OANDA vs XTB 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 XTB?
Our pick: OANDA
Based on multiple factors - spreads and fees, available assets and instruments, execution quality, platform usability, support level, and educational resources - OANDA looks preferable to XTB.
OANDA scored 4.3/5 and ranks 29 in our all Forex brokers list, whereas XTB has 4.2/5 and ranks 31.
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 XTB suitable for?
XTB suits experienced traders looking for a reliable broker with a wide selection of instruments and high-quality analytics.
Comparison Table of OANDA and XTB
| Broker | OANDA | XTB |
|---|---|---|
| Rating | 4.3/5 | 4.2/5 |
| Foundation Year | 2001 | 2001 |
| Regulated in Countries | United States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, Poland | Belize, Poland, United Kingdom, Spain, United Arab Emirates, Germany |
| Minimum Deposit |
|
|
| Spread | from 0.5 points | from 0.5 points |
| Max Leverage | 1:200 | 1:500 |
| Trading Assets (CFDs) |
|
|
| Trading Platforms |
|
|
| Review | OANDA Review | XTB 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:
XTB Review
XTB is a highly regulated broker with licenses from leading bodies such as the FCA, reinforcing its reliability and transparency. This broker offers a wide range of trading products, including currencies, indices, commodities, stocks, and cryptocurrencies, making it a flexible choice for traders of different levels and interests. Various deposit options and advanced analytical support further enhance its appeal against competitors.
XTB suits traders who value regulation and security, those looking for various trading tools, and those who want access to extensive analytical resources. The broker will especially suit active traders who maximize low spreads and product diversity.
Pros and Cons of XTB
Pros
- Regulated by several leading financial authorities.
- Variety of methods to deposit funds.
- Wide range of trading assets.
- Extensive analytical tools and resources.
Cons
- Withdrawal methods are limited.
- Lack of educational materials.
Reliability
| Broker | OANDA | XTB |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 2001 | 2001 |
| Regulated in Countries | United States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, Poland | Belize, Poland, United Kingdom, Spain, United Arab Emirates, Germany |
| Regulators |
OANDA
Oanda demonstrates a high level of reliability, evidenced by licenses from the world's leading regulators.
XTB
XTB is quite reliable, considering regulation in several authoritative jurisdictions.
Account Opening
| Broker | OANDA | XTB |
|---|---|---|
| Account Opening | 4.5/5 | 4.5/5 |
| 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.
XTB
The account opening process at XTB is simple and clear, but takes some time.
Pros
- Easy registration and data verification.
- Flexibility regarding the minimum deposit.
- Adherence to KYC and AML standards.
Cons
- Verification can take time.
- Need to provide a large volume of personal data.
Account Types
| Broker | OANDA | XTB |
|---|---|---|
| Account Types | 3/5 | 3.5/5 |
| Trading Accounts |
|
|
| Minimum Deposit |
|
|
| Spread | from 0.5 points | from 0.5 points |
| Max Leverage | 1:200 | 1:500 |
| 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.
XTB
XTB’s account types cover the core needs of most traders and investors: a Standard and Swap-Free account for CFD trading plus a separate investment account for real stocks and ETFs, though the overall choice is less diverse than some rivals.
Pros
- Simple lineup: Standard, Swap-Free and Investment account.
- Access to real stocks and ETFs with one broker.
- Unified xStation platform for trading and investing.
Cons
- Fewer account types than some competitors.
- No specialized “pro” accounts for niche strategies.
Commissions
| Broker | OANDA | XTB |
|---|---|---|
| Commissions | 3.5/5 | 3.5/5 |
| Spread | from 0.5 points | from 0.5 points |
| Average Spread (EURUSD) | 0.8 | 1.4 |
| 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.
XTB
XTB offers an average level of commissions.
Pros
- Cashback system helps to offset some of the commissions.
Cons
- Fee for account inactivity.
Deposit and Withdrawal
| Broker | OANDA | XTB |
|---|---|---|
| Rating | 4/5 | 4/5 |
| 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.
XTB
XTB provides convenient methods for depositing funds without a commission, but has limited withdrawal options.
Pros
- Wide selection of deposit methods.
- No commission for depositing funds.
- No commission for withdrawals over $50.
Cons
- The only available withdrawal method is bank transfer.
- Commission of $30 for withdrawals less than $50.
Markets and Products
| Broker | OANDA | XTB |
|---|---|---|
| Markets and Products | 4.4/5 | 5/5 |
| Forex | 48 | 57 |
| Precious Metals | 3 | 9 |
| Energy Carriers | 3 | 5 |
| Soft Commodities | 4 | 10 |
| Indices | 18 | 35 |
| Stocks | 1607 | 1997 |
| Cryptocurrency | 18 | 41 |
| ETF | - | 177 |
| Bonds | - | 3 |
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.
XTB
XTB offers an extensive range of markets and products for trading, including currency pairs, indices, commodities, stocks, ETFs, and cryptocurrencies.
Trading Platforms
| Broker | OANDA | XTB |
|---|---|---|
| Rating | 5/5 | 4.2/5 |
| 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.
XTB
XTB offers its functional and user-friendly trading platform xStation 5, well-suited for market analysis.
Pros
- A multitude of analytical tools.
- Customizable terminal interface.
- Android mobile app available.
Cons
- Lack of choice between different trading platforms.
- No platform version for iOS devices.
- No desktop version of the platform.
Analytics
| Broker | OANDA | XTB |
|---|---|---|
| Rating | 5/5 | 5/5 |
OANDA
The Oanda broker's analytical section offers many tools that help traders make informed decisions.
XTB
XTB offers superior analytics with a rich set of tools available to all users, making them one of the leaders in this area.
Pros
- In-depth analytics, including forecasts from experts and news.
- A wide range of analysis tools, including an economic calendar and trading schedules.
- Analytics available to all users, not only company clients.
Education
| Broker | OANDA | XTB |
|---|---|---|
| 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.
XTB
XTB's educational materials are limited.
Pros
- Basic trading information is provided.
Cons
- Lack of webinars and detailed video tutorials.
- Not suitable for beginners seeking comprehensive education.
Customer Support
| Broker | OANDA | XTB |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
| Email Support |
|
|
| Hotline Phones |
|
|
| Social Media | — |
Facebook
Twitter
LinkedIn
YouTube
InstagramOANDA
Oanda's technical support provides extensive communication options and round-the-clock service, ensuring the professionalism and efficiency of the solutions provided.
XTB
XTB's technical support is generally good, available 24/5.
Pros
- Operates 24/5.
- Contact options include phone and email.
- Responses to inquiries are received within a reasonable timeframe.
Cons
- Lack of messaging channels for communication.
Comparisons of OANDA and XTB with other brokers
Conclusion
OANDA stands out as the better overall pick, while XTB trails on aggregate criteria.
OANDA scored 4.3/5 and ranks 29 in our rating; XTB has 4.2/5 and ranks 31.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: OANDA or XTB?
OANDA comes out ahead by overall rank (score 4.3/5, position 29) versus XTB (score 4.2/5, position 31).
Which broker is better for beginners: OANDA or XTB?
OANDA 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 XTB?
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 XTB?
OANDA: MetaTrader 5, MetaTrader 4, TradingView, fxTrade. XTB: xStation. See the “Platforms” section for details and selection tips.
What markets can you trade with OANDA and XTB?
OANDA: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, Cryptocurrency. XTB: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, ETF, Bonds, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by OANDA and XTB?
OANDA: Standard, Swap Free. XTB: Standard, Swap Free. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by OANDA and XTB?
OANDA: Skrill, Neteller, Swift, Visa, Mastercard. XTB: Neteller, Skrill, PaySafeCard, Bank Transfer, Visa, Mastercard, Maestro. Check method-specific fees/settlement times.
Which broker is safer — OANDA or XTB — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
