"Forex.Com and Oanda who is better？"The problem may often arise because both are top U.S. brokers and are often compared.。

Forex.com and OANDA both provide exceptional service with numerous award-winning features。They are also known as the pioneers of online trading.。They operate globally under one of the most stringent regulations in the world。Well, then,Forex.Which is better, Oanda or com?？

The first thing we should understand is,The word "better" is subjective.。Each broker may or may not suit your needs。What is good for others may not be good for you.。Therefore, we should delve into their products before making any decision。

Here, we will explore the answer by examining six important characteristics of each broker: legal background, trading platform, transaction fees, trading tools, customer service and deposit requirements。

Legal background

Forex.com and OANDA are among the most heavily regulated forex brokers in the world。They are already registered with the CFTC and the NFA, so they can accept US customers。Traders from other countries can register under other regulatory bodies。

Following isOANDALicense List:

Commodity Futures Trading Commission/ NFA 0325821 (US)

FCA 54257 (UK)

FSA 1571 (Japan)

FSC SIBA / L / 20 / 1130 (British Virgin Islands)

MFSA 18 December 2020 (Malta)

MAS 200704926K (Singapore)

Australian Securities and Investment CommissionABN 26 152 088 349 Australian Securities and Exchange Commission No. 412 (Australia)

Following isForex.comLicense List:

Commodity Futures Trading Commission/ NFA 0339826 (US)

FCA 190864 (UK)

FSA 1539 (Japan)

Cayman Islands Monetary Authority25033 (Cayman Islands)

IIROC (Canada)

Trading platform

Forex.com and OANDA both offer their own proprietary trading platforms and the popular MetaTrader。All for Android, iOS and desktops。

OANDA's platform - aptly named FxTrade - has all the tools needed for daily trading activities as well as additional trading performance tools。You can use this tool to analyze your trading history, broken down by instruments, P & L, odds and return on risk。

FOREX.com application more focused on trade execution。Navigation bars, dashboards, watch lists, and alerts can all be customized。In addition to the usual market and limit orders, you can place trailing stops and only conditional orders such as One Cancels the Other (OCO) orders。

Transaction costs

The two top US brokers use different fee structures。Be careful to note down, because what a person offers may not be right for you。

OANDATwo different pricing accounts are available:

Spread-only accounts do not charge any commission, but EUR/ USD has a considerable spread from 1.Start at 4: 00.。

Commission account perA $50 fee for 1 million basic currency units, as well as a basic spread (starting at 0 points)。

Forex.comThere are three types of accounts available, which are:

The standard account has aVariable spreads starting at 1 point。

Commission accounts are charged per$5 fee for 100,000 base currency units, and 0.Basic spread starting at 2 points。

STP Pro accounts offer competitive pricing with spreads from 0.Start at 1: 00, but the minimum deposit requirement is $25,000。

Trading instruments

Forex.com actually offers a wider range of tools than Oanda。Both facilitate trading in Forex, CFDs and Cryptocurrencies (CFD), but Forex.Com brings more symbols。Forex.com has more than 5500 tradable symbols, while OANDA has only 124 symbols (71 of which are forex pairs)。

FOREX, also known as FOREX.com, one of the global market leaders in the financial industry。FOREX, founded in 2001 as part of Gain Capital Holdings, is dedicated to trading Forex and CFDs on powerful trading platforms and the popular MetaTrader 4.。

Similar to the parent company,FOREX is also licensed by various financial regulators, including the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) in the United States, the Financial Conduct Authority (FCA) in the United Kingdom, the Investment Industry Regulatory Organization in Canada, and the Financial Services Agency in Japan.。

For traders in Southeast Asia and the Middle East, forex trading has been operating under the supervision of the Cayman Islands Monetary Authority.。

High-quality execution, transparency and competitive pricing per trade areFOREX.One of the most optimized services in com。As of the third quarter of 2019, the broker's total assets reached 12.$8.8 billion, with total customer assets reaching 8.$49.8 billion。

Forex provides its customers with aThe best freedom to trade in more than 300 global markets, including more than 80 pairs of Forex, more than 220 stocks, indices, commodities and cryptocurrencies。The spread of each asset is in FOREX..In real time on the official website of com, the spread of EUR / USD is as low as 0.8 o'clock。

For trading platforms,FOREX offers two main options: internal platform and MetaTrader 4。Both types can be used on a variety of devices and can be accessed as web-based platforms and mobile applications。In addition,FOREX's proprietary platform is equipped with advanced charting tools, such as more than 70 technical indicators, a large number of time intervals, multiple chart types, more than 50 drawing tools and customization functions。

FOREX.com offers a variety of trading conditions to meet the needs of many types of traders。In addition to these services, Forex also provides guidance and support in the form of real-time trading signals and analytical tools from Autochartist and Recognica.。In addition, there are trained market strategists who can work with them to develop trading plans and perform market analysis, keeping clients informed of real-time market insights and actionable trading ideas from the Forex research team.。

Account funds and withdrawals are made through bank transfers.。However, there are no further details on the minimum number of each process。Forex also doesn't seem to offer the option of other payment methods such as credit cards or even electronic payments.。

In general, based on theirRegulatory and long history since 2001, Forex is a reliable Forex and CFD broker。Customers can trade on the Forex trading platform or MetaTrader 4 with competitive spreads and pricing。Nevertheless, Forex is one of the top institutions in the brokerage industry that complies with the strict supervision of well-known financial regulators.。

Some of its trading conditions may not be suitable for less experienced retail traders or those with less capital。Nevertheless,FOREX.com also offers one of the most successful material packages in financial transactions。

Customer Service

OANDA leads Forex in customer support.Com step。OANDA's customer service team is available via email and live chat 24 hours a day from 1 p.m. Sunday to 6 p.m. Friday ET。OANDA also arranges multiple localized phone support staffed with multilingual staff that perfectly embodies the globalized forex broker。

on the other hand,Forex.com does not provide a direct phone numberYou can only contact their customer support via live chat from Sunday morning10: 00 to 5: 00 p.m. Friday, 24 hours a day。This can cause trouble for people with certain restrictions。

Deposit requirements

Oanda also won the race because they didn't have any minimum deposit requirements.。You can putAny amount from $1 to $9000 (or equivalent currency) is deposited into your OANDA accountHowever,Forex.com requires a minimum of $100 as an initial deposit。

Well, you will chooseForex.Com or Oanda？This short study was supposed to tell you the answer。OANDA performs well overall and is perfect for beginners。

Still, seasoned traders may preferForex.com to diversify their portfolios and enjoyOCO Order。