Exness vs OANDA Comparison & Reviews

FeatureExnessOANDA
RegulationFCA (UK), CySEC (Cyprus), FSA (Seychelles), FSCA (South Africa)FCA (UK), NFA & CFTC (US), ASIC (Australia), IIROC (Canada)
Instruments OfferedForex, Cryptocurrencies, Metals, Energies, Stocks, IndicesForex, Cryptocurrencies, Commodities, Bonds, Indices
Account TypesStandard, Pro, Zero, Raw SpreadStandard, Premium, Core
Minimum Deposit$1 for Standard accounts, $500 for Professional accountsNo minimum deposit
LeverageUp to 1:2000 (for retail clients, depending on region)Up to 1:50 (US clients), up to 1:200 (International clients)
Trading PlatformsMetaTrader 4 (MT4), MetaTrader 5 (MT5), Exness TerminalOANDA fxTrade, MetaTrader 4 (MT4)
Execution SpeedUltra-fast execution (0.01 seconds)Market execution
Spread TypesVariable, Tight spreads (starting from 0.0 pips on some accounts)Variable, Tight spreads (starting from 0.1 pips)
CommissionsNo commissions on Standard accounts, Commissions on Zero and Raw Spread accountsCommissions on Core account, No commission on Standard and Premium
Deposit & Withdrawal FeesNo deposit fees, No withdrawal feesNo deposit fees, Withdrawal fees depending on method used
Payment MethodsBank Transfer, Credit/Debit Card, Neteller, Skrill, Perfect Money, CryptocurrenciesBank Transfer, Credit/Debit Card, PayPal, Skrill, Neteller
Trading Hours24/5 (Forex and CFDs), 24/7 (Cryptos)24/5 (Forex and CFDs)
Demo AccountYes, UnlimitedYes, Unlimited
Educational ContentWebinars, Video tutorials, Economic calendar, ArticlesWebinars, Video tutorials, Economic calendar, Market insights
Research ToolsTrading Central, AutoChartist, Economic calendarEconomic calendar, News feed, Sentiment analysis, MarketPulse
Customer Support24/7, Multilingual support (Phone, Email, Live Chat)24/5, Multilingual support (Phone, Email, Live Chat)
Copy TradingYes (Social trading via app)No
Bonuses & PromotionsPromotions may vary by regionNone (due to regulatory restrictions in some regions)
Islamic AccountYes (swap-free account available)Yes (swap-free account available)
Available CountriesGlobal (except US, Canada, some countries)Global (except US states like Hawaii)
Order TypesMarket, Limit, Stop, Trailing Stop, OCOMarket, Limit, Stop, Trailing Stop
Order Execution PolicyInstant and market execution optionsMarket execution only
Slippage ProtectionYes, with advanced order typesYes, but slippage may occur in volatile markets
Stop-Loss and Take-ProfitYes, available for all order typesYes, available for all order types
Negative Balance ProtectionYes, available to retail clientsYes, depending on region
Margin Call Level60% (varies by account type)50% (US), 20% (International)
Stop Out Level0% - 30% (depending on account type)50% (US), 20% (International)
Charting ToolsBuilt-in tools in MT4/MT5 (50+ indicators), Customizable chartsAdvanced charting in fxTrade, TradingView integration
Mobile TradingFull-featured MT4/MT5 mobile apps, Exness Trader appOANDA mobile app (fxTrade), MT4 mobile app
API TradingYes, via MetaTrader APIsYes, OANDA's proprietary API
VPS HostingFree VPS for eligible clientsFree VPS for clients meeting certain trading volume
Account Currency OptionsMultiple currencies, including USD, EUR, GBP, AUD, CryptosUSD, EUR, GBP, CAD, JPY, SGD, HKD, more
Affiliate ProgramYes, with referral bonusesYes, with competitive commissions
Social TradingYes, Exness Social Trading appNo
Algorithmic Trading SupportYes, via Expert Advisors (EAs) on MT4/MT5Yes, via OANDA's API and MT4 Expert Advisors
Historical Data AccessAvailable for all assets, downloadable from MT4/MT5 platformAvailable for all assets via fxTrade and API
Trading Fees TransparencyHighly transparent, with detailed fee structures per accountHighly transparent, detailed cost breakdown provided
Spread Comparison ToolsAvailable in the platform to compare real-time spreadsYes, historical spread data provided for comparison
News Feed IntegrationIntegrated in MT4/MT5 platforms, Real-time market newsIntegrated news feed in fxTrade, MarketPulse
Social Media PresenceActive on YouTube, Facebook, Twitter, InstagramActive on YouTube, Facebook, Twitter, LinkedIn
Reputation for BeginnersBeginner-friendly account options and educational resourcesKnown for beginner support, with simple platform and resources
Advanced Trading ToolsRisk Management Tools, Position Calculator, Strategy TesterAdvanced Order Management, Custom Indicators
Customizable DashboardYes, customizable trading dashboard in MT4/MT5Yes, customizable dashboard in fxTrade
Fractional Lot TradingYes, micro-lot (0.01 lots) availableYes, micro-lot (0.01 lots) available
Withdrawal Processing TimeInstant withdrawals for most methodsTypically within 1 business day for most methods
Market Analysis ReportsDaily, Weekly, Monthly market reports availableExtensive market analysis reports, OANDA's MarketPulse
Scalping and Hedging AllowedYes, both allowedYes, both allowed
Account Verification SpeedFast, typically within minutes to a few hoursVaries by region, can take a few hours to several days
PAMM/MAM AccountsYes, offers MAM (Multi-Account Manager) accountsNo, does not offer PAMM or MAM accounts
Trading ContestsOccasionally, region-specific promotions and trading contestsNo regular trading contests
Swap-Free OptionsYes, available for Islamic accountsYes, available for Islamic accounts
Corporate/Business AccountsYes, available for businessesYes, available for businesses
Trading SignalsYes, through MetaTrader platform (MT4/MT5 signals)No proprietary signal service, can integrate external services
RequotesRare, thanks to fast executionNo requotes with market execution
Execution on Volatile MarketsConsistently fast even in volatile marketsSlippage may occur during extreme volatility
Order Fill RateHigh, with a near-100% fill rate in stable conditionsHigh, generally reliable in stable market conditions
Deposit ProtectionOffers investor protection based on jurisdictionOffers investor protection (FCA, ASIC)
Guaranteed Stop-LossNot guaranteed, subject to market conditionsNot guaranteed, may experience slippage
Trailing StopsYes, available in MT4/MT5Yes, available in OANDA's platform and MT4
Order Time-in-Force OptionsGTC (Good till Canceled), FOK (Fill or Kill), IOC (Immediate or Cancel)GTC, FOK, IOC
Slippage ControlAvailable, can set slippage toleranceAvailable, can set slippage tolerance
Interest on Idle FundsNo interest on uninvested fundsNo interest on uninvested funds
Micro vs. Standard Lot TradingMicro-lot and standard lot both availableMicro-lot and standard lot both available
Currency Conversion FeesNo currency conversion fees for most deposits/withdrawalsCurrency conversion fees apply if trading in non-account currencies
Maximum Trade SizeLarge trade sizes allowed, typically up to 200 lots per positionLarge trade sizes allowed, depends on asset liquidity
Hedging RestrictionsNo restrictions, full hedging allowedNo restrictions, full hedging allowed
Third-Party Trading PluginsSupports various third-party trading pluginsSupports MT4 plugins, but limited for fxTrade
CFD ExpiriesNo expiry for most CFDsSome CFDs (like certain commodities) may have expiries
Price AlertsAvailable on MT4/MT5 and Exness appAvailable on OANDA's mobile app and platform
Overnight Fees (Swaps)Variable based on asset and market conditionsVariable based on asset and market conditions
User Interface CustomizationHighly customizable in MT4/MT5 and Exness appCustomizable in fxTrade but more limited than MT4
Guaranteed Withdrawals Processing TimeUsually instant or within a few minutes for most payment methodsCan take up to 1-3 business days, depending on method
Leverage AdjustmentsDynamic leverage, adjusted automatically based on trading volumeLeverage changes based on region and asset class
Trading RestrictionsVery few restrictions, some restrictions in highly regulated regionsRestricted leverage in some highly regulated regions (like the US)
Professional AccountsYes, offers higher leverage and lower spreads for professional clientsYes, professional accounts available with higher leverage
Availability of Negative News AlertsYes, integrated with MT4/MT5 news feedYes, through MarketPulse and economic calendar
API Documentation & SupportFull API documentation available for developersComprehensive API with extensive developer support
Real-time Position MonitoringYes, via MT4/MT5 and Exness appYes, via fxTrade platform and mobile app
Trailing Stops Execution TypeServer-side execution (no need to keep platform open)Server-side execution (no need to keep platform open)
Platform DowntimeRare, high uptime due to robust infrastructureMinimal downtime, known for reliability
Referral BonusesYes, varies by region, frequently offeredNo, due to regulatory constraints in many regions
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