Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different
forex broker accounts for trading FX. In total, over 6,000 data points were collected. For this review, we will compare ETX Capital vs OANDA.
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. Both ETX Capital and OANDA are rated 4 stars.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. ETX Capital alongside OANDA are regulated in a major hub. Neither ETX Capital and OANDA are publicly traded companies. How many currency pairs are available to trade? OANDA offers its clients access to 71 different currency pairs while ETX Capital has 59 available pairs, a difference of 12.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Both ETX Capital and OANDA offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. ETX Capital and OANDA offer the same number of charting tools, 31. ETX Capital and OANDA offer the same number of indicators (eg, volume), 51.
Overall, OANDA comes out on top with 4 stars over ETX Capital 's 3.5 stars. And, when it comes to individual category awards, both ETX Capital and OANDA found themselves without awards for Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Customer Service, Best in Class - Active Trading, Best in Class - Mobile Trading and Best in Class - Investor Education in 2018.