Oanda vs XM Comparison

Last updated Mar 28, 2025
Oanda LogoOanda
4.3/5
Register71-76.6% of retail investors lose money when trading CFDs with this broker
VS
XM LogoXM
4.2/5
RegisterTrading CFDs carries high risks. You may lose all invested funds

We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.

Comparison Table of Oanda and XM

BrokerOandaXM
Rating
4.3/5
4.2/5
Foundation Year20012009
Regulated in CountriesUnited States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, PolandBelize, Cyprus, Australia, United Arab Emirates
Minimum Deposit
  • 1 USD
  • 1 EUR
  • 1 AUD
  • 1 CHF
  • 1 SGD
  • 1 HKD
  • 5 USD
  • 5 EUR
  • 5 GBP
  • 5 AUD
  • 5 CHF
  • 750 JPY
  • 20 PLN
  • 90 ZAR
  • 5 SGD
  • 1800 HUF
Spreadfrom 0.5 pointsfrom 0 points
Max Leverage1:2001:1000
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • Cryptocurrency
Trading Platforms
  • MetaTrader 5
  • MetaTrader 4
  • TradingView
  • fxTrade
  • MetaTrader 5
  • MetaTrader 4
ReviewOanda Review XM Review

Oanda is suitable for beginners and experienced traders, thanks to quality analytics and various educational materials.

Broker XM is suitable for both novice traders, thanks to educational materials, and experienced traders who value a variety of instruments.

Oanda Review

Oanda Logo
Register71-76.6% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
Forex Precious Metals Energy Carriers Soft Commodities Indices Stocks Cryptocurrency
Trading Platforms
MetaTrader 5MetaTrader 4TradingViewfxTrade
compare Oanda trading accounts

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

  1. Tight spreads.
  2. Diverse markets and products.
  3. Advanced trading platforms.
  4. Quality analytics.
  5. Extensive learning section.

Cons

  1. Limited trading account types.
  2. Inactivity fee.
  3. High swaps.

Oanda is in the top 10 of the following ratings:

XM Review

XM Logo
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
Forex Precious Metals Energy Carriers Soft Commodities Indices Stocks Cryptocurrency
Trading Platforms
MetaTrader 5MetaTrader 4
compare XM trading accounts

XM broker offers a wide range of services, making it an attractive option for various traders. With over 1500 trading instruments, extensive educational resources, and numerous trading platforms, XM is ideally suited for beginners and experienced traders. Novice traders will particularly appreciate the accessible educational materials and low entry threshold, while professionals will find the competitive spreads and diversity of instruments appealing.

Pros and Cons of XM

Pros

  1. Wide range of trading assets.
  2. Extensive educational resources.
  3. Tight spreads on the Ultra Low account.
  4. Many analytical materials.
  5. Commission-free deposits and withdrawals.

Cons

  1. Inconsistency in technical support.
  2. Inactivity fee.
  3. Standard account has a higher spread than the market average.

Reliability

BrokerOandaXM
Reliability
5/5
5/5
Foundation Year20012009
Regulated in CountriesUnited States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, PolandBelize, Cyprus, Australia, United Arab Emirates
Regulators

Oanda

Oanda demonstrates a high level of reliability, evidenced by licenses from the world's leading regulators.

XM

XM Group is highly regarded for its reliability, holding ASIC, CySEC, FSC, and DFSA licenses.

Account Opening

BrokerOandaXM
Account Opening
4.5/5
5/5
Minimum Deposit
  • 1 USD
  • 1 EUR
  • 1 AUD
  • 1 CHF
  • 1 SGD
  • 1 HKD
  • 5 USD
  • 5 EUR
  • 5 GBP
  • 5 AUD
  • 5 CHF
  • 750 JPY
  • 20 PLN
  • 90 ZAR
  • 5 SGD
  • 1800 HUF

Oanda

Oanda offers a straightforward and structured registration process, ensuring convenience for clients.

Pros

  1. Clearly structured registration process.
  2. No minimum deposit, offering flexibility for traders.

Cons

  1. Additional documents may be required in some cases.
  2. Document verification can take from 1 to 2 working days.

XM

Opening an account with XM Group is straightforward and quick.

Account Types

BrokerOandaXM
Account Types
3/5
4.3/5
Trading Accounts
  • Standard
  • Swap Free
  • Standard
  • Micro
  • XM Ultra Low
  • Shares
Minimum Deposit
  • 1 USD
  • 1 EUR
  • 1 AUD
  • 1 CHF
  • 1 SGD
  • 1 HKD
  • 5 USD
  • 5 EUR
  • 5 GBP
  • 5 AUD
  • 5 CHF
  • 750 JPY
  • 20 PLN
  • 90 ZAR
  • 5 SGD
  • 1800 HUF
Spreadfrom 0.5 pointsfrom 0 points
Max Leverage1:2001:1000
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • Cryptocurrency
Trading Platforms
  • MetaTrader 5
  • MetaTrader 4
  • TradingView
  • fxTrade
  • MetaTrader 5
  • MetaTrader 4
Demo Account
Swap-free Account

Oanda

Oanda provides various trading accounts, but some specialized types are missing.

Pros

  1. Standard accounts are available.
  2. Demo accounts are offered.
  3. Swap Free accounts are available for traders following Islamic principles.

Cons

  1. Cent accounts are missing.
  2. No fixed spread accounts.
  3. No investment accounts are available.

XM

XM broker offers various account types to satisfy the needs of different traders, from beginners to professionals.

Pros

  1. A wide choice of accounts for different experience levels.
  2. Flexible trading conditions (leverage, deposit).
  3. Specialized accounts for stock trading.

Cons

  1. No fixed spread accounts.
  2. No ECN or STP accounts.

Commissions

BrokerOandaXM
Commissions
3.5/5
2.5/5
Spreadfrom 0.5 pointsfrom 0 points
Average Spread (EURUSD)0.81.7
Commission per Lot

Oanda

Oanda's fees are moderate, making this broker competitive.

Pros

  1. No fees for deposits and withdrawals.
  2. Low spreads on major currency pairs.

Cons

  1. Inactivity fee is charged.
  2. Swaps may be high for some currency pairs.

XM

XM's commissions are rated as average.

Pros

  1. Low spreads on the Ultra Low account.
  2. No swaps on many currency pairs on the Ultra Low account.

Cons

  1. Wider spreads and higher swaps on the standard account.
  2. Inactivity fee.

Deposit and Withdrawal

BrokerOandaXM
Rating
4/5
4.5/5
Account Funding Methods
  • Skrill
  • Neteller
  • Swift
  • Visa
  • Mastercard
  • Neteller
  • Skrill
  • WebMoney
  • Perfect Money
  • SticPay
  • Visa
  • Mastercard

Oanda

Oanda offers flexible conditions for depositing and withdrawing funds, but payment system commissions and currency conversion costs may apply.

Pros

  1. The broker does not charge a fee for deposits and withdrawals.
  2. A wide selection of payment systems is available.
  3. No restrictions on the amounts of deposits and withdrawals.

Cons

  1. High commission fees for certain methods by payment systems.
  2. Withdrawal request processing time may be long.
  3. Cryptocurrencies are not available as a payment method.

XM

The broker offers convenient deposit and withdrawal methods with zero commission but lacks cryptocurrency support.

Pros

  1. Zero commission for deposits and withdrawals.
  2. A minimum limit of only 5 dollars.
  3. Quick processing of withdrawal requests.

Cons

  1. No cryptocurrency deposit/withdrawal options.

Markets and Products

BrokerOandaXM
Markets and Products
4.4/5
5/5
Forex4855
Precious Metals33
Energy Carriers33
Soft Commodities48
Indices1850
Stocks16071307
Cryptocurrency1858

Oanda

Oanda offers an extensive set of markets and products, making it a versatile choice for traders of different levels.

Pros

  1. A wide range of currency pairs.
  2. A large selection of stocks and indices.
  3. Access to cryptocurrency trading.

Cons

  1. Maximum leverage is only up to 1:200.

XM

The broker offers a wide range of markets and products, including over 1500 items.

Pros

  1. A large selection of currency pairs.
  2. Access to CFDs on various assets.
  3. The ability to trade cryptocurrencies.

Trading Platforms

BrokerOandaXM
Rating
5/5
4/5
Trading Platforms
  • MetaTrader 5
  • MetaTrader 4
  • TradingView
  • fxTrade
  • MetaTrader 5
  • MetaTrader 4

Oanda

Oanda provides high-quality trading platforms with deep functionality and integration with TradingView.

Pros

  1. Access to classic platforms MT4 and MT5.
  2. The fxTrade mobile app with integration with MT5.
  3. Integration with TradingView.

Cons

  1. No MetaTrader alternatives for desktop devices.

XM

XM offers various versions of MT4 and MT5 platforms, providing flexibility in trading.

Pros

  1. Availability on various devices (PC, Mac, mobile).
  2. MultiTerminal for managing multiple accounts.
  3. WebTrader for browser-based trading.

Cons

  1. No alternatives to MetaTrader.

Analytics

BrokerOandaXM
Rating
5/5
5/5

Oanda

The Oanda broker's analytical section offers many tools that help traders make informed decisions.

XM

Analytics at XM are extensive and varied, providing traders with valuable resources for making informed decisions.

Pros

  1. Exclusive market analysis from professionals.
  2. Trading signals and tools such as Autochartist.
  3. The option to listen to news recordings.

Cons

  1. Real account required to access all materials.

Education

BrokerOandaXM
Rating
4.5/5
4.5/5

Oanda

Oanda provides an extensive range of educational resources, catering to new and experienced traders, focusing on leveraged trading.

Pros

  1. Comprehensive coverage of fundamental and technical analysis.
  2. Variety of resources including webinars, workshops, and live market analysis.
  3. Free access to premium content for live account holders.

Cons

  1. Some advanced topics may not be covered in depth.

XM

XM's educational materials are extensive and varied, suitable for all experience levels.

Pros

  1. A wide range of materials: webinars, videos, seminars.
  2. Available in different languages.
  3. Daily online sessions with experts.

Cons

  1. Lack of textual materials and books.
  2. No personalized learning options.

Customer Support

BrokerOandaXM
Rating
5/5
4/5
Email Support
  • frontdesk@oanda.com
  • moneytransfer@oanda.com
  • support@xm.com
Hotline Phones
  • +442031512050
  • +442071011600
  • +5012236696
Social Media

Oanda

Oanda's technical support provides extensive communication options and round-the-clock service, ensuring the professionalism and efficiency of the solutions provided.

XM

XM's technical support offers 24/7 access through various channels, but the service quality is inconsistent.

Pros

  1. Round-the-clock support.
  2. A variety of communication channels.
  3. Quick responses in some cases.

Cons

  1. Ineffectiveness of solutions, according to reviews.

Alternatives to Oanda and XM

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