Side-by-side comparison of OANDA and XM on every dimension professional traders care about — from fees and leverage to regulators, scalping rules, and EA support. Updated May 2026.
OANDA is an American broker founded in 1996, the most established in the industry. Strongly regulated: CFTC + NFA + FCA + ASIC. Famous for institutional-grade execution and economic-data tools.
XM is one of the largest forex brokers with 10+ million clients in 196 countries. Famous for its $30 No Deposit Bonus and free educational content for new traders.
OANDA wins 8/13 categories — the better all-round choice.
| Field | OANDA | XM |
|---|---|---|
| Rebate per lot | $6.50 / lot | $11 / lot |
| Spread from | 0.1 pips | 0.6 pips |
| Execution speed | 40 ms | 65 ms |
| Max leverage | 1:50 (US) / 1:200 (Intl) | 1:1000 |
| Min deposit | $0 | $5 |
| User rating | 4.5 / 5 (4,520) | 4.4 / 5 (4,310) |
| Trust score | 9.21 / 10 | 8.50 / 10 |
| Execution type | Market Maker / STP | Market Execution / NDD |
| Liquidity providers | 18+ | 12+ |
| Regulators | CFTC (US) · NFA (US) · FCA (UK) #542574 | ASIC (AU) #443670 · CySEC (CY) #120/10 · IFSC (BZ) #000261/397 |
| Platforms | MT4 · MT5 · OANDA Web · OANDA Mobile · TradingView · API | MT4 · MT5 · XM WebTrader · XM Mobile |
| Payout frequency | รายเดือน | รายวัน |
| Withdrawal time | 1-2 วันทำการ | ภายใน 24 ชม. |
| Swap-free / Islamic | — | ✓ |
| Scalping allowed | ✓ | ✓ |
| EA / algo allowed | ✓ | ✓ |
| Negative balance protection | ✓ | ✓ |
