Written by ForexBrokers.com
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.
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.
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
|
FP Markets
|
|---|---|---|
| Year Founded | 1996 | 2005 |
| 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 |
OANDA and FP Markets both offer forex trading, but FP Markets comes out ahead on commissions and fees. OANDA is rated 4 out of 5 stars and ranks #30 out of 36 brokers for this category. Its pricing is generally on the high side, with average EUR/USD spreads around 1.61 pips on its standard pricing, while its core pricing can lower spreads but adds a commission of about $10 per round turn on a standard lot. OANDA does stand out for very small trade sizes, automated execution, and rebate options for active traders in some regions.
FP Markets is rated 4.5 out of 5 stars and ranks #11 out of 36 brokers for commissions and fees. Its Raw ECN account is the better-value choice for most cost-conscious traders, with average EUR/USD spreads around 0.1 pips and about 0.8 pips all-in after commission, while its Standard account is more expensive due to wider spreads. FP Markets also offers competitive pricing on MetaTrader and cTrader, and its overall fee structure is especially appealing for active forex traders.
In simple terms, FP Markets is the cheaper option overall, especially if you use its commission-based Raw ECN account. OANDA can still make sense for traders who want tiny trade sizes or prefer its pricing setup, but if lower trading costs are the main goal, FP Markets has the stronger edge.
| Feature |
OANDA
|
FP Markets
|
|---|---|---|
| Minimum Deposit | $0 | $100 AUD |
| Average spread (EUR/USD) - Standard account | 1.68 | 1.3 |
| All-in Cost EUR/USD - Active | 1.69 | 0.9 |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
OANDA and FP Markets both give traders access to forex, copy trading, and cryptocurrency CFDs, so either broker can suit someone looking for core trading products. OANDA offers 4,172 tradeable symbols and 69 forex pairs, while FP Markets lists a larger 10,000 tradeable symbols and 71 forex pairs, which gives FP Markets a wider overall selection on paper. Both brokers are rated 4.5 out of 5 stars for Range of Investments, but FP Markets is ranked slightly higher by ForexBrokers.com, coming in at #17 out of 36 compared with OANDA’s #20.
Where OANDA stands out is in its access to exchange-traded securities on both U.S. and international exchanges, meaning clients can buy real shares such as Apple or Vodafone, not just CFDs. OANDA also offers actual, delivered cryptocurrency, while FP Markets does not. FP Markets, however, focuses more on trading variety through its larger list of symbols. In short, OANDA is the better pick for investors who want real stocks and actual crypto, while FP Markets may appeal more to traders who want a broader range of markets to choose from.
| Feature |
OANDA
|
FP Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4172 | 10000 |
| Forex Pairs (Total) | 69 | 71 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | Yes | No |
| Cryptocurrency (CFDs) | 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 FP Markets both give traders a solid mix of platform choices, including a free demo account, a proprietary platform, desktop software for Windows, and a web-based platform you can use in your browser. Each broker also supports copy trading and offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), making them well suited for traders who want familiar tools and flexible ways to trade. Both also let you place trades directly from charts, which can be helpful for quick decision-making.
When it comes to trading platforms and tools, OANDA and FP Markets are closely matched, and both are rated 4 out of 5 stars by ForexBrokers.com. Still, OANDA holds a higher category ranking, placing #16 out of 36 brokers, while FP Markets ranks #22. For traders comparing online brokers, OANDA may have a slight edge in this area, but FP Markets remains a strong option with the same core platform features.
| Feature |
OANDA
|
FP Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 89 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
OANDA and FP Markets both make it easy to trade on the go with iPhone and Android apps, plus price alerts for stocks or forex. Each app also lets you draw trend lines and automatically saves those drawings, which is helpful for traders who want to keep track of chart notes across sessions. One limitation for both brokers is that watchlists do not sync between the mobile app and the online account, so changes made in one place will not appear in the other.
Where OANDA pulls ahead is in charting and overall app quality. OANDA includes 30 technical studies in its mobile app, while FP Markets uses the default tools from MetaTrader. OANDA is rated 5 stars for Mobile Trading Apps and ranks #7 out of 36 brokers at ForexBrokers.com, compared with FP Markets at 4 stars and #20. For traders who want a smoother mobile experience with stronger charting options, OANDA has the edge, while FP Markets still covers the basics well.
| Feature |
OANDA
|
FP Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | MetaTrader (Default) |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
OANDA and FP Markets both give traders a solid range of market research tools. Each broker offers daily market commentary, forex news from major outlets like Bloomberg, Reuters, and Dow Jones, Autochartist tools, sentiment data showing long and short positions, and an economic calendar with key global events. Neither broker includes TipRanks or Acuity Trading research tools.
The main difference is that FP Markets also includes Trading Central tools such as Technical Analytics, while OANDA does not. In overall research quality, OANDA comes out ahead with a 5-star rating and a #4 ranking out of 36 brokers from ForexBrokers.com, compared with FP Markets’ 4-star rating and #22 ranking.
| Feature |
OANDA
|
FP Markets
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central | No | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners who want to learn before they trade, both OANDA and FP Markets offer a solid range of forex and CFD education. Each broker provides at least 10 learning pieces on forex or CFDs, monthly online educational webinars, and a strong library of beginner and advanced videos. That means new traders can find basic lessons to help them get started, while more experienced users can also keep learning with higher-level content.
OANDA has the edge in overall education support. It is rated 5 out of 5 stars for Education and ranks #18 out of 36 brokers, while FP Markets is rated 4 out of 5 stars and ranks #22. In simple terms, both brokers give beginners plenty of educational material, but OANDA is the stronger choice if education is a top priority.
| Feature |
OANDA
|
FP Markets
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
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
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FP Markets
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| Overall Rating |
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| Trust Score | 92 | 90 |
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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.
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.
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 | FP Markets | |
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| Trust Score | 92 | 90 | |
| Winner | check_circle | ||
| Review | OANDA Review | FP Markets Review |
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| Regulation | OANDA | FP Markets | |
|---|---|---|---|
| Trust Score | 92 | 90 | |
| Year Founded | 1996 | 2005 | |
| 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 | FP Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| 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 | FP Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | OANDA | FP Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4172 | 10000 | |
| Forex Pairs (Total) | 69 | 71 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | Yes | No | |
| Cryptocurrency (CFDs) | 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 | FP Markets | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.68 | 1.3 | |
| All-in Cost EUR/USD - Active | 1.69 | 0.9 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | OANDA | FP Markets | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 AUD | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | OANDA | FP Markets | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | Yes |
| Trading Tools | OANDA | FP Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 89 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | FP Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | MetaTrader (Default) | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | OANDA | FP Markets | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | FP Markets | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | OANDA | FP Markets | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | OANDA Review | FP Markets Review |
| Overall | OANDA | FP Markets | |
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| Trust Score | 92 | 90 | |
| Winner | check_circle | ||
| Review | OANDA Review | FP Markets Review |
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