Compare FP Markets Vs OANDA: Which is the Better Forex Broker in 2024?
FP Markets 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 FP Markets Vs OANDA, here is the direct comparison:
Compare | FP Markets | OANDA |
General Rating |
3.20/5 |
3.11/5 |
Score | ||
Trustpilot |
4.8/5 6077 users |
3.6/5 544 users |
💼 Regulation | ||
❗ Info | ||
⌛ Established | 2005 | 1996 |
💲 Min Deposit | $100 | $0 |
⚖ Max Leverage | 1:500 | 1:20 |
🔢 Spread | Variable | Fixed |
💸 Commissions | $3 | -$50/Mil commission for Core pricing |
💡 Min Position | 0.01 lot | 0.00001 lot |
💳 Payment | Apple Pay, Crypto, Credit/debit cards, Dash, Dragonpay, Ethereum, FasaPay, Google Pay, Litecoin, Local bank transfer, Neteller, Ripple, Skrill, Tether (USDT), USD Coin (USDC), Wire transfer, Zcash and Perfect Money | Visa, Mastercard, ACH deposits, Bank transfer, Credit/debit cards, Wire transfer, Skrill and Neteller |
🏢 Office(s) |
🧩 Demo Account | ||
📁 Segregated Account | ||
🕋 Islamic Account | ||
👨💻 PAMM Account | ||
📈 Managed Account |
💱 Hedging | ||
🇺🇸 US traders | ||
🕛 Swaps |
🏆 Trading contests | ||
⚡ Automated trading | ||
💰 Bonus offers | ||
📖 Free education |
1️⃣ One-click trading | ||
⏱ Trailing stop | ||
⏳ Pending orders |
Forex | ||
CFD | ||
Indexes | ||
Spread Betting | ||
Gold & Silver | ||
Crypto | ||
Stocks | ||
Oil | ||
Metals | ||
Energies | ||
Futures | ||
ETF | ||
Options | ||
Agriculture | ||
Indices | ||
Commodities | ||
Etf | ||
Bonds | ||
Stock | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
EU Stocks | ||
Physical Stock | ||
Index |
🗣 Website Languages | Arabic, Chinese, English, French, Indonesian, Italian, Malay, Portuguese, Russian, Spanish, Vietnamese | English |
🚪 Trade Now | Open FP Markets | Open OANDA |
Compare Again
Testimonials
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FP Markets: It's concerning me
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FP Markets: Impressive cost
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FP Markets: Very pleased!
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FP Markets: Total gem!
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FP Markets: Problem with withdrawal
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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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See More FP Markets Testimonials
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See More OANDA Testimonials
News
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Unleash Your Earning Potential: Refer a Friend to FP Markets and Earn Up to $200!
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Level Up Your Trades: FP Markets Forex Broker Partners with TradingView
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Forex Broker FP Markets Expands to Africa with Kenya License
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FP Markets Crowns the Best Trading Tool in 2023 by FXScouts
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FP Markets Powers Cricket Brasil Youth with Impactful Sponsorship
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FP Markets Introducing CFDs Paired Against Cross Currencies
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FP Markets Upgrades All-In-One Client Portal
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FP Markets Crowned Two Prestigious Titles at UF Awards Global 2023
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FP Markets Collects Awards Consecutively at Global Forex Awards
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See More Related FP Markets News
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Article
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How to Verify Your Trading Account on FP Markets
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XM Vs FP Markets for Commodity Trading
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Guide to Choose the Best OANDA Platform
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Comparing Pepperstone and FP Markets Trading App
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Standard Account Comparison: IC Markets or OANDA?
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FP Markets Vs Pepperstone for Cryptocurrency Trading
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What is DMA Pricing in FP Markets?
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Everything You Need to Know about FP Markets Spreads
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Webinars
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FP Markets: Webinar Bandas de Bollinger
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FP Markets: Liquidazioni Open Session
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FP Markets: Trading de �ndices burs�tiles
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FP Markets: Strategia Turtle Trading
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FP Markets: ?????? ????? ???????? ????? ?????-????? ?????
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FP Markets: El poder de la liquidez en el mundo del trading
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FP Markets: �C�mo utilizar el calendario econ�mico?
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FP Markets: Global Macro Introduzione
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FP Markets: Importancia de la Psicolog�a en el Trading
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FP Markets: ?????? ????? ???????? ????? ?????-????? ??????
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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, FP Markets provides their pricing with Variable spread while OANDA offers Fixed spread.
FP Markets 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, FP Markets enables trading with MetaTrader 4, MetaTrader 5, TradingView, cTrader, Web. 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 FP Markets 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, FP Markets supports trading with Forex, Indexes, Metals, Crypto, ETFs, Stocks, Commodities, Gold & Silver, Bonds, 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.
Looking for more references? Here are other comparisons related to FP Markets and OANDA:
- Compare FP Markets vs Interactive Brokers
- Compare FP Markets vs InstaForex
- Compare FP Markets vs FIBOGroup
- Compare OANDA vs XM
- Compare OANDA vs Pepperstone
- Compare OANDA vs FXOpen
For more comparisons, visit this page.