delivers, while XTB does not offer this option. Furthermore, OANDA supports MetaTrader 4 and 5, popular platforms known for their vast functionalities, something XTB does not provide. However, neither broker includes DupliTrade or ZuluTrade in their offerings.
In the arena of charting tools, XTB provides 32 drawing tools compared to OANDA's more extensive selection of 74. This feature can be pivotal for traders who rely heavily on technical analysis. When it comes to trading directly from stock charts, both brokers cater to this need. XTB offers 8 columns for watch lists, surpassing OANDA's 6 columns, which might appeal to those looking for more detailed market monitoring. According to ForexBrokers.com, XTB outshines with a 4.5-star rating and a higher ranking of 9th out of 63 brokers, compared to OANDA's 4-star rating and 15th position. These distinctions underline XTB's slight edge in trading platforms and tools, although preferences can depend on the specific needs of individual traders.
| Feature |
XTB
|
OANDA
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 39 | 89 |
| Charting - Drawing Tools (Total) | 32 | 74 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 6 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both XTB and OANDA offer mobile trading apps for iPhone and Android users, making it easy to trade stocks and forex on the go. Their apps offer useful features like stock or forex price alerts and the ability to draw trend lines on charts. In terms of technical studies, XTB offers a slight edge with 39 available studies compared to OANDA's 30. However, both platforms fall short when it comes to syncing watchlist symbols between the mobile app and the client’s online account, meaning you'll have to manually update watchlists on different devices.
Real-time quotes and the ability to view multiple time frames are available on both mobile apps, with auto-saving functionalities for drawings on charts. In overall user ratings, OANDA slightly outshines XTB with a perfect 5-star rating, compared to XTB's 4.5 stars. According to ForexBrokers.com, OANDA is ranked #7 out of 63 brokers for mobile trading apps, while XTB is ranked #8, making both solid choices but with just a slight overall leaning towards OANDA.
| Feature |
XTB
|
OANDA
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 39 | 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 XTB and OANDA for market research capabilities, both brokers excel in providing comprehensive daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters. They offer sentiment-based trading tools that provide insights into market positions and share detailed economic calendars, helping traders track global news events effectively. Both XTB and OANDA have earned top ratings of five stars for their research services, underscoring their commitment to offering valuable insights for traders.
However, slight differences emerge when examining their technical analysis offerings. OANDA stands out by providing tools from Autochartist, enhancing its research capabilities with advanced technical analysis, whereas XTB does not provide this feature. Neither broker offers research tools from Trading Central or Acuity Trading. Despite these differences, both brokers maintain strong reputations in the industry, with OANDA ranked slightly higher at #5 and XTB following closely at #7 out of 63 brokers in the research category by ForexBrokers.com.
| Feature |
XTB
|
OANDA
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | No |
| 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.
XTB and OANDA both deliver beginner-friendly forex and CFD education. Each offers at least 10 educational pieces, hosts monthly client webinars, and keeps a searchable archive of past sessions. New traders will also find 10+ beginner videos at both brokers, with plenty of advanced videos available when you’re ready to level up. ForexBrokers.com rates education at 5 stars for both, though XTB ranks higher overall in the Education category (#11 of 63) than OANDA (#19 of 63).
For absolute beginners who want quick definitions while they learn, OANDA includes an investor dictionary with 50+ terms, which XTB does not provide. If you value a slightly higher third‑party ranking, XTB has the edge; if a built-in glossary is important to your learning style, OANDA may suit you better. Either way, both brokers supply a deep video library, ongoing webinars, and a clear path from basics to advanced topics.
| Feature |
XTB
|
OANDA
|
|---|---|---|
| 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) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that XTB is better than OANDA. XTB finished with an overall rank of #7, while OANDA finished with an overall rank of #12.
As a trusted multi-asset broker, XTB offers outstanding customer service, a wide variety of forex and CFDs, and an excellent overall trading experience. Its xStation 5 trading platform is well-designed and packed with innovative features, and XTB’s offers comprehensive educational content and market research.
| Feature |
XTB
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OANDA
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|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 93 |
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When comparing online brokers XTB and OANDA, it's important to note that while XTB does not offer the ability to buy actual delivered cryptocurrency, only cryptocurrency derivatives, OANDA provides the option to purchase both actual delivered cryptocurrency and derivatives.
When comparing online brokers XTB and OANDA, both platforms support PayPal, Skrill, Visa or Mastercard, and bank wire options for depositing and withdrawing funds; however, OANDA additionally offers ACH or SEPA transfers, while XTB does not.
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 | XTB | OANDA | |
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| Trust Score | 96 | 93 | |
| Winner | check_circle | ||
| Review | XTB Review | OANDA Review |
| Broker Screenshots | XTB | OANDA | |
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| Regulation | XTB | OANDA | |
|---|---|---|---|
| Trust Score | 96 | 93 | |
| Year Founded | 2002 | 1996 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 7 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 1 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | XTB | OANDA | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | Yes | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | Yes | |
| Singapore (MAS Authorised) | No | Yes | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | Yes | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | XTB | OANDA | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | XTB | OANDA | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7184 | 4172 | |
| Forex Pairs (Total) | 71 | 69 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | Yes | |
| 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 | XTB | OANDA | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | 1.69 | |
| All-in Cost EUR/USD - Active | 1.00 | 1.69 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | XTB | OANDA | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| 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 | No | Yes |
| Trading Platforms | XTB | OANDA | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | XTB | OANDA | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 6 | |
| Charting - Indicators / Studies (Total) | 39 | 89 | |
| Charting - Drawing Tools (Total) | 32 | 74 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XTB | OANDA | |
|---|---|---|---|
| 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 | 39 | 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 | XTB | OANDA | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | XTB | OANDA | |
|---|---|---|---|
| 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) | No | Yes |
| Major Forex Pairs | XTB | OANDA | |
|---|---|---|---|
| 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 | XTB Review | OANDA Review |
| Overall | XTB | OANDA | |
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| Trust Score | 96 | 93 | |
| Winner | check_circle | ||
| Review | XTB Review | OANDA Review |
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