Comparing OANDA and Forex.com
A 2025 Broker Comparison
In this broker comparison, we will assess OANDA and Forex.com, two of the biggest names in the Forex industry. Both platforms are well-regulated and offer unique advantages for traders. OANDA is known for its user-friendly platforms, low fees, and transparency, while Forex.com shines with advanced tools and professional-grade research. This review will explore key features, account types, platforms, fees, and customer support to help you decide which broker fits your trading style best.
OANDA vs Forex.com: Key Features Breakdown
OANDA Features
Spreads: Starts from 0.92 pip (EUR/USD)
Leverage: Up to 50:1 (Varies by region)
Platforms: fxTrade, MetaTrader 4 (MT4), MetaTrader 5 (MT5)
Minimum Deposit: $0
Commissions: None (spread-based)
Customer Support: 24/5 via phone, email, and live chat
Regulation: CFTC, FCA, IIROC
Forex.com Features
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Spreads: Starts from 1.2 pip (EUR/USD)
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Leverage: Up to 50:1 (Varies by region)
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Platforms: Advanced Trading, MetaTrader 4 (MT4), MetaTrader 5 (MT5), Web Trading, Mobile App
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Minimum Deposit: $100
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Commissions: None (spread-based)
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Customer Support: 24/5 via phone, email, and live chat
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Regulation: CFTC, FCA, IIROC
A Feature Breakdown
- Forex, Indices, Commodities, Crypto, Metals
- Leverage: Up to 1:50 (Retail)
- Minimum Deposit: $0
- Commission-Free Deposits
- MetaTrader 4 & 5
- cTrader: No
- Social Trading: Not Available
- ECN/Raw Spreads: No
- Forex, Indices, Shares, Commodities, Crypto
- Leverage: Up to 1:50 (Retail)
- Minimum Deposit: $100
- Commission-Free Deposits
- MetaTrader 4 & 5
- cTrader: No
- Social Trading: Not Available
- ECN/Raw Spreads: No
OANDA vs Forex.com: Account Type Comparison
Both OANDA and Forex.com offer a range of account types tailored to meet the varying needs of traders. Let’s dive into the specific accounts and their benefits:
OANDA Account Types
OANDA provides a streamlined account structure, with a single account type for retail traders. The Standard Account offers all the necessary features to get started with forex trading, including competitive spreads, a vast selection of markets, and access to advanced tools.
- Minimum Deposit: $0
- Account Types: Only one retail account type (Standard)
- Features:
- Access to advanced charting tools
- Commission-free trading
- No minimum deposit required
- Available on both MetaTrader 4 and 5
While OANDA does not offer multiple tiers or specialized accounts like some competitors, the flexibility of a single account type makes it straightforward for traders of all levels to use.
Key Features
Free Demo Account
Commission-Free Trading
- Leverage up to 1:50 (Retail)
Forex.com Account Types
Forex.com offers a wider range of account types designed to cater to different types of traders, including beginners, intermediate traders, and professionals.
- Standard Account: Ideal for beginner to intermediate traders, offering competitive spreads and access to a variety of instruments.
- Pro Account: Aimed at experienced traders, this account provides tighter spreads and better execution, perfect for those seeking higher volume or more advanced strategies.
- Raw+ Account: Offers low spreads but requires commission-based fees, ideal for active traders who need the tightest spreads possible for their strategies.
- Elite Account: Designed for high-volume traders, providing the tightest spreads and preferential pricing for frequent traders.
- Minimum Deposit: $100
- Account Types: Four different account options (Standard, Pro, Raw+, and Elite)
Key Features
Free Demo Account
Micro Account
VIP Account (for Pro, Raw+, and Elite types)
- Access to MetaTrader 4 & 5
Summary of Account Features
| Account Type | OANDA | Forex.com |
| Standard Account |  Single Account Type | Standard Account |
| Minimum Deposit | $0 | $100 |
| Advanced Tools | Yes | Yes |
| Leverage | Up to 1:50 (Retail) | Up to 1:50 (Retail) |
| Commission-Free | Yes | Yes |
| Demo Account | Yes | Yes |
| VIP Account |  Not Available | Available for Pro, Raw+, Elit |
| Micro Account | Not Available |
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| Raw Spreads | No | Available on Raw+ |
Oanda and Forex.com: Platform Insights
| Feature | OANDA | Forex.com |
| Platform | OANDA’s Trading Platform, WebTrader, MetaTrader 4, MetaTrader 5 | Forex.com Platform, MetaTrader 4, MetaTrader 5 |
| Social Trading | Not Available | Not Available |
| Listed on a Stock Exchange | Listed (Publicly traded on NYSE) | Listed (Publicly traded on NASDAQ) |
| Trading App | OANDA Mobile App, Web-based Trading | Forex.com App, Web-based Trading |
| Leverage | Up to 1:50 (Retail), up to 1:200 (Professional) | Up to 1:50 (Retail), higher for Pro Accounts |
| Commission | Commission-free deposits, spreads-based | Commission-free, spreads-based |
| Spreads | Competitive, starting from 0.6 pips | Competitive, starting from 1.0 pips |
| Minimum Deposit | $0 (USD) | $100 (USD) |
| Regulation | ASIC , FCA, MAS, NFA or CFTC , FCS BVI, CIRO / IROC | CySEC, NFA, CFTC, CIMA, FCA, SFC, FSA, MAS, ASIC |
| Instruments | Forex, Commodities, Indices, Bonds | Forex, Commodities, Indices, Cryptos |
| Demo Account | Free Demo Account | Free Demo Account |
Expanding Your Portfolio with OANDA and Forex.com
Expanding Your Portfolio with OANDA & Forex.com
In the dynamic world of trading, diversifying your portfolio is essential for managing risk and maximizing potential returns. Both OANDA and Forex.com offer robust platforms that cater to a variety of trading styles and asset classes, making them excellent choices for traders looking to expand their investment horizons.
OANDA: A Gateway to Diverse Trading Opportunities
OANDA stands out with its proprietary trading features, including the OANDA Prop Trader Challenge, which allows traders to test their skills with virtual funds up to $500,000. This challenge is designed for both novice and experienced traders, offering a structured environment to develop and refine trading strategies without financial risk. Participants can choose between different challenges, such as the Classic Challenge or the Boost Challenge, each tailored to varying risk appetites and trading styles1.
The platform supports a wide array of instruments, including forex, commodities, indices, and cryptocurrencies. With competitive spreads starting from 0.6 pips, OANDA provides an attractive environment for traders looking to capitalize on market movements. Additionally, OANDA’s commitment to education is evident through its extensive resources, including webinars and articles aimed at enhancing trading knowledge23.
Forex.com: Comprehensive Trading Solutions
Forex.com also offers a diverse range of trading options across multiple asset classes. With access to forex pairs, commodities, indices, and cryptocurrencies, traders can easily diversify their portfolios. The platform is known for its user-friendly interface and advanced trading tools, including the latest versions of MetaTrader 4 and 5, which provide powerful analysis capabilities23.
Forex.com features commission-free trading with competitive spreads starting from 1.0 pips, allowing traders to engage in various market strategies without incurring high costs. Furthermore, Forex.com provides educational resources and market insights that help traders make informed decisions4.
Key Considerations for Portfolio Expansion
When expanding your portfolio with OANDA or Forex.com, consider the following:
Risk Management: Both platforms offer tools for managing risk effectively. OANDA’s GSLO (Guaranteed Stop Loss Order) helps protect trades from adverse market movements.
Leverage Options: Leverage can amplify both gains and losses. OANDA offers leverage up to 1:200 for professional accounts, while Forex.com provides higher leverage options for its pro accounts12.
Demo Accounts: Utilize demo accounts available on both platforms to practice trading strategies without financial risk. This is particularly beneficial for testing new ideas or familiarizing yourself with the platform’s features4.
SCORECARD SHOWDOWN
OANDA vs Forex.com
Market and Products
4.8
Trading Platform
4.7
Research and Education
4.5
Market and Products
4.6
Trading Platform
4.8
Research and Education
4.4
Customer Support: Availability, Quality, and Responsiveness
OANDA provides support through various channels, including email, phone, and live chat, ensuring that clients can easily reach out for assistance regardless of their preferred method. Forex.com mirrors this approach, offering a similar suite of support options, reinforcing their commitment to accessibility and responsiveness. The quality of support is reflected in the expertise and helpfulness of the support staff, who are trained to address a wide array of queries, from technical issues to account-related matters, thereby fostering a supportive trading environment.
Ultimately, the true measure of customer support lies in its effectiveness and the speed with which it resolves issues. OANDA and Forex.com consistently strive to enhance their support systems by providing timely and informative responses to client inquiries. By offering multiple channels for communication and ensuring that support staff are well-versed in platform functionalities and trading-related topics, both brokers demonstrate a dedication to empowering traders with the assistance they need to navigate the complexities of the forex market successfully. This commitment contributes significantly to a positive and trustworthy trading experience, reinforcing the importance of customer support in the overall appeal of OANDA and Forex.com.
Comparing Broker Regulations
- ASIC (Australia)
- FCA
- MAS (Singapore)
- NFA or CFTC (USA)
- CySec
- FCS BVI (British Virgin Islands)
- CIMA (Cayman Islands)
- CIRO / IROC (Canada)
Leveraged trading is high risk. Losses can exceed deposits.
- Mwali International Services
- FCA (UK)
- MAS (Singapore)
- NFA or CFTC (USA)
- CySec
- FCS BVI (British Virgin Islands)
- CIMA (Cayman Islands)
- CIRO / IROC (Canada)
Leveraged trading is high risk. Losses can exceed deposits.
Overall Commissions & Fees Rating
Leveraged trading is high risk. Losses can exceed deposits.
Leveraged trading is high risk. Losses can exceed deposits.
Which Broker Meets Your Trading Needs?
When choosing between OANDA and FOREX.com, consider your trading priorities.
OANDA is ideal for traders seeking low spreads and a user-friendly platform. It offers competitive spreads, such as a minimum of 0.6 pips on EUR/USD, and a proprietary platform designed for simplicity and ease of use.
FOREX.com stands out with its extensive range of over 4,500 instruments, including 91 forex pairs, and advanced trading platforms like MetaTrader 4 and 5. It also offers a strong regulatory framework and a variety of research tools.
In summary, if you value low spreads and a straightforward trading experience, OANDA may be the better choice. However, if you prefer a broader range of trading instruments and advanced platforms, FOREX.com could be more suitable.
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Frequently Asked Questions
1. What are the key differences between OANDA and FOREX.com?
OANDA and FOREX.com are both reputable forex brokers, each offering unique features. FOREX.com provides a broader range of tradable symbols, including over 5,500 instruments, and supports both MetaTrader 4 and MetaTrader 5 platforms. OANDA offers approximately 3,928 tradable symbols and integrates with TradingView, providing a user-friendly experience.
2. Which broker offers better trading platforms?
FOREX.com supports MetaTrader 4 and MetaTrader 5, offering advanced trading tools and features. OANDA provides MetaTrader 4 and integrates with TradingView, catering to traders seeking a more intuitive interface.
3. What are the minimum deposit requirements for opening an account?
FOREX.com requires a minimum deposit of $100 to open a trading account. OANDA does not have a minimum deposit requirement, allowing traders to start with any amount.
4. How do the spreads and fees compare between the two brokers?
FOREX.com offers competitive spreads, with the EUR/USD starting at 0.8 pips, averaging around 1.1 pips. OANDA provides a more competitively priced trading environment, with the EUR/USD carrying a minimum spread of 0.6 pips.
5. Which broker has a stronger regulatory standing?
Both brokers are well-regulated. FOREX.com is authorized by seven Tier-1 regulators, including the FCA and CFTC. OANDA is authorized by six Tier-1 regulators, such as the FCA and CFTC.
