Compare forex brokers FOREXcom VS Oinvest Za

If you're choosing between FOREXcom and Oinvest Za forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is FOREXcom better than Oinvest Za? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

FOREXCOM VS OINVEST ZA

FOREXcom
FOREXcom Overview

Forex.com is currently one of the larger online brokers that is cornering the U.S online retail trading scene. The trading platform is owned and managed by a holding company known as GAIN Capital which is in direct competition with FXCM for the domination of the U.S market.

Oinvest ZA
Oinvest ZA Overview

Oinvest ZA is a South Africa-based online FX and CFD broker, established in 2018 that delivers its trading suite using the MT4 trading platform.

# Broker's Features FOREXCOM Availability OINVEST ZA Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare FOREXcom vs Oinvest Za.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. FOREXcom offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, CFD, Cryptocurrency, while Oinvest Za offers Currencies, Commodities, Indices, Stocks, Cryptocurrency.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. FOREXcom is Market Maker, while Oinvest Za is STP.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. FOREXcom is regulated by CFTC, NFA, while Oinvest Za regulated by FSCA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Account currencies: Next lets consider the Account currencies each broker offers. FOREXcom offers EUR, GBP, USD, AUD, CAD, CHF, JPY different account currencies for each account types, while Oinvest Za offers EUR, USD account currencies.

Languages Available: Next lets have a look at each broker's different Language options. FOREXcom offers Arabic, English, Japanese, Russian, Chinese, Arabic., while Oinvest Za offers English, Spanish, Czech, Chinese, German, French, Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. FOREXcom offers Credit/Debit Cards, Bank Wire Transfer different payment methods for each account types, while Oinvest Za offers Credit/Debit Cards, Neteller, Skrill, Bank Wire Transfer payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, FOREXcom makes MT4, WebTrader available to clients, while Oinvest Za offers MT4.

The Verdict: FOREXcom or Oinvest Za?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, FOREXcom is more reliable based on our criteria above. Regulations play a huge role in protecting the traders/investors interest as they compel the financial service providers such as forex brokers to act in a fair and ethical manner. FOREXcom broker is regulated in more major hubs. FOREXcom offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. FOREXcom offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. As a market maker, FOREXcom may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

What We Really Like on FOREXcom

Forex.com has low forex fees and a wide currency pair offer. It has also great and diverse technical research tools.

What We’d Like More on FOREXcom

The product portfolio is limited, providing only forex and CFDs. The stock CFD fees are high. Its desktop trading platform is not user-friendly.

Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.

Are you Satisfied with what They Offer?