OANDA vs FxPro Comparison
Weโve made it easy to compare the best forex brokers, side-by-side. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test. That same research and data powers our broker comparisons. Let's compare OANDA vs FxPro.
Can I trust OANDA?
OANDA is not publicly traded and does not operate a bank. OANDA is authorised by seven Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulators (High Risk). OANDA is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Investment Industry Regulatory Organization of Canada (IIROC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Financial Conduct Authority (FCA), and the Commodity Futures Trading Commission (CFTC), and regulated in the European Union via the MiFID passporting system.
Can I trust FxPro?
FxPro is not publicly traded and does not operate a bank. FxPro is authorised by two Tier-1 regulator (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and four Tier-4 regulators (High Risk). FxPro is authorised by the following Tier-1 regulators: Financial Conduct Authority (FCA) and regulated in the European Union via the MiFID passporting system.
Is OANDA good?
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.
Is FxPro good?
FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app โ though it isnโt yet available for mobile โ alongside access to the BnkPro app (which isnโt yet available in all regions).
What is the minimum deposit requirement for opening an account with OANDA?
To open a trading account with OANDA, you'll need to make an initial minimum deposit of $0.
What is the minimum deposit requirement for opening an account with FxPro?
FxPro requires a minimum deposit of $100 before you can open an account and start trading.
What funding options does each broker offer?
It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. Both OANDA and FxPro offer Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw).
Does OANDA or FxPro offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that FxPro offers better pricing overall for traders.
Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.
Is OANDA or FxPro safer for forex and CFDs trading?
At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that OANDA holds 7 global Tier-1 licenses, while FxPro holds 2. FxPro holds 1 global Tier-2 licenses, while OANDA holds 0.
After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that OANDA (93) earned a higher Trust Score than FxPro (90).
Which trading platform is better: OANDA or FxPro?
To compare the trading platforms of both OANDA and FxPro, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, OANDA offers a better experience. With research, OANDA offers superior market research. Finally, we found OANDA to provide better mobile trading apps.
Hereโs what trading platforms are available at OANDA:
- Proprietary Platform - Yes
- Web Platform - Yes
- cTrader - No
- DupliTrade - No
- MT4 - Yes
- MT5 - Yes
- ZuluTrade - No
- TradingView - Yes
Hereโs what trading platforms are available at FxPro:
- Proprietary Platform - Yes
- Web Platform - Yes
- cTrader - Yes
- DupliTrade - No
- MT4 - Yes
- MT5 - Yes
- ZuluTrade - No
- TradingView - No
What about MetaTrader? How about copy trading?
The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both OANDA and FxPro offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. OANDA and FxPro both offer copy trading.
What can I trade with each broker?
FxPro provides traders 70 currency pairs (e.g., EUR/USD) compared to OANDA's 68 available pairs. If you are interested in trading a full range of securities, OANDA offers traders access to 3928 tradeable symbols, while FxPro offers access to 2249 tradeable symbols; so OANDA offers 1679 more tradeable symbols than FxPro.
We found in our testing that OANDA offers a more diverse selection of investment options than FxPro, allowing you to trade Forex Trading (Spot or CFDs), Cryptocurrency (Physical), Cryptocurrency (Derivative), Social Trading / Copy Trading and Spread Betting.
Overall winner: OANDA
travel_explore See the best forex brokers in your country.
Use our international search tool to find a broker that accepts clients from your country.
Popular Forex Reviews
Popular Forex Guides
Popular Forex Education
More Forex Guides
Popular Forex Broker Reviews
announcementPlease note:
We review each brokerโs overall global offering โ a โYesโ 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.