Scores, winners and data below compare these brokers as CFD/FX brokers: leveraged trading on forex, indices, commodities and crypto. Scores, winners and data below compare these brokers as stock brokers: real shares and ETFs you own outright.
FXCM
Regulated in your country FXCM is allowed by ASIC to onboard clients residing in Australia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Oanda
Regulated in your country Oanda is allowed by ASIC to onboard clients residing in Australia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Best for
What we compare A comparison of the kinds of traders FXCM and Oanda are best suited to, based on what each one actually offers in Australia.FXCM is better than Oanda for day traders and high-volume traders. Oanda, on the other hand, is better for long-term investors and futures traders. Both are a good fit for professional traders, scalpers and swing traders.
| Overall score | FXCM 85 Best not offered | Oanda 81 -4 74 |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise FXCM and the ones that supervise Oanda.FXCM and Oanda are both regulated in Australia, by ASIC.
| Section score | FXCM 100 not offered | Oanda 100 100 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | ||
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that FXCM and Oanda have in place to protect your money in Australia.Both FXCM and Oanda offer segregated client funds and two-factor authentication.
| Section score | FXCM 66 not offered | Oanda 66 66 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 1999 | 1996 |
| Parent company i | Stratos Group | OANDA Group |
| CEO i | Brendan Callan | Gavin Bambury |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | N/A | mBank |
| Brand power | ||
| Number of customers worldwide i | ||
| Annual revenue i | US$16,900,000 | |
| Monthly website search traffic i | 383.6K monthly visits | |
Costs
What we compare A comparison of what it costs to trade with FXCM and with Oanda in Australia, both on each trade and on holding the account.FXCM is better than Oanda for CFD/FX costs, given that FXCM is cheaper on EUR/USD, at US$4.6 per lot (against Oanda's US$7.35), has tighter gold CFD spreads, at 0.3 points (against Oanda's 0.52 points), and charges lower Bitcoin CFD fees, at US$40.33 (against Oanda's US$43.85). Neither FXCM nor Oanda charges account maintenance fees or deposit fees.
Only Oanda can be assessed for real stock costs, since FXCM is a CFD broker and does not offer real stocks.
| Section score | FXCM 81 Best not offered | Oanda 66 -15 29 |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | Free | US$3 |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | US$4.6 | US$7.35 |
| S&P 500 fees (CFD) i | 0.5 points | 0.39 points |
| Gold fees (CFD) i | 0.3 points | 0.52 points |
| Bitcoin fees (CFD) i | US$40.33 | US$43.85 |
| US stocks fees (CFD) i | US$0.23 | US$0.06 |
| Fees on stocks | ||
| Stock fee type i | Spread | Percentage |
| US stocks fees (real) i | ||
| ETF fees (real) i | ||
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | ||
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | ||
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with FXCM and with Oanda in Australia, and of how many instruments each one gives access to.Oanda is better than FXCM for CFD/FX markets, as Oanda lets you own stocks and ETFs outright, which FXCM does not, and offers futures on crypto and forex, which FXCM does not. Both FXCM and Oanda offer CFDs on commodities, crypto, forex, indices and stocks.
There is no like-for-like comparison for real stock markets, as FXCM is a CFD broker and does not offer real stocks.
| Section score | FXCM 75 -25 not offered | Oanda 100 Best 60 |
|---|---|---|
| Total tradable symbols i | 2,800 | 1,400 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, Forex, Indices, Stocks | Commodities, Crypto, Forex, Indices, Stocks |
| Futures i | Crypto, Forex | |
| Options i | ||
| Assets you can own i | Stocks, ETF |
Platform
What we compare A comparison of the trading platforms that FXCM and Oanda make available to their clients in Australia.Oanda is better than FXCM for platforms, because Oanda offers MetaTrader 5, AutoChartist and real-time pricing, which FXCM does not. FXCM and Oanda both offer a proprietary platform and MetaTrader 4.
Oanda and FXCM cannot be set side by side for platforms, as FXCM is a CFD broker and does not offer real stocks, unlike Oanda.
| Section score | FXCM 85 -6 not offered | Oanda 91 Best 91 |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of FXCM and Oanda in Australia, and of what each one lets you do from your phone.FXCM and Oanda are close on mobile trading, as both offer a proprietary mobile app and the MetaTrader 4 app. Oanda has a slight edge, as it offers the MetaTrader 5 app.
Oanda and FXCM cannot be compared for mobile trading, because Oanda is a broker offering both CFDs and stocks while FXCM is a CFD broker.
| Section score | FXCM 93 not offered | Oanda 93 93 |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that FXCM and Oanda allow on their platforms in Australia.Oanda is better than FXCM for CFD/FX trading features, since Oanda offers guaranteed stop losses and tier-1 liquidity providers, which FXCM does not. Both FXCM and Oanda offer negative balance protection and trailing stops.
Only Oanda can be assessed for real stock trading features, since FXCM is a CFD broker and does not offer real stocks.
| Section score | FXCM 89 -7 not offered | Oanda 96 Best 92 |
|---|---|---|
| Trade execution | ||
| Broker type i | Hybrid | Agency |
| Average execution time i | 17 ms | |
| Slippage occurrence i | 14.64% | |
| Requotes occurrence i | 0% | |
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1 | 30:1 |
| Minor/Exotic FX pairs leverage i | 20:1 | 20:1 |
| Major indices leverage i | 20:1 | 20:1 |
| Minor indices leverage i | 10:1 | 10:1 |
| Gold leverage i | 20:1 | 20:1 |
| Commodities leverage i | 10:1 | 10:1 |
| Equities leverage i | 5:1 | 5:1 |
| Cryptocurrency leverage i | 2:1 | 2:1 |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | US$0 | US$0 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at FXCM and at Oanda in Australia, and of who each one is meant for.FXCM is better than Oanda for CFD/FX account types, since FXCM offers a managed account, an unlimited demo account and a micro account, which Oanda does not. FXCM and Oanda both offer a demo account and a professional traders account.
Only Oanda can be assessed for real stock account types, since FXCM is a CFD broker and does not offer real stocks.
| Section score | FXCM 63 Best not offered | Oanda 46 -17 34 |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with FXCM and with Oanda in Australia.FXCM is better than Oanda for account opening, as FXCM supports e-wallets, which Oanda does not, and pays out withdrawals faster, within 2 days (against Oanda's 3 days). Neither FXCM nor Oanda requires a minimum deposit.
Only Oanda can be assessed for account opening, since FXCM is a CFD broker and does not offer real stocks.
| Section score | FXCM 85 Best not offered | Oanda 75 -10 75 |
|---|---|---|
| Minimum deposit i | US$0 | US$0 |
| Minimum withdrawal i | US$0 | US$0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | PayPal, Neteller, Skrill | |
| Local payment methods i | ||
| Account base currencies i | AUD, USD, EUR, GBP, JPY, NZD | AUD, CAD, CHF, EUR, GBP, HKD, JPY, SGD, USD |
| Deposit waiting time i | up to 2 business days | up to 1 business days |
| Withdrawal waiting time i | up to 2 business days | up to 3 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of FXCM and Oanda in Australia, in how it can be reached and how fast it answers.FXCM is better than Oanda for customer care, since FXCM offers customer support in 13 languages (against Oanda's 5), has a website in 13 languages (against Oanda's 7), and offers priority support, which Oanda does not. Both FXCM and Oanda offer phone support and live chat.
FXCM does not offer real stocks, being a CFD broker, so Oanda and FXCM cannot be compared for customer care.
| Section score | FXCM 85 Best not offered | Oanda 51 -34 51 |
|---|---|---|
| Number of languages supported i | 13 | 7 |
| Website languages i | Arabic, German, Greek, English, French, Hebrew, Indonesian, Malay, Portuguese, Spanish, Tagalog, Vietnamese, Chinese | German, English, French, Italian, Russian, Spanish, Chinese |
| Website available in English i | ||
| Customer support languages i | Arabic, German, Greek, English, French, Hebrew, Indonesian, Malay, Portuguese, Spanish, Tagalog, Vietnamese, Chinese | German, English, Russian, Spanish, Chinese |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that FXCM and Oanda provide to their clients in Australia.FXCM is better than Oanda for learning, because FXCM offers professional reports and daily market commentary, which Oanda does not. FXCM and Oanda both offer education for advanced traders and webinars.
FXCM does not offer real stocks, being a CFD broker, so Oanda and FXCM cannot be compared for learning.
| Section score | FXCM 100 Best not offered | Oanda 80 -20 80 |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
FXCM vs Oanda: which one should you choose?
FXCM
CFD/FX Choose FXCM if you want a CFD and forex broker with low trading costs, a wide choice of markets and fast execution.
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Oanda
CFD/FX Choose Oanda if you want an online CFD broker with MetaTrader 5 and fast deposits.
Stocks Choose Oanda if you want a share dealing service with ETFs, futures and retirement accounts.
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.Other popular comparisons
Below are other head-to-head comparisons that include FXCM or Oanda, each scored with the same data and method as this page.
