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.
Both Swissquote and OANDA have established themselves as reputable online brokers since their founding in 1996. When it comes to regulation, Swissquote shines with a perfect Trust Score of 99 from ForexBrokers.com. It is unique as it is publicly traded and operates as a bank, providing an added layer of security for investors. Swissquote holds five Tier-1 licenses and one Tier-2 license, signifying a strong commitment to maintaining high standards of trust and operational integrity.
OANDA, while not publicly traded or a bank, also commands a strong presence in the financial world with a Trust Score of 93 from ForexBrokers.com. It surpasses Swissquote by holding seven Tier-1 licenses, showcasing its widespread regulatory compliance across major jurisdictions. However, it holds no Tier-2 licenses, potentially affecting its assessment in certain markets. Both brokers are highly trusted, yet their differing structures and regulatory holdings offer unique benefits for traders to consider.
| Feature |
Swissquote
|
OANDA
|
|---|---|---|
| Year Founded | 1996 | 1996 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 7 |
| Tier-2 Licenses | 1 | 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 the trading platforms and tools of Swissquote and OANDA, both brokers offer comprehensive solutions catering to various trader preferences. Swissquote and OANDA each provide a proprietary platform and the popular MetaTrader 4 and 5 for those who favor established systems. They excel in accessibility, offering downloadable desktop platforms for Windows and browser-based platforms for convenience. Importantly, both companies allow traders to practice strategies with free virtual demo accounts, making them ideal for newcomers and seasoned traders alike. Copy trading features are available on both platforms; however, neither supports DupliTrade or ZuluTrade integrations.
Swissquote is particularly notable for its extensive 75 drawing tools, allowing for personalized chart analysis, although OANDA surpasses this with 431 drawing tools. Swissquote also shines with its ability to facilitate trading directly from stock charts and is rated higher for trading platforms and tools with 4.5 stars compared to OANDA's 4 stars. Swissquote offers more options for watch lists with 11 fields, providing a more detailed overview than OANDA's 6 fields. In the competitive landscape, ForexBrokers.com ranks Swissquote at 11th place in the Trading Platforms and Tools category among 62 brokers, ahead of OANDA's 16th place, showcasing Swissquote's slightly stronger offering in this realm.
| 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 apps, both Swissquote and OANDA have a strong presence in the market. They each offer apps compatible with iPhone and Android devices, allowing users to stay connected to the market no matter where they are. Both platforms provide stock and forex price alerts, ensuring that traders receive timely updates. You can also access 30 different technical studies for charting on both apps, along with the ability to draw trendlines and view multiple time frames, such as daily, weekly, or intraday. Additionally, any drawings made on charts are automatically saved, providing a hassle-free experience for users on both Swissquote and OANDA.
Despite many similarities, there are some distinctions between the two. Neither platform offers watchlist symbol syncing, meaning changes you make in the app won't automatically update in other areas of your account. Both apps do, however, allow you to create watchlists with real-time quotes. In terms of user satisfaction, OANDA edges out slightly ahead with a 5-star rating for its mobile trading apps compared to Swissquote's 4.5 stars. This is reflected in their rankings by ForexBrokers.com, where OANDA stands at #7 out of 62 brokers, while Swissquote comes in at #10. These factors may influence your choice, depending on what features and ratings are most important to you.
| 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 |
|
|
| Trust Score | 99 | 93 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Swissquote | OANDA | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 93 | |
| Winner | check_circle | ||
| Review | Swissquote Review | OANDA Review |
| Broker Screenshots | Swissquote | OANDA | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| 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 | 1 | 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) | No | 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 | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 93 | |
| Winner | check_circle | ||
| Review | Swissquote Review | OANDA Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill