OANDA
Motilal Oswal
VS
Higher Rated
OANDA
Capital at risk · T&Cs apply
Choosing between OANDA and Motilal Oswal depends on your trading style, preferred markets, and budget. OANDA is headquartered in New York, USA, while Motilal Oswal operates from Mumbai, India. Motilal Oswal has the longer track record, established in 1987, compared to OANDA which was founded in 1996. 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
Motilal Oswal
OANDA is the better choice overall, scoring 4.1/5 vs 3.3/5 on BrokerRank's independent rating. On fees, Motilal Oswal offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
OANDA
4.1 vs 3.3
Lowest Fees
Motilal Oswal
0.6 vs 0 pips
Regulation
OANDA
4 vs 1 licences
Min. Deposit
Tied
$0 vs $0
OANDA
WinnerMotilal Oswal
OANDA
Motilal Oswal
Lower feesOANDA holds licences from FCA, CFTC, ASIC. Motilal Oswal is regulated by SEBI.
Both brokers offer access to Indices, Commodities markets. OANDA additionally covers Forex, Cfd. Motilal Oswal adds Stocks, Etf, Crypto.
On spreads, Motilal Oswal 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. Motilal Oswal offers Proprietary Web, Proprietary Mobile, MO Investor. Both brokers are available on Proprietary Web, Proprietary Mobile.
OANDA requires no minimum deposit, while Motilal Oswal sets no minimum deposit. This makes OANDA accessible to traders with any budget.
BrokerRank scores OANDA at 4.09/5 and Motilal Oswal at 3.26/5, 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 Motilal Oswal'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 Motilal Oswal starts at 0 pips. Check the fees section above for a full breakdown.
OANDA requires a minimum deposit of $0. Motilal Oswal requires $0.
OANDA is regulated by FCA, CFTC, ASIC, MAS, while Motilal Oswal holds licences from SEBI.
OANDA supports MT4, Proprietary Web, Proprietary Mobile. Motilal Oswal supports Proprietary Web, Proprietary Mobile, MO Investor.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.