FP Markets vs OANDA
Side-by-side comparison of regulation, trading costs, platforms, and account types for FP Markets and OANDA.
FP MarketsTrust 8.9/10
ASIC
CySEC
FSCA
Long-established AU broker since 2005. Raw account is among the cheapest in the industry. Strong execution and Iress platform for share CFDs.
OANDATrust 9.0/10
ASIC
FCA
CFTC-NFA
IIROC
One of the most trusted forex brokers worldwide. Founded 1996, regulated by 6+ tier-1 authorities including US CFTC. No minimum deposit, transparent pricing, deep institutional liquidity.
Quick verdict
- Trust: OANDA has the higher trust score.
- EUR/USD spread: FP Markets is tighter on EUR/USD.
Side-by-side comparison
| Feature | FP Markets | OANDA |
|---|---|---|
| Trust score | 8.9 | 9.0 |
| Regulators | ASIC, CySEC, FSCA | ASIC, FCA, CFTC-NFA, IIROC, MAS, FSA-Japan |
| Headquarters | — | — |
| Founded | — | — |
| Min deposit | $100 | $0.00 |
| Max leverage | 1:500 | 1:200 |
| EUR/USD spread | 0.10 pips | 0.30 pips |
| Commission per lot | $6 | $0.00 |
| Raw spread account | ||
| Standard account | ||
| Swap-free account | ||
| cTrader | ||
| MT4 | ||
| MT5 | ||
| TradingView | ||
| Scalping allowed | ||
| EAs / algo allowed | ||
| Hedging allowed | ||
| Copy trading | ||
| Deposit methods | — | — |
| Withdrawal methods | — | — |
| Withdrawal speed | — | — |
| Base currencies | — | — |
FP Markets is best for
Cost-conscious traders
Stock CFD traders
AU residents
OANDA is best for
Beginners
US traders
API/algo developers
Long-term traders