Scores, winners and data below compare these brokers as CFD brokers: leveraged trading on forex, indices, commodities and crypto. Scores, winners and data below compare these brokers as stock brokers: real shares and ETFs you own outright.
Oanda
Available in your country Oanda accepts clients from the country this site is for.
76.6% of retail investor accounts lose money when trading CFDs with this provider.
XTB
Available in your country XTB accepts clients from the country this site is for.
80% of retail investor accounts lose money when trading CFDs with this provider.
Best for
What we compare A comparison of the kinds of traders Oanda and XTB are best suited to, based on what each one actually offers in Nigeria.Oanda is better than XTB for day traders, high-volume traders and algo traders. XTB, on the other hand, is better for long-term investors. Professional traders, scalpers and swing traders can choose either Oanda or XTB.
| Overall score | Oanda 82 Best not offered | XTB 75 -7 75 |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise Oanda and the ones that supervise XTB.Oanda and XTB are both regulated by top-tier authorities, Oanda by KNF, ASIC (Australia) and the CFTC (United States) and XTB by CySEC, KNF and the FCA (United Kingdom).
| Section score | Oanda 100 not offered | XTB 100 100 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | CySEC (Cyprus), KNF (Poland) | |
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that Oanda and XTB have in place to protect your money in Nigeria.Oanda and XTB both offer segregated client funds and two-factor authentication.
| Section score | Oanda 66 -7 not offered | XTB 73 Best 73 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 1996 | 2002 |
| Parent company i | OANDA Group | XTB S.A. |
| CEO i | Gavin Bambury | Omar Arnaout |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | N/A | |
| Brand power | ||
| Number of customers worldwide i | 1,600,000 | |
| Annual revenue i | USD 16,900,000 | USD 260,000,000 |
| Monthly website search traffic i | ||
Costs
What we compare A comparison of what it costs to trade with Oanda and with XTB in Nigeria, both on each trade and on holding the account.Oanda is better than XTB for CFD costs, because Oanda is cheaper on EUR/USD, at 5.5 USD per lot (against XTB's 10.6 USD), has tighter S&P 500 CFD spreads, at 0.49 points (against XTB's 0.59 points), and has tighter gold CFD spreads, at 0.57 points (against XTB's 0.89 points). Neither Oanda nor XTB charges account maintenance fees or account opening fees.
There is no like-for-like comparison for real stock costs, as Oanda is a CFD broker and does not offer real stocks.
| Section score | Oanda 84 Best not offered | XTB 41 -43 71 |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | Free | Free |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | USD 5.5 | USD 10.6 |
| S&P 500 fees (CFD) i | 0.49 points | 0.59 points |
| Gold fees (CFD) i | 0.57 points | 0.89 points |
| Bitcoin fees (CFD) i | USD 40 | USD 205.25 |
| US stocks fees (CFD) i | USD 0.1 | Free |
| Fees on stocks | ||
| Stock fee type i | Percentage | |
| US stocks fees (real) i | Free | |
| ETF fees (real) i | ||
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | ||
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | Free | |
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with Oanda and with XTB in Nigeria, and of how many instruments each one gives access to.Oanda is better than XTB for CFD markets, because Oanda offers futures on crypto and forex, which XTB does not. Both Oanda and XTB offer CFDs on commodities, crypto, forex, indices and stocks.
There is no like-for-like comparison for real stock markets, as Oanda is a CFD broker and does not offer real stocks.
| Section score | Oanda 100 Best not offered | XTB 75 -25 45 |
|---|---|---|
| Total tradable symbols i | 1,500 | 5,200 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, Forex, Indices, Stocks | Commodities, Crypto, Forex, Indices, Stocks |
| Futures i | Crypto, Forex | |
| Options i | ||
| Assets you can own i | Bonds, ETF, Stocks |
Platform
What we compare A comparison of the trading platforms that Oanda and XTB make available to their clients in Nigeria.Oanda is better than XTB for platforms, given that Oanda offers MetaTrader 5, MetaTrader 4 and AutoChartist, which XTB does not. Both Oanda and XTB offer a proprietary platform and TradingView.
Only XTB can be assessed for platforms, since Oanda is a CFD broker and does not offer real stocks.
| Section score | Oanda 91 Best not offered | XTB 86 -5 86 |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of Oanda and XTB in Nigeria, and of what each one lets you do from your phone.Oanda is better than XTB for mobile trading, because Oanda offers the MetaTrader 5 app, the MetaTrader 4 app and mobile charting tools, which XTB does not. Both Oanda and XTB offer a proprietary mobile app and mobile price alerts.
Oanda does not offer real stocks, being a CFD broker, so XTB and Oanda cannot be compared for mobile trading.
| Section score | Oanda 86 Best not offered | XTB 67 -19 67 |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that Oanda and XTB allow on their platforms in Nigeria.Oanda is better than XTB for CFD trading features, given that Oanda offers tier-1 liquidity providers and VPS hosting, which XTB does not, and allows for automated trading. Oanda and XTB both offer negative balance protection and trailing stops.
Oanda does not offer real stocks, being a CFD broker, so XTB and Oanda cannot be compared for real stock trading features.
| Section score | Oanda 83 Best not offered | XTB 75 -8 74 |
|---|---|---|
| Trade execution | ||
| Broker type i | Agency | NDD |
| Average execution time i | 6 ms | |
| Slippage occurrence i | 28.05% | |
| Requotes occurrence i | ||
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 888:1 | 30:1 |
| Minor/Exotic FX pairs leverage i | 888:1 | 20:1 |
| Major indices leverage i | 888:1 | 20:1 |
| Minor indices leverage i | 200:1 | 10:1 |
| Gold leverage i | 888:1 | 20:1 |
| Commodities leverage i | 100:1 | 10:1 |
| Equities leverage i | 20:1 | 5:1 |
| Cryptocurrency leverage i | 10:1 | 2:1 |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | USD 0 | USD 0 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at Oanda and at XTB in Nigeria, and of who each one is meant for.Oanda is better than XTB for CFD account types, given that Oanda offers a corporate account, an unlimited demo account and a raw spread account, which XTB does not. Oanda and XTB both offer a demo account and a professional traders account.
There is no like-for-like comparison for real stock account types, as Oanda is a CFD broker and does not offer real stocks.
| Section score | Oanda 53 Best not offered | XTB 50 -3 49 |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with Oanda and with XTB in Nigeria.Oanda is better than XTB for account opening, as Oanda supports e-wallets, which XTB does not, pays out withdrawals faster, within 2 days (against XTB's 3 days), and offers a bonus program, which XTB does not. Neither Oanda nor XTB requires a minimum deposit.
There is no like-for-like comparison for account opening, as Oanda is a CFD broker and does not offer real stocks.
| Section score | Oanda 80 Best not offered | XTB 65 -15 65 |
|---|---|---|
| Minimum deposit i | USD 0 | USD 0 |
| Minimum withdrawal i | USD 0 | USD 0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | Neteller, Skrill | |
| Local payment methods i | ||
| Account base currencies i | USD | EUR, USD |
| Deposit waiting time i | up to 2 business days | Instant |
| Withdrawal waiting time i | up to 2 business days | up to 3 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of Oanda and XTB in Nigeria, in how it can be reached and how fast it answers.XTB is better than Oanda for customer care, given that XTB offers customer support in 10 languages (against Oanda's 5), and has a website in 14 languages (against Oanda's 7). Oanda and XTB both offer phone support and live chat.
XTB and Oanda cannot be compared for customer care, because XTB is a broker offering both CFDs and stocks while Oanda is a CFD broker.
| Section score | Oanda 46 -16 not offered | XTB 62 Best 62 |
|---|---|---|
| Number of languages supported i | 7 | 14 |
| Website languages i | German, English, French, Italian, Russian, Spanish, Chinese | Arabic, Czech, German, English, French, Hungarian, Italian, Polish, Portuguese, Romanian, Slovenian, Spanish, Turkish, Chinese |
| Website available in English i | ||
| Customer support languages i | German, English, Russian, Spanish, Chinese | Arabic, Greek, English, French, Italian, Russian, Spanish, Thai, Turkish, Chinese |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that Oanda and XTB provide to their clients in Nigeria.XTB is better than Oanda for learning, because XTB offers daily market commentary, which Oanda does not. Both Oanda and XTB offer education for advanced traders and webinars.
Only XTB can be assessed for learning, since Oanda is a CFD broker and does not offer real stocks.
| Section score | Oanda 80 -8 not offered | XTB 88 Best 88 |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
Oanda vs XTB: which one should you choose?
Oanda
CFD Choose Oanda, regulated by the FCA and the CFTC, if you want a CFD and forex broker with low trading costs, VPS hosting and raw spread accounts.
Open Account 76.6% of retail investor accounts lose money when trading CFDs with this provider.
XTB
CFD Choose XTB, regulated by the FCA and CySEC, if you want an online CFD broker with a wide choice of markets, micro accounts and fast deposits.
Stocks Choose XTB, regulated by the FCA and CySEC, if you want a broker for securities investing with commission-free US stocks.
Open Account 80% of retail investor accounts lose money when trading CFDs with this provider.Other popular comparisons
Below are other head-to-head comparisons that include Oanda or XTB, each scored with the same data and method as this page.
