OA

OANDA

8.6

Established broker with excellent research tools and no minimum deposit.

Winner: XM Group
VS
XM

XM Group

8.7

Excellent for beginners with generous bonuses and comprehensive education.

Quick Verdict

OANDA and XM Group are both top-tier forex brokers, but they cater to slightly different audiences.OANDA excels in platform variety and educational resources, while XM Group stands out for its competitive fee structure. For scalpers and algo traders, XM Group is the better choice. For traders who value platform flexibility, OANDA has the edge.

Full Comparison

FeatureOANDAXM Group
Min Deposit$0$5
Max Leverage1:2001:888
Spread From1.0 pips0.6 pips
PlatformsMT4, TradingView, OANDA TradeMT4, MT5
RegulatorsFCA, ASIC, IIROC, MASCySEC, ASIC, IFSC
Account TypesStandard, PremiumMicro, Standard, XM Ultra Low
Founded19962009
HeadquartersNew York, USALimassol, Cyprus
Overall Rating8.68.7

Score Breakdown

Fees

A
7.5
B
7.8

Platforms

8.5
8.0

Regulation

9.5
8.5

Support

8.5
9.0

Education

9.0
9.5

Execution

8.0
8.0
OANDA
XM Group

When to choose OANDA

  • No minimum deposit requirement
  • Excellent research and market analysis tools
  • Long track record since 1996

When to choose XM Group

  • Very low minimum deposit of $5
  • Extensive educational resources and webinars
  • Generous welcome bonus for new traders
Read full OANDA reviewRead full XM Group review

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