Oanda vs FXCM compared
Oanda
FXCM
Score:
4.6
/5Score:
4.4
/5Popularity: 8.9K
Popularity: 2.7K
Available in United States
Not available in United States
Updated: Dec 2023
Updated: Dec 2023
78.3% of retail CFD accounts lose money
72% of retail CFD accounts lose money
Key differences
- Markets and products score3.2/5
- Trading platform combined score4.7/5
- Fees score4.1/5
- Markets and products score1.8/5
- Trading platform combined score4.0/5
- Fees score4.3/5
Recommended for
- Beginners
- Equity
- Forex
- CFD
- Beginners
- Equity
- Forex
- CFD
Top 5 brokers
Stock
Forex
Based on your country, these brokers are great matches for you.
Fees
Fees score
Fees score
4.1
/54.3
/5US stock fee
US stock fee
$0.0
•
N/A
EURUSD spread
EURUSD spread
1.0
0.7
US stock index options
US stock index options
N/A
N/A
S&P 500 CFD spread
S&P 500 CFD spread
0.3
0.4
Withdrawal fee
Withdrawal fee
$0
•
$0
•
Deposit fee
Deposit fee
$0
•
$0
•
Inactivity fee
Inactivity fee
yes
yes
Safety
Top-tier regulators
Top-tier regulators
FCA in the UK, CIRO in Canada, and ASIC in Australia
FCA in the UK and ASIC in Australia
Foundation date
Foundation date
1996
1999
Investor protection
Investor protection
yes
•
yes
•
Deposit and Withdrawal
Minimum deposit
Minimum deposit
$0
•
$50
•
Credit/debit for deposit
Credit/debit for deposit
yes
yes
Credit/debit for withdrawal
Credit/debit for withdrawal
yes
yes
PayPal for deposit
PayPal for deposit
yes
no
Wise for deposit
Wise for deposit
yes
yes
Revolut for deposit
Revolut for deposit
yes
yes
Other electronic wallets
Other electronic wallets
yes
yes
Platform and Experience
Mobile platform score
Mobile platform score
4.9
/54.5
/5Web platform score
Web platform score
4.4
/53.3
/5Metatrader available
Metatrader available
yes
yes
Customer service score
Customer service score
5.0
/55.0
/5Account opening score
Account opening score
4.2
/54.2
/5Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
Oanda's service is on par with FXCM's and a comparison of their fees shows that Oanda's fees are similar to FXCM's.
Account opening takes about the same effort at Oanda compared to FXCM, deposit and withdrawal processes are about the same quality at Oanda, while customer service quality is similar to FXCM's.
Our experts rated the trading platform of Oanda as somewhat better than the platform of FXCM, found that clients have access to more markets and products with Oanda, while FXCM provides just about the same quality of research and education.