OANDA vs Forex.com 2026: US Broker Comparison

Head-to-head comparison of America's top two retail forex brokers covering regulation, pricing, and platforms.

James Wilson

Written by

James Wilson

Edith Balazs

Fact Checked by

Edith Balazs

Last reviewed:
By:James Wilson
Fact-checked by:Edith Balazs

OANDA vs Forex.com: Which US Broker Is Better?

OANDA and Forex.com are the two most popular NFA-regulated forex brokers for US residents. Both offer competitive pricing and excellent platforms. This comparison examines key differences to help American traders make the right choice.

Which has lower spreads?

Forex.com has slightly tighter spreads at 0.8 pips vs OANDA's 1.0 pips on EUR/USD standard accounts.

US Regulation

Compare NFA/CFTC status.

Broker
OANDA1996
Forex.com2001

Detailed Broker Analysis

Recommended
Pioneer US forex broker.
4.3/5App Score

OANDA pioneered online forex trading with no minimum deposit and their proprietary fxTrade platform.

Forex spread classLow
Minimum deposit$0
Inactivity fee$10/mo
Currency pairs70
Deposit methodsBank, Wire, PayPal
Withdrawal fee$0
Forex.com logo
Forex.com
Read Review
Recommended
America's largest retail forex broker.
4.4/5App Score

Forex.com (StoneX) is America's largest retail forex broker with slightly tighter spreads and MT5 support.

Forex spread classLow
Minimum deposit$100
Inactivity fee$15/mo
Currency pairs80
Deposit methodsBank, Wire, Visa
Withdrawal fee$0

Frequently Asked Questions

Forex.com has slightly tighter spreads at 0.8 pips vs OANDA's 1.0 pips on EUR/USD standard accounts.

OANDA has no minimum deposit requirement. Forex.com requires $100 minimum.

Only Forex.com offers MT5. OANDA offers MT4 and their proprietary fxTrade platform.

Yes, both are NFA/CFTC regulated and among the few options legally available for US forex traders.

OANDA was founded in 1996 and pioneered online forex. Forex.com launched in 2001 but is now larger by volume.

Both have excellent mobile apps. OANDA's fxTrade app and Forex.com's mobile platform are highly rated.

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Regional Availability Notice

Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows country acceptance status. Please verify availability with the broker directly before proceeding.

Independent Analysis

Rankings based on verified data and hands-on testing. See our methodology →

Data Verified

January 2026