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Oanda vs XM Group
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, Oanda currently holds a lower overall rating (3.8) compared to XM Group (4.3).
Oanda has a lower minimum deposit, at 0.0.
Both platforms offer their clients demo accounts, mobile trading, scalping.
Traders should note that
Oanda offers a minimum lot size of 0.1 and a maximum lot size of 600.0, while XM Group offers 0.01 and 50.0.
Oanda offers a lower maximum leverage of 1:50, whereas XM Group allows trading with up to 1:1000.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 0.0 | 5.0 |
| Commission | 50.0 | 3.5 |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 5 |
| Minimum lot size | 0.1 | 0.01 |
| Maximum lot size | 600.0 | 50.0 |
| Spread | Variable | Variable |
| Broker type | Market Maker | Market Maker |
| Maximal leverage (1:?) | 50 | 1000 |
| Availability | Market Maker | Market Maker |
| Regulation | NFA (US) | CySEC (Cyprus), FSC (Belize), DFSA (UAE), FSCA (South Africa), ESCA (UAE) |
| Trading Platforms | MetaTrader 4 (MT4), Web Platform, Mobile Platform | MetaTrader 4 (MT4), MetaTrader 5 (MT5), XM App |
| Funding/Withdrawal methods | Wire Transfer, ACH deposit | Multiple local methods |
| Account Currency | USD, GBP, EUR, CHF, JPY, CAD, SGD, HKD, AUD | USD, GBP, EUR, CHF, JPY, PLN, SGD, ZAR, AUD, HUF |
| Languages | English, Spanish, Chinese | English, Spanish, French, German, Portuguese, Italian, Greek, Russian, Polish, Thai, Arabic, Vietnamese, Korean, Bulgarian, Urdu, Hindi, Czech, Serbian, Romanian, Tagalog, Simplified Chinese, Traditional Chinese, Bahasa Malay, Bahasa Indonesia, Slovakian, Nepali, Cebuano, Mongolian |
| Country | United States | United Arab Emirates, Belize, Cyprus, South Africa |
| Trading platform(s) timezone | Canada, Japan, Singapore, United Kingdom | United Arab Emirates, Belize, Cyprus, South Africa |
| Other trading instruments | Cryptocurrency, Forex | Stocks, Futures, Indices, Commodities, Energies, CFDs, Precious Metals, Forex |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
