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 | 1.69 | N/A |
| All-in Cost EUR/USD - Active | 1.69 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
OANDA vs Xtrade: both brokers support forex trading via CFDs and spot contracts, but their product lineups differ. OANDA lists 4,172 tradeable symbols and 69 forex pairs, compared with Xtrade’s 482 symbols and 56 pairs. OANDA also lets clients buy exchange-traded securities on U.S. and international exchanges (for example, Apple and Vodafone), while Xtrade does not offer direct share dealing.
For extras, OANDA provides copy trading and access to both actual cryptocurrency and crypto derivatives; Xtrade offers only crypto derivatives and no copy trading. Reflecting the broader selection, OANDA earns 4 stars and ranks #28 out of 63 for Range of Investments at ForexBrokers.com, while Xtrade is rated 3.5 stars and ranks #50. If you want more markets, shares, and the option to buy real crypto, OANDA stands out; if you mainly need CFD and spot forex with a simpler lineup, Xtrade covers the essentials.
| Feature |
OANDA
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4172 | 482 |
| Forex Pairs (Total) | 69 | 56 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | Yes | No |
| 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.
Comparing trading platforms and tools, both OANDA and Xtrade offer free demo accounts, proprietary platforms, and web-based trading. OANDA also provides a Windows desktop platform, while Xtrade does not. OANDA supports MetaTrader 4 and MetaTrader 5, which Xtrade doesn’t offer. Copy trading is available with OANDA but not with Xtrade. Neither broker integrates DupliTrade or ZuluTrade. Both let you place trades directly from charts.
For charting, OANDA includes 74 drawing tools, whereas Xtrade offers 100; both provide technical indicators, though exact counts weren’t specified. Watchlists are more detailed at Xtrade (9 columns) than OANDA (6 columns). In the Trading Platforms and Tools category at ForexBrokers.com, OANDA earns 4 stars and ranks #15 of 63 brokers, while Xtrade scores 3.5 stars and ranks #59. Choose OANDA if you want desktop software, MT4/MT5, and copy trading; pick Xtrade if you value more drawing tools and a fuller watchlist in the browser.
| Feature |
OANDA
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 89 | N/A |
| Charting - Drawing Tools (Total) | 74 | 100 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Comparing OANDA vs Xtrade for mobile trading, both brokers offer iPhone and Android apps, but OANDA stands out for power users. According to ForexBrokers.com, OANDA’s mobile app earns 5 stars and ranks #7 out of 63 brokers, while Xtrade’s app earns 4 stars and ranks #54. If you want a high-rated forex and CFD trading experience on the go, OANDA’s mobile app is positioned higher in both rating and category ranking.
Feature-wise, OANDA provides price alerts, 30 technical studies, trendline drawing, multiple time frames (daily, weekly, intraday), auto‑saved chart drawings, and watchlists with real-time quotes. Xtrade lacks price alerts, trendline tools, multiple time frames, auto‑save for drawings, and real-time quote watchlists; the number of technical studies is not listed. Neither app syncs watchlist symbols with the web platform. For traders who value deeper charting and alerts, OANDA’s mobile app offers more; Xtrade may suit simpler monitoring needs.
| Feature |
OANDA
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
OANDA vs Xtrade for market research: both brokers publish daily market commentary, stream forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, and include an economic calendar. Where they differ is in added tools: OANDA integrates Autochartist for pattern and key level ideas and provides a sentiment tool that shows the long/short ratio across instruments, while Xtrade does not offer Autochartist or a sentiment gauge. Neither broker currently features Trading Central, TipRanks, or Acuity Trading tools.
These differences show up in independent ratings: ForexBrokers.com rates OANDA 5 stars for Research (ranked #5 of 63 brokers), while Xtrade earns 3.5 stars (ranked #53 of 63). If you want deeper in-platform insights—especially chart pattern scanning and crowd sentiment—OANDA is the stronger pick; if you mainly need daily commentary, trusted news, and a calendar, both platforms cover the basics.
| Feature |
OANDA
|
Xtrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
If you’re comparing OANDA vs Xtrade for beginner-friendly forex and CFD education, both brokers publish at least ten educational pieces and each offers an investing dictionary with 50+ terms. That said, OANDA stands out for new traders: it earns 5 stars for Education and ranks #19 out of 63 brokers at ForexBrokers.com, while Xtrade holds 3.5 stars and ranks #46.
OANDA runs live client webinars at least once a month and keeps a searchable archive of past sessions, so you can learn on your schedule. It also provides 10+ beginner video lessons and 10+ advanced videos for when you’re ready to go deeper. Xtrade, by contrast, does not host monthly educational webinars or maintain a searchable webinar archive, and it doesn’t match OANDA’s depth of beginner and advanced video content. If ongoing webinars, video courses, and an easy-to-browse library matter to you as a new trader, OANDA is the stronger pick.
| Feature |
OANDA
|
Xtrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
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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|---|---|---|
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| Trust Score | 93 | 74 |
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OANDA and Xtrade both offer the ability to buy cryptocurrency derivatives, but only OANDA provides the option to purchase actual (delivered) cryptocurrencies, setting it apart from Xtrade's CFD-only offering.
OANDA stands out with its diverse fund transfer options, offering ACH, SEPA, PayPal, Skrill, Visa, Mastercard, and bank wires, while Xtrade provides limited options, omitting ACH, SEPA, and PayPal but including Skrill, Visa, Mastercard, and bank wires for deposits and withdrawals.
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/Central Bank 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. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | Yes | No | |
| 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 | OANDA | Xtrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.69 | N/A | |
| All-in Cost EUR/USD - Active | 1.69 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | OANDA | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $0 | $250 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | OANDA | Xtrade | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | OANDA | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 6 | 9 | |
| Charting - Indicators / Studies (Total) | 89 | N/A | |
| Charting - Drawing Tools (Total) | 74 | 100 | |
| 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 Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | OANDA | Xtrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | Xtrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | OANDA | Xtrade | |
|---|---|---|---|
| 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 | 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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