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OANDA vs FP Markets 2026

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025
  Fact Checked

In this head to head comparison of OANDA vs FP Markets, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

OANDA
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 92
  • Tradeable Symbols (Total): 4172 info
FP Markets
4.5/5 Stars Overall
  • Minimum Deposit: $100 AUD
  • Trust Score: 90
  • Tradeable Symbols (Total): 10000

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Regulation

OANDA vs FP Markets: OANDA was founded in 1996, while FP Markets launched in 2005. Neither broker is publicly traded or operates as a bank. According to ForexBrokers.com, Trust Scores of 90–99 indicate a highly trusted broker. OANDA scores 92 and FP Markets scores 90, so both fall into the highly trusted range.

On regulation, OANDA holds 7 Tier-1 licenses (considered highly trusted) and 0 Tier-2 licenses. FP Markets holds 2 Tier-1 licenses and 1 Tier-2 license (considered trusted). In short, OANDA has a wider top-tier regulatory footprint, whereas FP Markets combines top-tier and mid-tier oversight.

Feature OANDA logoOANDA
FP Markets logoFP Markets
Year Founded info 1996 2005
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 7 2
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 2

Fees

OANDA and FP Markets both offer forex trading, but FP Markets comes out ahead on commissions and fees. OANDA is rated 4 out of 5 stars and ranks #30 out of 36 brokers for this category. Its pricing is generally on the high side, with average EUR/USD spreads around 1.61 pips on its standard pricing, while its core pricing can lower spreads but adds a commission of about $10 per round turn on a standard lot. OANDA does stand out for very small trade sizes, automated execution, and rebate options for active traders in some regions.

FP Markets is rated 4.5 out of 5 stars and ranks #11 out of 36 brokers for commissions and fees. Its Raw ECN account is the better-value choice for most cost-conscious traders, with average EUR/USD spreads around 0.1 pips and about 0.8 pips all-in after commission, while its Standard account is more expensive due to wider spreads. FP Markets also offers competitive pricing on MetaTrader and cTrader, and its overall fee structure is especially appealing for active forex traders.

In simple terms, FP Markets is the cheaper option overall, especially if you use its commission-based Raw ECN account. OANDA can still make sense for traders who want tiny trade sizes or prefer its pricing setup, but if lower trading costs are the main goal, FP Markets has the stronger edge.

Feature OANDA logoOANDA
FP Markets logoFP Markets
Minimum Deposit info $0 $100 AUD
Average spread (EUR/USD) - Standard account info 1.68 info 1.3 info
All-in Cost EUR/USD - Active info 1.69 info 0.9 info
Non-wire bank transfer info Yes info No
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

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Range of investments

OANDA and FP Markets both give traders access to forex, copy trading, and cryptocurrency CFDs, so either broker can suit someone looking for core trading products. OANDA offers 4,172 tradeable symbols and 69 forex pairs, while FP Markets lists a larger 10,000 tradeable symbols and 71 forex pairs, which gives FP Markets a wider overall selection on paper. Both brokers are rated 4.5 out of 5 stars for Range of Investments, but FP Markets is ranked slightly higher by ForexBrokers.com, coming in at #17 out of 36 compared with OANDA’s #20.

Where OANDA stands out is in its access to exchange-traded securities on both U.S. and international exchanges, meaning clients can buy real shares such as Apple or Vodafone, not just CFDs. OANDA also offers actual, delivered cryptocurrency, while FP Markets does not. FP Markets, however, focuses more on trading variety through its larger list of symbols. In short, OANDA is the better pick for investors who want real stocks and actual crypto, while FP Markets may appeal more to traders who want a broader range of markets to choose from.

Feature OANDA logoOANDA
FP Markets logoFP Markets
Forex Trading (Spot or CFDs) info Yes info Yes
Tradeable Symbols (Total) info 4172 info 10000
Forex Pairs (Total) info 69 71
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info Yes info Yes
Cryptocurrency (Underlying) info Yes No
Cryptocurrency (CFDs) info Yes info Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

OANDA and FP Markets both give traders a solid mix of platform choices, including a free demo account, a proprietary platform, desktop software for Windows, and a web-based platform you can use in your browser. Each broker also supports copy trading and offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), making them well suited for traders who want familiar tools and flexible ways to trade. Both also let you place trades directly from charts, which can be helpful for quick decision-making.

When it comes to trading platforms and tools, OANDA and FP Markets are closely matched, and both are rated 4 out of 5 stars by ForexBrokers.com. Still, OANDA holds a higher category ranking, placing #16 out of 36 brokers, while FP Markets ranks #22. For traders comparing online brokers, OANDA may have a slight edge in this area, but FP Markets remains a strong option with the same core platform features.

Feature OANDA logoOANDA
FP Markets logoFP Markets
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes info Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes info Yes
Charting - Indicators / Studies (Total) info 89 30
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

OANDA and FP Markets both make it easy to trade on the go with iPhone and Android apps, plus price alerts for stocks or forex. Each app also lets you draw trend lines and automatically saves those drawings, which is helpful for traders who want to keep track of chart notes across sessions. One limitation for both brokers is that watchlists do not sync between the mobile app and the online account, so changes made in one place will not appear in the other.

Where OANDA pulls ahead is in charting and overall app quality. OANDA includes 30 technical studies in its mobile app, while FP Markets uses the default tools from MetaTrader. OANDA is rated 5 stars for Mobile Trading Apps and ranks #7 out of 36 brokers at ForexBrokers.com, compared with FP Markets at 4 stars and #20. For traders who want a smoother mobile experience with stronger charting options, OANDA has the edge, while FP Markets still covers the basics well.

Feature OANDA logoOANDA
FP Markets logoFP Markets
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info No No
Mobile Charting - Indicators / Studies info 30 MetaTrader (Default)
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

OANDA and FP Markets both give traders a solid range of market research tools. Each broker offers daily market commentary, forex news from major outlets like Bloomberg, Reuters, and Dow Jones, Autochartist tools, sentiment data showing long and short positions, and an economic calendar with key global events. Neither broker includes TipRanks or Acuity Trading research tools.

The main difference is that FP Markets also includes Trading Central tools such as Technical Analytics, while OANDA does not. In overall research quality, OANDA comes out ahead with a 5-star rating and a #4 ranking out of 36 brokers from ForexBrokers.com, compared with FP Markets’ 4-star rating and #22 ranking.

Feature OANDA logoOANDA
FP Markets logoFP Markets
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes Yes
Trading Central info No Yes
Client sentiment data info Yes Yes
TipRanks info No No
Acuity Trading info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

For beginners who want to learn before they trade, both OANDA and FP Markets offer a solid range of forex and CFD education. Each broker provides at least 10 learning pieces on forex or CFDs, monthly online educational webinars, and a strong library of beginner and advanced videos. That means new traders can find basic lessons to help them get started, while more experienced users can also keep learning with higher-level content.

OANDA has the edge in overall education support. It is rated 5 out of 5 stars for Education and ranks #18 out of 36 brokers, while FP Markets is rated 4 out of 5 stars and ranks #22. In simple terms, both brokers give beginners plenty of educational material, but OANDA is the stronger choice if education is a top priority.

Feature OANDA logoOANDA
FP Markets logoFP Markets
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that OANDA is better than FP Markets. OANDA finished with an overall rank of #13, while FP Markets finished with an overall rank of #19.

A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.

Feature OANDA logoOANDA
FP Markets logoFP Markets
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trust Score info 92 90
Range of Investments 4.5/5 Stars 4.5/5 Stars
Trading Fees 4/5 Stars 4.5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with OANDA or FP Markets?

OANDA vs FP Markets: OANDA supports buying actual delivered cryptocurrencies in addition to trading cryptocurrency CFDs, whereas FP Markets offers only cryptocurrency CFD trading and does not provide the option to buy real, delivered crypto.

What funding options does each broker offer?

Comparing funding methods at online brokers OANDA and FP Markets: OANDA supports ACH and SEPA transfers while FP Markets does not; both brokers accept PayPal and Skrill for deposits and withdrawals, and both offer bank wire transfers.

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We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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Overall Rating OANDA FP Markets
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trading Fees 4/5 Stars 4.5/5 Stars
Range of Investments 4.5/5 Stars 4.5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 92 90
Winner check_circle
Review OANDA Review FP Markets Review
Broker Screenshots OANDA FP Markets
Broker Gallery (click to expand) info
OANDA fxTrade mobile trading app charting OANDA Trade web platform. OANDA's website features research in the form of its MarketPulse blog, which includes news, analysis, and articles. The OANDA website's educational hub features webinars and videos covering current events and financial analysis.
FP Markets MT5 mobile trading app watchlist FP Markets MetaTrader 5 MT5 desktop platform. FP Markets research blog technical report detail. FP Markets educational lessons.
Regulation OANDA FP Markets
Trust Score info 92 90
Year Founded info 1996 2005
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 7 2
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 2
Tier-1 Licenses (Highly Trusted) OANDA FP Markets
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Japan (FSA Authorised) info Yes No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info Yes No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) OANDA FP Markets
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA, FSRA, or CMA Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments OANDA FP Markets
Forex Trading (Spot or CFDs) info Yes info Yes
Tradeable Symbols (Total) info 4172 info 10000
Forex Pairs (Total) info 69 71
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info Yes info Yes
Cryptocurrency (Underlying) info Yes No
Cryptocurrency (CFDs) info Yes info Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
Cost OANDA FP Markets
Average spread (EUR/USD) - Standard account info 1.68 info 1.3 info
All-in Cost EUR/USD - Active info 1.69 info 0.9 info
Inactivity Fee info Yes No
Order execution: Agency info No No
Order execution: Market Maker info Yes Yes
Funding OANDA FP Markets
Minimum Deposit info $0 $100 AUD
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info Yes info No
Trading Platforms OANDA FP Markets
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes info Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes info Yes
cTrader info No Yes
Trading Tools OANDA FP Markets
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 89 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading OANDA FP Markets
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info No No
Mobile Charting - Indicators / Studies info 30 MetaTrader (Default)
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research OANDA FP Markets
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes Yes
Trading Central info No Yes
TipRanks info No No
Client sentiment data info Yes Yes
Economic Calendar info Yes Yes
Education OANDA FP Markets
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Major Forex Pairs OANDA FP Markets
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review OANDA Review FP Markets Review
Overall OANDA FP Markets
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trading Fees 4/5 Stars 4.5/5 Stars
Range of Investments 4.5/5 Stars 4.5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 92 90
Winner check_circle
Review OANDA Review FP Markets Review
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