Written by ForexBrokers.com
In this head to head comparison of XTB 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.
Established in 2002, XTB is a prominent online broker known for its high Trust Score of 96, indicating a high level of trust according to ForexBrokers.com. XTB is publicly traded and holds two Tier-1 licenses, which are highly trusted, along with two Tier-2 licenses, considered trusted by the same authority. Despite not being a bank, its standing in the market is bolstered by public trade and regulatory recognition.
OANDA, founded in 1996, is another well-regarded online broker that garners a Trust Score of 93, signaling a strong trust rating. Although not publicly traded, OANDA surpasses XTB in regulatory credentials with seven Tier-1 licenses under its belt. Like XTB, OANDA is not a bank, yet its commendable regulatory framework heightens its credibility in the trading landscape.
| Feature |
XTB
|
OANDA
|
|---|---|---|
| Year Founded | 2002 | 1996 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 7 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When it comes to evaluating the commissions and fees of XTB and OANDA, XTB stands out for offering a spread-only Standard account and a commission-based Professional account, though the latter is becoming less accessible to new clients. Average spreads at XTB are competitive but not the lowest, with forex spreads on the EUR/USD pair around 1 pip. Notably, XTB’s Standard account might be more appealing for retail forex traders due to its affordability for smaller trades and its broader availability. Furthermore, XTB offers an active trader discount program known as the Lower Spread Group, partially refunding spreads once certain trading volumes are reached. Overall, XTB earns a commendable 4.5-star rating for commissions and fees and ranks 11th out of 62 brokers.
On the other hand, OANDA is known for its higher forex trading costs. The spreads are notably higher when compared to leading brokers, averaging 1.61 pips on the EUR/USD pair during peak periods. While OANDA does offer core pricing with lower spreads and a $5 per-side commission, this option requires a hefty $10,000 minimum deposit. For smaller traders, the default pricing can become costly with its higher spreads. Despite these costs, OANDA provides certain advantages like reduced minimum trade sizes and an Elite Trader program offering rebates and other perks for high-volume traders. Transparency is a priority for OANDA as it regularly updates its trailing average spreads, though exact comparisons are challenging. OANDA is rated 4 stars for commissions and fees, placing it at the 34th spot among 62 brokers.
In summary, XTB and OANDA offer distinct pricing structures that cater to different needs. XTB is more favorable for moderate traders seeking lower costs and incentives for trading larger volumes, while OANDA offers specialized core pricing amidst generally higher costs, appealing to more committed, high-volume traders. The ratings and rankings from ForexBrokers.com reflect these differences, with XTB receiving a higher rating and ranking compared to OANDA.
| Feature |
XTB
|
OANDA
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 1.00 | 1.61 |
| All-in Cost EUR/USD - Active | 1.00 | 1.61 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | 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 XTB and OANDA in terms of available investments, both platforms offer forex trading as a CFD or spot contract. XTB stands out with an impressive 7,184 tradeable symbols, significantly more than OANDA's 3,928, while also featuring a slightly wider selection of forex pairs, offering 71 compared to OANDA's 68. A unique advantage of XTB is the ability to trade exchange-traded securities on both U.S. and international exchanges, enabling clients to buy shares like Apple and Vodafone directly, a feature OANDA does not provide. However, while XTB does not support copy trading or the purchase of actual cryptocurrencies, OANDA offers these options, appealing to users interested in these investment avenues.
The rankings and ratings further illustrate their differences. XTB garners a five-star rating for its range of investments, with a commendable position of #14 out of 62 brokers according to ForexBrokers.com. In comparison, OANDA receives a four-star rating and is ranked #27 in the same category. Despite OANDA's advantageous offering of actual cryptocurrencies and copy trading capabilities, XTB's extensive array of tradable symbols and access to exchange-traded securities make it a strong contender for those seeking a broader investment portfolio.
| Feature |
XTB
|
OANDA
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7184 | 3928 |
| Forex Pairs (Total) | 71 | 68 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | 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.
Both XTB and OANDA provide excellent trading platforms and tools for both new and seasoned traders, though their features cater to slightly different preferences. XTB offers a proprietary platform available as a Windows desktop download and a web-based version, enabling users to immerse themselves in a seamless trading experience. OANDA too provides its own proprietary platform with similar accessibility. Both brokers offer free virtual demo accounts for traders to practice strategies without financial risk. However, while OANDA supports popular platforms like MetaTrader 4 and MetaTrader 5, enabling advanced trading features and plugins, XTB does not offer these platforms, making it a more straightforward choice for those interested in fewer add-ons.
In terms of tools and customization, OANDA delivers an impressive variety with 431 drawing tools for charting compared to XTB's 32, allowing for depth in technical analysis. On the other hand, XTB offers slightly more columns for customizing watch lists. Both platforms enable trading directly from charts, ensuring ease of access when executing trades. OANDA holds a noteworthy position for copy trading, which XTB does not offer. Rated 4.5 stars for its trading platforms and tools, XTB surpasses OANDA's 4-star rating, reflected in its #9 ranking versus OANDA's #16 by ForexBrokers.com out of 62 brokers. Ultimately, the choice between XTB and OANDA depends on specific trading needs and whether advanced customization or access to broader networks like MT4 and MT5 are priorities.
| Feature |
XTB
|
OANDA
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 39 | 81 |
| Charting - Drawing Tools (Total) | 32 | 431 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 6 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
XTB and OANDA both offer comprehensive mobile trading apps for iPhone and Android users, each equipped with a range of features to enhance the trading experience. Both platforms provide price alerts and support for drawing trendlines on charts, ensuring traders never miss critical market movements. XTB offers 39 technical studies for its charting, surpassing OANDA's offering of 30, which can add depth to your technical analysis. However, neither platform offers watchlist symbol syncing, meaning changes made on mobile don't automatically sync with your online account. Both apps excel in allowing users to view charts across multiple time frames and ensure that any drawings on charts are auto-saved. Additionally, creating watchlists with real-time quotes is a feature available on both platforms.
In terms of user satisfaction, OANDA edges slightly ahead with a perfect 5-star rating for its mobile trading app, compared to XTB's still impressive 4.5 stars. In rankings by ForexBrokers.com, OANDA holds the 7th spot among 62 brokers for its mobile trading app, while XTB is ranked close behind at number eight. These details suggest that while both apps are highly regarded, OANDA may offer a slightly more polished mobile trading experience according to user reviews and expert assessments.
| Feature |
XTB
|
OANDA
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 39 | 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 XTB and OANDA, both brokers provide daily market commentary and deliver forex news from prestigious sources such as Bloomberg, Reuters, and Dow Jones. This ensures that traders using either platform stay informed with timely and authoritative market information. Additionally, both XTB and OANDA offer sentiment-based trading tools that illustrate the ratio of long or short positions across different currencies, giving users insight into market trends.
However, a closer look reveals some differences in their research tools. OANDA distinguishes itself by offering technical analysis tools from Autochartist, while XTB does not include this feature. On the other hand, neither of the platforms provides tools from companies like Trading Central and Acuity Trading. Both brokers facilitate tracking economic events with their comprehensive economic calendars. At the end of the day, both XTB and OANDA achieve a stellar 5-star rating for research from ForexBrokers.com, with OANDA securing a slightly higher position, ranking 5th compared to XTB's 7th out of 62 brokers.
| Feature |
XTB
|
OANDA
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | No |
| 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.
XTB and OANDA both provide a variety of educational resources tailored for newcomers eager to learn about forex and CFDs. Each platform offers a comprehensive library exceeding ten educational pieces, which includes articles, videos, and archived webinars focusing on forex and CFDs. For those preferring interactive learning, both XTB and OANDA host at least one educational webinar monthly, and previously recorded sessions are accessible through a searchable archive. Beginners will find ample resources on each platform, with more than ten specific beginner-focused videos available for foundational learning. For traders seeking advanced knowledge, both platforms have an extensive collection of videos designed for seasoned traders.
Despite the wealth of resources each broker offers, there are notable differences. OANDA stands out by providing investors with a dictionary comprising definitions for over 50 investing terms, a feature that XTB doesn't offer. Both platforms are highly rated, earning a full 5-star rating for their educational offerings. However, XTB holds a higher rank, positioned at #11 compared to OANDA's #22 in the Education category by ForexBrokers.com. This reflects XTB's slightly better reputation among the 62 brokers assessed, suggesting a slight edge in educational quality and user experience tailored for beginners.
| Feature |
XTB
|
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) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that XTB is better than OANDA. XTB finished with an overall rank of #7, while OANDA finished with an overall rank of #12.
As a trusted multi-asset broker, XTB offers outstanding customer service, a wide variety of forex and CFDs, and an excellent overall trading experience. Its xStation 5 trading platform is well-designed and packed with innovative features, and XTB’s offers comprehensive educational content and market research.
| Feature |
XTB
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OANDA
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| Overall Rating |
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| Trust Score | 96 | 93 |
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When comparing online brokers XTB and OANDA, it's important to note that while XTB does not offer the ability to buy actual delivered cryptocurrency, only cryptocurrency derivatives, OANDA provides the option to purchase both actual delivered cryptocurrency and derivatives.
When comparing online brokers XTB and OANDA, both platforms support PayPal, Skrill, Visa or Mastercard, and bank wire options for depositing and withdrawing funds; however, OANDA additionally offers ACH or SEPA transfers, while XTB does not.
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 | XTB | OANDA | |
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| Trust Score | 96 | 93 | |
| Winner | check_circle | ||
| Review | XTB Review | OANDA Review |
| Broker Screenshots | XTB | OANDA | |
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| Regulation | XTB | OANDA | |
|---|---|---|---|
| Trust Score | 96 | 93 | |
| Year Founded | 2002 | 1996 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 7 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | XTB | OANDA | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | Yes | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | Yes | |
| Singapore (MAS Authorised) | No | Yes | |
| Switzerland (FINMA Authorised) | No | 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) | XTB | OANDA | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | XTB | OANDA | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7184 | 3928 | |
| Forex Pairs (Total) | 71 | 68 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | 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 | XTB | OANDA | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | 1.61 | |
| All-in Cost EUR/USD - Active | 1.00 | 1.61 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | XTB | OANDA | |
|---|---|---|---|
| Minimum Deposit | $0 | $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 | No | Yes |
| Trading Platforms | XTB | OANDA | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | XTB | OANDA | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 6 | |
| Charting - Indicators / Studies (Total) | 39 | 81 | |
| Charting - Drawing Tools (Total) | 32 | 431 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XTB | 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 | 39 | 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 | XTB | OANDA | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | XTB | 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) | No | Yes |
| Major Forex Pairs | XTB | 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 | XTB Review | OANDA Review |
| Overall | XTB | OANDA | |
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| Trust Score | 96 | 93 | |
| Winner | check_circle | ||
| Review | XTB Review | OANDA Review |
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