Written by ForexBrokers.com
In this head to head comparison of OANDA vs VT Markets, 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.
OANDA and VT Markets both serve as reputable online brokers but differ significantly in terms of their regulatory credentials. Founded in 1996, OANDA holds seven Tier-1 licenses, which places it among the highly trusted brokers with a Trust Score of 93 according to ForexBrokers.com. Although not a publicly traded company or a bank, OANDA’s regulatory credentials affirm its commitment to maintaining a secure trading environment for its clients.
In contrast, VT Markets, established in 2016, holds just one Tier-1 license and one Tier-2 license. Its ForexBrokers.com Trust Score is 70, categorizing it as having an average risk profile in terms of trustworthiness. Like OANDA, VT Markets is neither publicly listed nor a bank, but its fewer regulatory licenses and lower trust score suggest a more cautious approach is warranted when assessing its trading platform.
| Feature |
OANDA
|
VT Markets
|
|---|---|---|
| Year Founded | 1996 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing OANDA and VT Markets, each broker has its unique approach to commissions and fees, accommodating different trading preferences. OANDA is known for having relatively high forex trading costs, with both its default and core pricing being more expensive compared to top brokers. While OANDA does not position itself as a discount broker, it does offer automated execution across its account offerings as a key advantage. In terms of spreads, OANDA's bid/ask spreads align closely with brokers like FOREX.com and FxPro, although they may slightly exceed the rates offered by firms with sub-pip spreads. The average non-core pricing spread for OANDA stands at 1.61 pips for the EUR/USD pair.
For traders opting for VT Markets, the choice between the Raw ECN and Standard STP accounts determines the cost structure. The Standard STP account carries no commission but involves higher spreads compared to the Raw ECN account, and both require a modest minimum deposit of $100. The typical spread on the EUR/USD pair averages around 1.2 pips for the Standard STP account, while the Raw ECN account offers a more competitive effective spread of 0.83 pips, factoring in a 0.6 pip round-turn commission. By industry standards, VT Markets' pricing remains favorable with the Raw ECN account, although the Standard STP account pricing offers less appeal.
Assessing these two brokers based on ForexBrokers.com ratings, OANDA earns 4 stars for commissions and fees, ranking 34th out of 62 brokers. In contrast, VT Markets achieves a higher rating of 4.5 stars and stands at an impressive 20th place in the same category. This nuanced evaluation indicates that VT Markets may offer a slightly more competitive pricing structure, particularly for traders leaning towards the Raw ECN account option.
| Feature |
OANDA
|
VT Markets
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.61 | 1.2 |
| All-in Cost EUR/USD - Active | 1.61 | 0.8 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
OANDA and VT Markets both offer a platform for forex trading as a CFD or spot contract, but they differ significantly in their range of investments. OANDA stands out with an impressive offering of 3,928 tradeable symbols, which includes 68 forex pairs. In contrast, VT Markets provides access to 1,000 tradeable symbols, featuring 39 forex pairs. While neither broker offers exchange-traded securities on U.S. exchanges, VT Markets does provide options on some international exchanges, setting it apart in this aspect. Both brokers support copy trading, which can be attractive for those interested in mirroring successful trades.
When it comes to cryptocurrencies, OANDA expands its investment reach by allowing customers to buy actual cryptocurrencies, as well as cryptocurrency derivatives. Meanwhile, VT Markets focuses solely on offering cryptocurrency derivatives. These differences in available investments reflect in their ratings, where OANDA earns 4 out of 5 stars for its range of investments compared to VT Markets' 3.5 stars. Furthermore, OANDA ranks higher at #27 among 62 brokers according to ForexBrokers.com, while VT Markets sits at #39, highlighting OANDA's broader investment offering.
| Feature |
OANDA
|
VT Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3928 | 1000 |
| Forex Pairs (Total) | 68 | 39 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| 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 OANDA and VT Markets in terms of their trading platforms and tools, both brokers provide solid features, but they appeal to slightly different user preferences. OANDA stands out with its proprietary platform, which is developed in-house, offering traders a unique experience tailored specifically to their ecosystem. Both OANDA and VT Markets provide simulated trading through free demo accounts, allowing new traders to practice without risk. Each broker also supports MetaTrader 4 and MetaTrader 5, known for their advanced functionalities. For desktop users, both offer a Windows-based platform, while also enabling trading via web-based platforms. As for copy trading, both platforms include this feature, providing opportunities to replicate trades from experienced investors.
In the area of customization, OANDA pulls ahead with more drawing tools, boasting 431 compared to VT Markets' 30. Additionally, OANDA allows trading directly from stock charts, a feature mirrored by VT Markets, making analysis and execution seamless for both brokers. Watch list customization varies slightly, with VT Markets offering 7 columns for fields against OANDA's 6. Ratings for trading platforms and tools are comparable at 4 stars for each broker, yet OANDA ranks higher with ForexBrokers.com, coming in at #16 out of 62 brokers, versus VT Markets' #47 ranking. Overall, while both brokers provide comprehensive offerings, OANDA's proprietary platform and ranking might make it more appealing to traders seeking a unique and high-ranking trading experience.
| Feature |
OANDA
|
VT Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| 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) | 81 | 15 |
| Charting - Drawing Tools (Total) | 431 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both OANDA and VT Markets provide mobile apps for iPhone and Android, offering a convenient way for traders to stay connected on the go. These apps include vital features like price alerts and the ability to draw trendlines on charts. Additionally, users can choose different time frames for their chart views, making it easier for them to analyze trading data whether they are interested in daily, weekly, or intraday trends. However, while both brokers support creating watchlists with real-time quotes, neither offers syncing between the mobile app and the user’s online account. Traders seeking detailed chart analysis will appreciate the 30 technical studies available from both platforms.
Despite these similarities, OANDA's mobile app has an edge with the capability to auto-save chart drawings, a feature missing in VT Markets’ app. This advantage, along with its overall functionality, has earned OANDA a 5-star rating and a #7 rank among 62 brokers in the Mobile Trading Apps category, according to ForexBrokers.com. In contrast, VT Markets receives a respectable 4-star rating but ranks lower at #44. For traders who prioritize chart customization and high app ratings, OANDA might be the preferable choice, while VT Markets still offers a solid app experience for those focused primarily on basic functionalities.
| Feature |
OANDA
|
VT Markets
|
|---|---|---|
| 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 | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Both OANDA and VT Markets provide daily market commentary and forex news from top-tier sources like Bloomberg and Reuters, making them reliable choices for staying informed. OANDA stands out with its use of Autochartist, a popular tool for technical and fundamental analysis, offering traders a deeper dive into market trends. While VT Markets doesn't offer Autochartist's tools, it compensates by providing access to Trading Central's analytics, which also aids in technical analysis.
When it comes to sentiment-based trading tools, both brokers offer features that display long or short position ratios across different instruments. They also provide economic calendars for tracking global economic events, essential for informed trading decisions. However, neither broker includes additional research tools from TipRanks or Acuity Trading. For research quality, OANDA shines with a 5-star rating and holds the impressive 5th rank out of 62 brokers on ForexBrokers.com, whereas VT Markets earns 3.5 stars and ranks 36th, indicating that OANDA is the stronger choice for comprehensive research options.
| Feature |
OANDA
|
VT Markets
|
|---|---|---|
| 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.
OANDA and VT Markets both cater to educational needs in the forex and CFDs trading space, offering more than 10 resources such as articles, videos, and webinars. OANDA excels in providing monthly educational webinars and maintains a searchable archive of past sessions, a feature VT Markets does not offer. Both platforms supply a decent array of beginner-focused videos, but OANDA goes further with advanced videos targeting more experienced traders, which VT Markets lacks.
In the realm of trading education, OANDA has earned a five-star rating and is ranked 22nd out of 62 brokers by ForexBrokers.com. It comes with a comprehensive investor dictionary encompassing over 50 trading terms. VT Markets, with a 3.5-star rating, is positioned at 55th, also featuring an investor dictionary with similar content. These distinctions highlight OANDA's superior dedication to educational material and accessibility for traders at different levels of expertise.
| Feature |
OANDA
|
VT Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| 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 VT Markets. OANDA finished with an overall rank of #12, while VT Markets finished with an overall rank of #45.
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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VT Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 70 |
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OANDA provides the option to buy actual delivered cryptocurrencies and cryptocurrency derivatives, while VT Markets only offers the ability to purchase cryptocurrency derivatives.
OANDA stands out from VT Markets in terms of deposit and withdrawal options by offering ACH, SEPA, and PayPal, whereas both platforms share similar features, such as accepting Skrill, Visa, Mastercard, and bank wire transfers.
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 | VT Markets | |
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| Trust Score | 93 | 70 | |
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| Review | OANDA Review | VT Markets Review |
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| Regulation | OANDA | VT Markets | |
|---|---|---|---|
| Trust Score | 93 | 70 | |
| Year Founded | 1996 | 2016 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | OANDA | VT Markets | |
|---|---|---|---|
| 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 | No | |
| 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 | VT Markets | |
|---|---|---|---|
| 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 | VT Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3928 | 1000 | |
| Forex Pairs (Total) | 68 | 39 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| 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 | VT Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.61 | 1.2 | |
| All-in Cost EUR/USD - Active | 1.61 | 0.8 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | OANDA | VT Markets | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| 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 | VT Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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 | OANDA | VT Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 81 | 15 | |
| Charting - Drawing Tools (Total) | 431 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | VT Markets | |
|---|---|---|---|
| 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 | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | OANDA | VT Markets | |
|---|---|---|---|
| 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 | VT Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | OANDA | VT Markets | |
|---|---|---|---|
| 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 | VT Markets Review |
| Overall | OANDA | VT Markets | |
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| Trust Score | 93 | 70 | |
| Winner | check_circle | ||
| Review | OANDA Review | VT Markets Review |
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