OANDA
FxPesa
VS
Higher Rated
OANDA
Capital at risk · T&Cs apply
Choosing between OANDA and FxPesa depends on your trading style, preferred markets, and budget. OANDA is headquartered in New York, USA, while FxPesa operates from Nairobi, Kenya. OANDA has the longer track record, established in 1996, compared to FxPesa which was founded in 2019. 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
FxPesa
OANDA is the better choice overall, scoring 4.1/5 vs 3.3/5 on BrokerRank's independent rating. On fees, OANDA offers lower spreads (0.6 pips).
See full side-by-side comparison belowOverall Rating
OANDA
4.1 vs 3.3
Lowest Fees
Tied
0.6 vs 0.6 pips
Regulation
OANDA
4 vs 1 licences
Min. Deposit
OANDA
$0 vs $5
OANDA
WinnerFxPesa
OANDA
FxPesa
OANDA holds licences from FCA, CFTC, ASIC. FxPesa is regulated by CMA.
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. FxPesa adds Crypto.
On spreads, OANDA is more competitive with EUR/USD spreads from 0.6 pips, compared to 0.6 pips at FxPesa.
OANDA supports MT4, Proprietary Web, Proprietary Mobile. FxPesa offers MT5, Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
OANDA requires no minimum deposit, while FxPesa sets a minimum deposit of $5. This makes OANDA accessible to traders with any budget.
BrokerRank scores OANDA at 4.09/5 and FxPesa at 3.27/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. OANDA leads overall with a clear advantage.
OANDA scores higher overall on our independent rating system. OANDA holds a 4.1/5 rating vs FxPesa's 3.3/5. 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 FxPesa starts at 0.6 pips. Check the fees section above for a full breakdown.
OANDA requires a minimum deposit of $0. FxPesa requires $5.
OANDA is regulated by FCA, CFTC, ASIC, MAS, while FxPesa holds licences from CMA.
OANDA supports MT4, Proprietary Web, Proprietary Mobile. FxPesa supports MT5, Proprietary Web, 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.