Oanda
FxPro
Oanda vs FxPro
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
Oanda and FxPro are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. Oanda, founded in 1996 and headquartered in New York, USA, is regulated by FCA, ASIC, MAS and offers spreads starting from 1.0 pips with a minimum deposit of $0. FxPro, established in 2006 in London, UK, holds licenses from CySEC, FCA, FSCA with spreads from 0.0 pips and a $100 minimum deposit. In our hands-on testing across 8 scoring categories, Oanda scored 8.4/10 overall compared to FxPro's 8.4/10, making it the stronger pick for most traders. That said, FxPro holds its own with lower trading costs and better trading platforms, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
Oanda scores 8.4/10 overall vs 8.4/10 for FxPro — 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.
- 🖥️
Oanda runs on fxTrade, MT4, TradingView, while FxPro uses MT4, MT5, cTrader, FxPro Edge — 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
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
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 takes the lead with an overall score of 8.4/10 compared to 8.4/10, winning in 2 out of 8 scoring categories. Oanda stands out for stronger regulation and more research tools, while FxPro fights back with lower trading costs and better trading platforms.
Detailed Verdict
After testing both brokers with real accounts, Oanda comes out ahead with a 8.4/10 overall rating, winning 2 out of 8 categories. Its strongest area is Regulation & Trust where it scores 9.5/10. Oanda holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. FxPro is not without merit — it scores 8.4/10 overall and excels in Platforms & Tools (9.0/10), winning 3 categories. Traders who value lower trading costs or better trading platforms may find FxPro the better fit. For a complete breakdown, read our full Oanda review and FxPro 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 | $0 ✓ | $100 |
| Max Leverage | 1:200 | 1:500 |
| Spreads From | 1.0 pips | 0.0 pips |
| Platforms | fxTrade, MT4, TradingView | MT4, MT5, cTrader, FxPro Edge |
| Regulation | FCA, ASIC, MAS | CySEC, FCA, FSCA |
| Founded Older track record highlighted | 1996 ✓ | 2006 |
| Markets | 120+ | 2,100+ ✓ |
Fees & Costs
When it comes to trading costs, FxPro has the edge with a score of 8/10 versus 7.5/10 for Oanda. Oanda offers spreads starting from 1.0 pips, while FxPro starts from 0.0 pips. The minimum deposit at Oanda is $0, compared to $100 at FxPro. 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. Oanda provides fxTrade, MT4, TradingView, while FxPro offers MT4, MT5, cTrader, FxPro Edge. 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. Oanda is regulated by FCA, ASIC, MAS (Tier 1), while FxPro holds licenses from CySEC, FCA, FSCA (Tier 1). Oanda scores 9.5/10 and FxPro scores 9/10 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, Oanda 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. Oanda and FxPro 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
Oanda offers 24/5 Live Chat, Email, Phone and scores 8/10, while FxPro 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
Oanda scores 8/10 for deposits and withdrawals, while FxPro scores 8/10. Oanda accepts Bank Transfer, Credit Card, PayPal, and FxPro supports Bank Transfer, Credit Card, PayPal, Skrill, Neteller. Processing times, fees, and available currencies vary. Oanda requires a minimum deposit of $0 versus $100 for FxPro. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
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)
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
🗳️ Which Broker Do You Prefer?
Cast your vote — see what other traders think
Frequently Asked Questions
Is Oanda better than FxPro?
Oanda scores higher overall (8.4/10 vs 8.4/10), winning 2 of 8 categories. However, FxPro is stronger in lower trading costs and better trading platforms. The best choice depends on what matters most to your trading style.
Which has lower fees, Oanda or FxPro?
FxPro scores higher for trading costs. Oanda offers spreads from 1.0 pips with a $0 minimum deposit, while FxPro starts from 0.0 pips with $100 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is Oanda safe to trade with?
Oanda is regulated by FCA, ASIC, MAS and scores 9.5/10 for regulation. FxPro is regulated by CySEC, FCA, FSCA with a score of 9/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, Oanda or FxPro?
FxPro scores 9/10 for platforms. Oanda offers fxTrade, MT4, TradingView, while FxPro provides MT4, MT5, cTrader, FxPro Edge. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for Oanda vs FxPro?
Oanda requires a minimum deposit of $0, while FxPro requires $100. 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.