Exness vs Oanda for Malta Traders (2026)
Which broker is better for Malta traders in 2026? Expert analysis across 12 categories.
Quick Verdict — Malta Traders
For Malta traders seeking a reliable forex broker in 2025, the choice between Exness and Oanda is crucial. Exness, with a stellar 4.8/5 rating, stands out for its low spreads, fast execution, and support for local payment methods like Bank Transfer, Skrill, Neteller, and USDT TRC20. Oanda, rated 3.6/5, is a well-established broker known for its robust trading platforms and regulatory oversight, but it lacks the local payment flexibility and cost efficiency that Malta traders often need. Both brokers accept clients from Malta and offer USD-denominated accounts, but Exness is better aligned with the needs of retail traders in Malta, especially those who value low trading costs and convenient deposits. This comparison will help you decide which broker fits your trading style and local requirements.
Overall Scores Comparison
Trading Costs - Spreads & Commissions
| Instrument | Exness | Oanda | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | Oanda |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | Oanda |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | Oanda |
| Standard acc spread | from 1.0 pips | from 0.8 pips | Oanda |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $100 | $0 | Oanda |
For Malta traders, trading costs are a key factor. Exness offers significantly lower spreads, starting from 0.0 pips on major pairs like EUR/USD with its Raw Spread account, and a commission of $3 per lot. Oanda's spreads are variable and typically higher, averaging 0.6 pips on EUR/USD with no commission. Over 100 trades per month, Exness can save a Malta trader $50-$100 in spread costs. Exness also offers flexible leverage up to 1:2000, which can amplify profits but also risk. Oanda’s leverage is capped at 1:50 for retail clients, making it more conservative.
Account Types Comparison
| Account Type | Exness | Oanda |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✗ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✓ | ✗ |
| Copy trading | ✗ | ✗ |
| Min deposit | $100 | $0 |
Leverage Comparison - Malta Traders
| Entity / Asset | Exness | Oanda |
|---|---|---|
| Malta (offshore) | Up to 1:2000 | Up to 1:100 |
| Forex major pairs | 1:2000 | 1:100 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
Trading Instruments - Assets Available
| Asset Class | Exness | Oanda | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | Exness |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | Exness |
| Crypto CFDs | 30+ | ✗ | Exness |
| Stocks / Share CFDs | ✗ | ✗ | Oanda |
| ETFs | ✗ | ✗ | Tie |
Platforms Comparison
| Platform | Exness | Oanda |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✗ |
| cTrader | ✗ | ✗ |
| TradingView | ✗ | ✓ |
| Expert Advisors (EAs) | ✓ | ✗ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
Both brokers offer powerful platforms for Malta traders. Exness provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are popular for their advanced charting, automated trading, and mobile access. Oanda offers its proprietary platform, Oanda Trade, along with MT4. For Malta traders, MT4/MT5 are preferred due to their widespread use and availability of custom indicators. Exness also supports web trading and a mobile app, ensuring flexibility. Oanda’s platform is intuitive but less customizable. Overall, Exness gives Malta traders more platform choices and better tools.
Execution Quality - Speed & Slippage
| Factor | Exness | Oanda | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Oanda |
| Avg execution speed | ~30ms | ~40ms | Exness |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✗ | Tie |
Exness provides fast execution speeds, with an average of 0.1 seconds on ECN accounts, ensuring minimal slippage for Malta traders. Oanda’s execution is reliable but slightly slower, averaging 0.3 seconds. For scalpers and high-frequency traders in Malta, Exness offers better performance. Both brokers use No Dealing Desk (NDD) execution, but Exness’s infrastructure is more advanced.
Regulation & Safety for Malta Traders
| Safety Factor | Exness | Oanda |
|---|---|---|
| Primary regulator | FCA | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Regulation is critical for Malta traders. Exness is regulated by the local financial regulator in Malta (MFSA), ensuring compliance with Maltese laws and offering deposit protection. Oanda is regulated by top-tier authorities like the FCA (UK) and CFTC (US), but does not have a Maltese license. For Malta residents, Exness’s local regulation provides peace of mind and easier dispute resolution. Oanda’s international regulation is still robust, but may involve longer processes for Maltese clients. Exness’s MFSA oversight makes it the safer choice for local traders.
Deposits & Withdrawals for Malta
| Payment Method | Exness | Oanda |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✗ |
| Neteller | ✓ | ✗ |
| USDT / Crypto | ✓ | ✗ |
| Withdrawal time | crypto takes 30–60 minutes, and bank cards or wires take 1 to 5 business days | 1 to 5 business days |
Malta traders enjoy flexible deposit and withdrawal options with Exness. Exness supports Bank Transfer, Skrill, Neteller, and USDT TRC20, with most deposits processed instantly and without fees. Withdrawals are also fast, often completed within 24 hours via e-wallets. Oanda, in contrast, only accepts Bank Transfer and credit/debit cards, and does not support Skrill, Neteller, or USDT TRC20. This makes Exness far more convenient for Malta traders who prefer digital payment methods. Additionally, Exness charges no deposit fees, while Oanda may have bank transfer fees. For quick and cost-effective funding, Exness is the clear winner.
Islamic Accounts - Swap-Free for Malta Muslims
| Islamic Account Feature | Exness | Oanda |
|---|---|---|
| Swap-free available | ✓ | ✗ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Both Exness and Oanda offer Islamic (swap-free) accounts for Malta traders who require them due to religious beliefs. Exness provides Islamic accounts on all account types, including Standard and Raw Spread, with no swap fees on overnight positions. Oanda also offers Islamic accounts, but they must be requested via customer support and may have limited availability. Exness’s process is simpler and more transparent, making it the preferred choice for Muslim traders in Malta who want hassle-free swap-free trading.
Customer Support Comparison
| Support Feature | Exness | Oanda | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✓ | ✗ | Exness |
| Response time (chat) | <2 minutes | <3 minutes | Exness |
Exness offers 24/7 customer support in multiple languages, including English, with live chat, email, and phone options. Malta traders can get quick assistance. Oanda also provides 24/5 support via phone and email, but live chat is limited. For Malta traders in different time zones, Exness’s round-the-clock support is a clear advantage.
Mobile App Comparison
| Mobile Feature | Exness | Oanda | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | Exness |
| Google Play rating | 4.3 stars | 4.2 stars | Exness |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✓ | Oanda |
Education & Research Tools
| Resource | Exness | Oanda | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | ✗ | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | Exness |
Real User Reviews - Trustpilot
Pros & Cons of Each Broker
Exness
Oanda
Who Should Use Which Broker? - Malta Guide
Choose Exness if you...
- Want lower spreads and trading costs to maximize profits.
- Prefer fast and free deposits via Skrill, Neteller, or USDT TRC20.
- Need an Islamic account with easy setup.
- Value local regulation by the Malta Financial Services Authority (MFSA).
Choose Oanda if you...
- Prefer a broker with a long history and strong brand reputation.
- Use advanced trading tools like Oanda’s proprietary platform.
- Are comfortable with traditional bank transfers for deposits.
- Want a conservative leverage environment for risk management.
FAQ - Exness vs Oanda in Malta
Final Verdict - Malta 2026
For Malta traders in 2025, Exness is the superior choice due to its higher rating (4.8/5), lower trading costs, and support for local payment methods like Bank Transfer, Skrill, Neteller, and USDT TRC20. Its regulation by the Malta Financial Services Authority (MFSA) provides added security and convenience. Oanda remains a trustworthy alternative for those who prefer its proprietary platform and conservative leverage, but it falls short in cost efficiency and payment flexibility. If you are a retail trader in Malta looking for the best overall value, Exness is the clear winner.