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Online Brokerage Comparison Tool

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Written by ForexBrokers.com

November 08, 2022

The forex brokers comparison tool compares all forex broker ratings, features, and fees side by side. Filter your brokers and compare the most popular brokers and widely used tools, mobile apps, platforms, spreads, and more. To best support your experience, providers are displayed based on your geo location. Please note: Product offerings may vary depending on your country of residence.

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Overall RatingOANDA
Overall Rating4.5 Stars
Commissions & Fees4 Stars
Offering of Investments3.5 Stars
Platform & Tools4 Stars
Mobile Trading4.5 Stars
Research4.5 Stars
Education4 Stars
Trust Score92
Winnercheck_circle
ReviewOANDA Review
RegulationOANDA
Trust Score92
Year Founded1996
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses6
Tier-2 Licenses0
Tier-3 Licenses1
Authorised in European UnionYes
About RegulationA โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)OANDA
ASIC Authorised (Australia)Yes
IIROC Authorised (Canada)Yes
SFC Authorised (Hong Kong)No
CBI Authorised (Ireland)No
FSA Authorised (Japan)Yes
MAS Authorised (Singapore)Yes
FINMA Authorised (Switzerland)No
FCA Authorised (U.K.)Yes
CFTC Registered (USA)Yes
FMA Authorised (New Zealand)No
Tier-2 Licenses (Average Trust)OANDA
CBRC Authorised (China)No
CySEC Authorised (Cyprus)No
SEBI Authorised (India)No
ISA Authorised (Israel)No
CBR Authorised (Russia)No
FSCA Authorised (South Africa)No
SEC Authorised (Thailand)No
DFSA / Central Bank Authorised (UAE)No
Tier-3 Licenses (Low Trust)OANDA
SCB Authorised (Bahamas)No
IFSC Authorised (Belize)No
CIMA Authorised (Cayman Islands)No
BMA Authorised (Bermuda)No
FSC Authorised (British Virgin Islands)Yes
FSC Authorised (Mauritius)No
VFSC Authorised (Vanuatu)No
InvestmentsOANDA
Forex Trading (Spot or CFDs)Yes
Tradeable Symbols (Total)124
Forex Pairs (Total)71
U.S. Stock Trading (Non CFD)No
Int'l Stock Trading (Non CFD)No
Social Trading / Copy TradingYes
Cryptocurrency (Physical)No
Cryptocurrency (CFD)Yes
DisclaimersNote: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CostOANDA
Average Spread EUR/USD - Standard1.26 (5/22-5/27/22)
All-in Cost EUR/USD - Active1.26 (5/22-5/27/22)
Active Trader or VIP DiscountsYes
Execution: Agency BrokerNo
Execution: Market MakerYes
FundingOANDA
Minimum Initial Deposit$0
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Bank Wire (Deposit/Withdraw)Yes
Trading PlatformsOANDA
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
Social Trading / Copy TradingYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
cTraderNo
DupliTradeNo
ZuluTradeYes
Trading ToolsOANDA
Virtual Trading (Demo)Yes
Alerts - Basic FieldsYes
Watchlists - Total Fields6
Charting - Indicators / Studies (Total)81
Charting - Drawing Tools (Total)431
Charting - Trade From ChartYes
Charts can be savedYes
Mobile TradingOANDA
Android AppYes
Apple iOS AppYes
Mobile Alerts - Basic FieldsYes
Mobile WatchlistYes
Watchlist SyncingNo
Mobile Charting - Indicators / Studies33
Mobile Charting - Draw TrendlinesYes
Mobile Charting - Multiple Time FramesYes
Mobile Charting - Drawings AutosaveYes
Forex CalendarYes
ResearchOANDA
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
AutochartistYes
Trading Central (Recognia)No
Social Sentiment - Currency PairsYes
Economic CalendarYes
EducationOANDA
Has Education - Forex or CFDsYes
Client WebinarsYes
Client Webinars (Archived)Yes
Videos - Beginner Trading VideosYes
Videos - Advanced Trading VideosYes
Investor Dictionary (Glossary)Yes
Major Forex PairsOANDA
GBP/USDYes
USD/JPYYes
EUR/USDYes
USD/CHFYes
USD/CADYes
NZD/USDYes
AUD/USDYes
ReviewOANDA Review
OverallOANDA
Overall Rating4.5 Stars
Commissions & Fees4 Stars
Offering of Investments3.5 Stars
Platform & Tools4 Stars
Mobile Trading4.5 Stars
Research4.5 Stars
Education4 Stars
Trust Score92
Winnercheck_circle
ReviewOANDA Review
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