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OANDA vs Vantage 2022

BrokerNotes.co

Written by BrokerNotes.co

November 08, 2022

Trying to decide between OANDA and Vantage? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, OANDA ranks more highly than Vantage.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall RatingOANDAVantageIG
Overall Rating8 / 107.4 / 109.7 / 10
Account TypeOANDAVantageIG
Standard Trade Size (100,000 units)YesYesYes
Mini Trade Size (10,000 units)YesYesYes
Micro Trade Size (1,000 units)YesYesYes
Islamic AccountYesYesNo
Copy TradingOANDAVantageIG
Social Trading / Copy TradingYesYesYes
DupliTradeNoYesNo
ZuluTradeYesYesNo
CryptocurrencyOANDAVantageIG
Cryptocurrency (Physical)YesNoNo
Cryptocurrency (CFD)YesYesYes
BitcoinYesYesYes
ethereumYesYesYes
Forex Trading (Spot or CFDs)OANDAVantageIG
Forex Trading (Spot or CFDs)YesYesYes
Mobile Trading - Forex or CFDsYesYesYes
Indices (Index CFDs)OANDAVantageIG
DAXYesYesYes
Dow JonesYesYesYes
FTSEYesYesYes
NASDAQ 100YesYesYes
NikkeiYesYesYes
SP 500YesYesYes
InvestmentsOANDAVantageIG
Forex Trading (Spot or CFDs)YesYesYes
Spread BettingYesYesYes
Social Trading / Copy TradingYesYesYes
MetalsYesYesYes
EnergiesYesYesYes
AgriculturalsYesYesYes
ETFNoNoYes
U.S. Stocks (CFD)NoYesYes
Trading PlatformsOANDAVantageIG
Apple iOS AppYesYesYes
Android AppYesYesYes
Proprietary PlatformYesYesYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)YesYesNo
Regulatory LicensesOANDAVantageIG
Tier-1 Licenses627
ASIC Authorised (Australia)YesYesYes
IIROC Authorised (Canada)YesNoNo
FCA Authorised (U.K.)YesYesYes
SFC Authorised (Hong Kong)NoNoNo
MAS Authorised (Singapore)YesNoYes
FINMA Authorised (Switzerland)NoNoYes
CFTC Registered (USA)YesNoYes
Tier-2 Licenses002
Tier-3 Licenses121
Research, EducationOANDAVantageIG
Trading Central (Recognia)NoYesNo
Forex News (Top-Tier Sources)YesYesYes
Daily Market CommentaryYesYesYes
AutochartistYesNoYes
Investor Dictionary (Glossary)YesYesYes
Videos - Beginner Trading VideosYesNoYes
Client Webinars (Archived)YesNoYes
Trading CostsOANDAVantageIG
Minimum Initial Deposit$0$50£250.00
Average Spread EUR/USD - Standard1.26 (5/22-5/27/22)1.22 (August 2021)0.86 (September 2022)
All-in Cost EUR/USD - Active1.26 (5/22-5/27/22)0.75 (August 2021)0.5957 (September 2022)
Active Trader or VIP DiscountsYesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Visa/Mastercard (Credit/Debit)YesYesYes
PayPal (Deposit/Withdraw)YesNoYes
Trading ToolsOANDAVantageIG
Watchlists - Total Fields6714
Mobile WatchlistYesYesYes
Charting - Indicators / Studies (Total)813033
Mobile Charting - Indicators / Studies333033
Trust FactorsOANDAVantageIG
Year Founded199620091974
Publicly Traded (Listed)NoNoYes
BankNoNoYes
Authorised in European UnionYesYesYes
Trust Score928399
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OANDA vs Vantage Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare OANDA vs Vantage.

Can I trust OANDA?

OANDA has a trust score of 92, giving it a "Highly Trusted" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are – in most cases – operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a “Do Not Trust” rating.

Can I trust Vantage?

Vantage has a trust score of 83, giving it a "Trusted" trust label.

Is OANDA a good broker?

OANDA is a long-standing broker that is highly regulated and trusted across the world by forex and CFD traders. OANDA has strong market research, and offers connectivity to numerous platforms and third-party plugins (including integrated charts from TradingView). The only downside with using OANDA is its comparatively small range of markets and industry-average spreads.

Is Vantage a good broker?

Vantage is a trusted brand that offers a growing range of markets along with support for the MetaTrader platform suite, social copy-trading platforms, full integration with TradingView, and a proprietary mobile app. That said, its educational content and market research materials can't compete with the best forex brokers.

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. OANDA is ASIC Authorised (Australia), IIROC Authorised (Canada), FSA Authorised (Japan), MAS Authorised (Singapore), FCA Authorised (U.K.) and CFTC Registered (USA), while Vantage is ASIC Authorised (Australia) and FCA Authorised (U.K.)., neither have SFC Authorised (Hong Kong), CBI Authorised (Ireland), FMA Authorised (New Zealand) and FINMA Authorised (Switzerland)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, unfortunately, neither OANDA nor Vantage are CBRC Authorised (China), CySEC Authorised (Cyprus), SEBI Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia), FSCA Authorised (South Africa), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE)., neither have DFSA / Central Bank Authorised (UAE). When comparing tier-3 licenses OANDA is FSC Authorised (British Virgin Islands), while Vantage is CIMA Authorised (Cayman Islands) and VFSC Authorised (Vanuatu)., neither have SCB Authorised (Bahamas), IFSC Authorised (Belize), BMA Authorised (Bermuda) and FSC Authorised (Mauritius).

Which broker offers more trading platforms?

For trading platforms OANDA supports a Proprietary Platform, Desktop Platform (Windows) and ZuluTrade, whereas Vantage supports a Proprietary Platform, Desktop Platform (Windows), DupliTrade and ZuluTrade., neither have cTrader

Does OANDA offer MetaTrader? Does Vantage offer MetaTrader?

Both OANDA and Vantage offer the whole MetaTrader suite, which consists of both MetaTrader 4 and MetaTrader 5. If you’re new to MetaTrader 4 here’s our educational guide on how to use MT4.

How do OANDA and Vantage differ in terms of minimum deposit? What about average spreads and funding options?

OANDA requires a minimum deposit of $0, while Vantage requires a minimum deposit of $50. From our testing we found OANDA offers spreads of 1.26 (5/22-5/27/22), while Vantage offers spreads of 1.22 (August 2021). OANDA supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for popular funding options, where Vantage supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw).

Which brokers offers more tradeable asset classes, OANDA or Vantage?

OANDA offers a more diverse selection of investment options than Vantage allowing you to trade Forex Trading (Spot or CFDs), Spread Betting, Social Trading / Copy Trading, Metals, Energies and Agriculturals., neither have ETF Looking at total tradeable symbols, OANDA has 124, compared to 257 from Vantage.

Can I trade cryptocurrency with OANDA or Vantage?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative — including spot forex contracts. In terms of trading physical cryptocurrency neither OANDA nor Vantage allow you to trade physical cryptocurrencies.

Who offers more research tools, OANDA or Vantage?

In terms of research and research tools OANDA gives traders the following tools: Autochartist, Daily Market Commentary, Forex News (Top-Tier Sources) and Social Trading / Copy Trading. In comparison Vantage has the tools listed here: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading.

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