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Data refreshed 25 Sep 2026 · Compiled by David Ispiryan
Trust rank #1 · Editorial rating 10 / 10 · Founded 2001
FOREX.com is a well-regarded forex broker offering broad access to forex markets through web, desktop, and mobile platforms, with research, education, and risk management tools. It operates under applicable regulatory oversight in…
Read the FOREX.com review
Trust rank #19 · Founded 1996
OANDA is a well-regarded, regulated forex broker offering broad access to major currency pairs through intuitive web and mobile trading platforms. It provides order execution, research, charting, and educational resources, with products…
Read the OANDA reviewFOREX.com (United States, founded 2001) holds 4 regulatory licences (ASIC, CFTC, FCA, NFA), 4 of them tier-1, offers MT4, MT5, Proprietary, TradingView and sits in our low-fee bracket. OANDA (Canada, founded 1996) holds 13 regulatory licences (ASIC, BVI FSC, CFTC, CIRO, FCA…), 7 of them tier-1, offers MT4, Proprietary, TradingView and sits in our low-fee bracket. The two overlap in 52 countries; FOREX.com is available in 179 countries where OANDA is not, and OANDA in 1 where FOREX.com is not.
Scored on 8 measurable dimensions where both brokers have verified data. Dimensions missing for either side are excluded rather than guessed. This is a data summary, not a recommendation.
| Criteria | FOREX.com | OANDA |
|---|---|---|
| Editorial rating | 10 / 10 | Not verified |
| Trust rank | #1 | #19 |
| Founded | 2001 | 1996 |
| Headquarters | United States | Canada |
| Regulators | ASIC, CFTC, FCA, NFA | ASIC, BVI FSC, CFTC, CIRO, FCA, FFAJ, JFSA, JSDA, Kanto Local Finance Bureau, KNF, MAS, MFSA, NFA |
| Broker type | DMA, Market Maker, STP | Market Maker |
| Platforms | MT4, MT5, Proprietary, TradingView | MT4, Proprietary, TradingView |
| Instruments | Commodities, Forex, Indices, Metals | Commodities, Forex, Indices, Metals |
| Countries accepted | 231 countries | 53 countries |
| Fee level | Low | Low |
| Trading types | CFD Trading, Spot Trading | CFD Trading, Spot Trading |
| Best-for use cases | Professional Trading, Retail Trading | Professional Trading, Retail Trading |
Highlighted cells mark the stronger value where a direction is objectively better (e.g. more licences, lower fees). "Not verified" means the field is not yet in our catalogue for that broker — we never fill gaps with estimates.
Available at both (52): American Samoa, Australia, Austria, Bulgaria, Canada, Chile, Christmas Island, Cocos (Keeling) Islands, Colombia, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Guam, Hong Kong, Hungary, Indonesia, Ireland, Italy, Japan, Latvia, Lithuania, Luxembourg, Macao, Malaysia, Malta, Mexico, Netherlands, Norfolk Island, Northern Mariana Islands, Philippines, Poland, Portugal, Puerto Rico, Romania and 12 more.
Only FOREX.com (179): Afghanistan, Albania, Algeria, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belize, Benin, Bermuda, Bhutan, Bolivia, Bonaire, Bosnia and Herzegovina, Botswana, Brazil, Brunei and 154 more.
Only OANDA (1): Belgium.
Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.
OANDA holds more regulatory licences: FOREX.com (ASIC, CFTC, FCA, NFA) versus OANDA (ASIC, BVI FSC, CFTC, CIRO, FCA, FFAJ, JFSA, JSDA, Kanto Local Finance Bureau, KNF, MAS, MFSA, NFA). Tier-1 licences: FOREX.com 4, OANDA 7.
FOREX.com offers MT4, MT5, Proprietary, TradingView; OANDA offers MT4, Proprietary, TradingView.
Both sit in the same fee bracket (low) in our catalogue; compare the spreads and commission rows above for detail.
OANDA is the older of the two, founded in 1996; FOREX.com was founded in 2001.
They overlap in 52 countries. FOREX.com is additionally available in 179 countries (Afghanistan, Albania, Algeria, Andorra, Angola, Anguilla and 173 more) and OANDA in 1 countries (Belgium).
Risk warning: CFDs and forex are complex, leveraged instruments and carry a high risk of losing money rapidly. A majority of retail investor accounts lose money when trading CFDs. Nothing on this page is financial advice; verify licence status on the regulator's register before depositing. Full risk disclosure.