Written by ForexBrokers.com
In this head to head comparison of OANDA vs FXOpen, 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.
OANDA and FXOpen are both established online brokers serving global clients, with OANDA being founded in 1996 and FXOpen in 2003. Neither company is publicly traded or operates as a bank. However, they differ significantly in terms of regulatory compliance and trust ratings. OANDA boasts seven Tier-1 licenses, which signify a high level of safety and reliability according to ForexBrokers.com standards, whereas FXOpen holds two Tier-1 licenses. Additionally, OANDA's impressive Trust Score of 93 out of 99 indicates a high level of trust, contrasting with FXOpen's score of 76, which is categorized as posing average risk.
| Feature |
OANDA
|
FXOpen
|
|---|---|---|
| Year Founded | 1996 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
OANDA and FXOpen both earn 4 out of 5 stars for commissions and fees, but OANDA ranks higher (#35 of 63) than FXOpen (#45 of 63) in ForexBrokers.com’s Commissions and Fees category. OANDA’s trading costs tend to be on the high side versus the lowest-cost brokers, yet it leans on fast, automated order execution. By contrast, FXOpen’s average spread data is not available, which makes a direct, pip-for-pip comparison tougher.
At OANDA, the default (commission-free) pricing saw an average spread of 1.61 pips on EUR/USD in July 2024. The Core pricing account lowers the spread but charges a commission of $5 per side per $100,000 traded ($10 per round turn) and requires a $10,000 minimum deposit. Using OANDA’s example, a 0.4-pip Core spread plus the commission-equivalent of about 1.0 pip results in an all-in cost near 1.4 pips—slightly cheaper than the 1.6-pip default. OANDA also lets you trade in very small sizes (down to 1 unit) and offers an Elite Trader rebate program in select regions with $5–$17 per million in rebates and potential TradingView subscription reimbursements. OANDA publishes trailing average spreads for transparency, though not fixed-period averages.
FXOpen’s 4-star rating and #45 rank suggest competitive pricing overall, but with no average spread data available it’s hard to gauge day-to-day costs against OANDA’s published figures. If you value published, detailed cost data, OANDA has the edge. If you’re comparing purely on rankings, OANDA comes out ahead (#35 vs. #45), while both share the same 4-star commissions-and-fees score.
| Feature |
OANDA
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.69 | N/A |
| All-in Cost EUR/USD - Active | 1.69 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
OANDA vs FXOpen: both brokers let you trade forex as CFDs or spot, but OANDA offers a far wider range of markets. OANDA lists 4,172 tradeable symbols and 69 currency pairs, compared with FXOpen’s 87 symbols and 25 pairs. This broader selection helps OANDA earn 4 out of 5 stars for Range of Investments and a rank of 28 out of 63 brokers, while FXOpen is rated 3 stars and ranks 63rd.
When it comes to asset types, OANDA lets clients buy exchange-traded stocks on U.S. and international markets (not CFDs), supports copy trading, and provides both actual cryptocurrency and crypto derivatives. FXOpen also supports copy trading and offers crypto derivatives, but it does not provide access to exchange-traded U.S. or international shares and does not offer delivered crypto. For sheer variety, OANDA clearly covers more ground than FXOpen.
| Feature |
OANDA
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4172 | 87 |
| Forex Pairs (Total) | 69 | 25 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | 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). |
Dive deeper: Best Copy Trading Platforms.
If you’re comparing OANDA vs. FXOpen for trading platforms and tools, both brokers check the core boxes: free demo (paper) accounts, web and Windows desktop platforms, and the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5). OANDA also offers a proprietary platform built in-house, while FXOpen relies on third-party platforms. For copy trading, both have options, but FXOpen integrates ZuluTrade whereas OANDA does not; neither supports DupliTrade. Both brokers let you place trades directly from charts.
For charting extras, OANDA provides far more drawing tools (74 vs. 15 with FXOpen), while FXOpen offers one more watchlist field (7 vs. 6 with OANDA). Both earn 4 stars for Trading Platforms and Tools, yet ForexBrokers.com ranks OANDA much higher (#15 of 63) than FXOpen (#54 of 63). In short, choose OANDA if you want an in-house platform and richer drawing tools, and pick FXOpen if ZuluTrade access is a priority.
| Feature |
OANDA
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 89 | 30 |
| Charting - Drawing Tools (Total) | 74 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
OANDA and FXOpen both deliver capable mobile trading apps for iPhone and Android. Each app supports price alerts, real-time quote watchlists, 30 technical studies, trendline drawing, and multiple chart time frames. One shared limitation is that watchlists do not sync between the mobile app and the online account, so changes in one place won’t appear in the other.
The biggest difference is chart annotations: OANDA’s app auto-saves your drawings, while FXOpen’s app does not. That convenience helps OANDA earn a higher score—5 stars and a #7 ranking out of 63 brokers for Mobile Trading Apps—compared with FXOpen’s 4 stars and #55 ranking (ForexBrokers.com). If you rely on chart notes and want them preserved, OANDA is the more appealing pick, though both apps handle core on-the-go trading tasks well.
| Feature |
OANDA
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
OANDA and FXOpen both publish daily market commentary, stream forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones, and provide an economic calendar. Where they differ is in extra research aids: OANDA offers Autochartist and a built-in sentiment tool that shows the ratio of long vs. short positions across instruments, while FXOpen does not provide Autochartist or a sentiment gauge. Neither broker offers Trading Central. TipRanks and Acuity Trading tools are not available at OANDA; availability at FXOpen is not specified.
For overall research quality, OANDA earns 5 stars and is ranked #5 by ForexBrokers.com. FXOpen receives 3 stars and is ranked #64. If you want richer, platform-integrated research and trade ideas, OANDA is the stronger pick; if you only need the basics—news, calendar, and commentary—FXOpen can cover those needs.
| Feature |
OANDA
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners who want clear, structured learning, OANDA stands out over FXOpen. OANDA provides at least 10 forex and CFD education pieces, holds monthly live educational webinars, and offers a searchable archive of past sessions so you can learn on your own schedule. You’ll also find at least 10 beginner videos to get started and 10 advanced videos for when you’re ready to go deeper. Both brokers offer an investor dictionary with 50+ terms, which is handy for quick definitions, but OANDA’s broader library makes it easier to build skills step by step.
These differences show up in the ratings: OANDA earns 5 stars for Education and ranks #19 out of 63 brokers at ForexBrokers.com, while FXOpen scores 3 stars and ranks #59. If you’re new to trading and want guided learning with webinars, videos, and archives, OANDA is the stronger choice. If you mainly need a glossary, FXOpen’s dictionary can help, but its overall education selection is limited.
| Feature |
OANDA
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that OANDA is better than FXOpen. OANDA finished with an overall rank of #12, while FXOpen finished with an overall rank of #54.
A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.
| Feature |
OANDA
|
FXOpen
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 93 | 76 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
OANDA and FXOpen both offer cryptocurrency derivatives, but only OANDA provides the capability to buy actual, delivered cryptocurrencies.
When comparing online brokers, OANDA offers more diverse deposit and withdrawal options, including ACH, SEPA, PayPal, Skrill, Visa, Mastercard, and bank wires, whereas FXOpen supports Skrill, Visa, Mastercard, and bank wires but does not support ACH, SEPA, or PayPal transfers.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | OANDA | FXOpen | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 93 | 76 | |
| Winner | check_circle | ||
| Review | OANDA Review |
| Broker Screenshots | OANDA | FXOpen | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
| Regulation | OANDA | FXOpen | |
|---|---|---|---|
| Trust Score | 93 | 76 | |
| Year Founded | 1996 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | OANDA | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | OANDA | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | OANDA | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4172 | 87 | |
| Forex Pairs (Total) | 69 | 25 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | 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). |
| Cost | OANDA | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.69 | N/A | |
| All-in Cost EUR/USD - Active | 1.69 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | OANDA | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | OANDA | FXOpen | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | OANDA | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 89 | 30 | |
| Charting - Drawing Tools (Total) | 74 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | FXOpen | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | OANDA | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | OANDA | FXOpen | |
|---|---|---|---|
| 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 | |
| Review | OANDA Review |
| Overall | OANDA | FXOpen | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 93 | 76 | |
| Winner | check_circle | ||
| Review | OANDA Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill