OANDA
mBank
VS
Higher Rated
OANDA
Capital at risk · T&Cs apply
Choosing between OANDA and mBank depends on your trading style, preferred markets, and budget. OANDA is headquartered in New York, USA, while mBank operates from Warsaw, Poland. OANDA has the longer track record, established in 1996, compared to mBank which was founded in 2000. 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
mBank
OANDA is the better choice overall, scoring 4.1/5 vs 3.3/5 on BrokerRank's independent rating. On fees, mBank offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
OANDA
4.1 vs 3.3
Lowest Fees
mBank
0.6 vs 0 pips
Regulation
OANDA
4 vs 1 licences
Min. Deposit
Tied
$0 vs $0
OANDA
WinnermBank
OANDA
mBank
OANDA holds licences from FCA, CFTC, ASIC. mBank is regulated by KNF.
Both brokers offer access to Forex, Cfd, Indices markets. OANDA additionally covers Commodities. mBank adds Stocks, Etf.
On spreads, mBank 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. mBank offers Proprietary Web, Proprietary Mobile, mBank Trader. Both brokers are available on Proprietary Web, Proprietary Mobile.
OANDA requires no minimum deposit, while mBank sets no minimum deposit. This makes OANDA accessible to traders with any budget.
BrokerRank scores OANDA at 4.09/5 and mBank at 3.27/5, 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 mBank's 3.3/5. 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 mBank starts at 0 pips. Check the fees section above for a full breakdown.
OANDA requires a minimum deposit of $0. mBank requires $0.
OANDA is regulated by FCA, CFTC, ASIC, MAS, while mBank holds licences from KNF.
OANDA supports MT4, Proprietary Web, Proprietary Mobile. mBank supports Proprietary Web, Proprietary Mobile, mBank Trader.
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.