Forex.com vs OANDA: which broker is better in 2026?
We compare Forex.com and OANDA — two forex & CFD brokers — side by side across regulation, fees, platforms, minimum deposit, and our editorial scores. Based on our overall editorial score, OANDA edges ahead (4.0/5), but the right choice depends on what matters most to you — check the breakdown below.
Side-by-side comparison
CriteriaForex.comOANDA
Overall score 3.8 4.0
Regulation & safety 4.0 4.5
Fees & deposit 3.5 3.5
Platform & assets 4.0 4.0
User support 3.5 4.0
Trust score76/10083/100
Minimum depositVaries by account type — check the official siteVaries by account type — check the official site
Demo accountAvailableAvailable
PlatformsProprietary web/desktop platform, MetaTrader 4, MetaTrader 5, TradingView (integrated), Mobile appProprietary web/desktop platform, MetaTrader 4, TradingView (integrated), Mobile app, API v20
Fee modelSpread model or spread + commission (RAW/Commission account) — varies per region/account; exact figures not yet verifiedSpread model (Standard account) or core spread + commission (Core/Elite) — per-region details not yet verified with exact figures
Pros & cons
- Backed by StoneX Group (US public company Nasdaq: SNEX) + a strict US market license
- Full platform selection: proprietary + MT4/MT5 + TradingView
- Broad instrument coverage & established liquidity
- Fees/spreads aren't always the cheapest compared to raw ECN brokers
- Product availability differs per entity/region
- Leveraged products are high-risk
- Very strong & rare regulation — licensed in the US (NFA/CFTC) plus FCA/ASIC/MAS/IIROC
- Respected reputation for price data & execution; strong trading API for automation
- Flexible platform choice: proprietary + MT4 + TradingView
- Not the cheapest for high volume compared to raw ECN brokers
- Product availability (e.g. crypto CFDs) differs per region/entity
- Leveraged products remain high-risk
Regulation at a glance
Forex.com
Part of StoneX Group, a US public company (Nasdaq: SNEX). Entities regulated by NFA/CFTC (US), FCA (UK), ASIC (Australia), IIROC (Canada), and others per region.
OANDA
Operates multiple entities with strict oversight per region: NFA/CFTC (US), FCA (UK), ASIC (Australia), MAS (Singapore), IIROC (Canada). One of the few retail brokers licensed in the US market.