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. On spreads, FXCM offers EUR/USD from 1.3 pip (Standard), 0.2 pip (Active Trader) + commission, while Oanda offers EUR/USD from 1.0 pip (Standard), 0.2 pip (Core) + commission.
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 |
| Spread (typical) | EUR/USD from 1.3 pip (Standard), 0.2 pip (Active Trader) + commission | EUR/USD from 1.0 pip (Standard), 0.2 pip (Core) + commission |
| Inactivity Fee | $50/year after 12 months of inactivity | $10/month after 12 months of inactivity |
| 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 €. Spread: EUR/USD from 1.3 pip (Standard), 0.2 pip (Active Trader) + commission. Inactivity fee: $50/year after 12 months of inactivity.
Oanda: Spreads from 0.6 pip (Standard), from 0.2 pip (Core Pricing). Minimum deposit: 0 €. Spread: EUR/USD from 1.0 pip (Standard), 0.2 pip (Core) + commission. Inactivity fee: $10/month after 12 months of inactivity.
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?
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FXCM vs Oanda: Which broker is better overall?
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Do FXCM or Oanda charge an inactivity fee?
FXCM
Established forex broker with Trading Station and API access
Open Account →From 50 € min. deposit