United States
United Kingdom
Germany
Netherlands
Australia
United Arab Emirates
Canada
Italy
Spain
Austria
Croatia
Serbia
Portugal
CyprusOANDA vs FOREX.com
What each one charges, who licenses it, and how they rank against each other country by country.
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.
The short version
We rank both for forex in 3 countries, and OANDA comes out ahead in every one of them.
We score each country separately, based on the company that would actually hold your account there, so check your own country in the table below.
On the one fee we could check for both, OANDA is cheaper.
Both hold top-tier (tier-1) licences: OANDA from CFTC / NFA, FCA, ASIC and CIRO, FOREX.com from FCA, CIRO and CFTC / NFA.
- OANDA is cheaper for EUR/USD: 0.6 pips all-in, compared with 0.7 pips all-in at FOREX.com.Edge: OANDA
- We list OANDA in 4 of the 14 countries we cover and FOREX.com in 11. They overlap in 3.Edge: FOREX.com
- Only OANDA supports MetaTrader 5.
- OANDA gets more search attention than FOREX.com (Market Signal 74 vs 60). That tells you how well known it is, not how good it is.
Where you can use each one
Where each one ranks on our list in every country we cover, its Coinish Score there, and the company that would hold your account. If a broker isn't allowed to take clients from a country, it isn't on that country's list.
Forex brokers
| Country | OANDA | FOREX.com |
|---|---|---|
| Canada | #1 of 672/100Locally licensed OANDA (Canada) Corporation ULC · CIRO | #3 of 670/100Locally licensed GAIN Capital - FOREX.com Canada Limited · CIRO |
| United Kingdom | #5 of 1771/100Locally licensed OANDA Europe Limited · FCA | #8 of 1770/100Locally licensed StoneX Financial Ltd · FCA |
| United States | #1 of 472/100Locally licensed OANDA Corporation · CFTC / NFA | #2 of 470/100Locally licensed GAIN Capital Group LLC · CFTC / NFA |
| Australia | #2 of 1672/100Locally licensed OANDA Australia Pty Ltd · ASIC | Not listed |
| Austria | Not listed | #5 of 2868/100EU passport StoneX Europe Ltd · CySEC |
| Croatia | Not listed | #3 of 2668/100EU passport StoneX Europe Ltd · CySEC |
| Cyprus | Not listed | #3 of 2868/100Locally licensed StoneX Europe Ltd · CySEC |
| Germany | Not listed | #5 of 2968/100EU passport StoneX Europe Ltd · CySEC |
| Italy | Not listed | #5 of 3168/100EU passport StoneX Europe Ltd · CySEC |
| Netherlands | Not listed | #5 of 2868/100EU passport StoneX Europe Ltd · CySEC |
| Portugal | Not listed | #4 of 2968/100EU passport StoneX Europe Ltd · CySEC |
| Spain | Not listed | #5 of 2968/100EU passport StoneX Europe Ltd · CySEC |
CFD brokers
| Country | OANDA | FOREX.com |
|---|---|---|
| Canada | #1 of 572/100Locally licensed OANDA (Canada) Corporation ULC · CIRO | #3 of 570/100Locally licensed GAIN Capital - FOREX.com Canada Limited · CIRO |
| United Kingdom | #6 of 1871/100Locally licensed OANDA Europe Limited · FCA | #9 of 1870/100Locally licensed StoneX Financial Ltd · FCA |
| Australia | #3 of 1872/100Locally licensed OANDA Australia Pty Ltd · ASIC | Not listed |
| Austria | Not listed | #6 of 3068/100EU passport StoneX Europe Ltd · CySEC |
| Croatia | Not listed | #4 of 2868/100EU passport StoneX Europe Ltd · CySEC |
| Cyprus | Not listed | #4 of 3068/100Locally licensed StoneX Europe Ltd · CySEC |
| Germany | Not listed | #6 of 3168/100EU passport StoneX Europe Ltd · CySEC |
| Italy | Not listed | #6 of 3368/100EU passport StoneX Europe Ltd · CySEC |
| Netherlands | Not listed | #6 of 3068/100EU passport StoneX Europe Ltd · CySEC |
| Portugal | Not listed | #5 of 3168/100EU passport StoneX Europe Ltd · CySEC |
| Spain | Not listed | #6 of 3168/100EU passport StoneX Europe Ltd · CySEC |
Fees and features side by side
| OANDA | FOREX.com | |
|---|---|---|
| Products | Forex, CFDs | Forex, CFDs |
| Owner | FTMO (acquired OANDA Global Corporation from CVC, Dec 2025) | StoneX Group |
| EUR/USD all-in cost | 0.6 pips, spread-only (EUR/USD from 0.6 pips, no commission); UK site | 0.7 pips, Standard (commission-free) |
| Inactivity fee | $20/month | £12 per month after 12 months with no trading (UK) |
| Withdrawal fee | Not verified yet | None |
| Minimum deposit | $0 (OANDA Corporation) | £100 (StoneX Financial Ltd) |
| Instruments | 1,700+ | 2,000+ |
| Platforms | OANDA web platform, OANDA mobile app, TradingView, MT4, MT5 | FOREX.com app, MetaTrader 4, TradingView |
| Deposit methods | Debit card, Bank wire transfer, ACH | Credit/debit card (Visa, Mastercard), Wire transfer |
| Withdrawal time (stated) | bank wire: 1–2 business days in the US, up to 5 internationally | typically up to 1-2 business days |
| Demo account | Yes | Yes |
| Support | Not verified yet | email, phone |
Every figure comes from the broker's own pages or its regulator. You'll find the sources in each review (OANDA, FOREX.com).
Licences
OANDA
- OANDA Corporation: CFTC / NFA (Tier 1)
- OANDA Europe Limited: FCA (Tier 1)
- OANDA Australia Pty Ltd: ASIC (Tier 1)
- OANDA (Canada) Corporation ULC: CIRO (Tier 1)
- OANDA Global Markets Ltd: FSC BVI (Tier 3 (offshore))
FOREX.com
- StoneX Europe Ltd: CySEC (Tier 2)
- StoneX Financial Ltd: FCA (Tier 1)
- GAIN Capital - FOREX.com Canada Limited: CIRO (Tier 1)
- GAIN Capital Group LLC: CFTC / NFA (Tier 1)
OANDA vs FOREX.com: common questions
Which is better, OANDA or FOREX.com?
We rank both for forex in 3 countries, and OANDA comes out ahead in every one of them. For reference, OANDA's best ranking is #1 of 6 forex brokers in Canada, and FOREX.com's best ranking is #2 of 4 forex brokers in the United States.
Is OANDA cheaper than FOREX.com?
OANDA is cheaper for EUR/USD: 0.6 pips all-in, compared with 0.7 pips all-in at FOREX.com.
Is OANDA or FOREX.com better regulated?
Both hold top-tier (tier-1) licences: OANDA from CFTC / NFA, FCA, ASIC and CIRO, FOREX.com from FCA, CIRO and CFTC / NFA. Which company you actually sign up with depends on where you live; the country table on this page names it for each one.
Can I use both OANDA and FOREX.com where I live?
We list OANDA in 4 of the 14 countries we cover and FOREX.com in 11. They overlap in 3. For forex, you'll find both on our lists in Canada, United Kingdom and United States.