Oanda vs Vantage FX Broker Comparison

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Are you trying to figure out which is a better broker, Oanda or Vantage FX? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that Vantage FX is the better of the two. Vantage FX offers 300+ instruments, licenses from FCA, ASIC, CIMA, and fair trading fees.

In the tables below, you can compare the features of Oanda and Vantage FX side by side, to work out which suits your trading needs best. You can also carry on reading to find out why our experts ranked Vantage FX higher than Oanda.

Methodology:
This tool uses data collected by our honest Forex experts. All information shown here is correct, regardless of any compensation we receive.
Oanda logovantage fx
OPEN ACCOUNTReviewReview
RATING90/10095.3/100
MIN. DEPOSIT0$200$
REGULATED BYuk australia st-vincent-the-grenadinesuk australia cayman-islands
BONUSNo Information50 USD No Deposit Bonus
MIN. SPREAD01.4
MAX. LEVERAGE1:2001:500
CURRENCY PAIRS4540
TRADING INSTRUMENTS126300+
TRADING PLATFORMSMT4, Mobile, WebTraderMT4, MT5, WebTrader, Private
DEPOSIT METHODSBank wire, Visa, Mastercard, Skrill, Neteller and othersBank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay and more
TYPE OF BROKERSMarket MakerSTP/ECN
CUSTOMER SUPPORT24/724/5
LANGUAGE SUPPORT45
ESTABLISHED19902009
USED BY100,000+ Traders650,000 Traders

Does Oanda or Vantage FX have lower trading costs and fees?

To compare the costs of trading at different brokers, our experts analyze both trading-specific fees, such as spreads, and non-trading fees, such as inactivity charges and payment costs.

To give an overall view of how cheap or expensive Oanda and Vantage FX are, we first considered the common fees on Standard Accounts. At Oanda the average spread for the EUR/USD currency pair is 0 pips, whilst at Vantage FX the spread is 1.4.

This shows that Oanda is the better option for low-cost forex trading.

When it comes to non-trading fees, Oanda charges for . Vantage FX charges for . With this in mind, both brokers offer similar non-trading fees.

When our experts analyzed the specific costs of both brokers, we found that Vantage FX is the better option.

Trading Fees*

TYPE OF FEEOANDAVANTAGE FX
Minimum Spread EURUSD (pips)01.4
Commission (%)0
Commission on Islamic Accounts (%)0

*Based on Standard account type.

Non-Trading Fees

TYPE OF FEEOANDAVANTAGE FX
Account FeesNN
Inactivity FeesNN
Deposit FeesNN
Withdrawal FeesNN

Which broker is safer, Oanda or Vantage FX?

In order to decide how safe our top-rated brokers are, our experts look at a number of factors. This includes what licenses the broker holds and how reputable those licenses are. We also consider the history of the broker, as a long-standing broker is often more reliable and trustworthy than a newer one.

Oanda is regulated by FCA, ASIC, FSA(SVG), NFA, IIROC, MAS and does not offer client protection. Vantage FX is regulated by FCA, ASIC, CIMA and does not offer client protection.

Considering these two factors, and the general reputation and history of both brokers, we believe that Vantage FX is the safer broker.

Broker summary

OANDAVANTAGE FX
Minimum Deposit (USD $)0200
LicensesFCA, ASIC, FSA(SVG), NFA, IIROC, MASFCA, ASIC, CIMA
Max. Leverage1:2001:500
Client ProtectionNY
Broker TypeMarket MakerSTP/ECN
Number of Instruments126300+
Currency Pairs4540
Stocks100
Cryptocurrencies0
CFDsNY
Proprietary Trading PlatformNN
MT 4YY
MT 5NY
Mobile CompatibleYN
Research ToolsNY
Educational MaterialsYY
Payment MethodsBank wire, Visa, Mastercard, Skrill, Neteller and othersBank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay and more
24/5 Customer SupportYY
Live ChatYY

How many trading instruments are available at Oanda and Vantage FX?

Oanda provides traders with 126 instruments. This includes 45 currency pairs, cryptocurrencies, and stocks and shares. With Oanda, you cannot trade CFDs.

In comparison, Vantage FX boasts 300+ tradable instruments. Vantage FX offers 40 currency pairs, 0 cryptocurrencies, and 100 stocks and shares. Vantage FX also allows CFD trading.

As both brokers offer the same total number of instruments, both are great choice if you are wishing to diversify your trading portfolio.

Markets and Products

INSTRUMENTOANDAVANTAGE FX
Currency Pairs4540
Commodities90+20
Precious Metals05
Indices14
Stocks and Shares100
Cryptocurrencies0
Options0
ETFs01

Which broker offers the best trading platform, Oanda or Vantage FX?

When our experts review a broker, they open their own accounts and place trades via the broker’s trading platform. This allows them to fully evaluate the quality of the platform, how easy it is to use and what features it offers.

Oanda provides you with the ability to trade via 3 trading platforms, and Vantage FX has 4 trading platforms. Both brokers also offer research and trading tools, however Vantage FX has more.

Overall, our experts agree that Vantage FX boasts the better trading platform offering.

Research Tools

TOOLOANDAVANTAGE FX
News (from top-tier sources)YY
Trading Signals and IndicatorsNY
Trade IdeasNY
Expert AnalysisNY
Autochartist ToolsNY
Sentiment ChartsNY
Economic CalendarNY

Which is better for beginners, Oanda or Vantage FX?

To decide how well-suited a broker is for beginner traders, our experts look at what educational materials are available, how accessible the minimum deposit limits are, the range of account types and whether or not you can practice trading with a demo account first.

Considering this, our reviews show that Vantage FX is the better broker for beginner traders as it offers a larger range of educational tools and materials. Vantage FX also has a minimum deposit of $.

Educational Features

FEATUREOANDAVANTAGE FX
Demo AccountNY
Platform Tutorial VideosNY
Educational PDFsNY
Live WebinarsNN
YouTube VideosNY
Trading AcademyNN
Trading GlossaryNN

Which broker is better overall?

Overall, our tested reviewing methodology proves that Vantage FX is the better broker in a range of key areas. You can learn more by reading our Oanda and Vantage FX reviews.

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