AB Forex
OANDA
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Overview
AB Forex was founded in 2003 and is headquartered in STOCKHOLM, while OANDA was established in 1996 and is based in United States, Canada. AB Forex holds licences including Unregulated, while OANDA is regulated by Financial Conduct Authority (FCA) among others. AB Forex serves 10,000+ clients worldwide; OANDA has 10,000+. The minimum deposit is $100 at AB Forex and $1 at OANDA.
| Feature | AB Forex | OANDA |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Regulation | Unregulated | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) |
| Founded | 2003 | 1996 |
| Country | STOCKHOLM | United States, Canada |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AB Forex and OANDA, directly affecting your bottom line as a trader. OANDA has a lower barrier to entry with a minimum deposit of $1 (vs $100 at AB Forex). AB Forex charges withdrawal fees while OANDA does not, a notable advantage for frequent withdrawers. AB Forex applies inactivity fees on dormant accounts; OANDA does not. AB Forex charges deposit fees; OANDA does not. Overall, OANDA scores higher on fees in our assessment.
| Feature | AB Forex | OANDA |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
OANDA edges ahead on platform breadth and functionality in our scoring.
| Feature | AB Forex | OANDA |
|---|---|---|
| MT4 | No | Yes |
| MT5 | No | Yes |
| cTrader | No | Yes |
| Windows App | No | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | DealBook├é┬¼├âÔÇá 360 (Desktop, Mobile, iPhone, iPad, iPod touch, Web) | MT4, OANDA Desktop, OANDA Web, OANDA Mobile |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AB Forex and OANDA compare. OANDA runs regular live webinars; AB Forex does not. OANDA has a video library; AB Forex does not. OANDA publishes daily market commentary; AB Forex does not. OANDA integrates third-party research tools (Trading Central); AB Forex does not. OANDA maintains an archive of past webinars for on-demand viewing. OANDA scores higher overall in education and research.
| Feature | AB Forex | OANDA |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. OANDA uniquely supports bank transfer and credit/debit card among the two brokers. OANDA scores higher on deposit and withdrawal flexibility.
| Feature | AB Forex | OANDA |
|---|---|---|
| Bank Transfer | No | Yes |
| Credit Card | No | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. OANDA offers live chat; AB Forex does not, making OANDA easier to reach in real time. OANDA offers phone support; AB Forex does not. OANDA offers email support; no email support was found for AB Forex. Both brokers offer support in 2 languages. OANDA scores higher overall on customer support in our assessment.
| Feature | AB Forex | OANDA |
|---|---|---|
| Live Chat | No | Yes |
| Phone Support | No | Yes |
| Email Support | No | Yes |
| Languages | English, and Chinese | English, and Chinese |