OANDA
FP Markets
VS
Higher Rated
OANDA
Capital at risk · T&Cs apply
Choosing between OANDA and FP Markets depends on your trading style, preferred markets, and budget. OANDA is headquartered in New York, USA, while FP Markets operates from Sydney, Australia. OANDA has the longer track record, established in 1996, compared to FP Markets which was founded in 2005. 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
FP Markets
| OANDA | FP Markets | |
|---|---|---|
| BrokerRank Score | 4.1/5 ✓ | 3.8/5 |
| Min. Deposit | $0 ✓ | $100 |
| Spread from | 0.6 pips | 0 pips ✓ |
| Max Leverage | 1:50 | 1:500 ✓ |
| Regulation | FCA, CFTC, ASIC ✓ | ASIC, CySEC |
| Platforms | MT4, Proprietary Web, Proprietary Mobile | MT4, MT5, TradingView |
OANDA is the better choice overall, scoring 4.1/5 vs 3.8/5 on BrokerRank's independent rating. On fees, FP Markets offers lower spreads (0 pips).
See full side-by-side comparison belowOANDA
WinnerFP Markets
OANDA
FP Markets
OANDA holds licences from FCA, CFTC, ASIC. FP Markets is regulated by ASIC, CySEC.
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. FP Markets adds Stocks.
On spreads, FP Markets is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at OANDA.
OANDA supports MT4, Proprietary Web, Proprietary Mobile. FP Markets offers MT4, MT5, TradingView, Proprietary Mobile. Both brokers are available on MT4, Proprietary Mobile.
OANDA requires no minimum deposit, while FP Markets sets a minimum deposit of $100. This makes OANDA accessible to traders with any budget.
BrokerRank scores OANDA at 4.09/5 and FP Markets at 3.84/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. OANDA leads overall with a clear advantage.
OANDA
4.1/5
Choose OANDA if you want…
FP Markets
3.8/5
Choose FP Markets if you want…
OANDA scores higher overall on our independent rating system. OANDA holds a 4.1/5 rating vs FP Markets's 3.8/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
OANDA offers spreads from 0.6 pips, while FP Markets starts at 0 pips. Check the fees section above for a full breakdown.
OANDA requires a minimum deposit of $0. FP Markets requires $100.
OANDA is regulated by FCA, CFTC, ASIC, MAS, while FP Markets holds licences from ASIC, CySEC.
OANDA supports MT4, Proprietary Web, Proprietary Mobile. FP Markets supports MT4, MT5, TradingView, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.