OANDA vs Coinex: Fees, Security, Features & Which to Choose (2025)

Trying to choose between OANDA and Coinex This side-by-side comparison reveals total cost (fees + spreads), security & licenses, coins/derivatives, deposits/withdrawals, and app quality. In 2 minutes you’ll see who wins for beginners, active traders, and long-term holders. Clear pros/cons, a quick verdict, and safe links to get started.

Last updated on August 27, 2025

OANDA

Coinex

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Available Countries

United States

Yes

Europe

Yes

Latin America

Yes

India

Yes

China

Yes

Canada

Yes

United Kingdom

Yes

United States

yes

Europe

yes

Latin America

yes

India

China

Canada

yes

United Kingdom

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OANDA is ideal if:

Highly trusted, globally regulated – OANDA holds licenses from top-tier authorities (like CFTC, FCA, ASIC), giving you peace of mind in reliability and oversight.
Robust multi-platform flexibility – Access powerful and customizable trading environments across web, mobile, MT4, MT5, and TradingView.
Exceptional educational resources – Comprehensive learning tools, webinars, and research make OANDA especially supportive for continuous trader development.

Coinex is ideal if:

Privacy-minded traders: you can trade without mandatory KYC up to high limits, offering anonymity while retaining full platform access.
Global assets explorer: the platform supports a wide variety of crypto tokens alongside features like strategic trading (Auto-Invest, Spot Grid), making it great for exploring diverse markets.
Security-focused users: with multi-signature wallets, rigorous cold-storage, and committed proof-of-reserves, your funds benefit from robust protection.

OANDA isn’t ideal if:

Limited asset variety outside forex: If you're focused on trading individual stocks or ETFs, OANDA doesn’t support direct equity access in most regions, making it less suitable for equity-centric investors.
No guaranteed stops in some regions: Traders in the U.S. or U.K. won’t benefit from guaranteed stop-loss orders, which may be a concern if strict risk control matters to you.
Platform differences by location: Access to MT4, MT5, or advanced APIs varies by jurisdiction, so if you rely on specific tools or automation, check tool availability based on your region before choosing OANDA.

Coinex isn’t ideal if:

Strictly fiat-only traders: CoinEx doesn’t support direct fiat deposits or withdrawals; you must use third-party gateways if you want to convert between crypto and traditional currencies.
Regulation-focused investors: It lacks licensing from top-tier regulatory bodies, which may concern users seeking exchanges with clear, formal oversight.
Complete beginners seeking hand-holding: Educational resources and customer service can be less responsive or comprehensive, which may not suit those needing more guidance.

Fees & Total Costs

Spot Maker/Take

OANDA charges a flat crypto trading commission of around 0.25% per transaction, based on your 30-day trading volume tier; there’s no native token to offer discounts nor separate maker/taker pricing structure.

Spot trading fees decrease as your 30-day trading volume, CET balance, or VIP level increases—higher tiers enjoy lower maker and taker rates, with an extra discount if you opt to pay using the native CET token.

Futures/Derivatives

OANDA does not support crypto futures or derivatives; derivative trading (like CFDs or futures) is offered on other asset classes (e.g., forex, indices), but crypto is limited to spot trading with no funding or Rollover/Funding cost structure.

Futures trading applies different maker and taker fees based on VIP status, and while CoinEx doesn’t charge funding directly, perpetual contracts settle funding between long and short positions every 8 hours (or more frequently under extreme conditions).

Average Spreads on Liquid Pairs

Exact spreads for crypto aren’t published as benchmarks like forex pairs; instead, costs are embedded into the price you see when you buy or sell, offering transparent execution without separate spread disclosures.

Although CoinEx doesn’t publish spread figures directly, mainstream spot pairs like BTC/USDT and ETH/USDT generally exhibit tight spreads typical of mid-to-high liquidity venues, making execution costs reasonably competitive for active traders.

Fiat Deposits & Withdrawals

You can fund or withdraw via bank transfer, credit/debit card, or instant bank (depending on region) with no fees charged by OANDA—though your own bank or payment provider may levy conversion or processing costs, and processing times vary from instant to a few business days.

Methods, Fees, Times

On-chain Withdrawals

Crypto withdrawals via OANDA (partnering with Paxos/itBit) include a network fee that varies by blockchain (e.g., BTC, ETH, TRX), and while OANDA may not charge an internal fee, the dynamic network cost is passed on as part of the withdrawal.

Fixed vs Dynamic Fees (BTC, ETH, TRX, etc.)

Hidden Costs

While there are no surprise management or sign-up fees, you should note potential costs like currency conversion charges (if funding currency differs), monthly inactivity fees after a long dormancy period, or expedited KYC processing (if applicable)—though none are exorbitant.

Currency Conversion, Inactivity, Express KYC, etc.

Real-World Cost Example: “€500 BTC

If you bought €500 worth of Bitcoin, the cost would include the 0.25% commission (approx. €1.25), the embedded execution spread in the quoted price, and a separate network fee for withdrawal—making the total cost a mix of commission, implicit price margin, and blockchain fee.

If you buy €500 worth of BTC on CoinEx, your total cost comprises the third-party gateway’s currency conversion rate plus its service fee, the spread between buy and sell prices, and the dynamic on-chain withdrawal charge—so the final amount received in your wallet will be less than the gross purchase value due to these combined factors.

Crypto Offering & Trading Features

Number of Coins & Pairs

OANDA offers a small, curated selection of around 9–10 spot cryptocurrencies—such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Aave, Chainlink, Uniswap, PAX Gold, and Solana—without a full rank-by-volume list, but includes the most popular coins by market activity.

CoinEx lists over 800 cryptocurrencies and supports more than 1,200 trading pairs, including its most actively traded tokens ranked among the top 20 by volume, which typically consist of mainstream assets such as BTC, ETH, TRX, and a range of emerging altcoins.

Product Range

OANDA supports only spot crypto trading via Paxos (no margin, perpetuals, options, crypto ETFs, staking, loans, copy trading, bots, or automatic DCA features are available).

The platform offers a comprehensive set of services—including spot, margin, and perpetual futures (linear and inverse contracts), copy trading, crypto loans, one-click swap exchanges, staking, Auto-Invest plans, and Spot Grid bots—offering flexible strategies across investing and automated trading.

Liquidity

While exact figures aren’t public, liquidity is robust and consistently tight due to execution via the regulated Paxos itBit exchange, particularly on BTC and ETH pairs—ensuring reliable execution and minimal slippage.

CoinEx maintains solid liquidity, especially on BTC and ETH markets, reflected by consistently vigorous 24-hour trading volume and deep order-book depth that supports efficient execution even during volatile periods.

Tools

The platform offers basic and advanced tools—including “Quick Buy/Sell” (a market-style limit order) and limit orders, stop orders, live alerts, in-app charting, full TradingView integration, and API/WebSocket access for automated strategies.

You’ll find a robust toolkit featuring common order types like limit, market, stop-limit, plus advanced modes such as OCO and maker-only, along with real-time alerts, charting, API/WebSocket access, and built-in TradingView integration for sophisticated analysis.

Geographic Restrictions by Product

Crypto services are limited in some jurisdictions—spot crypto is accessible only through the mobile and TradingView platforms, and availability may vary; likewise, services like CFDs or derivatives on crypto are not offered in several regions.

While CoinEx is globally available in over 200 countries, certain products like derivatives and copy trading may be restricted in jurisdictions such as the U.S., Canada, Hong Kong, and China due to regional regulatory limitations.

Innovation

OANDA does not offer crypto launchpads/pools or flexible versus locked “earn” products; the focus remains firmly on straightforward spot trading, without DeFi-style or automated yield innovations.

The exchange actively innovates with features such as launchpads/pools, flexible versus locked staking options, and strategic products like Auto-Invest and Spot Grid—providing both passive yield and automated market participation tools.

Security, Regulation & Custody

Operating Entity & Jurisdiction

OANDA Crypto is operated by OANDA Coinpass Limited, a UK-registered company (Company No. 11164834) based in London, while the broader OANDA Group was founded in 1996 and is headquartered in New York. It operates through regulated entities across multiple regions.

The exchange began in 2017 and is operated under the ViaBTC ecosystem, with its legal base and main offices located in Hong Kong.

Licenses/Registration

In the UK, OANDA Coinpass is registered with the FCA as both a Crypto-asset Exchange Provider and Custodian Wallet Provider, and other OANDA entities are regulated in major jurisdictions including the US (CFTC/NFA), EU (FCA/KNF), Canada (CIRO), Singapore (MAS), Australia (ASIC), Japan (FSA), and the BVI (FSC).

CoinEx holds registration as a Virtual Asset Service Provider (VASP) in certain jurisdictions such as Estonia and complies with applicable regulations, but it does not currently fall under the EU’s MiCA framework.

Custody

Crypto holdings are entrusted to the third-party custodian Paxos (via Paxos Trust Company), not held by OANDA itself; while formal proof-of-reserves or audit summaries aren’t publicly shared, assets are maintained separately in user-named Paxos accounts.

CoinEx uses its own custody infrastructure with both hot and cold wallets, enhanced by multi-signature security. It publishes frequent Merkle-tree-based Proof of Reserves—maintaining a 1

Insurance & Protection Funds

No dedicated crypto insurance, fund protection, or compensatory schemes (like FSCS or SIPC) are in place; crypto assets are not covered by traditional financial protections in the event of platform or custodian insolvency.

The platform supports its risk management with a “Shield Fund,” which redirects around 10% of fees into a reserve designed to buffer against extreme or unexpected market shocks

Incident History

There appears to be no record of past hacks, major outages, wallet freezes, or official fines affecting OANDA’s crypto services—indicating a clean operational track record thus far.

Since its 2017 launch, CoinEx has maintained a clean security record with no known hacks, outages, freezing of accounts, regulatory fines, or major incidents to date

Risk Controls

Robust security measures are offered including mandatory (or strongly encouraged) two-factor authentication, internal security monitoring, a dedicated bug bounty via ethical disclosures, and Paxos-level safeguards such as withdrawal whitelisting and secure custody.

CoinEx implements strong safety protocols, including two-factor authentication (2FA), address whitelisting, anti-phishing measures, support for sub-accounts, and granular API permission controls, designed to minimize unauthorized access and bolster overall platform security.

Transparency

OANDA provides detailed legal and risk documentation via its Crypto Legal pages, but public disclosures such as monthly audits, wallet addresses, or service-level SLA guarantees are not made openly accessible.

The platform demonstrates transparent practices through monthly reserve updates, publicly verifiable wallets using Merkle trees, and clear communication via announcements—though formal SLA commitments are not prominently outlined.

Deposits, Withdrawals, KYC & Support

Fiat Deposit Methods

Deposits are made via debit/credit card, wire transfer, ACH, BPay (Australia), or online banking—card deposits are almost instant (with monthly caps), while bank methods take 1–5 business days; no explicit minimums stated, and e-wallets are generally not supported for crypto accounts.

CoinEx offers fiat deposits through partnerships with eight external providers like MoonPay, Banxa, Simplex, Mercuryo, Paxful, Guardarian, XanPool, and Advcash, enabling methods such as Visa/MasterCard, Apple Pay, UPI, SEPA, bank transfers, Revolut, and PIX. Minimum and maximum order limits vary by provider, and most transactions are completed within around 30 minutes once initiated.

Supported Fiat Currencies & Conversion

KYC (Verification Levels)

Levels & Limits

CoinEx features progressive verification tiers—from no-KYC to Basic and Advanced levels—with the scope of trading and withdrawal increasing by tier; higher KYC levels unlock significantly elevated withdrawal capacities.

Withdrawals

Fiat withdrawals can be made with no set caps (GBP/EUR to originating bank) though large sums undergo extra review; crypto withdrawals require 2FA and whitelisting of destination addresses, with withdrawal networks (like ERC-20) chosen depending on the coin.

Limits, Times & Networks

Customer Support

Support runs seven days per week (roughly 7 AM–midnight GMT) via email and phone; crypto-specific FAQs and legal resources are available online for self-help.

Users can reach support via a 24/7 live chat, email ticket system, and Help Center with detailed FAQs; tickets are submitted from the website footer and responses prioritize accuracy and clarity. Language support and average response times may vary.

Languages & Localization

The platform supports native Spanish (among other languages), displays fees in local currencies like €, and adapts regulatory compliance regionally—especially in the UK and EU.

The platform operates with native English and supports multiple other languages; fiat values can be displayed in common currencies like EUR and USD, while localized regulatory info may be limited depending on your country.

App Quality & Stability

The mobile app (on both Android and iOS) provides secure, responsive crypto trading—including auto-trade/DCA, advanced charting, and regular updates—though explicit crash rate or stability metrics aren’t published.

CoinEx provides both iOS and Android apps, featuring a clean, intuitive design and access to core functionality. While official crash-rate metrics are not published, user feedback indicates stability with regular updates to enhance performance and usability.

Experience, Performance & Ecosystem

UX/UI

OANDA delivers a clean, intuitive interface that balances simplicity with powerful tools—while there’s no explicit “Lite/Pro” mode, the mobile app is designed for both beginners and seasoned traders, offering quick buy/sell alongside advanced charting options.

CoinEx offers a clean and intuitive interface with a clear “Beginner” section and more advanced options for experienced traders; while explicit “Lite” or “Pro” modes aren’t labeled, the layout provides a natural progression from simple guides to feature-rich dashboards, making the platform approachable for all skill levels.

Performance

Thanks to OANDA’s partnership with Paxos’ itBit and TradingView integration, the platform ensures fast execution and reliable uptime, even during volatile periods—though, as with any high-demand service, minor responsive delays can occur under extreme market surges.

The platform boasts a high-speed matching engine built to handle order execution with minimal delay, and though official latency metrics aren’t public, user feedback suggests trading remains responsive even during volatility spikes; KYC processing tends to scale adequately, though verification backlogs can surface during market surges.

Education

OANDA supplements its platform with helpful learning materials, including an education portal and demo capabilities (for other asset classes), but the crypto side currently offers fewer dedicated Spanish-language guides or simulation tools.

CoinEx provides robust learning tools including the CoinEx Academy with security guides, glossaries, and crypto fundamentals, plus a full-featured demo trading mode for risk-free practice; Spanish-speaking users are also supported via official Telegram and localized content.

Community

While OANDA doesn’t run official crypto-focused forums or Discord/Telegram communities, it leverages TradingView’s vast trader base for idea sharing, and offers standard referral incentives globally across its platform.

A strong community is available through official Telegram channels—both English and Spanish—as well as podcast-style livestreams and social media engagement; affiliate and referral programs are integrated too, rewarding users for growing the network.

Integrations

The platform shines in integration—offering seamless real-time trading via TradingView’s charts, with API access for automation; however, it does not currently support external bot marketplaces, tax tools, or integrated accounting features.

CoinEx features native integrations like TradingView for advanced charting, supports Telegram-based trading bots, and its affiliate/referral dashboards assist tracking performance; however, specialized tax or accounting tool integrations are not prominently highlighted at this time.

Who Each One Is Best For

OANDA is especially well-suited for traders who value a trusted, regulated environment with smooth TradingView access and dependable execution—less ideal for those seeking rich educational content in crypto or advanced automation and tax/reporting tools.

The platform suits growth-minded individuals who value a balance of clarity and strategy—newcomers benefit from educational tools and a clean interface, while seasoned traders can leverage demo trading, strategic tools like grid bots, and active community programs to refine their approach.