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 overall. XTB is rated 4.5 out of 5 stars and ranks #13 out of 36 brokers for this category. Its pricing is close to the industry average, with a spread-only Standard account that is usually the better pick for most retail traders. Based on Q4 2023 data, the average EUR/USD spread was 1 pip, and while XTB also has a commission-based Professional account, that option is limited to eligible clients in the U.K. and Europe and is being phased out in many places.
OANDA is rated 4 out of 5 stars and ranks #31 out of 36 brokers for commissions and fees. Its trading costs are generally higher than the best-priced brokers, with non-core EUR/USD pricing averaging 1.61 pips in July 2024. OANDA does offer a Core pricing plan with tighter spreads plus a commission of $5 per $100,000 traded per side, but it requires a $10,000 minimum deposit, and the all-in cost is only slightly better than the standard pricing. For traders who want lower minimum trade sizes and active trader rebates, OANDA has some nice features, but price-wise it tends to be more expensive than XTB.
For active traders, both brokers offer discounts or rebates, but XTB’s Lower Spread Group is more flexible for smaller volume tiers, with spread rebates of 5% to 30% as monthly trading volume increases. OANDA’s Elite Trader program is aimed at higher-volume clients, with rebates from $5 to $17 per million for those who trade 10 million or more in volume. In simple terms: XTB is the better value for most traders, while OANDA is stronger on account features than on low fees.
| 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 | 1.69 |
| Non-wire bank transfer (Deposit/Withdraw) | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| 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, with each offering forex trading as either a CFD or spot contract. They also both let clients buy exchange traded securities on U.S. and international exchanges, and both support buying actual cryptocurrency as well as cryptocurrency CFDs. In addition, each broker covers a wide range of forex pairs, with XTB offering 71 and OANDA offering 69.
Where XTB pulls ahead is in overall market choice. It offers 10,521 tradeable symbols compared with OANDA’s 4,172, which gives XTB a much broader list of assets to choose from. OANDA does have one extra feature in copy trading, which XTB does not offer. Still, for range of investments, XTB is rated 5 stars and ranked #14 out of 36 brokers by ForexBrokers.com, while OANDA is rated 4.5 stars and ranked #20.
| Feature |
XTB
|
OANDA
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10521 | 4172 |
| Forex Pairs (Total) | 71 | 69 |
| 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 | 89 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
XTB and OANDA both offer iPhone and Android apps, along with stock and forex price alerts, trendline drawing, and auto-saving for chart drawings. That means each broker gives mobile traders the core tools they need to follow the market and review charts on the go. XTB does stand out for watchlist syncing, so changes made in the app and online account stay matched, while OANDA does not offer this feature.
When it comes to charting tools, XTB has a clear edge with 104 technical studies in its mobile app compared with OANDA’s 30. Still, OANDA earns a slightly higher mobile trading apps rating at 5 stars, versus XTB’s 4.5 stars. In ForexBrokers.com’s ranking of 36 brokers, OANDA places #7 and XTB is close behind at #8, making both strong choices for mobile trading.
| 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 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
XTB and OANDA both give traders useful market research features, including daily market commentary, a sentiment tool showing long and short positions, and an economic calendar with key global events. Each is also rated 5 out of 5 stars for Research by ForexBrokers.com, so both platforms deliver a strong base for traders who want regular updates and an easy way to track market activity.
The main difference is in the depth of outside research content. OANDA stands out by offering forex news from top sources like Bloomberg, Reuters, and Dow Jones, plus Autochartist tools for technical and fundamental analysis. XTB does not include those extras, which helps explain why OANDA is ranked higher for Research by ForexBrokers.com, coming in at #4 out of 36 brokers versus XTB’s #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 | No |
| 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 #13.
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
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|---|---|---|
| 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 vs OANDA: both brokers support PayPal, Skrill, and bank wire transfers for account funding and withdrawals, but only OANDA offers ACH/SEPA, and Visa/Mastercard availability is not specified for either.
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 | 69 | |
| 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 | 1.69 | |
| 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 | Yes | |
| 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 | 89 | |
| 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 Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 104 | 30 | |
| 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 | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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