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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
4.3 / 5.0
4.2 / 5.0
overall pros
  • Low forex fees
  • Great variety of currency pairs
  • Superb technical research tools
  • Easy-to-use web trading platform
  • Easy and digital account opening
  • Powerful research tools
overall cons
  • Limited product portfolio
  • High stock CFD fees
  • Not user-friendly desktop trading platform
  • Only FX, and some CFDs
  • Poor customer service
  • Pricey withdrawal
fees
3 stars
  • No withdrawal fee
  • Low financing rate
  • Inactivity fee
3 stars
  • Low trading fees
  • Withdrawal fee
  • High financing rate
  • Financing rate calculation is non-transparent
account opening
4 stars
  • Fully digital
  • User-friendly
  • Many account types
  • Slow
4 stars
  • Fast
  • Fully digital
  • No minimum deposit
  • Sales team pushy
  • It can take up to 3 business days
deposit and withdrawal
4 stars
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Lengthy withdrawal - over 3 days
4 stars
  • Several account base currencies
  • User-friendly
  • First withdrawal is free for credit/debit cards and electronic wallets
  • High withdrawal fee
  • Slow withdrawal - over 3 days
web trading platform
4 stars
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
  • Bugs
5 stars
  • User-friendly
  • Good search function
  • Good customizability (for charts, workspace)
  • No price alerts
mobile trading platform
4 stars
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
4 stars
  • Two-step (safer) login
  • Price alerts
  • Poor design
desktop trading platform
3 stars
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Available in several languages
  • Not user-friendly
  • No two-step (safer) login
3 stars
  • User-friendly
  • Good customizability (for charts, workspace)
  • Two-step (safer) login
  • Not user-friendly
  • Poor search function
markets and products
1 stars
  • Forex
  • CFD
  • Crypto
1 stars
  • Forex
  • CFD
research
5 stars
  • Good interactive chart
  • Trading ideas
  • Quality news flow
4 stars
  • Good interactive chart
  • Good set of analytical tools
  • Great API offer
  • No trading ideas
  • No fundamental data available
  • Research tool are not at one place
customer service
5 stars
  • Phone support
  • Live chat
  • Fast response time
  • Low-quality email support
3 stars
  • Live chat
  • Available from Sunday to Friday
  • Slow support
  • Irrelevant answers
education
5 stars
  • Demo account
  • Trading platform tutorial
  • Educational videos
4 stars
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Videos can be better organized
  • Regulated by top tier financial authority
  • High level of investor protection
  • Parent company listed on stock exchange
  • Regulated by top tier financial authority
  • High level of investor protection
  • Negative balance protection
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Forex traders looking for great research tools and customer service Forex traders that prefer a user-friendly platform and great research tools