FXCM
Oanda
Our Rating
7.93
8.83
66% of retail investor accounts lose money when trading CFDs with this provider
76.6% of retail investor accounts lose money when trading CFDs

Regulations and Licenses

Feature
FXCM
Oanda
ASIC (Australia)
FCA (UK)
MAS (Singapore)
FSCA (South Africa)
CYSEC (Cyprus)
CIRO / IIROC (Canada)
FSC BVI (British Virgin Islands)

Brokerage

Feature
FXCM
Oanda
EUR/USD Avg. Raw Spread
0.30
-
GBP/USD Avg. Raw Spread
0.90
-
AUD/USD Avg. Raw Spread
0.40
-
EUR/USD Standard Spread
1.3
0.6
EUR/USD Fixed Spreads
-
GBP/USD Avg. Standard Spread
1.4
0.9
AUD/USD Avg. Standard Spread
1.7
0.7
Commissions (USD Base)
$3.00
-
Minimum Deposit
$300
$0
Swap Free Account
No Inactivity Fees
Funding Methods
8+
6+
No Funding Fees

Markets and Instruments

Feature
FXCM
Oanda
Currency Pairs
42+
70+
Cryptocurrency CFDs*
7+
4+
Index CFDs
13+
16+
Share CFDs
15+
-
Commodities CFD
12+
34+
Stockbroking
-
Retail Max Leverage (Australia)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
200:1
100:1
Retail Max. Leverage (The United Kingdom)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (The United Kingdom)
200:1
100:1
Retail Max. Leverage (Europe)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (Europe)
200:1
100:1
Retail Max. Leverage (UAE)
-
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (UAE)
-
100:1
Retail Max. Leverage (USA)
-
Major Pairs 50:1
Minor Pairs 33:1
Retail Max. Leverage (Singapore)
-
Major Pairs 20:1
Pro. Max. Leverage (Singapore)
-
100:1
Retail Max. Leverage (With offshore regulators)
Balance:
0-50k 200:1
50k+ 200:1
100:1
Professional Leverage
200:1
100:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools

Feature
FXCM
Oanda
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

FXCM
Oanda
Our Rating
7.93
8.83
 

FXCM vs OANDA: What We Think

FXCM vs OANDA Comparing FXCM and OANDA is like a heavyweight boxing match; these two powerhouses in the forex trading industry both have multiple tiers of regulation. After researching, comparing, and testing these two brokers, we give the win to FXCM 75/100 to 70/100.