Updated September 29, 2026 · BrokerCue Editorial Team
FOREX.com vs OANDA
FOREX.com vs OANDA: the differences
| Compare |  FOREX.com |  OANDA |
|---|---|---|
| Minimum deposit | $100 | $0Lower |
| Markets | Forex, CFDs, Crypto | Stocks, ETFs, Forex, CFDs, Crypto, BondsCovers more |
| Regulators | FCA, NFA/CFTC, ASIC | FCA, CFTC |
| Retail accounts that lose money | 74% | 72% |
| EUR/USD spread | 1.2% | Not confirmed |
| Maximum retail leverage | Not confirmed | 1:30 |
Same on both: Investor protection (FSCS up to GBP 85,000).
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Key differences
- OANDA scores higher overall: 9.5 vs 9.1.
- Regulators: only FOREX.com offers NFA/CFTC, ASIC.
- Regulators: only OANDA offers CFTC.
- FOREX.com is licensed in 1 more country.
- Minimum deposit is lower at OANDA: $0 vs $100.
- Markets: only OANDA offers Stocks, ETFs, Bonds.
- Features: only FOREX.com offers Crypto.
Our verdict on each
FOREX.com
FOREX.com suits UK retail traders who want one commission-free account covering forex, CFDs and crypto under a named UK regulator. The trade-off is the price of entry: a $100 minimum deposit sits well above the €4.64 median across the brands compared here.
OANDA
OANDA fits traders who want to open an account without a minimum deposit and sit under regulators on both sides of the Atlantic. Its overall score is 8.4 with a cost score of 8.4, though the retail loss rate of 72% is a reminder that most balances do not survive the trading.
Score breakdown
| Area | FOREX.com | OANDA |
|---|---|---|
| Cost | 8.3Commission-free pricing with a 1.2% EUR/USD spread, though the $100 minimum deposit is steep against the €4.64 site median. | 9.7Higher |
| Offer | 8.8 | 9.3Higher |
| Trust | 9.8Higher | 9.5 |
What each covers
| Markets | FOREX.com | OANDA |
|---|---|---|
| Stocks | No | Yes |
| ETFs | No | Yes |
| Forex | Yes | Yes |
| CFDs | Yes | Yes |
| Crypto | Yes | Yes |
| Bonds | No | Yes |
Where these facts come from
FOREX.com
- compareforexbrokers.com: 8 facts, checked September 26, 2026
OANDA
- oanda.com: 4 facts, checked September 26, 2026
- brokersway.com: 3 facts, checked September 26, 2026
- tradingpedia.com: 3 facts, checked September 26, 2026
- en.wikipedia.org: 1 fact, checked September 26, 2026
How they place
| Ranking | FOREX.com | OANDA |
|---|---|---|
| Forex brokers | 48 of 147 | 20 of 147 |
| Low-spread forex brokers | 46 of 145 | 18 of 145 |
| CFD brokers | 39 of 122 | 16 of 122 |
Every fact side by side
| Fact | FOREX.com | OANDA |
|---|---|---|
| Features | Crypto, Demo account, Mobile appCovers more | Demo account, Mobile app |
| Pricing model | Commission free | Not confirmed |
| Legal entity | Not confirmed | OANDA TMS Brokers S.A. |
| Headquarters | Not confirmed | United States |
| Founded | Not confirmed | 1996 |
| Support channels | Not confirmed | Email, Phone |
Where each stands against the rest
| Fact | FOREX.com | OANDA | Median |
|---|---|---|---|
| Minimum deposit | $100above the median | $0below the median | $25 |
| Retail accounts that lose money | 74%above the median | 72%below the median | 72.05% |
| EUR/USD spread | 1.2%highest quarter | Not confirmed | 0.65% |
Median across 134 listed brokers.
Pros and cons
FOREX.com
Pros
- Commission-free pricing means the 1.2% EUR/USD spread is the cost you can actually see before you trade
- Regulated in the UK by the FCA, in the US by the NFA/CFTC and in Australia by the ASIC
- UK clients have investor protection of FSCS up to GBP 85,000 behind the firm
Cons
- The $100 minimum deposit sits above $0 at CFI and $5 at Vantage, so entry is the main hurdle
- Retail accounts lose money at 74%, above the 70.15% median for the brands compared here
- The range stops at forex, CFDs and crypto, without the shares, ETFs and futures that appear in stocks, etfs and forex
OANDA
Pros
- No minimum deposit: $0 means the account opens without putting money in first, and OANDA sits at the top of our minimum deposit ranking, ahead of Vantage and its $5.
- Regulated in Britain and the US: FCA and CFTC covers an FCA licence 542574 and a CFTC registration 0325821.
- UK balances sit under protection of FSCS up to GBP 85,000, which pays compensation if the firm cannot return the money.
Cons
- Support runs on email and phone only, which leaves anyone wanting a live chat desk looking at other brokers.
- A retail loss rate of 72% is no better than the site figure of 70.15%, so the risk sits at the sector norm.
- Retail leverage of 1:30 magnifies losses as quickly as gains, and a $0 entry point makes it easy to size positions too large.
Who each suits
FOREX.com
Who it suits
- UK retail traders who want one commission-free account across forex, CFDs and crypto
- Traders who want a demo account to size up the platform before funding the $100 deposit
- People who put weight on a named UK regulator and FSCS up to GBP 85,000
Who should look elsewhere
- Anyone starting with a small sum, since CFI takes $0 and Vantage $5 against a $100 entry here
- Share and ETF investors, because eToro's range runs to stocks, etfs and forex
OANDA
Who it suits
- Traders who want to open an account and start small: the minimum deposit of $0 removes the barrier to funding later.
- Anyone who checks regulators before depositing, since FCA and CFTC and protection of FSCS up to GBP 85,000 are both on record.
- Forex traders who also want shares, ETFs, CFDs, crypto and bonds under one roof: stocks, etfs and forex.
Who should look elsewhere
- Futures traders, who get a longer list at eToro, where stocks, etfs and forex adds futures to the stocks, etfs and forex on offer here.
- Traders who want nothing beyond shares, ETFs, forex, CFDs and crypto, since CFI's stocks, etfs and forex covers that core without the bonds.
Questions about each
FOREX.com
What does it cost to trade forex on FOREX.com?+
Pricing is commission-free, so the cost sits in the spread rather than a separate deal charge. The euro against the dollar carries a spread of 1.2%, and that figure is the one to watch if you trade often or in size. The commission-free model runs across the account, not on one pair alone.
How much do I need to deposit to open an account?+
The minimum deposit is $100. That is a clear step up from the €4.64 median across the brands compared here, and well above $0 at CFI and $5 at Vantage. Plan the funding before you open, because the threshold applies at the account level.
OANDA
What is the minimum deposit for an OANDA account?+
OANDA lists a minimum deposit of $0, so you can open an account without funding it and add money later. On our minimum deposit ranking that places OANDA at position 1 of 213 brands, well clear of the field. Vantage, by contrast, asks for $5 before trading starts.
How is my money protected if something goes wrong?+
UK clients sit under investor protection of FSCS up to GBP 85,000, the compensation paid if the firm cannot return the balance. The regulator behind that cover is named in FCA and CFTC, and the FCA licence number is 542574. US clients fall under the CFTC registration, 0325821, which is a separate arrangement.
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