FXTM
OANDA
VS
Higher Rated
OANDA
Capital at risk · T&Cs apply
In this detailed comparison of FXTM and OANDA, we explore the distinct offerings of these two well-regarded brokers. FXTM, with its very low minimum deposit requirement and support for both MT4 and MT5 platforms, appeals to traders seeking flexibility and strong regulatory backing, particularly in Africa and Asia. In contrast, OANDA, with no minimum deposit and comprehensive regulatory oversight across seven jurisdictions, suits traders prioritising accessibility and reliability, especially in the US market. A key difference lies in their leverage offerings: FXTM provides up to 1:2000, which may attract experienced traders, while OANDA offers a more conservative 1:50, catering to those who prefer reduced risk exposure.
FXTM
OANDA
| FXTM | OANDA | |
|---|---|---|
| BrokerRank Score | 3.6/5 | 4.1/5 ✓ |
| Min. Deposit | $10 | $0 ✓ |
| Spread from | 0.1 pips ✓ | 0.6 pips |
| Max Leverage | 1:2000 ✓ | 1:50 |
| Regulation | FCA, CySEC, FSCA | FCA, CFTC, ASIC ✓ |
| Platforms | MT4, MT5 | MT4, Proprietary Web, Proprietary Mobile |
OANDA is the better choice overall, scoring 4.1/5 vs 3.6/5 on BrokerRank's independent rating. On fees, FXTM offers lower spreads (0.1 pips).
See full side-by-side comparison belowFXTM
OANDA
WinnerFXTM
OANDA
FXTM
3.6/5
Choose FXTM if you want…
OANDA
4.1/5
Choose OANDA if you want…
OANDA scores higher overall on our independent rating system. FXTM holds a 3.6/5 rating vs OANDA's 4.1/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
FXTM offers spreads from 0.1 pips, while OANDA starts at 0.6 pips. Check the fees section above for a full breakdown.
FXTM requires a minimum deposit of $10. OANDA requires $0.
FXTM is regulated by FCA, CySEC, FSCA, while OANDA holds licences from FCA, CFTC, ASIC, MAS.
FXTM supports MT4, MT5. OANDA supports MT4, Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across 345 brokers
58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.