OANDA
InvestEngine
VS
Higher Rated
OANDA
Capital at risk · T&Cs apply
Choosing between OANDA and InvestEngine depends on your trading style, preferred markets, and budget. OANDA is headquartered in New York, USA, while InvestEngine operates from London, UK. OANDA has the longer track record, established in 1996, compared to InvestEngine which was founded in 2019. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
OANDA
InvestEngine
OANDA is the better choice overall, scoring 4.1/5 vs 3.2/5 on BrokerRank's independent rating. On fees, InvestEngine offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
OANDA
4.1 vs 3.2
Lowest Fees
InvestEngine
0.6 vs 0 pips
Regulation
OANDA
4 vs 1 licences
Min. Deposit
Tied
$0 vs $0
OANDA
WinnerInvestEngine
OANDA
InvestEngine
Lower feesOANDA holds licences from FCA, CFTC, ASIC. InvestEngine is regulated by FCA.
OANDA additionally covers Forex, Cfd, Indices, Commodities. InvestEngine adds Stocks.
On spreads, InvestEngine is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at OANDA.
OANDA supports MT4, Proprietary Web, Proprietary Mobile. InvestEngine offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
OANDA requires no minimum deposit, while InvestEngine sets no minimum deposit. This makes OANDA accessible to traders with any budget.
BrokerRank scores OANDA at 4.09/5 and InvestEngine at 3.19/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. OANDA leads overall with a clear advantage.
OANDA scores higher overall on our independent rating system. OANDA holds a 4.1/5 rating vs InvestEngine's 3.2/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
OANDA offers spreads from 0.6 pips, while InvestEngine starts at 0 pips. Check the fees section above for a full breakdown.
OANDA requires a minimum deposit of $0. InvestEngine requires $0.
OANDA is regulated by FCA, CFTC, ASIC, MAS, while InvestEngine holds licences from FCA.
OANDA supports MT4, Proprietary Web, Proprietary Mobile. InvestEngine supports Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across 345 brokers
58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.