Exness vs Oanda for North Macedonia Traders (2026)

Exness offers tighter spreads, starting from 0.0 pips on major pairs like EUR/USD with the Raw Spread account, and no commission on standard accounts. For a North Macedonia trader executing 100 lots per month, this can save hundreds of dollars compared to Oanda, where spreads start from 1.0 pips and commissions apply on certain account types. Oanda's spreads are fixed but wider, making Exness more cost-effective for frequent traders. Additionally, Exness has no hidden fees for deposits via Skrill or Neteller, while Oanda may charge conversion fees for non-USD deposits.

Both brokers offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are popular among North Macedonia traders for their advanced charting and automated trading capabilities. Exness also provides its own web and mobile platforms with one-click trading and social trading features. Oanda offers the proprietary fxTrade platform, which is user-friendly but less customizable. For North Macedonia traders who prefer mobile trading, Exness's app is optimized for local internet speeds and supports USDT TRC20 deposits directly from the app.

Exness uses straight-through processing (STP) with an average execution speed of 0.1 seconds, ensuring minimal slippage even during high volatility. Oanda uses a market maker model with execution speeds around 0.3 seconds. For North Macedonia traders who rely on scalping or news trading, Exness's faster execution and no requotes provide a clear edge.

Exness is regulated by the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC), ensuring client fund segregation and negative balance protection. Oanda is regulated by the Commodity Futures Trading Commission (CFTC) in the US and the FCA. For North Macedonia traders, this means both brokers offer a high level of security, but Exness's regulation under CySEC (MiFID II) provides additional investor compensation schemes. The local financial regulator in North Macedonia does not directly oversee forex brokers, so relying on reputable international regulators is crucial.

Exness supports multiple deposit methods tailored for North Macedonia: Bank Transfer (1-3 days), Skrill (instant), Neteller (instant), and USDT TRC20 (instant). Minimum deposit is just $10, and there are no fees. Withdrawals are processed within 24 hours, and USDT TRC20 deposits are particularly useful for traders who prefer cryptocurrency. Oanda only accepts Bank Transfer and credit/debit cards, with a minimum deposit of $250 and withdrawal processing time of 2-5 days. For North Macedonia traders, Exness clearly offers more convenience and speed, especially with Skrill and Neteller widely used locally.

Exness provides Islamic (swap-free) accounts for all account types, available upon request to North Macedonia Muslim traders. These accounts comply with Sharia law by not charging or paying overnight swap fees. Oanda does not offer Islamic accounts, which is a significant limitation for the Muslim population in North Macedonia. Exness also ensures that swap-free status applies to all instruments, including forex, indices, and commodities.

Exness offers 24/7 customer support in multiple languages, including English and Macedonian, via live chat, email, and phone. Oanda provides 24/5 support with limited language options. For North Macedonia traders, Exness's round-the-clock support is a major advantage, especially during local trading hours or weekends when Oanda's support is unavailable.