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Oanda vs Forex.com

While Oanda and Forex.com are very similar in that they are both forex/CFD brokers, the two can differ greatly when it comes to the details.

Forex.com has much higher fees than Oanda and its desktop platform is mediocre. Fees are especially high for CFDs trades, not so much forex. Forex.com's parent company is listed on a stock exchange, which is a good sign for its safety.

Oanda vs Forex.com
  Oanda Forex.com
Overall score 4.6 4.5
Summary Oanda is a US forex broker. It is regulated by top-tier authorities such as the UK's FCA and Australia's ASIC. Forex.com is a global forex and CFD broker regulated by many financial authorities including the top-tier UK FCA. Its parent company, StoneX Group Inc., is listed on the NASDAQ Stock Exchange.
Recommended for Forex traders who value a user-friendly platform and great research tools Forex traders looking for low fees and great research tools
Fees score 4.2 stars 3.9 stars
Account opening score 4.2 stars 4.4 stars
Deposit and withdrawal score 4.2 stars 4.3 stars
Web platform score 4.5 stars 4.3 stars
Mobile platform score 5.0 stars 4.3 stars
Desktop platform score 4.5 stars 3.0 stars
Markets and products score 1.8 stars 2.0 stars
Research score 4.5 stars 4.3 stars
Customer service score 4.5 stars 3.9 stars
Education score 4.8 stars 4.5 stars

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78.3% of retail CFD accounts lose money

Pros to Oanda and Forex.com

  • Great selection and quality of research tools

Cons to Oanda and Forex.com

  • Product portfolio limited to FX and CFDs

 

Back to Oanda alternatives

Back to Oanda review for 2022

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Author of this article

Bence András Rózsa

Author of this article

Bence András Rózsa is an experienced broker analyst. Having an MSc in international economy and finance, he focuses on equities, cryptos and newcomer financial services. He also has 2+ years of experience within the brokerage industry specializing in stock- and CFD/forex brokers, crypto providers and robo-advisors.

Bence András Rózsa

Broker Analyst

Bence András Rózsa is an experienced broker analyst. Having an MSc in international economy and finance, he focuses on equities, cryptos and newcomer financial services. He also has 2+ years of experience within the brokerage industry specializing in stock- and CFD/forex brokers, crypto providers and robo-advisors.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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