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OANDA
Doesn't accept traders from China. See available CFD brokers
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Rating breakdown
- Regulation & trust4.40.3 higher than FXCM (4.1)
- Assets & markets3.40.6 lower than FXCM (4.0)
- Fees & costs3.5same as FXCM (3.5)
- Platforms & tools3.30.7 lower than FXCM (4.0)
- Accounts & banking3.50.3 lower than FXCM (3.8)
- Education4.30.8 higher than FXCM (3.5)
- Research3.8same as FXCM (3.8)
- Customer support4.50.2 higher than FXCM (4.3)
FXCM’s score. Numbers show the difference.
FXCM
#66 in our CFD broker rankings
Accepts traders from China
Rating breakdown
- Regulation & trust4.10.3 lower than OANDA (4.4)
- Assets & markets4.00.6 higher than OANDA (3.4)
- Fees & costs3.5same as OANDA (3.5)
- Platforms & tools4.00.7 higher than OANDA (3.3)
- Accounts & banking3.80.3 higher than OANDA (3.5)
- Education3.50.8 lower than OANDA (4.3)
- Research3.8same as OANDA (3.8)
- Customer support4.30.2 lower than OANDA (4.5)
OANDA’s score. Numbers show the difference.
| OANDA | FXCM | |
|---|---|---|
| Overview | 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. | 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 remains a popular choice for day traders. The broker is also regulated by top-tier authorities including the FCA, ASIC, CySEC, FSCA, BaFin. |
| Customer Reviews | Based on 3 customer reviews | Based on 1 customer reviews |
| Comment by Reviewer | “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.” | “FXCM maintains its position as 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.” |
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| Instruments | CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, ETFs, Spread Betting | Forex, Stock CFDs, Commodity CFDs, Index CFDs, Stock Baskets, Crypto CFDs |
| Demo Account | Yes | Yes |
| Minimum Deposit | $0 | $50 |
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| Minimum Trade | 0.01 Lots | Variable |
| Regulator | FCA, CIRO, ASIC, MAS, JFSA, KNF, BVI FSC | FCA, CySEC, ASIC, FSCA, BaFin, CIRO (via partnership with Friedberg Direct) |
| 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 | Yes |
| 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 |
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| Auto Trading | Expert Advisors (EAs) on MetaTrader and OANDA API | – |
| 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 | Yes |
| Ethical Investing | No | No |
| Custodial Account | No | No |
| Guaranteed Stop Loss | Yes | No |
| Inactivity Fee | $10 | – |
| Islamic Account | No | Yes |
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| CFD Trading | ||
| Overview | 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. | You can trade a range of CFD instruments across forex, shares, indices and commodities. There’s an excellent selection of platforms for day traders, including TradingView and MT4, plus additional tools for experienced algo traders including API solutions. |
| Leverage | 1:200 | 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 | 12 (Apple Inc) | 0.2% Var* |
| Forex Trading | ||
| Overview | 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. | FXCM offers an average range of 40+ currency pairs, although there are no commissions and spreads are competitive from 0.78 pips for EUR/USD. The broker also offers 3 forex baskets covering USD, Yen and emerging markets benchmarks. |
| 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 | – |
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| Cryptocurrency | ||
| Overview | 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. | You can trade some of world's most popular digital coins with zero commission and leverage. 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 |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |
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