Oanda vs XTB - Fees Review included
Which broker is better Oanda or XTB? Our expert assessment conducted according to TU’s own methodology showed that Oanda is one of the top brokers in the financial market with the TU Overall Score of 6.79 out of 10. XTB is one of the top brokers in the financial market with the TU Overall Score of 6.33 out of 10. Find out more about TU Overall Score.
| Feature | Oanda | XTB |
|---|---|---|
Overall |
4.4 |
4.3 |
5 |
4.7 |
|
4.5 |
3.8 |
|
3.5 |
4.7 |
|
Investment Instruments |
4.1 |
1 |
Platforms and Charting Tools |
4.8 |
4.4 |
Deposit and Withdrawal |
4.2 |
4.8 |
Research |
4.7 |
4.1 |
Education |
4.5 |
4.4 |
Support |
4.8 |
4.5 |
Bonuses |
4.6 |
4.6 |
|
|
Oanda vs XTB: Pros and Cons
Olsen & Associates, also known as OANDA, is a US-registered company set up to offer a plethora of financial services to clients around the world. Its history goes as far back as 1996, and it is now under regulation in four jurisdictions. The broker has licenses from different regulators, of which the United Kingdom Financial Conduct Authority (FCA) is the major one.
The X Trade Brokers (hereinafter “XTB”) is registered in Belize and provides a fairly extensive list of financial services to traders. The company was incorporated in 2002 and its financial regulator is the Belize International Financial Services Commission (IFSC). The broker has offices in Spain, Poland, and the UK, where it is authorized and regulated by the National Financial Supervision Commissions. The XTB is focused on working primarily with European investors. It has several significant awards, including the Best Broker in Europe award by Global Banking & Finance Review and Best Financial Teacher by World Finance Exchange & Brokers.
| Oanda | XTB | |
|---|---|---|
| Overall Pros | Regulated by a range of reputable financial bodies | 2100+ trading instrumetns |
| Real-time news and fundamental analysis tools | Big choice of ETF CFDs | |
| localized and multilingual phone support | Everage EURUSD spread 0.1 pip | |
| User-friendly platform for new forex traders | Advanced xStation trading platform | |
| Outstanding research tools | Well regulated broker | |
| Financial information publicly available | ||
| High educational value through written content and videos | ||
| Orders get executed with no requotes | ||
| Deposit minimum as low as $1 | ||
| Overall Cons | No programs offering bonus | High non trading fees - 1.5% commission for withdrawal to credit cards, Account fee 10EUR etc. |
| Slow withdrawal of funds | High stock CFDs fees |
Oanda vs XTB: Safety and Regulation
| Oanda | XTB | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Investor protection |
£85,000 SGD 75,000 $500,000 |
£85,000 €20,000 |
FCA UK Regulation |
Yes |
Yes |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
Yes |
No |
CFTC (U.S) |
Yes |
No |
MAS |
Yes |
No |
FSCA SA |
No |
No |
BVI FSC |
Yes |
No |
VFSC |
No |
No |
FSA (Seychelles) |
No |
No |
Oanda vs XTB: Trading Conditions
| Trading Conditions | Oanda | XTB |
|---|---|---|
Minimum Deposit |
No minimum deposit |
$1 |
Trading Platforms |
MT4, OANDA, TradingView |
MetaTrader 4 and xStation 5 |
Max Leverage (Futures) |
1-50 |
1-500 (only for non EU and UK clients), 1-30 |
Supported Markets |
Forex, CFDs (not for all entetities): Forex, Indexes, Commodities, Metals, Bonds, Cryptocurrencies |
Forex, CFDs on Stocks, Commodities, Metals, Cryptocurrencies and ETFs |
Trading assets |
120+ |
2100+ |
Trading Accounts |
Standard, Core, and Swap-free |
Demo, Standard, Pro, Islamic |
Base Account Currencies |
USD, EUR, HKD, SGD |
USD |
Oanda vs XTB: Fees
| Oanda | XTB | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,1 |
0,5 |
Standard acc. spread EUR/USD, max pips |
0,5 |
1,2 |
ECN Commission |
3,5 |
|
ECN Spread EUR/USD |
0,15 |
|
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
No |
Withdrawal fee, USD |
0-15 |
No |
Inactivity fee, $ |
No |
10 |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Oanda vs XTB: Trading Assets
| Asset Name | Oanda | XTB |
|---|---|---|
Overall |
120+trading assets |
2100+ |
Forex |
Yes |
Yes |
Stocks |
No |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
Yes (CFD) |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
Oanda or XTB: Investment Programs
| Asset Name | Oanda | XTB |
|---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: XTB or Oanda
| Oanda | XTB | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
Oanda |
xStation 5 |
Others |
No |
No |
|
|
Oanda vs XTB: Deposit and Withdrawal Methods
| Oanda | XTB | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
Yes |
Yes |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
No |
No |
Oanda vs XTB: Research
| Research Type | Oanda | XTB |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
No |
Oanda vs XTB: Education
| Education Type | Oanda | XTB |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
Yes |
No |
XTB vs Oanda: Support
| Support Features | Oanda | XTB |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
Oanda vs XTB: Forex Bonuses and Promo
| Promo | Oanda | XTB |
|---|---|---|
Forex Bonus |
Yes (Not for all countries) |
Welcome bonus for non UK/EU & MENA residents . 50% of your first deposit can be added to your account if you trade a minimum amount of lots (15% of your first deposit amount) within 60 days of your account opening, clients should aply for Welcombe bonus and deposit at least $100. |
Affiliate Program |
Yes |
The XTB affiliate program allows a client of the company to earn additional income by advertising the broker and attracting new clients. The amount of such income is up to 20% of the spread of the referred client |
Other Promos |
Rebates and commission markdowns |
he XTB cashback (rebates) program is primarily for traders who trade actively. The client has the opportunity to receive partial compensation of the spread, subject to the fulfillment of the monthly trading volume |
|
|
Top 5 Reviews on XTB
-
Comment
I mainly trade CFDs with XTB. The broker offers over 2,100 instruments, including stocks, ETFs, indices, and cryptocurrencies. It’s especially convenient that the commission on stock trades starts from 0.08%, and the minimum trade size is 0.01 lots. Suitable for those looking to diversify their portfolio.
-
Comment
I chose XTB because of its regulated environment — the broker is overseen by the FCA, KNF, and other European supervisory authorities. This adds a level of trust when dealing with larger sums. The average spread on EUR/USD starts from 0.9 pips, with no fixed commission. These conditions are well-suited for long-term trading.
-
Comment
For all the time I have been working with xtb I have not had any complaints - the broker works transparently and legally. Withdrawal of funds goes without delays, the platform is convenient, and in general, cooperation brings only positive impressions. Of course, as in any trading, there are moments when the market does not go in your direction, for example, gaps after the weekend. I admit that at first it was unpleasant, but then I realized that it is just market realities and not the broker's fault. Otherwise, it is a pleasure to work here - fair conditions, adequate support and stability, which is worth a lot in this sphere.
-
Comment
Withdrawal of funds in XTB company is excellent - no delays and nervousness. In most cases, the money comes the next day after the request, maximum - in two days. This is really convenient, especially if efficiency is important. I have withdrawn funds several times, and each time the process went smoothly. The service works clearly, without hidden conditions or unexpected commissions. If you need a broker where you don't have to worry about timely withdrawal of profits, everything is on top here.
-
Comment
After a bad experience with several brokers of dubious reputation, I decided to take a break from trading. I practically did not trade for a whole year, because I simply did not see a platform suitable for me. However, eventually I came across xtb, and the broker interested me. Instead of immediately rushing into trading, I decided to approach the matter thoroughly: I studied reviews, observed the company and even got a consultation. What really struck me was the attitude towards clients. When I had questions, they answered them calmly and politely, without any irritation and rudeness, which, unfortunately, is not always found in this sphere. When the time came to withdraw my earnings, the process went smoothly, quickly and without unnecessary nerves. Now I can say that I have found a worthy broker with whom it is comfortable to work.
Top 5 Reviews on Oanda
-
Comment
I tested different account types: Standard, Core, and Premium. The conditions vary in terms of spreads and execution speed. In my case, I chose the Core account — it's the best balance between commission and execution quality. On the downside, there are no cent accounts, and the entire website is only available in English, which may not suit everyone.
-
Comment
I considered Oanda as a platform for portfolio diversification. What attracted me was its stability — the broker has been operating since 1996 and is regulated in four jurisdictions. Liquidity is provided by major banks, including JPMorgan and Deutsche Bank, which adds confidence in order execution without slippage.
-
Comment
The Oanda platform offers a solid range of instruments, including currency pairs, cryptocurrencies, metals, indices, and commodities. The minimum order size starts from 0.01 lots, and spreads for major pairs begin at 0 pips. These are favorable conditions for traders using intraday or scalping strategies.
-
Comment
When choosing a broker, I paid close attention to leverage. OANDA offers up to 1:200, which provides enough flexibility for active trading. You can trade on MetaTrader 4, 5, as well as the proprietary fxTrade platform. The stop-out level is fixed at 50%, which is in line with industry standards.
-
Comment
The conditions at OANDA are average, so I can give this broker a decent rating.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.