OANDA vs XM
A side-by-side comparison built from each broker's own published record — licenses checked against official registers, terms quoted from their own pages, with the source linked on every claim.
| Regulation | CFTC / NFA · FCA · ASIC · MAS · CIRO · Kanto Local Financial Bureau · BVI Financial Services Commission · KNF | CySEC · FSC · DFSA |
| License no. | CFTC / NFA NFA No. 0325821 FCA No. 542574 ASIC AFSL No. 412981 (ABN 26 152 088 349) MAS Capital Markets Services Licence (licence number not printed; Co. Reg. No 200704926K) CIRO not printed on site (CIRO member; CIPF-protected) Kanto Local Financial Bureau Kinsho Registration No. 2137 BVI Financial Services Commission SIBA/L/20/1130 (company no. 2026433) KNF authorization of April 26, 2004 (KPWiG-4021-54-1/2004) | CySEC 120/10 FSC not printed on public register (XM Global Limited listed as Active, categories: Trading in Securities as Principal; Arranging transactions in Securities, registration period 2026) DFSA F003484 |
| Founded | 1996 | 2009 |
| Minimum deposit | $0 | $5 |
| EUR/USD spread from | EUR/USD from 1.0 pip (spread-only Standard account) or 0.1 pip + commission (Core pricing) — OANDA Global Markets (BVI), https://www.oanda.com/bvi-en/cfds/our-pricing/ | "spreads as low as zero" (Zero Account); EURUSD-specific from-figure not published on public pages |
| Leverage | FCA (UK): Retail 30:1 major forex (3.33% margin); 20:1 non-major forex and gold (5.00% margin) BVI: 200:1 | CySEC (Cyprus): Up to 30:1, depending on instrument FSC Belize: Flexible leverage up to 1000:1 |
| Gulf Payments | ||
| Platforms | OANDA Trade web/desktop portal, OANDA Mobile app (fxTrade), MetaTrader 5, TradingView | MetaTrader 4, MetaTrader 5, XM App |
| Broker-published claim | Credit/debit cards: one to three business days; Skrill and Neteller: within one business day; bank or wire transfer: within two to five business days (financial institution may take additional time). [Source] | Withdrawal requests are processed instantly by our Artificial Intelligence Back Office System, based on algorithmic parameters. You'll receive your money immediately, or on the same day your request is executed. Withdrawals via bank wire, credit or debit card usually take 2-5 business days to reach your account. [Source] |
| Withdrawal methods | Visa/Mastercard credit and debit cards, Bank/wire transfer (incl. Wise), Skrill, Neteller, Local alternative payment methods (deposit only; withdrawn back via bank transfer) | Credit/debit cards, Electronic payment methods (e-wallets), Bank wire transfer, Local bank transfer |
| Crypto deposits/withdrawals | No | No |
| Islamic Accounts | Yes | Yes |
| Measured by us | Testing in progress | Testing in progress |
| Accepts clients from | Australia, Hong Kong, United Kingdom, Singapore, Thailand, Mexico, Taiwan, United Arab Emirates, Germany, Malaysia, Colombia, Italy, Vietnam, Chile, Indonesia | Germany, Italy, United Arab Emirates, Kenya, Saudi Arabia, Malaysia, Turkey, China, Taiwan, Thailand, Vietnam, Indonesia |
| Open account | Open account |
We do not name a winner here. The two records sit side by side because the right answer depends on where you live, what you trade, and which entity would onboard you — all of which the table shows.
By Country
- OANDA + XM: Thailand, Taiwan, United Arab Emirates, Germany, Malaysia, Italy, Vietnam, Indonesia
- OANDA Yes / XM No: Australia, Hong Kong, United Kingdom, Singapore, Mexico, Colombia, Chile
- XM Yes / OANDA No: Kenya, Saudi Arabia, Turkey, China
Is OANDA or XM better?
Neither is better in the abstract. Compare the rows that apply to you: whether each broker accepts clients from your country, which entity and regulator you would be onboarded under, the minimum deposit, and how withdrawals work on the rail you would actually use.
Which is safer, OANDA or XM?
Safety follows the entity that holds your money, not the brand. Both records list every regulator and license number each broker publishes — check which entity serves your country, then verify that license on the regulator's own register.