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OANDA vs Forex.com

OANDA is a regulated forex broker with no minimum deposit. How does it compare to Forex.com? Read our comparison chart below.

 OANDA
 Visit SiteLearn More
 

OANDA

Forex.com

SPECIAL OFFER
Earn Cash Rebates of up to $17 per Million - Learn More

Read OANDA Review

SPECIAL OFFER
5% Cashback with New Account - Learn More

Read Forex.com Review

 

Benefits and Features

Stock Trading
No
Yes
Options Trading
No
 
Cryptocurrency TradingYes (0.25% fee, minimum fee of US$0.01) 
Minimum Deposit
$0
$100
Mutual Fund Trading
No
 
Commission Free ETFs
Not available
 
Live Chat Support
Yes
Yes
Penny Stocks
Not available
 
Broker Assisted Trades
Not available
 
Inactivity Fee
$10/month
 
Maintenance Fee
None
 
Online Platform
Yes
Yes
Banking
No
 
Mobile App
Yes
Yes
Desktop App
Yes (fxTrade)
 
Withdrawal Fee$20 for bank transfer (first withdrawal processed within calendar month) and $35 (additional withdrawals)
$0
Forex Trading
Yes
 
Futures Trading
No
 
Bond Trading
No
 
CFD Trading
Yes
Yes
Currency Trading
Yes
Yes
Customer ServiceLocal number +1 212 858 7690;
Toll-free number 1 877 OANDA FX (1 877 626 3239)
Sunday 4PM ET to Friday 6PM ET
 
Locations
Online only
 
Online Community
Yes
 
Seminars
Yes
 
Trading PlatformOANDA Web, OANDA Mobile, TradingVIew, MetaTrader4
MT4 and MT5
Virtual Trading
Yes
Yes
 

CreditDonkey® Reviews

 OANDA
SpreadStarStarStarStarEmpty StarStarStarStarEmpty StarEmpty Star
Mobile AppStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Customer ServiceStarStarStarStarStarStarStarStarEmpty StarEmpty Star
Ease of UseStarStarStarStarEmpty StarStarStarStarStarEmpty Star
EducationStarStarStarEmpty StarEmpty StarStarStarStarStarEmpty Star
Forex TradingStarStarStarStarHalf StarStarStarStarStarEmpty Star
Trading PlatformStarStarStarStarHalf StarStarStarStarStarHalf Star
TrustworthyStarStarStarStarStarStarStarStarStarStar
Pros & ConsPros:
  • $0 minimum
  • Exceptional customer service
  • User-friendly platform
Cons:
  • Only 1:50 leverage
  • Slow withdrawal processing
  • Incomprehensive educational videos
Pros:
  • Wide range of offerings
  • No withdrawal fee
  • Rebates for active traders
Cons:
  • Inactivity fees
  • No fundamental data
  • Slow email response
Bottom LineRegulated forex broker with no minimum deposit... Read full reviewTrusted global broker with a wide range of asset offerings... Read full review
 Visit SiteLearn More

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

OANDA: Information sourced from the published website as of 04/22/2024.

Forex.com: Information sourced from the published website as of 04/22/2024.

OANDA: OANDA Corporation is regulated by the CFTC/NFA. OANDA is a member Firm of the NFA (Member ID: 0325821). CFDs are not available to residents in the United States. OANDA CORPORATION IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS Trading in digital assets, including cryptocurrencies, is especially risky and is only for individuals with a high risk tolerance and the financial ability to sustain losses. OANDA Corporation is not party to any transactions in digital assets and does not custody digital assets on your behalf. All digital asset transactions occur on the Paxos Trust Company exchange. Any positions in digital assets are custodied solely with Paxos and held in an account in your name outside of OANDA Corporation. Digital assets held with Paxos are not protected by SIPC. Paxos is not an NFA member and is not subject to the NFA's regulatory oversight and examinations. Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks.

Which is Better: OANDA or Forex.com?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing OANDA or Robinhood.

In short: OANDA's spread and customer service are worth mentioning. In particular, the customer service is outstanding. Forex.com's education is notable.


Articles on OANDA

OANDA Review

OANDA is one of the leading forex and CFD trading providers. But what does it offer? Read on to discover how OANDA elevates your trading journey.

OANDA Spreads

OANDA is one of the world's top forex brokers. But does it have competitive spreads? Read on to find out.

OANDA Withdrawal

Trading is no fun if you can't withdraw your earnings. So how do you withdraw funds at OANDA? Read on to find out.

OANDA Minimum Deposit

OANDA is a suitable forex broker for traders of all levels. Wondering if it has a minimum deposit requirement? Read on to find out.

OANDA Approval Time

OANDA is one of the world's most reputable forex brokers. But how long does it take to get your account approved? Read on to find out.

OANDA vs FOREX.com

OANDA and FOREX.com are both highly regulated and trusted forex brokers. But one of them is a better option. Which one?

Articles on Forex.com

FOREX.com Review

FOREX.com is one of the leading forex brokers in the US. But is it the right broker for you? Read on to find out.

Which Do You Think is Best?





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About CreditDonkey
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