Oanda Vs. FXCM - Compare and Choose the Right One


Visit 74-89% of retail CFD accounts lose money.	Visit 74-89% of retail CFD accounts lose money.
Overview
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.	FXCM is a global brokerage headquartered in the U.K that specialises in both retail and institutional trading with a comprehensive API offering.
Best For
Forex traders of all levels (from beginner to advanced)	Professional algorithmic traders looking to benefit from their comprehensive API offering
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 7 Other Licenses 1 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 2 Other Licenses 2 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
CFTC (U.S) NFA (U.S) ASIC (Australia) FCA (UK) MAS (Singapore) IIROC (Canada) FFAJ (Japan) BVI (British Virgin Islands)	ASIC (Australia) CySec (Cyprus) FCA (United Kingdom) FSCA (South Africa)
The Good
High trustworthiness, regulated by the best regulators in the world Fast, simple and professional trading platforms Competitive spreads in their currency pairs	Comprehensive API offering with a variety of conditions and programming languages at no additional cost Proprietary platform (Trading Station)
The Bad
Extremely limited offering of assets (104) No ability to purchase real stocks or cryptocurrencies, only CFDs	Lack of asset variety in their offering (over 300+ financial instruments) Costly spreads when compared to similar competitors
Status
Operational	Operational
Recent News
N/A	N/A
Key Data
⌛ Account Opening Time
1 day minimum (may take longer)	1 Day
📋 Documents Required
Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name. *There is no document verification needed for gross account deposits below US$9,000.	Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.
📍 Year Founded
1996	1999 (FXCM Group)
💳 Minimum Deposit
$, €, £, - 0.	€, £, $ - 50 (Varies by payment method)
💰 Payment Methods
Visa Mastercard Bank Transfer Paypal	Visa Mastercard Bank Transfer Neteller Skrill Skrill and Neteller are not available to FXCM EU clients at the moment
💵 Account Base Currencies
9 - USD, EUR, GBP, SGD, CHF, JPY, AUD, CAD, HKD.	4 - EUR GBP, USD, CHF.
🗽 Available to U.S Citizens
Yes	No
❌ Restricted Countries
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.	RU, US, CA, JP, SK and more.
📊 STP Account
No	No
📊 DMA Account
No	No
📊 ECN Account
Yes	No
Assets
📚 Available Assets
CFDs on currencies, commodities, cryptocurrencies, indices and bonds.	CFDs on stocks, currencies, commodities, cryptocurrencies and indices
📙 Stocks
N/A	200+
📘 Currency Pairs
68	39
📗 Commodities
13	11
📕 Indices
16	15
📔 ETFs
N/A	N/A
💸 Cryptocurrencies
4	6 (Cryptocurrencies CFDs are not available to retail clients residing in the UK)
📒 Bonds
6	N/A
📓 Options
N/A	N/A
📗 Futures
N/A	N/A
📝 Notes:
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.	All of FXCM's assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
N/A	1 share
📉 Minimum ETFs Trade Size
N/A	N/A
📈 Minimum Crypto Trade Size
Varies by crypto (Eg: 0.01 BTC)	1 unit of any cryptocurrency
📉 Minimum FX Trade Size
1 unit of any currency pair (Eg: 1 Euro, 1 Usd, 1 GBP, etc)	$1000 (0.01 Lots)
📈 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
1 unit of any Bond contract	N/A
📈 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 1:100	Up to 1:500 (Varies)
✍ Customisable Leverage
Yes	No
🎲 Deleveraged Trading
No	No
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
Yes	Yes
📺 MetaTrader 5
Yes	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
Yes	Yes
💻 Proprietary Platform
Yes	Yes
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
No	Yes
👫 Social Trading
No	Yes
🔑 Guaranteed Stop-loss
Yes	No
🔨 Trailing Stop-loss
Yes	Yes
Fees
💰 Inactivity Fee
Yes, $10 after 1 year of inactivity	50 units of the account's base currency yearly after 1 year of inactivity.
💰 Deposit Fees
No	No
💰 Withdrawal Fees
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.	Yes on bank transfer withdrawals depending on location (from $10 to $40 on local currency).
💰 Commissions
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.	No
Spreads
📈 EUR/USD
Dynamic - From 0.8 Pips	From 1.2 Pips (As per our research)
📉 SP500
Dynamic - From 30 Pips	Dynamic - From 58 Pips (As per our research)
📈 GOLD
Dynamic - From 26 Pips	Dynamic - From 41 Pips (As per our research)
📉 TSLA (Stock CFD)
N/A	Dynamic - From $1.04 (As per our research)
📈 XLK (ETF - CFD)
N/A	N/A
📉 BTC
Dynamic - From $100	Dynamic - From $51 (As per our research)
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
Yes	Yes
📡 Reuters Feed
No	No