Scores, winners and data below compare these brokers as CFD/FX brokers (leveraged trading on forex, indices, commodities and crypto), using the data of FXCM's Cyprus entity and Oanda's Poland entity. Scores, winners and data below compare these brokers as stock brokers (real shares and ETFs you own outright), using the data of FXCM's Cyprus entity and Oanda's Poland entity.
FXCM
66% of retail investor accounts lose money when trading CFDs with this provider.
Oanda
76.6% of retail investor accounts lose money when trading CFDs with this provider.
Best for
What we compare A comparison of the kinds of traders FXCM and Oanda are best suited to, based on what each one actually offers in .FXCM is better than Oanda for high-volume traders. Oanda, on the other hand, is better for long-term investors, professional traders and futures traders. Both are a good fit for scalpers, swing traders and news traders.
| Overall score | FXCM 85 Best not offered | Oanda 82 -3 77 |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise FXCM and the ones that supervise Oanda.FXCM and Oanda are both regulated by top-tier authorities, FXCM by CySEC, ASIC (Australia) and the FCA (United Kingdom) and Oanda by KNF, ASIC (Australia) and the CFTC (United States).
| Section score | FXCM 100 not offered | Oanda 100 100 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | CySEC (Cyprus) | KNF (Poland) |
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that FXCM and Oanda have in place to protect your money in .Both FXCM and Oanda offer segregated client funds and an investor compensation scheme.
| Section score | FXCM 79 not offered | Oanda 79 79 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 1999 | 1996 |
| Parent company i | Jefferies Financial Group | OANDA Group |
| CEO i | Brendan Callan | Gavin Bambury |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | N/A | mBank |
| Brand power | ||
| Number of customers worldwide i | ||
| Annual revenue i | USD 16,900,000 | |
| Monthly website search traffic i | 383.6K monthly visits | |
Costs
What we compare A comparison of what it costs to trade with FXCM and with Oanda in , both on each trade and on holding the account.Oanda is better than FXCM for CFD/FX costs, given that Oanda is cheaper on EUR/USD, at 5.85 USD per lot (against FXCM's 10.98 USD), and charges lower US stock CFD fees, at 0.06 USD (against FXCM's 0.23 USD). Neither FXCM nor Oanda charges account maintenance fees or deposit fees.
Only Oanda can be assessed for real stock costs, since FXCM is a CFD broker and does not offer real stocks.
| Section score | FXCM 55 -17 not offered | Oanda 72 Best 67 |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | USD 11.59About this value. This is the forex commission per lot at Stratos Europe Limited (CySEC). At FXCM's other companies: USD 8 (other accepted countries), USD 5 (the UK), Free (Australia). | FreeAbout this value. This is the forex commission per lot at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: Free (Canada, the UK, other accepted countries, Japan), USD 3 (Australia). |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | USD 10.975 | USD 5.85 |
| S&P 500 fees (CFD) i | 0.6 points | 0.7 points |
| Gold fees (CFD) i | 0.3 points | 0.56 points |
| Bitcoin fees (CFD) i | USD 30 | USD 62.1 |
| US stocks fees (CFD) i | USD 0.23 | USD 0.06 |
| Fees on stocks | ||
| Stock fee type i | Spread | Percentage, Free |
| US stocks fees (real) i | Free | |
| ETF fees (real) i | USD 2 | |
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | ||
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | ||
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with FXCM and with Oanda in , and of how many instruments each one gives access to.Oanda is better than FXCM for CFD/FX markets, as Oanda lets you own stocks and ETFs outright, which FXCM does not, and offers futures on crypto and forex, which FXCM does not. Both FXCM and Oanda offer CFDs on commodities, crypto, forex, indices and stocks.
There is no like-for-like comparison for real stock markets, as FXCM is a CFD broker and does not offer real stocks.
| Section score | FXCM 75 -25 not offered | Oanda 100 Best 60 |
|---|---|---|
| Total tradable symbols i | 2,800 | 1,500 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, Forex, Indices, Stocks | Commodities, Crypto, Forex, Indices, Stocks |
| Futures i | Crypto, Forex | |
| Options i | ||
| Assets you can own i | Stocks, ETF |
Platform
What we compare A comparison of the trading platforms that FXCM and Oanda make available to their clients in .FXCM is better than Oanda for platforms, because FXCM offers social trading, copy trading and ZuluTrade, which Oanda does not. FXCM and Oanda both offer a proprietary platform and MetaTrader 4.
Oanda and FXCM cannot be set side by side for platforms, as FXCM is a CFD broker and does not offer real stocks, unlike Oanda.
| Section score | FXCM 94 Best not offered | Oanda 91 -3 91 |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of FXCM and Oanda in , and of what each one lets you do from your phone.FXCM is better than Oanda for mobile trading, given that FXCM offers a social trading app, a copy trading app and mobile trading signals, which Oanda does not. FXCM and Oanda both offer a proprietary mobile app and the MetaTrader 4 app.
Oanda and FXCM cannot be compared for mobile trading, because Oanda is a broker offering both CFDs and stocks while FXCM is a CFD broker.
| Section score | FXCM 100 Best not offered | Oanda 86 -14 86 |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that FXCM and Oanda allow on their platforms in .FXCM is better than Oanda for CFD/FX trading features, since FXCM offers guaranteed stop losses, which Oanda does not. Both FXCM and Oanda offer negative balance protection and trailing stops.
Only Oanda can be assessed for real stock trading features, since FXCM is a CFD broker and does not offer real stocks.
| Section score | FXCM 96 Best not offered | Oanda 83 -13 77 |
|---|---|---|
| Trade execution | ||
| Broker type i | Agency | Agency |
| Average execution time i | 17 ms | |
| Slippage occurrence i | 14.64% | |
| Requotes occurrence i | ||
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1About this value. This is the major fx pairs leverage at Stratos Europe Limited (CySEC). At FXCM's other companies: 1000:1 (other accepted countries), 30:1 (the UK, Australia). | 30:1About this value. This is the major fx pairs leverage at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: 50:1 (Canada), 30:1 (Australia, the UK), 888:1 (other accepted countries), 25:1 (Japan). |
| Minor/Exotic FX pairs leverage i | 20:1About this value. This is the minor/exotic fx pairs leverage at Stratos Europe Limited (CySEC). At FXCM's other companies: 1000:1 (other accepted countries), 20:1 (the UK, Australia). | 20:1About this value. This is the minor/exotic fx pairs leverage at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: 33:1 (Canada), 20:1 (Australia, the UK), 888:1 (other accepted countries), 25:1 (Japan). |
| Major indices leverage i | 20:1About this value. This is the major indices leverage at Stratos Europe Limited (CySEC). At FXCM's other companies: 1000:1 (other accepted countries), 20:1 (the UK, Australia). | 20:1About this value. This is the major indices leverage at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: 10:1 (Canada, Japan), 20:1 (Australia, the UK), 888:1 (other accepted countries). |
| Minor indices leverage i | 10:1About this value. This is the minor indices leverage at Stratos Europe Limited (CySEC). At FXCM's other companies: 1000:1 (other accepted countries), 10:1 (the UK, Australia). | 10:1About this value. This is the minor indices leverage at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: 10:1 (Canada, Australia, the UK, Japan), 200:1 (other accepted countries). |
| Gold leverage i | 20:1About this value. This is the gold leverage at Stratos Europe Limited (CySEC). At FXCM's other companies: 1000:1 (other accepted countries), 20:1 (the UK, Australia). | 20:1About this value. This is the gold leverage at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: 5:1 (Canada), 20:1 (Australia, the UK, Japan), 888:1 (other accepted countries). |
| Commodities leverage i | 10:1About this value. This is the commodities leverage at Stratos Europe Limited (CySEC). At FXCM's other companies: 1000:1 (other accepted countries), 10:1 (the UK, Australia). | 10:1About this value. This is the commodities leverage at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: 17:1 (Canada), 10:1 (Australia, the UK), 100:1 (other accepted countries), 20:1 (Japan). |
| Equities leverage i | 5:1About this value. This is the equities leverage at Stratos Europe Limited (CySEC). At FXCM's other companies: 20:1 (other accepted countries), 5:1 (the UK, Australia). | 5:1About this value. This is the equities leverage at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: 5:1 (Australia, the UK), 20:1 (other accepted countries). |
| Cryptocurrency leverage i | 2:1About this value. This is the cryptocurrency leverage at Stratos Europe Limited (CySEC). At FXCM's other companies: 400:1 (other accepted countries), 2:1 (Australia). | 2:1About this value. This is the cryptocurrency leverage at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: 2:1 (Australia), 10:1 (other accepted countries). |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | USD 0 | USD 0 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at FXCM and at Oanda in , and of who each one is meant for.FXCM is better than Oanda for CFD/FX account types, since FXCM offers an Islamic account, a copy trading account and a micro account, which Oanda does not. FXCM and Oanda both offer a demo account and an unlimited demo account.
Only Oanda can be assessed for real stock account types, since FXCM is a CFD broker and does not offer real stocks.
| Section score | FXCM 57 Best not offered | Oanda 53 -4 50 |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with FXCM and with Oanda in .FXCM is better than Oanda for account opening, as FXCM offers 5 account base currencies (against Oanda's 1), supports e-wallets, which Oanda does not, and credits deposits faster, within 1 day (against Oanda's 2 days). That said, Oanda asks for no minimum deposit at all (against FXCM's 50 USD).
Only Oanda can be assessed for account opening, since FXCM is a CFD broker and does not offer real stocks.
| Section score | FXCM 82 Best not offered | Oanda 65 -17 65 |
|---|---|---|
| Minimum deposit i | USD 50About this value. This is the minimum deposit at Stratos Europe Limited (CySEC). At FXCM's other companies: USD 50 (other accepted countries, the UK), USD 0 (Australia). | USD 0 |
| Minimum withdrawal i | USD 0 | USD 0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | PayPal, Neteller, SkrillAbout this value. This is the ewallets at Stratos Europe Limited (CySEC). It is different at FXCM's companies in other accepted countries. | |
| Local payment methods i | ||
| Account base currencies i | AUD, CHF, EUR, GBP, USDAbout this value. This is the account base currencies at Stratos Europe Limited (CySEC). It is different at FXCM's companies in Australia. | USDAbout this value. This is the account base currencies at OANDA TMS Brokers S.A. (KNF). It is different at Oanda's companies in Australia. |
| Deposit waiting time i | up to 1 business days | up to 2 business days |
| Withdrawal waiting time i | up to 2 business days | up to 2 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of FXCM and Oanda in , in how it can be reached and how fast it answers.FXCM is better than Oanda for customer care, since FXCM offers customer support in 13 languages (against Oanda's 5), and has a website in 13 languages (against Oanda's 7). Both FXCM and Oanda offer phone support and live chat.
FXCM does not offer real stocks, being a CFD broker, so Oanda and FXCM cannot be compared for customer care.
| Section score | FXCM 67 Best not offered | Oanda 46 -21 46 |
|---|---|---|
| Number of languages supported i | 13 | 7 |
| Website languages i | Arabic, German, Greek, English, French, Hebrew, Indonesian, Malay, Portuguese, Spanish, Tagalog, Vietnamese, Chinese | German, English, French, Italian, Russian, Spanish, Chinese |
| Website available in English i | ||
| Customer support languages i | Arabic, German, Greek, English, French, Hebrew, Indonesian, Malay, Portuguese, Spanish, Tagalog, Vietnamese, Chinese | German, English, Russian, Spanish, Chinese |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that FXCM and Oanda provide to their clients in .FXCM is better than Oanda for learning, because FXCM offers professional reports and daily market commentary, which Oanda does not. FXCM and Oanda both offer education for advanced traders and webinars.
FXCM does not offer real stocks, being a CFD broker, so Oanda and FXCM cannot be compared for learning.
| Section score | FXCM 100 Best not offered | Oanda 80 -20 80 |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
FXCM vs Oanda: which one should you choose?
FXCM
CFD/FX Choose FXCM if you want a CFD and forex broker with a wide choice of markets, fast execution and islamic accounts.
Open Account 66% of retail investor accounts lose money when trading CFDs with this provider.
Oanda
CFD/FX Choose Oanda if you want an online CFD broker with low trading costs and MetaTrader 5.
Stocks Choose Oanda if you want a broker for securities investing with commission-free US stocks and retirement accounts.
Open Account 76.6% of retail investor accounts lose money when trading CFDs with this provider.Other popular comparisons
Below are other head-to-head comparisons that include FXCM or Oanda, each scored with the same data and method as this page.
