OANDA
Firstrade
VS
Higher Rated
OANDA
Capital at risk · T&Cs apply
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 | 4.1/5 ✓ | 3.4/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0.6 pips | 0 pips ✓ |
| Max Leverage | 1:50 ✓ | 1:2 |
| Regulation | FCA, CFTC, ASIC ✓ | SEC, CFTC |
| Platforms | MT4, Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
OANDA is the better choice overall, scoring 4.1/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Firstrade offers lower spreads (0 pips).
See full side-by-side comparison belowOANDA
WinnerFirstrade
OANDA
Firstrade
Lower feesOANDA holds licences from FCA, CFTC, ASIC. Firstrade is regulated by SEC, CFTC.
Both brokers offer access to Indices markets. OANDA additionally covers Forex, Cfd, Commodities. Firstrade adds Stocks.
On spreads, Firstrade is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at OANDA.
OANDA supports MT4, Proprietary Web, Proprietary Mobile. Firstrade offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
OANDA requires no minimum deposit, while Firstrade sets no minimum deposit. This makes OANDA accessible to traders with any budget.
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.
OANDA
4.1/5
Choose OANDA if you want…
Firstrade
3.4/5
Choose Firstrade if you want…
OANDA scores higher overall on our independent rating system. OANDA holds a 4.1/5 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.
OANDA offers spreads from 0.6 pips, while Firstrade starts at 0 pips. Check the fees section above for a full breakdown.
OANDA requires a minimum deposit of $0. Firstrade requires $0.
OANDA is regulated by FCA, CFTC, ASIC, MAS, while Firstrade holds licences from SEC, CFTC.
OANDA supports MT4, Proprietary Web, Proprietary Mobile. Firstrade supports Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.