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 | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
FOREX.com’s commissions and fees center on two choices: a spread-only Standard account and a commission-based RAW account. In the U.S., the Standard account averaged about 1.4 pips on EUR/USD in July 2023, while outside the U.S. the time‑weighted average was around 0.74 pips. The RAW account (available in the U.S., Canada, and the EU) posted typical EUR/USD spreads near 0.13 pips in February 2024, plus a $7 per standard lot commission ($3.50 per side) with volume rebates of $2–$9 per million. Unless you trade more than $50 million per month, the all‑in cost of RAW tends to land close to the Standard account for U.S. residents. Rating: 4.5/5 stars; Commissions & Fees rank: #14 of 63.
OANDA’s pricing is simple but not the cheapest. Its default (commission‑free) spread averaged about 1.61 pips on EUR/USD in July 2024. The Core Pricing option lowers the spread (about 0.4 pips in the example provided) but adds a $5 per side commission per $100,000 traded (about $10 per round lot), placing the all‑in cost near 1.4 pips; a $10,000 minimum deposit applies. Perks include trade sizes as small as 1 unit and an Elite Trader rebate program ($5–$17 per million) for high‑volume clients. Rating: 4/5 stars; Commissions & Fees rank: #35 of 63.
Bottom line on FOREX.com vs OANDA fees: both offer a spread‑only plan and a commission‑plus‑low‑spread plan. Typical traders may see similar all‑in costs around 1.4–1.6 pips on EUR/USD, but active, higher‑volume clients can unlock better effective pricing at FOREX.com via RAW rebates, while smaller account holders may appreciate OANDA’s tiny minimum trade size.
| Feature |
FOREX.com
|
OANDA
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average spread (EUR/USD) - Standard account | 1.4 | 1.69 |
| All-in Cost EUR/USD - Active | 0.9 | 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.
FOREX.com and OANDA both let you trade forex as CFDs or spot contracts, but their product lineups differ. FOREX.com offers a larger catalog with 5,500 tradeable symbols and 80 forex pairs, compared with OANDA’s 4,172 symbols and 69 pairs. Reflecting that breadth, FOREX.com earns 5 stars for Range of Investments and ranks #7 out of 63 brokers, while OANDA holds 4 stars and ranks #28.
For securities and crypto, OANDA widens the scope: you can buy exchange-traded stocks on both U.S. and international exchanges, and you can purchase actual cryptocurrency in addition to crypto CFDs. FOREX.com does not offer exchange-traded stocks or delivered crypto, though it supports crypto CFDs. OANDA also supports copy trading, while FOREX.com does not. In short, choose FOREX.com if you want more symbols and forex pairs, or OANDA if you want stocks, real crypto, and copy trading alongside forex and CFDs.
| 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) | No | Yes |
| Global Stocks (Non-U.S. Shares) | No | 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.
Comparing FOREX.com vs OANDA for trading platforms and tools, both brokers check the key boxes: free demo (paper) trading, an in-house platform, Windows desktop and web platforms, and support for MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Each lets you place trades directly from charts. One clear difference is copy trading: OANDA offers it, while FOREX.com does not.
Based on ForexBrokers.com’s ratings for Trading Platforms and Tools, FOREX.com earns 5 stars and ranks #7 out of 63 brokers, while OANDA earns 4 stars and ranks #15 out of 63. If copy trading is a must-have, OANDA stands out. If you want top-rated platforms and tools with MT4/MT5 and a free demo account, FOREX.com has the edge.
| 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) | 88 | 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, including forex price alerts, trendline drawing, and auto‑saved chart annotations. Each app earned a 5‑star Mobile Trading Apps rating, so either choice covers the essentials for trading on the go.
Key differences emerge in analysis and syncing. FOREX.com offers 88 technical studies versus OANDA’s 30, and it syncs watchlists with your online account, while OANDA does not. Reflecting these advantages, ForexBrokers.com ranks FOREX.com #3 out of 63 brokers for mobile apps, compared with OANDA at #7. If you want deeper technical tools and seamless watchlist syncing, FOREX.com is the better fit; if you just need the core features, OANDA still performs 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 | 88 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Comparing FOREX.com vs OANDA for market research, both brokers deliver daily market commentary and forex news from top sources like Bloomberg and Reuters. Each provides an economic calendar and a sentiment tool that shows long and short positioning across pairs. Neither offers research from TipRanks or Acuity Trading.
The key difference is in their third-party research suites: FOREX.com integrates Trading Central but not Autochartist, while OANDA includes Autochartist but not Trading Central. For research quality, OANDA earns 5/5 stars and ranks #4 out of 63 brokers at ForexBrokers.com; FOREX.com scores 4.5/5 stars and ranks #9 out of 63. Choose OANDA if you want Autochartist pattern and signal tools, or pick FOREX.com if Trading Central’s analytics fit your workflow.
| 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 beginners: both brokers provide a sizable library of forex and CFD education that meets the 10-piece benchmark. Each hosts client webinars at least once a month and offers more than 10 beginner videos plus more than 10 advanced videos, giving new traders a clear path from basics to more complex topics without leaving the platform.
When it comes to third-party evaluations, ForexBrokers.com rates FOREX.com at 4.5 stars and ranks it #4 out of 63 for Education, while OANDA earns 5 stars and ranks #19. In short, pick OANDA if you value a top star score, or choose FOREX.com if a higher category ranking matters more. Either way, beginners get regular webinars and extensive video libraries focused on forex and CFDs.
| 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 #5, while OANDA finished with an overall rank of #12.
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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| 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 | 0 | 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) | No | Yes | |
| Global Stocks (Non-U.S. Shares) | No | 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 | 1.4 | 1.69 | |
| All-in Cost EUR/USD - Active | 0.9 | 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) | 88 | 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 | 88 | 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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