Oanda vs Capital.com - 2024 Comparison | FxScouts
EditorEditor: Chris CammackUpdated: November 15, 2023

Last Updated On November 15, 2023

Björn Michels

Trading with a reputable online broker is a crucial factor for success in the international markets. At FxScouts, we help you find the broker that suits your trading needs.

Each year we spend thousands of hours testing brokers by opening accounts, testing their platforms, and rating them according to a set of over 200 metrics. We deposit real money with the brokers to ensure that the products and user experience they advertise are consistent with reality.

We have found that the best way for traders to choose a broker is to compare brokers side-by-side. The comparison tool below allows you to compare two brokers based on their ratings and features.

Select brokers to compare

Select brokers to compare

How do Capital.com and Oanda stack up against each other?

The Radar Chart below highlights how the brokers stack up against each other across various metrics. The highest score a broker can receive in each area is 5.

Capital.com

Oanda

At FxScouts, we help traders find the broker that suits their trading needs. In many cases, the best way to achieve this is to compare brokers side-by-side.

To compare Capital.com and Oanda, we used the same factors we use when reviewing brokers: The trust and regulation of the broker, the trading platform, the costs and trading conditions, and the level of education and market analysis available at the broker.

Does Capital.com or Oanda have a better trust and regulation rating?

Trust and regulation are some of the most important factors to consider when choosing a Forex broker. Trust in the Forex trading business is almost entirely founded upon regulation. We spend many hours evaluating the safety of each broker by delving into their fine print and confirming each one of their regulatory licences on the online registers. The more top-tier authorities a broker is regulated by, the higher its trust rating.

In our comparison, we found that Capital.com holds four Tier 1 and no Tier 2 licences, and Oanda holds three Tier 1 and no Tier 2 licences.

 

Is Oanda financially regulated?

Yes Oanda was founded in 1996 and is regulated by ASIC, B.V.I FSC, FCA, IIROC, MAS and FSA-Seychelles.

 

Is Capital.com financially regulated?

Yes Capital.com was founded in 2016 and is regulated by ASIC, CySEC, FCA and SCB.

 

Based on these findings, Oanda earned a higher trust rating than Capital.com.

Does Capital.com or Oanda have lower costs?

Another important aspect we consider when comparing brokers is the cost of trading. When evaluating trading costs, we always consider the minimum deposit required to open an account and the ongoing trading costs, including the spreads and commissions. When calculating trading costs, we measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit. The cost includes both the spread and any commission charged. 

Not all brokers publish their trading costs, so we often open accounts and trade on their platforms to verify the spreads and commissions. Based on our reviews, we found that Capital.com has overall lower trading costs than Oanda. 

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Broker
Trading Conditions
Base Currencies
EURUSD (Standard)
Trading Cost (Standard)
EURUSD (Best)
GBPUSD (Best)
USDJPY (Best)
Commission
Oanda
111104/ 5
USD, EUR, SGD, HKD
1.00 pips
USD 10
0.20 pips
0.20 pips
0.20 pips
USD 0
Capital.com
111115/ 5
USD, EUR, GBP, CHF, AED, MXN
0.60 pips
USD 6
0.60 pips
1.30 pips
0.80 pips
USD 0

 

Does Capital.com or Oanda offer a better choice of trading platforms?

Traders want Forex brokers to offer them a choice of trading platforms, so we give brokers who offer multiple platforms higher ratings. Trading platforms we consider include MetaTrader4, MetaTrader5, cTrader and proprietary mobile and web-based platforms. 

In this case, Capital.com offers support for MT4 and Capital.com and Oanda offers support for MT4 and MT5. 

Do the brokers offer copy trading?

In this case both Capital.com and Oanda offer copy trading.

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Broker
Platform Choice
Copy Trading
Platforms
Oanda
11110.54.5/ 5
Capital.com
11110.54.5/ 5
Capital.com, MT4

 

Which broker offers a better choice of trading instruments?

A variety of CFD instruments – and a large range of CFDs for each instrument category allow traders more opportunities for profitable trading. The best brokers will have thousands of CFDs to trade, covering all these instrument categories. We found that Capital.com offers a greater range and depth of instruments to trade than Oanda. Capital.com offers 125 Forex pairs to trade and Oanda offers 45 Forex pairs to trade.

Toplist Forex Pairs

And what about Cryptocurrencies?

In this case, Capital.com offers 111 cryptocurrencies while Oanda offers 4 cryptocurrencies. So if you want to trade cryptocurrencies, we advise trading with Capital.com.

Which broker offers better deposit and withdrawal processes?

Although brokers may have reasonable trading fees, many traders are caught out by the high non-trading fees charged by some brokers, including deposits and withdrawals. Traders want to be able to deposit and withdraw funds quickly and cheaply. Most brokers have multiple funding methods with zero fees for making deposits, but some brokers make it more expensive and take longer to process withdrawals. 

We rate brokers more highly that process withdrawals within 24 hours by multiple withdrawal methods and without charging processing fees. We found that Oanda charges a withdrawal fee and Capital.com does not. Overall, Oanda has better deposit and withdrawal processes than Capital.com. 

Which broker offers better educational support?

We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas. 

Capital.com has better educational support than Oanda. Both Capital.com and Oanda offer educational support for more experienced traders.

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Broker
Beginner Course
Advanced Course
Oanda
Capital.com

 

Which broker offers better market analysis materials?

To successfully predict the price movements of an instrument, traders will need access to frequent market research and analysis. We find that research and market analysis are always better when they are produced in-house and updated frequently. Third-party resources don’t show the same expertise in trading ideas, so we place a strong emphasis on frequent in-house updates. Some brokers also often offer interactive webinars where traders can learn from experts in the field. 

We found that Capital.com offers better research analysis than Oanda and that both Capital.com and Oanda offer frequent webinars.

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Broker
Economic Calendar
Autochartist
Trading Central
Trading View
Free VPS
Oanda
Capital.com

 

Our overall Verdict on Capital.com

Capital.com no longer accepts Malaysian clients. This review is for informational purposes only. If you are looking for a broker that is similar to Capital.com, consider reading the Pepperstone and IC Markets reviews.

With one of the lowest-cost trading environments in the industry and a large number of tradable assets, Capital.com provides a welcoming environment for both beginners and professional traders looking for a new MT4 broker. 

A well-regulated broker, Capital.com offers trading on an extensive range of tradable instruments, including over 138 Forex pairs, over 3600 share CFDs, 22 indices, 22 commodities, and over 200 cryptocurrencies - one of the largest sets in the industry.

Although Capital.com only offers one trading account its trading costs are significantly lower than average, with spreads starting at 0.60 pips on the EUR/USD and no commission. Additionally, no fees are charged for deposits, withdrawals, or on inactive accounts. Unlike other brokers, Capital.com charges swap fees based only on the leverage provided rather than the trading position's entire value. This is a welcome development in an industry where extra fees are charged on most transactions. 

Trading is offered on MT4 and Capital.com's award-winning proprietary web platform, and customer service is available 24/7 to help with any technical queries. Notable is Capital.com’s world-class educational and market analysis section, providing exceptional value for beginner and experienced traders alike.

One drawback is the lack of technical and fundamental analysis tools on offer. Most other brokers offer tools like Autochartist, Trading Central, and free VPS services, to help traders make better trading decisions.  Additionally, Malaysians will be disappointed that Capital.com does not offer Islamic Swap-Free accounts.  

Our overall Verdict on Oanda

A popular broker in Malaysia, OANDA has a comprehensive education suite, no minimum deposit requirements, low trading fees, and a great mobile trading app. However, Malaysian traders may be concerned that OANDA’s global entity has very little regulatory oversight and that they are not offered negative balance protection. 

Traders may also be disappointed by the relative lack of financial instruments and high withdrawal fees, but OANDA offers support for both the MT4 and MT5 platforms in addition to a great range of trading tools and detailed market analysis. 

Despite the poor regulatory oversight and small range of trading instruments, OANDA is a good all-round broker. It has a decent Islamic trading account and the low fees will attract many traders. And with the introduction of MT5 support, we expect that the number of trading instruments will increase in the near future. 

Which broker has the highest overall rating?

Capital.com has an overall rating of 4.78 and Oanda has an overall rating of 4.25. For more detail please read our reviews of Capital.com and Oanda.

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