Comparison of OANDA vs XTB [ 2024 ]

The best brokers to invest in cryptocurrencies compared by their commissions, cryptos, security and much more. Here is theOANDA vs XTB comparison!

Your expert: Alejandro Borja

OANDA

Your expert: Xavier Tarrasó

XTB

Main points

Fees

Low 4,3/5

Regulated

FCA, CFTC

Demo account

Yes

Low 4,7/5

Fees

FCA, KNF

Regulated

Yes

Demo account

Recommended for

Beginners

Yes

Trading

Yes

Passive income

Buy and hold

Yes

Beginners

Yes

Trading

Passive income

Buy and hold

Comparison of fees

Rating

3.8 – OANDA’s fees for crypto trading are competitive with no spread markups or custody fees. However, the platform’s higher fees for certain transactions and inactivity fees can be a drawback .

4.4 – XTB provides excellent value with no deposit or withdrawal fees for most methods and tight spreads. The inactivity fee after 12 months is the main additional cost .

Level

Low 4,3/5

Low 4,7/5

Brief explanation

OANDA offers a transparent and straightforward fee structure for cryptocurrency trading, which makes it an appealing choice for many traders. The platform charges a 0.25% fee on all executed crypto orders, with a minimum fee of $0.01. This fee is calculated based on the order quantity and fill price, ensuring that traders know exactly what they are paying upfront. Unlike many other brokers, OANDA does not apply a spread markup or custody fee on crypto trades, which can help keep trading costs lower. Deposits via credit/debit cards and electronic wallets like PayPal, Skrill, and Neteller are free, but bank transfers, which can take up to three business days to process, may incur conversion costs if the currency differs from the account base currency. Withdrawal fees are notably higher, especially for bank transfers, which can cost up to $20 or more per transaction, depending on the currency and region. While OANDA does not offer leverage for cryptocurrency trading, which could limit the potential for higher returns, this also reduces the risk of significant losses. The absence of short selling options is another limitation for those looking to profit from falling markets. Overall, OANDA’s fee structure is designed to be clear and straightforward, with no hidden costs, making it a reliable choice for crypto traders who prioritize transparency and security .

XTB’s fee structure is primarily built around spreads, with no commissions for crypto trades. The spreads are competitive, starting from 0.22% for Bitcoin. Additionally, XTB does not charge deposit fees for bank transfers or credit/debit cards, although e-wallet deposits may incur fees ranging from 1% to 2%. Withdrawals are generally free unless the amount is below $50, in which case a $30 fee applies. An inactivity fee of $10 per month is charged after 12 months of inactivity. Overall, XTB’s fee structure is straightforward and relatively low-cost compared to other brokers .

OANDA

Year Founded: OANDA was founded in 1996, establishing a long track record of reliability and innovation in the financial markets. This extensive experience provides a level of confidence that newer brokers may not offer .
Number of Users: With millions of users worldwide, OANDA has built a solid reputation among both retail and institutional traders. Its wide user base is a testament to its credibility and the trust it has garnered over the years .
Security Methods: OANDA employs robust security measures, including two-factor authentication and encryption, to protect user data and funds. The partnership with Paxos ensures secure and regulated crypto trading, further enhancing trust .
Regulation: OANDA is regulated by top-tier financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Commodity Futures Trading Commission (CFTC) in the US, and the Australian Securities and Investments Commission (ASIC). These stringent regulatory standards provide a high level of protection and transparency for users .
Reputation and Reviews: OANDA has consistently received positive reviews for its reliability, customer service, and comprehensive trading platform. Its commitment to transparency and customer satisfaction has solidified its position as a trusted broker in the industry .

XTB

Year Founded: XTB was established in 2002, providing over two decades of experience in the financial trading industry. This longevity indicates a stable and reliable presence in the market.
Number of Users: XTB has a substantial client base, serving thousands of traders worldwide. This extensive user base reflects the trust and satisfaction of its clients.
Transparency: Being listed on the Warsaw Stock Exchange adds to XTB's transparency. The company regularly publishes its financial statements, providing clients and investors with a clear view of its financial health and operations.
Security Methods: XTB is known for its robust security measures. It employs advanced encryption and offers negative balance protection, ensuring that clients' funds and data are secure.
Regulation: XTB is regulated by top-tier financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Polish Financial Supervision Authority (KNF). This high level of regulatory oversight ensures that XTB adheres to strict financial and operational standards.

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Direct link to the website

Product selection

Native token

OANDA does not have a native token.

XTB does not have a native token.

Earns

OANDA does not provide staking or other earning options for cryptocurrencies. The platform supports trading through crypto CFDs and direct trading via partnerships .

XTB does not provide staking or earning options for cryptocurrencies. The platform offers trading in crypto CFDs .

NFT marketplace

OANDA does not have an NFT marketplace.

XTB does not have an NFT marketplace.

Cripto/debit card

OANDA does not provide a card for its clients .

XTB does not have a card for its clients .

Payment methods

Transfers

Yes, OANDA accepts bank transfers for both deposits and withdrawals .

Yes, XTB accepts bank transfers for both deposits and withdrawals .

Mastercard

Yes, OANDA accepts Mastercard for deposits.

Yes, XTB accepts Mastercard for deposits.

Wire transfer

Wise is not mentioned as a supported payment method .

Card

Yes, OANDA accepts credit/debit cards .

Yes, XTB accepts credit/debit cards .

Comparative table

OANDA	Features	XTB
No minimum trade requirement, making it accessible for all traders.	Minimum Trade	Minimum trade size is flexible, starting at $1. This low threshold allows even small-scale investors to participate in cryptocurrency trading .
Competitive fees, but high withdrawal costs for bank transfers.	Trading and Transaction Fees	XTB charges spreads on crypto trades starting from 0.22% for Bitcoin. While competitive, additional fees apply for certain e-wallet deposits and withdrawals .
Supports 63 crypto trading pairs, offering good variety.	Number of Cryptocurrencies	XTB offers trading on over 50 cryptocurrencies, including major coins like Bitcoin, Ethereum, and Litecoin, along with various crypto pairs .
Wide range of pairs available, enhancing trading opportunities.	Crypto-to-Crypto Trading Pairs	The platform supports 16 intra-crypto pairs, allowing traders to speculate on the performance of one cryptocurrency against another .
Highly transparent with detailed information about fees, regulations, and services.	Website Transparency	XTB provides comprehensive information about its services, fees, and regulations. However, some users may find the navigation slightly complex .
OANDA does not provide a card for its clients .	Credit/Debit Card	XTB does not have a card for its clients .
No dedicated crypto wallet service; relies on Paxos integration for custody.	Storage Offering	As a CFD provider, XTB does not offer dedicated crypto wallet services. Traders need to use external wallets if they wish to own actual cryptocurrencies .
Does not offer staking or rewards programs.	Staking and Rewards	XTB does not provide staking options or rewards programs for holding cryptocurrencies, which might be a drawback for some investors .
User-friendly mobile and desktop platforms with advanced charting tools.	Mobile App and Desktop	The xStation platform is available on both mobile and desktop, offering a seamless and user-friendly experience with advanced trading tools .
24/7 support available, though response times can vary.	Customer Service	XTB’s customer service is available 24/5, providing support via phone, live chat, and email. While generally responsive, some users report occasional delays .
Multiple methods available but high fees for bank transfers.	Deposit and Withdraw	Deposits and withdrawals are mostly fee-free, except for small withdrawals under certain thresholds. The process is straightforward and quick .

Key features

Analysis tools

OANDA offers a proprietary web platform with over 65 technical indicators powered by TradingView, advanced charting tools, and a robust mobile app. They also provide comprehensive research offerings .

XTB offers the xStation platform with advanced charting tools, technical indicators, and intra-crypto pairs for detailed analysis. They also provide educational resources and market analysis tools .

Mobile APP

Yes, OANDA provides a mobile app for trading, which includes advanced charting and access to their full range of trading instruments .

Yes, XTB provides the xStation mobile app, which includes advanced trading and charting tools

Security

OANDA is regulated by top-tier authorities such as the FCA. They offer negative balance protection for EU clients and are known for their transparency and robust security measures, including 24/7 customer support.

XTB is regulated by top-tier authorities, including the FCA and CySEC. They provide negative balance protection and are listed on the Warsaw Stock Exchange, enhancing transparency and security.

Additional features

OANDA offers trading on 13 popular cryptocurrency CFDs, such as Bitcoin, Ethereum, and Litecoin, through their platform. They provide a user-friendly app with advanced charting tools and the ability to manage risk using limit and stop orders. OANDA’s crypto trading is available 24/7 with competitive spreads and transparent fees .

XTB provides trading on over 50 cryptocurrencies with tight spreads and leverage up to 1:5. Their xStation platform offers intra-crypto pairs and 24/7 trading. XTB is known for its secure environment and transparent accounts, but crypto CFDs are not available to retail traders from the UK .

Anonymity

OANDA does not support anonymous accounts. Personal information, financial details, and verification documents are necessary for opening an account .

Anonymous accounts are not available with XTB. The account opening process requires personal information and identity verification .

Key points

Available cryptocurrencies

OANDA offers trading in cryptocurrency CFDs and direct trading through a partnership with Paxos. Available cryptocurrencies include Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Chainlink (LINK), EOS, Binance Coin (BNB), Stellar (XLM), Dogecoin (DOGE), Uniswap (UNI), Tezos (XTZ), Cardano (ADA), and Polkadot (DOT).

XTB offers trading in cryptocurrency CFDs. The supported cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Stellar (XLM), Dogecoin (DOGE), and others, totaling 50 major coins and 16 crypto pairs.

User-friendliness

OANDA’s crypto trading experience is integrated into its well-established forex trading platform, providing a seamless and user-friendly interface. The platform supports a range of cryptocurrencies and offers easy account funding options. OANDA’s strong regulatory framework and security features add an extra layer of trust for users .

XTB’s platform is designed to be intuitive and easy to use, making it suitable for both beginners and experienced traders. The platform supports a variety of cryptocurrencies and offers competitive spreads. XTB’s strong regulatory framework and educational resources also contribute to a positive user experience .

Value for money

OANDA provides good value with no deposit or withdrawal fees and competitive spreads on crypto CFDs. However, the platform’s above-average fees for certain transactions and inactivity fees might deter less active traders.

XTB offers excellent value with tight spreads and no deposit or withdrawal fees for most methods. Its comprehensive educational resources and transparent fee structure enhance its attractiveness, although inactivity fees apply after 12 months.

Countries of operation

United Kingdom, United States, European Union, Canada, Australia, Singapore .

United Kingdom, European Union, Dubai, Belize .

Best for

OANDA is best for traders who want the flexibility to trade both crypto CFDs and underlying crypto assets. Its strong regulatory framework and user-friendly app make it a good choice for those looking for a secure trading environment.

XTB is suitable for both beginners and advanced traders who want to trade a wide range of cryptocurrencies with tight spreads. Its comprehensive educational resources and strong regulatory framework make it a reliable choice for crypto trading.

Account

Trading

OANDA offers crypto CFD trading with a focus on transparency and regulation. The platform provides competitive spreads and leverage, making it a secure choice for trading cryptocurrencies.

XTB provides extensive crypto CFD trading options with over 50 cryptocurrencies available. The platform is known for its tight spreads and leverage options, making it suitable for active crypto traders.

Deposit and withdrawal

OANDA offers deposits and withdrawals via bank transfers, credit/debit cards, and e-wallets. The process is straightforward, but fees may apply for certain withdrawal methods, especially international transfers.

XTB offers free deposits and withdrawals via bank transfers, credit/debit cards, and e-wallets. The process is efficient, with most transactions processed quickly, though small fees may apply for low withdrawal amounts.

Account opening process

OANDA has a straightforward and fully digital account opening process. Users need to fill out an online form with personal and financial details and submit verification documents. Accounts are typically approved within one business day.

XTB offers a hassle-free and fully digital account opening process. Users need to fill out an online form with personal and financial information, and submit verification documents. Accounts are usually approved within one business day.

KYC required?

OANDA requires KYC verification. Users must submit personal identification documents and proof of address to open an account.

Yes, KYC is required at XTB. Users need to submit identification documents and proof of address during the account opening process.

Customer Service

OANDA provides strong customer support available 24/5 via phone, email, and live chat. The support team is generally responsive and knowledgeable, making it easy for users to resolve their issues.

XTB offers comprehensive customer support available 24/5 through phone, email, and live chat. The support team is known for being efficient and knowledgeable, ensuring users get the help they need promptly.

Security

XTB is regulated by top-tier authorities, including the FCA and CySEC. They provide negative balance protection and are listed on the Warsaw Stock Exchange, enhancing transparency and security.

Which of these exchanges is for you?

Alejandro Borja

As an expert on our website, I highly recommend OANDA for its reliability and robust security measures in cryptocurrency trading. OANDA’s regulation by top-tier authorities such as the FCA and CFTC ensures a secure trading environment. The platform offers a user-friendly experience with advanced charting tools and over 60 crypto trading pairs through its partnership with Paxos Trust Company. Despite its higher withdrawal fees and lack of leverage for crypto, OANDA is an excellent choice for traders seeking a trustworthy and well-regulated broker.

Xavier Tarrasó

As an expert, I find XTB to be a robust choice for cryptocurrency traders, especially those interested in CFDs. The platform offers a broad range of over 50 cryptocurrencies and 16 intra-crypto pairs, providing ample opportunities for diversified trading strategies. The xStation platform is particularly user-friendly, equipped with advanced charting tools and quick execution times, which enhances the overall trading experience. Furthermore, XTB’s strong regulatory oversight by entities like the FCA, CySEC, and KNF, coupled with its transparency as a publicly listed company, ensures a high level of trust and security for traders. However, the lack of support for MetaTrader 4 and 5 and the exclusive focus on CFDs might be limiting for some users. Overall, XTB is highly suitable for both novice and experienced traders looking for a reliable and transparent platform for crypto trading.

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How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Comparison of OANDA vs XTB [ 2024 ]

OANDA

XTB

Main points

Recommended for

Comparison of fees

Rating

Level

Brief explanation

OANDA

XTB

Product selection

Native token

Earns

NFT marketplace

Cripto/debit card

Company information

Full name

Regulation

Year founded

Founder

Payment methods

Transfers

Mastercard

Wire transfer

Card

Comparative table

Key features

Analysis tools

Mobile APP

Security

Additional features

Anonymity

Key points

Available cryptocurrencies

User-friendliness

Value for money

Countries of operation

Best for

Account

Trading

Deposit and withdrawal

Account opening process

KYC required?

Customer Service

Security

Which of these exchanges is for you?

How do we review crypto exchanges?

Risk Disclaimer

More comparatives OANDA and XTB