Oanda vs XM
| OANDA | XM |
|---|---|
4.3
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4.4
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 Traders from US not accepted
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Traders from US not accepted
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OANDA is an award-winning global broker, established in 1996. The hugely respected brand offers competitive trading accounts and serves clients from 196 countries. It has proven a popular option with both beginners and experienced traders thanks to its user-friendly and sophisticated web platform, no minimum deposit and premium currency products and services. The company is also overseen by reputable regulators, including the FCA, ASIC and CIRO. |
XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted broker has been known for its low fees on 1000+ instruments. XM is regulated by multiple financial bodies, including the ASIC and CySEC. |
| Bonus Offer | |
| $30 No Deposit Bonus When You Register A Real Account | |
| Promotions | |
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Improve The Speed & Reliability Of Your Trades With The XM VPS |
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| Comment by Reviewer | |
| "Based on tests, OANDA will serve traders looking for a trustworthy broker with a beginner-friendly platform, best-in-class research and straightforward account opening. The $0 minimum deposit makes it especially attractive to newer traders and those on a budget." | "XM is one of the best forex and CFD brokers we have tested. The flexible account types will suit a variety of trading styles while the $5 minimum deposit and smooth sign-up process make it easy to start trading." |
| Pros | |
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| Cons | |
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| Awards | |
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| Instruments | |
| Forex, Stocks, Commodities, Indices, Bonds, ETFs, Crypto, Spread Betting | Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $0 | $5 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| $0 | 0.01 Lots |
| Regulator | |
| FCA, ASIC, KNF, MAS, CIRO, FFAJ, BVI | ASIC, CySEC, DFSA, FSC, FSCA |
| Margin Trading | |
| Yes | Yes |
| Margin Rate | |
| 2% | 0.2% |
| STP Account | |
| No | No |
| ECN Account | |
| No | No |
| DMA Account | |
| No | No |
| MAM Account | |
| No | No |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| Yes | Yes |
| Market Maker | |
| Yes | Yes |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | Yes |
| Mobile Apps | |
| OANDA Trade, MT4 | iOS, Android & Windows |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | |
| No | Yes |
| Copy Trading Platform | |
| XM global offers a user-friendly copy trading service. Aspiring investors can copy the trades of strategy managers. Investors can find strategy managers by viewing performance metrics and can decide how much they want to invest. Strategy managers can earn 50% of profits. | |
| Social Trading | |
| No | Yes |
| Trade Signals | |
| Yes | |
| VPS Hosting | |
| No | Yes |
| Tournaments | |
| No | Yes |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| Yes | No |
| Inactivity Fee | |
| $10 | $5 |
| Islamic Account | |
| No | Yes |
| Account Currencies | |
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| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| You can speculate on popular financial assets covering forex, commodities, indices, metals and bonds. You can get started with $0 minimum deposit, making the broker a good pick for beginners. There’s also a comprehensive range of technical analysis tools in the MT4 and OANDA Trade platforms. | Speculate on rising and falling prices with leveraged CFDs spanning popular markets, including currencies, equities and commodities. Traders get very low fees and high-quality market insights to support CFD trading. |
| Leverage | |
| 1:30 (UK), 1:200 (EU) | 1:1000 |
| FTSE Spread | |
| 1.0 | 1.5 pts (var) |
| GBPUSD Spread | |
| 1.4 | 1.9 (var) |
| Oil Spread | |
| 3.0 | 0.03 (var) |
| Stocks Spread | |
| Variable | 0.002 (var) |
| Forex Trading | |
| OANDA offers 68 currency pairs, which is above the industry average. You can speculate on majors, minors and exotics, with spreads from 0.8 pips on popular pairs. There are no commissions and leverage is available up to 1:200. Average execution speeds are fast based on tests, at 12 milliseconds. | XM offers ultra low spreads across a wide range of forex assets with no re-quotes or hidden charges. Forex can be traded 24/5 on desktop, web and mobile. Over 50 currency pairs are available including all majors. |
| Forex App | |
XM offer a mobile app for both Android and iOS that has been specifically tailored to each platform, maximizing the functionality of both. The app delivers the MetaTrader 4 and MetaTrader 5 platforms in your hand, with full forex trading and charting capabilities. Try it out today. |
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| GBPUSD Spread | |
| 1.4 | 1.9 |
| EURUSD Spread | |
| 0.8 | 1.6 |
| EURGBP Spread | |
| 0.9 | 1.8 |
| Assets | |
| 68 | 55+ |
| Currency Indices | |
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| Cryptocurrency | |
| OANDA offers trading on leading cryptocurrencies, including Bitcoin. You can place trades in the app hassle-free and practice in the unlimited demo account. The broker offers guaranteed stop-loss orders to help protect you against market volatility. | XM offers crypto trading through CFDs. This means investors can go long or short with leverage. XM offers an excellent range of cryptocurrencies, including major tokens like Bitcoin, Ethereum and Ripple. |
| Spread | |
| $100 | Variable |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
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| More Comparisons | |
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OANDA vs |
XM vs |