Written by ForexBrokers.com
In this head to head comparison of OANDA vs FXPrimus, 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.
Founded in 1996, OANDA is an online broker known for its high level of trust and security in the trading community. Holding seven Tier-1 licenses, OANDA is widely recognized for its strong regulatory standing, earning it a Trust Score of 93 out of 99 on ForexBrokers.com. This positions it as a highly trusted choice for traders seeking a reliable platform, despite not being publicly traded or a bank.
FXPrimus, established in 2009, offers traders a different proposition. With one Tier-1 license, this broker is rated with a Trust Score of 71 out of 99 by ForexBrokers.com, suggesting an average risk level according to their rating scale. Similar to OANDA, FXPrimus is neither publicly traded nor a bank, making it important for potential users to consider the regulatory aspects when choosing between these two platforms.
| Feature |
OANDA
|
FXPrimus
|
|---|---|---|
| Year Founded | 1996 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
OANDA and FXPrimus both earn 4 stars for commissions and fees. In ForexBrokers.com’s 2024 rankings, OANDA places #35 out of 63 brokers, while FXPrimus is #43. OANDA’s costs tend to be higher than the cheapest brokers, but it offers clear pricing options and very small trade sizes. By contrast, average spread data for FXPrimus isn’t available, making a direct, apples-to-apples comparison harder.
At OANDA, the average spread on EUR/USD under its default (commission-free) pricing was 1.61 pips in July 2024. Its Core Pricing plan lowers the spread but adds a commission of $5 per side per $100,000 traded (about $10 per round turn), with a $10,000 minimum deposit. Using OANDA’s example, a 0.4-pip core spread plus the commission (about 1 pip all-in) lands near 1.4 pips—slightly cheaper than the 1.6-pip default. OANDA also allows trade sizes as small as 1 unit, offers active-trader rebates of $5–$17 per million, and publishes trailing average spreads (though not fixed-period averages).
FXPrimus does not provide average spread data, so you’ll need to rely on live quotes and account disclosures to gauge costs. Given the equal 4-star ratings but different rankings—OANDA #35 and FXPrimus #43—cost-focused traders may find OANDA’s published pricing and tiny minimum trade size more transparent and flexible, while high-volume traders could benefit from OANDA’s core plan and rebates if they meet the deposit threshold.
| Feature |
OANDA
|
FXPrimus
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.69 | N/A |
| All-in Cost EUR/USD - Active | 1.69 | N/A |
| Active Trader or VIP Discounts [DELETED] | ||
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
OANDA vs FXPrimus: both let you trade forex as CFDs or spot and both support copy trading, but OANDA offers far more markets. OANDA lists 4,172 tradeable symbols and 69 forex pairs, while FXPrimus has 140 symbols and 42 pairs. OANDA also lets clients buy exchange-traded stocks on U.S. and international exchanges (think Apple or Vodafone), which FXPrimus does not offer.
Crypto access also differs: OANDA supports both actual (delivered) cryptocurrencies and crypto derivatives, whereas FXPrimus offers crypto derivatives only. For Range of Investments, OANDA earns 4 stars and ranks #28 out of 63 brokers at ForexBrokers.com; FXPrimus scores 3.5 stars and ranks #60. If you want wider market access with stocks and real crypto, OANDA is the stronger pick. If you just need forex and CFDs with copy trading, FXPrimus covers the basics.
| Feature |
OANDA
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4172 | 140 |
| Forex Pairs (Total) | 69 | 42 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | 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 FXPrimus both check the key boxes for trading platforms and tools. Each offers a free demo account for paper trading, a proprietary platform, and access via both a Windows desktop download and a web-based platform. They also support MetaTrader 4 (MT4) and MetaTrader 5 (MT5), enable copy trading, and let you place trades directly from charts—useful for quick entries and exits.
While both are rated 4 stars for platforms and tools, OANDA ranks higher (#15 of 63) than FXPrimus (#50 of 63) in the ForexBrokers.com category, which may signal a smoother or more feature-rich overall experience. Some specifics—such as the counts of chart indicators, drawing tools, watchlist fields, or whether they connect with services like ZuluTrade or DupliTrade—weren’t provided, so it’s worth checking each broker’s site for the latest details.
| Feature |
OANDA
|
FXPrimus
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade [DELETED] | ||
| ZuluTrade [DELETED] | ||
| Charting - Indicators / Studies (Total) | 89 | 30 |
| Charting - Drawing Tools (Total) [DELETED] | ||
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields [DELETED] |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Comparing OANDA vs FXPrimus for mobile trading, both brokers check the key boxes: iPhone and Android apps, real-time price alerts for forex (and stocks where supported), and the ability to build watchlists with live quotes. Their charting tools are closely matched, offering 30 technical studies, trendline drawing, multiple time frames (intraday to weekly), and auto-saving of drawings. One drawback for both: watchlist symbol syncing between the mobile app and the web platform isn’t available, so changes you make in one place won’t carry over to the other.
Where they differ is reputation and ratings. OANDA earns 5 stars for Mobile Trading Apps and ranks #7 out of 63 brokers on ForexBrokers.com, while FXPrimus holds 4 stars and ranks #49. If you want a higher-rated mobile experience backed by stronger third-party rankings, OANDA has the edge. That said, both apps cover the core features most forex traders use every day.
| Feature |
OANDA
|
FXPrimus
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
OANDA vs FXPrimus for market research: both brokers publish daily market commentary and include an economic calendar. The rest is where they differ. OANDA streams forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, while FXPrimus does not. OANDA also includes Autochartist for technical pattern spotting; neither broker offers Trading Central. A sentiment tool showing the share of long vs. short positions is available at OANDA but not at FXPrimus. OANDA does not offer TipRanks or Acuity Trading, and availability of those services at FXPrimus isn’t specified.
According to ForexBrokers.com, OANDA earns 5 stars for Research and ranks 4th out of 63 brokers, whereas FXPrimus holds 3 stars and ranks 59th. In short, traders seeking news from leading outlets, Autochartist, and sentiment data may prefer OANDA, while FXPrimus covers the basics with commentary and a calendar.
| Feature |
OANDA
|
FXPrimus
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
OANDA vs FXPrimus for beginner education: Both brokers host online client webinars at least once a month. OANDA goes further with at least 10 beginner videos and at least 10 advanced videos, giving new traders a clear path from basics to more complex topics. FXPrimus does not meet the 10‑video mark for beginner or advanced topics. Reflecting this difference, OANDA earns 5 stars for Education and ranks #19 out of 63 brokers at ForexBrokers.com, while FXPrimus earns 3 stars and ranks #51.
From the details provided, it’s not confirmed whether either broker keeps a searchable archive of past webinars, offers an investor dictionary with 50+ terms, or has a broader library of 10+ forex/CFD education pieces. If these features matter to you, check each broker’s education center for the latest resources. Based on what we do know, beginners are likely to find more structured video learning at OANDA, while FXPrimus provides regular webinars but a smaller video library.
| Feature |
OANDA
|
FXPrimus
|
|---|---|---|
| Education (Forex or CFDs) | ||
| Webinars | Yes | Yes |
| Client Webinars (Archived) [DELETED] | ||
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) [DELETED] |
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 FXPrimus. OANDA finished with an overall rank of #12, while FXPrimus finished with an overall rank of #53.
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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FXPrimus
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 71 |
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OANDA provides both the opportunity to purchase actual cryptocurrency and trade cryptocurrency derivatives, while FXPrimus solely offers the option to trade cryptocurrency derivatives and not the actual cryptocurrencies.
When comparing the online brokers OANDA and FXPrimus, OANDA provides more diverse funding options, including ACH and SEPA transfers, and PayPal, in addition to common methods like Skrill, Visa or Mastercard, and bank wires, while FXPrimus supports Skrill, Visa or Mastercard, and bank wires, but lacks ACH, SEPA, and PayPal options.
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 | FXPrimus | |
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| Trust Score | 93 | 71 | |
| Winner | check_circle | ||
| Review | OANDA Review |
| Broker Screenshots | OANDA | FXPrimus | |
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| Regulation | OANDA | FXPrimus | |
|---|---|---|---|
| Trust Score | 93 | 71 | |
| Year Founded | 1996 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | OANDA | FXPrimus | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC 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 | FXPrimus | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | OANDA | FXPrimus | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4172 | 140 | |
| Forex Pairs (Total) | 69 | 42 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | 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 | FXPrimus | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.69 | N/A | |
| All-in Cost EUR/USD - Active | 1.69 | N/A | |
| Active Trader or VIP Discounts [DELETED] | |||
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | OANDA | FXPrimus | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | OANDA | FXPrimus | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | Yes | |
| DupliTrade [DELETED] | |||
| ZuluTrade [DELETED] |
| Trading Tools | OANDA | FXPrimus | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields [DELETED] | |||
| Charting - Indicators / Studies (Total) | 89 | 30 | |
| Charting - Drawing Tools (Total) [DELETED] | |||
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | FXPrimus | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | OANDA | FXPrimus | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | ||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | FXPrimus | |
|---|---|---|---|
| Education (Forex or CFDs) | |||
| Webinars | Yes | Yes | |
| Client Webinars (Archived) [DELETED] | |||
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) [DELETED] |
| Major Forex Pairs | OANDA | FXPrimus | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | OANDA Review |
| Overall | OANDA | FXPrimus | |
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| Trust Score | 93 | 71 | |
| Winner | check_circle | ||
| Review | OANDA Review |
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