Trading CFDs carries a high risk of losing money rapidly. Confirm this broker's current loss-rate disclosure and regulated entity before opening an account. Read the full risk disclosure.
Forex.com vs OANDA
A field-by-field comparison based on the current BrokaBoy catalogue. Check current pricing and the regulated entity on each broker's website before deciding.
Some figures on this page are taken from broker-published information and have not yet been checked against current terms. Confirm details on the broker's website.
Last updated: 4 September 2026 · Reviewed by BrokaBoy Research Team
| Field | Forex.com | OANDA |
|---|---|---|
| BrokaBoy score | 9.1/10 | 9.0/10 |
| Trustpilot rating | Trustpilot 4.6 (2,481 reviews) | Trustpilot 3.5 (1,235 reviews) |
| Listed minimum deposit | $100 | $0 |
| Advertised spread from | 0.0 pips | 0.0 pips |
| Advertised maximum leverage | 1:200 | 1:50 (entity dependent) |
| Regulators | ASIC, FCA, NFA | FCA, NFA, ASIC, MAS |
| Platforms | MetaTrader 4, MetaTrader 5, Web Trader, TradingView | OANDA Trade, MetaTrader 4, TradingView |
| Instruments | Forex, Indices, Commodities, Stocks, Crypto | Forex, CFDs, Indices, Commodities |
| Account types | Standard, Raw, Direct Market Access | Standard, Core Pricing |
| Founded | 2001 | 1996 |
| Spread type | Variable | Spread-only Standard pricing from 0.4 pips, or Core Pricing with tighter raw spreads. |
| Commission | Varies by account type | No commission on Standard; Core Pricing charges a per-million-traded commission. |
| Overnight / swap | Overnight swap charges apply on positions held past rollover. | Financing calculated and applied continuously rather than in one nightly block. |
| Withdrawals | Most withdrawal methods are free; third-party fees may apply. | No OANDA withdrawal fee on standard bank transfers; card and wire providers may charge separately. |
Key differences
- OANDA has a lower listed minimum deposit ($0 vs $100).
- Forex.com has the higher BrokaBoy score (9.1/10 vs 9.0/10).
- Both brokers hold licences with ASIC, FCA, NFA.
- Only Forex.com lists MetaTrader 5, Web Trader among its platforms.
- Only OANDA lists OANDA Trade among its platforms.
- Only Forex.com lists Stocks, Crypto among its instruments.
- Only OANDA lists CFDs among its instruments.
Which should you choose?
- Choose OANDA if a lower listed opening deposit is your priority.
- Choose Forex.com if you want the broader platform list shown in our catalogue (4 vs 3).
- Choose Forex.com if access to Stocks is essential, and confirm it is available under your entity.
- Choose OANDA if access to CFDs is essential, and confirm it is available under your entity.
- Choose the broker whose regulated entity covers your country and provides the protections you need; confirm this on the regulator's register.
Frequently asked questions
Which has the lower minimum deposit, Forex.com or OANDA?+
OANDA has the lower listed minimum deposit ($0 vs $100). Confirm current terms with each broker.
Are Forex.com and OANDA regulated by the same authorities?+
They share ASIC, FCA, NFA. Forex.com lists ASIC, FCA, NFA; OANDA lists FCA, NFA, ASIC, MAS in our catalogue.
Which has the higher BrokaBoy score?+
Forex.com scores 9.1/10 against 9.0/10. The score is calculated from advertised catalogue data and excludes Trustpilot ratings.
Do Forex.com and OANDA support the same platforms?+
Both list MetaTrader 4, TradingView. Forex.com lists more platforms overall.
