Side-by-side regulation, cost, platforms, and score -- generated from the same disclosed data and methodology behind our rankings.
| XM | OANDA | |
|---|---|---|
| Overall score | 3.42 / 5 | 3.84 / 5 |
| Regulation | CySEC No. 120/10 + FCA-licensed (FRN unconfirmed) + FSA Seychelles No. SD010 FCA-licensed; firm reference number not independently confirmed. XM also operates a second Seychelles-licensed entity, XM (SC) Limited, under licence SD190 |
FCA No. 542574 OANDA was acquired by FTMO (the Czech "funded trader" prop-trading firm) from CVC Capital Partners effective 1 December 2025; FTMO says it will run OANDA as a standalone business -- a very recent ownership change worth confirming hasn't affected service before relying on it. |
| Entity | Trading Point of Financial Instruments Ltd | OANDA Europe Limited |
| Founded | 2009 | 1996 |
| Headquarters | Limassol, Cyprus | New York, USA (deep Canadian roots -- co-founded by a University of Toronto professor, with a long-standing Toronto presence) |
| Minimum deposit | $5 | Not independently confirmed |
| Avg. spread (EUR/USD) | 1.1 pips | Not independently confirmed |
| Platforms | MT4, MT5 | MT4, MT5, Proprietary (OANDA Trade / fxTrade) |
| Other Tier-1 regulators | ASIC, DFSA | ASIC, NFA/CFTC (US), CIRO, MAS |
| Instruments | 1,000+ across forex, stocks, indices, commodities, metals, crypto | 70+ forex pairs plus indices, metals/commodities, share CFDs, ETF CFDs, and crypto CFDs (crypto CFDs not available to UK/EU retail clients), per OANDA's own instrument-specification page. No official total instrument count; one third-party estimate of ~1,700 symbols is unverified. |
| Visit | Visit XM | Visit OANDA |
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