OANDA vs Swissquote (2026): regulation, platforms and costs compared

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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan

OANDA

Trust rank #19 · Founded 1996

OANDA is a well-regarded, regulated forex broker offering broad access to major currency pairs through intuitive web and mobile trading platforms. It provides order execution, research, charting, and educational resources, with products…

Read the OANDA review

Swissquote

Trust rank #5 · Editorial rating 10 / 10 · Founded 1996

Swissquote provides forex and multi-asset trading through proprietary and third-party platforms, with research, education, and customer support. It is well-regarded for a broad product range, clear pricing, and tools suitable for different…

Read the Swissquote review

OANDA (Canada, founded 1996) holds 13 regulatory licences (ASIC, BVI FSC, CFTC, CIRO, FCA…), 7 of them tier-1, offers MT4, Proprietary, TradingView and sits in our low-fee bracket. Swissquote (Switzerland, founded 1996) holds 4 regulatory licences (CSSF, DFSA, FCA, FINMA), 3 of them tier-1, offers MT4, MT5, Proprietary and sits in our low-fee bracket. The two overlap in 52 countries; OANDA is available in 1 countries where Swissquote is not, and Swissquote in 179 where OANDA is not.

Verdict at a glance

  • OANDA leads on regulatory coverage and tier-1 licences.
  • Swissquote leads on trust rank, instrument range and country coverage.
  • Level on track record, platform choice and fee level.

Scored on 8 measurable dimensions where both brokers have verified data. Dimensions missing for either side are excluded rather than guessed. This is a data summary, not a recommendation.

OANDA vs Swissquote: side-by-side data

CriteriaOANDASwissquote
Editorial ratingNot verified10 / 10
Trust rank#19#5
Founded19961996
HeadquartersCanadaSwitzerland
RegulatorsASIC, BVI FSC, CFTC, CIRO, FCA, FFAJ, JFSA, JSDA, Kanto Local Finance Bureau, KNF, MAS, MFSA, NFACSSF, DFSA, FCA, FINMA
Broker typeMarket MakerSTP
PlatformsMT4, Proprietary, TradingViewMT4, MT5, Proprietary
InstrumentsCommodities, Forex, Indices, MetalsCommodities, Cryptocurrencies, Forex, Indices, Metals
Countries accepted53 countries231 countries
Fee levelLowLow
Trading typesCFD Trading, Spot TradingCFD Trading, Spot Trading
Best-for use casesProfessional Trading, Retail TradingProfessional Trading, Retail Trading

Highlighted cells mark the stronger value where a direction is objectively better (e.g. more licences, lower fees). "Not verified" means the field is not yet in our catalogue for that broker — we never fill gaps with estimates.

Pros

OANDA

  • Multi-jurisdiction top-tier regulation (CFTC/NFA, FCA, IIROC, ASIC, MAS)
  • Accepts US clients
  • No minimum deposit; flexible position sizing (1-unit trades)
  • Core Pricing + Commission option
  • Free REST/Streaming API; TradingView integration

Swissquote

  • FINMA-regulated Swiss bank; publicly listed (SIX)
  • Segregated client funds with Swiss deposit protection up to CHF 100,000
  • NDD/STP execution with multi-bank liquidity
  • MT4/MT5 and Advanced Trader; FIX API access
  • 80+ FX pairs plus CFDs and crypto

Cons

OANDA

  • Higher average spreads than ECN brokers
  • No MetaTrader 5 support
  • No guaranteed stop-loss orders
  • Inactivity fee after 12 months
  • CFDs not available in the US

Swissquote

  • Higher spreads than many ECN brokers
  • High minimum deposit for tighter pricing tiers
  • No cTrader platform support
  • No guaranteed stop-loss orders
  • Negative balance protection varies by entity

Key features

OANDA

  • Forex and CFD Trading
  • Top Tier Regulation
  • MT4 and TradingView Platforms
  • REST API and Algorithmic Trading
  • Client Sentiment and Order Book Tools
  • Flexible Unit Based Position Sizing

Swissquote

  • Swiss bank regulation FINMA and FCA oversight
  • Advanced Trader MT4 and MT5 platforms
  • Wide range of forex and CFD instruments
  • Deep liquidity and competitive spreads
  • Research and trading tools Trading Central and Autochartist
  • Secure client fund segregation and deposit protection

Country availability: OANDA vs Swissquote

Available at both (52): American Samoa, Australia, Austria, Belgium, Bulgaria, Canada, Chile, Christmas Island, Cocos (Keeling) Islands, Colombia, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Guam, Hong Kong, Hungary, Indonesia, Ireland, Italy, Japan, Latvia, Lithuania, Luxembourg, Macao, Malaysia, Malta, Mexico, Netherlands, Norfolk Island, Northern Mariana Islands, Philippines, Poland, Portugal, Puerto Rico and 12 more.

Only OANDA (1): United States of America.

Only Swissquote (179): Afghanistan, Albania, Algeria, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belize, Benin, Bermuda, Bhutan, Bolivia, Bonaire, Bosnia and Herzegovina, Botswana, Brazil, Brunei and 154 more.

Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.

OANDA vs Swissquote: common questions

Which broker is more regulated, OANDA or Swissquote?

OANDA holds more regulatory licences: OANDA (ASIC, BVI FSC, CFTC, CIRO, FCA, FFAJ, JFSA, JSDA, Kanto Local Finance Bureau, KNF, MAS, MFSA, NFA) versus Swissquote (CSSF, DFSA, FCA, FINMA). Tier-1 licences: OANDA 7, Swissquote 3.

Which trading platforms do OANDA and Swissquote offer?

OANDA offers MT4, Proprietary, TradingView; Swissquote offers MT4, MT5, Proprietary.

Which has lower fees, OANDA or Swissquote?

Both sit in the same fee bracket (low) in our catalogue; compare the spreads and commission rows above for detail.

Which is older, OANDA or Swissquote?

OANDA is the older of the two, founded in 1996; Swissquote was founded in 1996.

Are OANDA and Swissquote available in the same countries?

They overlap in 52 countries. OANDA is additionally available in 1 countries (United States of America) and Swissquote in 179 countries (Afghanistan, Albania, Algeria, Andorra, Angola, Anguilla and 173 more).

Keep comparing

OANDA

Swissquote

Risk warning: CFDs and forex are complex, leveraged instruments and carry a high risk of losing money rapidly. A majority of retail investor accounts lose money when trading CFDs. Nothing on this page is financial advice; verify licence status on the regulator's register before depositing. Full risk disclosure.