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 | 2 |
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 | No |
| 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.
When comparing OANDA and Vantage on the variety of available investments, OANDA stands out with a broader selection. OANDA provides access to 3,928 tradeable symbols, significantly surpassing Vantage's offering of 1,000. For those focusing on forex, OANDA offers 68 currency pairs compared to Vantage's 57, giving traders more options to diversify their trading strategy. Both platforms allow clients to trade forex as either CFDs or spot contracts and do not offer exchange-traded securities on U.S. or international exchanges. While both brokers support copy trading, OANDA has the added advantage of allowing clients to buy actual cryptocurrencies, whereas Vantage limits cryptocurrency trading to derivatives only.
In terms of investing variety, OANDA gains a slight edge, receiving a 4-star rating compared to Vantage's 3.5 stars in the Range of Investments category. This is reflected in their rankings by ForexBrokers.com, where OANDA is 27th out of 62 brokers, while Vantage lags behind at the 50th position. OANDA's broader range of investment options and ability to trade actual cryptocurrencies may appeal more to traders seeking flexibility and diversification.
| Feature |
OANDA
|
Vantage
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3928 | 1000 |
| Forex Pairs (Total) | 68 | 57 |
| 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.
OANDA and Vantage both offer comprehensive trading platforms with a variety of tools suited for different trading styles. Both brokers provide users with the chance to practice simulated trading through free virtual demo accounts, ideal for those looking to get familiar with trading without financial risk. Each broker has developed its own proprietary platform and offers a Windows-based desktop download, along with a web-based platform that allows trading through a browser. Traders can engage in copy trading and take advantage of platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5) with both brokers. However, when it comes to DupliTrade and ZuluTrade, Vantage expands its toolset further, offering both, while OANDA provides neither.
For charting tools, OANDA edges slightly ahead in terms of drawing tool options, providing 431 compared to Vantage's 15, though both support trading directly from a stock chart. In terms of watch lists, Vantage offers a small advantage with seven columns for fields against OANDA’s six. Despite these differences, both brokers receive a solid rating of four out of five stars for their trading platforms and tools. When looking at rankings by ForexBrokers.com, Vantage and OANDA are closely matched, with Vantage just slightly ahead at rank #15, while OANDA holds the #16 spot out of 62 brokers. This reflects their overall parity in platform offerings, with minor individual strengths and weaknesses.
| 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 | Yes |
| 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 apps, both OANDA and Vantage offer support for iPhone and Android devices, making it convenient for traders to access the markets on the go. Both platforms provide essential features such as stock and forex price alerts, along with the ability to draw trendlines and view multiple time frames on charts. Advanced users will appreciate that each app includes 30 technical studies for in-depth charting analysis. Additionally, both apps allow users to create watchlists with real-time quotes but lack the feature to sync these watchlists with a user’s online account, meaning changes made on mobile won't automatically reflect elsewhere.
Despite these similarities, OANDA outshines Vantage in user ratings and rankings. OANDA receives a stellar 5-star rating for its mobile trading app, ranking 7th out of 62 brokers according to ForexBrokers.com. In contrast, Vantage, while also offering a comprehensive mobile trading experience, is rated 4 stars and ranks 26th on the same list. Both apps automatically save chart drawings, ensuring that your technical analysis efforts are retained for future reference. This makes OANDA a preferable choice for those valuing a slightly more highly-rated mobile trading experience.
| 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 OANDA and Vantage for market research, both platforms offer daily market commentary and provide forex news from reputable sources like Bloomberg and Reuters. OANDA stands out by offering technical analysis tools from Autochartist, enabling deeper insights into market trends. On the other hand, Vantage brings Trading Central tools to the table, offering different analysis options. Both brokers provide sentiment-based trading tools that illustrate the market sentiment, which can help traders assess the current trading positions on currency pairs. However, neither OANDA nor Vantage uses TipRanks or Acuity Trading for market research tools. Lastly, both brokers include an economic calendar to help traders keep track of significant global economic events.
In terms of research quality, OANDA receives a 5-star rating while Vantage is rated with 4 stars. According to ForexBrokers.com, OANDA ranks as the 5th best broker out of 62 for research capabilities, emphasizing its edge in offering valuable market insights. Meanwhile, Vantage holds the 24th position, reflecting a commendable yet distinct approach to research and analysis. Both brokers provide essential market research features, but OANDA seems to offer a slight advantage in specific tools, making it a strong contender for traders seeking comprehensive research facilities.
| Feature |
OANDA
|
Vantage
|
|---|---|---|
| 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 it comes to educational resources for new traders, both OANDA and Vantage offer access to a variety of learning materials. Each platform provides a minimum of 10 pieces of educational content, including articles, videos, and webinars specifically focused on forex and CFDs. They also host regular monthly webinars to help traders understand market trends and strategies better. Moreover, OANDA and Vantage both maintain searchable archives of previous webinars, ensuring that traders can revisit expert insights at their convenience. For those just starting, both brokers offer at least 10 beginner-focused videos to help newcomers grasp the basics of trading.
Both OANDA and Vantage go beyond beginner resources, offering at least 10 advanced videos aimed at seasoned traders looking to deepen their market knowledge. They both include investor dictionaries that feature definitions of over 50 key trading terms, a valuable resource for anyone looking to understand jargon. However, there’s a slight distinction in their educational rankings and ratings. OANDA is rated five stars for education and ranked 22 out of 62 brokers in the Education category by ForexBrokers.com, whereas Vantage earns four stars and a 27th place ranking. These ratings might reflect the slight edge OANDA has in catering to diverse educational needs.
| 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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|---|---|---|
| Overall Rating |
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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 | |
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| 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 | 2 |
| 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 | 57 | |
| 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 | No | |
| 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 | Yes |
| 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 | No | |
| 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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