FOREX.com vs OANDA 2021

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare FOREX.com vs OANDA.

Does FOREX.com or OANDA offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, FOREX.com offers better pricing overall for traders.

Is FOREX.com or OANDA safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. OANDA holds 6 global Tier-1 licenses, while FOREX.com holds 4. FOREX.com holds 1 global Tier-2 licenses, while OANDA holds 0. In our analysis of 23 international regulators across 50 brokers, FOREX.com earned a higher Trust Score than OANDA.

Which trading platform is better: FOREX.com or OANDA?
To compare the trading platforms of both FOREX.com and OANDA, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, FOREX.com offers a better experience. With research, OANDA offers superior market research. Finally, we found FOREX.com to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. While OANDA offers copy trading, FOREX.com does not. Both FOREX.com and OANDA offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
FOREX.com provides traders 91 currency pairs (e.g., EUR/USD) compared to OANDA's 71 available pairs. Forex pairs aside, FOREX.com offers traders access to 5500 CFDs while OANDA has 124 available CFDs, a difference of 5,376.

Can I trust FOREX.com?
FOREX.com is publicly traded, does not operate a bank, and is authorised by four tier-1 regulators (high trust), zero tier-2 regulators (average trust), and one tier-3 regulator (low trust). City Index is authorised by the following tier-1 regulators: Investment Industry Regulatory Organization of Canada (IIROC), Japanese Financial Services Authority (JFSA), Financial Conduct Authority (FCA), and the Commodity Futures Trading Commission (CFTC).

Can I trust OANDA?
OANDA is not publicly traded and does not operate a bank. OANDA is authorised by six tier-1 regulators (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). OANDA is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Investment Industry Regulatory Organization of Canada (IIROC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Financial Conduct Authority (FCA), and the Commodity Futures Trading Commission (CFTC).

Is FOREX.com good?
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.

Is OANDA good?
A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.