Compare OANDA and Forex.com using the same evidence standard for regulation, risk, transparency, reputation, disclosure and contracting-entity protection.
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 / internationalData as of:
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.
OANDA or Forex.com: matching entities in the US, UK and Australia
Both brands have US, UK and Australian entities in FXCN's records, and OANDA also has a Singapore entity. For a US resident, both serve you through an NFA-registered company under US retail forex rules (2% margin on majors, 5% on others). For UK and Australian residents, both fall under roughly 30:1 retail rules. Forex.com's UK and Australian companies trade under the StoneX name.
Licence data from FXCN records (dates in table). Rules checked 11 October 2026. This page recommends neither firm.
1. Which company is likely to serve you FXCN records
If you live in
OANDA entity recorded
Forex.com entity recorded
Rules
United States
OANDA Corporation, NFA ID 0325821 (checked 9 Oct 2026)
GAIN Capital Group LLC, NFA 0339826 (checked 30 Aug 2026)
17 CFR 5.9: 2% / 5% security deposit; check both on NFA BASIC
United Kingdom
OANDA Europe Limited, FRN 542574
StoneX Financial Ltd, FRN 446717; second record (Gain Capital - Forex.Com UK Limited, FRN 190864) unverified
FCA COBS 22.5; FSCS up to £85,000
Australia
OANDA Australia Pty Ltd, 412981
StoneX Financial Pty Ltd, 345646
ASIC order; CSLR excludes FX and derivatives
Singapore
OANDA Asia Pacific Pte Ltd, 200704926K
None recorded
not verified here
2. Two US-specific checks
NFA BASIC shows registration, NFA membership and disciplinary history; NFA says all registered retail foreign exchange dealers must be NFA members.
Salespeople who solicit retail forex orders must be registered as associated persons and approved as forex APs; you can look them up too.
3. Checks before you sign
Confirm the entityin your agreement, noting that Forex.com's UK and Australian entities are StoneX companies.
Search the matching register,or start with the licence check.
Compare costs within the same jurisdiction.
4. Questions
US leverage is 50:1. Is a US account riskier?
The cap sets the largest position you can open; your risk depends on the position you actually take. See leverage.
Why are there two Forex.com UK records?
FXCN holds an active record for StoneX Financial Ltd and an unverified one for Gain Capital - Forex.Com UK Limited. Check the FCA register to see which applies to your account.
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
ASICT1 Australia · ASIC Entity: OANDA Australia Pty Ltd
1:30
No statutory investor compensation scheme
Mandatory
FCAT1 United Kingdom · FCA Entity: OANDA Europe Limited
1:30
FSCS, up to £85,000 per person
Mandatory
MAST1 Singapore · MAS Entity: OANDA Asia Pacific Pte Ltd
1:20
No statutory investor compensation scheme
Not recorded
NFAT1 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
ASICT1 Australia · ASIC Entity: StoneX Financial Pty Ltd
1:30
No statutory investor compensation scheme
Mandatory
FCAT1 United Kingdom · FCA Entity: StoneX Financial Ltd
1:30
FSCS, up to £85,000 per person
Mandatory
FCAT1Unverified United Kingdom · FCA Entity: Gain Capital - Forex.Com UK Limited
1:30
FSCS, up to £85,000 per person
Mandatory
NFAT1 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 2026-08Source: FCA Checked 2026-08Source: MAS Checked 2026-08Source: 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.
