United States
United Kingdom
Germany
Netherlands
Australia
United Arab Emirates
Canada
Italy
Spain
Austria
Croatia
Serbia
Portugal
CyprusOANDA vs FXCM
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
Australia is the one country where we rank both for forex, and OANDA comes out ahead there.
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.
We haven't found a fee they both publish in a way we can compare fairly, so the table below just shows what each one charges.
Both hold top-tier (tier-1) licences: OANDA from CFTC / NFA, FCA, ASIC and CIRO, FXCM from FCA and ASIC.
- We list OANDA in 4 of the 14 countries we cover and FXCM in 9. They overlap in 1.Edge: FXCM
- Only OANDA supports MetaTrader 5.
- OANDA gets more search attention than FXCM (Market Signal 74 vs 49). 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 | FXCM |
|---|---|---|
| Australia | #2 of 1672/100Locally licensed OANDA Australia Pty Ltd · ASIC | #14 of 1655/100Locally licensed Stratos Trading Pty. Limited · ASIC |
| Austria | Not listed | #21 of 2854/100EU passport Stratos Europe Ltd · CySEC |
| Canada | #1 of 672/100Locally licensed OANDA (Canada) Corporation ULC · CIRO | Not listed |
| Croatia | Not listed | #19 of 2654/100EU passport Stratos Europe Ltd · CySEC |
| Cyprus | Not listed | #20 of 2854/100Locally licensed Stratos Europe Ltd · CySEC |
| Germany | Not listed | #22 of 2954/100EU passport Stratos Europe Ltd · CySEC |
| Italy | Not listed | #23 of 3154/100EU passport Stratos Europe Ltd · CySEC |
| Netherlands | Not listed | #21 of 2854/100EU passport Stratos Europe Ltd · CySEC |
| Portugal | Not listed | #21 of 2954/100EU passport Stratos Europe Ltd · CySEC |
| Spain | Not listed | #22 of 2954/100EU passport Stratos Europe Ltd · CySEC |
| United Kingdom | #5 of 1771/100Locally licensed OANDA Europe Limited · FCA | Not listed |
| United States | #1 of 472/100Locally licensed OANDA Corporation · CFTC / NFA | Not listed |
CFD brokers
| Country | OANDA | FXCM |
|---|---|---|
| Australia | #3 of 1872/100Locally licensed OANDA Australia Pty Ltd · ASIC | #16 of 1855/100Locally licensed Stratos Trading Pty. Limited · ASIC |
| Austria | Not listed | #23 of 3054/100EU passport Stratos Europe Ltd · CySEC |
| Canada | #1 of 572/100Locally licensed OANDA (Canada) Corporation ULC · CIRO | Not listed |
| Croatia | Not listed | #21 of 2854/100EU passport Stratos Europe Ltd · CySEC |
| Cyprus | Not listed | #22 of 3054/100Locally licensed Stratos Europe Ltd · CySEC |
| Germany | Not listed | #24 of 3154/100EU passport Stratos Europe Ltd · CySEC |
| Italy | Not listed | #25 of 3354/100EU passport Stratos Europe Ltd · CySEC |
| Netherlands | Not listed | #23 of 3054/100EU passport Stratos Europe Ltd · CySEC |
| Portugal | Not listed | #23 of 3154/100EU passport Stratos Europe Ltd · CySEC |
| Spain | Not listed | #24 of 3154/100EU passport Stratos Europe Ltd · CySEC |
| United Kingdom | #6 of 1871/100Locally licensed OANDA Europe Limited · FCA | Not listed |
Fees and features side by side
| OANDA | FXCM | |
|---|---|---|
| Products | Forex, CFDs | Forex, CFDs |
| Owner | FTMO (acquired OANDA Global Corporation from CVC, Dec 2025) | Stratos Group |
| EUR/USD all-in cost | 0.6 pips, spread-only (EUR/USD from 0.6 pips, no commission); UK site | Not verified yet |
| Inactivity fee | $20/month | $50 after 12 months with no trading (50 units of the account currency, EU) |
| Withdrawal fee | Not verified yet | Up to $25 |
| Minimum deposit | $0 (OANDA Corporation) | A$50 (Stratos Trading Pty. Limited) |
| Instruments | 1,700+ | Not verified yet |
| Platforms | OANDA web platform, OANDA mobile app, TradingView, MT4, MT5 | Trading Station, MetaTrader 4, TradingView |
| Deposit methods | Debit card, Bank wire transfer, ACH | Debit/credit card, Fast Bank Wire, Neteller, Skrill |
| Withdrawal time (stated) | bank wire: 1–2 business days in the US, up to 5 internationally | processed in 1–2 business days |
| Demo account | Yes | Yes |
| Support | Not verified yet | live chat · 24/5 |
Every figure comes from the broker's own pages or its regulator. You'll find the sources in each review (OANDA, FXCM).
Licences
OANDA vs FXCM: common questions
Which is better, OANDA or FXCM?
Australia is the one country where we rank both for forex, and OANDA comes out ahead there. For reference, OANDA's best ranking is #1 of 6 forex brokers in Canada, and FXCM's best ranking is #14 of 16 forex brokers in Australia.
Is OANDA cheaper than FXCM?
We haven't been able to compare their fees like for like yet. The fees table on this page shows what each one publishes.
Is OANDA or FXCM better regulated?
Both hold top-tier (tier-1) licences: OANDA from CFTC / NFA, FCA, ASIC and CIRO, FXCM from FCA and ASIC. 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 FXCM where I live?
We list OANDA in 4 of the 14 countries we cover and FXCM in 9. They overlap in 1. For forex, you'll find both on our lists in Australia.