Written by ForexBrokers.com
In this head to head comparison of OANDA vs Xtrade, 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.
OANDA, founded in 1996, and Xtrade, established in 2003, are both well-known online brokers in the financial market. Neither of them is publicly traded or operates as a bank. OANDA stands out with a Trust Score of 93 out of 99 on ForexBrokers.com, indicating a high level of trustworthiness. This high score is backed by its seven Tier-1 licenses, which are regarded as highly trusted. In comparison, Xtrade has a Trust Score of 74, placing it in the average risk category. Xtrade holds one Tier-1 license and one Tier-2 license, which aligns with its status as a trusted but more moderately rated brokerage.
| Feature |
OANDA
|
Xtrade
|
|---|---|---|
| Year Founded | 1996 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
Comparing commissions and fees, OANDA earns 4 stars (ranked #35 out of 63 for the Commissions and Fees category at ForexBrokers.com), while Xtrade earns 2.5 stars (ranked #64 out of 63). OANDA’s trading costs can be on the higher side versus the cheapest brokers, but it offers clearer pricing details than Xtrade, which does not provide average spread data—making direct cost comparisons with Xtrade difficult.
At OANDA, the average EUR/USD spread under its standard, commission-free pricing was 1.61 pips in July 2024. Its optional Core Pricing plan reduces the spread but adds a commission of $5 per side per $100,000 traded (about $10 per round turn). Using the EUR/USD as an example, a 0.4-pip core spread plus the commission-equivalent of 1.0 pip yields an all-in cost near 1.4 pips, slightly better than the 1.6-pip default. Core Pricing requires a $10,000 minimum deposit. OANDA also allows ultra-small trade sizes down to 1 unit, offers volume-based rebates of $5–$17 per million in select regions (with extras like TradingView subscription reimbursements), and publishes trailing average spreads for added transparency.
For Xtrade, average spread data is not available, so assessing its day-to-day costs versus peers is challenging. Traders who want granular cost details, flexible micro-position sizing, and optional rebates may find OANDA’s pricing disclosure and programs more informative, even if it isn’t the absolute lowest-cost choice. Meanwhile, Xtrade’s lower rating and bottom-ranked position suggest its commissions-and-fees offering is less competitive based on the information reviewed.
| Feature |
OANDA
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $0 | $250 |
| Average spread (EUR/USD) - Standard account | 1.69 | N/A |
| All-in Cost EUR/USD - Active | 1.69 | N/A |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Comparing the range of investments at OANDA and Xtrade, OANDA clearly offers more choice. OANDA lists 4,172 tradeable symbols and 69 forex pairs, while Xtrade provides 482 symbols and 56 pairs. Both support forex trading as CFDs or spot. OANDA also lets clients buy exchange-traded securities on U.S. and international exchanges (think Apple or Vodafone), something Xtrade doesn’t offer. For crypto, both brokers provide crypto CFDs, but only OANDA also supports buying actual cryptocurrency. OANDA includes copy trading, whereas Xtrade does not.
These differences show up in third-party evaluations: OANDA earns 4 stars and ranks #28 out of 63 brokers for Range of Investments on ForexBrokers.com; Xtrade scores 3.5 stars and ranks #50. In short, OANDA suits investors who want a wider selection, including real stocks, crypto ownership, and copy trading. Xtrade may appeal to traders who prefer a simpler lineup focused on CFDs and forex.
| Feature |
OANDA
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4172 | 482 |
| Forex Pairs (Total) | 69 | 56 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | Yes | No |
| 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.
OANDA vs Xtrade: Both brokers provide a free demo (paper) trading account and offer their own proprietary trading platforms. OANDA stands out for platform choice: a Windows desktop download, a web-based platform, full support for MetaTrader 4 (MT4) and MetaTrader 5 (MT5), plus copy trading. Xtrade delivers its in-house web platform and lets you trade directly from charts, but it does not offer MT4, MT5, copy trading, or a Windows desktop download.
For Trading Platforms and Tools, OANDA is rated 4 stars and ranked #15 out of 63 brokers by ForexBrokers.com, while Xtrade is rated 3.5 stars and ranked #59. In practical terms, choose OANDA if you want MetaTrader, copy trading, and a downloadable Windows platform alongside web trading. Choose Xtrade if you prefer a straightforward, browser-based platform with a demo account to practice.
| Feature |
OANDA
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 89 | N/A |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Comparing OANDA vs Xtrade for mobile trading, both brokers offer iPhone and Android apps. The key difference is alerts: OANDA lets you set stock or forex price alerts, while Xtrade does not. Neither app syncs watchlists between mobile and the online account, so any changes you make in one place won’t appear in the other.
For charting, OANDA’s app includes 30 technical studies, supports drawing trendlines, and auto-saves your chart drawings. Xtrade does not list available technical studies and does not support trendline drawing or auto-save for drawings. In independent reviews, OANDA’s mobile app earns 5 stars and ranks 7th out of 63 brokers at ForexBrokers.com, while Xtrade’s app holds 4 stars and ranks 54th.
| Feature |
OANDA
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | No |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
OANDA and Xtrade both cover the basics for market research: each offers daily market commentary, an economic calendar, and forex news from top-tier sources such as Bloomberg, Reuters, and Dow Jones. The differences show up in tools. OANDA includes Autochartist for pattern and signal ideas and a sentiment tool that displays long vs. short positioning across currency pairs. Xtrade does not offer Autochartist and lacks a sentiment gauge. Neither broker provides Trading Central, TipRanks, or Acuity Trading tools.
These gaps help explain their scores. For research, ForexBrokers.com rates OANDA 5 stars and ranks it #4 out of 63 brokers, while Xtrade earns 3.5 stars and ranks #53. If you want news, commentary, and a calendar, both brokers work. If you also want chart pattern scanning and a clear read on market sentiment, OANDA is the stronger choice.
| Feature |
OANDA
|
Xtrade
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners comparing OANDA vs Xtrade on education, OANDA stands out. It offers forex and CFD education with regular client webinars (at least once a month), plus 10+ beginner videos that explain core topics in plain language and 10+ advanced videos for when you’re ready to go deeper. OANDA clears the “10+ pieces” bar through its video libraries alone. This depth is reflected in its 5 out of 5 Education rating and a #19 ranking out of 63 brokers on ForexBrokers.com.
Xtrade provides fewer learning options for new traders. It does not host monthly educational webinars and does not offer libraries of 10+ beginner or 10+ advanced trading videos. That lighter lineup helps explain its 3.5 out of 5 Education rating and #46 ranking out of 63. If you want structured videos and ongoing live sessions to learn forex and CFDs, OANDA is the stronger choice; if you only need basic materials, Xtrade may be adequate.
| Feature |
OANDA
|
Xtrade
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that OANDA is better than Xtrade. OANDA finished with an overall rank of #12, while Xtrade finished with an overall rank of #60.
A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.
| Feature |
OANDA
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Xtrade
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| Trust Score | 93 | 74 |
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OANDA vs Xtrade: OANDA lets you buy actual delivered cryptocurrency and trade crypto CFDs, while Xtrade only offers cryptocurrency CFDs and does not provide access to buying the underlying coins.
Compared with Xtrade, the online broker OANDA supports ACH/SEPA transfers, PayPal, Skrill, and bank wire deposits and withdrawals (Visa/Mastercard not specified), while Xtrade does not support ACH/SEPA and support for PayPal, Skrill, Visa/Mastercard, and bank wires is not specified.
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 | OANDA | Xtrade | |
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| Trust Score | 93 | 74 | |
| Winner | check_circle | ||
| Review | OANDA Review | Xtrade Review |
| Broker Screenshots | OANDA | Xtrade | |
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| Regulation | OANDA | Xtrade | |
|---|---|---|---|
| Trust Score | 93 | 74 | |
| Year Founded | 1996 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | OANDA | Xtrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | OANDA | Xtrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | OANDA | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4172 | 482 | |
| Forex Pairs (Total) | 69 | 56 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | Yes | No | |
| 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 | OANDA | Xtrade | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.69 | N/A | |
| All-in Cost EUR/USD - Active | 1.69 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | OANDA | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $0 | $250 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | Yes | No |
| Trading Platforms | OANDA | Xtrade | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No |
| Trading Tools | OANDA | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | No | |
| Charting - Indicators / Studies (Total) | 89 | N/A | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | OANDA | Xtrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | No | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | OANDA | Xtrade | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | Xtrade | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | OANDA | Xtrade | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | OANDA Review | Xtrade Review |
| Overall | OANDA | Xtrade | |
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| Trust Score | 93 | 74 | |
| Winner | check_circle | ||
| Review | OANDA Review | Xtrade Review |
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