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 |
OANDA offers a forex trading platform with a reputation for high costs, particularly due to their substantial spreads. Unlike discount brokers, OANDA's standout feature is its automated execution across account options. Bid/ask spreads, which represent the fees clients incur while trading, can be on the higher side compared to brokers like FXPro and FOREX.com. In July 2024, the non-core pricing average at OANDA was 1.61 pips for the EUR/USD pair. Although OANDA’s core pricing presents lower spreads, it includes a $5 commission per $100,000 of currency traded, which equates to roughly $10 per round turn for a standard lot. Despite the $10,000 minimum deposit requirement, this pricing model can be more cost-effective than commission-free trading. OANDA also allows trading from a minimum of 1 unit, which is far below the typical micro lot size.
FXGT.com, on the other hand, lacks average spread data and does not elaborate extensively on its fee structures in public domains. While there isn’t much transparency regarding specific costs, it is evident that FXGT.com’s trading expenses do not share the intricacy of OANDA’s core and default pricing structures. Despite FXGT.com's possibly lesser-known fee system, they might appeal to traders preferring simplicity over the detailed cost breakdown available with other brokers.
In terms of ratings, OANDA earns a 4-star rating for commissions and fees, positioning itself at #34 out of 62 brokers according to ForexBrokers.com. Meanwhile, FXGT.com scores a 3.5-star rating, placing it at #55 in the same category. This ranking reflects the nuances in costs and the detailed transparency OANDA provides, against FXGT.com’s less transparent fee structure. Though FXGT.com might offer simpler terms, the level of detail and reported higher costs make OANDA a slightly better-rated option in the commissions and fees category.
| 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 OANDA and FXGT.com in terms of investment options, both platforms offer forex trading as a CFD or spot contract. However, OANDA provides a significantly larger array of tradeable symbols, with 3,928 available compared to FXGT.com's 117. This also extends to forex pairs, where OANDA lists 68 compared to FXGT.com's 53 pairs. Neither platform offers direct exchange-traded securities from U.S. or international exchanges, meaning you can't buy actual Apple or Vodafone shares through them. Nevertheless, both brokers do support copy trading functionality for users interested in mimicking the trades of seasoned investors.
When it comes to cryptocurrency, OANDA offers the ability to purchase actual cryptocurrencies and derivatives, whereas FXGT.com is restricted to cryptocurrency derivatives only. This difference may appeal to investors seeking to hold real crypto assets. With these offerings in mind, it's no surprise that OANDA garners a higher four-star rating for its range of investments, compared to FXGT.com's three-star rating. According to ForexBrokers.com, OANDA ranks 27th out of 62 brokers in this category, while FXGT.com ranks 60th, highlighting a more diverse investment approach at OANDA.
| 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 brokers deliver solid options for traders with some notable differences. OANDA provides users with a proprietary, in-house developed platform, while FXGT.com does not. Both brokers offer a variety of platforms, including Windows-based desktop downloads and web-based options. For those interested in the popular MetaTrader platforms, both OANDA and FXGT.com support MetaTrader 4 and MetaTrader 5. They also cater to beginner traders with free virtual demo accounts and support copy trading. However, neither broker offers trading through DupliTrade or ZuluTrade.
Charting tools set OANDA apart, offering 431 drawing tools, significantly more than FXGT.com's 23. Both brokers allow direct trading from stock charts, but differences arise in watchlist features where OANDA supports six columns of data compared to FXGT.com's five. In terms of ratings, both earn four stars for their platforms and tools, but OANDA stands out by ranking 16th out of 62 brokers on ForexBrokers.com, compared to FXGT.com's 56th position. Overall, while both brokers provide comprehensive trading environments, OANDA's proprietary additions and charting capabilities might appeal more to traders seeking advanced features.
| 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 provide solutions for traders using iPhone and Android devices. Both platforms offer essential features such as stock and forex price alerts, the ability to draw trendlines on charts, and the option to view different time frames including daily, weekly, or intraday. Additionally, both apps support creating watchlists with real-time quotes and auto-saving chart drawings. OANDA and FXGT.com also offer 30 technical studies for their charting, giving users a comprehensive analytical experience.
A key difference between the two brokers is watchlist symbol syncing. FXGT.com allows watchlists in the mobile app to sync with the client's online account, but OANDA does not. Despite this, OANDA excels in user satisfaction, earning a 5-star rating for its mobile trading app compared to FXGT.com's 3.5 stars. In the rankings by ForexBrokers.com, OANDA stands significantly higher at #7, while FXGT.com is placed at #58 among 62 brokers for their mobile apps. This gives OANDA a stronger position in terms of user preference and industry recognition.
| 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.
OANDA stands out for its comprehensive market research offerings, providing daily market commentary and forex news from top-tier sources such as Bloomberg and Reuters. It also equips traders with technical analysis tools from Autochartist and a sentiment-based trading tool that showcases long or short positions across various currency pairs. In addition, OANDA includes an economic calendar that highlights current and upcoming global news events. These extensive resources contribute to its high research rating of 5 stars and an impressive rank of #5 out of 62 brokers on ForexBrokers.com.
In contrast, FXGT.com offers fewer market research tools, lacking daily market commentary and not providing forex news from major news providers. While FXGT.com does feature a sentiment-based trading tool similar to OANDA, it misses out on technical analysis tools from Autochartist and has a basic economic calendar. This limited suite of research tools results in a 3-star rating for research and a lower rank of #56 out of 62 brokers according to ForexBrokers.com. Traders prioritizing comprehensive market research may find OANDA's offerings more aligned with their needs.
| 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.
For beginners looking to dive into forex or CFDs trading, OANDA stands out as a favored choice due to its comprehensive educational resources. OANDA provides a wealth of material, including more than 10 educational pieces such as articles, videos, and archived webinars. They regularly host live webinars, offering at least one session per month, which gives clients the chance to learn in real-time. For those who want to revisit previously covered topics, OANDA offers a searchable archive of recorded webinars. Furthermore, they house an extensive collection of over 10 beginner-friendly videos and additional advanced content tailored for seasoned traders. To support learning, OANDA also maintains an investor dictionary with over 50 defined investing terms. This rich educational support earns them a 5-star rating from users and places them as the 22nd-ranked broker in the Education category by ForexBrokers.com.
In contrast, FXGT.com falls short in providing a similar educational experience for beginners. Unlike OANDA, FXGT.com does not meet the minimum requirement of 10 educational pieces focused on forex or CFDs, nor do they offer monthly online educational webinars. The lack of a searchable archive and both beginner and advanced video content further limits the learning opportunities for their users. Despite having an investor dictionary similar to OANDA, FXGT.com's educational framework results in a 3-star rating and positions them 59th out of 62 brokers for education services, according to ForexBrokers.com. This comparison highlights OANDA’s stronger commitment to education, making it a more attractive option for new traders looking for comprehensive learning support.
| 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 62 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 #58.
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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FXGT.com
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|---|---|---|
| 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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