Broker comparison

FXCM vs.
Oanda

Which broker fits your needs?

Platforms, products and fees side by side.

Updated: October 2026

See comparison

Summary

Your goal decides.

Oanda has a higher rating of 4.2/5 compared to FXCM (4/5). Oanda offers 6 instrument types, while FXCM offers 5. The minimum deposit is lower at Oanda with 0 €. Oanda has been in the market since 1996, making it the more experienced provider. On spreads, FXCM offers EUR/USD from 1.3 pip (Standard), 0.2 pip (Active Trader) + commission, while Oanda offers EUR/USD from 1.0 pip (Standard), 0.2 pip (Core) + commission.

Established forex broker with Trading Station and API access

Forex specialist with advanced technology since 1996

At a glance

The key differences

Criterion
PlatformsTrading Station, MT4, TradingView, FXCM APIOANDA Trade, MT4, MT5, TradingView
Product typesForex, CFDs, Indices, Commodities, CryptoForex, CFDs, Indices, Commodities, Bonds, Metals
Options tradingNo, forex and CFD tradingNo, forex and CFD trading
Fee modelSpreads from 0.2 pip on Active Trader, from 1.3 pip StandardSpreads from 0.6 pip (Standard), from 0.2 pip (Core Pricing)
Minimum deposit50 €0 €
RegulationFCAFCA/NFA
More informationDetailsDetails

Platforms

FXCM

Trading Station, MT4, TradingView, FXCM API

Oanda

OANDA Trade, MT4, MT5, TradingView

Product types

FXCM

Forex, CFDs, Indices, Commodities, Crypto

Oanda

Forex, CFDs, Indices, Commodities, Bonds, Metals

Options trading

FXCM

No, forex and CFD trading

Oanda

No, forex and CFD trading

Fee model

FXCM

Spreads from 0.2 pip on Active Trader, from 1.3 pip Standard

Oanda

Spreads from 0.6 pip (Standard), from 0.2 pip (Core Pricing)

Minimum deposit

FXCM

50 €

Oanda

0 €

Regulation

FXCM

FCA

Oanda

FCA/NFA

More information

Oanda

Details

Product access and costs depend on market, account and permissions.

Detailed comparison

Comparing fees

Compare total costs, not just the order fee.

Spreads from 0.2 pip on Active Trader, from 1.3 pip Standard

Published fee
Spreads from 0.2 pip on Active Trader, from 1.3 pip Standard
Minimum deposit
50 €
Inactivity
$50/year after 12 months of inactivity
See terms at provider

Spreads from 0.6 pip (Standard), from 0.2 pip (Core Pricing)

Published fee
Spreads from 0.6 pip (Standard), from 0.2 pip (Core Pricing)
Minimum deposit
0 €
Inactivity
$10/month after 12 months of inactivity
See terms at provider

The relevant costs depend on market, currency, order size and trading style.

Execution quality

Order type, venue and liquidity affect execution.

Check the provider’s execution policy and available order types for your account.

Provider information

Check the provider’s execution policy and available order types for your account.

Provider information

Product range

ForexCFDsIndicesCommoditiesCrypto
ForexCFDsIndicesCommoditiesBondsMetals

Categories come from broker profiles. Check specific markets and permissions before deciding.

Trading platforms

Trading Station · MT4 · TradingView · FXCM API

FXCM offers Trading Station, MT4, TradingView, and the FXCM API as trading platforms. Trading Station is the main platform with advanced charting, over 60 indicators, backtesting, and strategy development. MT4 is available for automated trading with Expert Advisors. TradingView provides a social charting environment. The FXCM API enables the development of customized trading systems and algorithmic strategies. All platforms are also available as mobile versions.

Explore platform

OANDA Trade · MT4 · MT5 · TradingView

Oanda offers the OANDA Trade platform, MT4, MT5, and TradingView. The OANDA Trade platform is the proprietary development with an intuitive interface, advanced charting tools, technical analysis indicators, and integrated market analyses. MT4 and MT5 support automated trading with Expert Advisors. TradingView offers a community-based charting environment. All platforms support Oanda's unique flexible lot sizes and provide mobile versions.

Explore platform

Regulation & security

Regulation does not prevent market losses. The relevant authority depends on the contracting entity.

Your investor profile

Who might it suit?

Established forex broker with Trading Station and API access

  • Proprietary Trading Station platform
  • API access for algorithmic trading
  • Low minimum deposit
  • Limited product range
  • No BaFin regulation

Forex specialist with advanced technology since 1996

  • No minimum deposit required
  • Flexible lot sizes from 1 unit
  • Advanced analysis tools
  • Limited product range
  • No stocks or ETFs

Find the broker that fits

FXCM oder Oanda?

Side by side. Decided with knowledge.

See the differences that matter, and the Academy lessons that explain them.

FXCM4.0
  • Proprietary Trading Station platform
  • API access for algorithmic trading
  • Low minimum deposit
Oanda4.2
  • No minimum deposit required
  • Flexible lot sizes from 1 unit
  • Advanced analysis tools
VS
  • Fees
  • Platform
  • Regulation
  • Matching lessons
Two brokers. Many options. Your call.
Open The Dealing Room

Your questions

Frequently asked questions

How do fees differ between FXCM and Oanda?
FXCM: Spreads from 0.2 pip on Active Trader, from 1.3 pip Standard. Oanda: Spreads from 0.6 pip (Standard), from 0.2 pip (Core Pricing). Compare total costs for the specific market, product, currency and order size in the current fee schedule.
Which broker offers more products: FXCM or Oanda?
FXCM offers Forex, CFDs, Indices, Commodities, Crypto. Oanda offers Forex, CFDs, Indices, Commodities, Bonds, Metals.
How are FXCM and Oanda regulated?
The broker profiles list FCA for FXCM and FCA/NFA for Oanda. Your account's contracting entity determines the applicable oversight and protection rules; check its current disclosures.
Is FXCM or Oanda better for beginners?
FXCM lists a 50 € minimum deposit and offers Trading Station, MT4, TradingView, FXCM API. Oanda lists 0 € and offers OANDA Trade, MT4, MT5, TradingView. Compare usability, available products and costs for your intended use.
FXCM vs Oanda: Which broker is better overall?
The choice between FXCM (4/5, 980 reviews) and Oanda (4.2/5, 1500 reviews) depends on your needs. FXCM: Established forex broker with Trading Station and API access. Oanda: Forex specialist with advanced technology since 1996.
How do spreads compare between FXCM and Oanda?
FXCM offers typical spreads of EUR/USD from 1.3 pip (Standard), 0.2 pip (Active Trader) + commission. Oanda offers EUR/USD from 1.0 pip (Standard), 0.2 pip (Core) + commission. Tighter spreads reduce trading costs especially for active trading.
Do FXCM or Oanda charge an inactivity fee?
FXCM: $50/year after 12 months of inactivity. Oanda: $10/month after 12 months of inactivity.

Your next step

Your next step

Keep comparing

More broker comparisons

Keep learning

Before you pick a broker

The guides worth reading before your first trade, whichever of the two you choose.

Options risks & opportunitiesWhat you can lose, and what the risk buys you.Options taxes in GermanyFlat-rate tax, loss offsetting and allowances.Options trading basicsStrike, expiry, underlying: the building blocks of every option.
Terms in the glossary:MarginPremiumCall optionUnderlyingExercise