Written by ForexBrokers.com
In this head to head comparison of OANDA vs FxPro, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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.
OANDA vs FxPro: OANDA was founded in 1996, while FxPro began in 2006. Neither broker is publicly traded. OANDA is not a bank, whereas FxPro is a bank.
Regulation and trust: OANDA holds 7 Tier-1 licenses and 0 Tier-2 licenses; FxPro holds 2 Tier-1 licenses and 1 Tier-2 license (Tier-1 is viewed as highly trusted by ForexBrokers.com). On ForexBrokers.com’s 0–99 Trust Score, both rank as highly trusted (90–99): OANDA scores 92 and FxPro scores 93.
| Feature |
OANDA
|
FxPro
|
|---|---|---|
| Year Founded | 1996 | 2006 |
| Publicly Traded (Listed) | No | No |
| Bank | No | Yes |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
OANDA and FxPro both earn 4 out of 5 stars for commissions and fees, but neither is a low-cost leader. OANDA is ranked #30 out of 36 brokers by ForexBrokers.com in this category, while FxPro ranks slightly higher at #29 out of 36. In plain terms, both brokers can be more expensive than the cheapest choices in the market, but they each offer different ways to trade depending on the account type and platform.
OANDA’s trading costs are generally on the high side, with its standard forex pricing showing an average EUR/USD spread of 1.61 pips in July 2024. Its core pricing can lower spreads, but it adds a $5 per side commission per $100,000 traded, and it requires a $10,000 minimum deposit. After commissions are included, the total cost is only a little better than the regular spread-only account. OANDA does stand out for very small trade sizes, transparent spread reporting, and rebates for active traders in some regions.
FxPro also sits above the industry average on price. Its most competitive option is on cTrader, where commission-based pricing gives an effective EUR/USD cost of about 1.27 pips. On MT4 and MT5, variable spreads are usually wider, with EUR/USD pricing around 1.51 to 1.71 pips depending on execution type. FxPro does offer an Active Trader program with discounts, but overall its fees are still not as sharp as the best-priced brokers.
| Feature |
OANDA
|
FxPro
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average spread (EUR/USD) - Standard account | 1.68 | 1.6 |
| All-in Cost EUR/USD - Active | 1.69 | 1.3 |
| Non-wire bank transfer | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to range of investments, OANDA gives traders a wider mix than FxPro. OANDA offers 4,172 tradeable symbols compared with 2,249 at FxPro, while FxPro has a slight edge in forex pairs with 70 versus OANDA’s 69. Both brokers support forex trading as CFDs or spot contracts, offer copy trading, and let clients trade international exchange-listed shares. OANDA also stands out because it lets clients buy actual U.S.-listed shares, such as Apple, while FxPro does not.
OANDA also offers more choice in digital assets, allowing both actual cryptocurrency purchases and crypto CFDs, whereas FxPro only offers crypto CFDs. Based on ForexBrokers.com’s ratings, OANDA scores 4.5 out of 5 for Range of Investments and ranks #20 out of 36 brokers, while FxPro scores 4 out of 5 and ranks #24. Overall, OANDA appears to provide the broader investment selection for most traders.
| Feature |
OANDA
|
FxPro
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4172 | 2249 |
| Forex Pairs (Total) | 69 | 70 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | Yes | No |
| Cryptocurrency (CFDs) | Yes | 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.
OANDA and FxPro both give traders a wide range of platform choices, including free demo accounts for simulated trading, their own in-house platforms, Windows desktop downloads, browser-based web platforms, MetaTrader 4, MetaTrader 5, and copy trading. Each also lets you place trades directly from a chart, which can make it easier to react quickly while analyzing the market. In short, both brokers cover the main tools most traders look for when comparing online trading platforms.
When it comes to third-party ratings, both OANDA and FxPro earn 4 out of 5 stars for Trading Platforms and Tools. On ForexBrokers.com, OANDA ranks slightly higher at #16 out of 36 brokers, while FxPro ranks #18 out of 36. Based on the available information, the two brokers are closely matched, with OANDA holding a small edge in category ranking.
| Feature |
OANDA
|
FxPro
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 89 | 53 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
OANDA and FxPro both give traders solid mobile access with iPhone and Android apps, plus price alerts to help users stay on top of the market. Each app also lets you draw trendlines on charts and saves those drawings automatically, which is useful for traders who want to review chart setups later. For everyday mobile trading, both brokers cover the basics well and make it easy to manage trades on the go.
Where the two differ most is in charting tools and watchlist syncing. FxPro offers watchlist symbol syncing between its mobile app and online account, so changes carry over across devices, while OANDA does not. FxPro also provides more technical studies in its mobile charts, with 65 compared with OANDA’s 30. Even so, OANDA has the edge in overall mobile app ratings, earning 5 stars and a #7 ranking from ForexBrokers.com, versus FxPro’s 4.5 stars and #15 ranking.
| Feature |
OANDA
|
FxPro
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 65 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
OANDA and FxPro both give traders daily market commentary, forex news from major sources like Bloomberg and Reuters, a sentiment tool showing long and short positioning, and an economic calendar with global events. This means both brokers cover the main market research basics well and can help traders stay informed about price-moving news and trends.
The main difference is in the extra research tools. OANDA includes Autochartist, while FxPro offers Trading Central instead. OANDA also stands out for its stronger overall research rating, earning 5 out of 5 stars and a #4 ranking out of 36 brokers from ForexBrokers.com, compared with FxPro’s 4 out of 5 stars and #23 ranking. For traders who want the stronger research offering overall, OANDA has the edge.
| Feature |
OANDA
|
FxPro
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking to learn before they trade, OANDA offers a stronger education package than FxPro overall. OANDA provides forex and CFDs learning content, runs online educational webinars at least once a month, and has more than 10 beginner videos plus more than 10 advanced videos, giving new traders room to grow as they gain experience. It is also rated 5 stars for Education by ForexBrokers.com, ranking #18 out of 36 brokers.
FxPro also offers forex and CFDs education and at least 10 beginner videos, but it falls short in a few key areas for learners who want more ongoing support. It does not offer monthly educational webinars and does not provide at least 10 advanced educational videos. FxPro is rated 4 stars for Education and ranks #17 out of 36, so while it scores slightly higher in the ranking, OANDA stands out as the better choice for beginner-friendly learning resources.
| Feature |
OANDA
|
FxPro
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that OANDA is better than FxPro. OANDA finished with an overall rank of #13, while FxPro finished with an overall rank of #20.
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
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FxPro
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| Trust Score | 92 | 93 |
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Comparing online brokers OANDA vs FxPro for cryptocurrency trading: OANDA allows you to buy actual (delivered) cryptocurrency and trade cryptocurrency CFDs, while FxPro supports only cryptocurrency CFDs and does not offer buying real (delivered) crypto.
OANDA vs FxPro: both brokers support ACH/SEPA transfers, PayPal, Skrill, and bank wire deposits and withdrawals, while Visa/Mastercard availability is not specified for either.
Please note:
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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0 of 5| Overall Rating | OANDA | FxPro | |
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| Trust Score | 92 | 93 | |
| Winner | check_circle | ||
| Review | OANDA Review | FxPro Review |
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| Regulation | OANDA | FxPro | |
|---|---|---|---|
| Trust Score | 92 | 93 | |
| Year Founded | 1996 | 2006 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | OANDA | FxPro | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | OANDA | FxPro | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | OANDA | FxPro | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4172 | 2249 | |
| Forex Pairs (Total) | 69 | 70 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | Yes | No | |
| Cryptocurrency (CFDs) | Yes | 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 | FxPro | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.68 | 1.6 | |
| All-in Cost EUR/USD - Active | 1.69 | 1.3 | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | OANDA | FxPro | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | Yes |
| Trading Platforms | OANDA | FxPro | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | Yes |
| Trading Tools | OANDA | FxPro | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 89 | 53 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | FxPro | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 65 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | OANDA | FxPro | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | FxPro | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | OANDA | FxPro | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | OANDA Review | FxPro Review |
| Overall | OANDA | FxPro | |
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| Trust Score | 92 | 93 | |
| Winner | check_circle | ||
| Review | OANDA Review | FxPro Review |
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