Scores, winners and data below compare these brokers as CFD/FX brokers (leveraged trading on forex, indices, commodities and crypto), using the data of Oanda's Poland entity and XM's Cyprus entity. Scores, winners and data below compare these brokers as stock brokers (real shares and ETFs you own outright), using the data of Oanda's Poland entity and XM's Cyprus entity.
Oanda
76.6% of retail investor accounts lose money when trading CFDs with this provider.
XM
75.12% of retail investor accounts lose money when trading CFDs with this provider.
Best for
What we compare A comparison of the kinds of traders Oanda and XM are best suited to, based on what each one actually offers in .Oanda is better than XM for long-term investors, professional traders and crypto traders. Both are a good fit for scalpers, swing traders and news traders.
| Overall score | Oanda 82 77 | XM 79 -3 not offered |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise Oanda and the ones that supervise XM.Oanda and XM are both regulated by top-tier authorities, Oanda by KNF, ASIC (Australia) and the CFTC (United States) and XM by CySEC.
| Section score | Oanda 100 Best 100 | XM 90 -10 not offered |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | KNF (Poland) | CySEC (Cyprus) |
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that Oanda and XM have in place to protect your money in .Oanda and XM both offer segregated client funds and an investor compensation scheme.
| Section score | Oanda 79 79 | XM 78 -1 not offered |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 1996 | 2009 |
| Parent company i | OANDA Group | Trading Point Holdings |
| CEO i | Gavin Bambury | Tasos Anastasiou |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | mBank | N/A |
| Brand power | ||
| Number of customers worldwide i | 20,000,000 | |
| Annual revenue i | USD 16,900,000 | USD 1,000,000,000 |
| Monthly website search traffic i | ||
Costs
What we compare A comparison of what it costs to trade with Oanda and with XM in , both on each trade and on holding the account.Oanda is better than XM for CFD/FX costs, as Oanda is cheaper on EUR/USD, at 5.85 USD per lot (against XM's 10 USD). Neither Oanda nor XM charges account maintenance fees or deposit fees.
XM does not offer real stocks, being a CFD broker, so Oanda and XM cannot be compared for real stock costs.
| Section score | Oanda 72 Best 67 | XM 57 -15 not offered |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | FreeAbout this value. This is the forex commission per lot at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: Free (Canada, the UK, other accepted countries, Japan), USD 3 (Australia). | USD 7 |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | USD 5.85 | USD 10 |
| S&P 500 fees (CFD) i | 0.7 points | 0.6 points |
| Gold fees (CFD) i | 0.56 points | 0.3 points |
| Bitcoin fees (CFD) i | USD 62.1 | |
| US stocks fees (CFD) i | USD 0.06 | Free |
| Fees on stocks | ||
| Stock fee type i | Percentage, Free | Spread |
| US stocks fees (real) i | Free | |
| ETF fees (real) i | USD 2 | |
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | ||
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | ||
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with Oanda and with XM in , and of how many instruments each one gives access to.Oanda is better than XM for CFD/FX markets, as Oanda offers CFDs on crypto, which XM does not, gives access to 1,500 tradable symbols (against XM's 1,400), and lets you own stocks and ETFs outright, which XM does not. Both Oanda and XM offer CFDs on commodities, forex, indices and stocks.
Oanda and XM cannot be set side by side for real stock markets, as XM is a CFD broker and does not offer real stocks, unlike Oanda.
| Section score | Oanda 100 Best 60 | XM 75 -25 not offered |
|---|---|---|
| Total tradable symbols i | 1,500 | 1,400 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, Forex, Indices, Stocks | Commodities, ETF, Forex, Indices, Stocks |
| Futures i | Crypto, Forex | |
| Options i | ||
| Assets you can own i | Stocks, ETF |
Platform
What we compare A comparison of the trading platforms that Oanda and XM make available to their clients in .Oanda is better than XM for platforms, as Oanda offers a proprietary platform, TradingView and AutoChartist, which XM does not. Oanda and XM both offer MetaTrader 5 and MetaTrader 4.
Oanda and XM cannot be set side by side for platforms, as XM is a CFD broker and does not offer real stocks, unlike Oanda.
| Section score | Oanda 91 Best 91 | XM 63 -28 not offered |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of Oanda and XM in , and of what each one lets you do from your phone.Oanda and XM are equally good for mobile trading, as both offer a proprietary mobile app and the MetaTrader 5 app.
Oanda and XM cannot be compared for mobile trading, because Oanda is a broker offering both CFDs and stocks while XM is a CFD broker.
| Section score | Oanda 86 86 | XM 86 not offered |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that Oanda and XM allow on their platforms in .XM is better than Oanda for CFD/FX trading features, since XM allows for high-frequency trading. Oanda and XM both offer negative balance protection and trailing stops.
Only Oanda can be assessed for real stock trading features, since XM is a CFD broker and does not offer real stocks.
| Section score | Oanda 83 -4 77 | XM 87 Best not offered |
|---|---|---|
| Trade execution | ||
| Broker type i | Agency | Agency |
| Average execution time i | 66 ms | |
| Slippage occurrence i | ||
| Requotes occurrence i | 0% | |
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1About this value. This is the major fx pairs leverage at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: 50:1 (Canada), 30:1 (Australia, the UK), 888:1 (other accepted countries), 25:1 (Japan). | 30:1About this value. This is the major fx pairs leverage at Trading Point of Financial Instruments Ltd (CySEC). At XM's other companies: 400:1 (Kenya), 30:1 (the UAE), 1000:1 (other accepted countries, South Africa). |
| Minor/Exotic FX pairs leverage i | 20:1About this value. This is the minor/exotic fx pairs leverage at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: 33:1 (Canada), 20:1 (Australia, the UK), 888:1 (other accepted countries), 25:1 (Japan). | 20:1About this value. This is the minor/exotic fx pairs leverage at Trading Point of Financial Instruments Ltd (CySEC). At XM's other companies: 400:1 (Kenya), 20:1 (the UAE), 1000:1 (other accepted countries, South Africa). |
| Major indices leverage i | 20:1About this value. This is the major indices leverage at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: 10:1 (Canada, Japan), 20:1 (Australia, the UK), 888:1 (other accepted countries). | 20:1About this value. This is the major indices leverage at Trading Point of Financial Instruments Ltd (CySEC). At XM's other companies: 400:1 (Kenya), 20:1 (the UAE), 500:1 (other accepted countries, South Africa). |
| Minor indices leverage i | 10:1About this value. This is the minor indices leverage at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: 10:1 (Canada, Australia, the UK, Japan), 200:1 (other accepted countries). | 10:1About this value. This is the minor indices leverage at Trading Point of Financial Instruments Ltd (CySEC). At XM's other companies: 250:1 (Kenya, other accepted countries, South Africa), 10:1 (the UAE). |
| Gold leverage i | 20:1About this value. This is the gold leverage at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: 5:1 (Canada), 20:1 (Australia, the UK, Japan), 888:1 (other accepted countries). | 20:1About this value. This is the gold leverage at Trading Point of Financial Instruments Ltd (CySEC). At XM's other companies: 400:1 (Kenya), 20:1 (the UAE), 1000:1 (other accepted countries, South Africa). |
| Commodities leverage i | 10:1About this value. This is the commodities leverage at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: 17:1 (Canada), 10:1 (Australia, the UK), 100:1 (other accepted countries), 20:1 (Japan). | 10:1About this value. This is the commodities leverage at Trading Point of Financial Instruments Ltd (CySEC). At XM's other companies: 400:1 (Kenya, other accepted countries, South Africa), 10:1 (the UAE). |
| Equities leverage i | 5:1About this value. This is the equities leverage at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: 5:1 (Australia, the UK), 20:1 (other accepted countries). | 5:1About this value. This is the equities leverage at Trading Point of Financial Instruments Ltd (CySEC). At XM's other companies: 20:1 (Kenya, other accepted countries, South Africa), 5:1 (the UAE). |
| Cryptocurrency leverage i | 2:1About this value. This is the cryptocurrency leverage at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: 2:1 (Australia), 10:1 (other accepted countries). | 2:1About this value. This is the cryptocurrency leverage at Trading Point of Financial Instruments Ltd (CySEC). At XM's other companies: 2:1 (the UAE), 1000:1 (other accepted countries, South Africa). |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | USD 0 | USD 0 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at Oanda and at XM in , and of who each one is meant for.XM is better than Oanda for CFD/FX account types, given that XM offers a managed account, an Islamic account and a micro account, which Oanda does not. Both Oanda and XM offer a demo account and a corporate account.
Oanda and XM cannot be compared for real stock account types, because Oanda is a broker offering both CFDs and stocks while XM is a CFD broker.
| Section score | Oanda 53 -11 50 | XM 64 Best not offered |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with Oanda and with XM in .XM is better than Oanda for account opening, since XM offers 10 account base currencies (against Oanda's 1), supports e-wallets, which Oanda does not, and credits deposits faster, within the same day (against Oanda's 2 days). That said, Oanda asks for no minimum deposit at all (against XM's 5 USD).
There is no like-for-like comparison for account opening, as XM is a CFD broker and does not offer real stocks.
| Section score | Oanda 65 -25 65 | XM 90 Best not offered |
|---|---|---|
| Minimum deposit i | USD 0 | USD 5 |
| Minimum withdrawal i | USD 0 | USD 5 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | Neteller, Skrill | |
| Local payment methods i | ||
| Account base currencies i | USDAbout this value. This is the account base currencies at OANDA TMS Brokers S.A. (KNF). It is different at Oanda's companies in Australia. | AUD, CHF, EUR, GBP, HUF, PLN, RUB, SGD, USD, ZAR |
| Deposit waiting time i | up to 2 business days | Instant |
| Withdrawal waiting time i | up to 2 business days | up to 1 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of Oanda and XM in , in how it can be reached and how fast it answers.XM is better than Oanda for customer care, since XM offers customer support in 20 languages (against Oanda's 5), has a website in 19 languages (against Oanda's 7), and offers a dedicated account manager, which Oanda does not. Both Oanda and XM offer phone support and live chat.
Only Oanda can be assessed for customer care, since XM is a CFD broker and does not offer real stocks.
| Section score | Oanda 46 -32 46 | XM 78 Best not offered |
|---|---|---|
| Number of languages supported i | 7 | 20 |
| Website languages i | German, English, French, Italian, Russian, Spanish, Chinese | Arabic, Czech, German, Greek, English, French, Hungarian, Indonesian, Italian, Korean, Malay, Polish, Portuguese, Russian, Spanish, Tagalog, Thai, Vietnamese, Chinese |
| Website available in English i | ||
| Customer support languages i | German, English, Russian, Spanish, Chinese | Arabic, Czech, German, Greek, English, French, Hindi, Hungarian, Indonesian, Italian, Korean, Malay, Polish, Portuguese, Russian, Spanish, Tagalog, Thai, Vietnamese, Chinese |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that Oanda and XM provide to their clients in .XM is better than Oanda for learning, as XM offers daily market commentary, which Oanda does not. Both Oanda and XM offer education for advanced traders and webinars.
XM does not offer real stocks, being a CFD broker, so Oanda and XM cannot be compared for learning.
| Section score | Oanda 80 -8 80 | XM 88 Best not offered |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
Oanda vs XM: which one should you choose?
Oanda
CFD/FX Choose Oanda if you want an online CFD broker with low trading costs and TradingView.
Stocks Choose Oanda if you want a broker for securities investing with commission-free US stocks and retirement accounts.
Open Account 76.6% of retail investor accounts lose money when trading CFDs with this provider.
XM
CFD/FX Choose XM if you want a CFD and forex broker with ETFs and copy trading.
Open Account 75.12% of retail investor accounts lose money when trading CFDs with this provider.Other popular comparisons
Below are other head-to-head comparisons that include Oanda or XM, each scored with the same data and method as this page.
