FP Markets vs Oanda Comparison

Last updated May 30, 2025
FP Markets LogoFP Markets
4.7/5
RegisterTrading CFDs carries high risks. You may lose all invested funds
VS
Oanda LogoOanda
4.3/5
Register71-76.6% of retail investors lose money when trading CFDs with this broker

We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.

Comparison Table of FP Markets and Oanda

BrokerFP MarketsOanda
Rating
4.7/5
4.3/5
Foundation Year20052001
Regulated in CountriesAustralia, Cyprus, South Africa, Saint Vincent and the Grenadines, SeychellesUnited States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, Poland
Minimum Deposit
  • 100 USD
  • 100 EUR
  • 100 AUD
  • 1 USD
  • 1 EUR
  • 1 AUD
  • 1 CHF
  • 1 SGD
  • 1 HKD
Spreadfrom 0 pointsfrom 0.5 points
Max Leverage1:5001:200
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • ETF
  • Bonds
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • Cryptocurrency
Trading Platforms
  • MetaTrader 4
  • MetaTrader 5
  • cTrader
  • TradingView
  • MetaTrader 5
  • MetaTrader 4
  • TradingView
  • fxTrade
ReviewFP Markets Review Oanda Review

FP Markets is optimal for scalpers and algorithmic traders with ECN spreads of 0 pips, active Forex traders, as well as investors interested in copy trading and DMA stocks.

Oanda is suitable for beginners and experienced traders, thanks to quality analytics and various educational materials.

FP Markets Review

FP Markets Logo
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
Forex Precious Metals Energy Carriers Soft Commodities Indices Stocks ETF Bonds Cryptocurrency
Trading Platforms
MetaTrader 4MetaTrader 5cTraderTradingView
compare FP Markets trading accounts

FP Markets successfully combines a strict licensing framework, a fast ECN order book with zero spreads, a rich selection of platforms — ranging from classic MT4/5 to TradingView and Iress DMA — and a developed analytics, education, and 24/7 support infrastructure. This combination makes the broker attractive for active scalpers and algorithmic traders who value speed and moderate commission per lot, as well as for investors preferring copy trading, PAMM/MAM, or DMA stocks via Iress. Beginners will benefit from a low entry of 100 AUD, online courses, and no inactivity fees.

Pros and Cons of FP Markets

Pros

  1. Robust regulation, serious fund protection plus segregated accounts in AA banks.
  2. Competitive trading conditions: spreads from 0 pip, commission 6 USD/lot; execution ≈ 20 ms on the NY4 server.
  3. Rich selection of trading platforms.
  4. Wide range of instruments.
  5. Numerous deposit/withdrawal methods.
  6. Strong analytics and education.
  7. 24/7 support.

Cons

  1. Lack of cent accounts and fixed spread accounts.
  2. Some analytical materials and software are accessible only with a deposit or trading volume.

FP Markets is in the top 10 of the following ratings:

Oanda Review

Oanda Logo
Register71-76.6% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
Forex Precious Metals Energy Carriers Soft Commodities Indices Stocks Cryptocurrency
Trading Platforms
MetaTrader 5MetaTrader 4TradingViewfxTrade
compare Oanda trading accounts

Oanda is an excellent choice for traders seeking a reliable and regulated broker with competitive spreads and various trading assets.

With quality analytics and diverse educational materials, Oanda suits beginners and experienced traders.

Pros and Cons of Oanda

Pros

  1. Tight spreads.
  2. Diverse markets and products.
  3. Advanced trading platforms.
  4. Quality analytics.
  5. Extensive learning section.

Cons

  1. Limited trading account types.
  2. Inactivity fee.
  3. High swaps.

Reliability

BrokerFP MarketsOanda
Reliability
5/5
5/5
Foundation Year20052001
Regulated in CountriesAustralia, Cyprus, South Africa, Saint Vincent and the Grenadines, SeychellesUnited States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, Poland
Regulators

FP Markets

Multi-tier licenses from ASIC, CySEC and FSCA, fund segregation, and a spotless regulatory history make FP Markets a reliable partner.

Pros

  1. Tier-1/Tier-2 licenses (ASIC, CySEC)
  2. Funds held in AA bank accounts, negative balance protection
  3. Independent order execution audits

Oanda

Oanda demonstrates a high level of reliability, evidenced by licenses from the world's leading regulators.

Account Opening

BrokerFP MarketsOanda
Account Opening
5/5
4.5/5
Minimum Deposit
  • 100 USD
  • 100 EUR
  • 100 AUD
  • 1 USD
  • 1 EUR
  • 1 AUD
  • 1 CHF
  • 1 SGD
  • 1 HKD

FP Markets

Opening an account completely online: registration in up to 5 minutes, verification within an hour, minimum deposit of 100 AUD — you can start trading on the same day.

Pros

  1. Fast registration and KYC
  2. Verification in less than one business day
  3. Commission-free deposit starting from 100 AUD

Oanda

Oanda offers a straightforward and structured registration process, ensuring convenience for clients.

Pros

  1. Clearly structured registration process.
  2. No minimum deposit, offering flexibility for traders.

Cons

  1. Additional documents may be required in some cases.
  2. Document verification can take from 1 to 2 working days.

Account Types

BrokerFP MarketsOanda
Account Types
4.3/5
3/5
Trading Accounts
  • Standard
  • Raw
  • Standard
  • Swap Free
Minimum Deposit
  • 100 USD
  • 100 EUR
  • 100 AUD
  • 1 USD
  • 1 EUR
  • 1 AUD
  • 1 CHF
  • 1 SGD
  • 1 HKD
Spreadfrom 0 pointsfrom 0.5 points
Max Leverage1:5001:200
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • ETF
  • Bonds
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • Cryptocurrency
Trading Platforms
  • MetaTrader 4
  • MetaTrader 5
  • cTrader
  • TradingView
  • MetaTrader 5
  • MetaTrader 4
  • TradingView
  • fxTrade
Demo Account
Swap-free Account

FP Markets

The FP Markets account lineup is nearly universal — RAW, Standard, Islamic, Iress DMA, demo, and copy trading services meet the needs of most traders, all starting from 100 AUD.

Pros

  1. Accounts suitable for every trading style
  2. Free VPS and copy trading

Cons

  1. No cent/micro account

Oanda

Oanda provides various trading accounts, but some specialized types are missing.

Pros

  1. Standard accounts are available.
  2. Demo accounts are offered.
  3. Swap Free accounts are available for traders following Islamic principles.

Cons

  1. Cent accounts are missing.
  2. No fixed spread accounts.
  3. No investment accounts are available.

Commissions

BrokerFP MarketsOanda
Commissions
4/5
3.5/5
Spreadfrom 0 pointsfrom 0.5 points
Average Spread (EURUSD)1.20.8
Commission per Lot$3

FP Markets

Transparent pricing: an average ECN commission of $6 per lot, market spreads of ≈1.2 pips on the Standard account, free deposits, and no inactivity charges make the conditions attractive for most traders.

Pros

  1. No fees for deposits and withdrawals
  2. No account inactivity fees

Cons

  1. The Standard account does not offer ultra-narrow spreads

Oanda

Oanda's fees are moderate, making this broker competitive.

Pros

  1. No fees for deposits and withdrawals.
  2. Low spreads on major currency pairs.

Cons

  1. Inactivity fee is charged.
  2. Swaps may be high for some currency pairs.

Deposit and Withdrawal

BrokerFP MarketsOanda
Rating
5/5
4/5
Account Funding Methods
  • Neteller
  • Skrill
  • SticPay
  • FasaPay
  • Virtual Pay
  • Perfect Money
  • Pagsmile
  • Dragonpay
  • Swift
  • Rapid Transfer
  • Visa
  • Mastercard
  • Asia Banks
  • Rapyd
  • Skrill
  • Neteller
  • Swift
  • Visa
  • Mastercard

FP Markets

You can fund your account instantly and commission-free via any convenient method, and withdrawals are processed within one business day.

Pros

  1. 0% commission on all deposits
  2. Cards, e-wallets, crypto, local banks
  3. Withdrawals processed in less than one business day

Cons

  1. 0.5–1% commission on currency conversion

Oanda

Oanda offers flexible conditions for depositing and withdrawing funds, but payment system commissions and currency conversion costs may apply.

Pros

  1. The broker does not charge a fee for deposits and withdrawals.
  2. A wide selection of payment systems is available.
  3. No restrictions on the amounts of deposits and withdrawals.

Cons

  1. High commission fees for certain methods by payment systems.
  2. Withdrawal request processing time may be long.
  3. Cryptocurrencies are not available as a payment method.

Markets and Products

BrokerFP MarketsOanda
Markets and Products
5/5
4.4/5
Forex8148
Precious Metals173
Energy Carriers53
Soft Commodities74
Indices1818
Stocks5661607
ETF58-
Bonds2-
Cryptocurrency1218

FP Markets

The FP Markets range covers 700+ CFDs — from 80 currency pairs to DMA stocks on Iress, making portfolio diversification relatively straightforward.

Pros

  1. 80+ currency pairs, metals, indices, soft commodities
  2. 500+ CFDs on stocks from Europe, the UK, and the USA
  3. Leverage up to 1:500 for professional clients

Oanda

Oanda offers an extensive set of markets and products, making it a versatile choice for traders of different levels.

Pros

  1. A wide range of currency pairs.
  2. A large selection of stocks and indices.
  3. Access to cryptocurrency trading.

Cons

  1. Maximum leverage is only up to 1:200.

Trading Platforms

BrokerFP MarketsOanda
Rating
5/5
5/5
Trading Platforms
  • MetaTrader 4
  • MetaTrader 5
  • cTrader
  • TradingView
  • MetaTrader 5
  • MetaTrader 4
  • TradingView
  • fxTrade

FP Markets

MT4/5, cTrader, TradingView, and Iress provide FP Markets with an almost complete arsenal: from algorithmic trading to DMA stocks. The versatility and fast NY4 connectivity put FP Markets’ platform suite among the best.

Pros

  1. 4 platforms, including TradingView and Iress DMA
  2. Execution ≈ 0.02 sec on NY4, supports bots and API
  3. Mobile and web versions of MT4/5 plus a proprietary application

Cons

  1. Iress is fee-based without turnover ≥150 AUD
  2. No browser-based cTrader Web

Oanda

Oanda provides high-quality trading platforms with deep functionality and integration with TradingView.

Pros

  1. Access to classic platforms MT4 and MT5.
  2. The fxTrade mobile app with integration with MT5.
  3. Integration with TradingView.

Cons

  1. No MetaTrader alternatives for desktop devices.

Analytics

BrokerFP MarketsOanda
Rating
5/5
5/5

FP Markets

FP Markets offers a rich analytics suite — Trading Central, Autochartist, Traders Toolbox, TradeMedic, and a daily blog — which covers technical, fundamental, and behavioral analysis; access to some tools requires a deposit/trading volume.

Pros

  1. Trading Central and Autochartist with alerts
  2. 12-module Traders Toolbox + TradeMedic
  3. Economic calendar and daily trading ideas

Cons

  1. Paid access required for some analytics

Oanda

The Oanda broker's analytical section offers many tools that help traders make informed decisions.

Education

BrokerFP MarketsOanda
Rating
5/5
4.5/5

FP Markets

FP Markets offers courses, webinars, podcasts, and e-books ranging from basic to advanced, making its educational resources nearly universal.

Pros

  1. Regular webinars + an extensive video library
  2. Online courses for traders of various levels
  3. Numerous e-books

Oanda

Oanda provides an extensive range of educational resources, catering to new and experienced traders, focusing on leveraged trading.

Pros

  1. Comprehensive coverage of fundamental and technical analysis.
  2. Variety of resources including webinars, workshops, and live market analysis.
  3. Free access to premium content for live account holders.

Cons

  1. Some advanced topics may not be covered in depth.

Customer Support

BrokerFP MarketsOanda
Rating
5/5
5/5
Email Support
  • supportteam@fpmarkets.com
  • frontdesk@oanda.com
  • moneytransfer@oanda.com
Hotline Phones
  • +44 28 2544 7780
  • +442031512050
  • +442071011600
Social Media

FP Markets

FP Markets’ customer support responds within seconds, operates 24/7, and usually resolves issues on the first contact.

Pros

  1. 24/7 support
  2. Multiple support channels
  3. High support rating

Oanda

Oanda's technical support provides extensive communication options and round-the-clock service, ensuring the professionalism and efficiency of the solutions provided.

Comparisons of FP Markets and Oanda with other brokers

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.