In the world of forex trading, choosing the right broker is an essential part of success. Today, we take a close look at two popular options: Oanda and Exness. 🔥
Key Takeaways
| →Oanda offers more trading instruments while Exness boasts lower spreads |
| →Exness provides MetaTrader and cTrader platforms, while Oanda offers its proprietary platform and MetaTrader 4 |
| →Customer support at Oanda is more comprehensive, while Exness offers a higher leverage ratio |
By Bart Bregman
Fact checked: by Shrijan Dangol
Our broker rankings are based on thorough research and analysis. We put a strong emphasis on transparency, regulatory oversight, and client feedback.
(Data
last updated:
14-09-2023)
🏢Company Background:
| Data | Oanda | Exness |
|---|---|---|
| Regulatory Compliance? | Yes | Yes |
| Publicly traded company? | No | No |
| Does it offer banking services? | No | No |
| Year Founded | 1996 | 2008 |
| Country headquarters | US | Seychelles |
| Website Language Options | en, de, es, fr, ru, it, chi | en, ar, es, ru, thai, ko, ind, viet, mal, tam, ur, far, ben, chi |
| Separate Client Funds? | Yes | Yes |
| Non-ESMA Branches Available? | Yes | Yes |
| EU Clients Accepted? | Yes | Yes |
| US Clients Accepted? | Yes | No |
| Canadian Clients Accepted? | Yes | No |
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Type of assets offered:
| Data | Oanda | Exness |
|---|---|---|
| Forex (e.g. USDJPY or EURGBP) | Yes | Yes |
| Options and futures (S&P500 Futures or Crude Oil Futures) | Yes | No |
| Funds Van(ARK invest or BlackRock Equity Dividend) | No | No |
| CFDs (Google Share in CFD form) | Yes | Yes |
| Cryptos (BTC or ETH) | No | Yes |
| Stocks and ETFs (TESL or AAPL) | Yes | Yes |
| Commodities (Gold or Silver market) | Yes | Yes |
| Beginner-friendly (demo-account access) | Yes | Yes |
| Advanced /pro (High-frequency trading, algorithmic trading) | Yes, supports (HFT, Algo, API) | Yes, MT4/MT5 for Algo trading |
| Binary option (note this is non-regulated trading, considers EXTREME risk) |
🏛️Tier 1 Regulatory Bodies:
| Data | Oanda | Exness |
|---|---|---|
| FSA (Financial Services Authority) | (Body replaced by(FCA) in 2013) | (Body replaced by(FCA) in 2013) |
| FCA (Financial Conduct Authority) | Yes | Yes |
| MAS (Monetary Authority of Singapore) | Yes | No |
| FINMA (Swiss Financial Market Supervisory Authority) | No | No |
| CFTC (Commodity Futures Trading Commission) | Yes | No |
| MIFID-ESMA (Markets in Financial Instruments Directive) | Yes | Yes |
| ASIC (Australian Securities and Investments Commission) | Yes | No |
| IIROC (Investment Industry Regulatory Organization of Canada) | Yes | No |
| SFC (Securities and Futures Commission) | No | No |
🏛️Tier 2 Regulatory Authorities:
| Data | Oanda | Exness |
|---|---|---|
| FMA (Financial Markets Authority) | No | No |
| CBR (Central Bank of Russia) | No | No |
| FSCA (Financial Sector Conduct Authority) | No | No |
| SEC (Securities and Exchange Commission) | No | No |
| DFSA (Dubai Financial Services Authority) | No | No |
| CBRC (China Banking Regulatory Commission) | No | No |
| CySEC (Cyprus Securities and Exchange Commission) | No | Yes |
| ISA (Israel Securities Authority) | No | No |
🏛️Tier 3 Regulatory Oversight:
| Data | Oanda | Exness |
|---|---|---|
| Offshore Regulators | No | No |
| MMA (Maldives Monetary Authority) | No | No |
| EDR (External Dispute Resolution) | No | No |
| FSA (Seychelles Financial Services Authority) | No | No |
| SCB (Securities Commission of The Bahamas) | No | No |
| FSC (Financial Services Commission, Mauritius) | No | No |
| VFSC (Vanuatu Financial Services Commission) | No | No |
| IFSC (International Financial Services Commission, Belize) | No | No |
| CIMA (Cayman Islands Monetary Authority) | No | No |
| SVG (St. Vincent & Grenadines Financial Services Authority) | No | No |
| FSRC (Financial Services Regulatory Commission, St. Kitts & Nevis) | No | No |
| BMA (Bermuda Monetary Authority) | No | No |
| BVI (British Virgin Islands Financial Services Commission) | No | No |
Max Leverage Options:
| Data | Oanda | Exness |
|---|---|---|
| Leverage for Non-EU Clients | 50:1 | unlimited |
| European Leverage Limits | 30:1 | 30:1 |
| Leverage in Australia | 30:1 | 0 |
| US Leverage Restrictions | 50:1 | 0 |
| Canadian Leverage Rules | 50:1 | 0 |
📂Account Offerings:
| Data | Oanda | Exness |
|---|---|---|
| Demo Account Access | Yes | Yes |
| Expiration of Demo Accounts | No | No |
| Account Currency Choices | USD | EUR, USD |
| Standard Accounts | Yes | Yes |
| Micro-lots Accounts | Yes | Yes |
| Low-cost Account (nano lots) | No | |
| Variable Spread Accounts | Yes | Yes |
| Fixed Spread Accounts | No | No |
| Zero Spread Accounts | Yes | No |
| ECN Accounts | No | Yes |
| Swap-Free Accounts | No | Yes |
| Islamic Accounts | No | Yes |
| Professional Trading Accounts | Yes | Yes |
| Active Trader Rewards Program | Yes | No |
💰Deposits and Withdrawals:
| Data | Oanda | Exness |
|---|---|---|
| Minimum Deposit Requirements | No | No |
| Minimum Withdrawal Limits | No | No |
| Credit Card Options | Yes | Yes |
| Bank Transfer Availability | Yes | Yes |
| PayPal Support | Yes | No |
| Neteller Integration | No | Yes |
| Skrill Compatibility | No | Yes |
| Additional Payment Methods | Bank Transfer ,PayPal, Credit Card | Bank Transfer, Credit Card,Skrill, Neteller |
| Deposit Processing Time | 1-2 business days | 1 business day |
| Withdrawal Processing Time | 1-2 business days | 2 business day |
Fees and Charges:
| Data | Oanda | Exness |
|---|---|---|
| Deposit-related Fees | No | No |
| Commissions on Withdrawals | No | No |
| Overnight/Swap Charges | Yes | Yes |
| Account Inactivity Fees | No | No |
| Currency Conversion Costs | Yes | No |
| Are bonus Programs Available? | - | No |
Security Protocols and Measures:
| Data | Oanda | Exness |
|---|---|---|
| (2FA) available? | Yes | Yes |
| (SSL) security? | Yes | Yes |
| (AML) Policy Compliance | Yes | Yes |
| Know Your Customer (KYC) | Yes | Yes |
🌐Brand Influence:
| Data | Oanda | Exness |
|---|---|---|
| Twitter Follower Counts | 21.7K | 16.8K |
💹Forex Fixed Spreads:
| Data | Oanda | Exness |
|---|---|---|
| EUR/GBP Spread Range | No | No |
| EUR/USD Spread Range | No | No |
| USD/JPY Spread Range | No | No |
| GBP/USD Spread Range | No | No |
| USD/CHF Spread Range | No | No |
| AUD/USD Spread Range | No | No |
| USD/CAD Spread Range | No | No |
| NZD/USD Spread Range | No | No |
Trade Execution Methods:
| Data | Oanda | Exness |
|---|---|---|
| Direct Market Access (DMA) | No | No |
| Straight Through Processing (STP) | No | No |
| Electronic Communication Network (ECN) Execution | No | Yes |
| Market Maker Model | Yes | No |
| Non-Dealing Desk (NDD) Approach | No | Yes |
| First In, First Out (FIFO) Rule Application | No | No |
| 4-Digit Decimal Pricing | Yes | Yes |
| 5-Digit Decimal Pricing | Yes | Yes |
Order Types & Tools:
| Data | Oanda | Exness |
|---|---|---|
| Stop Loss Orders | Yes | No |
| Take Profit Orders | Yes | Yes |
| Limit Orders | Yes | Yes |
| Fill or Kill (FOK) Orders | Yes | Yes |
| Trailing Stop Orders | Yes | No |
| Margin Call Alerts | Yes | Yes |
| One Cancels Other (OCO) Orders | No | No |
| Guaranteed Stop Loss Orders | No | No |
| Negative Balance Protection Measures | Yes | Yes |
| Minimum Trade Sizes | 0.00001 lots | 0.001 lots |
| Maximum Trade Sizes | 100 lots | 100 lots |
Available Asset Classes:
| Data | Oanda | Exness |
|---|---|---|
| Forex Currency Pairs | 55 | 103 |
| Cryptocurrencies | 55 | 103 |
| Commodities | 31 | No |
| Equities | - | - |
| Market Indices | 16 | No |
| Exchange-Traded Funds (ETFs) | No | No |
| Futures Contracts | - | No |
| Options Contracts | - | No |
| Bonds | 6 | No |
| Metals | 5 | No |
| Agricultural Products | 4 | No |
| Energy Resources | 3 | No |
| Interest Rates | No | No |
| Penny Stocks | No | |
| Initial Public Offerings (IPOs) | No | No |
| Asset Blends | No | No |
| Dow Jones Index | No | No |
| FTSE 100 Index | Yes | No |
| DAX Index | Yes | No |
| Nikkei 225 Index | Yes | No |
| Gold Market Trading | Yes | No |
Special Account Features:
| Data | Oanda | Exness |
|---|---|---|
| Multi-Account Manager (MAM) | No | No |
| Percentage Allocation Money Management (PAMM) | No | No |
| Social Trading Integration | No | No |
| Copy Trading Support | No | No |
| Lot Allocation Money Management (LAMM) | No | No |
Supported Trading Techniques:
| Data | Oanda | Exness |
|---|---|---|
| Scalping Strategies | Yes | No |
| Hedging Techniques | Yes | No |
| Spread Betting Opportunities | No | No |
| Automated Expert Advisor (EA) Integration | Yes | Yes |
| Virtual Private Server (VPS) Options | Yes | Yes |
| Application Programming Interface (API) Support | Yes | Yes |
Trading Tools and Features:
| Data | Oanda | Exness |
|---|---|---|
| One-Click Trade Execution | Yes | Yes |
| Signal Trading Availability | No | No |
| Price Alert Notifications | Yes | Yes |
| Number of Chart Indicators Offered | 51 | 51 |
| Number of Chart Drawing Tools Provided | 31 | 31 |
| Direct Trading From Charts | Yes | Yes |
| Customizable Watchlist | Yes | Yes |
Mobile Trading Compatibility:
| Data | Oanda | Exness |
|---|---|---|
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows Mobile App | Yes | No |
| Mobile Trading Signal Integration | No | Yes |
| App for Smartwatches | No | No |
| Forex Mobile Trading | Yes | Yes |
| CFD Mobile Trading | Yes | Yes |
| Alert Notifications on Mobile Devices | Yes | Yes |
| Mobile Charting and Drawing Tools | Yes | Yes |
| Languages Supported on Mobile App | en, de, es, fr, ru, ko, chi | en, ar, es, ru, thai, ko, ind, viet, mal, tam, ur, far, ben, chi |
| Watchlist Feature on Mobile App | Yes | Yes |
Commodity Offerings:
| Data | Oanda | Exness |
|---|---|---|
| Crude Oil Trading | 3 | No |
| Natural Gas Trading | 0.6 | No |
| Silver Markets | 277 | No |
| Platinum Trading | 833.4 | No |
| Copper Trading | No | No |
| Soybean Contracts | 1 | No |
| Corn Markets | 2 | No |
| Gold Markets | 205.6 | No |
| Lithium Markets | Yes | Yes |
Stock Trading Fees:
| Data | Oanda | Exness |
|---|---|---|
| Apple Shares | $1-$5 | $0-$2.50 |
| Amazon (AMZN) Shares | $1-$5 | $0-$2.50 |
| Invidia Shares | $1-$5 | $0-$2.50 |
| META Shares | $1-$5 | $0-$2.50 |
| Ford Motor Co Shares | $1-$5 | $0-$2.50 |
| Alphabet (GOOGL) Shares | $1-$5 | $0-$2.50 |
| BP Shares | $1-$5 | $0-$2.50 |
| Tesco Shares | $1-$5 | $0-$2.50 |
| Barclays Shares | $1-$5 | $0-$2.50 |
| Lloyds Shares | $1-$5 | $0-$2.50 |
| Adobe (ADBE) Shares | $1-$5 | $0-$2.50 |
| Microsoft (MSFT) Shares | $1-$5 | $0-$2.50 |
| Nvidia (NVDA) Shares | $1-$5 | $0-$2.50 |
Index Trading Fees:
| Data | Oanda | Exness |
|---|---|---|
| FTSE 100 Fee Structure | 0.8 | No |
| S&P 500 Fee Structure | 0.3 | No |
| Dow Jones Fee Structure | - | No |
| Nasdaq Fee Structure | 0.5 | No |
| CAC 40 Fee Structure | 1.2 | No |
| DAX 30 Fee Structure | 0.9 | No |
| Nikkei 225 Fee Structure | No | No |
| Euro Stoxx 50 Fee Structure | 0.9 | No |
Cryptocurrency Trading Fees: Maker-Taker-Spread
| Data | Oanda | Exness |
|---|---|---|
| Bitcoin Fees | 0.10%, 0.10%, Up to 1.5% | 0.03%, 0.06%, Up to 2% |
| Ethereum Fees | 0.10%, 0.10%, Up to 1.5% | 0.03%, 0.06%, Up to 2% |
| Ripple Fees | 0.10%, 0.10%, Up to 1.5% | 0.03%, 0.06%, Up to 2% |
| Binance Coin Fees | 0.10%, 0.10%, Up to 1.5% | 0.03%, 0.06%, Up to 2% |
| Cardano Fees | 0.10%, 0.10%, Up to 1.5% | 0.03%, 0.06%, Up to 2% |
| Solana Fees | 0.10%, 0.10%, Up to 1.5% | 0.03%, 0.06%, Up to 2% |
| Polygon Fees | 0.10%, 0.10%, Up to 1.5% | 0.03%, 0.06%, Up to 2% |
| Dogecoin Fees | 0.10%, 0.10%, Up to 1.5% | 0.03%, 0.06%, Up to 2% |
| Chainlink (LINK) Fees | 0.10%, 0.10%, Up to 1.5% | 0.03%, 0.06%, Up to 2% |
| Polkadot (DOT) | 0.10%, 0.10%, Up to 1.5% | 0.03%, 0.06%, Up to 2% |
| Avalanche (AVAX) | 0.10%, 0.10%, Up to 1.5% | 0.03%, 0.06%, Up to 2% |
Available Trading Platforms:
| Data | Oanda | Exness |
|---|---|---|
| cTrader Desktop App | No | No |
| cTrader Web Interface | No | No |
| Mirror Trader Platform | No | Yes |
| ZuluTrade Integration | No | No |
| MT4 Desktop Interface | Yes | No |
| MT4 Web Platform | No | No |
| MT5 Desktop App | Yes | Yes |
| MT5 Web Interface | Yes | No |
| Tradingview | No | No |
| Proprietary Desktop Software | Yes | No |
| Proprietary Web-based Platform | Yes | Yes |
| Mac-Compatible Platform Options | Yes | Yes |
| Sirix Trading Platform | No | No |
Education Resources:
| Data | Oanda | Exness |
|---|---|---|
| Education Offerings | Yes | Yes |
| Webinar Offerings | Yes | Yes |
| Platform Tutorial Videos | Yes | Yes |
| Beginner-Level Trading Videos | Yes | Yes |
| Expert-Level Trading Videos | Yes | No |
| Tutorial guides | Yes | Yes |
| Terminology Glossary | Yes | No |
Customer Support Options:
| Data | Oanda | Exness |
|---|---|---|
| Callback Request Feature | No | No |
| Email Support Availability | Yes | Yes |
| Telephone Support | Yes | Yes |
| Live Chat support | Yes | Yes |
| Offered Support Languages | en, de, es, ru, chi | en, ar, es, ru, thai, ko, ind, viet, mal, tam, ur, far, ben, chi |
Research-Tools:
| Data | Oanda | Exness |
|---|---|---|
| In-Depth Professional Reports | Yes | |
| Social Trading Features - Social Newsfeeds | No | Yes |
| Economic Event Calendar | Yes | No |
| Daily Email With Trading Ideas | No | No |
| Analysis From Trading Central (Recognia) | No | Yes |
| Analysis From Delkos Research | No | No |
| AutoChartist Tool | Yes | No |
| Trader Sentiment Metrics | Yes | No |
| Twitter-Based News Updates | Yes | Yes |
| Facebook-Based News Updates | Yes | Yes |
| Daily Market Commentary | Yes | No |
Getting Down to Business: Comparing Oanda and Exness 🕵️
Table of content
- Getting Down to Business: Comparing Oanda and Exness 🕵️
- Who You Gonna Trust? 👻
- Money, Money, Money! 💸 (Trading Instruments and Fees)
- Platform Perfection? 🎮 (Trading Platforms)
- Got Your Back! 🛡️ (Customer Support)
- The Unavoidable Pros and Cons 🎭
- Oanda Pros and Cons
- Exness Pros and Cons
- Before You Commit: A Deeper Look at Account Types, Deposit and Withdrawal 🧐
- A Matter of Choice: Account Types 📚
- Let the Money Flow! 💵 (Deposit and Withdrawal)
- A Game of Numbers: Leverage and Margin Trading 📈
- Leverage and Margin Requirements: The Balancing Act 🎯
- Conclusion: Two Strong Contenders, but There Can Only Be One… Right? 🤼
- ❓ Frequently Asked Questions (FAQs)
- Disclaimer And General Risk Warning:
- Author & Expert Trader - Financial Analyst:
Before going all-in with either broker, let’s explore their backgrounds, regulation, and essential features that matter to you as a trader.
Who You Gonna Trust? 👻
Oanda, established in 1996, is an award-winning, US-based broker operating globally across North America, Europe, and the Asia-Pacific region. It’s regulated by top-tier authorities like CFTC (USA), FCA (UK), and ASIC (Australia).
On the other hand, Exness is a younger broker, founded in 2008 with its headquarters in Cyprus, operating under the regulation of CySEC (Cyprus) and FCA (UK).
Money, Money, Money! 💸 (Trading Instruments and Fees)
Oanda offers approximately 124 trading instruments, including forex, commodities, indices, and bonds. Exness, however, has a smaller selection of 120 instruments, primarily focusing on forex and precious metals.
When it comes to spreads, Exness takes the lead with its lower fees. For example, on a popular EUR/USD currency pair, Exness offers an average spread of 0.7 pips, compared to Oanda’s 1.4 pips. Both brokers charge no commissions on Standard accounts, with Exness charging commissions on its ECN accounts.
Platform Perfection? 🎮 (Trading Platforms)
Oanda offers its proprietary platform, OANDA Trade, as well as MetaTrader 4 (MT4), known for its user-friendly interface and advanced trading tools. OANDA Trade features customizable charts, technical analysis tools, and price alerts.
Exness, instead, supports both the popular MetaTrader 4 and MetaTrader 5 platforms, in addition to cTrader – an ECN-oriented platform offering lightning-fast execution speeds and deep liquidity. 🔥
Got Your Back! 🛡️ (Customer Support)
Oanda outshines Exness in customer support, providing multiple channels such as phone, email, and live chat, with 24/7 availability. Exness offers support through email and live chat, but it’s limited to weekdays only, leaving traders without assistance on weekends. 😢
Now that we’ve covered the essential aspects, let’s dive into the advantages and disadvantages of both brokers.
Oanda Pros and Cons
Pros:
- Regulated by top-tier authorities
- Wide range of trading instruments
- Proprietary trading platform alongside MT4
- 24/7 customer support
- Competitive spreads for some instruments
Cons:
- Higher spreads compared to Exness for popular forex pairs
- No support for MT5 or cTrader
Exness Pros and Cons
Pros:
- Lower spreads for popular forex pairs
- Support for both MT4 and MT5 platforms, as well as cTrader
- Higher leverage ratio (up to 1:2000, depending on account type and location)
- Regulated in both Cyprus and the UK
Cons:
- Small range of trading instruments
- Weekdays-only customer support
- Not as well-established as Oanda
Before You Commit: A Deeper Look at Account Types, Deposit and Withdrawal 🧐
With their core features and advantages laid out, we venture further into examining different types of accounts, as well as the process of depositing and withdrawing money from both Oanda and Exness.
A Matter of Choice: Account Types 📚
Oanda offers two account types, the Standard and Premium accounts. The Standard account has no minimum deposit requirement, while the Premium account demands a $20,000 minimum deposit. The Premium account provides additional perks like priority customer service, a dedicated account manager, and lower spreads on some instruments.
Exness, on the other hand, presents four account types: Standard, Standard Cent, Raw Spread, and Pro. Each caters to distinct trading needs, with the Standard Cent account designed for new traders who wish to practice on a smaller scale, as it deals with micro-lots. The Raw Spread and Pro accounts aim to provide tighter spreads for experienced traders, with added commissions on trades in the Raw Spread account. The minimum deposit for all Exness accounts is set at $1.💰
Let the Money Flow! 💵 (Deposit and Withdrawal)
Both Oanda and Exness offer multiple deposit options, including bank transfers, credit/debit cards, and online payment services. In general, Oanda doesn’t charge deposit fees, but watch out for your bank/payment provider’s potential fees on the transaction.
Exness provides instant and free deposits for all payment methods, excluding bank transfers, which may take up to 7 working days to process, and incur fees depending on your bank’s charges. 💡
Withdrawals from both brokers are smooth and hassle-free. Oanda processes withdrawals through your initial deposit method and, although no fees are charged by the broker, your banking service may impose fees. Exness offers fast and free withdrawals, with no hidden charges. Both brokers have a strong reputation for prompt and secure transactions, keeping their clients satisfied. 👏
A Game of Numbers: Leverage and Margin Trading 📈
Leverage can be a powerful tool in forex trading, empowering traders to potentially amplify their profits. It is crucial to understand the leverage ratios provided by each broker, as well as how margin requirements work.
Leverage and Margin Requirements: The Balancing Act 🎯
Oanda‘s leverage offering is relatively modest, ranging from 1:20 to 1:50, depending on regional regulations. Oanda calculates the minimum margin requirements for open positions based on their ‘Margin Closeout Percent’, which is set at 50% for retail traders, implying that a 100% margin is required to open a position.
On the other extreme, Exness features considerably higher leverage ratios, with some accounts offering up to 1:2000, although restrictions apply depending on a trader’s location and account type. As for margin requirements, Exness employs a ‘Stop Out Level’ ranging from 0% to 60%, depending on the account type. 😲
It’s important to remember that while higher leverage may increase potential gains, it also amplifies the risk of losses. Treat leverage responsibly, and know your risk tolerance before stepping into the world of margin trading. 🛡️
Conclusion: Two Strong Contenders, but There Can Only Be One… Right? 🤼
Ultimately, choosing between Oanda and Exness comes down to your unique trading needs and preferences. If comprehensive customer support and diverse trading instruments are a priority, Oanda might be the right broker for you. 🏆
However, if you’re after lower spreads and a choice of various trading platforms with higher leverage, then Exness makes a compelling argument. 💪
Considering the factors laid out in this article, you should now be well-equipped to make an educated decision between Oanda and Exness for your forex trading journey. Ready, set, trade! 🚀
❓ Frequently Asked Questions (FAQs)
1. Are Oanda and Exness suitable for beginner traders?
Yes, both Oanda and Exness are suitable for beginner traders. They offer comprehensive educational resources, user-friendly platforms, and demo accounts for practicing trading strategies. Oanda’s fxTrade platform is particularly beginner-friendly, while Exness offers low trading fees for cost-conscious newcomers.
2. Do Oanda and Exness charge any commissions on trades?
No, both Oanda and Exness offer commission-free trading accounts. However, they make up for this with spreads. Oanda’s spreads start from 1.2 pips, while Exness offers even lower spreads beginning at 0.1 pips for their ECN account.
3. Can I use MetaTrader 4 and MetaTrader 5 with Oanda and Exness?
Oanda supports MetaTrader 4 alongside their proprietary fxTrade platform. However, they do not currently support MetaTrader 5. On the other hand, Exness supports both MetaTrader 4 and MetaTrader 5, providing traders with a versatile range of options.
4. Which broker offers a wider range of tradable instruments?
Oanda offers a broader range of trading instruments compared to Exness. Oanda provides access to over 70 currency pairs and various CFDs, including stock indices, commodities, bonds, and precious metals. Exness, however, offers more than 120 currency pairs but has a slightly narrower range of CFD options.
5. What are the available deposit and withdrawal options for Oanda and Exness?
Both Oanda and Exness offer multiple deposit and withdrawal options, including bank wire transfers, credit/debit cards, and online payment systems like PayPal, Skrill, Neteller, and WebMoney. However, Oanda may charge fees for specific methods, while Exness generally processes deposits and withdrawals fee-free.
6. Are Oanda and Exness regulated brokers?
Yes, both Oanda and Exness are regulated by internationally recognized financial regulators. Oanda is regulated by the US CFTC, UK FCA, and Australian ASIC, among others. Exness is regulated by the CySEC in Cyprus and FSA in Seychelles.
7. How can I contact customer support for Oanda and Exness?
Oanda offers 24/7 customer support through live chat, email, and phone, while Exness also provides 24/7 multilingual support via live chat and email. Both brokers boast highly responsive and helpful customer service teams to guide traders during their trading journey.
8. Are there any fees for using Oanda’s and Exness’s demo accounts?
No, both Oanda’s and Exness’s demo accounts are entirely free. Traders can use these accounts to practice trading strategies and familiarize themselves with the trading platform without any financial commitment.
Disclaimer And General Risk Warning:
- ► The information provided should not be seen as financial advice and is only intended for entertainment and informational purposes.
- ► Financial asset providers listed offer a variety of financial products and services, including Stocks, Crypto assets, and CFDs.
- ► CFDs are complex instruments with high risk due to leverage. In fact a 77% to 86% of retail investor accounts lose money when trading CFDs. Make sure you understand how CFDs work and evaluate whether you can afford the potential risk of losing your money.
- ► Past performance does not guarantee future results. A trading history of less than 5 complete years may not be sufficient for making investment decisions.
- ► Financial asset providers do not constitute investment advice. The value of your investments can fluctuate, putting your capital at risk.
- ► Cryptoasset investments are highly volatile and may be unregulated in some jurisdictions. Consumer protection may not be available, and taxes on profits could apply.
- ► USA financial asset providers are not affiliated with any specific entity and do not offer CFDs. The platforms take no responsibility for the accuracy or completeness of the content in this publication, which is based on publicly available, non-entity-specific information.
► Trade with caution and be warned!
Author & Expert Trader - Financial Analyst:
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