| Feature | XM Trading | OANDA |
|---|---|---|
| Regulation | ASIC (Australia), CySEC (Cyprus), DFSA (Dubai), FSC (Belize) | FCA (UK), ASIC (Australia), NFA & CFTC (USA), CIRO (Canada), FSA (Japan), MAS (Singapore) |
| Foundation Year | 2009 | 1996 |
| Availability in the USA | Not available | Available |
| Minimum Deposit | $5 | $0 |
| Account Currencies | USD, EUR, GBP, AUD, JPY, ZAR, CHF, SGD, PLN, HUF | USD, EUR, GBP, CAD, AUD, JPY, CHF, HKD, SGD |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | OANDA Trade, MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView |
| Mobile Platform Score | 3.8/5 | 4.9/5 |
| Web Platform Score | 2.8/5 | 4.4/5 |
| Tradable Instruments | Forex, CFDs on Stocks, Commodities, Indices, Metals, Energies | Forex, CFDs on Indices, Commodities, Metals, Bonds |
| Number of Forex Pairs | 55+ | 68 |
| EUR/USD Spread | 1.6 pips | 0.8 pips |
| GBP/USD Spread | 1.9 pips | 1.4 pips |
| Deposit Methods | Credit/Debit Cards, Bank Transfer, Neteller, Skrill, UnionPay, WebMoney, and more | Credit/Debit Cards, Bank Transfer, PayPal, Skrill, Neteller, ACH, Wise, Revolut |
| Withdrawal Methods | Same as deposit methods | Same as deposit methods |
| Deposit and Withdrawal Score | 5.0/5 | 4.0/5 |
| Inactivity Fee | $15 after 12 months of inactivity | Yes, after 12 months of inactivity |
| Customer Service Score | 4.5/5 | 3.9/5 |
| Educational Resources | Webinars, Tutorials, Market Analysis, Podcasts | Webinars, Tutorials, Market Analysis |
| Research Tools | Market Sentiment, Fundamental Insights, Strategy Builders | Advanced Charting Tools, Technical Analysis, Market Reports |
| Bonus Offers | $50 No Deposit Bonus, Deposit Bonus up to $5,000, Free VPS Service | None |
| Islamic Accounts | Available | Not available |
| Negative Balance Protection | Yes | Yes |
| Maximum Leverage | Up to 1:1000 | Up to 1:50 (for major currency pairs) |
| Trading Fees | Spreads from 0.6 pips, No hidden charges | Competitive spreads, No hidden charges |
| Account Opening Score | 5.0/5 | 4.4/5 |
| Types of Accounts | Micro, Standard, XM Ultra Low, Shares Account | Standard, Core, Swap-Free (Islamic), Corporate |
| Commission on Trades | No commission on Standard & Micro accounts, $3.5 per lot per side for XM Ultra Low | $5 per lot per side (Core Pricing), No commission on Standard accounts |
| Order Execution Speed | <1 second | <1 millisecond |
| Slippage Policy | No re-quotes, Minimal slippage | No re-quotes, Market execution |
| Order Types Available | Market, Limit, Stop, Trailing Stop, One-Cancels-the-Other (OCO) | Market, Limit, Stop-Loss, Trailing Stop, Take Profit, Guaranteed Stop-Loss |
| Hedging Allowed | Yes | Yes |
| Scalping Allowed | Yes | Yes |
| Algo/Automated Trading | Supported (MT4, MT5, Expert Advisors) | Supported (MT4, MT5, TradingView, OANDA API) |
| Social/Copy Trading | No in-house social trading, but supports third-party tools | No in-house social trading, but supports TradingView signals |
| Custom Trading APIs | Not available | Available (OANDA API) |
| Market-Making Model | Market Maker | Market Maker and ECN-like (Core Pricing) |
| Account Base Currencies | Multiple options (USD, EUR, GBP, AUD, etc.) | Limited but includes major global currencies |
| Fractional Pip Pricing | Yes (5-digit pricing) | Yes (5-digit pricing) |
| Volatility Protection Settings | No | Yes (features like guaranteed stop-loss) |
| News Trading Allowed | Yes | Yes |
| Market Depth Display | No | Yes |
| Guaranteed Stop-Loss Orders (GSLOs) | No | Yes (for an additional cost) |
| Swap-Free (Islamic) Account | Yes | No |
| Interest on Unused Balance | No | No |
| Multi-Asset Trading | Yes | Yes |
| Fixed vs Variable Spreads | Variable spreads | Variable spreads |
| Spreads on Exotic Currency Pairs | Higher compared to major pairs | Competitive spreads on exotic pairs |
| Currency Conversion Fee | Yes (if trading in a currency different from account base) | Yes (if trading in a currency different from account base) |
| Stop-Out Level | 20% | 50% |
| Trader Sentiment Tool | No | Yes |
| Market Scanner | No | Yes |
| Historical Data Download | No | Yes |
| VPS Service for Algorithmic Trading | Yes (Free for eligible accounts) | Yes (Paid service) |
| Leverage for Professional Clients | Up to 1:500 | Up to 1:100 |
| Cryptocurrency Trading | No | No |
| Trading Contests | Yes (Regular demo contests) | No |
| Regulatory Investor Protection | Yes (varies by region) | Yes (varies by region) |
| Partnership/Affiliate Program | Yes | Yes |
| Company Reputation & User Reviews | Generally positive | Generally positive but mixed in regions with stricter regulations |
| Trailing Stop Orders | Yes | Yes |
| Partial Close Orders | Yes | Yes |
| Time-in-Force Orders | Yes (GTC, GFD, FOK, IOC) | Yes (GTC, GFD, FOK, IOC) |
| Weekend Trading | No | No |
| Extended Hours Trading | No | No |
| ECN Trading Option | No | Yes (Core Pricing Account) |
| Raw Spread Account | No | Yes (Core Pricing Account) |
| Guaranteed Fill on Stop Orders | No | Yes (for an additional cost) |
| Margin Call Level | 50% | 100% |
| Margin Requirements on CFDs | Varies by asset class | Varies by asset class |
| Overnight Financing (Swap Fees) | Yes (based on interbank rates) | Yes (based on interbank rates) |
| CFD Expiry Handling | Auto-rollover | Auto-rollover |
| ETF Trading | No | No |
| Dividend Adjustments on CFDs | Yes | Yes |
| Slippage Control Settings | No | Yes |
| Spread Betting (UK Only) | No | Yes |
| Customizable Watchlists | Yes | Yes |
| Market News Integration | Yes (via MT4/MT5) | Yes (via OANDA Trade, TradingView) |
| Economic Calendar | Yes (on website & platforms) | Yes (on website & platforms) |
| AutoChartist Integration | No | Yes |
| Trading Central Integration | No | Yes |
| Pattern Recognition Tools | No | Yes |
| Sentiment Analysis Tools | No | Yes |
| Price Alerts & Notifications | Yes | Yes |
| Desktop Platform Support | Windows, macOS | Windows, macOS |
| Mobile App Features | Basic trading, charting, execution | Advanced trading, charting, execution, news alerts |
| Customization for Charts | Limited | Advanced |
| Chart Timeframes | 9 (MT4), 21 (MT5) | Over 30 (TradingView & OANDA platforms) |
| Technical Indicators Available | 50+ (MT4/MT5) | 100+ (TradingView, OANDA Trade) |
| Automated Backtesting Tools | Limited | Advanced (OANDA API, TradingView) |
| Advanced Order Flow Analysis | No | Yes |
| Execution Model | Market Maker | Market Maker & STP for Core Pricing |
| Price Improvement Feature | No | Yes |
| Rebate Programs | Yes (for high-volume traders) | No |
| Active Trader Discounts | No | Yes |
| Custom Indicator Support | Yes (via MT4/MT5) | Yes (via TradingView, MT4) |
| Crypto Funding & Withdrawals | No | No |
| Two-Factor Authentication (2FA) | Yes | Yes |
| Deposit Processing Time | Instant (for most methods) | Instant (for most methods) |
| Withdrawal Processing Time | 24 hours | 1-3 business days |
| Segregated Client Funds | Yes | Yes |
| Compensation Scheme (for EU/UK clients) | Up to €20,000 under CySEC | Up to £85,000 under FCA |
| Company Publicly Traded? | No | No |
| Social Media Presence & Updates | Active on Twitter, Facebook, YouTube | Active on Twitter, LinkedIn, YouTube |
| Customer Support Languages | 30+ Languages | 10+ Languages |
| Customer Support Channels | Live Chat, Email, Phone | Live Chat, Email, Phone |
| Customer Support Availability | 24-May | 24-May |
| Dedicated Account Manager | Yes (for VIP clients) | No |
| VIP Trading Benefits | Yes (lower spreads, faster execution, priority withdrawals) | No |
| Webinars & Trading Courses | Yes (regular sessions) | Yes (but fewer than XM) |
| Broker-Assisted Trading | No | No |
| Risk Management Tools | Basic | Advanced |
| Free Demo Account | Yes | Yes |
| Demo Account Expiry | No expiry | No expiry |
| Corporate & Institutional Accounts | Yes | Yes |
| Multi-Account Management (MAM/PAMM) | Yes | No |
| Swap-Free Trading for Religious Reasons | Yes | No |
| Prop Trading Partnerships | No | No |
| Funds Protection in Case of Bankruptcy | Yes (via regulatory schemes) | Yes (via regulatory schemes) |
XM Trading offers high leverage, bonuses, and diverse account types, while OANDA provides superior execution speed, advanced tools, and a stronger regulatory framework. OANDA suits low-cost, algorithmic traders, whereas XM caters to high-leverage and bonus-seeking traders.