OANDA vs Firstrade 2026: Which Broker is Better?
Choosing between OANDA and Firstrade depends on your trading style, preferred markets, and budget. OANDA is headquartered in New York, USA. Firstrade has the longer track record, established in 1985, compared to OANDA which was founded in 1996. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
OANDA
Firstrade
| OANDA | Firstrade | |
|---|---|---|
| BrokerRank Score | 4.3/5 ✓ | 3.4/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0.6 pips | 0 pips ✓ |
| Max Leverage | 1:50 ✓ | 1:2 |
| Regulation | CFTC, FCA, ASIC ✓ | SEC, CFTC |
| Platforms | MT4, Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
OANDA is the better choice overall, scoring 4.3/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Firstrade offers lower spreads (0 pips).
See full side-by-side comparison belowOANDA vs Firstrade: Key Differences
OANDA
WinnerFirstrade
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Fees Comparison
OANDA
Firstrade
Lower feesRegulation & Trust
OANDA holds licences from FCA, CFTC, ASIC. Firstrade is regulated by SEC, CFTC.
Markets & Assets
Both brokers offer access to Indices markets. OANDA additionally covers Forex, Cfd, Commodities. Firstrade adds Stocks.
Fees & Spreads
On spreads, Firstrade is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at OANDA.
Trading Platforms
OANDA supports MT4, Proprietary Web, Proprietary Mobile. Firstrade offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
OANDA requires no minimum deposit, while Firstrade sets no minimum deposit. This makes OANDA accessible to traders with any budget.
Overall Ratings
BrokerRank scores OANDA at 4.09/5 and Firstrade at 3.41/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. OANDA leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
OANDA
4.3/5
Choose OANDA if you want…
- Higher overall rating (4.3/5)
- Higher leverage (up to 1:50)
- More regulatory licences (7)
- More market types (4)
Firstrade
3.4/5
Choose Firstrade if you want…
- Tighter spreads (from 0 pips)
- More established (est. 1985)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both OANDA & Firstrade are available in
Frequently Asked Questions
1Is OANDA better than Firstrade?
OANDA scores higher overall on our independent rating system. OANDA holds a 4.3/5 rating vs Firstrade's 3.4/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, OANDA or Firstrade?
OANDA offers spreads from 0.6 pips, while Firstrade starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for OANDA vs Firstrade?
OANDA requires a minimum deposit of $0. Firstrade requires $0.
4Which broker is safer, OANDA or Firstrade?
OANDA is regulated by CFTC, FCA, ASIC, MAS, CIRO, BVI FSC, KNF, while Firstrade holds licences from SEC, CFTC.
5What trading platforms do OANDA and Firstrade support?
OANDA supports MT4, Proprietary Web, Proprietary Mobile. Firstrade supports Proprietary Web, Proprietary Mobile.
6Can I use both OANDA and Firstrade?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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