OA
OANDA
8.6
30+ years of experience with transparent pricing and fractional pip spreads.
Winner: FP Markets
VSFP
FP Markets
9.1
Award-winning Australian broker offering DMA forex trading.
Quick Verdict
OANDA and FP Markets are both top-tier forex brokers, but they cater to slightly different audiences.OANDA excels in platform variety and educational resources, while FP Markets stands out for its competitive fee structure. For scalpers and algo traders, FP Markets is the better choice. For traders who value platform flexibility, OANDA has the edge.
Full Comparison
| Feature | OANDA | FP Markets |
|---|---|---|
| Min Deposit | $0 | $100 |
| Max Leverage | 1:50 | 1:500 |
| Spread From | 0.1 pips | 0.0 pips |
| Platforms | MT4, MT5, OANDA Trade | MT4, MT5, IRESS |
| Regulators | CFTC, NFA, FCA, ASIC | ASIC, CySEC |
| Account Types | Standard, Core Pricing | Standard, Raw |
| Founded | 1996 | 2005 |
| Headquarters | New York, USA | Sydney, Australia |
| Overall Rating | 8.6 | 9.1 |
Score Breakdown
Fees
A8.4
B9.2
Platforms
Regulation
Support
Education
Execution
OANDA FP Markets
When to choose OANDA
- No minimum deposit
- US-regulated (CFTC/NFA)
- Excellent proprietary platform
When to choose FP Markets
- 15+ years industry experience
- DMA pricing
- Free VPS for active traders