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OANDA vs XM Group 2026

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025
  Fact Checked

In this head to head comparison of OANDA vs XM Group, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

OANDA
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 92
  • Tradeable Symbols (Total): 4172 info
XM Group
4.5/5 Stars Overall
  • Minimum Deposit: $5
  • Trust Score: 93
  • Tradeable Symbols (Total): 1429

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.

Regulation

OANDA and XM Group are both highly trusted online brokers, according to ForexBrokers.com. On the 99‑point Trust Score scale—where 90–99 means highly trusted—OANDA scores 92 and XM Group scores 93. In terms of regulation, OANDA holds 7 Tier‑1 licenses, while XM Group holds 4 Tier‑1 licenses and 3 Tier‑2 licenses, signaling extensive oversight from top regulators.

OANDA was founded in 1996, and XM Group in 2009. Neither broker is publicly traded, and neither operates as a bank. If regulatory coverage matters to you, OANDA offers a larger number of Tier‑1 approvals, while XM Group balances multiple Tier‑1 approvals with additional Tier‑2 licenses.

Feature OANDA logoOANDA
XM Group logoXM Group
Year Founded info 1996 2009
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 7 4
Tier-2 Licenses info 0 3
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1

Fees

OANDA and XM Group both charge fees that can be costly for forex traders, but OANDA generally comes out ahead on pricing clarity and overall value. OANDA’s spreads are often higher than the best low-cost brokers, with average non-core EUR/USD pricing at 1.61 pips in July 2024. Its core pricing account can lower spreads, but it adds a $5 per side commission per $100,000 traded and requires a $10,000 minimum deposit. OANDA also stands out for its very small minimum trade size and rebate program for active traders. It earns a 4-star rating and ranks #30 out of 36 for Commissions and Fees.

XM Group is less transparent in this category. Its standard account spreads are considered expensive, and it does not publish average spread data for its commission-based XM Zero account, which makes direct cost comparisons harder. While XM offers account choices for different types of traders, its pricing is not as competitive as the strongest brokers in the market. XM Group receives a 3.5-star rating and ranks #34 out of 36 for Commissions and Fees.

In simple terms, OANDA is the better choice if you want clearer pricing and somewhat better overall trading costs, though it is still not a bargain broker. XM Group trails OANDA on both rating and ranking, mainly because of pricier standard spreads and less public detail on its commission account.

Feature OANDA logoOANDA
XM Group logoXM Group
Minimum Deposit info $0 $5
Average spread (EUR/USD) - Standard account info 1.68 info 2 info
All-in Cost EUR/USD - Active info 1.69 info N/A info
Non-wire bank transfer info Yes info No
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

OANDA and XM Group both give traders access to forex as either CFDs or spot contracts, along with copy trading and the ability to trade exchange-traded stocks on both U.S. and international markets. Each also offers cryptocurrency CFDs, so traders can speculate on price moves without owning the coin itself. In this part of the platform lineup, both brokers are well suited to investors who want a mix of markets, from currencies to shares and crypto-related products.

The main difference is choice. OANDA offers 4,172 tradeable symbols and 69 forex pairs, while XM Group lists 1,429 symbols and 55 forex pairs, giving OANDA the wider selection overall. OANDA also lets clients buy actual cryptocurrency, which XM Group does not. Even so, both brokers earn 4.5 out of 5 stars for range of investments, with XM Group ranked #19 and OANDA #20 out of 36 brokers by ForexBrokers.com.

Feature OANDA logoOANDA
XM Group logoXM Group
Forex Trading (Spot or CFDs) info Yes info Yes
Tradeable Symbols (Total) info 4172 info 1429
Forex Pairs (Total) info 69 55
U.S. Stocks (Shares) info Yes Yes
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info Yes info Yes
Cryptocurrency (Underlying) info Yes No
Cryptocurrency (CFDs) info Yes info 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.

Trading platforms and tools

OANDA and XM Group both give traders a strong mix of platform choices and useful tools. Each broker offers a free demo account for practice, plus access to a web platform, a Windows desktop download, MetaTrader 4, MetaTrader 5, and copy trading. Both also let users trade directly from charts, which can make placing trades faster and easier. In short, either broker gives beginners and active traders several ways to get started and manage trades.

The main difference is that OANDA also offers its own proprietary platform, while XM Group does not. Based on ForexBrokers.com, both brokers are rated 4 out of 5 stars for trading platforms and tools, but OANDA ranks higher in this category at #16 out of 36 brokers, compared with XM Group at #27. That gives OANDA a slight edge for traders who want more platform variety and a better overall ranking.

Feature OANDA logoOANDA
XM Group logoXM Group
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes info Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes info Yes
Charting - Indicators / Studies (Total) info 89 30
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

OANDA and XM Group both offer mobile trading apps for iPhone and Android, and each includes stock or forex price alerts, 30 technical studies, and the ability to draw trendlines on charts. For traders who want a familiar set of core tools on the go, both apps cover the basics well. However, OANDA stands out for chart convenience because it auto-saves drawings in the mobile app, while XM Group does not.

One key difference is watchlist syncing. XM Group lets watchlists sync between the mobile app and the online account, so updates carry over across devices, while OANDA does not offer this feature. That gap, along with OANDA’s 5-star Mobile Trading Apps rating and #7 ranking out of 36 brokers from ForexBrokers.com, gives it an edge over XM Group’s 4-star rating and #26 ranking in the same category.

Feature OANDA logoOANDA
XM Group logoXM Group
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes No

Dive deeper: Best Forex Trading Apps.

Market research

OANDA and XM Group both do well when it comes to market research. Each broker offers daily market commentary, news from major sources like Bloomberg, Reuters, and Dow Jones, a sentiment tool that shows long and short positioning, and an economic calendar with key global events. Both are also rated 5 out of 5 stars for Research, which points to a strong overall research experience for traders looking for regular market updates and trade ideas.

The main difference is in the extra research tools they provide. OANDA includes Autochartist, while XM Group offers Trading Central instead. Neither broker supports TipRanks or Acuity Trading tools. In ForexBrokers.com’s Research ranking, OANDA comes in at #4 out of 36 brokers, ahead of XM Group at #8, giving OANDA a slight edge for market research overall.

Feature OANDA logoOANDA
XM Group logoXM Group
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central info No Yes
Client sentiment data info Yes Yes
TipRanks info No No
Acuity Trading info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

For beginners looking to learn forex and CFD trading, both OANDA and XM Group offer plenty of educational support. Each broker provides forex and CFD learning materials, online webinars at least once a month, and a large video library with 10 or more beginner-focused videos as well as 10 or more advanced videos. Both are also rated 5 out of 5 stars for Education, so either one gives new traders a strong place to start.

The main difference is in outside rankings, where XM Group comes out ahead. ForexBrokers.com places XM Group at #5 out of 36 brokers for Education, while OANDA is ranked #18. That makes XM Group the better pick if you want a broker with a higher-rated education offering, though OANDA still provides a solid mix of beginner-friendly learning tools.

Feature OANDA logoOANDA
XM Group logoXM Group
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that OANDA is better than XM Group. OANDA finished with an overall rank of #13, while XM Group finished with an overall rank of #16.

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 logoOANDA
XM Group logoXM Group
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trust Score info 92 93
Range of Investments 4.5/5 Stars 4.5/5 Stars
Trading Fees 4/5 Stars 3.5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Research 5/5 Stars 5/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Education 4/5 Stars 5/5 Stars

FAQs

Can you trade cryptocurrency with OANDA or XM Group?

OANDA vs XM Group: OANDA lets you buy actual (delivered) cryptocurrencies and trade cryptocurrency CFDs, while XM Group offers crypto exposure only through CFDs and does not support purchasing real, delivered crypto.

What funding options does each broker offer?

Among online brokers, OANDA supports ACH/SEPA and PayPal for deposits and withdrawals—options XM Group doesn’t offer—while both OANDA and XM Group provide Skrill and bank wire transfers.

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Overall Rating OANDA XM Group
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trading Fees 4/5 Stars 3.5/5 Stars
Range of Investments 4.5/5 Stars 4.5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 5/5 Stars
Education 4/5 Stars 5/5 Stars
Trust Score info 92 93
Winner check_circle
Review OANDA Review XM Group Review
Broker Screenshots OANDA XM Group
Broker Gallery (click to expand) info
OANDA fxTrade mobile trading app charting OANDA Trade web platform. OANDA's website features research in the form of its MarketPulse blog, which includes news, analysis, and articles. The OANDA website's educational hub features webinars and videos covering current events and financial analysis.
XM MetaTrader 5 mobile trading app XM MetaTrader 5 desktop trading platform. XM research articles market news and analysis XM educational content forex course chapters.
Regulation OANDA XM Group
Trust Score info 92 93
Year Founded info 1996 2009
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes
Tier-1 Licenses info 7 4
Tier-2 Licenses info 0 3
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) OANDA XM Group
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Japan (FSA Authorised) info Yes No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info Yes No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes
Tier-2 Licenses (Trusted) OANDA XM Group
Kenya (CMA Authorised) info Yes
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA, FSRA, or CMA Authorised) info No Yes
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments OANDA XM Group
Forex Trading (Spot or CFDs) info Yes info Yes
Tradeable Symbols (Total) info 4172 info 1429
Forex Pairs (Total) info 69 55
U.S. Stocks (Shares) info Yes Yes
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info Yes info Yes
Cryptocurrency (Underlying) info Yes No
Cryptocurrency (CFDs) info Yes info 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 XM Group
Average spread (EUR/USD) - Standard account info 1.68 info 2 info
All-in Cost EUR/USD - Active info 1.69 info N/A info
Inactivity Fee info Yes Yes
Order execution: Agency info No No
Order execution: Market Maker info Yes Yes
Funding OANDA XM Group
Minimum Deposit info $0 $5
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info Yes info No
Trading Platforms OANDA XM Group
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes info Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes info Yes
cTrader info No No
Trading Tools OANDA XM Group
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 89 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading OANDA XM Group
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes No
Mobile Research - Economic Calendar info Yes Yes
Research OANDA XM Group
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central info No Yes
TipRanks info No No
Client sentiment data info Yes Yes
Economic Calendar info Yes Yes
Education OANDA XM Group
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Major Forex Pairs OANDA XM Group
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review OANDA Review XM Group Review
Overall OANDA XM Group
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trading Fees 4/5 Stars 3.5/5 Stars
Range of Investments 4.5/5 Stars 4.5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 5/5 Stars
Education 4/5 Stars 5/5 Stars
Trust Score info 92 93
Winner check_circle
Review OANDA Review XM Group Review
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