Compare FIBOGroup Vs OANDA: Which is the Better Forex Broker in 2024?
FIBOGroup Vs OANDA, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between FIBOGroup Vs OANDA, here is the direct comparison:
Feature | FIBOGroup | OANDA |
General Rating |
2.52/5 |
3.11/5 |
|
Score | 67 | 77 | |
Trustpilot |
4.2/5 15 users |
3.6/5 544 users |
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💼 Regulation | |||
❗Info | |||
⌛ Established | 1998 | 1996 | |
💲 Min Deposit | $1 | $0 | |
⚖ Max Leverage | 1:1000 | 1:20 | |
🔢 Spread | Variable | Fixed | |
💸 Commissions | $3 | -$50/Mil commission for Core pricing | |
💡 Min Position | 0.01 lot | 0.00001 lot |
💳 Payment | WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, Local bank transfer, FasaPay, Crypto, Ethereum, Crypto Cash, Ripple, Tether (USDT) and Perfect Money | Visa, Mastercard, ACH deposits, Bank transfer, Credit/debit cards, Wire transfer, Skrill and Neteller | |
🏢 Office(s) |
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🧩 Demo Account | |||
📁 Segregated Account | |||
🕋 Islamic Account | |||
👨💻 PAMM Account | |||
📈 Managed Account | |||
LAMM Account | |||
MAM Account |
💱 Hedging | |||
🇺🇸 US traders | |||
📫 Requires sending documents via postal mail | |||
🕛 Swaps | |||
☎️ Trading by telephone |
🏆 Trading contests | |||
⚡ Automated trading | |||
💰 Bonus offers | |||
📖 Free education | |||
👔 Affiliate program |
1️⃣ One-click trading | |||
⏱ Trailing stop | |||
⏳ Pending orders |
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🗣 Website Languages | Arabic, German, English, Spanish, Persian, Indonesian, Russian, Chinese, Italian, Polish, Portuguese, Thai, Turkish, Ukrainian, Vietnamese | English |
🚪 Trade Now | Open FIBOGroup | Open OANDA |
Testimonials
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FIBOGroup: Fibo review
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FIBOGroup: Fast deposit and withdrawal is always good. All the money...
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FIBOGroup: This broker is honest and comprehensive. They accepted my payment...
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FIBOGroup: They have a really slow customer support, and it can...
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FIBOGroup: Stay away from this. I lost money due to MT4...
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FIBOGroup: Fibo review
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FIBOGroup: Fast deposit and withdrawal is always good. All the money...
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FIBOGroup: This broker is honest and comprehensive. They accepted my payment...
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FIBOGroup: They have a really slow customer support, and it can...
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FIBOGroup: Stay away from this. I lost money due to MT4...
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OANDA: Les risk
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OANDA: OANDA is the best broker I've ever know.
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OANDA: My EA doesn't work very well after some time. So...
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OANDA: My friend recommend me to trade with OANDA. But it...
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OANDA: I realize half on these commentaries are only half reliable....
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FIBOGroup: Fibo review
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See More FIBOGroup Testimonials
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See More OANDA Testimonials
News
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Barcelona Striker Robert Lewandowski Becomes OANDA Brand Ambassador
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OANDA Acquired Crypto Exchange Coinpass
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CySEC Exposed OANDA TMS Clone Website
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Rafal Slon Joins OANDA as Managing Director for Australia
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OANDA Japan Raised Margin Rate of AUD/JPY
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OANDA Adds CFDs Selection with New US and UK Stocks
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OANDA Starts Offering CFDs for UK and US Stocks
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OANDA Successfully Sponsored Traders Fair Thailand 2023
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OANDA and Standard Chartered Partnerships Grows Stronger
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OANDA Retreats from Malta
Articles
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Guide to Choose the Best OANDA Platform
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Standard Account Comparison: IC Markets or OANDA?
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Forex Brokers in 2022: How OANDA Performed
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How to Open Account in OANDA
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All You Need to Know about OANDA Swap Free Account
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Forex.com or OANDA, Which is Better?
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Is OANDA a Good Broker for Beginners?
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Breaking Down OANDA's Tight Spreads
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What is OANDA Currency Converter and How to Use It
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How to Deposit and Withdraw Your Funds from OANDA Global
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- Comparison List
Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, FIBOGroup provides their pricing with Variable spread while OANDA offers Fixed spread.
FIBOGroup vs OANDA: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, FIBOGroup enables trading with MetaTrader 4 (Limited with 60 days of inactivity), MetaTrader 5 (Limited with 60 days of inactivity), cTrader (Limited with 60 days of inactivity). The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, OANDA provides trading with FxTrade App, MetaTrader 5, Oanda Platform, MetaTrader 4 with the support of .
Is FIBOGroup or OANDA better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, FIBOGroup supports trading with Forex, Gold & silver, CFD, Oil, Futures, Crypto, while OANDA presents the ability of trading with Forex, Gold & silver, CFD, Crypto, Stock, Indices, Commodities, etf.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
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