Page Summary
XM Group and Oanda are top online brokers with excellent services. XM is a MetaTrader broker with valuable tools and materials for beginners. It has licenses from the ASIC, FCA, IFSC, and CySEC. XM Provides leading educational content and market research. It is a top choice for beginner investors.
Oanda is a leading U.S. online broker with beginner-friendly tools and platforms. It has top-tier licenses from the FCA and CFTC. We recommend it for traders at all levels as its platforms are easy to learn.
This article discusses the advantages and disadvantages of XM Group and Oanda.
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XM
Oanda
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:888 | 1:50 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | $20 + Fee |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | 0 | $10 a month after 12 months |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 1.6 pips | 1.3 |
| Stocks & ETF | 0,1% – (min $5) | 0 |
| CFD (Gold) | 3 pips | 31 |
| Crypto | 0 | |
| Options | 0 | 0 |
| Conversion Fees | 0 | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $5 | $0 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 100 | 0 |
| ETF & Funds | 0 | 0 |
| Crypto | 0 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 0 |
| Futures | 0 | 0 |
| Bonds | 0 | 0 |
| Forex Instruments | 55 | 70 |
| CFD Indices & Funds | 14 | 12 |
| CFD Stocks | 1286 | 0 |
| CFD Commodities | 14 | 35 |
| CFD Crypto | 5 | 0 |
| CFD Bonds | 0 | 3 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
Top findings from the XM Group vs. Oanda review:
- XM is a beginner-friendly broker with a comprehensive learning center.
- Oanda is a leading U.S. broker with excellent research tools and learning materials.
- Both brokers offer a virtual trading account to test their offering.
XM is a popular online broker for non-US-based beginner investors. We recommend Oanda for new traders as it has powerful educational tools.
Level of experience
XM has access to the full MetaTrader suite. It offers trading support and a virtual trading account. XM is a good fit for traders at all levels who want to improve their trading knowledge.
Oanda offers a straightforward trading platform with user-friendly tools. It is a top choice for new investors because of its smooth trading experience. Oanda has a dedicated learning center with many useful tools.
Fees
Oanda does not charge a minimum deposit fee, while XM has an initial deposit fee between $5 and $100. Oanda offers an active trader discount.
Assets
Oanda has 71 forex currency pairs, while XM has 57 available pairs. XM provides access to 1372 CFDs, while Oanda has 124 available CFDs.
Trading platform
XM has the M4 and M5 suites, but it doesn’t offer a proprietary platform. The MetaTrader suites are highly customizable and easy to use. XM has a reliable research center with articles and trading signals.
Oanda has beginner-friendly platforms and tools. It provides useful technical indicators and a flexible API. This broker is a top choice for new traders, as it has one of the best learning centers in the industry.
Banking services
Banking services represent important benefits for an excellent trading experience. Oanda has many funding solutions, including bank transfers, credit/debit cards, PayPal, and Skrill. XM offers bank transfers, credit/debit cards, and Skrill.
Final verdict
XM Group and Oanda are top online brokers with beginner-friendly services. Both brokers have advantages and disadvantages depending on your location and trading skills. We recommend XM and Oanda for traders at all levels who want to improve their trading knowledge and skills.
XM compared to other brokers:
XM review