Forex.com vs OANDA
Can't decide between Forex.com and OANDA? We've put both brokers head-to-head. Compare their spreads, regulation, platforms, and fees below.
Last updated: May 10, 2026
Executive Summary
Forex.com and OANDA are both well-established forex brokers, but they serve different types of traders. Forex.com scores 97/100 in our TrustMetrics™ system, edging ahead of OANDA's 96/100.
On pricing, Forex.com offers tighter EUR/USD spreads (1.1 pips vs 1.2 pips). Forex.com supports Advanced Trading Platform, Web Trader, MT4, MT5, TradingView while OANDA offers OANDA Trade, MT4, TradingView, giving Forex.com an edge in platform diversity.
For regulation, Forex.com holds licenses from CFTC, FCA, ASIC, CIRO, FSA while OANDA is regulated by CFTC, FCA, ASIC, CIRO. Both brokers offer segregated client funds and are considered safe for retail trading.
The Verdicts
Most Trusted
Forex.com scores higher in our TrustMetrics system (97/100) compared to OANDA (96/100), making it the safer choice.
Lowest Spreads
Forex.com offers better pricing with an average EUR/USD spread of 1.1 pips, beating the 1.2 pip average of its competitor.
Best for Beginners
With a lower minimum deposit requirement of $0, OANDA is the more accessible option for new traders.
Detailed Comparison
| Feature | Forex.com | OANDA |
|---|---|---|
| Trust Score | 97/100 | 96/100 |
| Spreads From | 0.8 pips | 1.0 pips |
| Avg EUR/USD Spread | 1.1 pips | 1.2 pips |
| Commission | $0 | $0 |
| Execution Speed | 28ms | 30ms |
| Max Leverage | 1:50 | 1:50 |
| Minimum Deposit | $100 | $0 |
| Instruments | 5,500+ | 120+ |
| Account Types | Standard, RAW Pricing, MT4/MT5 | Standard, Advanced Trader, Premium |
| Platforms | Advanced Trading Platform, Web Trader, MT4, MT5, TradingView | OANDA Trade, MT4, TradingView |
| Top Regulators | CFTC, FCA, ASIC, CIRO, FSA | CFTC, FCA, ASIC, CIRO |
| Withdrawal Speed | 1-2 business days | 1-3 business days |
| Inactivity Fee | $15 per month (after 12 months) | $10 per month (after 12 months) |
| Customer Support | 24/5 Live Chat, Email, Phone | 24/5 Live Chat, Email |
Which Broker Should You Choose?
FChoose Forex.com if...
- ✓You want to trade directly from TradingView charts
- ✓You need access to a massive range of instruments
- ✓Maximum regulatory protection is your top priority
OChoose OANDA if...
- ✓You want to start with a very low minimum deposit
- ✓You want to trade directly from TradingView charts
- ✓Maximum regulatory protection is your top priority
Forex.com Pros & Cons
Pros
- ✓ Welcomes US traders with CFTC regulation
- ✓ Massive, publicly-traded parent company (StoneX)
- ✓ Excellent proprietary platform and TradingView integration
- ✓ Active Trader program offers significant cash rebates
Cons
- × Complex account structures and pricing models
- × High inactivity fees after 12 months
- × Stock CFDs not available in the US
OANDA Pros & Cons
Pros
- ✓ Accepts US clients and is heavily regulated globally
- ✓ No minimum deposit requirement
- ✓ Native TradingView integration
- ✓ Advanced charting and elite market analysis
Cons
- × Smaller product catalog compared to IG or CMC Markets
- × Spreads on the standard account are relatively high
- × No MT5 platform
The Bottom Line: Forex.com vs OANDA
- ✓ US Traders
- ✓ Institutional Backing
- ✓ Active Trader Rebates
- ✓ MT5
- ✓ Tighter EUR/USD spreads (1.1 pips)
- ✓ US Traders
- ✓ API Trading
- ✓ No Minimum Deposit
- ✓ TradingView
- ✓ No minimum deposit
Both brokers are featured in our top broker rankings. Your choice should depend on your specific trading style, preferred platform, and geographical location.
Frequently Asked Questions
Which is safer: Forex.com or OANDA?
Forex.com scores higher in our TrustMetrics system (97/100) compared to OANDA (96/100), making it the safer choice.
Who has lower spreads: Forex.com or OANDA?
Forex.com offers better pricing with an average EUR/USD spread of 1.1 pips, beating the 1.2 pip average of its competitor.
Which has a lower minimum deposit: Forex.com or OANDA?
With a lower minimum deposit requirement of $0, OANDA is the more accessible option for new traders.
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