Written by ForexBrokers.com
In this head to head comparison of OANDA vs FXGT.com, 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 comparing OANDA and FXGT.com, it's clear that OANDA, established in 1996, stands out with its Trust Score of 93, indicating it is highly trusted according to ForexBrokers.com. OANDA is not listed on any stock exchange and is not a bank. It holds an impressive seven Tier-1 licenses, reflecting its high level of trust. In contrast, FXGT.com was founded more recently in 2019 and has a Trust Score of 69, categorizing it as high risk. Like OANDA, it is neither publicly traded nor a bank but holds one Tier-1 and one Tier-2 license.
The regulatory standing and trust score differences between these two brokers highlight the stronger position of OANDA in terms of investor confidence. OANDA's seven Tier-1 licenses provide a significant assurance of its regulatory compliance and reliability, a stark contrast to the one Tier-1 license plus a Tier-2 license held by FXGT.com. For traders pondering between these options, OANDA presents a more seasoned and trusted choice.
| Feature |
OANDA
|
FXGT.com
|
|---|---|---|
| Year Founded | 1996 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing OANDA to FXGT.com regarding commissions and fees, OANDA stands out with a higher focus on pricing transparency, though its forex trading costs are considered relatively steep. OANDA's non-core pricing saw average spreads of 1.61 pips on the EUR/USD pair, while its core pricing models offer more competitive spreads; however, they come with a $10 per round turn standard lot commission, which requires a $10,000 minimum deposit. OANDA ranks #34 out of 63 brokers for commissions and fees and boasts a rating of 4 stars.
FXGT.com, in contrast, does not disclose its average spread data, making it difficult to directly compare its costs to those of OANDA. Despite this lack of transparency in average spreads, FXGT.com achieves a rating of 3.5 stars and is ranked #56 by ForexBrokers.com in the Commissions and Fees category. This indicates a more moderate performance compared to OANDA's offerings.
OANDA offers additional benefits to its clients, such as the ability to trade as small as 1 unit, which is 0.001 micro lot, making it more accessible for those with smaller accounts. They also provide rebates through the Elite Trader Program for those executing high trading volumes. Meanwhile, FXGT.com's commission structure is less specified, underscoring the importance of understanding potential hidden costs when choosing between these brokers.
| Feature |
OANDA
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $0 | $5 |
| Average Spread EUR/USD - Standard | 1.61 | N/A |
| All-in Cost EUR/USD - Active | 1.61 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments offered by OANDA and FXGT.com, it's clear that both brokers provide opportunities for forex trading, including CFDs and spot contracts. OANDA stands out with its wider selection, offering an impressive 3,928 tradeable symbols compared to FXGT.com's 117. While OANDA offers 68 tradeable forex pairs, FXGT.com provides 53. Neither platform offers exchange-traded securities on U.S. or international exchanges, such as Apple or Vodafone shares. However, they both support copy trading features.
For cryptocurrency options, OANDA allows users to buy actual cryptocurrencies and related derivatives, whereas FXGT.com only offers the latter. This additional opportunity contributes to OANDA's higher rating of 4 out of 5 stars for its range of investments, surpassing FXGT.com's 3-star rating. Rankings by ForexBrokers.com place OANDA at #27 out of 63 brokers in this category, demonstrating a stronger investment diversity compared to FXGT.com's position at #61.
| Feature |
OANDA
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3928 | 117 |
| Forex Pairs (Total) | 68 | 53 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | 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). | 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.
When comparing the trading platforms and tools of OANDA and FXGT.com, both brokerage firms offer a free virtual demo account for simulated trading, allowing users to practice without spending money. OANDA stands out with its proprietary platform, while FXGT.com does not offer one developed in-house. Both brokers provide Windows-based desktop and web-based trading platforms, as well as comprehensive support for popular platforms like MetaTrader 4 and MetaTrader 5. Additionally, each broker offers copy trading features while neither supports DupliTrade or ZuluTrade.
For charting, OANDA offers a more extensive selection of drawing tools with 431 options compared to FXGT.com's 23. Both brokers support trading directly from stock charts, ensuring convenience for users. In terms of watch list features, OANDA offers six customizable columns, whereas FXGT.com offers five. Both are rated four stars for their trading platforms and tools, but OANDA is ranked higher, coming in at #15 out of 63 brokers by ForexBrokers.com, significantly ahead of FXGT.com, which ranks at #56.
| Feature |
OANDA
|
FXGT.com
|
|---|---|---|
| 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 | No |
| Charting - Indicators / Studies (Total) | 81 | 37 |
| Charting - Drawing Tools (Total) | 431 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both OANDA and FXGT.com have made their platforms available for both iPhone and Android users. They offer essential features such as price alerts for stocks or forex and the ability to draw trendlines on charts. Both apps support viewing multiple time frames, like daily or weekly, which is advantageous for traders monitoring short and long-term market movements. However, a key difference lies in watchlist symbol syncing. FXGT.com allows seamless syncing of watchlist changes between its mobile app and online account, whereas OANDA does not offer this feature.
Each trading app provides 30 technical studies for charting, letting users conduct thorough market analysis. Additionally, both platforms auto-save drawing adjustments on charts, which ensures that users don't lose their valuable input unintentionally. Users can create watchlists with real-time quotes on both apps, adding to their convenience. Nevertheless, these apps aren't equally praised by users and experts. OANDA is rated five stars and holds the 7th position in the mobile trading apps category according to ForexBrokers.com, outshining FXGT.com, which is rated 3.5 stars and ranks 58th among 63 brokers. This notable difference highlights OANDA's overall superior reputation and user satisfaction in mobile trading.
| Feature |
OANDA
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of OANDA and FXGT.com, several differences standout for those seeking insightful tools and resources. OANDA shines with its daily market commentary and access to top-tier forex news from respected sources like Bloomberg and Reuters. This makes it an attractive choice for traders who prioritize staying updated with high-quality information and analysis. Additionally, OANDA provides technical analysis resources from Autochartist and a sentiment-based trading tool, offering traders valuable support for their decision-making processes. While both brokers provide an economic calendar, only OANDA delivers comprehensive research tools and commentary, earning it a higher research rating of 5 stars and ranking it 5th out of 63 brokers by ForexBrokers.com.
FXGT.com, on the other hand, offers fewer market research tools, lacking some of the essential resources that traders might find beneficial. It does not provide daily market commentary or top-tier forex news, nor does it offer technical analysis tools from companies like Autochartist. However, FXGT.com does include a sentiment-based trading tool and an economic calendar much like OANDA. Despite these offerings, FXGT.com's market research capabilities are rated lower, with 3 stars, and it ranks 56th out of 63 brokers. This makes it a less comprehensive option for traders who heavily rely on in-depth market insights and analysis. For those who consider research tools a critical part of their trading strategy, OANDA clearly presents itself as the more robust option between the two.
| Feature |
OANDA
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources offered by OANDA and FXGT.com for beginners, OANDA clearly emerges as the more comprehensive option. OANDA provides a wealth of educational content, including more than ten articles, videos, and archived webinars focusing on forex and CFDs. Additionally, they host online educational webinars monthly and offer a searchable archive of recorded sessions. Their education suite also includes at least ten beginner-friendly videos designed to guide new traders through the basics of trading, alongside advanced content for more seasoned investors. A large investor dictionary with over 50 terms is another valuable resource for traders attempting to navigate the world of forex and CFDs.
In contrast, FXGT.com falls short in several key areas for beginner education. While they do maintain an investor dictionary with a range of investing terms, they do not meet the benchmark of providing at least ten educational pieces focusing on forex or CFDs. Moreover, they lack both beginner and advanced video offerings and do not hold or archive client webinars. Reflecting these educational disparities, OANDA proudly holds a 5-star rating for their educational resources, while FXGT.com is rated 3 stars. This contributes to their overall rankings, placing OANDA at #22 and FXGT.com at #60 out of 63 brokers rated by ForexBrokers.com in the Education category.
| Feature |
OANDA
|
FXGT.com
|
|---|---|---|
| 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 FXGT.com. OANDA finished with an overall rank of #12, while FXGT.com finished with an overall rank of #59.
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
|
FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 69 |
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OANDA offers both the capability to purchase actual, delivered cryptocurrency and trade cryptocurrency derivatives, whereas FXGT.com only provides options for trading cryptocurrency derivatives, not the purchase of the actual cryptocurrency.
Comparing deposit and withdrawal options, both OANDA and FXGT.com support ACH or SEPA transfers, Visa or Mastercard, and bank wires, but OANDA additionally offers PayPal and Skrill, which FXGT.com does not.
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 | OANDA | FXGT.com | |
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| Trust Score | 93 | 69 | |
| Winner | check_circle | ||
| Review | OANDA Review |
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| Regulation | OANDA | FXGT.com | |
|---|---|---|---|
| Trust Score | 93 | 69 | |
| Year Founded | 1996 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | OANDA | FXGT.com | |
|---|---|---|---|
| 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) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| 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 | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | OANDA | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3928 | 117 | |
| Forex Pairs (Total) | 68 | 53 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | 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). | 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 | FXGT.com | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.61 | N/A | |
| All-in Cost EUR/USD - Active | 1.61 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | OANDA | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $0 | $5 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | OANDA | FXGT.com | |
|---|---|---|---|
| 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 | No |
| Trading Tools | OANDA | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 5 | |
| Charting - Indicators / Studies (Total) | 81 | 37 | |
| Charting - Drawing Tools (Total) | 431 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | OANDA | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
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| Trust Score | 93 | 69 | |
| Winner | check_circle | ||
| Review | OANDA Review |
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