FxPro
Oanda
FxPro vs Oanda
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
FxPro and Oanda are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. FxPro, founded in 2006 and headquartered in London, UK, is regulated by CySEC, FCA, FSCA and offers spreads starting from 0.0 pips with a minimum deposit of $100. Oanda, established in 1996 in New York, USA, holds licenses from FCA, ASIC, MAS with spreads from 1.0 pips and a $0 minimum deposit. In our hands-on testing across 8 scoring categories, FxPro scored 8.4/10 overall compared to Oanda's 8.4/10, making it the stronger pick for most traders. That said, Oanda holds its own with stronger regulation and more research tools, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
FxPro scores 8.4/10 overall vs 8.4/10 for Oanda — a 0.0-point difference.
- 💵
Oanda requires just $0 to start, while FxPro needs $100 — Oanda is 100x more accessible.
- 📈
FxPro offers 2,100+ instruments vs 120+ at Oanda — a massive gap in market coverage.
- 🖥️
FxPro runs on MT4, MT5, cTrader, FxPro Edge, while Oanda uses fxTrade, MT4, TradingView — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Product Range: FxPro scores 8.5 vs 6.5 for Oanda — a 2.0-point difference.
Our Verdict
FxPro
Score: 8.4/10 · Wins 3 categories- You want lower spreads and trading fees
- You need advanced trading platforms and tools
- You want access to a wider range of instruments
Oanda
Score: 8.4/10 · Wins 2 categories- Top-tier regulation and fund safety are your priority
- You rely on in-depth research and analysis tools
- You prefer a low minimum deposit ($0)
FxPro takes the lead with an overall score of 8.4/10 compared to 8.4/10, winning in 3 out of 8 scoring categories. FxPro stands out for lower trading costs and better trading platforms, while Oanda fights back with stronger regulation and more research tools.
Detailed Verdict
After testing both brokers with real accounts, FxPro comes out ahead with a 8.4/10 overall rating, winning 3 out of 8 categories. Its strongest area is Platforms & Tools where it scores 9.0/10. FxPro holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. Oanda is not without merit — it scores 8.4/10 overall and excels in Regulation & Trust (9.5/10), winning 2 categories. Traders who value stronger regulation or more research tools may find Oanda the better fit. For a complete breakdown, read our full FxPro review and Oanda review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
FxPro wins by 0.5 points
FxPro wins by 1.0 points
Oanda wins by 0.5 points
Oanda wins by 1.0 points
FxPro wins by 2.0 points
Full Feature Comparison
| Feature | ||
|---|---|---|
| Overall Score | 8.4/10 ✓ | 8.4/10 ✓ |
| Min Deposit Lower is better | $100 | $0 ✓ |
| Max Leverage | 1:500 | 1:200 |
| Spreads From | 0.0 pips | 1.0 pips |
| Platforms | MT4, MT5, cTrader, FxPro Edge | fxTrade, MT4, TradingView |
| Regulation | CySEC, FCA, FSCA | FCA, ASIC, MAS |
| Founded Older track record highlighted | 2006 | 1996 ✓ |
| Markets | 2,100+ ✓ | 120+ |
Fees & Costs
When it comes to trading costs, FxPro has the edge with a score of 8/10 versus 7.5/10 for Oanda. FxPro offers spreads starting from 0.0 pips, while Oanda starts from 1.0 pips. The minimum deposit at FxPro is $100, compared to $0 at Oanda. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.
Trading Platforms
FxPro scores 9/10 for platforms compared to 8/10 for Oanda. FxPro provides MT4, MT5, cTrader, FxPro Edge, while Oanda offers fxTrade, MT4, TradingView. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.
Regulation & Safety
Regulation is crucial for fund safety. FxPro is regulated by CySEC, FCA, FSCA (Tier 1), while Oanda holds licenses from FCA, ASIC, MAS (Tier 1). FxPro scores 9/10 and Oanda scores 9.5/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.
Education & Research
For learning resources, FxPro leads with 7.5/10 compared to 7.5/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. FxPro and Oanda both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.
Customer Support
FxPro offers 24/5 Live Chat, Email, Phone and scores 8/10, while Oanda provides 24/5 Live Chat, Email, Phone with a score of 8/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.
Deposit & Withdrawal
FxPro scores 8/10 for deposits and withdrawals, while Oanda scores 8/10. FxPro accepts Bank Transfer, Credit Card, PayPal, Skrill, Neteller, and Oanda supports Bank Transfer, Credit Card, PayPal. Processing times, fees, and available currencies vary. FxPro requires a minimum deposit of $100 versus $0 for Oanda. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose FxPro if you...
- You want lower spreads and trading fees
- You need advanced trading platforms and tools
- You want access to a wider range of instruments
Choose Oanda if you...
- Top-tier regulation and fund safety are your priority
- You rely on in-depth research and analysis tools
- You prefer a low minimum deposit ($0)
🗳️ Which Broker Do You Prefer?
Cast your vote — see what other traders think
Frequently Asked Questions
Is FxPro better than Oanda?
FxPro scores higher overall (8.4/10 vs 8.4/10), winning 3 of 8 categories. However, Oanda is stronger in stronger regulation and more research tools. The best choice depends on what matters most to your trading style.
Which has lower fees, FxPro or Oanda?
FxPro scores higher for trading costs. FxPro offers spreads from 0.0 pips with a $100 minimum deposit, while Oanda starts from 1.0 pips with $0 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is FxPro safe to trade with?
FxPro is regulated by CySEC, FCA, FSCA and scores 9/10 for regulation. Oanda is regulated by FCA, ASIC, MAS with a score of 9.5/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, FxPro or Oanda?
FxPro scores 9/10 for platforms. FxPro offers MT4, MT5, cTrader, FxPro Edge, while Oanda provides fxTrade, MT4, TradingView. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for FxPro vs Oanda?
FxPro requires a minimum deposit of $100, while Oanda requires $0. Oanda has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.
Ready to Start Trading?
Open a free account with either broker and start trading today.