FXChoice vs OANDA US
FXChoice Review 2023 | OANDA US Review 2023 |
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4.1
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4.5
OANDA US is #4 in our broker rankings. |
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FXChoice is a Belize-based broker established in 2010 and registered with the Financial Services Commission (FSC). The brand offers a wide selection of markets including crypto, plus the familiar MT4 and MT5 platforms. FXChoice stands out for its extra tools and perks, from LearnFx EAs to a VPS and Myfxbook's AutoTrade. New users can also claim a welcome bonus upon sign-up. |
OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is regulated by trusted agencies, including the NFA/CFTC. Around the clock support is available, alongside flexible contract sizes and automated trade executions. |
CFDs are not available to residents in the United States. | |
Bonus Offer | |
50% or 65% Welcome Deposit Bonus | |
Comment by Reviewer | |
"We recommend FXChoice for active traders with high leverage up to 1:1000, spreads from 0.0 pips and a five-tier loyalty program with fee rebates." | "We recommend OANDA for US traders seeking a user-friendly platform with premium market research and a straightforward joining process. OANDA is a particularly good pick if you want a heavily regulated broker with a secure trading environment." |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
CFDs, Forex, Indices, Commodities, Cryptocurrencies, Shares | Forex, Crypto |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$100 | $0 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
0.01 Lots | 0.01 Lots |
Regulator | |
FSC | NFA, CFTC |
Margin Trading | |
Yes | Yes |
Margin Rate | |
2% | |
STP Account | |
No | No |
ECN Account | |
Yes | No |
DMA Account | |
No | No |
MAM Account | |
Yes | No |
PAMM Account | |
No | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
No | No |
Negative Balance Protection | |
Yes | No |
Market Maker | |
Yes | Yes |
P2P Trading | |
No | No |
Spot Trading | |
Yes | Yes |
Mobile Apps | |
iOS & Android | iOS, Android + Web Trader |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader |
Copy Trading | |
Yes | No |
Copy Trading Platform | |
FXChoice has partnered with Myfxbook AutoTrade to offer copy trading to all account holders. You can find and follow the strategies of multiple traders with straightforward account management. MQL5 signals can also be used to inform buy or sell decisions. | |
Social Trading | |
Yes | No |
Trade Signals | |
Yes - MQL5 | |
VPS Hosting | |
Yes | No |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
$0 | |
Islamic Account | |
Yes | No |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
FXChoice offers highly leveraged CFD products on a breadth of financial markets, including shares, indices, commodities and crypto. FXChoice provides more supporting tools than many alternatives, including signals, auto trading, a VPS, and a research center. | CFD trading not offered |
Leverage | |
1:200 | 1:50 |
FTSE Spread | |
From $18.53 | |
GBPUSD Spread | |
From $8 | |
Oil Spread | |
From $40 | |
Stocks Spread | |
Variable | |
Forex Trading | |
Trade 36 forex pairs, including the EUR/USD with spreads from zero pips. FXChoice offers higher leverage on forex than most competitors, alongside 24/5 support and an accessible $10 starting deposit. | OANDA offers 68 forex pairs, more than many alternatives. The broker's in-house platform also offers impressive execution speeds and a suite of advanced charting and analysis tools. |
Forex App | |
MT4 and MT5 apps are available to download form the Apple and Google Play stores. Both applications offers one-click trading, advanced charts and graphs, built-in support, plus instant and pending order types. MT4 is best suited to forex beginners while MT5 will meet the needs of experienced FX traders. |
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 68 major, minor and exotic currency pairs. The forex app is available to download from the Apple App Store and Google Play. |
GBPUSD Spread | |
From $8 | 3.4 |
EURUSD Spread | |
From $5 | 1.6 |
EURGBP Spread | |
From $6.95 | 1.7 |
Assets | |
36 | 65+ |
Cryptocurrency | |
FXChoice offers trading on leading crypto cross pairs with the US Dollar. The selection of digital assets is narrow but spreads are tight starting at 0.15. | Speculate on the world's biggest cryptos by market cap. Commissions are lower than many peers starting at 0.25%. Clients can spot trade cryptocurrencies on Paxos's itBit exchange through the OANDA platform via OANDA’s partnership with Paxos. Users can trade digital currencies in a few taps through the iOS and Android mobile app. |
Spread | |
0.11 - 3.0 pips | $100 |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
Yes | No |
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CFDs are not available to residents in the United States. | |
More Comparisons | |
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