Oanda vs Exness

vs
OANDA vs Exness Comparison Table 2024
OANDA Exness
4.3
4.6
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

OANDA is an award-winning global broker, established in 1996. The hugely respected brand offers competitive trading accounts and serves clients from 196 countries. It remains a popular option with both beginners and experienced traders thanks to its user-friendly and sophisticated web platform, no minimum deposit and premium currency products and services. The company is also overseen by reputable regulators, including the FCA, ASIC and CIRO.

Established in 2008, Exness has maintained its position as a highly respected broker, standing out with its industry-leading range of 40+ account currencies, growing selection of CFD instruments, and intuitive web platform complete with useful extras like currency convertors and trading calculators.

Customer Reviews
4
4
Comment by Reviewer
"OANDA will serve day traders looking for a trustworthy broker with a beginner-friendly platform, superb research and straightforward account opening. The $0 minimum deposit and excellent customer support makes it especially attractive to newer traders." "After slashing its spreads, improving its execution speeds and support trading on over 100 currency pairs with more than 40 account currencies to choose from, Exness is a fantastic option for active forex traders looking to minimize trading costs."
Pros
  • The OANDA Trade web platform serves serious day traders, with 100+ technical indicators, an economic overlay and a Dow Jones news feed
  • OANDA recently improved its prop trading service, OANDA Labs Prop Trader, offering an 80% profit share to skilled traders
  • The guaranteed stop loss order (GSLO) is a useful risk management tool not available at many alternatives
  • There are no restrictions on short-term trading strategies with scalping, hedging and netting permitted
  • OANDA has enhanced its suite of stocks, now providing exposure to over 2,200 US and European shares
  • With 68 forex pairs and access to a premium MT4 upgrade, the broker will serve active forex traders
  • Oversight from tier-one regulators like the FCA and ASIC makes the broker reliable and trustworthy
  • The $0 minimum deposit will appeal to newer traders
  • Spreads are tight and there are zero hidden fees
  • Highly competitive spreads, reduced for USOIL and BTCUSD in 2024, are available from 0 pips with low commissions from $2 per side.
  • Excellent range of account types for all experience levels, including Cent, Pro plus the introduction of Raw Spread, ideal for day traders.
  • Exness was the first brokerage to pass the $1 trillion and $2 trillion marks in monthly trading volumes, highlighting its legitimacy.
  • Fast and dependable 24/7 multilingual customer support via telephone, email and live chat based on hands-on tests.
  • Exness Terminal offers a streamlined experience for beginners with dynamic charts while setting up watchlists is a breeze.
  • Improved execution speeds, now averaging under 25ms, offer optimal conditions for short-term traders.
Cons
  • The range of payment methods trail competitors, only offering a handful vs the 10+ available at alternatives like AvaTrade
  • It's a shame that social and copy trading tools aren't supported for traders who want to explore other ways to trade
  • High-volume day traders get limited fee rebates or perks compared to leading brands
  • Weekend customer support and extended hours trading aren't available
  • Retail trading services are unavailable in certain jurisdictions, such as the US and the UK, limiting accessibility compared to top-tier brokers like Interactive Brokers.
  • MetaTrader 4 and 5 are supported, but TradingView and cTrader still aren’t despite rising demand from active traders and integration at alternatives like Pepperstone.
  • Apart from a mediocre blog, educational resources are woeful, especially compared to category leaders like IG which provide a more complete trading journey for newer traders.
  • Exness has expanded its range of CFDs and added a copy trading feature, but there are still no real assets such as ETFs, cryptocurrencies or bonds
Awards
  • Best Trading Tools winner 2021 - Online Personal Wealth Awards
  • Awarded highest overall client satisfaction 2021 - Investment Trends US Leverage Trading Report, Margin Forex
  • Awarded highest client satisfaction for mobile platform/app 2021 - Investment Trends US Leverage Trading Report, Margin Forex
  • Voted Most Popular Broker 2021 - TradingView Broker Awards
  • Voted Best Forex and CFD Broker 2021 - TradingView Broker Awards
  • Best Multi-Asset Broker - Finance Magnates Africa Summit (FMAS) 2024
  • Most Trusted Broker in Africa - Finance Magnates Africa Summit (FMAS) 2024
  • Most Trusted Broker MEA 2024 - iFX EXPO Dubai 2024
  • Best IB/Affiliate Programme MEA 2024 - iFX EXPO Dubai 2024
  • Best Trading Conditions 2024 - UF Awards LATAM 2024
  • Best Multi-Asset Broker - Smart Vision Investment Expo 2023
  • Most Trusted Broker - Smart Vision Investment Expo 2023
Instruments
CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, ETFs, Spread Betting CFDs, Forex, Stocks, Indices, Commodities, Crypto
Demo Account
Yes Yes
Minimum Deposit
$0 $10
Trading Platforms
  • OANDA Trade
  • MT4
  • TradingView
  • AutoChartist
  • Exness Trade App
  • Exness Terminal
  • MT4
  • MT5
  • TradingCentral
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FCA, ASIC, KNF, MAS, CIRO, FFAJ, BVI, CIRO CySEC, FCA, FSCA, CMA, FSA, CBCS, BVIFSC, FSC
Margin Trading
Yes Yes
Margin Rate
2%
STP Account
No Yes
ECN Account
No Yes
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
Yes Yes
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
OANDA Trade, MT4 iOS & Android
App Review

Exness Trade offers the complete mobile trading experience, delivering the broker’s fast execution speeds, hundreds of tradable CFDs and user-friendly, TradingView-powered charts right from your palm. Downloaded more than 10 million times, it’s an excellent option for active traders looking to manage their accounts and capitalize on market opportunities on the move.

Android App Rating
3.7
4.3
iOS App Rating
4.7
4.4
Auto Trading
Expert Advisors (EAs) on MetaTrader and OANDA API Expert Advisors (EAs) on MetaTrader
Copy Trading
No Yes
Copy Trading Platform
Exness has introduced a unique copy trading feature on its web platform and mobile app. Its user-friendly based on our tests but the performance statistics for strategies could be more detailed to better guide investor decisions.
Social Trading
No Yes
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
Yes No
Inactivity Fee
$10 $0
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • HKD
  • SGD
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • INR
  • JPY
  • ZAR
  • MYR
  • IDR
  • DKK
  • CHF
  • HKD
  • SGD
  • AED
  • SAR
  • HUF
  • BRL
  • NGN
  • THB
  • VND
  • UAH
  • KWD
  • QAR
  • KRW
  • MXN
  • KES
  • CNY
Stock Exchanges
Commodities
CFD Trading
You can speculate on popular financial assets covering forex, commodities, indices, metals and bonds. You can get started with $0 minimum deposit, making the broker a good pick for beginners. There’s also over 130 technical indicators available collectively in the MT4 and OANDA Trade platforms. Exness provides CFDs on forex, stocks, indices, commodities, and cryptos with leverage up to 1:2000, tailored for advanced day traders and featuring over 100 technical indicators in its proprietary terminal.
Leverage
1:200 1:Unlimited
FTSE Spread
1.0 13.6
GBPUSD Spread
1.4 0.0
Oil Spread
3.0 0.0
Stocks Spread
12 (Apple Inc) 0.9 (Apple Inc.)
Forex Trading
OANDA offers 68 currency pairs, which is above the industry average. You can speculate on majors, minors and exotics, with spreads from 0.8 pips on popular pairs. There are no commissions and leverage is available up to 1:200. Average execution speeds are fast based on tests, at 12 milliseconds. Exness offers an impressive selection of around 100 forex pairs - more than most brokers we've evaluated - along with competitive spreads on major pairs starting as low as 0.1 pips. Additionally, traders benefit from a robust suite of forex analysis tools, including market news powered by FXStreet.
GBPUSD Spread
1.4 0.0
EURUSD Spread
0.8 0.0
EURGBP Spread
0.9 0.0
Assets
68 100+
Currency Indices
  • USD
Cryptocurrency
OANDA offers trading on leading cryptocurrencies, including Bitcoin. You can place trades in the app hassle-free and practice in the unlimited demo account. The broker offers guaranteed stop-loss orders to help protect you against crypto market volatility. Exness provides a selection of popular crypto-fiat pairs with zero swap fees and no commissions on Standard accounts, accessible via desktop and mobile apps. Crypto deposits are available in certain regions, and reduced Bitcoin spreads have enhanced its appeal for active traders.
Spread
$100 Floating
Coins
  • BTC
  • ETH
  • LTC
  • BCH
  • PAXG
  • LINK
  • UNI
  • AAVE
  • BTC
  • LTC
  • ETH
  • XRP
  • BCH
  • SOL
  • SNX
  • UNI
  • BAT
  • DOT
  • XTZ
  • ADA
  • BNB
  • ENJ
  • FIL
  • DOGE
  • COMP
  • THETA
  • AAVE
  • LINK
  • IOST
  • CAKE
  • MATIC
  • HT
  • MANA
  • HBAR
  • INCH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No