10 minute read
Exness vs Oanda: A Comprehensive Comparison for Traders
from Exness
by Exness_Blog
The forex market, with its daily trading volume exceeding $7.6 trillion, is a dynamic and highly competitive space. Choosing the right forex broker is critical for traders, whether you're a beginner dipping your toes into currency trading or a seasoned professional executing high-volume trades. Two prominent names in the industry, Exness vs OANDA, consistently rank among the top brokers due to their robust platforms, competitive trading conditions, and strong regulatory oversight. But which one is better suited to your trading needs in 2025?
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In this comprehensive comparison, we’ll dive deep into Exness vs OANDA, analyzing their features, fees, platforms, regulation, and more. By the end, you’ll have a clear understanding of their strengths and weaknesses to make an informed decision.
Overview of Exness vs OANDA
Exness: A Global Powerhouse
Founded in 2008, Exness has quickly risen to prominence in the forex industry. Headquartered in Cyprus, it operates under the regulation of top-tier authorities like the Financial Conduct Authority (FCA) in the UK, Cyprus Securities and Exchange Commission (CySEC), and the Financial Sector Conduct Authority (FSCA) in South Africa. Exness is known for its high trading volume, with a reported monthly turnover of over $325 billion, making it a favorite among high-frequency traders and scalpers.
Exness offers a wide range of financial instruments, including forex, commodities, cryptocurrencies, and indices. Its user-friendly platforms, competitive spreads, and flexible leverage options (up to 1:2000 in some regions) appeal to both beginners and professionals.
OANDA: A Pioneer in Forex Trading
Established in 1996, OANDA is one of the oldest and most respected names in the forex industry. Headquartered in the USA, OANDA operates globally with offices in London, Singapore, Tokyo, and Sydney. It is regulated by multiple authorities, including the Commodity Futures Trading Commission (CFTC), FCA, and the Australian Securities and Investments Commission (ASIC). OANDA is renowned for its transparency, innovative tools like the fxTrade platform, and its historical contribution to the industry, such as releasing the Forex Trader’s Bill of Rights.
OANDA supports trading in forex, indices, commodities, and cryptocurrencies, with a focus on providing advanced analytics and educational resources for traders of all levels.
1. Regulation and Security
Both Exness vs OANDA prioritize trader safety through stringent regulatory oversight.
· Exness: Regulated by the FCA, CySEC, FSCA, and other authorities, Exness adheres to strict financial standards. It offers negative balance protection, ensuring traders don’t lose more than their account balance. Client funds are held in segregated accounts, and Exness employs SSL encryption to protect sensitive data. Its broader range of licenses across multiple jurisdictions makes it a reliable choice for international traders.
· OANDA: OANDA is regulated by seven Tier-1 authorities, including the CFTC, FCA, and ASIC. With a Trust Score of 93/99 according to ForexBrokers.com, OANDA is considered highly trustworthy. It also provides negative balance protection and uses advanced encryption protocols. OANDA’s long-standing reputation and transparency further enhance its credibility.
Verdict: Both brokers are highly regulated and secure. Exness has a slight edge for international traders due to its extensive global licensing, while OANDA’s strong Tier-1 regulation appeals to those prioritizing trust in major markets like the US and UK.
2. Account Types and Minimum Deposits
The accessibility of a broker often depends on its account types and minimum deposit requirements.
· Exness:
· Standard Account: Ideal for beginners, with no minimum deposit for standard accounts in some regions. Spreads start at 0.3 pips.
· Pro Account: Designed for experienced traders, requiring a $200 minimum deposit. Offers tighter spreads and faster execution.
· Raw Spread and Zero Accounts: Aimed at professionals, these accounts feature spreads from 0.0 pips with a commission per trade. Minimum deposit is $200.
· Exness’s low or no minimum deposit requirement makes it highly accessible for new traders.
· OANDA:
· Standard Account: No minimum deposit, making it beginner-friendly. Spreads start at 1.0 pip with no commission.
· Premium Account: Requires a higher deposit (unspecified, varies by region) and offers lower spreads and advanced tools.
· OANDA does not offer specialized accounts for ECN or zero-spread trading, which may limit options for advanced traders.
Verdict: Exness offers more account variety, catering to both beginners and professionals. OANDA’s no-minimum-deposit Standard Account is great for new traders, but its lack of specialized accounts may disappoint seasoned traders.
3. Trading Platforms
The trading platform is the backbone of your trading experience.
· Exness:
· Supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), industry-standard platforms known for their robust charting, automation, and customization.
· Offers a Web Terminal and Mobile App for trading on the go.
· Includes social trading features, allowing users to copy trades from experienced traders.
· Exness’s platforms are highly customizable, supporting Expert Advisors (EAs) and algorithmic trading.
· OANDA:
· Provides its proprietary fxTrade platform, known for its speed, reliability, and advanced analytics.
· Supports MetaTrader 4 and MetaTrader 5, as well as integration with TradingView for enhanced charting.
· Offers a mobile app and desktop platform with real-time data and customizable layouts.
· OANDA’s MarketPulse tool provides in-depth market analysis and trading signals.
Verdict: Exness is better for traders who prefer the familiarity and versatility of MT4/MT5, especially for automated trading. OANDA stands out with its proprietary fxTrade platform and TradingView integration, appealing to those who value advanced analytics.
4. Spreads and Fees
Trading costs can significantly impact profitability.
· Exness:
· Offers variable spreads, starting at 0.3 pips for Standard Accounts and 0.0 pips for Raw Spread/Zero Accounts.
· Charges commissions on Raw Spread ($3.5 per lot per side) and Zero Accounts (from $0.2 per lot per side).
· No deposit or withdrawal fees in most cases, though third-party payment providers may charge.
· Known for transparency with no hidden fees.
· OANDA:
· Provides fixed spreads on its Standard Account, starting at 1.0 pip, which may be higher than variable spreads during low volatility.
· No commissions on Standard Accounts, but Premium Accounts may incur lower spreads with additional costs.
· Charges withdrawal fees for bank transfers and an inactivity fee of $15 per month after 12 months of inactivity.
· Spreads are competitive but slightly higher than Exness for major pairs like EUR/USD.
Verdict: Exness has an edge with lower spreads and no withdrawal fees, making it more cost-effective for active traders. OANDA’s fixed spreads are predictable but may be less competitive during volatile market conditions.
5. Leverage and Margin Requirements
Leverage amplifies both profits and risks, so broker policies matter.
· Exness:
· Offers flexible leverage up to 1:2000 (or unlimited in some regions, subject to conditions) for non-EU clients.
· EU clients are restricted to 1:30 due to regulatory limits.
· Provides clear margin requirements and stop-out levels to help traders manage risk.
· OANDA:
· Maximum leverage is 1:50 in the US and 1:30 in the EU, aligning with regulatory restrictions.
· Offers customizable margin settings but is more conservative compared to Exness.
· Suitable for traders who prefer lower-risk leverage options.
Verdict: Exness is ideal for traders seeking high leverage to maximize position sizes, while OANDA’s conservative leverage suits risk-averse traders.
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6. Trading Instruments
A diverse range of instruments allows traders to explore multiple markets.
· Exness:
· Over 230 tradable instruments, including forex, CFDs, cryptocurrencies, stocks, indices, metals, energies, and commodities.
· Strong focus on forex with a wide range of major, minor, and exotic pairs.
· Cryptocurrency trading includes popular assets like Bitcoin and Ethereum.
· OANDA:
· Offers over 3,000 instruments, including forex, CFDs, indices, commodities, cryptocurrencies, and ETFs.
· Provides access to 68 forex pairs and unique features like spread betting (in the UK and Ireland).
· Slightly broader instrument range compared to Exness.
Verdict: OANDA offers a wider range of instruments, making it better for diversified trading. Exness is still robust but focuses more on forex and CFDs.
7. Customer Support
Reliable support is crucial for resolving issues quickly.
· Exness:
· Offers 24/7 customer support via live chat, email, and phone in multiple languages.
· Known for fast response times and helpful assistance, as evidenced by user reviews.
· Provides dedicated account managers for Pro and premium clients.
· OANDA:
· Provides 24/5 support via live chat, email, and phone, with multilingual options.
· Highly rated for professionalism and responsiveness.
· Premium Account holders receive priority support and advanced resources.
Verdict: Exness has a slight advantage with 24/7 support, while OANDA’s 24/5 support is still reliable but limited to market hours.
8. Educational Resources
Education is vital for beginners and those looking to refine their strategies.
· Exness:
· Offers a range of resources, including webinars, tutorials, and market analysis.
· Focuses on practical trading guides and risk management strategies.
· Less extensive compared to OANDA but sufficient for most traders.
· OANDA:
· Provides a comprehensive library of educational content, including videos, articles, webinars, and a searchable investor dictionary.
· Offers MarketPulse, a tool for real-time market insights and trading signals.
· Strong focus on beginner-friendly content and advanced strategies.
Verdict: OANDA excels in educational resources, making it ideal for beginners and learners. Exness provides solid content but is less comprehensive.
9. Deposit and Withdrawal Options
Ease of funding and withdrawing is a key consideration.
· Exness:
· Supports multiple methods, including bank transfers, credit/debit cards, e-wallets (Skrill, Neteller), and cryptocurrencies.
· Instant deposits and withdrawals in most cases, with no fees from Exness.
· Highly flexible for international traders.
· OANDA:
· Offers bank transfers, credit/debit cards, and e-wallets like PayPal (in some regions).
· Charges withdrawal fees for bank transfers, which can add up.
· Processing times are competitive but slower than Exness for withdrawals.
Verdict: Exness is superior for its fee-free, instant deposit and withdrawal options, especially for global traders.
10. User Experience and Suitability
The overall experience depends on your trading goals and experience level.
· Exness:
· Beginner-friendly due to low/no minimum deposits, flexible leverage, and simple account setup.
· Appeals to scalpers and high-frequency traders with tight spreads and fast execution.
· Ideal for international traders seeking high leverage and diverse account types.
· OANDA:
· Beginner-friendly with no minimum deposit and extensive educational resources.
· Suits traders who value transparency, fixed spreads, and advanced analytics.
· Best for those in regulated markets like the US, UK, or Australia.
Verdict: Exness is better for active traders and those seeking flexibility, while OANDA is ideal for beginners and analytics-driven traders.
Pros and Cons Summary
Exness
Pros:
· Low or no minimum deposit for Standard Accounts.
· Tight spreads starting at 0.0 pips for premium accounts.
· High leverage up to 1:2000 (non-EU).
· Instant deposits and withdrawals with no fees.
· 24/7 customer support.
· Wide range of account types for all trader levels.
Cons:
· Limited educational resources compared to OANDA.
· High leverage may be risky for inexperienced traders.
· No proprietary platform; relies on MT4/MT5.
OANDA
Pros:
· No minimum deposit for Standard Accounts.
· Comprehensive educational resources and MarketPulse analytics.
· Proprietary fxTrade platform and TradingView integration.
· Strong regulatory oversight with a high Trust Score.
· Transparent pricing and fixed spreads.
Cons:
· Higher spreads compared to Exness.
· Withdrawal fees for bank transfers.
· Limited account variety for advanced traders.
· 24/5 support instead of 24/7.
Which Broker Should You Choose?
The choice between Exness vs OANDA depends on your trading style, experience level, and priorities:
· Choose Exness if:
· You’re an active trader or scalper looking for tight spreads and low fees.
· You want high leverage and flexible account options.
· You prefer instant, fee-free deposits and withdrawals.
· You’re comfortable with MT4/MT5 and don’t need a proprietary platform.
· Choose OANDA if:
· You’re a beginner or value extensive educational resources.
· You prefer fixed spreads and advanced analytics tools like MarketPulse.
· You prioritize strong regulation in markets like the US or UK.
· You want a proprietary platform with TradingView integration.
Conclusion
Both Exness vs OANDA are exceptional forex brokers with distinct strengths. Exness shines with its low-cost trading, high leverage, and flexibility, making it a top choice for active traders and those in emerging markets. OANDA, with its robust educational resources, proprietary platform, and strong regulatory framework, is ideal for beginners and analytics-driven traders in regulated jurisdictions.
Before deciding, consider opening a demo account with both brokers to test their platforms, spreads, and execution speeds. This hands-on approach will help you determine which broker aligns best with your trading goals in 2025.
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