Intro
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 | Forex.com | |
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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 |
Visit Oanda
78.3% of retail CFD accounts lose money
Pros to Oanda and Forex.com
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Great selection and quality of research tools
Cons to Oanda and Forex.com
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Product portfolio limited to FX and CFDs
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