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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan
Trust rank #9 · Founded 1999
FXCM is a well-regarded forex broker that provides access to currency pairs on proprietary and third-party trading platforms, with market research, education, and risk management tools. It operates through regulated entities.
Read the FXCM 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 reviewFXCM (United Kingdom, founded 1999) holds 4 regulatory licences (ASIC, CySEC, FCA, FSCA), 2 of them tier-1, offers MT4, 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 48 countries; FXCM is available in 178 countries where OANDA is not, and OANDA in 5 where FXCM 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 | FXCM | OANDA |
|---|---|---|
| Trust rank | #9 | #19 |
| Founded | 1999 | 1996 |
| Headquarters | United Kingdom | Canada |
| Regulators | ASIC, CySEC, FCA, FSCA | ASIC, BVI FSC, CFTC, CIRO, FCA, FFAJ, JFSA, JSDA, Kanto Local Finance Bureau, KNF, MAS, MFSA, NFA |
| Broker type | STP | Market Maker |
| Platforms | MT4, Proprietary, TradingView | MT4, Proprietary, TradingView |
| Instruments | Commodities, Cryptocurrencies, Forex, Indices | Commodities, Forex, Indices, Metals |
| Countries accepted | 226 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 (48): American Samoa, Australia, Austria, Bulgaria, Chile, Christmas Island, Cocos (Keeling) Islands, Colombia, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Guam, Hungary, Indonesia, Ireland, Italy, Latvia, Lithuania, Luxembourg, Macao, Malaysia, Malta, Mexico, Netherlands, Norfolk Island, Northern Mariana Islands, Philippines, Poland, Portugal, Puerto Rico, Romania, Singapore, Slovakia, Slovenia and 8 more.
Only FXCM (178): 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 153 more.
Only OANDA (5): Belgium, Canada, Hong Kong, Japan, United States of America.
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: FXCM (ASIC, CySEC, FCA, FSCA) versus OANDA (ASIC, BVI FSC, CFTC, CIRO, FCA, FFAJ, JFSA, JSDA, Kanto Local Finance Bureau, KNF, MAS, MFSA, NFA). Tier-1 licences: FXCM 2, OANDA 7.
FXCM offers MT4, 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; FXCM was founded in 1999.
They overlap in 48 countries. FXCM is additionally available in 178 countries (Afghanistan, Albania, Algeria, Andorra, Angola, Anguilla and 172 more) and OANDA in 5 countries (Belgium, Canada, Hong Kong, Japan, United States of America).
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.