Intro
Oanda ranks better in most key areas than FXCM apart from education (but FXCM's advantage is rather slight here). Oanda's proprietary trading platform, fairer fees, and top-notch research tools are very stong arguments in its favor.
When it comes to account opening and product selection, the two brokers have the same quality of service.
Oanda | FXCM | |
---|---|---|
Overall score | 4.6 | 4.5 |
Summary | Oanda is a US forex broker. It is regulated by top-tier authorities like the UK FCA and Australia's ASIC. | FXCM is a UK-based broker offering forex and CFD trading. It is regulated by the FCA and Australia's ASIC. |
Recommended for | Forex traders who value a user-friendly platform and great research tools | Forex traders looking for easy account opening, funding and withdrawal |
Fees score | 4.2 stars | 4.2 stars |
Account opening score | 4.2 stars | 4.4 stars |
Deposit and withdrawal score | 4.2 stars | 4.0 stars |
Web platform score | 4.5 stars | 3.3 stars |
Mobile platform score | 5.0 stars | 4.5 stars |
Desktop platform score | 4.5 stars | 3.8 stars |
Markets and products score | 1.8 stars | 1.6 stars |
Research score | 4.5 stars | 4.3 stars |
Customer service score | 4.5 stars | 4.5 stars |
Education score | 4.8 stars | 5.0 stars |
Visit Oanda
78.3% of retail CFD accounts lose money
Pros of Oanda and FXCM
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Easy, straightforward account opening
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Great quality and selection of research tools
Cons of Oanda and FXCM
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Product portfolio limited to FX and CFDs
For more details on FXCM versus OANDA check out our comparison tool.
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