FOREX.com vs Oanda Comparison

Last updated Mar 28, 2025
FOREX.com LogoFOREX.com
4.1/5
Register68-81% of retail investors lose money when trading CFDs with this broker
VS
Oanda LogoOanda
4.3/5
Register71-76.6% of retail investors lose money when trading CFDs with this broker

We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.

Comparison Table of FOREX.com and Oanda

BrokerFOREX.comOanda
Rating
4.1/5
4.3/5
Foundation Year20002001
Regulated in CountriesCayman Islands, United Kingdom, United States, Cyprus, Hong Kong, Japan, Singapore, AustraliaUnited States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, Poland
Minimum Deposit
  • 100 USD
  • 1 USD
  • 1 EUR
  • 1 AUD
  • 1 CHF
  • 1 SGD
  • 1 HKD
Spreadfrom 0.1 pointsfrom 0.5 points
Max Leverage1:501:200
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • ETF
  • Bonds
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • Cryptocurrency
Trading Platforms
  • FOREX.com
  • Ninja Trader
  • MetaTrader 4
  • TradingView
  • MetaTrader 5
  • MetaTrader 4
  • TradingView
  • fxTrade
ReviewFOREX.com Review Oanda Review

FOREX.com is suitable for traders of all levels due to its reliability, wide range of assets, and excellent customer service.

Oanda is suitable for beginners and experienced traders, thanks to quality analytics and various educational materials.

FOREX.com Review

FOREX.com Logo
Register68-81% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
Forex Precious Metals Energy Carriers Soft Commodities Indices Stocks ETF Bonds Cryptocurrency
Trading Platforms
FOREX.comNinja TraderMetaTrader 4TradingView
compare FOREX.com trading accounts

FOREX.com is an excellent broker for trading in the Forex and CFD markets. They offer fast execution speeds, a wide selection of currency pairs, and other assets for trading. Their customer service is outstanding, and multiple financial authorities regulate them.

Pros and Cons of FOREX.com

Pros

  1. Broker with many years of history and a global reputation.
  2. A variety of deposit methods.
  3. A wide variety of available markets and products.
  4. Advanced analytical tools and daily updates from the company's professionals.
  5. Comprehensive educational materials for all levels of traders.

Cons

  1. Lack of specialized accounts.
  2. High transaction fee on DMA Account.

FOREX.com is in the top 10 of the following ratings:

Oanda Review

Oanda Logo
Register71-76.6% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
Forex Precious Metals Energy Carriers Soft Commodities Indices Stocks Cryptocurrency
Trading Platforms
MetaTrader 5MetaTrader 4TradingViewfxTrade
compare Oanda trading accounts

Oanda is an excellent choice for traders seeking a reliable and regulated broker with competitive spreads and various trading assets.

With quality analytics and diverse educational materials, Oanda suits beginners and experienced traders.

Pros and Cons of Oanda

Pros

  1. Tight spreads.
  2. Diverse markets and products.
  3. Advanced trading platforms.
  4. Quality analytics.
  5. Extensive learning section.

Cons

  1. Limited trading account types.
  2. Inactivity fee.
  3. High swaps.

Oanda is in the top 10 of the following ratings:

Reliability

BrokerFOREX.comOanda
Reliability
5/5
5/5
Foundation Year20002001
Regulated in CountriesCayman Islands, United Kingdom, United States, Cyprus, Hong Kong, Japan, Singapore, AustraliaUnited States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, Poland
Regulators

FOREX.com

The company is strictly regulated, has a long-standing market presence, and is open to investors.

Pros

  1. Broad global regulation.
  2. Long-term market presence.
  3. Parent company traded on NASDAQ.

Oanda

Oanda demonstrates a high level of reliability, evidenced by licenses from the world's leading regulators.

Account Opening

BrokerFOREX.comOanda
Account Opening
4/5
4.5/5
Minimum Deposit
  • 100 USD
  • 1 USD
  • 1 EUR
  • 1 AUD
  • 1 CHF
  • 1 SGD
  • 1 HKD

FOREX.com

The account opening process at FOREX.com is quite standard but potentially prolonged due to required verification.

Pros

  1. Transparent registration process.
  2. Strict verification for security.

Cons

  1. Verification may take time.
  2. A lot of information is required.

Oanda

Oanda offers a straightforward and structured registration process, ensuring convenience for clients.

Pros

  1. Clearly structured registration process.
  2. No minimum deposit, offering flexibility for traders.

Cons

  1. Additional documents may be required in some cases.
  2. Document verification can take from 1 to 2 working days.

Account Types

BrokerFOREX.comOanda
Account Types
3.5/5
3/5
Trading Accounts
  • Standard
  • MT4
  • DMA
  • Standard
  • Swap Free
Minimum Deposit
  • 100 USD
  • 1 USD
  • 1 EUR
  • 1 AUD
  • 1 CHF
  • 1 SGD
  • 1 HKD
Spreadfrom 0.1 pointsfrom 0.5 points
Max Leverage1:501:200
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • ETF
  • Bonds
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • Cryptocurrency
Trading Platforms
  • FOREX.com
  • Ninja Trader
  • MetaTrader 4
  • TradingView
  • MetaTrader 5
  • MetaTrader 4
  • TradingView
  • fxTrade
Demo Account
Swap-free Account

FOREX.com

FOREX.com offers standard account types that satisfy most traders, but some essential accounts are missing.

Pros

  1. Direct Market Access account available.
  2. Demo account for strategy testing.
  3. The ability to trade on behalf of a company.

Cons

  1. No cent accounts.
  2. No Islamic accounts.
  3. No options for passive investing.

Oanda

Oanda provides various trading accounts, but some specialized types are missing.

Pros

  1. Standard accounts are available.
  2. Demo accounts are offered.
  3. Swap Free accounts are available for traders following Islamic principles.

Cons

  1. Cent accounts are missing.
  2. No fixed spread accounts.
  3. No investment accounts are available.

Commissions

BrokerFOREX.comOanda
Commissions
2.2/5
3.5/5
Spreadfrom 0.1 pointsfrom 0.5 points
Average Spread (EURUSD)1.30.8
Commission per Lot$6.48

FOREX.com

FOREX.com's commissions are above average. Conditions can be improved for traders with high volumes.

Pros

  1. Potential reduction in commissions with increased trading volume.
  2. Rebate program for major American traders.
  3. No fees for deposits and withdrawals.

Cons

  1. High transaction commission on DMA accounts.
  2. Inactivity fee.
  3. High swaps.

Oanda

Oanda's fees are moderate, making this broker competitive.

Pros

  1. No fees for deposits and withdrawals.
  2. Low spreads on major currency pairs.

Cons

  1. Inactivity fee is charged.
  2. Swaps may be high for some currency pairs.

Deposit and Withdrawal

BrokerFOREX.comOanda
Rating
4.3/5
4/5
Account Funding Methods
  • Neteller
  • Skrill
  • Bank Transfer
  • Credit and Debit Cards
  • Skrill
  • Neteller
  • Swift
  • Visa
  • Mastercard

FOREX.com

FOREX.com provides diverse and convenient methods for depositing and withdrawing funds with low costs and reasonable processing times.

Oanda

Oanda offers flexible conditions for depositing and withdrawing funds, but payment system commissions and currency conversion costs may apply.

Pros

  1. The broker does not charge a fee for deposits and withdrawals.
  2. A wide selection of payment systems is available.
  3. No restrictions on the amounts of deposits and withdrawals.

Cons

  1. High commission fees for certain methods by payment systems.
  2. Withdrawal request processing time may be long.
  3. Cryptocurrencies are not available as a payment method.

Markets and Products

BrokerFOREX.comOanda
Markets and Products
4.5/5
4.4/5
Forex9148
Precious Metals163
Energy Carriers143
Soft Commodities224
Indices5418
Stocks55001607
ETF318-
Bonds14-
Cryptocurrency1218

FOREX.com

Although its leverage is relatively low, FOREX.com offers an extensive selection of markets and products.

Oanda

Oanda offers an extensive set of markets and products, making it a versatile choice for traders of different levels.

Pros

  1. A wide range of currency pairs.
  2. A large selection of stocks and indices.
  3. Access to cryptocurrency trading.

Cons

  1. Maximum leverage is only up to 1:200.

Trading Platforms

BrokerFOREX.comOanda
Rating
5/5
5/5
Trading Platforms
  • FOREX.com
  • Ninja Trader
  • MetaTrader 4
  • TradingView
  • MetaTrader 5
  • MetaTrader 4
  • TradingView
  • fxTrade

FOREX.com

FOREX.com provides a wide choice of trading platforms, including MT4, its proprietary platform, NinjaTrader, and TradingView, supporting all formats - online, desktop, and mobile applications.

Oanda

Oanda provides high-quality trading platforms with deep functionality and integration with TradingView.

Pros

  1. Access to classic platforms MT4 and MT5.
  2. The fxTrade mobile app with integration with MT5.
  3. Integration with TradingView.

Cons

  1. No MetaTrader alternatives for desktop devices.

Analytics

BrokerFOREX.comOanda
Rating
5/5
5/5

FOREX.com

Analytics at FOREX.com is a powerful tool for traders, providing extensive information and in-depth market analysis.

Oanda

The Oanda broker's analytical section offers many tools that help traders make informed decisions.

Education

BrokerFOREX.comOanda
Rating
5/5
4.5/5

FOREX.com

FOREX.com offers a rich educational program suitable for all levels of traders, enhancing the user experience.

Oanda

Oanda provides an extensive range of educational resources, catering to new and experienced traders, focusing on leveraged trading.

Pros

  1. Comprehensive coverage of fundamental and technical analysis.
  2. Variety of resources including webinars, workshops, and live market analysis.
  3. Free access to premium content for live account holders.

Cons

  1. Some advanced topics may not be covered in depth.

Customer Support

BrokerFOREX.comOanda
Rating
5/5
5/5
Email Support
  • global.support@forex.com
  • frontdesk@oanda.com
  • moneytransfer@oanda.com
Hotline Phones
  • +44 207 429 7900
  • 0800 032 1948
  • +442031512050
  • +442071011600
Social Media

FOREX.com

FOREX.com provides excellent technical support with fast and professional service, available 24/7.

Oanda

Oanda's technical support provides extensive communication options and round-the-clock service, ensuring the professionalism and efficiency of the solutions provided.

Alternatives to FOREX.com and Oanda

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.