OANDA vs Forex.com

OANDA
Forex.com

Compare OANDA vs Forex.com Side by Side

Selecting between OANDA vs Forex.com and would like to see who is better Broker for your trading strategy? We made a detailed comparison between OANDA Review and Forex.com Review, compared safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details compared side by side.

Summary

FeatureOANDAForex.com
Website//www.oanda.com//www.forex.com
Founded year19961999
HeadquarterUSAUSA
LicensesUSA, UK, Australia, Canada, Singapore, Japan, MaltaUSA, UK, Australia, Japan, Singapore, Canada, Cayman Islands
Minimum Deposit0 US$50 US$
Trading PlatformsOANDA Trade, MT4MT4, MT5, FOREX.com Platforms
Eurusd avg Spread1.2 pips1.2 pips

Licenses

FeatureOANDAForex.com
Licenses Countries Info (short)
  • ASIC
  • IIROC
  • JFSA
  • METI
  • MAS
  • FCA
  • NFA
  • ASIC
  • IIROC
  • METI
  • MAS
  • CFTC
  • CIMA

OANDA vs Forex.com Brokers both based and regulated in the US and holding additional top-tier licenses, providing good transparency and customer protection with low-risk trading environment and are legit to accept EU and US clients.

Broker Types

FeatureOANDAForex.com
Broker types
  • STP
  • NDD
  • STP
  • NDD
  • DMA

Both Brokers operate STP Execution making them equal, NDD execution is better for price transparency, also Forex.com has DMA separate account which is a plus.

Trading Conditions

FeatureOANDAForex.com
Trading Conditions
  • beginners
  • floating spread
  • low spread
  • tight spread
  • copy trade
  • expert advisor
  • hedging
  • scalping
  • beginners
  • commission
  • floating spread
  • guaranteed stop loss
  • low spread
  • tight spread
  • zero spread
  • auto
  • copy trade
  • expert advisor
  • hedging
  • scalping

Trading conditions are similar with a slight advantage to Forex.com there is no restriction on strategies and both proposals suitable for beginning or advanced traders. Forex.com has an advantage with Zero spread commission-based account making them suitable for professional traders and larger account offering overall.

Fees & Commissions

FeatureOANDAForex.com
Inactivity Feemonth12 $15$
Deposit fee0 $0$
Withdrawal fee0 $0$
Rollover fee eurusd buy 1 lot-0.9 -2.5%
Rollover fee eurusd sell 1 lot2.752.5%
Avg Eurusd standard acc1.2 pips1.2 pips
Gold25.340
Brent oil45
Bitcoin3670

Trading costs for OANDA and Forex.com are very similar, Spread based Standard account offer almost the same spreads, the main difference are Forex.com better conditions for Cryptocurrency trading.

Account Types

FeatureOANDAForex.com
Account types
  • Standard Account
  • Islamic Account
  • Swap Free Account
  • MAM Account
  • Standard Account
  • Islamic Account
  • Swap Free Account

OANDA offers two account types and OANDA has two accounts. Forex.com has accounts based on spread or commission charges which is better for traders to have different pricing models, and OANDA both accounts are based on spread and are Standard and Premium account with better costs. Both Borkers provide free access to Demo Account.

Markets & Instruments

FeatureOANDAForex.com
Forex7184
Indices1617
Commodities3129
Cryptocurrencies64
Shares4000+
Bonds3✔️
Options
Binary options
Spread betting✔️✔️
Treasuries
Futures
Etfs

Forex.com has a big advantage in its market and instrument proposal. Forex.com provides access to over 4,500+ markets and OANDA mainly focuses on Currency pairs, Shares, Futures etc. Both brokers provide Spread Betting via its UK entity.

Trading Platforms

FeatureOANDAForex.com
Platforms
  • own platform
  • MetaTrader 4
  • own platform
  • MetaTrader 4
  • MetaTrader 5
  • WebTrader

Both Brokers offering good choice of platform including proprietary Trading Platform and popular MT4, also Forex.com has more platform to choose from and including newer version MetaTrader5 with good research and analysis tools.OANDA proprietary is highly ranked and is good for beginning or advanced traders, alike Forex.com platform which is packed with tools.

Deposit & Withdrawal Methods

FeatureOANDAForex.com
Payment methods
  • credit card
  • debit card
  • neteller
  • PayPal
  • skrill
  • credit card
  • debit card

OANDA payment methods are better presented, Forex.com supporting only Cards and Bank transfer as payment methods. Both brokers provide fast money transfers and charges no additional fees for deposits or withdrawals.

Others

FeatureOANDAForex.com
Others
  • Webinar
  • Seminar
  • Video Tutorial
  • telephone
  • live chat
  • 24/5 availability
  • Webinar
  • Seminar
  • Video Tutorial
  • telephone
  • live chat
  • 24/5 availability

OANDA and Forex.com provide great learning material, both are on a very good level with excellent support, diverse education tools and section with videos, Webinars and support.

Conclusion on OANDA vs Forex.com

Concluding OANDA vs Forex.com comparison we found both brokers are trustable, provide good standing, internationally presented and well-regulated and are available for US Trading. Both proposals are similar, alike costs, education and good support, both developed great proprietary platforms suitable for all size trader. However, some advantage goes to Forex.com for the number of instruments, available platforms, and different account types with a spread or commission basis. Here is our final recommendation:

  • OANDA – 🥇 Best Broker for Currency trading and Commodity Trading, is a choice for beginning traders and regular size traders internationally
  • Forex.com – 🥇 Best for Professional trading good for experienced traders looking for excellent platform selection and reliable broker