FP Markets vs OANDA 2026
By Akash · Facts re-checked (UTC)
Here is how FP Markets and OANDA compare on regulation, costs and platforms.
FP Markets is an Australian-founded CFD broker offering MT4, MT5, cTrader and TradingView with Standard and Raw accounts, operating through entities regulated by ASIC, CySEC, FSCA and the FSA Seychelles.
OANDA Europe Limited is authorised and regulated by the FCA (FRN 542574) and offers forex and CFDs on OANDA web and mobile, MT4, MT5 and TradingView.
76.6% of retail CFD accounts lose money with this provider.
Side by side
| FP Markets | OANDA | |
|---|---|---|
| Regulators | ASIC, CySEC, FSCA, FSA Seychelles | FCA |
| Minimum deposit | – | No minimum deposit (OANDA Europe Limited, UK) |
| Spreads from | from 0.0 pips (Raw) | 0.6 pips EUR/USD (UK) |
| Commission | US$3 per lot per side (Raw, MT4/MT5) | – |
| Max leverage | 1:500 (MT4/MT5/cTrader, non-EU/non-AU entity) | – |
| Platforms | OANDA webOANDA mobile | |
| Retail accounts losing money | – | 76.6% |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: FP Markets review · OANDA review.
Frequently asked questions
Are FP Markets and OANDA regulated?
FP Markets: ASIC, CySEC, FSCA, FSA Seychelles. OANDA: FCA.
Which has tighter spreads, FP Markets or OANDA?
Published spreads start from from 0.0 pips (Raw) at FP Markets and 0.6 pips EUR/USD (UK) at OANDA; commission: FP Markets US$3 per lot per side (Raw, MT4/MT5), OANDA none listed.
More FP Markets comparisons
More OANDA comparisons
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you can afford to take the high risk of losing your money. Read the full risk warning