Written by ForexBrokers.com
In this head to head comparison of OANDA vs Vantage, 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.
When comparing online brokers OANDA and Vantage, both companies are not publicly traded and are not classified as banks. Founded in 1996, OANDA holds a strong regulatory presence with 7 Tier-1 licenses, making it highly trusted. In contrast, Vantage, established in 2009, holds 2 Tier-1 licenses and 1 Tier-2 license, indicating a solid level of trust.
Based on their Trust Scores from ForexBrokers.com, OANDA scores 93 out of 99, which places it in the highly trusted category. Meanwhile, Vantage scores just below at 90, also reflecting high trust. Despite their different founding years and the number of licenses they hold, both brokers have demonstrated a significant commitment to earning trust in the financial world.
| Feature |
OANDA
|
Vantage
|
|---|---|---|
| Year Founded | 1996 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 3 |
OANDA and Vantage are both renowned online brokers, but when it comes to commissions and fees, they cater to slightly different segments of traders. OANDA generally has higher forex trading costs with high effective spreads across its default and core pricing. While its forex pricing may not be discounted, OANDA offers automated execution across its account offerings, with bid/ask spreads comparable to other mid-tier brokers like FOREX.com and FxPro. OANDA’s core pricing accounts offer reduced spreads with the inclusion of a $5 per side commission per $100,000 traded, making it slightly more economical than the commission-free pricing. OANDA is rated 4 stars out of 5 for commissions and fees, ranking #34 in its category according to ForexBrokers.com.
In contrast, Vantage offers competitive pricing through its three account options: the spread-only Standard STP account, along with the commission-based RAW ECN and PRO ECN accounts. The Standard account has typical spreads of 1.30 pips on the EUR/USD, whereas the RAW account comes with leaner spread pricing combined with a commission of $3 per side. The PRO account takes competitiveness a notch higher with a commission as low as $2 per side, dependant on qualifying account requirements. Vantage is slightly ahead in fee affordability compared to OANDA, earning a commendable 4.5 out of 5 stars and securing the #19 spot among 62 brokers on ForexBrokers.com.
Both brokers offer benefits for active traders through rebate programs. OANDA provides rebates for high-volume traders and shows a commitment to greater pricing transparency by regularly publishing spread data. Meanwhile, Vantage’s active trader program offers rebates on standard lots and caters to higher equity tiers. While OANDA's minimum trade size is unrivaled with the ability to trade as little as 1 unit of currency, Vantage presents a cost-effective solution for traders who qualify for its PRO ECN account, benefiting those with larger account balances or trade volumes.
| Feature |
OANDA
|
Vantage
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average Spread EUR/USD - Standard | 1.61 | 1.30 |
| All-in Cost EUR/USD - Active | 1.61 | 0.75 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| 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.
Both OANDA and Vantage provide opportunities for forex trading as Contracts for Difference (CFD) or spot contracts, catering to investors looking for diverse trading options. OANDA boasts a significantly higher number of tradeable symbols, offering 3,928 compared to Vantage's 1,000. This diversity extends to forex pairs, where OANDA offers 68 pairs, slightly edging out Vantage's 61. Although neither broker allows clients to directly trade U.S. or international exchange-traded securities, they both facilitate access to cryptocurrency derivatives. OANDA goes a step further by enabling clients to purchase actual cryptocurrencies, a feature not supported by Vantage. Both brokers provide copy trading capabilities, enhancing their attractiveness to traders interested in mirroring the strategies of successful investors.
In terms of customer ratings, OANDA receives a four-star rating for its range of investments, surpassing Vantage's 3.5-star rating. This difference is further highlighted in rankings provided by ForexBrokers.com, where OANDA holds the 27th position out of 62 brokers, while Vantage is positioned at number 50. These ratings reflect OANDA's broader range of investment options, including a larger variety of tradeable symbols and the ability to purchase actual cryptocurrencies. For investors seeking a more extensive selection of trading opportunities, OANDA may be the preferred choice, while Vantage still offers a solid, albeit more limited, selection of investment options.
| Feature |
OANDA
|
Vantage
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3928 | 1000 |
| Forex Pairs (Total) | 68 | 61 |
| 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 online brokers OANDA and Vantage, potential traders will find both offer competitive trading platforms and tools tailored for various trading needs. Both brokers provide the convenience of a free virtual demo account, which is ideal for simulated or paper trading. This allows users to practice without financial risk. Both companies also offer proprietary platforms alongside popular industry options like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), ensuring a range of choices for traders regardless of their preferred trading environments. While they both support trading from a stock chart and include a web-based platform and a Windows-based desktop download option, one distinction is in copy trading services: Vantage offers DupliTrade, whereas OANDA does not. Additionally, OANDA excels with 431 drawing tools for charting in contrast to Vantage's 15.
From a technical perspective, both brokers receive a 4-star rating for trading platforms and tools, showing they deliver high-quality services in this domain. OANDA is rated higher overall in rankings, holding the 15th spot out of 62 brokers, whereas Vantage is placed at 21st. They both offer similar services, but OANDA provides an extra column field for watch lists and is slightly ahead in terms of drawing tools for charting. Ultimately, both OANDA and Vantage serve as strong choices, catering to technical traders with a variety of tools, but the nuances in their offerings could guide specific decisions depending on individual preferences and trading strategies.
| Feature |
OANDA
|
Vantage
|
|---|---|---|
| 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 | Yes |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 81 | 30 |
| Charting - Drawing Tools (Total) | 431 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading, both OANDA and Vantage offer strong choices for iPhone and Android users, providing convenient tools for monitoring and engaging in forex or stock trading on the go. Both platforms enable users to receive price alerts and employ a range of 30 technical studies for chart analysis. Additionally, traders can draw trendlines and view various time frames, such as daily or weekly, directly on the app. Both apps excel at saving chart drawings automatically and allow users to create watchlists with real-time quotes. However, neither OANDA nor Vantage support syncing a watchlist with their respective online accounts, which might require users to manually update their lists on different devices.
In terms of app ratings and performance in the mobile trading landscape, OANDA shines brighter with a perfect 5-star rating and a rank of 7th out of 62 brokers on ForexBrokers.com, reflecting user satisfaction and app functionality. In contrast, Vantage earns 4 stars and is ranked 28th, indicating that while it is still a solid option, users might experience some limitations compared to OANDA. Whether you're focusing on technical analysis or seeking ease of use paired with reliable features, these insights offer guidance for selecting the trading app that best suits your needs.
| Feature |
OANDA
|
Vantage
|
|---|---|---|
| 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.
When comparing the market research offerings of OANDA and Vantage, both brokers provide daily market commentary and access to forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones. They offer advanced tools from Autochartist for technical and fundamental analysis, enabling traders to make informed decisions. Additionally, both platforms have sentiment-based trading tools that display the ratio of long and short positions across various instruments. Each broker provides an economic calendar to keep users updated on global news events affecting different economies.
Despite these similarities, there are notable differences. Vantage offers research tools from Trading Central, which OANDA does not, whereas neither provides insights from Acuity Trading or TipRanks. In terms of research ratings, OANDA holds an impressive 5-star rating and ranks fifth among 62 brokers evaluated by ForexBrokers.com. In contrast, Vantage has a 4-star rating, placing it 21st in the same category. These distinctions highlight OANDA's stronger emphasis on comprehensive market research.
| Feature |
OANDA
|
Vantage
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| 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 it comes to educational resources for beginners, both OANDA and Vantage provide a wealth of opportunities to learn about forex and CFDs. Each platform offers over ten educational pieces, including videos, articles, and webinars, focusing on these financial products. For those who prefer live learning, both brokers also offer regular monthly webinars, which can be invaluable for gaining insights and asking questions in real time. If you miss a session, there's no need to worry; both OANDA and Vantage provide archives of past webinars that are easily searchable. Additionally, beginner traders will find an array of video content tailored specifically to their skill level, with both platforms offering over ten educational videos for novices.
In terms of more advanced education, both brokers meet expectations by offering a library of instructional videos aimed at more experienced traders. Moreover, for those new to the investing world and its jargon, both OANDA and Vantage provide an investor dictionary featuring definitions of over 50 terms. Despite these comprehensive offerings, a slight difference in their educational ratings is notable, with OANDA rated five stars compared to Vantage’s four stars. Additionally, ForexBrokers.com ranks OANDA slightly higher, placing them at the 22nd position out of 62 brokers, while Vantage is positioned 24th. This minor distinction highlights the strong educational support OANDA provides to both beginners and advanced traders alike.
| Feature |
OANDA
|
Vantage
|
|---|---|---|
| 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 OANDA is better than Vantage. OANDA finished with an overall rank of #12, while Vantage finished with an overall rank of #26.
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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Vantage
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| Trust Score | 93 | 90 |
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OANDA enables investors to buy actual delivered cryptocurrencies and offers cryptocurrency derivatives, whereas Vantage does not allow for the purchase of actual cryptocurrencies but provides options for trading cryptocurrency derivatives.
When comparing online brokers OANDA and Vantage in terms of deposit and withdrawal options, OANDA offers more flexibility with ACH and SEPA transfers, along with PayPal, Skrill, Visa, Mastercard, and bank wires, while Vantage supports only PayPal, Skrill, Visa, Mastercard, and bank wires, lacking ACH and SEPA transfer capabilities.
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 | Vantage | |
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| Trust Score | 93 | 90 | |
| Winner | check_circle | ||
| Review | OANDA Review | Vantage Review |
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| Regulation | OANDA | Vantage | |
|---|---|---|---|
| Trust Score | 93 | 90 | |
| Year Founded | 1996 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 3 |
| Tier-1 Licenses (Highly Trusted) | OANDA | Vantage | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| 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 | No |
| Tier-2 Licenses (Trusted) | OANDA | Vantage | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| 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 | No |
| Investments | OANDA | Vantage | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3928 | 1000 | |
| Forex Pairs (Total) | 68 | 61 | |
| 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 | Vantage | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.61 | 1.30 | |
| All-in Cost EUR/USD - Active | 1.61 | 0.75 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | OANDA | Vantage | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| 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 | No |
| Trading Platforms | OANDA | Vantage | |
|---|---|---|---|
| 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 | Yes | |
| ZuluTrade | No | No |
| Trading Tools | OANDA | Vantage | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 81 | 30 | |
| Charting - Drawing Tools (Total) | 431 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | Vantage | |
|---|---|---|---|
| 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 | OANDA | Vantage | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | Vantage | |
|---|---|---|---|
| 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 | OANDA | Vantage | |
|---|---|---|---|
| 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 | Vantage Review |
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| Trust Score | 93 | 90 | |
| Winner | check_circle | ||
| Review | OANDA Review | Vantage Review |
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