FXCM
Available in your country FXCM operates in India and accepts local clients through its Saint Vincent and the Grenadines entity.
66% of retail investor accounts lose money when trading CFDs with this provider. Under FEMA, the RBI does not allow residents of India to send margin to brokers abroad.
Oanda
Not available in your country Oanda is not available in India.
76.6% of retail investor accounts lose money when trading CFDs with this provider. Under FEMA, the RBI does not allow residents of India to send margin to brokers abroad.
Best for
What we compare A comparison of the kinds of traders FXCM and Oanda are best suited to, based on what each one actually offers in India.Oanda is better than FXCM for day traders, professional traders and futures traders. Both are a good fit for high-volume traders, scalpers and swing traders.
| Overall score | FXCM 82 | Oanda 82 |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise FXCM and the ones that supervise Oanda.FXCM and Oanda are both regulated by top-tier authorities, FXCM by CySEC, ASIC (Australia) and the FCA (United Kingdom) and Oanda by KNF, ASIC (Australia) and the CFTC (United States). Oanda does not operate in India.
| Section score | FXCM 100 | Oanda 100 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | ||
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that FXCM and Oanda have in place to protect your money in India.Both FXCM and Oanda offer segregated client funds and two-factor authentication.
| Section score | FXCM 66 | Oanda 66 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 1999 | 1996 |
| Parent company i | Jefferies Financial Group | OANDA Group |
| CEO i | Brendan Callan | Gavin Bambury |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | N/A | N/A |
| Brand power | ||
| Number of customers worldwide i | ||
| Annual revenue i | US$16,900,000 | |
| Monthly website search traffic i | 383.6K monthly visits | |
Costs
What we compare A comparison of what it costs to trade with FXCM and with Oanda in India, both on each trade and on holding the account.Oanda is better than FXCM for costs, given that Oanda is cheaper on EUR/USD, at US$5.5 per lot (against FXCM's US$11.68), has tighter S&P 500 CFD spreads, at 0.49 points (against FXCM's 0.6 points), and charges lower US stock CFD fees, at US$0.1 (against FXCM's US$0.23). Neither FXCM nor Oanda charges account maintenance fees or deposit fees.
| Section score | FXCM 43 -41 | Oanda 84 Best |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | US$8 | Free |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | US$11.68 | US$5.5 |
| S&P 500 fees (CFD) i | 0.6 points | 0.49 points |
| Gold fees (CFD) i | 0.3 points | 0.57 points |
| Bitcoin fees (CFD) i | US$20 | US$40 |
| US stocks fees (CFD) i | US$0.23 | US$0.1 |
| Fees on stocks | ||
| Stock fee type i | Spread | Percentage |
| US stocks fees (real) i | ||
| ETF fees (real) i | ||
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | ||
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | ||
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with FXCM and with Oanda in India, and of how many instruments each one gives access to.Oanda is better than FXCM for available markets, as Oanda offers futures on crypto and forex, which FXCM does not. Both FXCM and Oanda offer CFDs on commodities, crypto, forex, indices and stocks.
| Section score | FXCM 75 -25 | Oanda 100 Best |
|---|---|---|
| Total tradable symbols i | 2,800 | 1,500 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, Forex, Indices, Stocks | Commodities, Crypto, Forex, Indices, Stocks |
| Futures i | Crypto, Forex | |
| Options i | ||
| Assets you can own i |
Platform
What we compare A comparison of the trading platforms that FXCM and Oanda make available to their clients in India.FXCM is better than Oanda for platforms, because FXCM offers social trading, copy trading and ZuluTrade, which Oanda does not. FXCM and Oanda both offer a proprietary platform and MetaTrader 4.
| Section score | FXCM 94 Best | Oanda 91 -3 |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of FXCM and Oanda in India, and of what each one lets you do from your phone.FXCM is better than Oanda for mobile trading, given that FXCM offers a social trading app, a copy trading app and mobile trading signals, which Oanda does not. FXCM and Oanda both offer a proprietary mobile app and the MetaTrader 4 app.
| Section score | FXCM 100 Best | Oanda 86 -14 |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that FXCM and Oanda allow on their platforms in India.FXCM is better than Oanda for trading features, since FXCM offers guaranteed stop losses, which Oanda does not. Both FXCM and Oanda offer negative balance protection and trailing stops.
| Section score | FXCM 96 Best | Oanda 83 -13 |
|---|---|---|
| Trade execution | ||
| Broker type i | Agency | Agency |
| Average execution time i | 17 ms | |
| Slippage occurrence i | 14.64% | |
| Requotes occurrence i | ||
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 1000:1 | 888:1 |
| Minor/Exotic FX pairs leverage i | 1000:1 | 888:1 |
| Major indices leverage i | 1000:1 | 888:1 |
| Minor indices leverage i | 1000:1 | 200:1 |
| Gold leverage i | 1000:1 | 888:1 |
| Commodities leverage i | 1000:1 | 100:1 |
| Equities leverage i | 20:1 | 20:1 |
| Cryptocurrency leverage i | 400:1 | 10:1 |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | US$0 | US$0 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at FXCM and at Oanda in India, and of who each one is meant for.FXCM is better than Oanda for account types, since FXCM offers an Islamic account, a copy trading account and a micro account, which Oanda does not. FXCM and Oanda both offer a demo account and an unlimited demo account.
| Section score | FXCM 57 Best | Oanda 53 -4 |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with FXCM and with Oanda in India.FXCM and Oanda are equally good for account opening, since FXCM offers 5 account base currencies (against Oanda's 1), and credits deposits faster, within 1 day (against Oanda's 2 days). On the other hand, Oanda does not require a minimum deposit (against FXCM's US$50), and offers local payment methods. Both FXCM and Oanda offer credit cards and debit cards. Oanda does not operate in India.
| Section score | FXCM 82 | Oanda 80 -2 |
|---|---|---|
| Minimum deposit i | US$50 | US$0 |
| Minimum withdrawal i | US$0 | US$0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | Neteller, Skrill | Neteller, Skrill |
| Local payment methods i | ||
| Account base currencies i | AUD, CHF, EUR, GBP, USD | USD |
| Deposit waiting time i | up to 1 business days | up to 2 business days |
| Withdrawal waiting time i | up to 2 business days | up to 2 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of FXCM and Oanda in India, in how it can be reached and how fast it answers.FXCM is better than Oanda for customer care, since FXCM offers customer support in 13 languages (against Oanda's 5), and has a website in 13 languages (against Oanda's 7). Both FXCM and Oanda offer phone support and live chat.
| Section score | FXCM 67 Best | Oanda 46 -21 |
|---|---|---|
| Number of languages supported i | 13 | 7 |
| Website languages i | Arabic, German, Greek, English, French, Hebrew, Indonesian, Malay, Portuguese, Spanish, Tagalog, Vietnamese, Chinese | German, English, French, Italian, Russian, Spanish, Chinese |
| Website available in English i | ||
| Customer support languages i | Arabic, German, Greek, English, French, Hebrew, Indonesian, Malay, Portuguese, Spanish, Tagalog, Vietnamese, Chinese | German, English, Russian, Spanish, Chinese |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that FXCM and Oanda provide to their clients in India.FXCM is better than Oanda for learning, because FXCM offers professional reports and daily market commentary, which Oanda does not. FXCM and Oanda both offer education for advanced traders and webinars.
| Section score | FXCM 100 Best | Oanda 80 -20 |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
FXCM vs Oanda: which one should you choose?
FXCM
CFD/FX Choose FXCM, regulated by CySEC and ASIC, if you want an online CFD broker with a wide choice of markets, professional reports, and copy and social trading.
Open Account 66% of retail investor accounts lose money when trading CFDs with this provider. Under FEMA, the RBI does not allow residents of India to send margin to brokers abroad.
Oanda
CFD/FX Choose Oanda, regulated by the KNF and ASIC, if you want a forex brokerage service with low trading costs, no minimum deposit and MetaTrader 5 and live in a country where it accepts clients.
Not available in India 76.6% of retail investor accounts lose money when trading CFDs with this provider. Under FEMA, the RBI does not allow residents of India to send margin to brokers abroad.Other popular comparisons
Below are other head-to-head comparisons that include FXCM or Oanda, each scored with the same data and method as this page.
