Oanda vs FP Markets

OANDA vs FP Markets Comparison Table 2023
OANDA FP Markets
WINNER
OANDA is the better broker
4.5

OANDA is #1 in our broker rankings.

Not Yet Rated
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

OANDA offers 70 forex pairs with two competitive pricing models and a substantial welcome deposit bonus

FP Markets is a multi-asset broker offering a choice of trading platforms.

OANDA Corporation is regulated by the CFTC/NFA. OANDA is a member Firm of the NFA (Member ID: 0325821). CFDs are not available to residents in the United States.
Awards
  • Best US Broker 2023 - DayTrading.com
  • Best Trading Tools winner
  • (Online Personal Wealth Awards 2021)
  • Awarded highest overall client satisfaction
  • (Investment Trends 2021 US Leverage Trading Report, Margin Forex)
  • Awarded highest client satisfaction for mobile platform/app
  • (Investment Trends 2021 US Leverage Trading Report, Margin Forex)
  • Voted Most Popular Broker 2021
  • (TradingView Broker Awards)
  • Voted Best Forex and CFD Broker 2021
  • (TradingView Broker Awards)
  • Best Global Forex Value Broker 2019 - Global Forex Awards
  • Best Quality of Trade Execution 2019 - Investment Trends
Bonus
$5,000 welcome bonus with a deposit of $500
Instruments
Forex Forex, CFDs, indices, shares, commodities, cryptocurrencies, bonds, ETFs
Demo Account
Yes Yes
Minimum Deposit
$0 $100
Payment Methods
Debit card (Visa or Mastercard), Automated Clearing (ACH), bank transfer deposits
Minimum Trade
$0 0.01 lots
Regulator
CFTC, NFA ASIC, CySEC, ESMA
Margin Trading
Yes No
MetaTrader 4
Yes Yes
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes No
Autochartist
Yes Yes
eSignal
No No
Trading Central
No Yes
STP Account
No Yes
ECN Account
No Yes
DMA Account
No Yes
MAM Account
No Yes
PAMM Account
No Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
Yes Yes
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
FxTrade, MT4 Yes
Auto Trading
EAs Yes
Copy Trading
No Yes
Copy Trading Platform
FP Markets Social Trading app allows for the straightforward mirroring of established traders with an easy-to-follow ranking system.
Social Trading
No Yes
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
Yes No
Inactivity Fee
0
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • HKD
  • SGD
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • TRY
  • CHF
  • PLN
  • CZK
  • THB
  • VND
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered Trade thousands of CFDs across a range of markets with high leverage.
Leverage
1:30 EU, 1:200 Global 1:500 (Global), (1:30 UK)
FTSE Spread
1.0 1.64
GBPUSD Spread<
3.4 1.9 average
Oil Spread
3.0 0.04
Stocks Spread
Not offered Variable
Forex Trading
Take positions on major, minor and exotic currency pairs with competitive trading conditions. Trade on dozens of forex pairs with low spreads.
Forex App

The FxTrade app is OANDA’s proprietary forex trading application. One-click trading, historical price history and straightforward account management is available. Traders can speculate on 70 major, minor and exotic currency pairs. The forex app is available to download from the Apple App Store and Google Play.

GBPUSD Spread
3.4 1.9 average
EURUSD Spread
1.6 1.1 average
EURGBP Spread
1.7 1.7 average
Assets
70 60+
Cryptocurrency
Speculate on the world's biggest cryptos by market cap Trade a handful of leading cryptocurrency coins against the US Dollar.
Spread
$100 Floating
Coins
  • BTC
  • ETH
  • LTC
  • BCH
  • PAXG
  • LINK
  • MATIC
  • UNI
  • AAVE
  • SOL
  • ADA
  • BCH
  • BTC
  • DOG
  • DOT
  • EOS
  • ETH
  • LNK
  • LTX
  • XRP
  • SOL
  • XLM
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
OANDA Corporation is regulated by the CFTC/NFA. OANDA is a member Firm of the NFA (Member ID: 0325821). CFDs are not available to residents in the United States.
More Comparisons
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