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 |
When comparing commissions and fees, OANDA and FxPro both offer unique advantages and trade-offs for forex traders. OANDA is recognized for its automated execution and flexible trading sizes, allowing transactions as small as 1 unit or 0.001 micro lot. However, OANDA's costs are relatively high, with average spreads of 1.61 pips on the EUR/USD pair for non-core pricing. The core pricing structure offers reduced spreads at 0.4 pips but imposes a commission fee of $5 per $100,000, resulting in a total effective cost of about 1.4 pips. OANDA’s focus on transparency through the publication of trailing average spreads and its Elite Trader program can appeal to active traders, though its pricing is not industry-leading. OANDA earns 4 stars for commissions and fees and is ranked #34 out of 63 brokers by ForexBrokers.com.
FxPro provides various pricing models that cater to different trading preferences but comes with a cost structure that is above the industry average. On its cTrader platform, effective spreads for the EUR/USD pair are about 1.27 pips, including an average spread of 0.37 pips and a commission component. While the floating-rate spread model on MT4 and MT5 presents spreads of 1.58 and 1.51 pips, the fixed-spread format is not an option on MT5, limiting execution flexibility. FxPro offers an Active Trader program with discounts up to 30% through its Elite account, although these benefits are less competitive than those from top-tier brokers. FxPro also receives a 4-star rating for commissions and fees and is ranked slightly higher at #32 out of 63 brokers by ForexBrokers.com.
In summary, both OANDA and FxPro provide competitive, yet distinct, pricing strategies that may cater to varying trading needs and habits. Traders prioritizing automation and transparency in execution may lean toward OANDA, while those seeking flexibility in execution styles and active trader discounts might find FxPro a better fit. Though the fees are comparably rated, the slight rank difference showcases the nuanced benefits offered by each broker in the broader landscape of forex brokerage options.
| Feature |
OANDA
|
FxPro
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.61 | 1.51 |
| All-in Cost EUR/USD - Active | 1.61 | 1.27 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing OANDA and FxPro in terms of their range of investments, both brokers provide forex trading as contracts for difference (CFDs) or spot contracts. OANDA offers a larger selection of tradeable symbols, with 3,928 in total compared to FxPro's 2,249, although FxPro slightly surpasses OANDA in the number of tradeable forex pairs, offering 70 compared to OANDA's 68. Neither broker allows clients to buy exchange-traded securities on U.S. exchanges. However, FxPro distinguishes itself by providing access to international exchanges, allowing clients to purchase stocks like Vodafone on the London Stock Exchange, a feature not available with OANDA.
Both brokers support copy trading, but they differ in their cryptocurrency offerings. OANDA provides the capability to buy actual cryptocurrencies as well as cryptocurrency derivatives. Conversely, FxPro only offers cryptocurrency derivatives. While both brokers have garnered a 4-star rating for their range of investments, OANDA holds a slightly higher ranking at #27 compared to FxPro's #28 on ForexBrokers.com out of 63 assessed brokers in this category. Overall, each broker brings its own strengths to the table, offering a mix of trading opportunities to suit diverse investment needs.
| Feature |
OANDA
|
FxPro
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3928 | 2249 |
| Forex Pairs (Total) | 68 | 70 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| 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 FxPro are two popular online brokers, each offering a comprehensive suite of trading platforms and tools suitable for both novice and experienced traders. Both brokers provide free virtual demo accounts, allowing users to practice trading without any financial risk. Additionally, they each have their own proprietary platforms alongside offering support for the widely used MetaTrader 4 and MetaTrader 5 software, providing flexibility to traders regardless of their preferred method. Both brokerages also offer Windows-based desktop and web-based trading platforms, ensuring accessibility from various devices. Furthermore, they support copy trading, though they do not currently offer DupliTrade or ZuluTrade servicios.
When it comes to charting and analysis tools, OANDA edges ahead in terms of the number of drawing tools provided, with 431 compared to FxPro's 25. Both brokers support trading directly from stock charts and offer watch lists with the ability to observe six fields. Regarding trader ratings, each company earns a solid four-star score for their trading platforms and tools, demonstrating their reliable service. However, OANDA’s slightly higher ranking at 15th place compared to FxPro’s 17th place on ForexBrokers.com highlights a marginal preference among users, possibly influenced by its more extensive chart drawing capabilities.
| Feature |
OANDA
|
FxPro
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary 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 | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 81 | 53 |
| Charting - Drawing Tools (Total) | 431 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 6 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both OANDA and FxPro offer mobile trading apps for iPhone and Android devices, allowing users to access a range of features on the go. Both platforms support stock and forex price alerts, enabling traders to stay updated with market changes. However, FxPro offers an edge with its ability to sync watchlist symbols between the mobile app and the client’s online account, a feature absent in OANDA. When it comes to technical studies available in the apps, OANDA provides 30, while FxPro boasts a more comprehensive selection of 65, catering to traders who require detailed chart analysis. Both brokers allow users to draw trendlines and view multiple time frames, such as daily, weekly, or intraday, while auto-saving these drawings for convenience.
For those keen on creating watchlists with real-time quotes, both OANDA and FxPro deliver this functionality seamlessly. When comparing ratings, OANDA excels with a perfect 5-star rating for its mobile trading app from users, while FxPro follows closely with a commendable 4.5 stars. According to ForexBrokers.com, OANDA is ranked 7th out of 63 brokers for its mobile trading app capabilities, suggesting it's well received in the trading community. Meanwhile, FxPro holds the 15th spot, indicating strong performance but slightly trailing behind OANDA in user and expert evaluations.
| Feature |
OANDA
|
FxPro
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 65 |
| 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.
When considering the research offerings of online brokers OANDA and FxPro, both provide daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters. OANDA shines with its inclusion of tools from Autochartist, offering traders advanced technical and fundamental analysis capabilities, which FxPro lacks. However, if you're seeking tools from Trading Central, FxPro takes the lead, offering specific analytics from this reputable provider, while OANDA does not.
Sentiment-based trading tools are available from both brokers, showing the ratio of long or short positions, which can aid trading strategies. Both OANDA and FxPro also feature economic calendars to keep traders informed of global economic events. Despite similarities, OANDA's comprehensive research capabilities earn it a 5-star rating and a 5th place ranking in research by ForexBrokers.com, while FxPro, with slightly fewer offerings, holds a 4-star rating and ranks 26th among 63 brokers.
| Feature |
OANDA
|
FxPro
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
OANDA and FxPro both offer excellent educational resources for beginner traders, providing a variety of materials, including articles, videos, and archived webinars focusing on forex and CFDs. Both platforms ensure access to at least 10 beginner-friendly trading videos, helping new traders get a solid start. OANDA stands out by offering monthly educational webinars and a full archive of recorded sessions, which can be an invaluable resource for continuous learning. In contrast, FxPro does not host regular webinars but does provide archived sessions.
When it comes to videos aimed at more seasoned traders, OANDA takes the lead with a collection of advanced trading videos, whereas FxPro falls short in this area. Both brokers offer comprehensive investor dictionaries to help beginners understand key terms. Overall, OANDA is rated five stars for its education offerings and ranks #22 out of 63 brokers, whereas FxPro has a slightly lower education rating of four stars but is ranked higher at #18. This suggests that while both brokers provide quality educational tools, subtle differences exist depending on the level of learning support one might need.
| Feature |
OANDA
|
FxPro
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | 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 FxPro. OANDA finished with an overall rank of #12, while FxPro finished with an overall rank of #21.
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
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 93 |
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While both OANDA and FxPro provide options for purchasing cryptocurrency derivatives, only OANDA offers the unique capability to buy actual delivered cryptocurrency, making it a distinctive choice for traders looking to own real crypto assets.
Both OANDA and FxPro provide various options for depositing or withdrawing account funds, including ACH or SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, offering users versatile and convenient financial transaction methods.
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 (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| 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 | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | OANDA | FxPro | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3928 | 2249 | |
| Forex Pairs (Total) | 68 | 70 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| 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 | FxPro | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.61 | 1.51 | |
| All-in Cost EUR/USD - Active | 1.61 | 1.27 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | OANDA | FxPro | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | OANDA | FxPro | |
|---|---|---|---|
| Proprietary 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 | No | No | |
| ZuluTrade | No | No |
| Trading Tools | OANDA | FxPro | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 6 | |
| Charting - Indicators / Studies (Total) | 81 | 53 | |
| Charting - Drawing Tools (Total) | 431 | 25 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 65 | |
| 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 | FxPro | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | FxPro | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | OANDA | FxPro | |
|---|---|---|---|
| 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 | FxPro Review |
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| Trust Score | 93 | 93 | |
| Winner | check_circle | ||
| Review | OANDA Review | FxPro Review |
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