Written by ForexBrokers.com
In this head to head comparison of OANDA vs Exness, 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 and Exness are both online brokers with notable trust ratings, yet they differ in their regulatory standings. Established in 1996, OANDA holds a strong position with a ForexBrokers.com Trust Score of 93, placing it in the highly trusted category. It is regulated through seven Tier-1 licenses, which are considered a benchmark for high trust. Notably, OANDA is not publicly traded and does not operate as a bank, adding a simpler layer to its business model.
In comparison, Exness, founded in 2008, has a Trust Score of 81, categorizing it as trusted. While Exness is regulated with two Tier-1 licenses, it also holds three Tier-2 licenses. Similar to OANDA, Exness is not publicly listed and isn’t a bank. Both brokers have established reputations, but OANDA's greater number of top-tier licenses and higher trust score could be appealing to those seeking heightened regulatory assurance.
| Feature |
OANDA
|
Exness
|
|---|---|---|
| Year Founded | 1996 | 2008 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 0 | 3 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 3 |
In comparing the online brokers OANDA and Exness based on their commissions and fees, both receive a solid rating of 4 out of 5 stars. However, their approaches and pricing structures differ, which might appeal to different types of traders. OANDA is known for its automated execution and offers two pricing plans: default and core. The default pricing carries higher spreads, with an average of 1.61 pips on the EUR/USD pair. On the other hand, core pricing includes lower spreads but charges a commission of $5 per $100,000 traded, effectively making it slightly more cost-effective. OANDA also stands out by offering trades in extremely small sizes, down to 1 unit. Meanwhile, their Elite Trader program rewards high-volume traders with rebates and perks.
Exness offers a wider variety of account types with different pricing conditions, catering to both standard and professional traders. The Standard Cent and Standard accounts feature commission-free trading with wider spreads, while professional accounts like the Pro, Zero Spread, and Raw, boast narrower spreads paired with a fixed per-trade commission. The Zero Spread account charges just $0.05 per trade, whereas the Raw account has a per-trade commission of up to $7 per lot. The Pro account provides flexibility with both instant and market execution options. This array of offerings allows traders to choose accounts based on their preferred balance of spreads versus commissions.
Despite slight differences in ranking, with OANDA being ranked 34th and Exness 35th out of 62 brokers by ForexBrokers.com, both brokers provide competitive conditions for trades. The decision between OANDA and Exness may ultimately depend on factors such as desired trade size flexibility, preferred pricing model, and execution method choices.
| Feature |
OANDA
|
Exness
|
|---|---|---|
| Minimum Deposit | $0 | $10 |
| Average Spread EUR/USD - Standard | 1.61 | N/A |
| All-in Cost EUR/USD - Active | 1.61 | 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.
When comparing the investment options available at OANDA and Exness, traders will find both brokers providing opportunities to trade forex both as CFDs and spot contracts. However, OANDA offers a significantly wider selection of tradeable symbols, boasting 3,928 compared to Exness's 227. While Exness surpasses OANDA in the number of tradeable forex pairs with 96 versus OANDA's 68, neither broker supports direct investment in exchange-traded securities on U.S. or international exchanges. Both platforms provide copy trading options, yet they differ in cryptocurrency offerings. OANDA supports the purchase of actual cryptocurrencies in addition to cryptocurrency derivatives, whereas Exness is limited to the latter.
In terms of recognition, OANDA receives a higher rating of 4 stars for Range of Investments versus Exness's 3.5 stars. This is further reflected in their rankings by ForexBrokers.com, where OANDA is positioned at #27 out of 62, far ahead of Exness, which stands at #55. Traders prioritizing an extensive range of investment choices and the possibility of directly purchasing cryptocurrencies may find OANDA more appealing, while those focusing primarily on forex trading may consider Exness's broader selection of forex pairs.
| Feature |
OANDA
|
Exness
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3928 | 227 |
| Forex Pairs (Total) | 68 | 96 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| 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.
When comparing OANDA and Exness, both brokers excel in offering comprehensive trading platforms and tools that cater to a wide range of traders. Both platforms feature a proprietary system developed in-house, allowing for a unique trading experience. Traders can access their accounts via Windows-based desktop downloads or convenient web-based platforms, providing flexibility in how they choose to trade. With both OANDA and Exness, you can engage in copy trading and utilize well-known options like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), though neither broker currently supports DupliTrade or ZuluTrade systems.
Traders who appreciate detailed charting will find that OANDA and Exness offer significant toolsets, although OANDA leads with 431 drawing tools compared to Exness's 87. Both brokers allow for trades directly from stock charts, enhancing speed and ease of use. While OANDA provides six watchlist columns, Exness offers slightly more at seven, giving traders more flexibility in managing their watchlists. Despite these slight differences, both brokers receive commendable ratings, with each scoring four out of five stars for their trading platforms and tools. However, in terms of overall ranking by ForexBrokers.com, OANDA is placed higher at 15th out of 62 brokers, compared to Exness, which stands at 26th. This ranking reflects OANDA's slight edge in platform performance and tool versatility according to industry evaluations.
| Feature |
OANDA
|
Exness
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 81 | 107 |
| Charting - Drawing Tools (Total) | 431 | 87 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both OANDA and Exness offer versatile mobile trading apps for iPhone and Android, enabling traders to access Forex and stock alerts directly from their mobile devices. While each platform provides tools like trendline drawing and multiple timeframe views, OANDA edges ahead with its higher rating of 5 stars compared to Exness’s 4 stars. OANDA ranks 7th out of 62 in the mobile trading apps category, a testament to its user-friendly experience and comprehensive features.
OANDA’s mobile app offers 30 technical studies for charting, while Exness provides a slightly higher number at 35. Both apps let users create watchlists with real-time quotes but lack synchronization between mobile and online accounts. The key difference lies in OANDA's ability to auto-save chart drawings, adding convenience for traders who frequently adjust their strategies. For those who prioritize seamless charting and highly-rated user experiences, OANDA might be the preferable choice.
| Feature |
OANDA
|
Exness
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 35 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing OANDA and Exness for market research, both brokers stand out for providing daily market commentary and reliable forex news from respected sources like Bloomberg and Reuters. OANDA excels further by offering tools from Autochartist and a sentiment-based trading tool that reveals the ratio of long or short positions across various currency pairs. On the other hand, while Exness does not provide tools from Autochartist, it compensates with resources from Trading Central, offering technical analytics to its clients. Both brokers provide comprehensive economic calendars, keeping traders informed on global news and events.
OANDA clearly leads in terms of research quality, receiving a 5-star rating, whereas Exness scores 3.5 stars. This difference is reflected in their rankings on ForexBrokers.com, where OANDA is positioned at an impressive 5th place out of 62 brokers, and Exness is considerably further down the list, ranked at number 41. For traders who value rich, diverse, and top-tier market insights, OANDA presents a more attractive option comparatively.
| Feature |
OANDA
|
Exness
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| 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 the educational resources available to beginners at OANDA and Exness, both online brokers provide a substantial collection of educational materials, including articles, videos, and archived webinars focused on forex and CFDs. OANDA stands out by offering regular monthly webinars, a feature absent from Exness. Both brokers maintain a searchable archive of past webinars, allowing learners to revisit various topics at their convenience. Additionally, OANDA excels in catering to both novices and more seasoned traders by providing a comprehensive list of beginner and advanced educational videos, while Exness focuses primarily on beginner-level content.
In terms of additional learning aids, both OANDA and Exness include an investor dictionary with succinct definitions of over 50 investing terms, enhancing the learning experience for traders who may encounter unfamiliar jargon. Acknowledging these efforts, OANDA scores higher with a five-star rating for education and holds a respectable 22nd place out of 62 in the ForexBrokers.com rankings. In contrast, Exness receives a 3.5-star rating and ranks 47th in the same category, indicating room for improvement in their educational offerings.
| Feature |
OANDA
|
Exness
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that OANDA is better than Exness. OANDA finished with an overall rank of #12, while Exness finished with an overall rank of #43.
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
|
Exness
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 93 | 81 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
OANDA allows users to purchase actual cryptocurrencies with delivery and offers cryptocurrency derivatives, whereas Exness provides only cryptocurrency derivatives and does not offer the option to buy actual delivered cryptocurrencies.
When comparing the online brokers OANDA and Exness, it's clear that OANDA provides a wider range of deposit and withdrawal options with support for ACH or SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, whereas Exness offers Skrill, Visa or Mastercard, and bank wires but lacks ACH, SEPA, and PayPal facilities.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | OANDA | Exness | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 93 | 81 | |
| Winner | check_circle | ||
| Review | OANDA Review | Exness Review |
| Broker Screenshots | OANDA | Exness | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Regulation | OANDA | Exness | |
|---|---|---|---|
| Trust Score | 93 | 81 | |
| Year Founded | 1996 | 2008 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 0 | 3 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 3 |
| Tier-1 Licenses (Highly Trusted) | OANDA | Exness | |
|---|---|---|---|
| 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) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| 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 | Exness | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | Yes | |
| 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) | No | Yes |
| Investments | OANDA | Exness | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3928 | 227 | |
| Forex Pairs (Total) | 68 | 96 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| 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 | Exness | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.61 | N/A | |
| All-in Cost EUR/USD - Active | 1.61 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | OANDA | Exness | |
|---|---|---|---|
| Minimum Deposit | $0 | $10 | |
| 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 | Exness | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | OANDA | Exness | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 81 | 107 | |
| Charting - Drawing Tools (Total) | 431 | 87 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | Exness | |
|---|---|---|---|
| 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 | 30 | 35 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | OANDA | Exness | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | Exness | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | OANDA | Exness | |
|---|---|---|---|
| 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 | Exness Review |
| Overall | OANDA | Exness | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 93 | 81 | |
| Winner | check_circle | ||
| Review | OANDA Review | Exness Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill