OANDA vs PrimeXBT Comparison: Which Is Better for Traders?
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - OANDA or PrimeXBT?
Our pick: PrimeXBT
Based on multiple factors - spreads and fees, available assets and instruments, execution quality, platform usability, support level, and educational resources - PrimeXBT looks preferable to OANDA.
PrimeXBT scored 4.4/5 and ranks 11 in our all Forex brokers list, whereas OANDA has 4.3/5 and ranks 28.
This is not financial advice. See the full comparison below.
Who is OANDA suitable for?
Oanda is suitable for beginners and experienced traders, thanks to quality analytics and various educational materials.
Who is PrimeXBT suitable for?
PrimeXBT is well-suited for active Forex and cryptocurrency traders: scalpers, high-leverage enthusiasts, copy traders, and those starting with a small deposit.
Comparison Table of OANDA and PrimeXBT
| Broker | OANDA | PrimeXBT |
|---|---|---|
| Rating | 4.3/5 | 4.4/5 |
| Foundation Year | 2001 | 2018 |
| Regulated in Countries | United States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, Poland | South Africa, Seychelles, El Salvador, Mauritius |
| Minimum Deposit |
|
|
| Spread | from 0.5 points | from 0.1 points |
| Max Leverage | 1:200 | 1:2000 |
| Trading Assets (CFDs) |
|
|
| Trading Platforms |
|
|
| Review | OANDA Review | PrimeXBT Review |
OANDA Review
Oanda is an excellent choice for traders seeking a reliable and regulated broker with competitive spreads and various trading assets.
With quality analytics and diverse educational materials, Oanda suits beginners and experienced traders.
Pros and Cons of OANDA
Pros
- Tight spreads.
- Diverse markets and products.
- Advanced trading platforms.
- Quality analytics.
- Extensive learning section.
Cons
- Limited trading account types.
- Inactivity fee.
- High swaps.
OANDA is in the top 10 of the following ratings:
PrimeXBT Review
PrimeXBT is an excellent platform for active Forex and cryptocurrency traders, scalpers, high-leverage enthusiasts, and those who value rapid registration, low fees, and integrated copy trading. The platform is particularly attractive if you combine margin trading on traditional markets with crypto futures, and do not require spot ETFs, bonds, or first-tier licenses (FCA/CySEC). Moreover, extensive tournaments, bonuses, and VIP discounts make it appealing for beginner traders looking to start without large deposits.
Pros and Cons of PrimeXBT
Pros
- Fast registration and verification.
- Tight spreads and low fees on crypto futures.
- Unified account for Forex, CFDs, cryptocurrencies, copy trading, and tournaments.
- No inactivity fees.
- 3 free fiat withdrawals per month.
- 24/7 customer support.
Cons
- Second-tier regulation (FSA Seychelles, FSCA South Africa; no FCA/CySEC).
- Balance denominated only in USD – potential conversion costs.
- No telephone support.
PrimeXBT is in the top 10 of the following ratings:
Reliability
| Broker | OANDA | PrimeXBT |
|---|---|---|
| Reliability | 5/5 | 4.6/5 |
| Foundation Year | 2001 | 2018 |
| Regulated in Countries | United States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, Poland | South Africa, Seychelles, El Salvador, Mauritius |
| Regulators | NFA NFA CFTC CFTC ASIC ASIC CIRO CIRO FCA FCA JFSA JFSA BVIFSC BVIFSC MAS MAS KNF KNF | FSCA FSCA SFSA SFSA CNAD CNAD BCR BCR - FSC FSC |
OANDA
Oanda demonstrates a high level of reliability, evidenced by licenses from the world's leading regulators.
PrimeXBT
FSCA and FSA licenses, segregated accounts, NBP, and FinCom membership enhance protection; however, the absence of reputable regulators (FCA, ASIC) presents a moderate jurisdictional risk.
Pros
- Multi-tier regulation
- Segregation of funds and NBP
- External arbitration (Financial Commission)
Cons
- Lacks licenses from more stringent regulators (FCA, ASIC)
Account Opening
| Broker | OANDA | PrimeXBT |
|---|---|---|
| Account Opening | 4.5/5 | 5/5 |
| Minimum Deposit |
|
|
OANDA
Oanda offers a straightforward and structured registration process, ensuring convenience for clients.
Pros
- Clearly structured registration process.
- No minimum deposit, offering flexibility for traders.
Cons
- Additional documents may be required in some cases.
- Document verification can take from 1 to 2 working days.
PrimeXBT
Opening an account on PrimeXBT is simple: just an email and password, with no lengthy forms required. KYC is auto-verified in about 2 minutes, and deposits start at only $10. The entire process from registration to trading takes roughly 5-10 minutes.
Pros
- Instant registration
- Automated KYC within minutes
- Deposit from $10
Account Types
| Broker | OANDA | PrimeXBT |
|---|---|---|
| Account Types | 3/5 | 4/5 |
| Trading Accounts |
|
|
| Minimum Deposit |
|
|
| Spread | from 0.5 points | from 0.1 points |
| Max Leverage | 1:200 | 1:2000 |
| Trading Assets (CFDs) |
|
|
| Trading Platforms |
|
|
| Demo Account | ||
| Swap-free Account |
OANDA
Oanda provides various trading accounts, but some specialized types are missing.
Pros
- Standard accounts are available.
- Demo accounts are offered.
- Swap Free accounts are available for traders following Islamic principles.
Cons
- Cent accounts are missing.
- No fixed spread accounts.
- No investment accounts are available.
PrimeXBT
PrimeXBT’s unified account covers FX/CFD, crypto futures, copy trading, and VIP, streamlining balance management. However, the lack of cent, and fixed-spread options slightly limits the choice.
Pros
- Single balance for all markets
- Automatic VIP status based on volume
- Integrated copy trading
Cons
- Absence of cent accounts
- Fixed spreads are not supported
Commissions
| Broker | OANDA | PrimeXBT |
|---|---|---|
| Commissions | 3.5/5 | 4.5/5 |
| Spread | from 0.5 points | from 0.1 points |
| Average Spread (EURUSD) | 0.8 | 0.9 |
| Commission per Lot |
OANDA
Oanda's fees are moderate, making this broker competitive.
Pros
- No fees for deposits and withdrawals.
- Low spreads on major currency pairs.
Cons
- Inactivity fee is charged.
- Swaps may be high for some currency pairs.
PrimeXBT
PrimeXBT’s fees are below market standards, featuring tight spreads for CFD trading and low fees for crypto futures trading. Additionally, there are no charges for deposits or account inactivity.
Pros
- Spreads from 0.1 pips
- VIP discounts
- No inactivity fees
Cons
- Market-average swap rates
Deposit and Withdrawal
| Broker | OANDA | PrimeXBT |
|---|---|---|
| Rating | 4/5 | 5/5 |
| Account Funding Methods |
|
|
OANDA
Oanda offers flexible conditions for depositing and withdrawing funds, but payment system commissions and currency conversion costs may apply.
Pros
- The broker does not charge a fee for deposits and withdrawals.
- A wide selection of payment systems is available.
- No restrictions on the amounts of deposits and withdrawals.
Cons
- High commission fees for certain methods by payment systems.
- Withdrawal request processing time may be long.
- Cryptocurrencies are not available as a payment method.
PrimeXBT
A wide range of deposit and withdrawal methods, instant funding, and 3 free fiat withdrawals per month make transactions convenient. Fees apply only after exceeding the free limit and when withdrawing via card.
Pros
- 0% deposit fee
- 3 free fiat withdrawals
- Fast order processing
Cons
- Account denominated only in USD
Markets and Products
| Broker | OANDA | PrimeXBT |
|---|---|---|
| Markets and Products | 4.4/5 | 4.5/5 |
| Forex | 48 | 99 |
| Precious Metals | 3 | 12 |
| Energy Carriers | 3 | 4 |
| Soft Commodities | 4 | 8 |
| Indices | 18 | 19 |
| Stocks | 1607 | 16 |
| Cryptocurrency | 18 | 135 |
OANDA
Oanda offers an extensive set of markets and products, making it a versatile choice for traders of different levels.
Pros
- A wide range of currency pairs.
- A large selection of stocks and indices.
- Access to cryptocurrency trading.
Cons
- Maximum leverage is only up to 1:200.
PrimeXBT
PrimeXBT offers over 100 instruments across FX, indices, commodities, stocks, and crypto futures, catering well to active traders.
Pros
- All key asset classes
- Single account for all markets
- Crypto futures and copy trading
Cons
- No spot ETFs/bonds
- Limited selection of stocks
Trading Platforms
| Broker | OANDA | PrimeXBT |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Trading Platforms |
|
|
OANDA
Oanda provides high-quality trading platforms with deep functionality and integration with TradingView.
Pros
- Access to classic platforms MT4 and MT5.
- The fxTrade mobile app with integration with MT5.
- Integration with TradingView.
Cons
- No MetaTrader alternatives for desktop devices.
PrimeXBT
PXTrader is user-friendly, and MT5 provides automation features. While PrimeXBT offers a sufficient selection of platforms, it isn’t extensive.
Pros
- Mobile and web-based PXTrader platform
- Classic MetaTrader 5
- Built-in copy trading
Cons
- MT5 is not available in all regions
- Only two platforms offered (no cTrader or TradingView)
Analytics
| Broker | OANDA | PrimeXBT |
|---|---|---|
| Rating | 5/5 | 4/5 |
OANDA
The Oanda broker's analytical section offers many tools that help traders make informed decisions.
PrimeXBT
PrimeXBT provides a basic suite of analytics including live charts, an economic calendar, and daily market overviews. This set is adequate for most users, though advanced screeners and signals are missing.
Pros
- 50+ chart indicators
- Economic calendar
- Daily market research
Cons
- No screeners/signals
- Limited depth of analysis
Education
| Broker | OANDA | PrimeXBT |
|---|---|---|
| Rating | 4.5/5 | 3/5 |
OANDA
Oanda provides an extensive range of educational resources, catering to new and experienced traders, focusing on leveraged trading.
Pros
- Comprehensive coverage of fundamental and technical analysis.
- Variety of resources including webinars, workshops, and live market analysis.
- Free access to premium content for live account holders.
Cons
- Some advanced topics may not be covered in depth.
PrimeXBT
PrimeXBT offers an extensive library of articles and a comprehensive glossary spanning both basic and advanced topics, though it lacks video courses.
Pros
- 200+ articles covering various levels
- Free access without registration
Cons
- No video tutorials
- Limited interactive content
Customer Support
| Broker | OANDA | PrimeXBT |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Email Support |
|
|
| Hotline Phones |
| — |
| Social Media |
Facebook
Twitter
LinkedIn
YouTube
Instagram
TikTok
Telegram
Reddit
DiscordOANDA
Oanda's technical support provides extensive communication options and round-the-clock service, ensuring the professionalism and efficiency of the solutions provided.
PrimeXBT
PrimeXBT’s support is fast and friendly: the 24/7 chat responds within minutes, and email queries receive a reply shortly after. While multiple channels exist, there is no telephone or messenger support.
Pros
- 24/7 online chat
- Multilingual operators
Cons
- No phone or messenger support
Comparisons of OANDA and PrimeXBT with other brokers
Conclusion
PrimeXBT stands out as the better overall pick, while OANDA trails on aggregate criteria.
PrimeXBT scored 4.4/5 and ranks 11 in our rating; OANDA has 4.3/5 and ranks 28.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: OANDA or PrimeXBT?
PrimeXBT comes out ahead by overall rank (score 4.4/5, position 11) versus OANDA (score 4.3/5, position 28).
Which broker is better for beginners: OANDA or PrimeXBT?
PrimeXBT is often a smoother start thanks to simpler onboarding and stronger baseline metrics. Still, your tools and budget should drive the final choice.
Who has lower typical trading costs (spreads/commissions) — OANDA or PrimeXBT?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with OANDA and PrimeXBT?
OANDA: MetaTrader 5, MetaTrader 4, TradingView, fxTrade. PrimeXBT: PXTrader, MetaTrader 5. See the “Platforms” section for details and selection tips.
What markets can you trade with OANDA and PrimeXBT?
OANDA: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, Cryptocurrency. PrimeXBT: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by OANDA and PrimeXBT?
OANDA: Standard, Swap Free. PrimeXBT: PXTrader. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by OANDA and PrimeXBT?
OANDA: Skrill, Neteller, Swift, Visa, Mastercard. PrimeXBT: Volet, Neteller, Skrill, Binance Pay, Swift, Visa, Mastercard. Check method-specific fees/settlement times.
Which broker is safer — OANDA or PrimeXBT — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
