Compare Forex.com vs Oanda


Online brokers compared for fees, trading platforms, safety and more. See how Forex.com stacks up against Oanda!

Forex.com vs Oanda
overall rating
4.5
4.6
overall pros
  • Low forex fees
  • Great variety of currency pairs
  • Diverse technical research tools
  • Generally low fees
  • Easy-to-use web trading platform
  • Easy and digital account opening
overall cons
  • Limited product portfolio
  • High stock CFD fees
  • Non-user-friendly desktop platform
  • Only FX and some CFDs
  • Poor customer service
  • High bank withdrawal fee
fees
4.1
  • Low forex fees
  • No withdrawal fee
  • Low stock index CFD fees
  • Inactivity fee
  • High stock CFD fees
4.5
  • Low trading fees
  • Low forex fees
  • No withdrawal fee
  • No withdrawal fee in most cases
  • High withdrawal fee for bank transfers
account opening
4.4
  • Fully digital
  • Low minimum deposit
  • User-friendly
  • Relatively slow account verification
4.4
  • Fully digital
  • No minimum deposit
  • Low minimum deposit
  • Issues with ID verification can slow account opening
deposit and withdrawal
4.3
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Problem with credit card withdrawal
4.2
  • Credit/Debit card available
  • No deposit fee
  • Withdrawal is free for PayPal and for the first debit card transaction each month
  • High withdrawal fee for bank transfers
web trading platform
4.3
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • No price alerts
mobile trading platform
4.3
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
  • No Touch/Face ID login
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No Touch/Face ID login
desktop trading platform
3.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • No two-step (safer) login
  • Outdated design
3.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No price alerts
markets and products
1.9
  • Forex
  • CFD
  • Crypto
1.5
  • Forex
  • CFD
research
4.3
  • Good interactive chart
  • Trading ideas
  • High-quality market reports
  • No fundamental data available
4.8
  • Good interactive chart
  • Quality news flow
  • User-friendly
  • Great API
  • Research tools are poorly organized
customer service
3.9
  • Live chat
  • Great telephone support
  • 24-hour support Sunday to Friday
  • No 24/7 support
  • Slow email support
3.4
  • Phone support
  • Live chat
  • No 24/7 support
  • Speed could be improved
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No webinars
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Materials are not well-organized
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Parent company listed on stock exchange
  • Majority of clients belong to a top-tier financial authority
  • Negative balance protection
  • Financial information is publicly available
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Forex traders looking for low fees and great research tools Forex traders who value a user-friendly platform and great research tools
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