TheTradingBible.com
TheTradingBible.com
Updated Nov 30 2021
| Overview | |
|---|---|
FXCM is a global brokerage headquartered in the U.K that specialises in both retail and institutional trading with a comprehensive API offering. |
Oanda is an international Forex broker founded in 1996 with headquarters in the United States. Oanda specialises exclusively in currency trading solutions for all trader levels. Their greatest selling points are their strong regulatory framework and robust proprietary platforms. |
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| Trust | |
| The Good | |
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| The Bad | |
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| Status | |
| Operational | Operational |
| Recent News | |
| N/A | N/A |
| Key Data | |
| ⌛ Account Opening Time | |
| 1 Day | 1 day minimum (may take longer) |
| 📋 Documents Required | |
All documents must be under the account holder's name. |
All documents must be under the account holder's name. *There is no document verification needed for gross account deposits below US$9,000. |
| 🏛 Financial Regulators | |
 Cyprus Securities and Exchange Commission Financial Conduct Authority Australian Securities and Investments Commission Financial Sector Conduct Authority |
Financial Conduct AuthorityAustralian Securities and Investments Commission Monetary Authority of Singapore Investment Industry Regulatory Organization of Canada Financial Futures Association of Japan |
| 📍 Year Founded | |
| 1999 (FXCM Group) | 1996 |
| 💳 Minimum Deposit | |
| €, £, $ - 50 (Varies by payment method) | $, €, £, - 0. |
| 💰 Payment Methods | |
 Visa Mastercard Bank Transfer Neteller SkrillSkrill and Neteller are not available to FXCM EU clients at the moment |
VisaMastercardBank Transfer Paypal |
| 💵 Account Base Currencies | |
| 4 - EUR GBP, USD, CHF. | 9 - USD, EUR, GBP, SGD, CHF, JPY, AUD, CAD, HKD. |
| 🗽 Available to U.S Citizens | |
| No | Yes |
| ❌ Restricted Countries | |
| RU, US, CA, JP, SK and more. | AF, AL, BS, BB, BW, BF, BI, KH, KY, CF, TD, CD, CG, CU, ER, ET, GH, IR, IQ, JM, KP, LY, MU, MN, MA, MM, NI, NG, PK, PS, PA, SN, SL, SO, SS, SD, SY, TT, TN, UG, VU, YE, ZW. |
| 📊 STP Account | |
| No | No |
| 📊 DMA Account | |
| No | No |
| 📊 ECN Account | |
| No | No | Assets |
| 📚 Available Assets | |
 Stocks Cryptos Commodities Currencies Indices CFDs |
CurrenciesCommoditiesIndicesCryptosCFDs |
| 📙 Stocks | |
| 200+ | N/A |
| 📘 Currency Pairs | |
| 39 | 68 |
| 📗 Commodities | |
| 11 | 13 |
| 📕 Indices | |
| 15 | 16 |
| 📔 ETFs | |
| N/A | N/A |
| 💸 Cryptocurrencies | |
6 (Cryptocurrencies CFDs are not available to retail clients residing in the UK) |
4 |
| 📒 Bonds | |
| N/A | 6 |
| 📓 Options | |
| N/A | N/A |
| 📗 Futures | |
| N/A | N/A |
| 📝 Notes: | |
| All of FXCM's assets are CFDs. | All Oanda's assets are CFDs. In the case of commodities, they only have 13, but each commodity has various trading pairs against several different currencies, eg: GOLD/EUR, GOLD/CHF, etc. |
Trading Experience |
| 📈 Minimum Stock Trade Size | |
| 1 share | N/A |
| 📉 Minimum ETFs Trade Size | |
| N/A | N/A |
| 📈 Minimum Crypto Trade Size | |
| 1 unit of any cryptocurrency | Varies by crypto (Eg: 0.01 BTC) |
| 📉 Minimum FX Trade Size | |
| $1000 (0.01 Lots) | 1 unit of any currency pair (Eg: 1 Euro, 1 Usd, 1 GBP, etc) |
| 📈 Minimum Commodities Trade Size | |
| Varies by Commodity (Eg: 1 Troy ounce of Gold) | Varies by Commodity (Eg: 1 Troy ounce of Gold) |
| 📉 Minimum Bonds Trade Size | |
| N/A | 1 unit of any Bond contract |
| 📈 Minimum Futures Trade Size | |
| N/A | N/A |
| 📉 Minimum Options Trade Size | |
| N/A | N/A |
| 💪 Retail Leverage | |
| Up to 1:30 | Up to 1:30 |
| 💪 Professional Leverage | |
| Up to 1:500 (Varies) | Up to 1:100 |
| ✍ Customisable Leverage | |
| No | Yes |
| 🎲 Deleveraged Trading | |
| No | No |
| 🎓 Demo Account | |
| Yes | Yes |
| 📱 IOS App | |
| Yes | Yes |
| 📱 Android App | |
| Yes | Yes |
| 📺 MetaTrader 4 | |
| Yes | Yes |
| 📺 MetaTrader 5 | |
| No | Yes |
| 💻 Web trader | |
| Yes | Yes |
| 💻 TradingView Platform | |
| Yes | No |
| 💻 Proprietary Platform | |
| Yes | Yes |
| 📊 Multi-chart Tools | |
| Yes | Yes |
| 👬 Copy Trading | |
| Yes | No |
| 👫 Social Trading | |
| Yes | No |
| 🔑 Guaranteed Stop-loss | |
| No | Yes |
| 🔨 Trailing Stop-loss | |
| Yes | Yes | Fees |
| 💰 Inactivity Fee | |
50 units of the account's base currency yearly after 1 year of inactivity. |
Yes, $10 after 1 year of inactivity |
| 💰 Deposit Fees | |
| No | No |
| 💰 Withdrawal Fees | |
Yes on bank transfer withdrawals depending on location (from $10 to $40 on local currency). |
Credit and Debit cards are free, when it comes to Bank transfer depends on the account's base currency (eg: the first withdrawal costs $, €, £ 20 and any subsequent ones 35). In the case of SGD, there are no fees. |
| 💰 Commissions | |
| No | No, but they do charge currency conversion fees. If your account base currency is GBP and you trade the EUR/USD pair, you'll be paying a conversion fee. |
Spreads |
| 📈 EUR/USD | |
| From 1.2 Pips (As per our research) | Dynamic - From 0.8 Pips |
| 📉 SP500 | |
| From 58 Pips (As per our research) | Dynamic - From 30 Pips |
| 📈 GOLD | |
| From 41 Pips (As per our research) | Dynamic - From 26 Pips |
| 📉 TSLA (Stock CFD) | |
| Dynamic - From $1.04 (As per our research) | N/A |
| 📈 XLK (ETF - CFD) | |
| N/A | N/A |
| 📉 BTC | |
| Variable - From $51 (As per our research) | Dynamic - From $100 | Research and Analysis |
| ⭐ Watchlists | |
| Yes | Yes |
| 🔭 Stock Screener | |
| No | No |
| 🗓 Economic Calendar | |
| Yes | Yes |
| 📜 Integrated Newsfeed | |
| Yes | Yes |
| 📡 Reuters Feed | |
| No | No |
