Oanda vs Openbank 2026: which is better?
We compared Oanda and Openbank on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences.
Key differences
- Oanda holds 7 licences from strong regulators, against 0 for Openbank.
- Oanda offers copy trading; Openbank does not.
- Oanda offers MetaTrader 4, MetaTrader 5, which Openbank does not.
Comparison table
| Comparison table |
Oanda
Broker
|
Openbank Broker |
|---|---|---|
| Licences | FCA, ASIC, CFTC, NFA, CIRO, MAS, KNF, FSC (VG) Best | BdE |
| Minimum deposit | $0 | — |
| Maximum leverage | 1:888 | — |
| Trading platforms | MetaTrader 4, MetaTrader 5, TradingView, Web Trader, Mobile App | Openbank App |
| Markets | Forex, Stocks, Cryptocurrencies, Commodities and Gold, Indices | Stocks, Cryptocurrencies, Exchange-Traded Funds (ETFs) |
| Demo account | ✓ Yes | — |
| Copy trading | ✓ Yes | — |
| Founded | 1996 | 1995 |
| Headquarters | — | Boadilla del Monte (Madrid), Spain |
| Read the review | Read the review |
Data is for information only and may change; always check the official website before opening an account.
Add a third broker to the comparison
Choose Oanda if you
- want more licences from strong regulators
- want to copy other traders
- use MetaTrader 4, MetaTrader 5
Frequently asked questions
Which is better, Oanda or Openbank?
We compared Oanda and Openbank on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences. Oanda holds 7 licences from strong regulators, against 0 for Openbank. Oanda offers copy trading; Openbank does not. The best choice depends on your country and trading style, so check which licence your account will be opened under.
Are Oanda and Openbank regulated?
Oanda licences: FCA, ASIC, CFTC, NFA, CIRO, MAS, KNF, FSC (VG). Openbank licences: BdE.
What is the minimum deposit at Oanda and Openbank?
Oanda: $0. Openbank: not available.
Do Oanda and Openbank offer an Islamic account?
Oanda: No. Openbank: No.