After assessing forex brokers on nearly 100 different variables, FOREX.com is better than OANDA. FOREX.com has plenty of options for Forex and CFD traders across its regulated offerings globally. With full-feature platforms, diverse trading tools, and comprehensive research, FOREX.com caters to traders of all experience levels.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

After spending several months and hundreds of hours researching 28 different forex brokers for trading FX, our team at ForexBrokers.com team collected over 2,200 data points. For this review, we will compare FOREX.com vs OANDA.

To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. FOREX.com received a rating of 4.50 stars over OANDAs 4.00 stars.

Commissions and fees aside, lets take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. FOREX.com and OANDA both are regulated in a major hub. FOREX.com is a publicly traded company, while OANDA is not. As far as how many currency pairs are available for trading, heres the answer. FOREX.com offers its clients access to 84 different currency pairs while OANDA has 71 available pairs, a difference of 13.

Next, lets look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Both FOREX.com and OANDA offer Meta Trader. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. OANDA boasts an offering of 31 charting tools compared to FOREX.coms 22 available charting tools. FOREX.com offers its clients access to 139 different indicators (for example, volume) while OANDA has 51 available indicators, a difference of 88.

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

OANDA – CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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