Head to head
OANDA vs Swissquote
OANDA is licensed by CFTC / NFA in the United States, FCA in the United Kingdom, KNF in the European Union, CIRO in Canada, ASIC in Australia, MAS in Singapore and JFSA in Japan, and also has an offshore registration. Swissquote is licensed by FINMA in Switzerland; FCA in the United Kingdom; CySEC in the European Union; SFC in Hong Kong and DFSA in Dubai (DIFC), UAE. The licence that applies to you depends on where you live, so check which company you would contract with before comparing anything else.
Minimum deposits start at $0 at OANDA and $1,000 at Swissquote (the Prime account needs $50,000). Only OANDA offers negative balance protection and segregated client money.
Facts last checked: OANDA on 20 October 2026, Swissquote on 20 October 2026.
Monthly cost uses the account chosen in each slot: cost per lot × your lots. Swap and other fees are extra. The lowest monthly cost is highlighted only as a fact about cost, not as a recommendation.
Broker
Comparing
OANDAUnited States
SwissquotePrime account · Switzerland
Overview
Founded
Not yet checked
Not yet checked
Headquarters
Not yet checked
Switzerland
Official websites
- oanda.com
- oanda.sg
- swissquote.com
- swissquote.ch
- swissquote.co.uk
- swissquote.eu
- swissquote.cy
Facts last checked
20 October 2026
20 October 2026
Regulation and protection
Company you would contract with
OANDA Corporation
Swissquote Bank Ltd (Swissquote Bank SA)
Regulation level
Strictly regulated
Strictly regulated
Clients this company serves
US residents (retail forex; registered futures commission merchant and retail foreign exchange dealer)
Swiss residents and international clients not served by a local Swissquote company
All licences held
- CFTC / NFA (United States)
- FCA (United Kingdom)
- KNF (European Union)
- CIRO (Canada)
- ASIC (Australia)
- MAS (Singapore)
- JFSA (Japan)
- FSC (BVI) (British Virgin Islands)
- FINMA (Switzerland)
- FCA (United Kingdom)
- CySEC (European Union)
- SFC (Hong Kong)
- DFSA (Dubai (DIFC), UAE)
FSCS (UK, OANDA Europe Limited clients); CIPF (Canada); other countries have their own schemes or none
Swiss depositor protection up to CHF 100,000 (Swissquote Bank); FSCS up to £85,000 (UK); ICF up to €20,000 (Cyprus)
Costs
Your monthly cost
No accounts listed
$120$12 per lot × 10 lots
Typical GBP/USD spread
Not yet checked
1.6 pips
Typical USD/JPY spread
Not yet checked
Not yet checked
Typical XAU/USD spread
Not yet checked
Not yet checked
Leverage and margin
1:30 on major currency pairs (UK and EU retail clients); other companies set their own limits
1:30 on major pairs (UK, EU); 1:100 standard at Swissquote Bank
Retail leverage by asset class
- Major currency pairs: 1:30
- Other currency pairs: 1:20
- Other commodities and non-major indices: 1:10
- Share CFDs: 1:5
- Major currency pairs (UK: 1:30
- EUR/USD and other major pairs (Swissquote Bank): 1:100 (1% margin)
- Gold (Swissquote Bank): 1:50 (2% margin)
Stop-out level
Not yet checked
30%
Account
Minimum deposit (this account)
No accounts listed
$50,000
Platforms and features
Platforms
- OANDA Trade web
- OANDA Trade mobile app
- MetaTrader 4
- MetaTrader 5
- TradingView
- MetaTrader 4
- MetaTrader 5
- CFXD
- TradingView
- FIX API
Markets
Currency pairs, indices, commodities, metals, bonds, shares and ETFs as CFDs and spread bets (UK)
About 130 currency pairs, metals and CFDs on indices, commodities and bonds
Copy trading
Not yet checked
Not yet checked
Expert advisors (automated trading)
Yes
Yes
News trading allowed
Not yet checked
Not yet checked
Guaranteed stops
Yes
Not yet checked
Deposits and withdrawals
Deposit methods
- Debit or credit card
- Bank transfer
- Bank transfer
Withdrawal fee
No deposit or withdrawal fees from OANDA (UK); your bank may charge
Not yet checked
Inactivity fee
Monthly fee after 12 months without trading, capped at £20 a month per client (UK)
10 units of the account currency a month after 6 months without activity
Support
Customer support
Not yet checked
Not yet checked
Our notes
Strengths
- Licensed by strict regulators in the US, UK, EU, Canada, Australia, Singapore and Japan
- No minimum account balance and no deposit or withdrawal fees on the UK site
- Guaranteed stop-loss orders available in the UK (for a fee)
- Forex accounts held with a Swiss bank supervised by FINMA, with Swiss depositor protection up to CHF 100,000
- Subsidiaries licensed by the FCA, CySEC and Hong Kong's SFC
- Spread-only pricing with no commission on forex, and live spreads shown per account on its website
Watch out for
- Clients outside the countries with a local OANDA company may be placed with OANDA Global Markets Ltd, which holds only an offshore licence from the BVI FSC
- UK inactivity fee after 12 months without trading, up to £20 a month
- The NFA's BASIC record for OANDA Corporation lists past NFA and CFTC regulatory actions; read them there before you open a US account
- High entry level: $1,000 for Standard, $10,000 for Premium and $50,000 for Prime.
- At Swissquote Bank, Swissquote warns that losses are in theory unlimited and you may have to pay in more if your balance falls below margin
- Inactivity fee of 10 a month in the account currency after only 6 months
- Says Swissquote South Africa (Pty) Ltd holds FSCA licence 43908 (advice and intermediary services); we could not confirm it on the FSCA register on 2026-10-20.
Choose at least one broker above to start comparing.
Risk warnings
The buttons to a broker’s website above the table are partner links: we may earn a commission if you open an account through them. That never changes the facts shown here. Trading leveraged products such as forex and CFDs carries a high risk of losing money rapidly, and most retail accounts lose money. Each broker’s own warning:
- OANDA: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
- Swissquote: Trading leveraged products on the Forex platform, such as foreign exchange, spot precious metals and Contracts for Difference (CFDs), involves significant risk of loss due to the leverage and may not be suitable for all investors. Prior to opening an account with Swissquote, consider your level of experience, investment objectives, assets, income and risk appetite. Losses are in theory unlimited and you may be required to make additional payments if your account balance falls below the required margin level and therefore you should not speculate, invest or hedge with capital you cannot afford to lose, that is borrowed or urgently needed or necessary for personal or family subsistence. Over the past 12 months, 68.22% of retail investors have either lost money when trading CFDs, experienced a total loss of their margin at the closing of their position or ended up with a negative balance after closing their position.
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Cost per lot is the typical EUR/USD spread in busy hours × $10, plus any round-turn commission, for one standard lot. “Not yet checked” means we have not confirmed that fact yet. This page compares facts; it does not rank the brokers or recommend either. Confirm costs and licences on each broker’s site and the regulator’s public register before opening an account: see how we review brokers and check a broker yourself.
Nothing on this page is financial advice. Read the full disclaimer.