Forex.com vs Oanda 2026: which is better?
We compared Forex.com and Oanda on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences.
Key differences
- Oanda holds 7 licences from strong regulators, against 5 for Forex.com.
- The minimum deposit at Oanda is $0, against $100 at Forex.com.
- Oanda offers copy trading; Forex.com does not.
Comparison table
| Comparison table |
Forex.com
Broker
|
Oanda
Broker
|
|---|---|---|
| Licences | FCA, ASIC, CFTC, NFA, MAS, CySEC, CIMA | FCA, ASIC, CFTC, NFA, CIRO, MAS, KNF, FSC (VG) Best |
| Minimum deposit | $100 | $0 Best |
| Maximum leverage | — | 1:888 |
| Trading platforms | MetaTrader 4, MetaTrader 5, TradingView, Web Trader, Mobile App, FOREX.com Platform | MetaTrader 4, MetaTrader 5, TradingView, Web Trader, Mobile App |
| Markets | Forex, Stocks, Commodities and Gold, Indices | Forex, Stocks, Cryptocurrencies, Commodities and Gold, Indices |
| Demo account | ✓ Yes | ✓ Yes |
| Copy trading | — | ✓ Yes |
| Founded | 2001 | 1996 |
| Headquarters | Warren, New Jersey, United States | — |
| Read the review | Read the review |
Data is for information only and may change; always check the official website before opening an account.
Add a third broker to the comparison
Choose Oanda if you
- want more licences from strong regulators
- want to start with less money
- want to copy other traders
Frequently asked questions
Which is better, Forex.com or Oanda?
We compared Forex.com and Oanda on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences. Oanda holds 7 licences from strong regulators, against 5 for Forex.com. The minimum deposit at Oanda is $0, against $100 at Forex.com. The best choice depends on your country and trading style, so check which licence your account will be opened under.
Are Forex.com and Oanda regulated?
Forex.com licences: FCA, CySEC, ASIC, CFTC, NFA, MAS, CIMA. Oanda licences: FCA, ASIC, CFTC, NFA, CIRO, MAS, KNF, FSC (VG).
What is the minimum deposit at Forex.com and Oanda?
Forex.com: $100. Oanda: $0.
Do Forex.com and Oanda offer an Islamic account?
Forex.com: No. Oanda: No.