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.
When choosing between online brokers OANDA and FxPro, it's important to consider their regulatory backgrounds and trust ratings. Established in 1996, OANDA holds a higher number of Tier-1 licenses at seven, which are considered highly trusted by ForexBrokers.com. FxPro, founded in 2006, holds two Tier-1 licenses and one Tier-2 license. Neither broker is publicly traded nor operates as a bank, but their strong regulatory standings provide a sense of security for traders.
In terms of trust, both brokers are highly rated, with OANDA having a ForexBrokers.com Trust Score of 93, while FxPro scores 90. These scores suggest both brokers are highly trusted, with OANDA earning a slightly higher rating. These details reassure potential clients of the platforms' general reliability and regulatory compliance.
| Feature |
OANDA
|
FxPro
|
|---|---|---|
| Year Founded | 1996 | 2006 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing online brokers OANDA and FxPro, both have their distinct strengths and nuances in terms of commissions and fees. OANDA is recognized for its reliable automated execution but tends to have higher forex trading costs. Its bid/ask spreads are generally similar to those of FxPro and FOREX.com, although the spreads can be slightly higher compared to brokers that offer sub-pip spreads. OANDA also provides a core pricing option that includes a commission of $5 for every $100,000 traded, potentially making the cost more competitive for substantial accounts with a $10,000 minimum deposit. Notably, traders at OANDA can benefit from rebates through the Elite Trader program when trading high volumes and appreciate transparency as the broker frequently publishes average spreads.
On the other hand, FxPro's pricing is generally above the industry average, influencing its competitive stance against other firms like Pepperstone and IC Markets. With a variety of platforms to choose from, FxPro offers variable and fixed spreads on the MT4 platform and implements commission-based pricing on cTrader, where the effective spread for the EUR/USD pair is about 1.27 pips. The spreads for market execution on MT4 and MT5 average around 1.58 pips, illustrating a slightly lower effective spread than instant execution, which stands at 1.71 pips. FxPro's Active Trader program offers appealing discounts to entice high-volume traders, although this might not entirely catch up with the leader perks available from some top-tier competitors.
In terms of industry ratings, both brokers received four stars for their commissions and fees. OANDA holds the 34th position, while FxPro ranks marginally higher at #32 out of 62 brokers according to ForexBrokers.com. Despite their shared ratings, the slight edge in rank highlights FxPro's marginally more competitive position in the landscape of forex trading costs.
| Feature |
OANDA
|
FxPro
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.61 | 1.51 |
| All-in Cost EUR/USD - Active | 1.61 | 1.27 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
OANDA and FxPro are both popular online brokers offering forex trading as CFDs or spot contracts. OANDA provides access to 3928 tradeable symbols, while FxPro offers 2249. When it comes to forex pairs, FxPro leads slightly with 70 pairs compared to OANDA's 68. However, OANDA does not provide exchange-traded securities on either U.S. or international exchanges, whereas FxPro allows for trading on international exchanges only, such as Vodafone shares from the London Stock Exchange. Both brokers support copy trading, which can be an attractive feature for those looking to mirror successful traders' strategies.
In the realm of cryptocurrencies, OANDA offers both actual cryptocurrencies and derivatives, giving users the opportunity to buy digital assets directly. On the other hand, FxPro only provides cryptocurrency derivatives. Both brokers achieve the same rating of 4 stars for their range of investments. However, in rankings by ForexBrokers.com, OANDA is positioned slightly higher at 27th place, with FxPro following closely at 28th among 62 brokers. This comparison demonstrates that each broker has its strengths and is suited to different investment strategies depending on individual trader needs.
| Feature |
OANDA
|
FxPro
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3928 | 2249 |
| Forex Pairs (Total) | 68 | 70 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | 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 offer a comprehensive suite of trading platforms and tools designed to meet the needs of diverse traders. Both brokers provide free virtual demo accounts, allowing traders to practice their strategies with simulated trading conditions. They each feature proprietary platforms developed in-house, alongside popular third-party platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), facilitating a range of trading styles. OANDA and FxPro also support Windows-based desktop downloads and web-based trading platforms, ensuring traders can access their accounts from various devices. Additionally, both brokers endorse copy trading, empowering traders to mimic the trades of experienced investors, although neither broker offers DupliTrade or ZuluTrade.
When it comes to charting, OANDA offers a much larger arsenal of drawing tools with 431 options compared to FxPro's 25, though both brokers provide the ability to trade directly from stock charts. The user experience is enhanced by six customizable columns for watch lists at both brokers, allowing traders to monitor their assets effectively. Despite these features, rankings for OANDA and FxPro's trading platforms and tools are slightly different. OANDA is ranked #16, while FxPro holds the #19 spot out of 62 brokers according to ForexBrokers.com. Both brokers achieve a respectable rating of 4 stars out of five, highlighting their competitive offerings in trading platforms and tools.
| Feature |
OANDA
|
FxPro
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 81 | 53 |
| Charting - Drawing Tools (Total) | 431 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 6 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both OANDA and FxPro provide comprehensive experiences on iPhone and Android devices. They each offer key features like price alerts, the ability to draw trendlines, and multiple time frame views for analyzing stock and forex charts. OANDA and FxPro also allow users to create watchlists with real-time quotes, adding convenience for traders who need quick access to market information. However, a notable difference is in watchlist symbol syncing: FxPro has this feature, allowing seamless integration between the mobile app and the user's online account, while OANDA does not. Additionally, FxPro offers 65 technical studies for charting, whereas OANDA provides 30.
OANDA stands out with a higher rating of 5 stars for mobile trading apps, compared to FxPro's 4.5 stars. This distinction is reflected in their rankings by ForexBrokers.com, where OANDA is placed at an impressive 7th out of 62 brokers, surpassing FxPro which is ranked 15th. Both platforms auto-save drawings on charts, enhancing user experience by preserving analysis across sessions. Whether you're more focused on technical analysis with FxPro's extensive studies or the overall highly-rated performance of OANDA, both apps offer reliable tools for mobile trading.
| Feature |
OANDA
|
FxPro
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 65 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing OANDA and FxPro in terms of market research offerings, both brokers provide daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters. OANDA stands out with its technical analysis tools from Autochartist and a sentiment-based trading tool that highlights the long or short position ratios across different trading pairs. On the other hand, FxPro is equipped with Trading Central's technical analytics, but it does not offer tools from Autochartist. Notably, neither broker provides market research from TipRanks nor research tools from Acuity Trading, but they both include an economic calendar for global news events.
In terms of research quality, OANDA takes the lead with a perfect 5-star rating and is ranked 5th among 62 brokers by ForexBrokers.com, showcasing its strength in market research capabilities. FxPro, while still offering comprehensive tools, holds a 4-star rating and is ranked 27th. This difference highlights OANDA's edge in providing a more comprehensive suite of research resources for its users compared to FxPro.
| Feature |
OANDA
|
FxPro
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational offerings of OANDA and FxPro for beginner traders, both brokers provide a solid foundation with over ten educational pieces, including articles, videos, and archived webinars focused on forex and CFDs. OANDA distinguishes itself with monthly online webinars specifically for clients, a feature FxPro does not offer. Both platforms provide searchable archives of recorded webinars and more than ten educational videos aimed at beginners, supporting self-paced learning.
Advanced traders may find OANDA more appealing due to its library of advanced educational videos, which FxPro lacks. Both brokers offer an investor dictionary with more than 50 terms to aid newcomers in understanding key investing concepts. OANDA earns a five-star rating for its educational resources compared to FxPro's four-star rating. However, despite its comprehensive offerings, OANDA ranks slightly lower than FxPro in the education category according to ForexBrokers.com, with ranks of #22 and #17, respectively, among 62 assessed brokers.
| Feature |
OANDA
|
FxPro
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that OANDA is better than FxPro. OANDA finished with an overall rank of #12, while FxPro finished with an overall rank of #21.
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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|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 90 |
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While both OANDA and FxPro provide options for purchasing cryptocurrency derivatives, only OANDA offers the unique capability to buy actual delivered cryptocurrency, making it a distinctive choice for traders looking to own real crypto assets.
Both OANDA and FxPro provide various options for depositing or withdrawing account funds, including ACH or SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, offering users versatile and convenient financial transaction methods.
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 | 93 | 90 | |
| Winner | check_circle | ||
| Review | OANDA Review | FxPro Review |
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| Regulation | OANDA | FxPro | |
|---|---|---|---|
| Trust Score | 93 | 90 | |
| Year Founded | 1996 | 2006 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| 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 (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| 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 | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | OANDA | FxPro | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3928 | 2249 | |
| Forex Pairs (Total) | 68 | 70 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | 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 | 1.61 | 1.51 | |
| All-in Cost EUR/USD - Active | 1.61 | 1.27 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | OANDA | FxPro | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | OANDA | FxPro | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | OANDA | FxPro | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 6 | |
| Charting - Indicators / Studies (Total) | 81 | 53 | |
| Charting - Drawing Tools (Total) | 431 | 25 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 65 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | OANDA | FxPro | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | FxPro | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | OANDA | FxPro | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | OANDA Review | FxPro Review |
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| Trust Score | 93 | 90 | |
| Winner | check_circle | ||
| Review | OANDA Review | FxPro Review |
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