OANDA vs Fidelity 2026: Which Broker is Better?
Choosing between OANDA and Fidelity depends on your trading style, preferred markets, and budget. OANDA is headquartered in New York, USA, while Fidelity operates from Boston, USA. Fidelity has the longer track record, established in 1946, compared to OANDA which was founded in 1996. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
OANDA
Fidelity
| OANDA | Fidelity | |
|---|---|---|
| BrokerRank Score | 4.3/5 ✓ | 3.6/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0.6 pips | 0 pips ✓ |
| Max Leverage | 1:50 ✓ | 1:2 |
| Regulation | CFTC, FCA, ASIC ✓ | SEC, CFTC |
| Platforms | MT4, Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
OANDA is the better choice overall, scoring 4.3/5 vs 3.6/5 on BrokerRank's independent rating. On fees, Fidelity offers lower spreads (0 pips).
See full side-by-side comparison belowOANDA vs Fidelity: Key Differences
OANDA
WinnerFidelity
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Fees Comparison
OANDA
Fidelity
Lower feesRegulation & Trust
OANDA holds licences from FCA, CFTC, ASIC. Fidelity is regulated by SEC, CFTC.
Markets & Assets
Both brokers offer access to Indices, Commodities markets. OANDA additionally covers Forex, Cfd. Fidelity adds Stocks.
Fees & Spreads
On spreads, Fidelity is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at OANDA.
Trading Platforms
OANDA supports MT4, Proprietary Web, Proprietary Mobile. Fidelity offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
OANDA requires no minimum deposit, while Fidelity sets no minimum deposit. This makes OANDA accessible to traders with any budget.
Overall Ratings
BrokerRank scores OANDA at 4.09/5 and Fidelity at 3.58/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. OANDA leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
OANDA
4.3/5
Choose OANDA if you want…
- Higher overall rating (4.3/5)
- Higher leverage (up to 1:50)
- More regulatory licences (7)
- More market types (4)
Fidelity
3.6/5
Choose Fidelity if you want…
- Tighter spreads (from 0 pips)
- More established (est. 1946)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both OANDA & Fidelity are available in
Frequently Asked Questions
1Is OANDA better than Fidelity?
OANDA scores higher overall on our independent rating system. OANDA holds a 4.3/5 rating vs Fidelity's 3.6/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, OANDA or Fidelity?
OANDA offers spreads from 0.6 pips, while Fidelity starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for OANDA vs Fidelity?
OANDA requires a minimum deposit of $0. Fidelity requires $0.
4Which broker is safer, OANDA or Fidelity?
OANDA is regulated by CFTC, FCA, ASIC, MAS, CIRO, BVI FSC, KNF, while Fidelity holds licences from SEC, CFTC.
5What trading platforms do OANDA and Fidelity support?
OANDA supports MT4, Proprietary Web, Proprietary Mobile. Fidelity supports Proprietary Web, Proprietary Mobile.
6Can I use both OANDA and Fidelity?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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