Oanda vs FXCM

OANDA vs FXCM Comparison Table 2023
OANDA Review 2023	FXCM Review 2023
Review 4.3	Review 3.5
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available CFD brokers
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 has proven 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.	FXCM is a respected forex and CFD broker, established since 1999. The British-headquartered broker has won multiple awards and operates in various jurisdictions, including the UK and Australia. With zero commissions, over 400 assets, and a range of analysis tools, FXCM is a popular choice. The broker is also FCA regulated and authorized in Australia and South Africa.
Comment by Reviewer
"OANDA will serve traders looking for a trustworthy broker with a beginner-friendly platform, best in class research and straightforward account opening. The $0 minimum deposit makes it especially attractive to newer traders and those on a budget."	"FXCM is a top pick for traders deploying automated trading strategies, with four powerful platforms, strategy backtesting and algo trading through APIs. The broker is also great for active traders, with discounted spreads and low to zero commissions on popular assets."
Pros
Oversight from tier-one regulators make the broker a reliable and trustworthy broker The guaranteed stop loss order (GSLO) is a useful risk management tool not available at many alternatives We found the OANDA web platform easy to learn and rated the sophisticated charting tools The brand has an excellent reputation and 25 years experience with a string of awards No restrictions on trading strategies with scalping, hedging and netting permitted The $0 minimum deposit will appeal to newer traders With 68 forex pairs the broker will serve active forex traders Spreads are tight and there are zero hidden fees	A choice for 4 powerful platforms including MT4, Capitalise.AI and the broker's proprietary solution Premium support and custom solutions in the Active Trader professional account Excellent trading tools including a market scanner, forex signals and access to reputable research site, eFXplus Strong selection of educational materials including a new trader guide, market outlook reports and free webinars Impressive global regulatory status with 4 reputable licenses with the FCA, ASIC, CySEC and FSCA A range of funding methods including bank cards, Apple Pay and PayPal, with instant processing times
Cons
There is a narrow range of payment methods with no PayPal High-volume traders get limited fee rebates or perks Weekend customer support isn't available Social and copy trading tools aren't supported	Live chat support is unreliable Not the widest range of assets or trading vehicles
Awards
Best Trading Tools winner 2021 - Online Personal Wealth Awards Awarded highest overall client satisfaction 2021 - Investment Trends US Leverage Trading Report, Margin Forex Awarded highest client satisfaction for mobile platform/app 2021 - Investment Trends US Leverage Trading Report, Margin Forex Voted Most Popular Broker 2021 - TradingView Broker Awards Voted Best Forex and CFD Broker 2021 - TradingView Broker Awards
Instruments
Stocks, Spreadbetting, CFD, Forex, Crypto	Stocks, Spreadbetting, CFD, Forex, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$0	$50
Trading Platforms
MT4 MT5 TradingView AutoChartist	MT4 TradingView eSignal
Payment Methods
Credit Card Debit Card Mastercard Neteller Skrill Trustly Visa Wire Transfer	Apple Pay Credit Card Debit Card Google Wallet Klarna PayPal POLi Wire Transfer
Minimum Trade
$0	Variable
Regulator
FCA, ASIC, MFSA, MAS, CIRO, FFAJ, BVI	FCA, CySEC, ASIC.
Margin Trading
Yes	Yes
Margin Rate
2%
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	Yes
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	Yes
Market Maker
Yes	Yes
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
OANDA Trade, MT4	iOS and Android
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No	Yes
Copy Trading Platform
	FXCM offers social and copy trading on forex, CFDs and cryptos through the hugely popular ZuluTrade platform. The sign-up process is quick and you can track your performance in real-time.
Social Trading
No	Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
Yes	No
Inactivity Fee
$0
Islamic Account
No	No
Account Currencies
USD EUR GBP CAD AUD JPY CHF HKD SGD	USD EUR GBP CAD AUD ZAR CHF
Stock Exchanges
Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng London Stock Exchange Nasdaq Russell 2000 S&P 500	Euronext IBEX 35 Russell 2000
Commodities
Copper Corn Gold Natural Gas Oil Palladium Platinum Silver Soybeans Sugar Wheat	Cannabis Gold Oil Silver
CFD Trading
Speculate on popular financial assets covering forex, commodities, indices, metals and bonds. Clients can trade CFDs on the award-winning MT4 platform or the firm's beginner-friendly web trader.	Trade a range of CFD instruments on one of FXCM's multi-asset platforms with fast execution and zero/positive slippage. Daily market analysis can also be used to inform trading decisions.
Leverage
1:30	1:30
FTSE Spread
1.0	1.18 pts var*
GBPUSD Spread
1.4	0.5 pips*
Oil Spread
3.0	0.05 (var)*
Stocks Spread
Variable	0.2% Var*
Forex Trading
OANDA offers 68 currency pairs, more than most forex brokers, covering majors, minors and exotics. The OANDA Trade platform also offers powerful technical analysis tools while average execution speeds are fast at 12 ms.	Access over 40 currency pairs with no commissions and low spreads from 0.78 pips for EUR/USD. Forex can also be traded 24/5 on a choice of reliable platforms.
GBPUSD Spread
1.4	0.5 pips var*
EURUSD Spread
0.8	0.2 pips var*
EURGBP Spread
0.9	0.5 pips var*
Assets
68	40
Currency Indices
	JPY
Cryptocurrency
OANDA offers trading on leading cryptocurrencies, including Bitcoin. We rate the low fees which start at 0.25% and that you can place trades in the app hassle-free.	Trade some of world's most popular digital coins with zero commission and leverage up to 1:4. FXCM also stands out for its crypto major basket which offers exposure to Bitcoin, Ethereum, Litecoin and Bitcoin Cash in one trade.
Spread
$100	Variable
Coins
BTC ETH LTC BCH PAXG LINK UNI AAVE	BTC ETH LTC BTC
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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