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OANDA vs ForexTime (FXTM) 2020

Is ForexTime (FXTM) better than OANDA? After testing 30 of the best forex brokers over five months, OANDA is better than ForexTime (FXTM). As a trusted global brand, OANDA provides forex and CFD traders a limited offering of FX pairs and CFDs but stands out for its reputation and quality market research.



CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature OANDA ForexTime (FXTM)
Overall 4 3.5
OANDA Review ForexTime (FXTM) Review
73.5% of retail CFD accounts lose money 73% of retail CFD accounts lose money

Regulation

Feature OANDA ForexTime (FXTM)
Trust Score 89 70
Year Founded
1996 2011
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
6 0
Tier-2 Licenses
0 1
Tier-3 Licenses
0 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature OANDA ForexTime (FXTM)
ASIC Authorised (Australia)
Yes No
IIROC Authorised (Canada)
Yes No
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
Yes No
MAS Authorised (Singapore)
Yes No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
Yes No

Investments

Feature OANDA ForexTime (FXTM)
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
71 59
CFDs - Total Offered
53 193
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes No
Offering of Investments 3.5 3
Winner check_circle

Cost

Feature OANDA ForexTime (FXTM)
Average Spread EUR/USD - Standard
1.4 (as of Q3 2018) 0.8
All-in Cost EUR/USD - Active
1.4 (as of Oct 19) 1
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 4 4
Winner check_circle

Funding

Feature OANDA ForexTime (FXTM)
Minimum Initial Deposit
$0.00 $100
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
No No
Skrill (Deposit/Withdraw)
No Yes

Trading Platforms

Feature OANDA ForexTime (FXTM)
Proprietary Platform
Yes Yes
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
No Yes
cTrader
No No

Trading Tools

Feature OANDA ForexTime (FXTM)
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
7 Default MT4/MT5
Charting - Indicators / Studies (Total)
81 Default MT4/MT5
Charting - Drawing Tools (Total)
145 Default MT4/MT5
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 3.5 3
Winner check_circle

Mobile Trading

Feature OANDA ForexTime (FXTM)
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
No No
Charting - Indicators / Studies
33 Default MT4/MT5
Charting - Draw Trend Lines
Yes Yes
Charting - Trend Lines Moveable
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes No
Forex Calendar
Yes No
Mobile Trading 4 3.5
Winner check_circle

Research

Feature OANDA ForexTime (FXTM)
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
Yes Yes
AutoChartist
Yes No
Trading Central (Recognia)
No No
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes Yes
Research 4.5 3
Winner check_circle

Education

Feature OANDA ForexTime (FXTM)
Has Education - Forex
Yes Yes
Has Education - CFDs
No No
Client Webinars
Yes No
Client Webinars (Archived)
Yes Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes No
Investor Dictionary (Glossary)
Yes Yes
Education 3.5 3.5
Winner check_circle

Major Forex Pairs

Feature OANDA ForexTime (FXTM)
GBP/USD
Yes Yes
USD/JPY
Yes Yes
EUR/USD
Yes Yes
USD/CHF
Yes Yes
USD/CAD
Yes Yes
NZD/USD
Yes Yes
AUD/USD
Yes Yes

Overall

Feature OANDA ForexTime (FXTM)
OANDA Review ForexTime (FXTM) Review
Overall 4 3.5
Winner check_circle

Comparing forex brokers side by side is no easy task. For our 2020 annual forex broker review, we spent hundreds of hours assessing 30 forex and CFD brokerages to find the best forex broker. Let's compare ForexTime (FXTM) vs OANDA.

Does ForexTime (FXTM) or OANDA offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, OANDA offers better pricing overall for traders.

Is ForexTime (FXTM) or OANDA safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. OANDA holds 6 global Tier-1 licenses, while ForexTime (FXTM) holds 0. ForexTime (FXTM) holds 1 global Tier-2 licenses, while OANDA holds 0. All regulators considered, OANDA has a Trust Score of 89.00, while ForexTime (FXTM)'s Trust Score is 70.00.

Which trading platform is better: ForexTime (FXTM) or OANDA?
To compare the trading platforms of both ForexTime (FXTM) and OANDA, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, OANDA offers a better experience. With research, OANDA offers superior market research. Finally, we found OANDA to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. ForexTime (FXTM) and OANDA both offer copy trading. Both ForexTime (FXTM) and OANDA offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
OANDA provides traders 71 currency pairs (e.g., EUR/USD) compared to ForexTime (FXTM)'s 59 available pairs. Forex pairs aside, ForexTime (FXTM) offers traders access to 193 CFDs while OANDA has 53 available CFDs, a difference of 140.

Overall, between ForexTime (FXTM) and OANDA, OANDA is the better forex broker.

ForexTime (FXTM) Review
OANDA Review

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Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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OANDA - CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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