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XM Group vs OANDA 2023

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Written by ForexBrokers.com

December 27, 2022

Is XM Group better than OANDA? In our analysis of 23 international regulators across 62 of the best forex brokers, XM Group is considered low-risk, with an overall Trust Score of 90 out of 99. OANDA is considered low-risk, with an overall Trust Score of 92 out of 99. Learn more about Trust Score.

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Overall RatingXM GroupOANDA
Overall Rating 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4.5/5 Stars
Research 4.5/5 Stars 4.5/5 Stars
Education 4.5/5 Stars 4/5 Stars
Trust Score 90 92
Winner check_circle
Review XM Group Review OANDA Review
RegulationXM GroupOANDA
Trust Score 90 92
Year Founded 2009 1996
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union Yes Yes info
Tier-1 Licenses 2 6
Tier-2 Licenses 1 0
Tier-3 Licenses 1 1
Tier-1 Licenses (High Trust)XM GroupOANDA
ASIC Authorised (Australia) Yes Yes
IIROC Authorised (Canada) No Yes
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No Yes
MAS Authorised (Singapore) No Yes
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) Yes Yes
CFTC Registered (USA) Yes Yes
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)XM GroupOANDA
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes No
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust)XM GroupOANDA
SCB Authorised (Bahamas) No No
FSC Authorised (Belize) Yes No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No Yes
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsXM GroupOANDA
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 1372 124
Forex Pairs (Total) 57 71
U.S. Stock Trading (Non CFD) Yes No
Int'l Stock Trading (Non CFD) Yes No
Social Trading / Copy Trading Yes Yes
Cryptocurrency (Physical) No Yes
Cryptocurrency (CFD) Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CostXM GroupOANDA
Average Spread EUR/USD - Standard 1.6 info 1.26 info
All-in Cost EUR/USD - Active 0.8 info 1.26 info
Active Trader or VIP Discounts No Yes
Execution: Agency Broker No No
Execution: Market Maker Yes Yes
FundingXM GroupOANDA
Minimum Deposit $5 $0
PayPal (Deposit/Withdraw) No Yes
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsXM GroupOANDA
Proprietary Platform No Yes
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
Social Trading / Copy Trading Yes Yes
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) Yes Yes
cTrader No No
DupliTrade No No
ZuluTrade No Yes
Trading Platforms Gallery (click to expand)
XM Cyprus MT5 desktop trading platformzoom_in XM Cyprus MT5 desktop trading platform order windowzoom_in XM Cyprus MT5 desktop trading platform watchlistzoom_in
OANDA fxTrade desktop trading platformzoom_in OANDA fxTrade desktop trading platformzoom_in OANDA fxTrade web trading platformzoom_in OANDA fxTrade web trading platformzoom_in OANDA fxTrade desktop news headlineszoom_in OANDA fxTrade desktop Autochartist volatility analysiszoom_in OANDA fxTrade desktop Autochartistzoom_in OANDA fxTrade web trading platform position ratioszoom_in OANDA Market Pulse economic calendarzoom_in OANDA MT4 desktop trading platformzoom_in
Trading ToolsXM GroupOANDA
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 7 6
Charting - Indicators / Studies (Total) 30 81
Charting - Drawing Tools (Total) 15 431
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile TradingXM GroupOANDA
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing Yes No
Mobile Charting - Indicators / Studies 30 30
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave No Yes
Forex Calendar Yes Yes
Mobile Trading Gallery (click to expand)
XM MetaTrader 5 mobile trading appzoom_in XM MetaTrader 5 mobile trading app chartszoom_in XM MetaTrader 5 mobile trading app contract specificationszoom_in XM MetaTrader 5 mobile trading app economic calendarzoom_in XM MetaTrader 5 mobile trading app trade ticketzoom_in XM MetaTrader 5 mobile trading app watchlistzoom_in
OANDA fxTrade mobile trading app watchlistzoom_in OANDA fxTrade mobile trading app chartingzoom_in OANDA fxTrade mobile trading app watchlistzoom_in OANDA fxTrade mobile trading app settingszoom_in OANDA fxTrade mobile trading app news headlineszoom_in OANDA fxTrade mobile trading app economic calendarzoom_in OANDA MT4 trading app chartszoom_in OANDA MT4 trading app watchlistzoom_in OANDA MT4 trading app news headlineszoom_in
ResearchXM GroupOANDA
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes Yes
Autochartist Yes Yes
Trading Central (Recognia) Yes No
Social Sentiment - Currency Pairs Yes Yes
Economic Calendar Yes Yes
Research Gallery (click to expand)
XM global research web sentiment datazoom_in XM MT5 signals marketzoom_in XM research trading signals analyzerzoom_in XM research economic calendarszoom_in XM research articles market news and analysiszoom_in XM research articleszoom_in
OANDA Market Pulse news and researchzoom_in OANDA Market Pulse news research market insights podcastzoom_in OANDA Market Pulse news research market analysis YouTubezoom_in OANDA Market Pulse news research updateszoom_in
EducationXM GroupOANDA
Has Education - Forex or CFDs Yes Yes
Client Webinars Yes Yes
Client Webinars (Archived) No Yes
Videos - Beginner Trading Videos Yes Yes
Videos - Advanced Trading Videos Yes Yes
Investor Dictionary (Glossary) No Yes
Education Gallery (click to expand)
XM educational videos playlistzoom_in XM TV videoszoom_in XM research podcastzoom_in
OANDA YouTube channel videoszoom_in OANDA educational webinarszoom_in OANDA educational webinarszoom_in
Major Forex PairsXM GroupOANDA
GBP/USD Yes Yes
USD/JPY Yes Yes
EUR/USD Yes Yes
USD/CHF Yes Yes
USD/CAD Yes Yes
NZD/USD Yes Yes
AUD/USD Yes Yes
Review XM Group Review OANDA Review
OverallXM GroupOANDA
Overall Rating 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4.5/5 Stars
Research 4.5/5 Stars 4.5/5 Stars
Education 4.5/5 Stars 4/5 Stars
Trust Score 90 92
Winner check_circle
Review XM Group Review OANDA Review
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XM Group vs OANDA Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare XM Group vs OANDA.

Does XM Group or OANDA offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, XM Group offers better pricing overall for traders.

Is XM Group or OANDA safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. OANDA holds 6 global Tier-1 licenses, while XM Group holds 2. XM Group holds 1 global Tier-2 licenses, while OANDA holds 0. In our analysis of 23 international regulators across 50 brokers, OANDA earned a higher Trust Score than XM Group.

Which trading platform is better: XM Group or OANDA?

To compare the trading platforms of both XM Group and OANDA, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, OANDA offers a better experience. With research, OANDA offers superior market research. Finally, we found OANDA to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both XM Group and OANDA offer MetaTrader 4 (MT4).XM Group and OANDA both offer copy trading.

How many forex pairs and CFDs are available to trade?

OANDA provides traders 71 currency pairs (e.g., EUR/USD) compared to XM Group's 57 available pairs. Forex pairs aside, XM Group offers traders access to 1372 CFDs while OANDA has 124 available CFDs, a difference of 1248.

Can I trust XM Group?

XM Group is not publicly-traded and does not operate a bank. XM Group is authorised by three tier-1 regulators (high trust), two tier-2 regulator (average trust), and one tier-3 regulator (low trust). XM Group is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and, via its parent company's other brand Trading.com, with the Financial Conduct Authority (FCA).

Can I trust OANDA?

OANDA is not publicly traded and does not operate a bank. OANDA is authorised by six tier-1 regulators (high trust), zero tier-2 regulators (average trust), and one tier-3 regulators (low trust). OANDA is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Investment Industry Regulatory Organization of Canada (IIROC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Financial Conduct Authority (FCA), and the Commodity Futures Trading Commission (CFTC).

Is XM Group good?

XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.

Is OANDA good?

A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.

Overall winner: XM Group

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announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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