Exness vs OANDA Comparison & Reviews

Feature
Exness
OANDA
Regulation
FCA (UK), CySEC (Cyprus), FSA (Seychelles), FSCA (South Africa)
FCA (UK), NFA & CFTC (US), ASIC (Australia), IIROC (Canada)
Instruments Offered
Forex, Cryptocurrencies, Metals, Energies, Stocks, Indices
Forex, Cryptocurrencies, Commodities, Bonds, Indices
Account Types
Standard, Pro, Zero, Raw Spread
Standard, Premium, Core
Minimum Deposit
$1 for Standard accounts, $500 for Professional accounts
No minimum deposit
Leverage
Up to 1:2000 (for retail clients, depending on region)
Up to 1:50 (US clients), up to 1:200 (International clients)
Trading Platforms
MetaTrader 4 (MT4), MetaTrader 5 (MT5), Exness Terminal
OANDA fxTrade, MetaTrader 4 (MT4)
Execution Speed
Ultra-fast execution (0.01 seconds)
Market execution
Spread Types
Variable, Tight spreads (starting from 0.0 pips on some accounts)
Variable, Tight spreads (starting from 0.1 pips)
Commissions
No commissions on Standard accounts, Commissions on Zero and Raw Spread accounts
Commissions on Core account, No commission on Standard and Premium
Deposit & Withdrawal Fees
No deposit fees, No withdrawal fees
No deposit fees, Withdrawal fees depending on method used
Payment Methods
Bank Transfer, Credit/Debit Card, Neteller, Skrill, Perfect Money, Cryptocurrencies
Bank Transfer, Credit/Debit Card, PayPal, Skrill, Neteller
Trading Hours
24/5 (Forex and CFDs), 24/7 (Cryptos)
24/5 (Forex and CFDs)
Demo Account
Yes, Unlimited
Yes, Unlimited
Educational Content
Webinars, Video tutorials, Economic calendar, Articles
Webinars, Video tutorials, Economic calendar, Market insights
Research Tools
Trading Central, AutoChartist, Economic calendar
Economic calendar, News feed, Sentiment analysis, MarketPulse
Customer Support
24/7, Multilingual support (Phone, Email, Live Chat)
24/5, Multilingual support (Phone, Email, Live Chat)
Copy Trading
Yes (Social trading via app)
No
Bonuses & Promotions
Promotions may vary by region
None (due to regulatory restrictions in some regions)
Islamic Account
Yes (swap-free account available)
Yes (swap-free account available)
Available Countries
Global (except US, Canada, some countries)
Global (except US states like Hawaii)
Order Types
Market, Limit, Stop, Trailing Stop, OCO
Market, Limit, Stop, Trailing Stop
Order Execution Policy
Instant and market execution options
Market execution only
Slippage Protection
Yes, with advanced order types
Yes, but slippage may occur in volatile markets
Stop-Loss and Take-Profit
Yes, available for all order types
Yes, available for all order types
Negative Balance Protection
Yes, available to retail clients
Yes, depending on region
Margin Call Level
60% (varies by account type)
50% (US), 20% (International)
Stop Out Level
0% - 30% (depending on account type)
50% (US), 20% (International)
Charting Tools
Built-in tools in MT4/MT5 (50+ indicators), Customizable charts
Advanced charting in fxTrade, TradingView integration
Mobile Trading
Full-featured MT4/MT5 mobile apps, Exness Trader app
OANDA mobile app (fxTrade), MT4 mobile app
API Trading
Yes, via MetaTrader APIs
Yes, OANDA's proprietary API
VPS Hosting
Free VPS for eligible clients
Free VPS for clients meeting certain trading volume
Account Currency Options
Multiple currencies, including USD, EUR, GBP, AUD, Cryptos
USD, EUR, GBP, CAD, JPY, SGD, HKD, more
Affiliate Program
Yes, with referral bonuses
Yes, with competitive commissions
Social Trading
Yes, Exness Social Trading app
No
Algorithmic Trading Support
Yes, via Expert Advisors (EAs) on MT4/MT5
Yes, via OANDA's API and MT4 Expert Advisors
Historical Data Access
Available for all assets, downloadable from MT4/MT5 platform
Available for all assets via fxTrade and API
Trading Fees Transparency
Highly transparent, with detailed fee structures per account
Highly transparent, detailed cost breakdown provided
Spread Comparison Tools
Available in the platform to compare real-time spreads
Yes, historical spread data provided for comparison
News Feed Integration
Integrated in MT4/MT5 platforms, Real-time market news
Integrated news feed in fxTrade, MarketPulse
Social Media Presence
Active on YouTube, Facebook, Twitter, Instagram
Active on YouTube, Facebook, Twitter, LinkedIn
Reputation for Beginners
Beginner-friendly account options and educational resources
Known for beginner support, with simple platform and resources
Advanced Trading Tools
Risk Management Tools, Position Calculator, Strategy Tester
Advanced Order Management, Custom Indicators
Customizable Dashboard
Yes, customizable trading dashboard in MT4/MT5
Yes, customizable dashboard in fxTrade
Fractional Lot Trading
Yes, micro-lot (0.01 lots) available
Yes, micro-lot (0.01 lots) available
Withdrawal Processing Time
Instant withdrawals for most methods
Typically within 1 business day for most methods
Market Analysis Reports
Daily, Weekly, Monthly market reports available
Extensive market analysis reports, OANDA's MarketPulse
Scalping and Hedging Allowed
Yes, both allowed
Yes, both allowed
Account Verification Speed
Fast, typically within minutes to a few hours
Varies by region, can take a few hours to several days
PAMM/MAM Accounts
Yes, offers MAM (Multi-Account Manager) accounts
No, does not offer PAMM or MAM accounts
Trading Contests
Occasionally, region-specific promotions and trading contests
No regular trading contests
Swap-Free Options
Yes, available for Islamic accounts
Yes, available for Islamic accounts
Corporate/Business Accounts
Yes, available for businesses
Yes, available for businesses
Trading Signals
Yes, through MetaTrader platform (MT4/MT5 signals)
No proprietary signal service, can integrate external services
Requotes
Rare, thanks to fast execution
No requotes with market execution
Execution on Volatile Markets
Consistently fast even in volatile markets
Slippage may occur during extreme volatility
Order Fill Rate
High, with a near-100% fill rate in stable conditions
High, generally reliable in stable market conditions
Deposit Protection
Offers investor protection based on jurisdiction
Offers investor protection (FCA, ASIC)
Guaranteed Stop-Loss
Not guaranteed, subject to market conditions
Not guaranteed, may experience slippage
Trailing Stops
Yes, available in MT4/MT5
Yes, available in OANDA's platform and MT4
Order Time-in-Force Options
GTC (Good till Canceled), FOK (Fill or Kill), IOC (Immediate or Cancel)
GTC, FOK, IOC
Slippage Control
Available, can set slippage tolerance
Available, can set slippage tolerance
Interest on Idle Funds
No interest on uninvested funds
No interest on uninvested funds
Micro vs. Standard Lot Trading
Micro-lot and standard lot both available
Micro-lot and standard lot both available
Currency Conversion Fees
No currency conversion fees for most deposits/withdrawals
Currency conversion fees apply if trading in non-account currencies
Maximum Trade Size
Large trade sizes allowed, typically up to 200 lots per position
Large trade sizes allowed, depends on asset liquidity
Hedging Restrictions
No restrictions, full hedging allowed
No restrictions, full hedging allowed
Third-Party Trading Plugins
Supports various third-party trading plugins
Supports MT4 plugins, but limited for fxTrade
CFD Expiries
No expiry for most CFDs
Some CFDs (like certain commodities) may have expiries
Price Alerts
Available on MT4/MT5 and Exness app
Available on OANDA's mobile app and platform
Overnight Fees (Swaps)
Variable based on asset and market conditions
Variable based on asset and market conditions
User Interface Customization
Highly customizable in MT4/MT5 and Exness app
Customizable in fxTrade but more limited than MT4
Guaranteed Withdrawals Processing Time
Usually instant or within a few minutes for most payment methods
Can take up to 1-3 business days, depending on method
Leverage Adjustments
Dynamic leverage, adjusted automatically based on trading volume
Leverage changes based on region and asset class
Trading Restrictions
Very few restrictions, some restrictions in highly regulated regions
Restricted leverage in some highly regulated regions (like the US)
Professional Accounts
Yes, offers higher leverage and lower spreads for professional clients
Yes, professional accounts available with higher leverage
Availability of Negative News Alerts
Yes, integrated with MT4/MT5 news feed
Yes, through MarketPulse and economic calendar
API Documentation & Support
Full API documentation available for developers
Comprehensive API with extensive developer support
Real-time Position Monitoring
Yes, via MT4/MT5 and Exness app
Yes, via fxTrade platform and mobile app
Trailing Stops Execution Type
Server-side execution (no need to keep platform open)
Server-side execution (no need to keep platform open)
Platform Downtime
Rare, high uptime due to robust infrastructure
Minimal downtime, known for reliability
Referral Bonuses
Yes, varies by region, frequently offered
No, due to regulatory constraints in many regions
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