Forex.com
OANDA
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Overview
Forex.com was founded in 2001 and is headquartered in United States, while OANDA was established in 1996 and is based in United States, Canada. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. Forex.com serves 150,000+ clients worldwide; OANDA has 10,000+. The minimum deposit is Typical at Forex.com and $1 at OANDA.
| Feature | Forex.com | OANDA |
|---|---|---|
| Min. Deposit | Typical | $1 |
| Regulation | Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) |
| Founded | 2001 | 1996 |
| Country | United States | United States, Canada |
| Clients | 150,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Forex.com and OANDA, directly affecting your bottom line as a trader. OANDA has a lower barrier to entry with a minimum deposit of $1 (vs Typical at Forex.com). Forex.com charges withdrawal fees while OANDA does not, a notable advantage for frequent withdrawers. Forex.com applies inactivity fees on dormant accounts; OANDA does not. Forex.com charges deposit fees; OANDA does not. Overall, OANDA scores higher on fees in our assessment.
| Feature | Forex.com | OANDA |
|---|---|---|
| Min. Deposit | Typical | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Forex.com offers MT4, MT5, cTrader, while OANDA supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Forex.com supports social and copy trading features, which OANDA does not offer. The two brokers are closely matched on platform offering.
| Feature | Forex.com | OANDA |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps | 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 Forex.com and OANDA compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. The two brokers are evenly matched on educational content.
| Feature | Forex.com | OANDA |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Forex.com accepts 3 of the tracked payment methods (bank transfer, credit/debit card, PayPal), while OANDA supports 2 (bank transfer, credit/debit card). Forex.com uniquely supports PayPal among the two brokers. Forex.com scores higher on deposit and withdrawal flexibility.
| Feature | Forex.com | OANDA |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | 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. Both Forex.com and OANDA offer live chat support. Both provide phone support. Email support is available at both brokers. Forex.com supports 3 languages and OANDA supports 2, giving Forex.com broader global reach. Both brokers are comparable on support quality.
| Feature | Forex.com | OANDA |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Chinese, Arabic | English, and Chinese |