FXOpen vs Oanda Comparison

Last updated Mar 28, 2025
FXOpen LogoFXOpen
4.3/5
Register58-60% 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 FXOpen and Oanda

BrokerFXOpenOanda
Rating
4.3/5
4.3/5
Foundation Year20042001
Regulated in CountriesUnited Kingdom, Cyprus, AustraliaUnited States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, Poland
Minimum Deposit
  • 1 USD
  • 10 EUR
  • 10 CHF
  • 10 GBP
  • 1500 JPY
  • 100 AUD
  • 100 SGD
  • 1 USD
  • 1 EUR
  • 1 AUD
  • 1 CHF
  • 1 SGD
  • 1 HKD
Spreadfrom 0 pointsfrom 0.5 points
Max Leverage1:5001:200
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Indices
  • Stocks
  • ETF
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • Cryptocurrency
Trading Platforms
  • MetaTrader 4
  • MetaTrader 5
  • TickTrader
  • TradingView
  • MetaTrader 5
  • MetaTrader 4
  • TradingView
  • fxTrade
ReviewFXOpen Review Oanda Review

Broker FXOpen is suitable for professional traders and scalping enthusiasts but may not be ideal for beginners due to the lack of training.

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

FXOpen Review

FXOpen Logo
Register58-60% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Regulators:
Trading Assets
Forex Precious Metals Energy Carriers Indices Stocks ETF Cryptocurrency
Trading Platforms
MetaTrader 4MetaTrader 5TickTraderTradingView
compare FXOpen trading accounts

FXOpen is a highly regulated broker with licenses from leading international bodies, which guarantees the safety of investments and compliance with strict standards. The broker offers a wide range of trading instruments, allowing traders to diversify their portfolios. Low spreads and commissions make FXOpen an attractive choice for those looking for a cost-effective trading environment. The availability of various platforms gives traders the flexibility to choose a trading instrument.

FXOpen is ideal for experienced traders who can analyze the market independently and make informed trading decisions without significant educational support. The broker is especially attractive to those who seek variety in trading tools and prefer to use advanced trading platforms.

Pros and Cons of FXOpen

Pros

  1. Wide range of trading assets.
  2. Low spreads and commissions.
  3. Support for various trading platforms.

Cons

  1. Lack of educational materials.

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

BrokerFXOpenOanda
Reliability
5/5
5/5
Foundation Year20042001
Regulated in CountriesUnited Kingdom, Cyprus, AustraliaUnited States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, Poland
Regulators
-

FXOpen

FxOpen is a reliable and regulated broker, licensed in many countries, ensuring the safety of funds and a high standard of services.

Oanda

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

Account Opening

BrokerFXOpenOanda
Account Opening
5/5
4.5/5
Minimum Deposit
  • 1 USD
  • 10 EUR
  • 10 CHF
  • 10 GBP
  • 1500 JPY
  • 100 AUD
  • 100 SGD
  • 1 USD
  • 1 EUR
  • 1 AUD
  • 1 CHF
  • 1 SGD
  • 1 HKD

FXOpen

FxOpen provides a simple and convenient account opening process, with an emphasis on security and compliance with regulatory requirements.

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

BrokerFXOpenOanda
Account Types
5/5
3/5
Trading Accounts
  • STP
  • ECN
  • Micro
  • Crypto
  • Standard
  • Swap Free
Minimum Deposit
  • 1 USD
  • 10 EUR
  • 10 CHF
  • 10 GBP
  • 1500 JPY
  • 100 AUD
  • 100 SGD
  • 1 USD
  • 1 EUR
  • 1 AUD
  • 1 CHF
  • 1 SGD
  • 1 HKD
Spreadfrom 0 pointsfrom 0.5 points
Max Leverage1:5001:200
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Indices
  • Stocks
  • ETF
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • Cryptocurrency
Trading Platforms
  • MetaTrader 4
  • MetaTrader 5
  • TickTrader
  • TradingView
  • MetaTrader 5
  • MetaTrader 4
  • TradingView
  • fxTrade
Demo Account
Swap-free Account

FXOpen

FxOpen offers a wide selection of trading accounts and additional services.

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

BrokerFXOpenOanda
Commissions
3/5
3.5/5
Spreadfrom 0 pointsfrom 0.5 points
Average Spread (EURUSD)1.20.8
Commission per Lot$3.5

FXOpen

FxOpen's commissions are average in the market, with competitive spreads, but high swap rates and inactivity fees.

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

BrokerFXOpenOanda
Rating
4.2/5
4/5
Account Funding Methods
  • WebMoney
  • AdvCash
  • FasaPay
  • Visa
  • Mastercard
  • JCB
  • Discover
  • Skrill
  • Neteller
  • Swift
  • Visa
  • Mastercard

FXOpen

FxOpen offers a variety of deposit and withdrawal methods.

Pros

  1. A large selection of payment systems and cryptocurrencies.
  2. Fast processing of withdrawal requests.

Cons

  1. No bank transfer option.
  2. High commissions for credit cards from the provider.

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

BrokerFXOpenOanda
Markets and Products
4.6/5
4.4/5
Forex6648
Precious Metals33
Energy Carriers33
Indices1218
Stocks5531607
ETF56-
Cryptocurrency4118
Soft Commodities-4

FXOpen

FxOpen offers a good selection of assets but without soft commodities.

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

BrokerFXOpenOanda
Rating
5/5
5/5
Trading Platforms
  • MetaTrader 4
  • MetaTrader 5
  • TickTrader
  • TradingView
  • MetaTrader 5
  • MetaTrader 4
  • TradingView
  • fxTrade

FXOpen

FXOpen offers a wide range of trading platforms, catering to different types of traders.

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

BrokerFXOpenOanda
Rating
4/5
5/5

FXOpen

FXOpen provides a solid package of analytical tools, offering traders valuable resources for making trading decisions.

Oanda

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

Education

BrokerFXOpenOanda
Rating
2/5
4.5/5

FXOpen

FXOpen invests little in trader education, offering only basic articles and a glossary of terms.

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

BrokerFXOpenOanda
Rating
4.5/5
5/5
Email Support
  • sales@fxopen.com
  • frontdesk@oanda.com
  • moneytransfer@oanda.com
Hotline Phones
  • +64-9-801-0123
  • +442031512050
  • +442071011600
Social Media

FXOpen

FXOpen offers reliable support, and a variety of communication channels adds flexibility.

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 FXOpen 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.

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