Our Verdict
Oanda has a higher rating of 4.2/5 compared to FXCM (4/5). Oanda offers 6 instrument types, while FXCM offers 5. The minimum deposit is lower at Oanda with 0 €. Oanda has been in the market since 1996, making it the more experienced provider.
Comparison Table
| Criteria | FXCM | Oanda |
|---|---|---|
| Rating | 4/5 (980 reviews) | 4.2/5 (1500 reviews)✓ |
| Regulation | FCA | FCA/NFA |
| Fees | Spreads from 0.2 pip on Active Trader, from 1.3 pip Standard | Spreads from 0.6 pip (Standard), from 0.2 pip (Core Pricing) |
| Min. Deposit | 50 € | 0 € |
| Instruments | Forex, CFDs, Indices, Commodities, Crypto | Forex, CFDs, Indices, Commodities, Bonds, Metals |
| Platforms | Trading Station, MT4, TradingView, FXCM API | OANDA Trade, MT4, MT5, TradingView |
| Options Trading | No, forex and CFD trading | No, forex and CFD trading |
| Founded | 1999 | 1996 |
| Headquarters | London | New York |
Detailed Comparison
Fee Comparison
FXCM: Spreads from 0.2 pip on Active Trader, from 1.3 pip Standard. Minimum deposit: 50 €.
Oanda: Spreads from 0.6 pip (Standard), from 0.2 pip (Core Pricing). Minimum deposit: 0 €.
Product Range
FXCM (5 categories)
Oanda (6 categories)
Trading Platforms
FXCM
- Trading Station
- MT4
- TradingView
- FXCM API
Oanda
- OANDA Trade
- MT4
- MT5
- TradingView
Regulation & Security
FXCM is regulated by FCA (HQ: London).
Oanda is regulated by FCA/NFA (HQ: New York).
Who Is It For?
FXCM
Established forex broker with Trading Station and API access
✓ Proprietary Trading Station platform
✓ API access for algorithmic trading
✓ Low minimum deposit
✗ Limited product range
✗ No BaFin regulation
Oanda
Forex specialist with advanced technology since 1996
✓ No minimum deposit required
✓ Flexible lot sizes from 1 unit
✓ Advanced analysis tools
✗ Limited product range
✗ No stocks or ETFs
Frequently Asked Questions
Is FXCM or Oanda cheaper?
Which broker offers more products: FXCM or Oanda?
Which broker is better regulated?
Is FXCM or Oanda better for beginners?
FXCM vs Oanda: Which broker is better overall?
FXCM
Established forex broker with Trading Station and API access
Open Account →From 50 € min. deposit