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Oanda vs DecodeFX
Both forex brokers have built a positive reputation, and feedback from our members supports that.
That said, Oanda currently holds a lower overall rating (3.8) compared to DecodeFX (4.4).
Oanda has a lower minimum deposit, at 0.0.
Both platforms offer their clients demo accounts, mobile trading.
Oanda offers a lower maximum leverage of 1:50, whereas DecodeFX allows trading with up to 1:500.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 0.0 | 100.0 |
| Commission | 50.0 | - |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 4,5 |
| Minimum lot size | 0.1 | 0.01 |
| Maximum lot size | 600.0 | - |
| Spread | Variable | - |
| Broker type | Market Maker | STP, Pro |
| Maximal leverage (1:?) | 50 | 500 |
| Availability | Market Maker | STP, Pro |
| Regulation | NFA (US) | - |
| Trading Platforms | MetaTrader 4 (MT4), Web Platform, Mobile Platform | MetaTrader 4 (MT4) |
| Funding/Withdrawal methods | Wire Transfer, ACH deposit | Wire Transfer, UnionPay, FasaPay, WeChat Pay, PayTrust, Dragonpay, USDT |
| Account Currency | USD, GBP, EUR, CHF, JPY, CAD, SGD, HKD, AUD | USD, GBP, EUR, SGD, AUD |
| Languages | English, Spanish, Chinese | English, Chinese |
| Country | United States | Vanuatu |
| Trading platform(s) timezone | Canada, Japan, Singapore, United Kingdom | Vanuatu |
| Other trading instruments | Cryptocurrency, Forex | - |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
