Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
You need replies from people who have used both, and can offer direct, personal insight into each from their own experience.
That's not me (just so you know).
I'm a former forex trader (now trade mostly futures and some spreadbetting).
I did a lot of "due diligence" about countless brokerages, and have used many over the decades. I've never used forex.com. Every time I did any "due diligence" I quickly ran a mile from looking any further at them, and decided long ago (and on more than one occasion) that I wouldn't touch them with a barge-pole. I appreciate that this, in itself, isn't helpful to you as I can't now remember why enough to go into any detail. But for what it's worth (if anything) I have an overriding impression that it's far from a good brokerage.
Oanda I've used extensively, over many years (still have a little account there but rarely use it) and I feel I can recommend them. I've always been satisfied that they're honest, reliable, decent and ethical. They're a counterparty market-maker, of course, not really a "broker" at all, and (unlike many) they say so fairly openly and honestly.
My own impression (after quite a lot of varied experiences with forex "brokers" over a long time-period) is that if you need to trade with a counterparty market-maker, there are certainly many truly horrible ones around, and that you're really going to have to look long and hard to find a better one, overall, than Oanda.
