Forex.com vs Oanda

Forex.com vs OANDA Comparison Table 2023
Forex.com OANDA
4.5

Forex.com is #1 in our CFD broker rankings.

4.5

OANDA is #4 in our broker rankings.

United States Flag Traders from US accepted
United States Flag Traders from US accepted

Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer tight spreads on a cutting edge platform.

OANDA offers 70 forex pairs with two competitive pricing models and a substantial welcome deposit bonus

OANDA Corporation is regulated by the CFTC/NFA. OANDA is a member Firm of the NFA (Member ID: 0325821). CFDs are not available to residents in the United States.
Pros
  • Highly rated
  • Demo account
  • MT4 integration
  • Low minimum deposit
  • Fast execution speed
  • Full range of investments
  • Strong regulatory oversight
  • Multiple account currencies
Cons
  • No copy trading
Awards
  • Best CFD Broker 2022 - Rankia
  • Best HNW Service 2022 - Dubai Forex Expo
  • Best US Broker 2020 - DayTrading.com
  • Best US Broker 2019 - DayTrading.com
  • Runner-Up - Best Forex Broker 2019 - DayTrading.com
  • Best US Broker 2023 - DayTrading.com
  • Best Trading Tools winner
  • (Online Personal Wealth Awards 2021)
  • Awarded highest overall client satisfaction
  • (Investment Trends 2021 US Leverage Trading Report, Margin Forex)
  • Awarded highest client satisfaction for mobile platform/app
  • (Investment Trends 2021 US Leverage Trading Report, Margin Forex)
  • Voted Most Popular Broker 2021
  • (TradingView Broker Awards)
  • Voted Best Forex and CFD Broker 2021
  • (TradingView Broker Awards)
Bonus
No $5,000 welcome bonus with a deposit of $500
Instruments
Forex, CFDs, Stocks, Indices, Commodities, Cryptos, Futures, Options Forex
Demo Account
Yes Yes
Minimum Deposit
$100 $0
Payment Methods
Debit card (Visa or Mastercard), Automated Clearing (ACH), bank transfer deposits
Minimum Trade
$1 $0
Regulator
CySEC, IIROC, NFA, CFTC, FCA, CIMA CFTC, NFA
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
Yes No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes Yes
Autochartist
Yes Yes
eSignal
Yes No
Trading Central
Yes No
STP Account
Yes No
ECN Account
Yes No
DMA Account
Yes No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
Yes No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
No Yes
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android FxTrade, MT4
Auto Trading
Automated trading supported through platforms (MT4) EAs
Copy Trading
No No
Social Trading
No No
Trade Signals
SMART Signals
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No Yes
Inactivity Fee
$15
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • CHF
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • HKD
  • SGD
Stock Exchanges
Commodities
CFD Trading
Go long and short on a range of popular financial markets with low fees. CFD trading not offered
Leverage
1:200 1:30 EU, 1:200 Global
FTSE Spread
1 pt 1.0
GBPUSD Spread
1.0 Var 3.4
Oil Spread
0.04 Var 3.0
Stocks Spread
0.1% (Min Commission Applies) Variable
Forex Trading
Forex.com is a leading FX broker. Offering a large range of currency pairs and some of the tightest spreads in the industry. Take positions on major, minor and exotic currency pairs with competitive trading conditions.
Forex App

Running alongside the Advanced and WebTrader Platforms, the Forex.com mobile app offers full trading capabilities on a user-friendly, compact platform. Integrated news and analysis, plus real time trade alerts, are two mobile specific features that set this app above the crowd.

The FxTrade app is OANDA’s proprietary forex trading application. One-click trading, historical price history and straightforward account management is available. Traders can speculate on 70 major, minor and exotic currency pairs. The forex app is available to download from the Apple App Store and Google Play.

GBPUSD Spread
1.0 Var 3.4
EURUSD Spread
0.8 Var 1.6
EURGBP Spread
0.8 Var 1.7
Assets
80+ 70
Cryptocurrency
Trade the major cryptos against USD, EUR, GBP and AUD. All traded with tight spreads. No virtual wallet required, just a trading account. Note, cryptos are not available in the US, UK or Canada. Speculate on the world's biggest cryptos by market cap
Spread
BTC 1.4%, ETH 2% $100
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • BTC
  • ETH
  • LTC
  • BCH
  • PAXG
  • LINK
  • MATIC
  • UNI
  • AAVE
  • SOL
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
OANDA Corporation is regulated by the CFTC/NFA. OANDA is a member Firm of the NFA (Member ID: 0325821). CFDs are not available to residents in the United States.
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