Written by ForexBrokers.com
In this head to head comparison of OANDA vs FxPro, 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.
When comparing online brokers OANDA and FxPro, both have established solid reputations, each with a Trust Score of 93 out of 99 from ForexBrokers.com. Founded in 1996, OANDA has a head start in the industry compared to FxPro, which was founded in 2006. Despite both being privately held, OANDA differentiates itself with its substantial regulatory backing, holding seven Tier-1 licenses, which are considered highly trusted. In contrast, FxPro holds two Tier-1 and one Tier-2 licenses. This regulatory framework is critical for traders prioritizing trust and security.
In terms of other operational aspects, OANDA functions solely as a brokerage, while FxPro operates as a bank, potentially offering a broader range of services. However, neither company is listed on a stock exchange, and thus, they maintain privacy over their financials. Choosing between OANDA and FxPro may depend on a trader's preference for regulatory presence, banking capabilities, or simply brand tenure in the market.
| Feature |
OANDA
|
FxPro
|
|---|---|---|
| Year Founded | 1996 | 2006 |
| Publicly Traded (Listed) | No | No |
| Bank | No | Yes |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
OANDA and FxPro both earn 4/5 stars for commissions and fees, but FxPro edges OANDA in the rankings (#29 of 63 vs. OANDA at #30 of 63). In general, both brokers price above the cheapest competitors, yet the details matter: OANDA’s default spreads tend to be higher, while FxPro’s cTrader account can deliver a lower all-in cost for popular pairs like EUR/USD. If you want the simplest structure with automated execution across accounts, OANDA is straightforward; if you’re willing to use a commission model on cTrader, FxPro can be cheaper on select pairs.
OANDA’s average non-core spread on EUR/USD was 1.61 pips in July 2024. Its Core Pricing tier lowers the spread but adds a $5 per side commission per $100,000 traded (about $10 per round turn), and requires a $10,000 minimum deposit. Using OANDA’s example, a 0.4-pip core spread plus the commission-equivalent of 1 pip lands at roughly 1.4 pips all-in—slightly better than the 1.6-pip default scenario. OANDA also allows ultra-small trade sizes (down to 1 unit) and offers Elite Trader rebates of $5–$17 per million in select regions. It publishes trailing average spreads for transparency, though not fixed-period averages that make one-to-one comparisons easier.
FxPro’s pricing is generally above the industry average on MetaTrader, but its cTrader account uses commission-based pricing that can sharpen costs. On cTrader, FxPro’s effective EUR/USD cost is about 1.27 pips (0.37-pip average spread plus a 0.9-pip commission-equivalent, based on August 2020 data). On MT4/MT5 with variable spreads, EUR/USD was around 1.58 pips on MT4 market execution (1.51 on MT5) and 1.71 pips with instant execution (August 2020). Execution choices differ—instant execution can requote without slippage, while market execution can slip without requotes—and cTrader has no minimum distance for stops/limits, unlike MetaTrader’s 1-pip rule. FxPro’s Elite/Active Trader discounts can reach up to 30%, though they still trail top discount leaders.
| Feature |
OANDA
|
FxPro
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average spread (EUR/USD) - Standard account | 1.68 | 1.6 |
| All-in Cost EUR/USD - Active | 1.69 | 1.3 |
| Non-wire bank transfer | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
OANDA vs FxPro: For range of investments, both brokers let you trade forex as CFDs and as spot. OANDA lists 4,172 tradeable symbols, while FxPro offers 2,249. When it comes to currency pairs, FxPro has a slight edge with 70 pairs versus 69 at OANDA. Both support copy trading, giving you options to mirror other traders’ strategies.
Asset access differs in key areas. OANDA lets clients buy exchange-traded securities on both U.S. and international exchanges, while FxPro offers exchange-traded shares on international markets only (not U.S.). For crypto, OANDA supports both actual coins and crypto CFDs, whereas FxPro supports crypto CFDs only. Both are rated 4 out of 5 stars for Range of Investments by ForexBrokers.com, with OANDA ranked #20 of 63 and FxPro ranked #24—suggesting OANDA offers a broader list overall, while FxPro narrowly leads in forex pair count.
| Feature |
OANDA
|
FxPro
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4172 | 2249 |
| Forex Pairs (Total) | 69 | 70 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| 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.
Comparing OANDA vs FxPro on trading platforms and tools, both brokers check the key boxes. Each one offers a free paper trading demo account, an in-house proprietary platform, and support for MetaTrader 4 (MT4) and MetaTrader 5 (MT5). You can trade on Windows desktop or in your browser, use copy trading, and place orders directly from charts. Both platforms include technical indicators and modern charting features aimed at everyday traders.
In expert reviews, both OANDA and FxPro earn 4 stars for Trading Platforms and Tools. On ForexBrokers.com’s ranking of 63 brokers, OANDA sits slightly higher at #16, while FxPro is #18. If you’re deciding between them, try each broker’s free demos—test the proprietary platform alongside MT4/MT5 to see which interface, watch lists, and chart tools feel most intuitive for your trading style.
| Feature |
OANDA
|
FxPro
|
|---|---|---|
| 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 | 53 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
OANDA and FxPro both offer iPhone and Android apps for forex trading, along with price alerts. The key difference is watchlists: FxPro syncs watchlists between mobile and the web platform, while OANDA does not. For charting, OANDA’s mobile app includes 30 technical studies, whereas FxPro provides 65. Both apps let you draw trendlines, and drawings auto-save.
In overall quality, OANDA’s mobile trading apps are rated 5 stars and ranked #7 out of 63 brokers by ForexBrokers.com, while FxPro earns 4.5 stars and ranks #15. If you value a top-rated mobile experience, OANDA stands out; if you want more built-in indicators and watchlist syncing, FxPro may be the better fit.
| Feature |
OANDA
|
FxPro
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 65 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
OANDA vs FxPro for market research: both brokers publish daily market commentary, stream forex news from top-tier sources (such as Bloomberg, Reuters, or Dow Jones), provide trader sentiment tools that show long/short ratios, and include an economic calendar. Neither broker features TipRanks or Acuity Trading tools.
The key difference lies in their analysis suites. OANDA offers Autochartist, while FxPro provides Trading Central. In independent testing by ForexBrokers.com, OANDA earns 5 stars for Research and ranks #4 out of 63 brokers, whereas FxPro earns 4 stars and ranks #23. Choose OANDA if you want Autochartist and a higher-rated research experience; pick FxPro if Trading Central is your priority.
| Feature |
OANDA
|
FxPro
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| 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.
OANDA vs FxPro for beginner education: Both brokers offer at least 10 beginner-friendly trading videos, making it easy to grasp forex and CFD basics. OANDA goes further with at least 10 advanced videos to help you progress, and it runs client webinars at least once a month—useful if you learn best with live sessions and Q&A. FxPro does not host monthly educational webinars, so its content is more self-paced.
In terms of scores, OANDA earns 5 stars for Education while FxPro earns 4 stars. However, in ForexBrokers.com’s Education rankings out of 63 brokers, FxPro is placed at #17 and OANDA at #18. If you want live instruction and a deeper path into advanced topics, OANDA is the stronger fit; if you’re comfortable learning from on-demand videos without webinars, FxPro will suit you fine.
| Feature |
OANDA
|
FxPro
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
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 FxPro. OANDA finished with an overall rank of #13, while FxPro finished with an overall rank of #20.
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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FxPro
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| Overall Rating |
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| Trust Score | 93 | 93 |
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Comparing online brokers OANDA vs FxPro for cryptocurrency trading: OANDA allows you to buy actual (delivered) cryptocurrency and trade cryptocurrency CFDs, while FxPro supports only cryptocurrency CFDs and does not offer buying real (delivered) crypto.
OANDA vs FxPro: both brokers support ACH/SEPA transfers, PayPal, Skrill, and bank wire deposits and withdrawals, while Visa/Mastercard availability is not specified for either.
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 | FxPro | |
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| Trust Score | 93 | 93 | |
| Winner | check_circle | ||
| Review | OANDA Review | FxPro Review |
| Broker Screenshots | OANDA | FxPro | |
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| Regulation | OANDA | FxPro | |
|---|---|---|---|
| Trust Score | 93 | 93 | |
| Year Founded | 1996 | 2006 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | Yes | |
| 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 | FxPro | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| 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 | Yes | |
| 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 | FxPro | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | OANDA | FxPro | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4172 | 2249 | |
| Forex Pairs (Total) | 69 | 70 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| 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 | FxPro | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.68 | 1.6 | |
| All-in Cost EUR/USD - Active | 1.69 | 1.3 | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | OANDA | FxPro | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | Yes |
| Trading Platforms | OANDA | FxPro | |
|---|---|---|---|
| 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 | FxPro | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 89 | 53 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | FxPro | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 65 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | OANDA | FxPro | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | FxPro | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | OANDA | FxPro | |
|---|---|---|---|
| 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 | FxPro Review |
| Overall | OANDA | FxPro | |
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| Trust Score | 93 | 93 | |
| Winner | check_circle | ||
| Review | OANDA Review | FxPro Review |
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