Written by ForexBrokers.com
In this head to head comparison of Swissquote 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.
Swissquote and OANDA, both established in 1996, are notable names in the online brokerage world, each offering a variety of trading services. Swissquote stands out as a publicly traded entity and a licensed bank, which enhances its credibility significantly. With a perfect Trust Score of 99 from ForexBrokers.com, Swissquote holds five Tier-1 licenses, indicating a high level of trust and reliability. Furthermore, Swissquote adds two Tier-2 licenses to its regulatory credentials, demonstrating a strong adherence to financial standards worldwide.
In contrast, OANDA, while not publicly traded or a licensed bank, still holds a commendable reputation with a strong Trust Score of 93. OANDA distinguishes itself by holding seven Tier-1 licenses, showcasing a firm commitment to regulatory compliance and security. Although it does not have any Tier-2 licenses, OANDA's performance in trust and regulatory standings remains impressive. Overall, both Swissquote and OANDA offer reliable trading platforms, but potential users might weigh the slight differences in their regulatory profiles and corporate structures when deciding which broker to engage with.
| Feature |
Swissquote
|
OANDA
|
|---|---|---|
| Year Founded | 1996 | 1996 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 7 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Swissquote offers the appeal of being associated with a Swiss financial institution, but this comes with premium pricing, making its commission and fee structure less competitive. Different accounts are available across its U.K., Luxembourg, and Swiss branches with varying deposit requirements and spreads. The U.K. accounts are generally the most cost-effective, with the Elite account providing lower spreads for active traders at a $5 commission per round-turn trade. Despite these options, Swissquote's spreads are still above what many lower-cost brokers offer. The company is rated 3.5 stars for commissions and fees, and ranks #52 out of 62 brokers according to ForexBrokers.com.
OANDA, known for its automated execution, combines comparatively high trading costs with certain advantages. Its default bid/ask spreads, while high, are offset in its core pricing option, which offers tighter spreads with a $10 commission per round-turn standard lot. This pricing makes the overall costs slightly lower than the commission-free structure. Additionally, OANDA allows trading of very small contracts, down to 1 unit, and offers active traders rebates and perks through its Elite Trader program. Transparency is a priority, as OANDA continuously updates the trailing average of its spread costs. It scores 4 stars for commissions and fees and is ranked #34.
In summary, while Swissquote banks on its Swiss legacy with a varied account range, it can't quite match the affordability of lower-cost brokers. Meanwhile, OANDA strikes a balance by offering both a transparent fee structure and automated features that reduce the effective price through its core pricing and rebate programs. Both brokers cater to different needs, with Swissquote attracting clients seeking the prestige of Swiss banking and OANDA appealing to those looking for lower costs through strategic pricing options.
| Feature |
Swissquote
|
OANDA
|
|---|---|---|
| Minimum Deposit | $1000 | $0 |
| Average Spread EUR/USD - Standard | N/A | 1.61 |
| All-in Cost EUR/USD - Active | N/A | 1.61 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| 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 range of investments offered by Swissquote and OANDA, both brokers stand out in several areas, yet they cater to different investing preferences. Swissquote offers 472 tradeable symbols, while OANDA provides a broader selection with 3928 symbols available. In terms of forex pairs, Swissquote offers a slight edge with 80 pairs compared to OANDA’s 68. Both platforms support forex trading as a CFD or spot contract, along with the ability to buy actual cryptocurrencies and crypto derivatives. Additionally, copy trading is a feature available on both Swissquote and OANDA.
However, when it comes to exchange-traded securities, Swissquote has a distinct advantage, providing access to U.S. and international securities, allowing clients to purchase shares like Apple and Vodafone directly. OANDA, on the other hand, does not offer such securities. These differences are reflected in their rankings: Swissquote is highly rated with five stars and is ranked #2 for range of investments by ForexBrokers.com, while OANDA has a four-star rating and is ranked at #27. This highlights Swissquote’s broader appeal for those interested in a diverse range of investment opportunities, especially in the realm of exchange-traded securities.
| Feature |
Swissquote
|
OANDA
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 3928 |
| Forex Pairs (Total) | 80 | 68 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | Yes |
| 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 Swissquote and OANDA in terms of trading platforms and tools, both brokers offer comprehensive options. Each provides a simulated trading feature, allowing users to practice strategies with a free virtual demo account. Moreover, both companies boast proprietary platforms developed in-house, as well as support for popular platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The availability of a Windows-based desktop platform and a web-based trading interface further enriches the trading experience on both platforms. Additionally, both Swissquote and OANDA offer the ability to engage in copy trading, broadening the possibilities for traders.
Swissquote and OANDA provide a variety of charting tools, with Swissquote offering 75 drawing tools, while OANDA significantly surpasses this with 431 drawing tools. Both brokers enable direct trading from stock charts, ensuring convenience and efficiency. When it comes to organizing market data, Swissquote's watch lists include 11 columns compared to OANDA's 6. Customer reviews rate Swissquote slightly higher, with 4.5 out of 5 stars, while OANDA receives a solid 4-star rating. According to ForexBrokers.com, Swissquote ranks #12 out of 62 brokers in the Trading Platforms and Tools category, edging out OANDA, which holds the #15 spot.
| Feature |
Swissquote
|
OANDA
|
|---|---|---|
| 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) | 86 | 81 |
| Charting - Drawing Tools (Total) | 75 | 431 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 6 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading, both Swissquote and OANDA provide comprehensive solutions for iPhone and Android users. Each platform allows traders to set stock or forex price alerts directly on their phones. They also offer 30 technical studies for charting and the ability to draw trendlines and view multiple time frames like daily, weekly, or intraday. Both mobile apps automatically save drawings on charts, making it easier for traders to track their analyses over time. Furthermore, both Swissquote and OANDA let traders create watchlists with real-time quotes, though neither platform offers watchlist symbol syncing between the app and an online account.
Despite the similarities, there are distinctions in their overall ratings and rankings. Swissquote has earned an impressive 4.5 stars for its mobile trading app, yet OANDA edges ahead with a perfect 5-star rating. In a broader comparison of 62 brokers on ForexBrokers.com, Swissquote is ranked at number 11, while OANDA holds a slightly higher position at number 7. This suggests that OANDA may offer a somewhat superior mobile trading experience, based on user ratings and industry rankings. Nonetheless, both platforms present considerable advantages for traders seeking a mobile-friendly interface to monitor and execute trades efficiently.
| Feature |
Swissquote
|
OANDA
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Swissquote and OANDA both offer strong resources for market research, providing daily market commentary and access to forex news from leading outlets like Bloomberg and Reuters. They each include tools from Autochartist for technical and fundamental analysis. However, neither broker offers insights from Trading Central or market research from TipRanks and Acuity Trading, maintaining a focused but broad range of tools for traders. Both brokers also feature comprehensive economic calendars that track global news events, assisting traders in staying informed on market-moving announcements.
A key difference between the two lies in the availability of a sentiment-based trading tool, which is offered by OANDA to help traders understand position ratios across currency pairs, a feature Swissquote does not provide. Consequently, OANDA has been rated with 5 stars for research, placing it 5th among 62 brokers in ForexBrokers.com's rankings. Swissquote, with a 4-star rating, is positioned 16th. These rankings highlight the added value OANDA brings with its sentiment tool, translating into a top-tier research ranking.
| Feature |
Swissquote
|
OANDA
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | 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 for beginners at Swissquote and OANDA, both online brokers cover a wide range of materials designed to introduce new traders to the world of forex and CFDs. Swissquote and OANDA each provide a variety of educational content, exceeding ten pieces such as articles, videos, and archived webinars, tailored to forex and CFDs. Both brokers host at least one online educational webinar per month, with accessible archives for revisiting past sessions. If you're a fan of learning through videos, you're in luck, as they both offer over ten beginner-friendly educational videos to get you started, as well as another ten for more advanced traders looking to deepen their knowledge.
In addition to videos and articles, both Swissquote and OANDA provide valuable investor dictionaries with definitions of over fifty trading terms, aiding in the understanding of financial jargon. Although Swissquote boasts a high 4-star rating and ranks number 21 out of 62 brokers for education quality, OANDA narrowly surpasses it with a 5-star rating, despite being ranked slightly lower at number 22. This subtle difference in ratings and rankings might sway those seeking top-notch educational resources, but both platforms remain strong contenders for beginners eager to learn about forex and CFDs.
| Feature |
Swissquote
|
OANDA
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| 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 Swissquote is better than OANDA. Swissquote finished with an overall rank of #11, while OANDA finished with an overall rank of #12.
Traders choose Swissquote for its quality research and vast multi-asset offering – as long as they are willing to pay a premium to have their brokerage account held with a Swiss bank.
| Feature |
Swissquote
|
OANDA
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 93 |
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Both Swissquote and OANDA provide the capability to purchase actual delivered cryptocurrencies as well as cryptocurrency derivatives, catering to diverse trading preferences.
When comparing the online brokers Swissquote and OANDA, both platforms offer a comprehensive range of deposit and withdrawal options including ACH or SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, ensuring flexibility and convenience for their users.
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 | Swissquote | OANDA | |
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| Trust Score | 99 | 93 | |
| Winner | check_circle | ||
| Review | Swissquote Review | OANDA Review |
| Broker Screenshots | Swissquote | OANDA | |
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| Regulation | Swissquote | OANDA | |
|---|---|---|---|
| Trust Score | 99 | 93 | |
| Year Founded | 1996 | 1996 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 5 | 7 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | OANDA | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | Yes | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | Yes | |
| Singapore (MAS Authorised) | Yes | Yes | |
| Switzerland (FINMA Authorised) | Yes | No | |
| 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) | Swissquote | OANDA | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Swissquote | OANDA | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 3928 | |
| Forex Pairs (Total) | 80 | 68 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | Yes | |
| 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 | Swissquote | OANDA | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.61 | |
| All-in Cost EUR/USD - Active | N/A | 1.61 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Swissquote | OANDA | |
|---|---|---|---|
| Minimum Deposit | $1000 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | Swissquote | OANDA | |
|---|---|---|---|
| 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 | Swissquote | OANDA | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 6 | |
| Charting - Indicators / Studies (Total) | 86 | 81 | |
| Charting - Drawing Tools (Total) | 75 | 431 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Swissquote | OANDA | |
|---|---|---|---|
| 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 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Swissquote | OANDA | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | OANDA | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Swissquote | OANDA | |
|---|---|---|---|
| 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 | Swissquote Review | OANDA Review |
| Overall | Swissquote | OANDA | |
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| Trust Score | 99 | 93 | |
| Winner | check_circle | ||
| Review | Swissquote Review | OANDA Review |
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