OANDA vs Forex.com — head-to-head

What this pair helps you decide

This pair compares only fields supported by FXCN evidence. Check the contracting entity and regional conditions before interpreting score differences.

Match US CFTC and NFA registration category and status.
Compare the entity that contracts with you, not the brand alone.
Compare the protection boundary of each contracting jurisdiction.

Markets requiring a separate entity check: US / UK / AU / international Data as of: 2026-08-30

No continuously verified live spreads, commissions, slippage, withdrawal speed, minimum deposit or platform availability are claimed; a blank does not mean the brokers are equal.

WINNER

Brokers A

OANDA

United States · 1996

80.0

Yellow · Caution

Offshore exposure
All onshore

Brokers B

Forex.com

United States · 2001

75.0

Yellow · Caution

Offshore exposure
All onshore

Five-dimension scores

Dimension	Weight	OANDA	Forex.com	Δ
Regulation	0.3	100.0	100.0	+0.0
Risk control	0.2	90.0	80.0	+10.0
Transparency	0.2	85.0	70.0	+15.0
Reputation	0.2	50.0	50.0	+0.0
Disclosure	0.1	50.0	50.0	+0.0

What you actually get at each of these two

You contract with one of the licensed entities below, not with the brand. Protection differs enormously between jurisdictions — this section matters an order of magnitude more than spreads.

OANDA

Licenses compared	Retail leverage cap	Investor compensation	Negative balance protection
ASIC T1 Australia · ASIC Entity: OANDA Australia Pty Ltd	1:30	No statutory investor compensation scheme	Mandatory
FCA T1 United Kingdom · FCA Entity: OANDA Europe Limited	1:30	FSCS, up to £85,000 per person	Mandatory
MAS T1 Singapore · MAS Entity: OANDA Asia Pacific Pte Ltd	1:20	No statutory investor compensation scheme	Not recorded
NFA T1 United States · NFA / CFTC Entity: OANDA Corporation	1:50	No investor compensation scheme; SIPC does not cover retail forex	Not recorded

Forex.com

Licenses compared	Retail leverage cap	Investor compensation	Negative balance protection
ASIC T1 Australia · ASIC Entity: StoneX Financial Pty Ltd	1:30	No statutory investor compensation scheme	Mandatory
FCA T1 United Kingdom · FCA Entity: StoneX Financial Ltd	1:30	FSCS, up to £85,000 per person	Mandatory
FCA T1 Unverified United Kingdom · FCA	1:30	FSCS, up to £85,000 per person	Mandatory
NFA T1 United States · NFA / CFTC Entity: GAIN Capital Group LLC	1:50	No investor compensation scheme; SIPC does not cover retail forex	Not recorded

Leverage caps, compensation limits and negative balance protection are the jurisdiction’s general rules for retail clients, not a promise by any individual broker; professional clients are treated differently. The licensed entity that onboards you governs in practice.
Source: ASIC Checked 2026-08 Source: FCA Checked 2026-08 Source: MAS Checked 2026-08 Source: NFA Checked 2026-08

Verdict

Under our open-source scoring, OANDA (80.0) ranks above Forex.com (75.0), a gap of 5.0 points. But scores are only a decision aid — what actually drives your risk is which jurisdiction the entity that onboards you sits in. Check the protection table above.