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OANDA vs FP Markets 2026

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of OANDA vs FP Markets, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

OANDA
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 92
  • Tradeable Symbols (Total): 4172 info
FP Markets
4.5/5 Stars Overall
  • Minimum Deposit: $100 AUD
  • Trust Score: 90
  • Tradeable Symbols (Total): 10000

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.

Regulation

OANDA vs FP Markets: OANDA was founded in 1996, while FP Markets launched in 2005. Neither broker is publicly traded or operates as a bank. According to ForexBrokers.com, Trust Scores of 90–99 indicate a highly trusted broker. OANDA scores 92 and FP Markets scores 90, so both fall into the highly trusted range.

On regulation, OANDA holds 7 Tier-1 licenses (considered highly trusted) and 0 Tier-2 licenses. FP Markets holds 2 Tier-1 licenses and 1 Tier-2 license (considered trusted). In short, OANDA has a wider top-tier regulatory footprint, whereas FP Markets combines top-tier and mid-tier oversight.

Feature OANDA logoOANDA
FP Markets logoFP Markets
Year Founded info 1996 2005
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 7 2
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 2

Fees

Looking at commissions and fees, FP Markets generally comes out cheaper for forex trading, while OANDA tends to be on the higher side. In the Commissions & Fees category, FP Markets is rated 4.5/5 stars and ranked #11 of 63 by ForexBrokers.com, whereas OANDA earns 4/5 stars and ranks #30 of 63.

OANDA’s default (commission-free) spreads are relatively high; for example, the average EUR/USD spread was about 1.61 pips in July 2024. Its Core Pricing lowers the spread (around 0.4 pips in the example) but adds a commission of $5 per side per $100,000 traded (about $10 per round turn), bringing the estimated all-in cost to roughly 1.4 pips—slightly better than the default plan—though it requires a $10,000 minimum deposit. Extras include tiny trade sizes down to a single unit and volume rebates of $5–$17 per million for eligible high-volume traders. OANDA also publishes trailing average spreads, but not fixed-period averages, which can make like-for-like comparisons harder.

FP Markets offers very competitive pricing on its Raw ECN account: average EUR/USD spreads near 0.1 pips (Oct 2023) plus a $6 round-turn commission, for about 0.8 pips all-in. Its Standard (spread-only) account is costlier, averaging about 1.1 pips. Both pricing models are available on MetaTrader and cTrader. For share CFDs, the Iress suite provides Direct Market Access (DMA) pricing with full depth of book, though the ViewPoint tiers may add platform/data fees unless you meet higher-tier or monthly commission thresholds; the lower-cost Iress Investor option waives monthly fees but scales back features. FP Markets also earned Best in Class honors for Commissions & Fees in 2024.

Feature OANDA logoOANDA
FP Markets logoFP Markets
Minimum Deposit info $0 $100 AUD
Average spread (EUR/USD) - Standard account info 1.68 info 1.3 info
All-in Cost EUR/USD - Active info 1.69 info 0.9 info
Non-wire bank transfer info Yes info No
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

OANDA and FP Markets both support forex trading as CFDs or spot contracts, along with copy trading. FP Markets lists more markets overall, with about 10,000 tradeable symbols and 71 forex pairs, compared with OANDA’s 4,172 symbols and 69 pairs. Both earn 4.5 stars for Range of Investments, though FP Markets ranks slightly higher (#16 vs. OANDA at #20 out of 63) thanks to its broader symbol count.

Where OANDA pulls ahead is access to real assets. OANDA lets clients buy exchange‑traded U.S. and international stocks—not just CFDs—and it supports both delivered cryptocurrency and crypto CFDs. FP Markets does not offer exchange‑traded U.S. or international shares and limits crypto to CFDs. Choose FP Markets if you want sheer market variety; choose OANDA if you want direct stock ownership and the option to buy actual crypto alongside CFDs.

Feature OANDA logoOANDA
FP Markets logoFP Markets
Forex Trading (Spot or CFDs) info Yes info Yes
Tradeable Symbols (Total) info 4172 info 10000
Forex Pairs (Total) info 69 71
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info Yes info Yes
Cryptocurrency (Underlying) info Yes No
Cryptocurrency (CFDs) info Yes info 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.

Trading platforms and tools

OANDA and FP Markets line up closely on trading platforms and tools. Both offer free demo (paper) accounts, their own proprietary platforms, Windows desktop software, and web-based platforms. You’ll also find copy trading alongside the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Each broker lets you place trades directly from charts, covering the essentials many traders look for when analyzing and executing ideas.

For quality scores, both earn 4 stars for Trading Platforms and Tools. In ForexBrokers.com’s 2025 rankings, OANDA is placed #16 out of 63 brokers, while FP Markets is #22. If you want a slight edge in third-party rankings, OANDA gets the nod; if you simply need MT4/MT5, copy trading, and both web and desktop access, FP Markets offers a comparable toolkit. Your choice may come down to which platform layout you prefer when you test each broker’s free demo.

Feature OANDA logoOANDA
FP Markets logoFP Markets
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes info Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes info Yes
Charting - Indicators / Studies (Total) info 89 30
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

OANDA and FP Markets both offer mobile trading apps for iPhone and Android, and each supports price alerts to help you track forex and other markets on the go. One limitation to note: neither broker syncs watchlists between mobile and web/desktop, so any changes you make won’t carry over automatically.

For charting, OANDA’s app includes 30 technical studies, while FP Markets relies on MetaTrader’s default indicator set. Both apps let you draw trendlines and will auto-save your chart annotations. According to ForexBrokers.com, OANDA’s mobile app earns 5 stars and ranks #7 out of 63 brokers for Mobile Trading Apps, whereas FP Markets earns 4 stars and ranks #20.

Feature OANDA logoOANDA
FP Markets logoFP Markets
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info No No
Mobile Charting - Indicators / Studies info 30 MetaTrader (Default)
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

OANDA and FP Markets both deliver daily market commentary, real-time forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones, and access to Autochartist for trade ideas and pattern recognition. Each broker also offers a sentiment tool that shows long vs. short positioning and provides a handy economic calendar. One key difference: FP Markets includes Trading Central research, while OANDA does not. Neither broker offers research from TipRanks or tools from Acuity Trading.

For overall research quality, OANDA earns 5 stars and ranks #4 out of 63 brokers on ForexBrokers.com, while FP Markets earns 4 stars and ranks #22. If Trading Central is essential to your workflow, FP Markets stands out. If you want higher-rated, wide-ranging in-house and third-party research with strong news coverage and tools like Autochartist and sentiment, OANDA is the stronger pick.

Feature OANDA logoOANDA
FP Markets logoFP Markets
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes Yes
Trading Central info No Yes
Client sentiment data info Yes Yes
TipRanks info No No
Acuity Trading info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

Comparing OANDA vs FP Markets for beginner education: both brokers provide a dedicated forex and CFD education library with at least 10 pieces of content, plus monthly live webinars. Each also offers more than 10 beginner-friendly videos to help new traders learn the basics, along with 10+ advanced videos for when you’re ready to go deeper. If you’re just starting out, you’ll find active schedules and plenty of videos at both brands.

When it comes to quality, OANDA earns a higher score: 5 stars for Education and a #18 ranking out of 63 brokers on ForexBrokers.com. FP Markets also performs well, with 4 stars and a #22 ranking. In simple terms, OANDA gets the edge for overall educational experience, while FP Markets still delivers a strong lineup of webinars and videos for beginners.

Feature OANDA logoOANDA
FP Markets logoFP Markets
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that OANDA is better than FP Markets. OANDA finished with an overall rank of #13, while FP Markets finished with an overall rank of #19.

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 logoOANDA
FP Markets logoFP Markets
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trust Score info 92 90
Range of Investments 4.5/5 Stars 4.5/5 Stars
Trading Fees 4/5 Stars 4.5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with OANDA or FP Markets?

OANDA vs FP Markets: OANDA supports buying actual delivered cryptocurrencies in addition to trading cryptocurrency CFDs, whereas FP Markets offers only cryptocurrency CFD trading and does not provide the option to buy real, delivered crypto.

What funding options does each broker offer?

Comparing funding methods at online brokers OANDA and FP Markets: OANDA supports ACH and SEPA transfers while FP Markets does not; both brokers accept PayPal and Skrill for deposits and withdrawals, and both offer bank wire transfers.

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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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Overall Rating OANDA FP Markets
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trading Fees 4/5 Stars 4.5/5 Stars
Range of Investments 4.5/5 Stars 4.5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 92 90
Winner check_circle
Review OANDA Review FP Markets Review
Broker Screenshots OANDA FP Markets
Broker Gallery (click to expand) info
OANDA fxTrade mobile trading app charting OANDA Trade web platform. OANDA's website features research in the form of its MarketPulse blog, which includes news, analysis, and articles. The OANDA website's educational hub features webinars and videos covering current events and financial analysis.
FP Markets MT5 mobile trading app watchlist FP Markets MetaTrader 5 MT5 desktop platform. FP Markets research blog technical report detail. FP Markets educational lessons.
Regulation OANDA FP Markets
Trust Score info 92 90
Year Founded info 1996 2005
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 7 2
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 2
Tier-1 Licenses (Highly Trusted) OANDA FP Markets
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Japan (FSA Authorised) info Yes No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info Yes No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) OANDA FP Markets
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA, FSRA, or CMA Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments OANDA FP Markets
Forex Trading (Spot or CFDs) info Yes info Yes
Tradeable Symbols (Total) info 4172 info 10000
Forex Pairs (Total) info 69 71
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info Yes info Yes
Cryptocurrency (Underlying) info Yes No
Cryptocurrency (CFDs) info Yes info 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 FP Markets
Average spread (EUR/USD) - Standard account info 1.68 info 1.3 info
All-in Cost EUR/USD - Active info 1.69 info 0.9 info
Inactivity Fee info Yes No
Order execution: Agency info No No
Order execution: Market Maker info Yes Yes
Funding OANDA FP Markets
Minimum Deposit info $0 $100 AUD
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info Yes info No
Trading Platforms OANDA FP Markets
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes info Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes info Yes
cTrader info No Yes
Trading Tools OANDA FP Markets
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 89 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading OANDA FP Markets
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info No No
Mobile Charting - Indicators / Studies info 30 MetaTrader (Default)
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research OANDA FP Markets
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes Yes
Trading Central info No Yes
TipRanks info No No
Client sentiment data info Yes Yes
Economic Calendar info Yes Yes
Education OANDA FP Markets
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Major Forex Pairs OANDA FP Markets
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review OANDA Review FP Markets Review
Overall OANDA FP Markets
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trading Fees 4/5 Stars 4.5/5 Stars
Range of Investments 4.5/5 Stars 4.5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 92 90
Winner check_circle
Review OANDA Review FP Markets Review
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