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.
Online brokers Swissquote and OANDA were both founded in 1996 and earn high marks for trust from ForexBrokers.com. Swissquote holds a Trust Score of 99 out of 99, while OANDA scores 92; scores from 90–99 are considered highly trusted.
Swissquote is publicly traded and operates as a bank, which may appeal to traders who value a listed, bank-backed broker. OANDA is not publicly traded and is not a bank. In terms of regulation, OANDA holds 7 Tier-1 licenses (highly trusted), whereas Swissquote holds 5 Tier-1 licenses plus 2 Tier-2 licenses (trusted). Despite OANDA’s larger Tier-1 footprint, Swissquote achieves the higher overall Trust Score.
| 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 |
Comparing Swissquote vs OANDA on commissions and fees, OANDA generally comes out cheaper. OANDA earns 4 out of 5 stars and ranks #30 of 63 brokers for this category, while Swissquote earns 3.5 out of 5 stars and ranks #35 of 63. Both can lower costs if you meet deposit thresholds and trade actively, but OANDA’s pricing structure tends to deliver a lower all-in spread on popular pairs like EUR/USD.
Swissquote’s pricing varies by region. In the U.K., the commission-based Elite account suits active traders who deposit at least $10,000, pairing lower spreads with a $5 charge per round-turn trade; the Standard account starts at 1.3 pips on EUR/USD, and the Prime account advertises a 0.6-pip minimum (a minimum, not an average). In Luxembourg, minimum deposits run $1,000 (Standard), $5,000 (Premium), and $50,000 (Prime), with minimum spreads from 1.5 pips down to 0.8 pips. In Switzerland, forex accounts start at $1,000 (Standard, from 1.7 pips), $10,000 (Premium, from 1.4 pips), and $50,000 (Prime, from 1.1 pips), with custom pricing available for high-volume traders. Overall, Swissquote carries a slight premium compared to the lowest-cost brokers. Swissquote commissions and fees rating: 3.5/5 stars; ranking: #35/63.
OANDA’s default pricing showed an average EUR/USD spread of 1.61 pips in July 2024, but its Core pricing can be cheaper: you pay a $5 per-side commission per $100,000 traded (about $10 round turn) with a $10,000 minimum deposit, which can bring the all-in EUR/USD cost to roughly 1.4 pips in the example provided. OANDA also allows trade sizes down to 1 unit and offers Elite Trader rebates of $5–$17 per million for high-volume traders. It publishes ongoing spread data to aid transparency, though fixed-period averages are limited. For most cost-focused traders, OANDA often undercuts Swissquote on effective spreads and commissions. OANDA commissions and fees rating: 4/5 stars; ranking: #30/63.
| Feature |
Swissquote
|
OANDA
|
|---|---|---|
| Minimum Deposit | $1000 | $0 |
| Average spread (EUR/USD) - Standard account | N/A | 1.68 |
| All-in Cost EUR/USD - Active | N/A | 1.69 |
| Non-wire bank transfer | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Swissquote and OANDA both support forex trading as CFDs and spot contracts, and each lets you buy exchange-traded securities on U.S. and international exchanges. They also offer copy trading plus cryptocurrency access as both actual coins and CFDs. When it comes to breadth, OANDA lists 4,172 tradeable symbols compared with Swissquote’s 472, while Swissquote leads in currency choice with 80 forex pairs versus OANDA’s 69.
For range of investments, Swissquote holds a 5-star rating and ranks #2 out of 63, while OANDA is rated 4.5 stars and ranks #20. If you want the largest overall symbol count, OANDA stands out; if you value more forex pairs and top-tier recognition for investment variety, Swissquote is a strong pick. Both are suitable for investors seeking U.S. and international stocks alongside crypto and CFD options.
| Feature |
Swissquote
|
OANDA
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 4172 |
| Forex Pairs (Total) | 80 | 69 |
| U.S. Stocks (Shares) | Yes | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | Yes | 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.
Swissquote vs OANDA: both brokers offer free demo (paper) accounts, proprietary platforms, Windows desktop apps, browser-based platforms, and support for MetaTrader 4 (MT4) and MetaTrader 5 (MT5). They also support copy trading and let you place orders directly from a chart.
According to ForexBrokers.com’s Trading Platforms and Tools scores, Swissquote earns 4.5/5 stars and ranks #12 out of 63 brokers, while OANDA scores 4/5 stars and ranks #16. If you want a slight edge in platform ratings, Swissquote comes out ahead; if you prefer OANDA, you’ll still get a closely matched feature set that includes MT4/MT5, web and desktop access, copy trading, and a free demo account.
| Feature |
Swissquote
|
OANDA
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 86 | 89 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Comparing Swissquote vs OANDA for mobile trading, both brokers check the core boxes. Each offers an iPhone app and an Android app, supports stock or forex price alerts, and provides 30 technical studies for charting. You can draw trendlines on charts in both apps, and your drawings auto-save. One limitation they share is watchlist symbol syncing: watchlists in the mobile app do not sync with the online account.
Where they differ is in quality ratings. OANDA’s mobile trading app earns 5 stars and ranks #7 out of 63 brokers on ForexBrokers.com, while Swissquote earns 4.5 stars and ranks #12. If top-rated mobile performance is your priority, OANDA holds the edge. If you want similar charting tools and alerts, Swissquote delivers a comparable feature set.
| Feature |
Swissquote
|
OANDA
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Swissquote and OANDA both deliver strong market research basics: daily market commentary, forex news from top-tier sources (such as Bloomberg, Reuters, or Dow Jones), Autochartist tools for technical and fundamental ideas, and an economic calendar. Neither broker offers Trading Central, TipRanks, or Acuity Trading integrations.
The key difference is sentiment data: OANDA includes a sentiment-based trading tool showing the long/short ratio across instruments, while Swissquote does not. According to ForexBrokers.com, OANDA earns 5 stars for Research and ranks #4 out of 63 brokers; Swissquote scores 4.5 stars and ranks #15. If you value a built-in sentiment gauge alongside daily analysis and premium news, OANDA has the edge. If you want similar research coverage without sentiment tools, Swissquote is close behind.
| Feature |
Swissquote
|
OANDA
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central | No | No |
| Client sentiment data | No | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Swissquote and OANDA both deliver forex and CFD education that meets the 10-piece threshold, including 10+ beginner videos and 10+ advanced videos, plus monthly live webinars. This gives new traders clear starting points and a path to level up with the same provider.
For overall education quality, OANDA has a slight edge with a 5-star Education rating and a #18 ranking out of 63 brokers, while Swissquote earns 4.5 stars and ranks #19. In short: choose OANDA if top-rated education is your priority; pick Swissquote if you want comparable breadth with the same monthly webinar access and plenty of beginner and advanced video lessons.
| Feature |
Swissquote
|
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 Swissquote is better than OANDA. Swissquote finished with an overall rank of #11, while OANDA finished with an overall rank of #13.
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
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OANDA
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|---|---|---|
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| Trust Score | 99 | 92 |
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In the Swissquote vs OANDA comparison, both brokers let you buy actual (delivered) cryptocurrencies and trade cryptocurrency CFDs, providing flexible crypto investing options on either platform.
Swissquote vs OANDA: both online brokers support ACH/SEPA transfers, PayPal, Skrill, and bank wire deposits and withdrawals, while availability of Visa or Mastercard funding 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 | Swissquote | OANDA | |
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| Trust Score | 99 | 92 | |
| Winner | check_circle | ||
| Review | Swissquote Review | OANDA Review |
| Broker Screenshots | Swissquote | OANDA | |
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| Regulation | Swissquote | OANDA | |
|---|---|---|---|
| Trust Score | 99 | 92 | |
| 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 (FSA Authorised) | No | Yes | |
| Singapore (MAS Authorised) | Yes | Yes | |
| Switzerland (FINMA Authorised) | Yes | ||
| 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) | |||
| 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 | Swissquote | OANDA | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 4172 | |
| Forex Pairs (Total) | 80 | 69 | |
| U.S. Stocks (Shares) | Yes | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | Yes | 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 | Swissquote | OANDA | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | 1.68 | |
| All-in Cost EUR/USD - Active | N/A | 1.69 | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Swissquote | OANDA | |
|---|---|---|---|
| Minimum Deposit | $1000 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | Yes |
| Trading Platforms | Swissquote | OANDA | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | Swissquote | OANDA | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 86 | 89 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Swissquote | OANDA | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | OANDA | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | Swissquote | OANDA | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Swissquote Review | OANDA Review |
| Overall | Swissquote | OANDA | |
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| Trust Score | 99 | 92 | |
| Winner | check_circle | ||
| Review | Swissquote Review | OANDA Review |
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