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 | 1.4 | 1.69 |
| All-in Cost EUR/USD - Active | 0.9 | 1.69 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FOREX.com vs OANDA: both brokers let you trade forex as CFDs or spot, but their product ranges differ. FOREX.com lists about 5,500 tradeable symbols and 80 forex pairs, while OANDA offers around 4,172 symbols and 69 forex pairs. In independent reviews, FOREX.com earned 5 stars for Range of Investments and ranked #7 out of 63 brokers, whereas OANDA received 4 stars and ranked #28.
Outside of forex, OANDA stands out by offering exchange-traded securities on both U.S. and international exchanges, plus copy trading and the ability to buy actual cryptocurrency. FOREX.com does not offer exchange-traded stocks or copy trading, and it doesn’t support buying delivered crypto. Both brokers provide cryptocurrency derivatives. In short, choose FOREX.com for a larger overall market list and more FX pairs, and consider OANDA if you want stocks, copy trading, and real crypto alongside CFD and spot forex.
| Feature |
FOREX.com
|
OANDA
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 4172 |
| Forex Pairs (Total) | 80 | 69 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | Yes |
| 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 offered by FOREX.com and OANDA, both brokers provide their clients access to a wide array of options, including simulated or paper trading with a free virtual demo account, proprietary platforms developed in-house, and popular trading platforms like MetaTrader 4 and MetaTrader 5. They both offer Windows-based desktop download platforms as well as web-based trading platforms for convenience. However, one notable difference is that OANDA offers copy trading features, which FOREX.com does not. Although neither offers platforms like DupliTrade or ZuluTrade, both brokers enable trading directly from charts. FOREX.com stands out in charting capabilities with 239 drawing tools compared to OANDA's 74 and provides more extensive watch list customizations with 20 fields compared to OANDA’s 6.
FOREX.com receives a perfect 5-star rating for its trading platforms and tools, which puts it at the 7th position out of 63 brokers according to ForexBrokers.com. This is indicative of its comprehensive and versatile platform offerings. In contrast, OANDA, while robust in its features, garners a 4-star rating and ranks 15th out of 63, slightly trailing in the competitive landscape of trading platforms. Both platforms cater to various trading needs but depending on specific preferences for features like drawing tools, watch list flexibility, and copy trading, traders might find one suits them better than the other.
| Feature |
FOREX.com
|
OANDA
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 88 | 89 |
| Charting - Drawing Tools (Total) [DELETED] | 239 | 74 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 20 | 6 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both FOREX.com and OANDA offer comprehensive mobile trading apps for iPhone and Android users, ensuring you have the freedom to trade on-the-go. Whether you're interested in forex or stocks, these apps provide real-time alerts, customizable watchlists, and time frame viewing options to keep you informed of market shifts. While both apps are highly rated, each offering 5-star performance, FOREX.com stands out with some additional features that might appeal to more technical traders.
Notably, FOREX.com provides 88 technical studies for charting compared to OANDA's 30, offering a broader scope for in-depth analysis. The FOREX.com app also enables seamless watchlist symbol syncing between mobile and online accounts, an advantage over OANDA in terms of keeping your trading data consistent across platforms. Both apps allow for drawing trendlines and auto-saving these drawings, but FOREX.com ranks #3 among 63 brokers for mobile trading apps according to ForexBrokers.com, slightly ahead of OANDA's #7 ranking. Whether you are new to trading or an experienced investor, both platforms have much to offer, but FOREX.com might be better suited for those prioritizing deeper analytical tools and seamless integration.
| Feature |
FOREX.com
|
OANDA
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 88 | 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.
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 | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | 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.
FOREX.com and OANDA both deliver substantial education for forex and CFD beginners. Each offers at least 10 learning pieces, monthly live webinars, and a searchable archive of recordings. You’ll find 10+ beginner videos to build core skills, 10+ advanced videos for when you’re ready to go deeper, plus an investor dictionary with 50+ terms to clarify key concepts.
For ratings and rankings, there’s a split: OANDA earns a 5-star Education rating from ForexBrokers.com, while FOREX.com is close behind at 4.5 stars. However, in ForexBrokers.com’s Education category out of 63 brokers, FOREX.com ranks #4 and OANDA ranks #19. In short, both are beginner-friendly; pick OANDA if you prioritize a top star rating, or choose FOREX.com if a higher category rank matters more to you.
| Feature |
FOREX.com
|
OANDA
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| 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 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
|
OANDA
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 93 |
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While both FOREX.com and OANDA offer the ability to trade cryptocurrency derivatives, only OANDA provides the option to buy actual delivered cryptocurrency, whereas FOREX.com does not.
In a head-to-head comparison, both FOREX.com and OANDA offer robust funding flexibility with ACH/SEPA transfers, PayPal, Skrill, Visa/Mastercard, and bank wire options for deposits and withdrawals.
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 (SFC 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. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | Yes | |
| 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 | FOREX.com | OANDA | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | 1.69 | |
| All-in Cost EUR/USD - Active | 0.9 | 1.69 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FOREX.com | OANDA | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | FOREX.com | OANDA | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FOREX.com | OANDA | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 20 | 6 | |
| Charting - Indicators / Studies (Total) | 88 | 89 | |
| Charting - Drawing Tools (Total) [DELETED] | 239 | 74 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 88 | 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 | FOREX.com | OANDA | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FOREX.com | OANDA | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FOREX.com | OANDA | |
|---|---|---|---|
| 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 | 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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