Written by ForexBrokers.com
In this head to head comparison of OANDA vs Forex4you, 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 Forex4you, one can see important differences in terms of trust and regulatory oversight. OANDA, founded in 1996, holds a strong position with seven Tier-1 licenses, reflecting a high level of trust according to ForexBrokers.com. With a Trust Score of 93 out of 99, OANDA is considered highly trusted in the industry. It is not a publicly traded company, nor is it a bank, focusing solely on its role as an online broker.
In contrast, Forex4you, established in 2007, does not hold any Tier-1 or Tier-2 licenses, indicating a lack of the most trusted regulatory oversight. Forex4you carries a Trust Score of 61, placing it in the high-risk category. Like OANDA, Forex4you is not publicly traded and operates independently of any banking institutions. This information highlights the significant regulatory and trust differences between these two online brokers.
| Feature |
OANDA
|
Forex4you
|
|---|---|---|
| Year Founded | 1996 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 0 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the online brokers OANDA and Forex4you in terms of commissions and fees, OANDA stands out with a more intricate fee structure. OANDA generally charges higher forex trading costs due to its effective spreads, which are usually steeper compared to other top brokers. Known for its automated execution, OANDA’s non-core pricing showed an average spread of 1.61 pips on the EUR/USD pair in July 2024. For clients considering core pricing, OANDA offers lower spreads but adds a commission of $5 per $100,000 traded, making the total marginally more cost-effective compared to its commission-free pricing. It ranks #34 out of 62 brokers according to ForexBrokers.com, earning a 4-star rating for its commissions and fees.
OANDA provides a significant advantage by allowing traders to operate with micro lots down to 1 unit, which is unique in its flexibility. Furthermore, its Elite Trader program offers rebates for active traders in certain regions and additional benefits like subscription reimbursements for TradingView services. However, while OANDA aims for pricing transparency by publishing its spread averages across nearly all timeframes, it does not offer fixed period averages, making exact comparisons challenging.
In contrast, Forex4you does not provide specific average spread data, which limits direct comparison in terms of spread costs. Forex4you holds a slightly lower rating of 3.5 stars in the commissions and fees category. This places it at #53 out of 62 brokers as ranked by ForexBrokers.com. Overall, while Forex4you may appeal to those seeking simplicity, OANDA offers a more sophisticated and variable fee structure, albeit with generally higher costs.
| Feature |
OANDA
|
Forex4you
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| 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 | 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.
When comparing the range of investments offered by OANDA and Forex4you, both brokers provide access to forex trading through CFDs, but the variety and depth of offerings differ. OANDA boasts a greater selection with 3,928 tradeable symbols, including 68 forex pairs, whereas Forex4you offers 150 tradeable symbols, with 43 forex pairs. Neither broker allows trading using exchange-traded securities on U.S. or international exchanges, so clients can't directly buy stocks like Apple or Vodafone. However, both platforms support copy trading, allowing clients to mirror the trades of experienced investors.
In terms of cryptocurrency trading, OANDA provides the ability to purchase both actual cryptocurrencies and cryptocurrency derivatives, whereas Forex4you limits clients to trading in cryptocurrency derivatives only. In ratings, OANDA receives a commendable 4-star score for its range of investments, with a ranking of 27 out of 62 brokers according to ForexBrokers.com. Forex4you achieves a slightly lower score of 3.5 stars and ranks 58 out of 62 in the same category. These factors make OANDA a more versatile option for investors seeking a wider array of trading opportunities.
| Feature |
OANDA
|
Forex4you
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3928 | 150 |
| Forex Pairs (Total) | 68 | 43 |
| 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 OANDA and Forex4you, both brokers cater to traders with a selection of trading platforms, offering a seamless experience for users preferring a proprietary platform or popular third-party options like MetaTrader 4 and 5. Both OANDA and Forex4you allow traders to use Windows-based desktop platforms and web-based browser trading, while also providing virtual demo accounts for practicing strategies without risk. While neither supports platforms such as DupliTrade or ZuluTrade, they both offer copy trading capabilities, providing additional ways to engage with the markets. OANDA's platform features 431 drawing tools for charting compared to Forex4you's 15, and both enable direct trading from stock charts. Moreover, OANDA offers six columns for watchlists, while Forex4you provides seven, giving users flexibility in tracking their preferred assets.
Inside the competitive world of trading platforms and tools, OANDA and Forex4you are both rated four stars, yet OANDA edges ahead in the rankings by ForexBrokers.com at 16th place, while Forex4you lands at the 52nd spot out of 62 brokers. These platforms are designed to cater to a wide range of trader needs, ensuring that both beginners and experienced traders can find options that suit their trading styles and preferences. Whether focusing on charting tools, trading via direct stock charts, or exploring the functionality of various platforms, OANDA and Forex4you deliver strong platforms and trading resources to their clients.
| Feature |
OANDA
|
Forex4you
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| 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) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 81 | 30 |
| Charting - Drawing Tools (Total) | 431 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of OANDA and Forex4you, both platforms offer iPhone and Android apps, providing versatility for users across popular mobile devices. Both apps include essential features such as stock and forex price alerts, the ability to draw trendlines on charts, view multiple time frames, and create watchlists with real-time quotes. Additionally, each app allows users to apply 30 technical studies for in-depth chart analysis and supports auto-saving of chart drawings. However, neither OANDA nor Forex4you offer watchlist symbol syncing, meaning users need to update watchlists separately on their mobile app and online account.
In terms of user ratings and industry rankings, OANDA stands out with a superior reputation, boasting a 5-star rating for its Mobile Trading App and securing the 7th position among 62 brokers on ForexBrokers.com. In contrast, Forex4you received a 4-star rating, ranking 50th in the same category. This distinction highlights OANDA's stronger appeal among users, making it a more favorable option for those seeking high-quality mobile trading experiences.
| Feature |
OANDA
|
Forex4you
|
|---|---|---|
| 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 | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing OANDA and Forex4you for market research offerings, both platforms excel in providing daily market commentary and access to forex news from renowned sources like Bloomberg, Reuters, and Dow Jones. Each broker also integrates Autochartist tools, giving traders essential technical and fundamental analysis capabilities. A notable distinction, however, is that Forex4you enhances its research suite with Trading Central's technical analytics tools, which OANDA does not provide. On the sentiment analysis front, OANDA gives traders an edge by offering a tool that reveals the ratio of long or short positions across various instruments, a feature that Forex4you lacks.
Both OANDA and Forex4you supply economic calendars to keep traders informed about pivotal global events. Despite similarities, the overall research experience differs significantly, with OANDA rated at 5 stars compared to Forex4you's 3.5 stars. This disparity is further highlighted by their rankings, where OANDA places 5th among 62 brokers on ForexBrokers.com in the Research category, whereas Forex4you ranks 47th. These evaluations suggest that, while both brokers offer valuable resources, OANDA may provide a more comprehensive research experience for traders seeking in-depth market insights.
| Feature |
OANDA
|
Forex4you
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, OANDA shines by providing a wide range of learning materials and tools. With over ten educational pieces focused on forex and CFDs, newcomers can access a wealth of knowledge through articles, videos, and archived webinars. OANDA also conducts at least one live educational webinar each month and maintains a searchable archive of these sessions for easy reference. They have curated a collection of more than ten beginner-focused trading videos, making it easier for novices to grasp trading concepts. Additionally, OANDA offers an investor dictionary, ensuring users can familiarize themselves with more than 50 investing terms. This comprehensive approach to education earns OANDA a stellar five-star rating for Education and the #22 ranking out of 62 brokers on ForexBrokers.com.
In comparison, Forex4you provides a solid educational platform but falls short in certain areas when measured against OANDA. Forex4you supplies over ten educational pieces on forex and CFDs, along with a searchable archive of previous webinars, giving users access to foundational knowledge. However, they do not conduct monthly live webinars or offer at least ten beginner educational videos like OANDA does. Forex4you also lacks an extensive investor dictionary covering 50 terms or more. These limitations reflect in their educational rating of 3.5 stars and a rank of #25 out of 62 brokers on ForexBrokers.com. While Forex4you offers a sound starting point, beginners may find a more enriching and diverse learning experience with OANDA.
| Feature |
OANDA
|
Forex4you
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that OANDA is better than Forex4you. OANDA finished with an overall rank of #12, while Forex4you finished with an overall rank of #55.
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
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Forex4you
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| Overall Rating |
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| Trust Score | 93 | 61 |
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OANDA provides traders with the option to purchase and take delivery of actual cryptocurrencies in addition to offering cryptocurrency derivatives, whereas Forex4you only offers cryptocurrency derivatives and does not provide the ability to buy and deliver actual cryptocurrencies.
OANDA provides a variety of funding options including ACH or SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, whereas Forex4you offers Skrill, Visa or Mastercard, and bank wires but does not support ACH, SEPA transfers, or PayPal.
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 | Forex4you | |
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| Trust Score | 93 | 61 | |
| Winner | check_circle | ||
| Review | OANDA Review |
| Broker Screenshots | OANDA | Forex4you | |
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| Regulation | OANDA | Forex4you | |
|---|---|---|---|
| Trust Score | 93 | 61 | |
| Year Founded | 1996 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 0 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | OANDA | Forex4you | |
|---|---|---|---|
| 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 | No |
| Tier-2 Licenses (Trusted) | OANDA | Forex4you | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| 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) | No | No |
| Investments | OANDA | Forex4you | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3928 | 150 | |
| Forex Pairs (Total) | 68 | 43 | |
| 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 | Forex4you | |
|---|---|---|---|
| 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 | Forex4you | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| 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 | Forex4you | |
|---|---|---|---|
| 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) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | OANDA | Forex4you | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 81 | 30 | |
| Charting - Drawing Tools (Total) | 431 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | Forex4you | |
|---|---|---|---|
| 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 | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | OANDA | Forex4you | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | Forex4you | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | OANDA | Forex4you | |
|---|---|---|---|
| GBP/USD | Yes | No | |
| USD/JPY | Yes | No | |
| EUR/USD | Yes | No | |
| USD/CHF | Yes | No | |
| USD/CAD | Yes | No | |
| NZD/USD | Yes | No | |
| AUD/USD | Yes | No | |
| Review | OANDA Review |
| Overall | OANDA | Forex4you | |
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| Trust Score | 93 | 61 | |
| Winner | check_circle | ||
| Review | OANDA Review |
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