FXCM vs Oanda 2026: which is better?
We compared FXCM and Oanda on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences.
Key differences
- FXCM offers a swap-free Islamic account; Oanda does not.
- Oanda holds 7 licences from strong regulators, against 2 for FXCM.
- The minimum deposit at Oanda is $0, against $50 at FXCM.
- Oanda offers copy trading; FXCM does not.
- Oanda offers MetaTrader 5, which FXCM does not.
Comparison table
| Comparison table |
FXCM
Broker
|
Oanda
Broker
|
|---|---|---|
| Licences | FCA, ASIC, CySEC, FSCA, ISA | FCA, ASIC, CFTC, NFA, CIRO, MAS, KNF, FSC (VG) Best |
| Minimum deposit | $50 | $0 Best |
| Maximum leverage | 1:1000 | 1:888 |
| Trading platforms | Trading Station, MetaTrader 4, TradingView, Web Trader, Mobile App | MetaTrader 4, MetaTrader 5, TradingView, Web Trader, Mobile App |
| Markets | Forex, Stocks, Crypto, Commodities & gold, Indices | Forex, Stocks, Crypto, Commodities & gold, Indices |
| Islamic account | ✓ Yes | — |
| Demo account | ✓ Yes | ✓ Yes |
| Copy trading | — | ✓ Yes |
| Founded | 1999 | 1996 |
| Headquarters | London, United Kingdom | — |
| 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 FXCM if you
- need a swap-free Islamic account
Choose Oanda if you
- want more licences from strong regulators
- want to start with less money
- want to copy other traders
- use MetaTrader 5
Frequently asked questions
Which is better, FXCM or Oanda?
We compared FXCM and Oanda on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences. FXCM offers a swap-free Islamic account; Oanda does not. Oanda holds 7 licences from strong regulators, against 2 for FXCM. The best choice depends on your country and trading style, so check which licence your account will be opened under.
Are FXCM and Oanda regulated?
FXCM licences: FCA, CySEC, ASIC, FSCA, ISA. Oanda licences: FCA, ASIC, CFTC, NFA, CIRO, MAS, KNF, FSC (VG).
What is the minimum deposit at FXCM and Oanda?
FXCM: $50. Oanda: $0.
Do FXCM and Oanda offer an Islamic account?
FXCM: Yes. Oanda: No.