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 online brokers OANDA and FxPro, both have their distinct strengths and nuances in terms of commissions and fees. OANDA is recognized for its reliable automated execution but tends to have higher forex trading costs. Its bid/ask spreads are generally similar to those of FxPro and FOREX.com, although the spreads can be slightly higher compared to brokers that offer sub-pip spreads. OANDA also provides a core pricing option that includes a commission of $5 for every $100,000 traded, potentially making the cost more competitive for substantial accounts with a $10,000 minimum deposit. Notably, traders at OANDA can benefit from rebates through the Elite Trader program when trading high volumes and appreciate transparency as the broker frequently publishes average spreads.
On the other hand, FxPro's pricing is generally above the industry average, influencing its competitive stance against other firms like Pepperstone and IC Markets. With a variety of platforms to choose from, FxPro offers variable and fixed spreads on the MT4 platform and implements commission-based pricing on cTrader, where the effective spread for the EUR/USD pair is about 1.27 pips. The spreads for market execution on MT4 and MT5 average around 1.58 pips, illustrating a slightly lower effective spread than instant execution, which stands at 1.71 pips. FxPro's Active Trader program offers appealing discounts to entice high-volume traders, although this might not entirely catch up with the leader perks available from some top-tier competitors.
In terms of industry ratings, both brokers received four stars for their commissions and fees. OANDA holds the 34th position, while FxPro ranks marginally higher at #32 out of 62 brokers according to ForexBrokers.com. Despite their shared ratings, the slight edge in rank highlights FxPro's marginally more competitive position in the landscape of forex trading costs.
| 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.
OANDA and FxPro are both popular online brokers offering forex trading as CFDs or spot contracts. OANDA provides access to 3928 tradeable symbols, while FxPro offers 2249. When it comes to forex pairs, FxPro leads slightly with 70 pairs compared to OANDA's 68. However, OANDA does not provide exchange-traded securities on either U.S. or international exchanges, whereas FxPro allows for trading on international exchanges only, such as Vodafone shares from the London Stock Exchange. Both brokers support copy trading, which can be an attractive feature for those looking to mirror successful traders' strategies.
In the realm of cryptocurrencies, OANDA offers both actual cryptocurrencies and derivatives, giving users the opportunity to buy digital assets directly. On the other hand, FxPro only provides cryptocurrency derivatives. Both brokers achieve the same rating of 4 stars for their range of investments. However, in rankings by ForexBrokers.com, OANDA is positioned slightly higher at 27th place, with FxPro following closely at 28th among 62 brokers. This comparison demonstrates that each broker has its strengths and is suited to different investment strategies depending on individual trader 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.
Choosing between OANDA and FxPro for their trading platforms and tools can be straightforward, as both brokers offer similar features. With both providing simulated trading via free virtual demo accounts, traders can practice without investing real money. Each broker also boasts a proprietary platform developed in-house, as well as the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Investors can trade via Windows-based desktop downloads or easily through web-based platforms on either broker. Copy trading is available with both, but neither offers DupliTrade or ZuluTrade as part of their platform selection.
In terms of technical analysis features, OANDA stands out with 431 drawing tools for charting, whereas FxPro offers 25. Both allow trading directly from stock charts and provide six columns for watch lists. Their trading platforms and tools have a solid user rating of 4 stars each. According to ForexBrokers.com rankings, OANDA is slightly ahead at #15, compared to FxPro's #17 out of 62 brokers. Whether you prioritize functionality or ranking, both brokers offer reliable and user-friendly trading experiences.
| 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.
When it comes to mobile trading apps, both OANDA and FxPro provide comprehensive experiences on iPhone and Android devices. They each offer key features like price alerts, the ability to draw trendlines, and multiple time frame views for analyzing stock and forex charts. OANDA and FxPro also allow users to create watchlists with real-time quotes, adding convenience for traders who need quick access to market information. However, a notable difference is in watchlist symbol syncing: FxPro has this feature, allowing seamless integration between the mobile app and the user's online account, while OANDA does not. Additionally, FxPro offers 65 technical studies for charting, whereas OANDA provides 30.
OANDA stands out with a higher rating of 5 stars for mobile trading apps, compared to FxPro's 4.5 stars. This distinction is reflected in their rankings by ForexBrokers.com, where OANDA is placed at an impressive 7th out of 62 brokers, surpassing FxPro which is ranked 15th. Both platforms auto-save drawings on charts, enhancing user experience by preserving analysis across sessions. Whether you're more focused on technical analysis with FxPro's extensive studies or the overall highly-rated performance of OANDA, both apps offer reliable tools for mobile trading.
| 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 comparing OANDA and FxPro, both brokers offer a wealth of market research options, making them strong choices for informed trading. They each provide daily market commentary and up-to-date forex news from top-tier sources like Bloomberg and Reuters, ensuring traders stay informed about vital market movements. Both platforms also feature a sentiment-based trading tool that displays the ratios of long or short positions across different instruments, and they each include an economic calendar that highlights important global news events. However, OANDA differentiates itself by offering technical analysis tools from Autochartist, a feature that FxPro lacks.
On the other hand, FxPro compensates by providing technical analytics through Trading Central, which OANDA does not offer. Despite these nuances, OANDA shines brighter in the research category with a five-star rating and a standout #5 rank among 62 brokers according to ForexBrokers.com, compared to FxPro's four-star rating and #26 rank. This makes OANDA a more compelling choice for traders prioritizing comprehensive research resources. However, both brokers do not provide market research through TipRanks or Acuity Trading tools, offering a shared experience in this aspect.
| 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.
For beginners exploring online brokers, OANDA and FxPro both provide substantial educational materials, but there are noteworthy differences. Both platforms deliver over 10 educational pieces, including articles, videos, and webinars on forex and CFDs, ensuring a solid foundation for new traders. However, OANDA stands out by hosting monthly live webinars, something FxPro currently doesn't offer. Both brokerages maintain a searchable archive of past webinars, making it easy for learners to access previously recorded sessions at their own pace. Furthermore, while OANDA shares more advanced educational videos, both offer enough beginner content to get you started.
Beyond videos and webinars, OANDA and FxPro both feature an investor dictionary with comprehensive definitions of over 50 trading terms. This is a great resource for beginners who want to understand trading jargon. When it comes to their overall ratings for education, OANDA edges ahead with a 5-star rating compared to FxPro's 4 stars. Surprisingly, despite OANDA's excellent score for educational content, it ranks slightly lower at #22 compared to FxPro at #18 in ForexBrokers.com's list for educational resources, highlighting a competitive edge for both platforms in the educational arena.
| 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 62 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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