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.
XTB vs. OANDA: XTB was founded in 2002 and is publicly traded, while OANDA began in 1996 and is privately held; neither broker is a bank. ForexBrokers.com rates both in the highly trusted bracket, with XTB at 96/99 and OANDA at 92/99. For context, scores of 90–99 are highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and below 59 not trusted.
Looking at regulation, XTB holds 2 Tier-1 licenses and 2 Tier-2 licenses, while OANDA holds 7 Tier-1 licenses and no Tier-2 licenses. Tier-1 regulators are considered the most stringent, and Tier-2 regulators are also trusted. This means OANDA has wider top-tier coverage, whereas XTB pairs top-tier oversight with additional trusted regulators—both outcomes align with their high trust scores.
| 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 |
XTB comes out ahead of OANDA on commissions and fees. XTB is rated 4.5 out of 5 stars and ranked #13 out of 36 brokers for this category. It offers a spread-only Standard account, which is usually the better pick for most retail traders, while its commission-based Professional account is limited to certain eligible clients in the U.K. and Europe and is being phased out in many places. Based on Q4 2023 data, XTB’s average EUR/USD spread was about 1 pip, and active traders may qualify for spread rebates through its Lower Spread Group program.
OANDA is more expensive overall on trading costs. It is rated 4 out of 5 stars and ranked #32 out of 36 brokers for commissions and fees. Its default pricing can be costly, with an average non-core EUR/USD spread of 1.61 pips in July 2024. OANDA does offer a Core pricing option with tighter spreads, but it adds a per-side commission of $5 per $100,000 traded and requires a $10,000 minimum deposit, which means the all-in cost is still only slightly better than the standard account.
In simple terms, XTB is the cheaper choice for most traders, especially smaller account holders, while OANDA may appeal more to traders who value its low minimum trade size and advanced execution features. Both brokers offer active trader discounts, but XTB’s pricing is generally more competitive and easier to understand.
| Feature |
XTB
|
OANDA
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average spread (EUR/USD) - Spread-only account | 1.06 | 1.68 |
| All-in Cost EUR/USD - Raw spread account | N/A | N/A |
| Non-wire bank transfer (Deposit/Withdraw) | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
XTB and OANDA both give traders access to forex as either a CFD or a spot contract, and both also let clients trade U.S. and international exchange-traded securities, buy actual cryptocurrency, and trade crypto CFDs. Where XTB stands out is breadth: it offers 10,521 tradable symbols and 71 forex pairs, compared with OANDA’s 4,172 symbols and 68 forex pairs. XTB also offers a wider overall mix of markets for investors who want more choices in one account.
OANDA does have one extra feature in this comparison: copy trading, which XTB does not offer. Still, XTB comes out ahead on range of investments, with a 5-star rating and a #15 ranking from ForexBrokers.com, while OANDA is rated 4.5 stars and ranked #20 out of 36 brokers. If your main goal is a larger selection of markets and instruments, XTB has the edge; if copy trading matters more, OANDA may be the better fit.
| Feature |
XTB
|
OANDA
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10521 | 4172 |
| Forex Pairs (Total) | 71 | 68 |
| U.S. Stocks (Shares) | Yes | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | Yes | Yes |
| Cryptocurrency (CFDs) | 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.
XTB and OANDA both give traders a free demo account, a web-based platform, and their own in-house trading platforms, making either one a solid choice for getting started or testing strategies. Both also let you trade directly from charts, which can make order entry faster and easier to follow. In ForexBrokers.com’s Trading Platforms and Tools category, XTB is rated 4.5 out of 5 stars and ranked #9 out of 36 brokers, while OANDA is rated 4 out of 5 stars and ranked #16.
The biggest differences come down to desktop software and extra platform choices. OANDA offers a Windows desktop platform, copy trading, and support for both MetaTrader 4 and MetaTrader 5, while XTB does not offer those options. That gives OANDA more platform variety for traders who want MetaTrader tools or a downloadable desktop app, while XTB may appeal to traders who are happy using its web platform and built-in features.
| Feature |
XTB
|
OANDA
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 92 | 82 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
XTB and OANDA both make it easy to trade on the go with iPhone and Android apps, plus stock and forex price alerts. Each app also lets you draw trendlines on charts and saves those drawings automatically, which is helpful if you want to pick up where you left off. The main difference is that XTB also syncs watchlists between its mobile app and online account, while OANDA does not, so changes made in one place will not carry over to the other.
When it comes to chart tools, XTB has a clear edge with 104 technical studies in its mobile app compared with OANDA’s 33. Even so, OANDA scores slightly higher overall for mobile trading apps, earning 5 stars and a #7 ranking from ForexBrokers.com, versus XTB’s 4.5 stars and #8 ranking. If you want more charting options, XTB is the stronger pick; if overall app rating matters most, OANDA has a narrow lead.
| Feature |
XTB
|
OANDA
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | 33 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
XTB and OANDA both give traders a strong set of market research features, including daily market commentary, a sentiment tool showing long and short positions, and an economic calendar with global news events. Each broker also earns a 5-star Research rating, so in basic coverage they are both well supported for traders who want regular market updates and a view of market sentiment.
The main difference is depth and source quality. OANDA has the edge because it includes forex news from major outlets like Bloomberg, Reuters, or Dow Jones, plus extra research tools from Autochartist and Acuity Trading. XTB does not offer those extras, which helps explain why OANDA is ranked higher for Research by ForexBrokers.com, at #4 out of 36 brokers, compared with XTB at #9.
| Feature |
XTB
|
OANDA
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central | No | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
XTB and OANDA both give beginners plenty of learning support, with each broker offering forex and CFDs education, monthly online webinars, and at least 10 beginner videos as well as 10 advanced videos. In other words, either platform can help new traders build a basic understanding of the markets and keep learning as their skills grow. Both brokers also earn a 5-star rating for Education, which suggests they each offer a strong range of learning materials for different experience levels.
That said, XTB has the edge in the Education category when it comes to overall ranking. ForexBrokers.com places XTB at #11 out of 36 brokers, while OANDA sits at #18. For beginners choosing between the two, both are solid options, but XTB may be the slightly better pick if you want the higher-ranked education center and a bit more confidence that the learning content is easier to find and use.
| Feature |
XTB
|
OANDA
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | 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 #14.
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 offers comprehensive educational content and market research.
| Feature |
XTB
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OANDA
|
|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 92 |
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Both XTB and OANDA let you buy actual delivered cryptocurrency as well as trade cryptocurrency CFDs, making each online broker suitable for investors who want access to both direct crypto ownership and leveraged crypto trading.
XTB and OANDA both support Skrill and bank wire transfers for deposits and withdrawals, but OANDA also offers ACH/SEPA transfers while XTB supports PayPal instead, making each broker suitable for different funding preferences.
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 | 92 | |
| Winner | check_circle | ||
| Review | XTB Review | OANDA Review |
| Broker Screenshots | XTB | OANDA | |
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| Regulation | XTB | OANDA | |
|---|---|---|---|
| Trust Score | 96 | 92 | |
| 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 (FSA 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, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | XTB | OANDA | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10521 | 4172 | |
| Forex Pairs (Total) | 71 | 68 | |
| U.S. Stocks (Shares) | Yes | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | Yes | Yes | |
| Cryptocurrency (CFDs) | 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) - Spread-only account | 1.06 | 1.68 | |
| All-in Cost EUR/USD - Raw spread account | N/A | N/A | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | XTB | OANDA | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | No | Yes |
| Trading Platforms | XTB | OANDA | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | XTB | OANDA | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 92 | 82 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 104 | 33 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | XTB | OANDA | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | XTB | OANDA | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | XTB | OANDA | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| Review | XTB Review | OANDA Review |
| Overall | XTB | OANDA | |
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| Trust Score | 96 | 92 | |
| Winner | check_circle | ||
| Review | XTB Review | OANDA Review |
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