A side by side comparison of FOREX.com and OANDA on regulation, spreads, platforms, minimum deposit and our independent scores, so you can pick the right broker for how you trade.
Overall, FOREX.com scores higher in our review (85 vs 79 out of 100). OANDA has the tighter typical EUR/USD spread, which suits scalpers and high-frequency traders. OANDA has the lower minimum deposit, so it is easier to start with. Both are regulated by recognised authorities.
| FOREX.com | OANDA | |
|---|---|---|
| MSP Score | 85/100 (A) | 79/100 (B) |
| Reputation score | 81/100 | 80/100 |
| Regulation | NFA/CFTC, FCA, ASIC | NFA/CFTC, FCA, ASIC |
| Founded | 2001 | 1996 |
| Headquarters | Warren, New Jersey, USA | New York, USA |
| Platforms | MT4, MT5, Advanced Trading platform, TradingView | OANDA Trade (fxTrade), MT4, MT5, TradingView |
| MetaTrader 5 (MSP-ready) | Yes | Yes |
| Minimum deposit | $100 | $0 |
| Typical EUR/USD spread | 1.2 pips | 0.9 pips |
| Execution | Market maker | No dealing desk |
| Products | CFD, Spread Betting, DMA, Futures | CFD |
| Min deposit currency funding | Card, Bank transfer, PayPal | Card, Bank transfer, PayPal |
One clear TRADE or NO-TRADE verdict on any MetaTrader 5 chart. Free 7-day trial, no card.
Start free trialFor the complete breakdown of each broker, including reputation and regulator notes, read our FOREX.com review and our OANDA review. You can also visit FOREX.com or OANDA directly.
FOREX.com scores higher overall in our review (85/100 vs 79/100), but the better choice depends on what you value. OANDA has tighter spreads. OANDA has a lower minimum deposit. Compare the full table above to pick the right one for you.
OANDA has the tighter typical EUR/USD spread of the two, though final costs depend on your account type and any commission. Check current spreads on each broker's site.
Yes, both offer MetaTrader 5, so MSP runs on either.
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