Updated September 29, 2026 · BrokerCue Editorial Team
Exness vs OANDA
What sets them apart
| Compare |  Exness |  OANDA |
|---|---|---|
| Minimum deposit | $10 | $0Lower |
| Markets | Stocks, Forex, CFDs, Crypto, Metals | Stocks, ETFs, Forex, CFDs, Crypto, Bonds |
| Regulators | FCA, CySEC, FSA Seychelles, FSCA | FCA, CFTC |
| Maximum retail leverage | 1:Unlimited | 1:30 |
| Stock trade fee | $0 | Not confirmed |
| Inactivity fee | $0 | Not confirmed |
| Retail accounts that lose money | Not confirmed | 72% |
| Deposit and withdrawal fees | no deposit or withdrawal fee | Not confirmed |
| Platforms | MT4, MT5, Exness Terminal, Exness Trade App | Not confirmed |
Same on both: Investor protection (FSCS up to GBP 85,000).
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Key differences
- OANDA scores higher overall: 9.5 vs 9.4.
- Regulators: only Exness offers CySEC, FSA Seychelles, FSCA.
- Regulators: only OANDA offers CFTC.
- Founded is lower at OANDA: 1996 vs 2008.
- Exness is licensed in 2 more countries.
- Minimum deposit is lower at OANDA: $0 vs $10.
- Markets: only Exness offers Metals.
- Markets: only OANDA offers ETFs, Bonds.
Our verdict on each
Exness
Exness suits beginners and day traders who want to place stock trades without a dealing charge, with a stock trade fee of $0 and an inactivity fee of $0. Regulators listed are the FCA, CySEC, the FSA Seychelles and the FSCA, with FSCS up to GBP 85,000 stated for UK clients.
OANDA
OANDA fits traders who want to open an account without a minimum deposit and sit under regulators on both sides of the Atlantic. Its overall score is 8.4 with a cost score of 8.4, though the retail loss rate of 72% is a reminder that most balances do not survive the trading.
Score breakdown
| Area | Exness | OANDA |
|---|---|---|
| Cost | 9.3 | 9.7Higher |
| Offer | 9.6Higher | 9.3 |
| Trust | 9.5 | 9.5 |
Where each is licensed and available
| Country | Exness | OANDA |
|---|---|---|
| United Kingdom | FCA 542574 | |
| Cyprus | Not confirmed | |
| Seychelles | Not confirmed | |
| South Africa | FSCA 51024 | Not confirmed |
| United States | Not confirmed | CFTC 0325821 |
Choosing between them
Pick Exness if offer matter most.
Pick OANDA if cost and minimum deposit matter most.
Side by side, item by item
| Markets | Exness | OANDA |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | No | Yes |
| Forex | Yes | Yes |
| CFDs | Yes | Yes |
| Crypto | Yes | Yes |
| Bonds | No | Yes |
| Metals | Yes | No |
How they place
| Ranking | Exness | OANDA |
|---|---|---|
| Stock and ETF brokers | 45 of 490 | 42 of 490 |
| Forex brokers | 19 of 147 | 17 of 147 |
| Low-spread forex brokers | 17 of 145 | 15 of 145 |
| CFD brokers | 15 of 122 | 14 of 122 |
Every fact side by side
| Fact | Exness | OANDA |
|---|---|---|
| Features | Not confirmed | Demo account, Mobile app |
| Pricing model | Commission free, Low fees | Not confirmed |
| Audience | Beginners, Day traders | Not confirmed |
| Legal entity | Exness (SC) Ltd | OANDA TMS Brokers S.A. |
| Headquarters | Cyprus | United States |
| Founded | 2008 | 1996Lower |
| Support channels | Not confirmed | Email, Phone |
Where each stands against the rest
| Fact | Exness | OANDA | Median |
|---|---|---|---|
| Minimum deposit | $10at the median | $0below the median | $10 |
| Stock trade fee | $0at the median | Not confirmed | $0 |
| Inactivity fee | $0at the median | Not confirmed | $0 |
| Retail accounts that lose money | Not confirmed | 72%above the median | 70.375% |
Median across 99 listed brokers.
Pros and cons
Exness
Pros
- A $0 stock trade fee, with the pricing model read as commission-free and low-fee.
- An inactivity fee of $0, so a dormant balance is not billed.
- Deposits and withdrawals carry no charge, so moving money costs nothing.
Cons
- Retail leverage is listed at 1:Unlimited, and 70.15% of retail accounts on this site lose money.
- Regulators listed include the FSA Seychelles and the FSCA alongside the FCA and CySEC, so the entity behind an account can differ by market.
- The market list, stocks, forex and cfds, stops short of ETFs and futures, so share investors wanting those should look elsewhere.
OANDA
Pros
- No minimum deposit: $0 means the account opens without putting money in first, and OANDA sits at the top of our minimum deposit ranking, ahead of Vantage and its $5.
- Regulated in Britain and the US: FCA and CFTC covers an FCA licence 542574 and a CFTC registration 0325821.
- UK balances sit under protection of FSCS up to GBP 85,000, which pays compensation if the firm cannot return the money.
Cons
- Support runs on email and phone only, which leaves anyone wanting a live chat desk looking at other brokers.
- A retail loss rate of 72% is no better than the site figure of 70.15%, so the risk sits at the sector norm.
- Retail leverage of 1:30 magnifies losses as quickly as gains, and a $0 entry point makes it easy to size positions too large.
Who each suits
Exness
Who it suits
- Beginners and day traders, the audiences the brand names.
- Traders who want a $0 stock trade fee and an inactivity fee of $0 on the same account.
- Desktop and mobile users who want to trade across MT4, MT5 and Exness Terminal.
Who should look elsewhere
- CFI, where the minimum deposit is $0.
- Vantage, with a minimum deposit of $5.
- eToro, which also covers ETFs and futures beyond the markets listed here.
OANDA
Who it suits
- Traders who want to open an account and start small: the minimum deposit of $0 removes the barrier to funding later.
- Anyone who checks regulators before depositing, since FCA and CFTC and protection of FSCS up to GBP 85,000 are both on record.
- Forex traders who also want shares, ETFs, CFDs, crypto and bonds under one roof: stocks, etfs and forex.
Who should look elsewhere
- Futures traders, who get a longer list at eToro, where stocks, etfs and forex adds futures to the stocks, etfs and forex on offer here.
- Traders who want nothing beyond shares, ETFs, forex, CFDs and crypto, since CFI's stocks, etfs and forex covers that core without the bonds.
Questions about each
Exness
What does Exness charge to buy a stock?+
Share dealing runs at a stock trade fee of $0, and the pricing model is listed as commission-free and low-fee. On this site's stock trade fee ranking Exness sits at 1 of 161, so the per-trade cost sits at the cheap end of the brands compared. Deposits and withdrawals carry no charge either.
Does Exness charge an inactivity fee?+
The inactivity fee is $0, so a dormant account is not billed for sitting still. Exness ranks 1 of 56 on this measure, at the top of the table of brands compared. Some rivals charge for unused accounts, so this saves money for anyone who opens an account and leaves it quiet for a while.
OANDA
What is the minimum deposit for an OANDA account?+
OANDA lists a minimum deposit of $0, so you can open an account without funding it and add money later. On our minimum deposit ranking that places OANDA at position 1 of 213 brands, well clear of the field. Vantage, by contrast, asks for $5 before trading starts.
How is my money protected if something goes wrong?+
UK clients sit under investor protection of FSCS up to GBP 85,000, the compensation paid if the firm cannot return the balance. The regulator behind that cover is named in FCA and CFTC, and the FCA licence number is 542574. US clients fall under the CFTC registration, 0325821, which is a separate arrangement.