Written by ForexBrokers.com
In this head to head comparison of FOREX.com vs OANDA, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
When considering online brokers, both FOREX.com and OANDA stand out for their trustworthiness and longevity. Founded in 1999 and publicly traded, FOREX.com offers a wide range of trading options and has established itself as a reputable platform. Meanwhile, OANDA, established in 1996, maintains a private structure. Neither of these brokers are banks, but both are well-regulated and reliable for traders. FOREX.com holds an impressive seven Tier-1 licenses and one Tier-2 license, securing a perfect Trust Score of 99 out of 99 according to ForexBrokers.com.
On the other hand, OANDA, like FOREX.com, holds seven Tier-1 licenses but none at the Tier-2 level. With a Trust Score of 93 out of 99, OANDA is also considered highly trusted, though slightly behind FOREX.com in ForexBrokers.com’s ratings. The comparison indicates both brokers are excellent choices for trading, each regulated and reputable, with FOREX.com having a slight edge due to its public trading status and higher trust score.
| Feature |
FOREX.com
|
OANDA
|
|---|---|---|
| Year Founded | 1999 | 1996 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 7 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 1 | 0 |
| Tier-4 Licenses | 1 | 1 |
Comparing commissions and fees, both FOREX.com and OANDA lean pricier than the cheapest brokers, but each offers a lower-spread, commission-based option for active traders. For the Commissions and Fees category, FOREX.com is rated 4.5/5 stars and ranks #15 out of 63 brokers, while OANDA is rated 4/5 stars and ranks #30 out of 63. If you mainly trade EUR/USD, the headline numbers show FOREX.com’s U.S. Standard account spread around 1.4 pips (July 2023) versus OANDA’s average default spread of 1.61 pips (July 2024), though your actual costs depend on account type, volume, and location.
FOREX.com offers a Standard account and a RAW Spread account. In the U.S., the Standard account averages about 1.4 pips on EUR/USD, while traders outside the U.S. have seen lower time‑weighted averages (about 0.74 pips in July 2023). The RAW Spread account posts typical EUR/USD spreads near 0.13 pips (Feb 2024) plus a commission of $7 per standard lot ($3.50 per side), which is roughly equivalent to 0.7 pips, with volume rebates of $2–$9 per million. For most U.S. clients trading under $50 million per month, the all‑in cost of the commission plan tends to land close to the Standard account, making the choice more about execution method and platform access than headline spread alone.
OANDA’s default (commission‑free) spreads are generally high, averaging about 1.61 pips on EUR/USD (July 2024). Its Core Pricing plan lowers the spread but adds a commission of $5 per side per $100,000 traded (about $10 per round turn per standard lot) and requires a $10,000 minimum deposit; in a typical scenario, Core can bring the all‑in cost to roughly 1.4 pips on EUR/USD. OANDA also supports tiny trade sizes (down to 1 unit) and offers Elite Trader rebates of $5–$17 per million in select regions. It publishes trailing spread data for transparency, though not fixed‑period averages, which can make apples‑to‑apples comparisons tougher.
| Feature |
FOREX.com
|
OANDA
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average spread (EUR/USD) - Standard account | 1.00 | 1.68 |
| All-in Cost EUR/USD - Active | 1.13 | 1.69 |
| Non-wire bank transfer | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Comparing FOREX.com vs OANDA for range of investments, FOREX.com offers 5,500 tradeable symbols and 80 forex pairs, while OANDA lists 4,172 symbols and 69 forex pairs. Both support forex trading via CFDs and spot contracts, and both let clients buy exchange-traded stocks on U.S. and international markets.
For extras, OANDA includes copy trading and lets you buy actual cryptocurrency, while FOREX.com offers crypto only as CFDs. In independent ratings for range of investments, ForexBrokers.com gives FOREX.com 5 stars and ranks it #6 out of 63 brokers, while OANDA earns 4 stars and ranks #20. Choose FOREX.com for the larger symbol list and more forex pairs; pick OANDA if you want copy trading and access to delivered crypto.
| Feature |
FOREX.com
|
OANDA
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 4172 |
| Forex Pairs (Total) | 80 | 69 |
| U.S. Stocks (Shares) | Yes | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | No | Yes |
| Cryptocurrency (CFDs) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
FOREX.com and OANDA both offer wide platform coverage for forex and CFD traders: free demo (paper) accounts, proprietary platforms built in-house, Windows desktop downloads, and web-based trading. Prefer MetaTrader? Both brokers support MT4 and MT5. Each one lets you place trades directly from charts, and both provide chart indicators and watchlists to help you track markets.
There are a few key differences. OANDA supports copy trading, while FOREX.com does not. For overall trading platforms and tools, ForexBrokers.com rates FOREX.com at 5 stars and ranks it #5 out of 63 brokers, while OANDA earns 4 stars and ranks #16. If copy trading is important, OANDA has the edge; if overall platform quality and features lead your list, FOREX.com’s higher rating and ranking may be more appealing.
| Feature |
FOREX.com
|
OANDA
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 90 | 89 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FOREX.com and OANDA both deliver full-featured mobile trading apps for iPhone and Android. Each app supports price alerts, lets you draw trendlines on charts, and auto-saves your chart annotations. Both brokers earn a 5-star rating for Mobile Trading Apps, making them strong picks for traders who rely on their phones.
Differences show up in charting depth and watchlists. FOREX.com offers 90 technical studies on mobile, compared with 30 at OANDA, and it syncs watchlists between the app and your online account, while OANDA does not. In ForexBrokers.com’s Mobile Trading Apps category, FOREX.com ranks #2 out of 63 brokers; OANDA ranks #7. If you want more indicators and seamless watchlist syncing, FOREX.com has the edge; if you only need core tools, OANDA still covers the basics well.
| Feature |
FOREX.com
|
OANDA
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 90 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
FOREX.com and OANDA both deliver strong market research essentials. Each provides daily market commentary, forex news from top-tier sources like Bloomberg and Reuters, an economic calendar, and a sentiment tool that shows long/short positioning. Neither broker includes research from TipRanks or Acuity Trading.
Key differences come down to third‑party tools. OANDA includes Autochartist for pattern and setup ideas, while FOREX.com features Trading Central for technical and fundamental insights. In independent evaluations, OANDA earns 5 stars for Research and ranks #4 out of 63 brokers on ForexBrokers.com, while FOREX.com earns 4.5 stars and ranks #7. If you want Autochartist’s scanning, OANDA has the edge; if you prefer Trading Central’s analysis suite, FOREX.com may fit better.
| Feature |
FOREX.com
|
OANDA
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | Yes | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
FOREX.com vs OANDA for beginner education: both brokers deliver a full slate of forex and CFD learning materials. Each offers well over 10 educational pieces, frequent client webinars (at least monthly), and extensive video libraries with 10+ beginner videos plus 10+ advanced videos. That mix gives new traders clear starting points and room to grow, from basic concepts to more complex strategies.
Ratings and rankings tell a nuanced story. OANDA earns a 5-star Education rating, while FOREX.com scores 4.5 stars. Yet on ForexBrokers.com’s Education ranking, FOREX.com places #4 out of 63 brokers, compared with OANDA at #18. In short, beginners will find strong education at either broker; choose FOREX.com if you value a top-ranked overall program, or OANDA if a perfect star rating and steady webinars appeal most.
| Feature |
FOREX.com
|
OANDA
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FOREX.com is better than OANDA. FOREX.com finished with an overall rank of #4, while OANDA finished with an overall rank of #13.
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.
| Feature |
FOREX.com
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OANDA
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 93 |
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FOREX.com vs OANDA: OANDA lets you buy actual (delivered) cryptocurrencies and trade crypto CFDs, whereas FOREX.com offers crypto only as CFDs and does not support delivered coins.
Online brokers FOREX.com and OANDA both support ACH/SEPA, PayPal, Skrill, and bank wire deposits and withdrawals, while Visa/Mastercard availability is not specified for either broker.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | FOREX.com | OANDA | |
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| Trust Score | 99 | 93 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | OANDA Review |
| Broker Screenshots | FOREX.com | OANDA | |
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| Broker Gallery (click to expand) |
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| Regulation | FOREX.com | OANDA | |
|---|---|---|---|
| Trust Score | 99 | 93 | |
| Year Founded | 1999 | 1996 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 7 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 1 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | FOREX.com | OANDA | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | Yes | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | Yes | Yes | |
| Singapore (MAS Authorised) | Yes | Yes | |
| Switzerland (FINMA Authorised) | No | ||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | Yes | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FOREX.com | OANDA | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | FOREX.com | OANDA | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 4172 | |
| Forex Pairs (Total) | 80 | 69 | |
| U.S. Stocks (Shares) | Yes | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | No | Yes | |
| Cryptocurrency (CFDs) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | FOREX.com | OANDA | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.00 | 1.68 | |
| All-in Cost EUR/USD - Active | 1.13 | 1.69 | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | FOREX.com | OANDA | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | Yes |
| Trading Platforms | FOREX.com | OANDA | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | FOREX.com | OANDA | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 90 | 89 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FOREX.com | OANDA | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 90 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | FOREX.com | OANDA | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FOREX.com | OANDA | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | FOREX.com | OANDA | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | FOREX.com Review | OANDA Review |
| Overall | FOREX.com | OANDA | |
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| Trust Score | 99 | 93 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | OANDA Review |
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