Quick Comparison
| Feature | FP Markets | OANDA |
|---|---|---|
| Rating | ⭐ 4.5/5 | ⭐ 4.6/5 |
| Spreads | From 0.1 pips | From 0.1 pips |
| Regulation | ASIC, CySEC, FSCA | CFTC, NFA, FCA, ASIC |
| Min. Deposit | $100 | $0 |
| Platforms | MetaTrader 4, MetaTrader 5, cTrader, IRESS | OANDA Platform, MetaTrader 4, TradingView |
Detailed Analysis
FP Markets and OANDA are both reviewed on PipsPal with verified data. This side-by-side looks at how they compare across the four factors that actually affect trading outcomes: spreads and trading costs, regulation and safety, platform choice, and minimum deposit requirements.
Spreads & Trading Costs
FP Markets offers From 0.1 pips, while OANDA offers From 0.1 pips. Both use standard-account pricing with costs built into the spread rather than separate commissions. Direct spread comparison on EUR/USD during liquid sessions is the cleanest like-for-like measure — the numbers above reflect typical conditions, not minimum advertised. During news releases or low-liquidity periods, spreads widen on both, and the relative difference may narrow or flip.
Regulation & Safety
FP Markets is regulated by ASIC, CySEC, FSCA. OANDA holds licences under CFTC, NFA, FCA, ASIC. OANDA's regulatory footprint is noticeably broader, which matters most for traders who want jurisdictional optionality or are based in regions where one of these regulators operates directly. Broader tier-1 coverage typically means stronger compensation schemes, more rigorous capital requirements, and more established complaint resolution pathways.
Trading Platforms
FP Markets supports MetaTrader 4, MetaTrader 5, cTrader, IRESS. OANDA supports OANDA Platform, MetaTrader 4, TradingView. Both support MetaTrader, but only OANDA integrates TradingView for direct-from-chart execution. For traders who already use TradingView as their primary analysis environment, this integration saves the multi-window workflow of analysing on TradingView and executing on MT. If you don't use TradingView, this difference doesn't matter.
Minimum Deposit
FP Markets requires a $100 minimum deposit, while OANDA requires $0. The minimum deposit difference is small enough that it shouldn't drive your choice. Focus on the other factors — regulation, platform, execution quality, and spreads — when deciding which broker to open with. The minimum deposit only matters if you're deliberately testing with a small amount, in which case pick the one with the lower threshold.
Our Verdict
The Bottom Line
OANDA has clear advantages in broader tier-1 regulatory coverage, TradingView integration, with FP Markets matching or nearly matching on other factors. For most trader profiles, OANDA looks like the stronger choice — but verify that the specific features matter to your trading style before switching.
Read Full Reviews
FP Markets
Full in-depth review with detailed analysis of features, fees, and trading conditions.
Read FP Markets Review →OANDA
Complete review covering regulation, platforms, costs, and our expert verdict.
Read OANDA Review →Not Sure Which Broker Is Right for You?
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