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
	Get Started	Get Started

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
	Get Started	Get Started

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
	Get Started	Get Started

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
	Get Started	Get Started

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
	Get Started	Get Started

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

Pros	Cons
Commission-free raw spreads from 0 pips with average cost of 0.5 pips	Equity trading not available
One account type with no minimum deposits and high leverage
Quality education for beginner traders and daily trading signals
Full support for algorithmic and social

Oanda

Pros	Cons
Excellent 28-tool MT4 upgrade package	Limited asset selection with equities missing
Trustworthy broker with more than 25 years of experience	No modern payment processors
Competitive pricing environment
Quality market commentary on the Oanda blog MarketPulse

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

Read full Oanda Review

Read full FXCC Review