XM Group vs. OANDA

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XM Group and Oanda are top online brokers with excellent services. XM is a MetaTrader broker with valuable tools and materials for beginners. It has licenses from the ASIC, FCA, IFSC, and CySEC. XM Provides leading educational content and market research. It is a top choice for beginner investors. 

Oanda is a leading U.S. online broker with beginner-friendly tools and platforms. It has top-tier licenses from the FCA and CFTC. We recommend it for traders at all levels as its platforms are easy to learn. 

This article discusses the advantages and disadvantages of XM Group and Oanda. 

Broker NameXM GroupOanda
Year Founded20091996
Tradable AssetsForex, CFDForex, Bonds, Precious Metals, Indices, Commodities
Min Deposit$5-100$0 (Standard); $20,000 (Premium)
Min Trade$0$0
PlatformsMT4, MT5FxTrade, Desktop, Web, MT4
DepositFree of charge$0 (Standard); $20,000 (Premium)
WithdrawalsFree of charge$0 (Standard); $20,000 (Premium)

Top findings from the XM Group vs. Oanda review:  

  1. XM is a beginner-friendly broker with a comprehensive learning center. 
  1. Oanda is a leading U.S. broker with excellent research tools and learning materials. 
  1. Both brokers offer a virtual trading account to test their offering. 

XM is a popular online broker for non-US-based beginner investors. We recommend Oanda for new traders as it has powerful educational tools. 

Level of experience  

XM has access to the full MetaTrader suite. It offers trading support and a virtual trading account. XM is a good fit for traders at all levels who want to improve their trading knowledge. 

Oanda offers a straightforward trading platform with user-friendly tools. It is a top choice for new investors because of its smooth trading experience. Oanda has a dedicated learning center with many useful tools. 


Oanda does not charge a minimum deposit fee, while XM has an initial deposit fee between $5 and $100. Oanda offers an active trader discount. 


Oanda has 71 forex currency pairs, while XM has 57 available pairs. XM provides access to 1372 CFDs, while Oanda has 124 available CFDs. 

Trading platform  

XM has the M4 and M5 suites, but it doesn’t offer a proprietary platform. The MetaTrader suites are highly customizable and easy to use. XM has a reliable research center with articles and trading signals. 

Oanda has beginner-friendly platforms and tools. It provides useful technical indicators and a flexible API. This broker is a top choice for new traders, as it has one of the best learning centers in the industry. 

Banking services  

Banking services represent important benefits for an excellent trading experience. Oanda has many funding solutions, including bank transfers, credit/debit cards, PayPal, and Skrill. XM offers bank transfers, credit/debit cards, and Skrill. 

Final verdict  

XM Group and Oanda are top online brokers with beginner-friendly services. Both brokers have advantages and disadvantages depending on your location and trading skills. We recommend XM and Oanda for traders at all levels who want to improve their trading knowledge and skills. 

XM compared to other brokers:

XM review


The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

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All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.


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