FXCC versus Oanda

FXCC treats all clients equally with one account type, no minimum deposit requirement, and maximum leverage of 1:500. Traders get the core MT4 trading platform from this ECN/STP broker plus the MAM module for account management services. FXCC also provides quality research, trading signals, and a basic introduction to trading for beginner traders.

Oanda presents its proprietary trading platform alongside MT4 from its well-regulated trading environment. The 28 plugins for MT4 create one of the most cutting-edge MT4 experiences and provide an edge to traders. Live webinars, market commentary, research, and educational content for beginner traders are available but with a lesser quality than at FXCC.

We have conducted an in-depth review of FXCC and Oanda to determine which one presents the better overall choice and which traders will benefit the most at either broker.

• Features and Platforms
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• FXCC versus Oanda - Verdict

Headquarters	British Virgin Islands	Cyprus
Regulators	ASIC, BVIFSC, CFTC, FCA, FSA, IIROC, MAS, MFSA	CySEC, VFSC
Tier 1 Regulator(s)?		N/A
Owned by Public Company?		N/A
Year Established	1996	2010
Execution Type(s)	ECN/STP, Matched Principal Broker	ECN/STP, No Dealing Desk
Minimum Deposit	$0	$50
Negative Balance Protection		N/A
Trading Platform(s)	MetaTrader 4, MetaTrader 5, Proprietary platform, Trading View	MetaTrader 4
Average Trading Cost EUR/USD	0.9 pips	N/A
Average Trading Cost GBP/USD	1.3 pips	N/A
Average Trading Cost WTI Crude Oil	$0.03	N/A
Average Trading Cost Gold	$0.30	N/A
Retail Loss Rate	78.3%	N/A
Minimum Raw Spreads	0.0 pips	N/A
Minimum Standard Spreads	0.6 pips	N/A
Minimum Commission for Forex	$5.00 per round lot	N/A
Islamic Account
Signals
US Persons Accepted?
Managed Accounts
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Features and Platforms

MT4
MT5
MT4/MT5 Add-Ons		N/A
cTrader
Proprietary Platform
Automated Trading
Social/Copy Trading		N/A
DOM?		N/A
Guaranteed Stop Loss
Scalping
Hedging
One-Click Trading		N/A
OCO Orders
Interest on Margin
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Noteworthy:

FXCC offers a 100% first deposit bonus, and qualifying traders get free VPS hosting. Both brokers provide corporate services, and Oanda maintains an FX payment system.

Available Markets

Currency Pairs		N/A
Cryptocurrencies		N/A
Commodities
Crude Oil
Gold
Metals
Equity Indices
Stocks (non-CFDs)		N/A
Bonds		N/A
ETFs
Options		N/A
Futures		N/A
Synthetics		N/A
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Forex traders get a quality choice of currency pairs of 70+ at both FXCC and Oanda. Neither broker provides equity trading, while the cryptocurrency sector remains underrepresented. Rudimentary cross-asset diversification is possible at FXCC and Oanda, primarily via commodities and index CFDs, but both remain high-quality Forex brokers at their core.

Typical Spreads and Fees

Average Trading Cost EUR/USD	0.9 pips	N/A
Average Trading Cost GBP/USD	1.3 pips	N/A
Average Trading Cost WTI Crude Oil	$0.03	N/A
Average Trading Cost Gold	$0.30	N/A
Average Trading Cost Bitcoin	$62	N/A
Minimum Raw Spreads	0.0 pips	N/A
Minimum Standard Spreads	0.6 pips	N/A
Minimum Commission for Forex	$5.00 per round lot	N/A
Deposit Fee		N/A
Withdrawal Fee		N/A
Inactivity Fee	$10 monhtly after 12 months	N/A
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While both brokers offer raw spreads of 0.0 pips, they remain commission-free at FXCC versus a $5.00 commission at Oanda. The Oanda commission ranks among the most competitive ones, but FXCC provides traders with an edge. The advantage narrows with average trading costs but it remains cheaper than Oanda plus available rebates.

Security and Trust

Country of the Regulator	Australia, Canada, Japan, Malta, Singapore, United Kingdom, United States, British Virgin Islands	N/A
Name of the Regulator	ASIC, BVIFSC, CFTC, FCA, FSA, IIROC, MAS, MFSA	CySEC, VFSC
Regulatory License Number	Undisclosed, 0325821, 542574, C95813, 412981, 2137, CMS100122-4, SIBA/L/20/1130	N/A
Regulatory Tier	1, 1, 1, 1, 1, 1, 1, 4	N/A
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FXCC has fewer regulators than Oanda and caters to most international traders from its unregulated but duly registered Vanuatu subsidiary, company registration number 14576. Both provide clients with an equally secure, trustworthy trading environment and a clean track record. Segregation of client deposits from corporate funds and negative balance protection are available at FXCC and Oanda. Subsidiaries in the UK and Cyprus also have investor compensation funds.

FXCC vs OANDA – Verdict

FXCC

Oanda

FXCC and Oanda are high-quality Forex brokers with limited cross-asset exposure, with equities missing. Oanda offers a notably better MT4 trading environment with its 28-plugin upgrade, but FXCC presents an overall better product and services portfolio. It includes commission-free spreads as low as 0.0 pips, maximum leverage of 1:500, ideal for scalpers, and daily trading signals for beginners.

You might also be interested in reviewing the below broker comparisons:

• Oanda vs Alpari
• Oanda vs FXCM
• Oanda vs Avatrade
• FXCC vs Exness
• FXCC vs FXTM
• FXCC vs FBS

FAQs

Can Oanda be trusted?

Oanda is a well-trusted and secure broker with a comprehensive regulatory environment, full compliance, and a clean record.

Is Oanda good for forex?

Oanda ranks among the leading Forex brokers due to a broad choice of currency pairs and low trading costs.

Does Oanda trade against clients?

Oanda is a market maker/ECN hybrid and takes the opposite side of trades where it acts as the direct counterparty, profiting from client losses.

Which US Forex broker has the lowest spread?

Commission-based Forex brokers usually offer the lowest spreads, starting from 0.0 pips, with FXCC an exception, as it grants it with its commission-free cost structure.

What is the minimum deposit for Oanda?

The minimum deposit for Oanda is $100.

Which Forex broker has the tightest spread?

Commission-based Forex brokers have the tightest spreads, as they generally grant access to raw market spreads free of internal mark-ups.