Head-to-head · 2026
FOREX.com vs OANDA
FOREX.com edges it overall with 4.5 versus 4.3, winning 3 of six categories. OANDA is cheaper to trade: its lowest-cost account works out at about $6.0 per round-turn lot of EUR/USD versus $7.0 at FOREX.com.
| Feature | FOREX.com | OANDA |
|---|---|---|
| Overall score | 4.5 | 4.3 |
| EUR/USD standard spread | 1.4 pips | 1.4 pips |
| Raw account | 0.0 + $7 | 0.1 + $5 |
| Cheapest cost per lot | $7.0 | $6.0 |
| Minimum deposit | $100 | $0 |
| Tier-1 regulators | CFTC, NFA, FCA, CIRO, ASIC | CFTC, NFA, FCA, ASIC, CIRO, MAS |
| All regulators | CFTC, NFA, FCA, CIRO, ASIC, CySEC, JFSA | CFTC, NFA, FCA, ASIC, CIRO, MAS, JFSA |
| Founded | 2001 | 1996 |
| Currency pairs | 80+ | 68+ |
| Max leverage | 1:50 majors (US) | 1:50 majors (US) |
| Platforms | FOREX.com Web, FOREX.com App, MT4, MT5, TradingView, NinjaTrader | OANDA Web, OANDA App, MT4, TradingView |
| Copy trading | No | No |
| Swap-free accounts | No | No |
| US clients | Yes | Yes |
Highlighted cells mark the better value where one is clearly better. Data checked October 2026.
Category by category
Costs: FOREX.com vs OANDA
OANDA is cheaper to trade: its lowest-cost account works out at about $6.0 per round-turn lot of EUR/USD versus $7.0 at FOREX.com. On its standard, commission-free account FOREX.com quotes around 1.4 pips on EUR/USD. On its standard, commission-free account OANDA quotes around 1.4 pips on EUR/USD. Both offer raw-spread pricing: FOREX.com at $7 and OANDA at $5 per round-turn lot.
Regulation and safety
FOREX.com is regulated by CFTC, NFA, FCA, CIRO, ASIC, CySEC, JFSA. OANDA is regulated by CFTC, NFA, FCA, ASIC, CIRO, MAS, JFSA. Both score the same for trust. Both are available in United States, United Kingdom, European Union, Canada, Australia and Most other countries.
Platforms
Both support MT4, TradingView. FOREX.com offers FOREX.com Web, FOREX.com App, MT4, MT5, TradingView, NinjaTrader; OANDA offers OANDA Web, OANDA App, MT4, TradingView.
Which should you choose?
Choose FOREX.com if…
- owned by StoneX, a NASDAQ-listed financial services group
- wide platform choice including MT5 and TradingView
- rAW pricing account for active traders
Choose OANDA if…
- no minimum deposit and flexible position sizing
- long track record and multiple tier-1 licences
- popular REST API for automated trading
Frequently asked questions
Is FOREX.com better than OANDA?
FOREX.com edges it overall with 4.5 versus 4.3, winning 3 of six categories. OANDA is cheaper to trade: its lowest-cost account works out at about $6.0 per round-turn lot of EUR/USD versus $7.0 at FOREX.com.
Which is safer, FOREX.com or OANDA?
Both score 4.8/5 for trust and regulation.
Which has the lower minimum deposit?
OANDA has the lower minimum at $0, compared with $100.
Do FOREX.com and OANDA both offer MetaTrader?
FOREX.com: MT4, MT5. OANDA: MT4.
Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly. Between roughly 60% and 89% of retail investor accounts lose money when trading CFDs, depending on the provider. Consider whether you understand how they work and can afford to lose your money. Read the full risk warning.