Your capital is at risk. Trade only with funds you can afford to lose.
FOREX.com
#36 in our CFD broker rankings
Accepts traders from Qatar
Rating breakdown
- Regulation & trust4.50.1 higher than OANDA (4.4)
- Assets & markets4.00.6 higher than OANDA (3.4)
- Fees & costs4.20.7 higher than OANDA (3.5)
- Platforms & tools4.61.3 higher than OANDA (3.3)
- Accounts & banking4.00.5 higher than OANDA (3.5)
- Education3.90.4 lower than OANDA (4.3)
- Research4.81.0 higher than OANDA (3.8)
- Customer support3.90.6 lower than OANDA (4.5)
OANDA’s score. Numbers show the difference.
OANDA
#71 in our CFD broker rankings
Accepts traders from Qatar
Rating breakdown
- Regulation & trust4.40.1 lower than FOREX.com (4.5)
- Assets & markets3.40.6 lower than FOREX.com (4.0)
- Fees & costs3.50.7 lower than FOREX.com (4.2)
- Platforms & tools3.31.3 lower than FOREX.com (4.6)
- Accounts & banking3.50.5 lower than FOREX.com (4.0)
- Education4.30.4 higher than FOREX.com (3.9)
- Research3.81.0 lower than FOREX.com (4.8)
- Customer support4.50.6 higher than FOREX.com (3.9)
FOREX.com’s score. Numbers show the difference.
| FOREX.com | OANDA | |
|---|---|---|
| Overview | Founded in 2001, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms. | OANDA is an award-winning global broker, established in 1996. The hugely respected brand offers competitive trading accounts and serves clients from 196 countries. It remains a popular option with both beginners and experienced traders thanks to its user-friendly and sophisticated web platform, no minimum deposit and premium currency products and services. The company is also overseen by reputable regulators, including the FCA, ASIC and CIRO. |
| Customer Reviews | Based on 5 customer reviews | Based on 3 customer reviews |
| Trustpilot Score | – | |
| Bonus Offer | 20% Welcome Bonus Up To $5,000 | – |
| Comment by Reviewer | “FOREX.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools.” | “OANDA will serve day traders looking for a trustworthy broker with a beginner-friendly platform, superb research and straightforward account opening. The $0 minimum deposit and excellent customer support makes it especially attractive to newer traders.” |
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| Awards | – |
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| Instruments | Forex, CFDs, Stock CFDs, Indices, Commodities, Futures, Options, Crypto | CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, ETFs, Spread Betting |
| Demo Account | Yes | Yes |
| Minimum Deposit | $100 | $0 |
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| Payment Methods | Debit Card, Credit Card, Visa, Mastercard, Wire Transfer, Local Bank Transfer, Skrill, Neteller, PayPal, PayNow | |
| Minimum Trade | 0.01 Lots | 0.01 Lots |
| Regulator | NFA, CFTC, CIRO, FCA, CySEC, ASIC, FSA, MAS, CIMA, CMA-UAE | FCA, CIRO, ASIC, MAS, JFSA, KNF, BVI FSC |
| Margin Trading | Yes | Yes |
| Margin Rate | – | 2% |
| 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 | Yes |
| Market Maker | No | Yes |
| P2P Trading | No | No |
| Spot Trading | Yes | Yes |
| Mobile Apps | iOS & Android | OANDA Trade, MT4 |
| App Review | Running alongside the MT4 and Web Trader platforms, the FOREX.com 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. Additionally, it beats out MT4 when it comes to mobile charting tools, with over 80 indicators and 11 chart types, not to mention a slicker design that we love. | – |
| Android App Rating | ||
| iOS App Rating | ||
| Auto Trading | Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader and OANDA API |
| Copy Trading | No | No |
| Social Trading | No | No |
| 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 | $10 |
| Islamic Account | Yes | No |
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| CFD Trading | ||
| Overview | With the ability to take both long and short positions on 5,500+ CFDs across forex, stocks, indices, commodities, and cryptocurrencies, FOREX.com excels. Its exclusive Web Trader platform offers an excellent trading experience, equipped with over 80 technical indicators and average execution speeds of just 20 milliseconds, ensuring an optimal environment for serious day traders. | You can speculate on popular financial assets covering forex, commodities, indices, metals and bonds. You can get started with $0 minimum deposit, making the broker a good pick for beginners. There’s also over 130 technical indicators available collectively in the MT4 and OANDA Trade platforms. |
| Leverage | 1:400 | 1:200 |
| FTSE Spread | 1.0 | 1.0 |
| GBPUSD Spread | 1.3 | 1.4 |
| Oil Spread | 2.5 | 3.0 |
| Stocks Spread | 0.14 | 12 (Apple Inc) |
| Forex Trading | ||
| Overview | FOREX.com continues to uphold its stature as a premier FX broker, offering 80 currency pairs and boasting some of the most competitive fees in the industry. With EUR/USD spreads dipping as low as 0.0 and $7 commission per $100k, it stands out. | OANDA offers 68 currency pairs, which is above the industry average. You can speculate on majors, minors and exotics, with spreads from 0.8 pips on popular pairs. There are no commissions and leverage is available up to 1:200. Average execution speeds are fast based on tests, at 12 milliseconds. |
| GBPUSD Spread | 1.3 | 1.4 |
| EURUSD Spread | 1.2 | 0.8 |
| EURGBP Spread | 1.4 | 0.9 |
| Assets | 84 | 68 |
| Cryptocurrency | ||
| Overview | You can trade a small range of 8+ cryptos against USD, EUR, GBP and AUD with tight spreads and no virtual wallet required. Algo traders can also utilize Expert Advisors (EAs) to automate their crypto trades. | OANDA offers trading on leading cryptocurrencies, including Bitcoin. You can place trades in the app hassle-free and practice in the unlimited demo account. The broker offers guaranteed stop-loss orders to help protect you against crypto market volatility. |
| Spread | BTC 1.4%, ETH 2% | $100 |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |