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FOREX.com vs OANDA 2026
A detailed head-to-head comparison of FOREX.com and OANDA across regulation, trading costs, platforms, and more.
Score Breakdown
Category-by-Category Winner
Detailed Comparison
Overview
Trading Costs
Platforms & Features
Instruments
FOREX.com vs OANDA: Our Analysis
Overall Verdict
With an overall score of 79.6/100 vs 78.7/100, OANDA is nearly identical to FOREX.com by 0.9 points. Both brokers are closely matched, so your choice should come down to specific features that matter most to you.
Trading Costs
On the EUR/USD pair, FOREX.com offers an average spread of 1.30 pips with a $5.00 round-turn commission, while OANDA comes in at 1.40 pips commission-free. FOREX.com offers tighter pricing on EUR/USD. Minimum deposit is $100 at FOREX.com and $0 at OANDA.
Regulation & Safety
FOREX.com holds 4 regulatory licenses with a highest tier of Tier 1 (CFTC/NFA, FCA, ASIC), while OANDA has 6 licenses at Tier 1 (FCA, CFTC/NFA, ASIC). OANDA has more regulatory licenses overall.
Platform Comparison
FOREX.com offers MT4, MT5, TradingView, FOREX.com Advanced Platform — uniquely offering FOREX.com Advanced Platform which OANDA does not have. OANDA supports MT4, MT5, TradingView, OANDA Trade, with exclusive access to OANDA Trade. Both brokers offer a comparable range of platforms.
Who Should Choose Which?
FOREX.com suits cost-conscious traders, beginners seeking education, traders who want advanced tools, traders wanting a wide instrument range, while OANDA is better for traders who prioritize safety. Both brokers offer demo accounts, so you can test each before committing real funds.
Frequently Asked Questions
Based on our testing, OANDA scores higher overall at 79.6/100 compared to FOREX.com's 78.7/100. However, "better" depends on your priorities — FOREX.com may be superior in specific categories like trading costs.
FOREX.com offers tighter spreads with an average EUR/USD spread of 1.30 pips, compared to 1.40 pips at OANDA. Check our detailed comparison table above for GBP/USD and USD/JPY spreads as well.
OANDA scores higher for regulation and trust at 95/100, holding licenses from FCA, CFTC/NFA, ASIC. FOREX.com scores 92/100 with CFTC/NFA, FCA, ASIC.
For beginners, FOREX.com is the stronger choice with an education and research score of 82/100. It offers structured trading courses, webinars, and a free demo account. OANDA scores 80/100 for education.
Yes, there is no restriction on having accounts with both FOREX.com and OANDA simultaneously. Many experienced traders maintain accounts with multiple brokers to take advantage of each broker's strengths — for example, using one for its lower spreads on majors and another for its wider instrument range or better platform features.
Reviewed by
Neil CNeil C is a financial markets analyst and forex trading specialist with over 10 years of experience evaluating broker platforms, trading conditions, and regulatory frameworks. He has personally tested accounts with dozens of brokers and brings a data-driven methodology to every review.
Last updated: April 2026