FP Markets vs OANDA: which broker is better in 2026?
We compare FP Markets and OANDA — two forex & CFD brokers — side by side across regulation, fees, platforms, minimum deposit, and our editorial scores. Based on our overall editorial score, OANDA edges ahead (4.0/5), but the right choice depends on what matters most to you — check the breakdown below.
Side-by-side comparison
CriteriaFP MarketsOANDA
Overall score 3.8 4.0
Regulation & safety 3.5 4.5
Fees & deposit 4.0 3.5
Platform & assets 4.0 4.0
User support 3.5 4.0
Trust score74/10083/100
Minimum depositVaries by account type — check the official siteVaries by account type — check the official site
Demo accountAvailableAvailable
PlatformsMetaTrader 4, MetaTrader 5, cTrader, IRESSProprietary web/desktop platform, MetaTrader 4, TradingView (integrated), Mobile app, API v20
Fee modelRaw spread + commission (Raw) or Standard; competitiveSpread model (Standard account) or core spread + commission (Core/Elite) — per-region details not yet verified with exact figures
Pros & cons
- ASIC/CySEC regulation + full platform selection (including IRESS for stocks)
- Competitive raw spreads
- Operating since 2005
- The global entity (St. Vincent) is less strict than ASIC/CySEC
- Mid-size brand, not a tier-1 giant
- Leverage is high-risk
- Very strong & rare regulation — licensed in the US (NFA/CFTC) plus FCA/ASIC/MAS/IIROC
- Respected reputation for price data & execution; strong trading API for automation
- Flexible platform choice: proprietary + MT4 + TradingView
- Not the cheapest for high volume compared to raw ECN brokers
- Product availability (e.g. crypto CFDs) differs per region/entity
- Leveraged products remain high-risk
Regulation at a glance
FP Markets
Australian (2005) — regulated by ASIC (Australia), CySEC (Cyprus), FSA (St. Vincent for the global entity).
OANDA
Operates multiple entities with strict oversight per region: NFA/CFTC (US), FCA (UK), ASIC (Australia), MAS (Singapore), IIROC (Canada). One of the few retail brokers licensed in the US market.