Differentiate OANDA Vs. FOREX.com for Trading Services, Features & Charges

OANDA

OANDA provides internet-based brokerage service to both institutional and retail customers. OANDA is a market maker and has vast currency databases in the world. The product portfolio of OANDA contains Forex, Index, Commodities, and Bond CFDs along with precious metals.

OANDA Trading Platform

FOREX.com

FOREX.com is one of the leading brokerage firms and its specialty is the currency market. It allows you to trade in more than 180 foreign currencies, stocks, commodities, forex pairs, and cryptocurrencies. The firm was established in 1999 and has a license of various regulatory authorities situated in countries like the UK, US, Canada, Australia, and Japan.

Broker Comparison

 

OANDA

FOREX.com

Features

  • Regulated by the Finance Conduct Authority, ASIC, IIROC, MAS and NFA
  • Providing Forex trading services since 2011
  • Headquarter: London, UK
  • Regulated by the Financial Conduct Authority
  • Providing trading services in Forex, Commodities, and Indices since 1999
  • Headquarter: New Jersey, US

Trading Pairs

  • Spot Forex
  • Forex CFD
  • CFD
  • Indices
  • Energies
  • Metals
  • Agricultural
  • FTSE
  • Forex Currency Pairs: 71
  • Commodities Offered: 12
  • Dow Jones
  • Spot Forex
  • Forex CFD
  • CFD
  • Forex Currency Pairs: 80
  • Commodities Offered: 12
  • Stocks Offered: 220
  • Bitcoin
  • Majors
  • Indices
  • US Stocks
  • Energies
  • Metals
  • Agricultural
  • FTSE
  • Dow Jones
  • Dax
  • Nikkei
  • ETF
  • IPO

Trading Services

  • Scalping
  • Hedging
  • Expert Advisors (EAs)
  • Virtual Private Server
  • Direct Market Access
  • Minimum Deposit: $1
  • Scalping
  • Hedging Expert Advisors (EAs)
  • Direct Market Access
  • STP Broker
  • Market Maker
  • Minimum Deposit: $50

Trading Platforms

  • MT4
  • Web Trader
  • Mobile Apps (iOS, Android & Windows)
  • MT4
  • Web Trader
  • Mobile Apps (iOS, Android & Windows)

Charges

  • No inactivity fees
  • No commission
  • No deposit fees
  • Withdrawal fee varies
  • Average Spread EUR/USD – Standard -1.4 (as of Q3 2018)
  • Active Trader or VIP Discounts – 1.4 (as of Oct 19)
  • Inactivity fees $15 per month after 12 months of inactivity if the account has less than USD 10,000. For the accounts having more than $10,000, no inactivity fees are charged.
  • No charges for deposits
  • Withdrawals via cheques and ACH payments are free.
  • US Wire transfers under $10,000 are charged at $25 and all other wire transfers are charged at $40. For accounts having over $10,000 balance, wire transfers are free.

Both Platform Research

  • Professional Reports
  • Daily email with trading ideas
  • Social trading features: social feeds
  • Analysis from Delkos Research
  • Analysis from trading central (Recognia)
  • Autochartist
  • Trades Sentiment
  • Daily market commentary
  • News via Facebook
  • News via Twitter
  • Autochartist
  • Trades Sentiment
  • Daily market commentary
  • News via Facebook
  • News via Twitter

Supported Languages

  • English
  • Chinese
  • French
  • German
  • Japanese
  • Korean
  • Russian
  • Spanish
  • English
  • Chinese
  • Arabic

Deposit and Withdrawal Methods

  • Credit & Debit Card
  • Bank Transfer
  • Paypal
  • Payment processing time: 1-2 business days
  • Withdrawal processing time: 1-2 business days
  • Credit & Debit Card
  • Bank Transfer
  • Payment processing time varies
  • Withdrawal Processing time: 1-2 business days

Education

  • Education Portal
  • Webinars
  • Platform tutorial video
  • Video on trading for beginners
  • Video on trading for experts
  • Tutorial guide
  • Glossary
  • Education Center
  • Webinars
  • Platform tutorial video
  • Video on trading for beginners
  • Video on trading for experts
  • Tutorial guide
  • Glossary

Customer Support

  • Email Support
  • Phone Support
  • Live Chat
  • Email support
  • Phone support
  • Live chat
FOREX.com Trading Platform

Conclusion

OANDA & FOREX.com both are reputed brokerage firms offering a trading platform to trade in multiple assets. Both the firms are market makers and are regulated, hence are trustworthy. Both offer great customer support, trading tools, and comparable spreads. If you are new, you can prefer to trade on FOREX.com while OANDA is better for seasoned traders.