Compare FXCM vs Oanda


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

FXCM vs Oanda
overall rating
4.2
4.6
overall pros
  • Fast and straightforward account opening
  • Good technical research tools
  • High quality educational content
  • Generally low fees
  • Easy-to-use web trading platform
  • Easy and digital account opening
overall cons
  • Limited product portfolio
  • Poor mobile platform
  • Poor website trading platform
  • Only FX and some CFDs
  • Poor customer service
  • High bank withdrawal fee
fees
4.0
  • Low trading fees
  • No withdrawal fee
  • High AUDUSD trading fee
4.0
  • Low trading fees
  • Low forex fees
  • No withdrawal fee
  • No withdrawal fee in most cases
  • High withdrawal fee for bank transfers
account opening
4.0
  • Fully digital
  • Low minimum deposit
  • User-friendly
  • Account opening time slower than at most forex brokers
4.0
  • Fully digital
  • No minimum deposit
  • Low minimum deposit
  • Issues with ID verification can slow account opening
deposit and withdrawal
4.0
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Slow withdrawal - over 3 days
4.0
  • 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
3.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • No two-step (safer) login
  • Poor search function
5.0
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • No price alerts
mobile trading platform
1.0
  • Good variety of order types
  • Order confirmation
  • Not user-friendly
  • No two-step (safer) login
  • Poor search function
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
  • No two-step (safer) login
  • No price alerts
4.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No price alerts
markets and products
1.0
  • Forex
  • CFD
  • Crypto
2.0
  • Forex
  • CFD
research
5.0
  • Good interactive chart
  • Trading ideas
  • Quality news flow
  • No fundamental data available
5.0
  • Good interactive chart
  • Quality news flow
  • User-friendly
  • Great API
  • Research tools are poorly organized
customer service
5.0
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
3.0
  • Phone support
  • Live chat
  • No 24/7 support
  • Speed could be improved
education
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Materials are not well-organized
  • Majority of clients belong to a top-tier financial authority
  • Banking background
  • Negative balance protection
  • 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 easy account opening, funding, and withdrawal Forex traders who value a user-friendly platform and great research tools
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