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 | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When it comes to commissions and fees, XTB and OANDA offer distinct pricing models that cater to different trader needs. XTB provides two account types: a spread-only Standard account and a commission-based Professional account, available mainly for specific clients in the U.K. and Europe. Overall, XTB’s pricing stands at the industry average but does not quite match the top brokers in this category. With average forex spreads of 1 pip on the EUR/USD for the Standard account, XTB’s Standard account emerges as a more viable option for retail traders, especially since the Pro account has been phased out for many regions. XTB also offers a Lower Spread Group program providing rebates for active traders, which can offer spread discounts of up to 30% for high-volume trading.
OANDA, on the other hand, charges higher effective spreads, with average spreads standing at 1.61 pips on the EUR/USD pair for its standard pricing. However, its core pricing option offers lower spreads at the cost of a commission of $5 per $100,000 traded, making it slightly more economical for those depositing a minimum of $10,000. This allows OANDA to present a more cost-effective option when factoring in the combined costs. Also, OANDA's flexibility in trade sizes, permitting trades as small as one unit, appeals to a broader range of traders. Additionally, their Elite Trader program offers rebates for high-volume traders, along with subscriptions to advanced trading tools.
Ultimately, both brokers have their strengths in terms of pricing. XTB garners a 4.5-star rating and ranks #11 out of 63 brokers for commissions and fees, distinguished by its rebate program that competes with several well-known firms. Meanwhile, OANDA holds a 4-star rating and is ranked #34, largely benefiting from its transparent pricing strategy and enhanced trading execution through automation. Each broker offers unique advantages, appealing to traders based on their volume and trading style requirements.
| Feature |
XTB
|
OANDA
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 1.00 | 1.61 |
| All-in Cost EUR/USD - Active | 1.00 | 1.61 |
| 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.
When comparing the investment options available through XTB and OANDA, XTB stands out with a significantly larger selection of tradeable symbols, offering 7,184 compared to OANDA's 3,928. This broader range includes 71 forex pairs, slightly more than OANDA's 68. Additionally, XTB allows clients to invest in exchange-traded securities on both U.S. and international markets, providing access to major stocks like Apple and Vodafone. In contrast, OANDA focuses primarily on CFD trading and does not provide direct access to exchange-traded securities from these markets.
Both platforms offer forex trading through CFDs or spot contracts and support cryptocurrency derivatives, but they differ in additional securities. While OANDA provides an option for copy trading and lets users buy actual cryptocurrencies, XTB does not. In terms of investment breadth, XTB has a 5-star rating and ranks 14th out of 63 brokers on ForexBrokers.com, showcasing its more extensive range of offerings compared to OANDA's 4-star rating and 27th position.
| Feature |
XTB
|
OANDA
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7184 | 3928 |
| Forex Pairs (Total) | 71 | 68 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| 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.
When comparing XTB and OANDA in terms of their trading platforms and tools, both brokers provide a comprehensive trading experience with their proprietary platforms and support for a range of digital environments. XTB and OANDA cater to traders by offering virtual demo accounts to practice trading without any financial risk. Both platforms are accessible via Windows desktop download and web-based options, ensuring versatility for different trader preferences. However, a distinct difference lies in their support for popular trading platforms; OANDA provides access to MetaTrader 4 and MetaTrader 5, allowing traders to leverage these widely-used tools, whereas XTB does not offer MT4 or MT5.
In terms of charting capabilities, OANDA stands out with a significant offering of 431 drawing tools compared to XTB's 32, which may appeal to traders who rely heavily on technical analysis. However, XTB offers a slightly higher number of fields in watch lists, allowing traders more customizable information at a glance. Both platforms enable the ability to trade directly from stock charts, facilitating a seamless trading experience. While XTB does not support copy trading, OANDA offers this feature, broadening the appeal for those interested in mirroring successful trading strategies. In ratings, XTB slightly surpasses OANDA with a 4.5-star rating compared to OANDA's 4 stars for trading platforms and tools, ranking 9th out of 63 brokers while OANDA ranks 15th, reflecting XTB's slightly better appeal in this category according to ForexBrokers.com.
| 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 | 81 |
| Charting - Drawing Tools (Total) | 32 | 431 |
| 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.
When comparing educational resources for beginners from XTB and OANDA, both online brokers present a wide array of options designed to help newcomers break into the trading world. Each offers more than ten educational pieces focused on forex or CFDs, including articles and videos. Both also run monthly online client webinars to engage learners and maintain a comprehensive, searchable archive of these recorded sessions. Each platform delivers more than ten introductory videos aimed at beginners, ensuring a solid starting point for novice traders. Additionally, both cater to the more experienced traders by providing over ten advanced educational videos.
While both brokers receive a five-star rating for their educational offerings, there are distinctions. OANDA features an investor dictionary with definitions for over 50 investing terms, which XTB does not provide. This could be an important factor for those keen on familiarizing themselves with trading jargon. XTB stands out by being ranked 11th among 63 brokers in the Education category by ForexBrokers.com, compared to OANDA's 22nd place. This higher ranking may reflect a more thorough or better-perceived educational experience, making it a potentially stronger choice for those prioritizing education in their trading journey.
| 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 | 0 | 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) | No | No | |
| 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) | No | No | |
| 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) | No | No |
| Investments | XTB | OANDA | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7184 | 3928 | |
| Forex Pairs (Total) | 71 | 68 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| 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 | 1.61 | |
| All-in Cost EUR/USD - Active | 1.00 | 1.61 | |
| 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 | 81 | |
| Charting - Drawing Tools (Total) | 32 | 431 | |
| 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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