Compare forex brokers Fort Financial Services VS Oanda

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

FORT FINANCIAL SERVICES VS OANDA

Fort Financial Services
Fort Financial Services Overview

The Fort Financial Services company has been founded in 2010 by a team of professionals with a long experience of work in the sphere of financial activities. Its benefit is the addition of high-quality brokerage services by a number of the accompanying services urged to increase overall performance as beginning traders, so the professionals of the Forex market.

OANDA
OANDA Overview

OANDA is one of the early pioneers of online forex brokers, established in the mid-1990s. The company is said to be founded by Dr. Michael Stumm and Dr. Richard Olsen. When the online trading platform FXTrade was launched in 2001, it was the first fully automated forex trading platform.

# Broker's Features FORT FINANCIAL SERVICES Availability OANDA 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 Fort Financial Services vs Oanda.

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. Fort Financial Services offers Online Financial Trading and Investment Services Such as Forex, Forex without spread, Futures, Stock, ETF,, while Oanda offers N/A.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. Fort Financial Services is Broker, ECN, STP, while Oanda is Market Maker, No dealing desk.

Minimum Deposit Requirement: To compare these two FX brokers, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. Fort Financial Services recommended minimum capital is 5, while Oanda has a Minimum Deposit Requirement of .

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. Fort Financial Services is regulated by IFSC, while Oanda regulated by CFTC, DFSA, FSA, IIROC, MAS, NFA. 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. Fort Financial Services offers USD, EUR different account currencies for each account types, while Oanda offers account currencies.

Languages Available: Next lets have a look at each broker's different Language options. Fort Financial Services offers English, Malaysian, Chinese, Portuguese, Indonesia, while Oanda offers Chinese, English, French, German, Japanese, Korean Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. Fort Financial Services offers RBK Money, Payment cards, Bank Transfer, QIWI, Skrill, Webmoney, SWIFT, CONTACT, Perfect Money, FasaPay different payment methods for each account types, while Oanda offers Credit/Debit Cards, PayPal, Bank Wire Transfer payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Fort Financial Services makes MT4, CQG, NINJA, Binary Trading Platform available to clients, while Oanda offers MT4, Oanda fxTrade.

The Verdict: Fort Financial Services or Oanda?

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

Objectively, Fort Financial Services is more reliable based on our criteria above. Fort Financial Services has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. Fort Financial Services offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. Fort Financial Services 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. One of the criteria we looked at before opening an account on a forex broker is the minimum deposit amount. Fort Financial Services broker offers lower minimum deposit requirement. As Fort Financial Services offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades. Only Fort Financial Services provides training and education resources which is extremely critical to beginner traders who may not be familiar with most of what goes on in the Forex markets.

What We Don’t Like on Oanda

Oanda has a limited product portfolio as it offers only forex CFDs. The customer support has a lot to improve as it is slow and provides irrelevant. The money withdrawal can be pricey.

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.

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