Online trading can generate good returns for your investment. This is the reason why millions of people across the world are indulging in it. There are several online brokers but you have to select a broker after a thorough analysis. Traders can see the results between Forex.com vs Oanda below. Each point is covered to assist them to select the best broker. Apart from these two, PrimeFin is a more reliable option for online trading in leading financial markets.
Overall Rating: Forex.com vs Oanda
|Basis of Rating||Forex.com||Oanda|
|Commission & Fee|
Regulation & Investors’ Protection: Forex.com vs Oanda
|Overall Trust Score||93||89|
|Regulations||FSA (Japan), FCA (UK), IIROC (Canada), and CFTC (USA)||ASIC (Australia), FSA (Japan), FCA (UK), and more|
Tradable Products: Forex.com vs Oanda
|Social Trading/Copy Trading||No||Yes|
Deposit and Withdrawal: Forex.com vs Oanda
|Bank Wire Transfer||Yes||Yes|
|Debit & Credit Cards||Yes||Yes|
Trading Platforms: Forex.com vs Oanda
Trading Tools:Forex.com vs Oanda
|Charting Drawing Tools||25||431|
|Multiple Order Types||Yes||Yes|
|Charting- Drawing Autosave||Yes||Yes|
Educational Resources: Forex.com vs Oanda
Research Tools:Forex.com vs Oanda
|Daily Market Commentary||Yes||Yes|
Other Features:Forex.com vs Oanda
|Spreads & Swaps||Yes||Yes|
PrimeFin is a well-regulated broker that is operated by the IFC Investments Cyprus Ltd. The company is authorized and regulated by the Cyprus Securities and Commission Exchange (CySEC).
Traders get easy access to the financial markets along with more than 350 trading assets. The assets include stocks, currencies, commodities, indices, and others. Traders get three types of live accounts and a demo account plus an Islamic account feature.
With Primefin, traders can enjoy high trading leverage that is 1:30 for retail traders and 1:500 for professional traders. It is a commission-free broker which offers a wide variety of educational material and analytical tools.
Trader on reliable trading platforms that are MetaTrader 4, WebTrader, and a Mobile app. Enjoy high returns on investments by utilizing the features of the broker.
The Bottom Line
A trader can compare which is the best broker and choose the one more suitable according to the requirements. Forex.com vs Oanda, all the points are covered for comparison. You can also consider primefin, it is an emerging broker but offers the finest features.