Oanda Vs. Swissquote - Compare and Choose the Right One

Oanda is an international Forex broker founded in 1996 with headquarters in the United States. Oanda specialises exclusively in currency trading solutions for all trader levels. Their greatest selling points are their strong regulatory framework and robust proprietary platforms.

Swissquote is a global broker and investment bank headquartered in Switzerland that offers traditional securities and CFD trading along with advanced research tools.

• Forex traders of all levels (from beginner to advanced)

• Traditional equity investors looking for a broad range of markets
• Experienced traders looking to benefit from their amazing research tools

• CFTC (U.S)
• NFA (U.S)
• ASIC (Australia)
• FCA (UK)
• MAS (Singapore)
• IIROC (Canada)
• FFAJ (Japan)
• BVI (British Virgin Islands)

• FCA (UK)
• ADGM (United Arab Emirates)
• FINMA (Switzerland)
• MFSA (Malta)
• HKMA (Hong Kong)

• High trustworthiness, regulated by the best regulators in the world
• Fast, simple and professional trading platforms
• Competitive spreads in their currency pairs

• Outstanding asset offering with more than 60 exchanges across the world
• Amazing research and analysis tools for all trader levels
• Thematic investments with preconfigured product baskets
• Offers banking services along with debit card

• Extremely limited offering of assets (104)
• No ability to purchase real stocks or cryptocurrencies, only CFDs

• Their proprietary platform lacks many features and is not user friendly
• Their commissions are extremely high
• Overall everything feels complicated to use

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• Valid identity document (Passport, ID Card, etc)
• Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

*There is no document verification needed for gross account deposits below US$9,000.

• Valid identity document (Passport, ID Card, etc)
• Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

Varies per account type and selected trading platform. From $0 up to $5,000.

• Visa
• Mastercard
• Bank Transfer
• Paypal

• Visa
• Mastercard
• Bank Transfer

CFDs on currencies, commodities, cryptocurrencies, indices and bonds.

• Real stocks, ETFs and options
• CFDs on currencies, commodities, stocks, indices, ETFs, cryptocurrencies and bonds

All Oanda's assets are CFDs. In the case of commodities, they only have 13, but each commodity has various trading pairs against several different currencies, eg: GOLD/EUR, GOLD/CHF, etc.

Credit and Debit cards are free, when it comes to Bank transfer depends on the account's base currency (eg: the first withdrawal costs $, €, £ 20 and any subsequent ones 35). In the case of SGD, there are no fees.

No, but they do charge currency conversion fees. If your account base currency is GBP and you trade the EUR/USD pair, you'll be paying a conversion fee.

For CFDs there are no commissions as the spreads are the cost. For other assets from $9 up to $210 based on transaction volume and depending on the exchange.