7 minute read
Exness vs Oanda: Which Broker Is Better?
from Exness
by Exness Blog
Choosing between Exness vs OANDA can feel like picking between two top-tier restaurants—you know both are good, but which one suits your taste? If you’re a forex trader in 2025, this question matters. Both Exness and OANDA are heavyweights in the forex world, but they cater to slightly different needs.
Exness shines with ultra-tight spreads, high leverage, and 24/7 crypto trading, while OANDA is a go-to for US traders and those who value a trusted, transparent platform. So, which one’s better for you?
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Why This Comparison Matters
The forex market is massive—over $7.6 trillion in daily trading volume—and your broker is your gateway to it. A good broker can make or break your trading experience, impacting everything from costs to execution speed.
Exness and OANDA are both globally respected, but they differ in fees, platforms, leverage, and more. Whether you’re a newbie testing the waters or a pro scalping the markets, this guide will compare them across key factors to help you pick the right one.
Quick Overview: Exness vs OANDA
Before diving deep, here’s a snapshot:
Exness: Founded in 2008, known for low spreads (as low as 0.0 pips on Raw/Zero accounts), high leverage (up to 1:2000), and instant withdrawals. It’s ideal for traders who want flexibility and multi-asset trading, including 24/7 crypto CFDs. Regulated by FCA, CySEC, and others.
OANDA: Established in 1996, OANDA is a veteran with a strong US presence and a reputation for transparency. It offers fixed spreads, a proprietary platform, and is regulated by top-tier bodies like CFTC, FCA, and ASIC. Best for beginners and US-based traders.
Now, let’s dig into the details.
1. Trading Costs: Spreads and Fees
Trading costs are where the rubber meets the road. Every pip counts, especially if you’re an active trader.
Exness: Exness is a cost-saver’s dream. Its Raw Spread and Zero accounts offer spreads starting at 0.0 pips, though you’ll pay a commission (up to $3.50 per lot per side on Zero accounts). Standard accounts have no commission and spreads from 0.3 pips. No withdrawal fees and instant withdrawals make it even sweeter. For high-volume traders, Exness often comes out cheaper.
OANDA: OANDA uses fixed spreads, which start at 1.0 pip on its Standard account (no commission). Its Premium account offers lower spreads but requires a higher deposit. OANDA’s spreads are predictable, which is great during volatile markets, but they’re generally higher than Exness’s variable spreads. Bank withdrawals may incur fees, and swaps can be pricey.
Verdict: Exness wins for active traders who prioritize low spreads and no withdrawal fees. OANDA’s fixed spreads suit those who prefer cost predictability, especially beginners.
2. Trading Platforms: Flexibility vs Simplicity
Your trading platform is your toolbox. A clunky one can ruin your day, while a smooth one makes trading a breeze.
Exness: Offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTerminal, and its proprietary Exness Trade app. MT5 support is a big plus for advanced traders who want multi-asset trading and modern features. Exness is also great for automated trading (EAs) and scalping, with fast execution and minimal slippage (less than 1% slippage rate).
OANDA: Provides MT4, MT5, its proprietary fxTrade platform, and TradingView integration. The fxTrade platform is intuitive and beginner-friendly, with advanced charting tools. However, OANDA lacks MT5 in some regions, which could limit options for pros. Its mobile app is solid, with lot size calculators and trailing stops.
Verdict: Exness edges out for platform variety, especially with MT5 and its own app. OANDA’s fxTrade and TradingView are great for beginners and those who want a polished, user-friendly experience.
3. Leverage: High Risk, High Reward
Leverage can amplify your profits—or losses. Your choice depends on your risk tolerance and location.
Exness: Offers jaw-dropping leverage up to 1:2000 (or unlimited in some regions) for non-EU clients. EU traders are capped at 1:30 due to regulations. This high leverage is a magnet for experienced traders looking to maximize position sizes, but it’s risky. Exness also provides clear margin requirements to manage risk.
OANDA: More conservative, with leverage up to 1:200 globally, 1:50 in the US, and 1:30 in the EU. It’s safer for risk-averse traders but less flexible for those chasing big moves.
Verdict: Exness is the clear winner for traders seeking high leverage, but OANDA’s lower caps are better for cautious traders or those in regulated markets like the US.
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4. Asset Variety: Diversifying Your Portfolio
A diverse range of assets lets you spread your risk and seize opportunities across markets.
Exness: Boasts over 230 tradable instruments, including forex, CFDs, stocks, indices, metals, energies, and cryptocurrencies (available 24/7). This makes it a one-stop shop for traders who want to explore beyond forex.
OANDA: Offers over 3,000 instruments, including 68 forex pairs, CFDs, stocks, indices, commodities, and cryptocurrencies (via Paxos for non-US clients). While its forex pair selection is strong, US clients are limited to forex and crypto derivatives, not direct stock trading.
Verdict: Exness takes the lead for its broader asset range, especially for non-US traders. OANDA’s variety is impressive but less flexible for US clients.
5. Regulation and Safety: Can You Trust Them?
Trust is non-negotiable. Both brokers are well-regulated, but their strengths differ.
Exness: Regulated by FCA (UK), CySEC (Cyprus), FSA (Seychelles), and others. It serves over 800,000 clients and has a monthly trading turnover of $325.8 billion. Client funds are kept in segregated accounts, and negative balance protection ensures you don’t lose more than your deposit.
OANDA: Regulated by seven Tier-1 authorities, including CFTC (US), FCA (UK), and ASIC (Australia). With a Trust Score of 93/99 (ForexBrokers.com), OANDA is a gold standard for reliability. It also offers negative balance protection and advanced encryption.
Verdict: Both are highly trustworthy. OANDA’s Tier-1 regulation gives it a slight edge for US and UK traders, while Exness’s global licensing suits international traders.
6. Account Types and Accessibility
Your trading style and budget influence which account types work best.
Exness: Offers Standard (no minimum deposit in some regions, spreads from 0.3 pips), Pro ($200 minimum, tighter spreads), Raw Spread, and Zero accounts (both $200 minimum, spreads from 0.0 pips with commissions). The low entry barrier makes it beginner-friendly.
OANDA: Provides Standard (no minimum deposit, spreads from 1.0 pip) and Premium accounts (higher deposit, lower spreads). It lacks specialized ECN or zero-spread accounts, which may disappoint pros.
Verdict: Exness offers more account variety, especially for advanced traders. OANDA’s no-minimum-deposit Standard account is great for beginners.
7. Customer Support and Education
Good support and resources can save you when you’re stuck or learning the ropes.
Exness: Offers 24/7 support in 16 languages via chat, email, and phone. Its educational resources are limited to a Help Center, lacking webinars or in-depth guides.
OANDA: Provides robust support and a wealth of educational content, including webinars, videos, and live market analysis. Its analytics tools, like MarketPulse, are top-notch for beginners and pros alike.
Verdict: OANDA wins for education and analytics, while Exness is solid for round-the-clock support.
Who Should Choose Exness?
Exness is your pick if you:
Want ultra-low spreads (0.0 pips on Raw/Zero accounts).
Need high leverage (up to 1:2000).
Trade multiple assets, including 24/7 crypto CFDs.
Value instant withdrawals and no withdrawal fees.
Prefer MT4/MT5 for automated trading or scalping.
Best for: Scalpers, high-volume traders, and non-US traders seeking flexibility.
Who Should Choose OANDA?
OANDA is the better choice if you:
Are a US trader or prioritize Tier-1 regulation.
Prefer fixed spreads for cost predictability.
Want a beginner-friendly platform with strong educational resources.
Value TradingView integration and advanced analytics.
Best for: Beginners, US-based traders, and those who prioritize trust and simplicity.
Final Thoughts
So, Exness or OANDA? It depends on your trading style. Exness is a powerhouse for cost-conscious, high-leverage traders who want access to diverse assets and fast withdrawals. OANDA, with its rock-solid reputation and user-friendly platform, is perfect for beginners or US traders who value transparency and predictable costs. Both are reliable, regulated, and packed with features, but Exness leans toward flexibility, while OANDA prioritizes trust and ease of use.
Before you decide, test both with demo accounts to see which feels right. Your trading goals—whether it’s scalping with tight spreads or learning the ropes with solid resources—will guide your choice. Got a specific trading style or question about these brokers? Drop a comment below, and let’s keep the conversation going!
✅ Trade with Exness now: Open An Account or Visit Brokers 👈
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