OANDA vs. XM Comparison

This comparison guide assists individuals who battle to select in between OANDA and XM to find the most effective online broker for their trading and investment needs. It examines the highlights of the two brokers side by side to help customers contrast their service and make an informed choice.

To aid individuals pick the ideal broker in between OANDA and XM to locate the best-suited platform, listed below is a listing of broker’s benefits and drawbacks, complied with by a comparison of their main trading functions, including trading systems & tools, charges, mobile trading, deposit & withdrawal, assets, regulation, and client assistance.

OANDA vs. XM: Summary

oanda-logo

OANDA is a reputable forex and CFD broker founded in 1996. It is regulated by seven tier-one regulators. [Note: This comparison is based on OANDA Corporation (US division), regulated by the CFTC and NFA. OANDA has multiple divisions with different regulatory bodies and conditions. Please refer to OANDA’s official resources for division-specific details at OANDA Divisions.] Their users have access to approximately 76 tradable instruments, including 68 forex pairs and 8 cryptos via Paxos. [Note: Instrument availability may vary by division.] Traders can choose between a proprietary platform (web and desktop version), MT4. Their trading platform has an intuitive design, offers automated trade execution, and multiple features for algorithmic trading. Market research features are powered by TradingView.

OANDA’s trading fees are above average compared to similar forex and CFD brokers like AvaTrade and Pepperstone. They charge an average spread of approximately 1.4 pips on EUR/USD for their standard account in OANDA Corporation (US division). [Note: Spreads may vary depending on market conditions, division, and account type, including different spreads for standard and premium accounts like Core Spread accounts.]

OANDA’s customer service in OANDA Corporation (US division) is available by email, live chat (chatbot), and phone, with initial filtering by a chatbot before connecting to an agent. [Note: Customer service availability and processes may vary by division.]

XM logo

XM is a Best-in-Class broker offering a complete MetaTrader suite coupled with upgrades to enhance trading experience and use of custom indicators. Through its various brands, XM offers traders a total of 1,230 CFDs across multiple asset classes, including forex, cryptos, stocks and CFDs.

XM offers low min deposits and wide range of account types. XM Forex offers low spreads and flexible lot sizes and is considered an average-risk trader. They are privately owned and do not operate a bank.

XM is regulated and authorized by the Australian Securities & Investment Commission (ASIC) and the UK’s Financial Conduct Authority (FCA)

Pros

    • Regulated by six top-tier authorities globally, ensuring high compliance standards.
    • Offers 68 forex pairs and 8 cryptos in OANDA Corporation (US division).
    • No minimum deposit required, accessible for all traders.
    • Provides robust research tools with daily market updates.
    • Supports automated trading via APIs and MetaTrader 4.
      [Note: Offerings and benefits may vary by division.]

Cons

    • Standard account spreads (e.g., 1.4 pips EUR/USD) are above industry average.
    • Customer service response times can be slower than expected.
    • Limited product range beyond forex and cryptos in OANDA Corporation (US division).
    • Withdrawal fees apply for bank transfers (e.g., $20 in US division).
    • No MetaTrader 5 access in OANDA Corporation (US division).
      [Note: Drawbacks may vary by division.]

Pros

  • Very good customer support
  • Very competitive trading fees
  • Good choice of different trading platforms

Cons

  • Could have more deposit and withdrawal options

Key features

    • OANDA Trade platform with TradingView charts for advanced analysis.
    • Mobile app supports trading with real-time data and alerts.
    • Educational resources include webinars, tutorials, and articles.
    • Negative balance protection offered in certain divisions (e.g., EU).
    • Core Pricing accounts (minimum $10,000) offer lower spreads with commission.
      [Note: Features and availability differ by region.]

Key features

  • Access to 1,000+ trading instruments
  • Trade the markets your way using one or multiple of the 16 available trading platforms including MT4 and MT5
  • No re-quotes nor order rejections
  • Broad range of educational material offered in the form of webinars, videos, live trading education sessions, and podcasts
  • Extensive research tools via XM Research Centre including trade ideas, technical summaries, and a detailed economic calendar
  • Free VPS perfectly suited for EAs and other automated trading software

OANDA vs. XM Comparison

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oanda-logo

OANDA

Open account Read review

74-89% of retail CFD accounts lose money

XM logo

XM

Open account Read review

75.59% of retail CFD accounts lose money

BROKER COMPARISON

oanda-logo
XM logo

Overall rating

3,8/5

4,1/5

Overall rating

3,8/5

4,1/5

Trading Platform & Tools

3.9

3.9

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:50 1:888
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

3.1

4.1

See details
Withdrawal Fee $20 + Fee 0
Deposit Fee 0 0
Inactivity Fee $10 a month after 12 months 0
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 1.3 1.6 pips
Stocks & ETF 0 0,1% – (min $5)
CFD (Gold) 31 3 pips
Crypto 0
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

5.0

4.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.8

3.8

See details
Minimum deposit (in UAE) $0 $5
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

1.8

2.8

See details
Shares 0 100
ETF & Funds 0 0
Crypto 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
Forex Instruments 68 55
CFD Indices & Funds 12 14
CFD Stocks 0 1286
CFD Commodities 35 14
CFD Crypto 0 5
CFD Bonds 3 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

3.6

5.0

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.5

4.5

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

OANDA vs. XM Comparison Conclusion

The results of our contrast of OANDA vs. XM are involved the table below.

Broker:Best For:
OANDAForex and CFDs
XMResearch & Education

Choosing the best selection in between OANDA and XM can be tough. Both online brokers have similarities but vary concerning trading tools, platforms & apps, guideline, down payment & withdrawals, and research and education. Choosing the best broker depends upon customers’ trading & investment objectives, private preferences, and experience degree.

To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.

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