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XTB vs OANDA 2020

Is OANDA better than XTB? After testing 30 of the best forex brokers over five months, XTB is better than OANDA. As a trusted multi-asset broker, XTB offers traders outstanding customer service and an excellent trading experience overall thanks to the xStation 5 trading platform.



CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature XTB OANDA
Overall 4.5 4
Commissions & Fees 4 4
Offering of Investments 4 3.5
Platforms & Tools 4 3.5
Mobile Trading 4 4
Research 4.5 4.5
Education 4 3.5
Trust Score 92 89
82% of retail CFD accounts lose money 73.5% of retail CFD accounts lose money
XTB Review OANDA Review
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Regulation

Feature XTB OANDA
Trust Score 92 89
Year Founded
2002 1996
Publicly Traded (Listed)
Yes No
Bank
No No
Tier-1 Licenses
1 6
Tier-2 Licenses
1 0
Tier-3 Licenses
1 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature XTB OANDA
ASIC Authorised (Australia)
No Yes
IIROC Authorised (Canada)
No Yes
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No Yes
MAS Authorised (Singapore)
No Yes
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
No Yes

Investments

Feature XTB OANDA
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
49 70
CFDs - Total Offered
9600 55
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes

Cost

Feature XTB OANDA
Average Spread EUR/USD - Standard
0.86 (Q2 2020) 1.4 (August 2020)
All-in Cost EUR/USD - Active
0.78 (as of Q3 19) 1.4 (August 2020))
Active Trader or VIP Discounts
Yes Yes

Funding

Feature XTB OANDA
Minimum Initial Deposit
$0.00 $0.00
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes Yes
Skrill (Deposit/Withdraw)
Yes No

Trading Platforms

Feature XTB OANDA
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)
No Yes
cTrader
No No

Trading Tools

Feature XTB OANDA
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
8 7
Charting - Indicators / Studies (Total)
37 81
Charting - Drawing Tools (Total)
29 431
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes

Mobile Trading

Feature XTB OANDA
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
No Yes
Watch List
Yes Yes
Watch List Syncing
No No
Charting - Indicators / Studies
13 33
Charting - Draw Trend Lines
Yes Yes
Charting - Trend Lines Moveable
Yes Yes
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes Yes
Forex Calendar
Yes Yes

Research

Feature XTB OANDA
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
No Yes
AutoChartist
No Yes
Trading Central (Recognia)
No No
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes Yes
Economic Calendar
Yes Yes

Education

Feature XTB OANDA
Has Education - Forex
Yes Yes
Has Education - CFDs
Yes No
Client Webinars
No 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

Feature 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

Overall

Feature XTB OANDA
Overall 4.5 4
Commissions & Fees 4 4
Offering of Investments 4 3.5
Platforms & Tools 4 3.5
Mobile Trading 4 4
Research 4.5 4.5
Education 4 3.5
Trust Score 92 89
XTB Review OANDA Review
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Comparing forex brokers side by side is no easy task. For our 2020 annual forex broker review, we spent hundreds of hours assessing 30 forex and CFD brokerages to find the best forex broker. Let's compare OANDA vs XTB.

Does OANDA or XTB offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, XTB offers better pricing overall for traders.

Is OANDA or XTB safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. OANDA holds 6 global Tier-1 licenses, while XTB holds 1. XTB holds 1 global Tier-2 licenses, while OANDA holds 0. All regulators considered, XTB has a Trust Score of 92.00, while OANDA's Trust Score is 89.00.

Which trading platform is better: OANDA or XTB?
To compare the trading platforms of both OANDA and XTB, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, XTB offers a better experience. With research, OANDA offers superior market research. Finally, we found XTB to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. OANDA and XTB both offer copy trading. Both OANDA and XTB offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
OANDA provides traders 70 currency pairs (e.g., EUR/USD) compared to XTB's 49 available pairs. Forex pairs aside, XTB offers traders access to 9600 CFDs while OANDA has 55 available CFDs, a difference of 9,545.

Overall, between OANDA and XTB, XTB is the better forex broker.

OANDA Review
XTB Review

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Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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OANDA - CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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