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Similar EU Brokers · April 2026

Best Alternatives to OANDA in 2026

Five EU-regulated forex brokers with overall scores closest to OANDA. Compare before you commit.

Quick Answer

The top 3 alternatives to OANDA are Capital.com, XM, and eToro.

All three are EU-regulated brokers with overall scores within 0.5 points of OANDA. See the full comparison below.

ESMA Risk Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Why people look for OANDA alternatives

Traders typically evaluate alternatives to OANDA for one or more of the following reasons:

  • Lower total trading cost — tighter spreads or cheaper commissions, especially for high-volume traders.
  • Stronger regulatory tier — moving to a broker with BaFin or FCA oversight for extra peace of mind.
  • Different platform needs — access to cTrader, TradingView, or a proprietary mobile app that OANDA doesn't offer.
  • Wider instrument universe — more stocks, indices, commodities, or crypto CFDs.
  • Better educational resources — structured courses, webinars, and beginner-friendly content.
  • Improved customer support — faster response times, multilingual staff, or extended coverage hours.

Top 5 Alternatives to OANDA

Ranked by similarity to OANDA's overall score.

  1. 1

    Capital.com

    8.6/10

    Capital.com is an AI-driven broker offering 3,000+ commission-free instruments, an award-winning app, and FCA/CySEC regulation for EU traders.

    Why consider Capital.com: lower overall fees, wider platform choice, better education

    Min deposit
    €20
    EUR/USD
    0.6 pips average
    Regulator
    FCA
    Platforms
    4
    Read ReviewCompare to OANDA
  2. 2

    XM

    8.7/10

    XM is ideal for beginner EU traders, offering a $5 minimum deposit, award-winning education, multilingual support in 30+ languages, and CySEC regulation.

    Why consider XM: better education, more instruments

    Min deposit
    $5
    EUR/USD
    0.6 pips
    Regulator
    CySEC
    Platforms
    3
    Read ReviewCompare to OANDA
  3. 3

    eToro

    8.5/10

    eToro is the world's leading social trading platform, letting EU traders copy successful investors while also offering commission-free stock trading alongside forex.

    Why consider eToro: stronger regulation, more instruments

    Min deposit
    $50
    EUR/USD
    1.0 pips
    Regulator
    CySEC
    Platforms
    2
    Read ReviewCompare to OANDA
  4. 4

    FP Markets

    8.7/10

    FP Markets combines ECN-style raw pricing ($3/lot commission) with cTrader availability and CySEC regulation, ideal for cost-conscious EU traders.

    Why consider FP Markets: lower overall fees, wider platform choice, faster execution

    Min deposit
    $50
    EUR/USD
    0.0 pips
    Regulator
    CySEC
    Platforms
    4
    Read ReviewCompare to OANDA
  5. 5

    Tickmill

    8.5/10

    Tickmill offers the lowest raw spread commissions in the industry ($2/lot/side), dual CySEC+FCA regulation, and solid execution for serious EU forex traders.

    Why consider Tickmill: lower overall fees, faster execution

    Min deposit
    €100
    EUR/USD
    0.0 pips
    Regulator
    CySEC
    Platforms
    3
    Read ReviewCompare to OANDA

Full Comparison Table

OANDA alongside the top 5 alternatives.

BrokerScoreFeesRegulationMin DepositEUR/USD
OANDA (current)8.68.39.2None0.6 pips average
Capital.com8.68.89.0€200.6 pips average
XM8.78.29.0$50.6 pips
eToro8.57.59.3$501.0 pips
FP Markets8.79.28.5$500.0 pips
Tickmill8.59.09.0€1000.0 pips

Frequently Asked Questions

What are the best alternatives to OANDA in 2026?
The top 3 alternatives to OANDA in 2026 are Capital.com, XM, eToro. All are EU-regulated forex brokers with overall scores within 0.5 points of OANDA across fees, platforms, regulation, and execution.
Why might I look for a OANDA alternative?
Traders commonly seek alternatives to OANDA for reasons such as wanting lower spreads, stronger regulation, a wider platform selection (like cTrader or TradingView), better mobile apps, more instruments, or region-specific features. Comparing against 5 similar brokers helps you find the best fit for your personal trading style.
Is OANDA regulated in the EU?
Yes, OANDA is regulated by FCA (UK), ASIC (Australia), NFA (USA) and is fully ESMA-compliant. All alternatives listed on this page are also EU-regulated and offer negative balance protection for retail clients.
Which OANDA alternative is cheapest?
Among the top 5 alternatives to OANDA, the broker with the highest fees score (cheapest) is FP Markets. Always compare spreads, commissions, swaps, and withdrawal fees together rather than looking at spread alone.
Can I open an account with multiple brokers?
Yes. Many active traders maintain accounts with two or more EU-regulated brokers simultaneously to diversify counterparty risk, access different platforms, or take advantage of different pricing models. There is no regulatory restriction on the number of retail broker accounts you can hold within the EU.
Are the listed alternatives also EU-regulated?
Yes, every alternative listed on this page is regulated by at least one recognised EU authority (CySEC, BaFin, FCA, AMF, CONSOB, CNMV, or KNF). They all comply with ESMA rules on leverage, negative balance protection, and client fund segregation.

Still considering OANDA?

Read our full OANDA review or visit the broker to see the latest offer.

Read OANDA ReviewVisit OANDA

CFD Risk Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This website is for informational purposes only. The content does not constitute investment advice. Trading leveraged products carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. EU retail leverage limits apply (ESMA): up to 30:1 on major FX pairs, 20:1 on minor FX, 20:1 on major indices, 10:1 on commodities, 5:1 on equities, 2:1 on crypto.