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.
FOREX.com and OANDA are long-standing online forex brokers. FOREX.com was founded in 1999 and is publicly traded, while OANDA, founded in 1996, is not publicly traded. Neither broker is a bank.
Both brokers hold seven Tier-1 licenses, which ForexBrokers.com views as highly trusted. FOREX.com also holds two Tier-2 licenses; OANDA holds none. On ForexBrokers.com’s 0–99 Trust Score, FOREX.com scores 99 and OANDA scores 92—both in the 90–99 “highly trusted” range (80–89 trusted, 70–79 average risk, 60–69 high risk, and under 59 should not be trusted at all).
| Feature |
FOREX.com
|
OANDA
|
|---|---|---|
| Year Founded | 1999 | 1996 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 7 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 1 | 0 |
| Tier-4 Licenses | 1 | 1 |
FOREX.com generally comes out ahead of OANDA on commissions and fees, especially for traders who want lower all-in trading costs. FOREX.com earns a 4.5-star rating and ranks #15 out of 36 brokers for commissions and fees. Its Standard account can be a bit pricey, but its RAW account offers tighter spreads and a commission-based setup that can be competitive for active traders, especially at higher volumes. In the U.S., though, the Standard and commission-based pricing can end up looking fairly similar once costs are added up.
OANDA earns 4 stars and ranks #30 out of 36 in the same category. Its pricing is easy to understand, but the spreads are often higher than the best low-cost brokers, with the default account showing relatively steep costs on major pairs like EUR/USD. OANDA’s Core pricing lowers the spread, but it adds a commission, and the $10,000 minimum deposit may be a hurdle for some traders. For active traders, rebates are available in some regions, but OANDA still tends to be more expensive overall than FOREX.com.
In simple terms, FOREX.com is usually the better pick if keeping trading fees down is a top priority, while OANDA may appeal more to traders who value small trade sizes and clear pricing tools. Both brokers provide fee structures that can work depending on your trading style, but FOREX.com has the edge on cost for most traders.
| 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.
When it comes to range of investments, FOREX.com and OANDA both give traders access to forex as either a CFD or spot contract, along with exchange-traded securities on U.S. and international markets. Each broker also offers cryptocurrency CFDs, so you can speculate on crypto prices without owning the coins themselves. For traders who want a broad mix of markets, both platforms cover the main bases.
FOREX.com has the edge in overall variety, with 5,500 tradeable symbols and 80 forex pairs, compared with OANDA’s 4,172 symbols and 69 forex pairs. OANDA stands out in a few extra areas, including copy trading and the ability to buy actual cryptocurrency. Still, FOREX.com scores higher for range of investments, earning 5 stars and ranking #6 out of 36 brokers, while OANDA holds 4.5 stars and ranks #20.
| 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 give traders a wide set of platform choices, including a free demo account for simulated trading, their own in-house platforms, Windows desktop software, web-based trading, MetaTrader 4, and MetaTrader 5. Each broker also lets users trade directly from a chart, which can make it easier to react to price moves while reviewing market data. For traders who want to test strategies or switch between devices, both brokers cover the main trading platform needs well.
The biggest difference is copy trading: OANDA offers it, while FOREX.com does not. Based on ForexBrokers.com’s Trading Platforms and Tools review, FOREX.com comes out ahead with a 5-star rating and a #5 rank out of 36 brokers, compared with OANDA’s 4-star rating and #16 rank. In short, both brokers offer strong tools, but FOREX.com has the edge overall for platform quality, while OANDA stands out for traders interested in copy trading.
| 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 offer mobile trading apps for iPhone and Android, and both apps let users set stock or forex price alerts, draw trendlines on charts, and automatically save those drawings. Each broker also earns a 5-star rating for mobile trading apps, so both are strong choices for trading on the go.
That said, FOREX.com has the edge in a few key areas. Its mobile app syncs watchlists with the online account, making it easier to keep track of symbols across devices, while OANDA does not offer this feature. FOREX.com also provides 90 technical studies in its mobile charting tools, compared with 30 at OANDA. In ForexBrokers.com’s mobile trading apps ranking, FOREX.com places #2 out of 36 brokers, while OANDA ranks #7.
| 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 give traders a strong market research experience, with daily market commentary, forex news from top sources like Bloomberg and Reuters, sentiment tools that show whether traders are leaning long or short, and an economic calendar for tracking global events. Both brokers also earned a 5-star Research rating, so either choice gives you access to helpful trading insights in a simple, easy-to-follow format.
Where they differ is in the extra research tools they provide. OANDA includes Autochartist, which can help spot trading patterns and possible setups, while FOREX.com offers Trading Central tools such as Technical Analytics. In ForexBrokers.com’s Research rankings, OANDA placed #4 out of 36 brokers, while FOREX.com came in at #7, giving OANDA a slight edge overall for research.
| 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.
For beginners looking to learn forex trading, both FOREX.com and OANDA offer a wide range of helpful education. Each broker provides at least 10 pieces of forex or CFD-focused learning content, along with monthly live webinars, 10+ beginner videos, and 10+ advanced videos for traders who want to keep building their skills. Both brokers also earn a 5-star Education rating, so either one can be a strong choice for new traders who want easy access to learning materials.
The biggest difference is in overall education ranking. FOREX.com places #4 out of 36 brokers for Education on ForexBrokers.com, while OANDA ranks #18. That edge suggests FOREX.com may offer a slightly stronger learning experience overall, especially for beginners who want more structured guidance. Still, OANDA also gives beginners plenty of support, so the better pick may come down to which teaching style and platform feel easier to use.
| 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 | 92 |
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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 | 92 | |
| 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 | 92 | |
| 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 | 2 | 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 CMA 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 | 92 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | OANDA Review |
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