Compare OANDA Vs Swissquote: Which is the Better Forex Broker in 2024?
OANDA Vs Swissquote, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between OANDA Vs Swissquote, here is the direct comparison:
Compare | OANDA | Swissquote |
General Rating |
3.11/5 |
2.09/5 |
Score | ||
Trustpilot |
3.6/5 544 users |
3.7/5 150 users |
πΌ Regulation | ||
β Info | ||
β Established | 1996 | 1996 |
π² Min Deposit | $0 | $1000 |
β Max Leverage | 1:20 | 1:100 |
π’ Spread | Fixed | Fixed |
πΈ Commissions | -$50/Mil commission for Core pricing | |
π‘ Min Position | 0.00001 lot | 0.1 lot |
π³ Payment | Visa, Mastercard, ACH deposits, Bank transfer, Credit/debit cards, Wire transfer, Skrill and Neteller | Wire transfer and Credit/debit cards |
π’ Office(s) |
𧩠Demo Account | ||
π Segregated Account | ||
π Islamic Account | ||
π¨βπ» PAMM Account | ||
π Managed Account |
π± Hedging | ||
πΊπΈ US traders | ||
π Swaps |
π Trading contests | ||
β‘ Automated trading | ||
π° Bonus offers | ||
π Free education |
1οΈβ£ One-click trading | ||
β± Trailing stop | ||
β³ Pending orders |
Forex | ||
CFD | ||
Indexes | ||
Spread Betting | ||
Gold & Silver | ||
Crypto | ||
Stocks | ||
Oil | ||
Metals | ||
Energies | ||
Futures | ||
ETF | ||
Options | ||
Agriculture | ||
Indices | ||
Commodities | ||
Etf | ||
Bonds | ||
Stock | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
Silver | ||
Index | ||
Stocks 1:5 | ||
Physical Stock |
π£ Website Languages | English | Arabic, German, English, Spanish, French, Russian, Chinese |
πͺ Trade Now | Open OANDA | Open Swissquote |
Compare Again
Testimonials
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OANDA: Les risk
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OANDA: OANDA is the best broker I've ever know.
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OANDA: My EA doesn't work very well after some time. So...
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OANDA: My friend recommend me to trade with OANDA. But it...
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OANDA: I realize half on these commentaries are only half reliable....
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Swissquote: Live chat support - terrible. The guy there doesn't know...
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Swissquote: They (or their payment vendors) charge high fees, like 2%...
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Swissquote: Stay away from this low quality market maker. Account opening...
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Swissquote: When I tried to open an account, I had to...
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Swissquote: Before I had even finished opening my account I had...
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See More OANDA Testimonials
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See More Swissquote Testimonials
News
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Swissquote's New Website Offers a Visual and Functional Upgrade
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Swissquote Launches Lending Program, Providing Passive Income for Clients
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Swissquote Appoints New COO Following the Retirement of Lino Finini
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Swissquote Advancing into Digital Banking Business
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Barcelona Striker Robert Lewandowski Becomes OANDA Brand Ambassador
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OANDA Acquired Crypto Exchange Coinpass
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Swissquote Releases Investment Saving Product, Invest Easy Solution
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CySEC Exposed OANDA TMS Clone Website
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Rafal Slon Joins OANDA as Managing Director for Australia
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See More Related OANDA News
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See More Related Swissquote News
Article
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Guide to Choose the Best OANDA Platform
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Standard Account Comparison: IC Markets or OANDA?
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Forex Brokers in 2022: How OANDA Performed
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How to Open Account in OANDA
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All You Need to Know about OANDA Swap Free Account
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Forex.com or OANDA, Which is Better?
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Is OANDA a Good Broker for Beginners?
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Breaking Down OANDA's Tight Spreads
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What is OANDA Currency Converter and How to Use It
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See More Related OANDA Article
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Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, OANDA provides their pricing with Fixed spread while Swissquote offers Fixed spread.
OANDA vs Swissquote: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, OANDA enables trading with FxTrade App, MetaTrader 5, Oanda Platform, MetaTrader 4. The offer is supported with . In comparison, Swissquote provides trading with MetaTrader 4 (Limited with 30 days), MetaTrader 5 (Limited with 30 days), Advanced Trader (Limited with 30 days) with the support of One-click trading, Trailing stop, Pending orders.
Is OANDA or Swissquote better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, OANDA supports trading with Forex, Gold & silver, CFD, Crypto, Stock, Indices, Commodities, etf, while Swissquote presents the ability of trading with Forex, Gold & silver, Stocks, Options, Indexes, Crypto, CFD.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
Looking for more references? Here are other comparisons related to OANDA and Swissquote:
- Compare OANDA vs JustMarkets
- Compare OANDA vs Tickmill
- Compare OANDA vs IC Markets
- Compare Swissquote vs HF Markets
- Compare Swissquote vs LiteFinance
- Compare Swissquote vs ThinkMarkets
For more comparisons, visit this page.