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InvestinGoal » FxPro vs Oanda: Comparison and Analysis

FxPro vs Oanda: Comparison and Analysis

Written by Filippo Ucchino Publication Date Last Updated
Our verdict · CFD trading

FxPro and Oanda are two great brokers in the UK for scalping and automated trading. However, FxPro is the better choice if you are looking for cTrader, a guaranteed stop loss and execution in 13 ms, and it holds the account in 7 base currencies against 1. Oanda is better because it has a lower EUR/USD cost (4.75 USD per lot against 11.70 USD) and asks for no minimum deposit, where FxPro asks for 100.00 USD. Oanda offers a proprietary trading platform and adds futures to its CFD markets. Oanda and FxPro are both regulated in the UK by the FCA. Both brokers offer a demo account that does not expire, open raw spread accounts and allow scalping, hedging, expert advisors, VPS hosting and API access.

FxPro

CFDCFD This broker offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD to rate it on that. Regulated in your country FxPro holds a licence from the regulator of the country this site is for, so local investor protections apply.
FxPro review ›
84CFDOverall score InvestinGoal score from 0 to 100, calculated from the data in this comparison across 12 areas (regulation, safety, costs, platforms and more). CFD and stock trading are scored separately: the number follows the side selected above.
Open Account

72.87% of retail investor accounts lose money when trading CFDs with this provider.

Oanda

CFDCFD This broker offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD to rate it on that. Regulated in your country Oanda holds a licence from the regulator of the country this site is for, so local investor protections apply.
Oanda review ›
82CFDOverall score InvestinGoal score from 0 to 100, calculated from the data in this comparison across 12 areas (regulation, safety, costs, platforms and more). CFD and stock trading are scored separately: the number follows the side selected above.
Open Account

76.6% of retail investor accounts lose money when trading CFDs with this provider.

Best for

What we compare A comparison of the kinds of traders FxPro and Oanda are best suited to, based on what each one actually offers in United Kingdom.
1 / 12

FxPro is better than Oanda for high-volume traders, while Oanda is better for futures traders. Both are a good fit for professional traders, scalpers and swing traders.

Best for
Overall score FxPro 84 Oanda 82 -2
Day trading i
Long-term investing i
Professional traders i
High-volume traders i
Scalpers i
Swing traders i
News traders i
Algo traders i
Stock traders i
Crypto traders i
Futures traders i
Options traders i

Regulation

What we compare A comparison between the financial authorities that supervise FxPro and the ones that supervise Oanda.
2 / 12

FxPro and Oanda are both regulated in the UK, by the FCA.

Regulation
Section score FxPro 100 Oanda 100
Tier-1 regulators
ESMA (European Union) i
FCA (United Kingdom) i
ASIC (Australia) i
CFTC (United States) i
NFA (United States) i
SEC (United States) i
CIRO (Canada) i
MAS (Singapore) i
SFC (Hong Kong) i
JFSA (Japan) i
FINMA (Switzerland) i
Tier-2 regulators
FMA (New Zealand) i
CBR (Russia) i
FSCA (South Africa) i
DFSA (Dubai) i
CSRC (China) i
ISA (Israel) i
LFSA (Malaysia) i
JSC (Jordan) i
CMA (Kenya) i
Tier-3 regulators
FSA (Seychelles) i
MMA (Maldives) i
SCB (Bahamas) i
FSC (Mauritius) i
VFSC (Vanuatu) i
FSC (Belize) i
CIMA (Cayman Islands) i
SV FSA (Saint Vincent and the Grenadines) i
FSRC (St. Kitts & Nevis) i
BMA (Bermuda) i
BVI FSC (British Virgin Islands) i
EDR (External Dispute Resolution) i

Safety

What we compare A comparison of the tools and services that FxPro and Oanda have in place to protect your money in United Kingdom.
3 / 12

FxPro and Oanda both offer segregated client funds and an investor compensation scheme. FxPro also offers additional money insurance.

Safety
Section score FxPro 87 Best Oanda 79 -8
Company info
Is it publicly traded i
Is it a bank i
Year founded i 2006 1996
Parent company i FxPro Group Limited OANDA Group
CEO i Charalambos Psimolophitis Gavin Bambury
Money safety
Segregated client funds i
Two-factor authentication i
Investor compensation scheme i
Additional money insurance i
Partner bank i Barclays, Julius Baer, Royal Bank of Scotland N/A
Brand power
Number of customers worldwide i 2,180,000
Annual revenue i USD 900,000 USD 16,900,000
Monthly website search traffic i 323.9K monthly visits

Costs

What we compare A comparison of what it costs to trade with FxPro and with Oanda in United Kingdom, both on each trade and on holding the account.
4 / 12

Oanda is better than FxPro for costs, since Oanda is cheaper on EUR/USD, at 4.75 USD per lot (against FxPro's 11.7 USD), and has tighter S&P 500 CFD spreads, at 0.49 points (against FxPro's 0.85 points). Neither FxPro nor Oanda charges account maintenance fees or deposit fees.

Costs
Section score FxPro 49 -26 Oanda 75 Best
Broker fees
Deposit fees i
Withdrawal fees i
Overnight fees i
Inactivity fees i
Currency conversion fees i
Discounts on volume i
Real time market data fee i
Dividend withholding i
Account opening fees i
Account maintenance fee i
Portfolio management fee i
Fees on CFDs
Forex commission per lot i USD 7 Free
EUR/USD average standard spread i
1.43 pips
0.85 pips
EUR/USD average raw spread i
0.21 pips
0.1 pips
EUR/USD average fixed spread i
EUR/USD total cost per lot i USD 11.7 USD 4.75
S&P 500 fees (CFD) i 0.85 points 0.49 points
Gold fees (CFD) i 0.34 points 0.57 points
Bitcoin fees (CFD) i
US stocks fees (CFD) i Free USD 0.06
Fees on stocks
Stock fee type i Spread Percentage
US stocks fees (real) i
ETF fees (real) i
Management costs i
Connection costs i
Fees on futures
Futures fees per contract i
Platform fees i
Fees on options
Options fees per contract i
Event fees i
Fees on savings plans
IRA opening fee i
IRA maintenance fee i
401k opening fee i
401k maintenance fee i

Available markets

What we compare A comparison of the markets and products you can trade with FxPro and with Oanda in United Kingdom, and of how many instruments each one gives access to.
5 / 12

Oanda is better than FxPro for available markets, because Oanda offers futures on crypto and forex, which FxPro does not. Both FxPro and Oanda offer CFDs on commodities, crypto, forex, indices and stocks.

Available markets
Section score FxPro 75 -25 Oanda 100 Best
Total tradable symbols i 2,100 1,500
Currency pairs i
Indices i
Commodities i
Stocks i
ETF i
Cryptocurrencies i
Bonds i
Interest rates i
Portfolios i
CFDs i Commodities, Crypto, Forex, Indices, Stocks Commodities, Crypto, Forex, Indices, Stocks
Futures i Crypto, Forex
Options i
Assets you can own i

Platform

What we compare A comparison of the trading platforms that FxPro and Oanda make available to their clients in United Kingdom.
6 / 12

Oanda is better than FxPro for platforms, since Oanda offers a proprietary platform and AutoChartist, which FxPro does not. FxPro and Oanda both offer MetaTrader 5 and MetaTrader 4.

Platform
Section score FxPro 80 -11 Oanda 91 Best
Proprietary platform i
MetaTrader 4 i
MetaTrader 5 i
cTrader i
Social trading platform i
Copy trading platform i
ZuluTrade i
TradingView i
Duplitrade i
Mirror Trader i
NinjaTrader i
AutoChartist i
Real time pricing i
5 digit pricing i
One-click trading i

Mobile

What we compare A comparison of the mobile apps of FxPro and Oanda in United Kingdom, and of what each one lets you do from your phone.
7 / 12

FxPro is better than Oanda for mobile trading, since FxPro offers the cTrader app, a social trading app and a copy trading app, which Oanda does not. FxPro and Oanda both offer a proprietary mobile app and the MetaTrader 5 app.

Mobile
Section score FxPro 100 Best Oanda 86 -14
Proprietary app i
Social trading app i
Copy trading app i
MetaTrader 4 app i
MetaTrader 5 app i
cTrader app i
Mobile trading signals i
Mobile alerts i
Mobile charting tools i
Mobile drawing tools i
Mobile watchlist i
Smartwatch app i

Trading features

What we compare A comparison of the trading tools and strategies that FxPro and Oanda allow on their platforms in United Kingdom.
8 / 12

FxPro is better than Oanda for trading features, because FxPro offers guaranteed stop losses, which Oanda does not, and allows for high-frequency trading. Both FxPro and Oanda offer negative balance protection and trailing stops.

Trading features
Section score FxPro 93 Best Oanda 83 -10
Trade execution
Broker type i NDD Agency
Average execution time i 13 ms
Slippage occurrence i 9%
Requotes occurrence i 0%
Tier-1 liquidity providers i
PFOF i
Leverage
Major FX pairs leverage i 30:1 30:1
Minor/Exotic FX pairs leverage i 20:1 20:1
Major indices leverage i 20:1 20:1
Minor indices leverage i 10:1 10:1
Gold leverage i 20:1 20:1
Commodities leverage i 10:1 10:1
Equities leverage i 5:1 5:1
Cryptocurrency leverage i
Risk management
Stop losses i
Take profits i
Limit orders i
Trailing stop i
Margin call i
OCO orders i
Guaranteed stop loss i
Negative balance protection i
Minimum trade size (FX) i 0.01 lots 0.01 lots
Minimum trade size (stocks) i USD 0 USD 0
Fractional stocks i
Trading compliance
Scalping strategies allowed i
Hedging strategies allowed i
Automated trading strategy allowed i
EAs use allowed i
HFT strategy allowed i
VPS use allowed i
API use allowed i
Price scraping allowed i
FIFO rule applies i

Account types

What we compare A comparison of the kinds of account you can open at FxPro and at Oanda in United Kingdom, and of who each one is meant for.
9 / 12

FxPro is better than Oanda for account types, since FxPro offers a managed account, an ECN account and an Islamic account, which Oanda does not. Both FxPro and Oanda offer a demo account and a professional traders account.

Account types
Section score FxPro 84 Best Oanda 53 -31
Demo account i
Unlimited demo account i
Standard account i
Micro account i
Cent account i
Nano account i
Raw spread account i
ECN account i
Swap-free account i
Islamic account i
Professional traders account i
Fixed spread account i
Spread betting account i
Copy trading account i
Corporate account i
Managed account i
Stock investing account i
Margin investing account i
Savings account i
Retirement account i

Account opening

What we compare A comparison of what it takes to open and fund an account with FxPro and with Oanda in United Kingdom.
10 / 12

FxPro is better than Oanda for account opening, as FxPro offers 7 account base currencies (against Oanda's 1), credits deposits faster, within 1 day (against Oanda's 2 days), and pays out withdrawals faster, within 1 day (against Oanda's 2 days). That said, Oanda asks for no minimum deposit at all (against FxPro's 100 USD).

Account opening
Section score FxPro 72 Best Oanda 65 -7
Minimum deposit i USD 100 USD 0
Minimum withdrawal i USD 0 USD 0
Wire transfers i
Credit cards i
Debit cards i
eWallets i
Local payment methods i
Account base currencies i AUD, CHF, EUR, GBP, JPY, PLN, USD USD
Deposit waiting time i up to 1 business days up to 2 business days
Withdrawal waiting time i up to 1 business days up to 2 business days
Bonus program i

Customer care

What we compare A comparison of the customer support of FxPro and Oanda in United Kingdom, in how it can be reached and how fast it answers.
11 / 12

FxPro is better than Oanda for customer care, because FxPro offers customer support in 18 languages (against Oanda's 5), has a website in 24 languages (against Oanda's 7), and offers a dedicated account manager, which Oanda does not. FxPro and Oanda both offer phone support and live chat.

Customer care
Section score FxPro 91 Best Oanda 46 -45
Number of languages supported i 24 7
Website languages i Arabic, Czech, Danish, German, English, Estonian, Finnish, French, Croatian, Hungarian, Indonesian, Italian, Korean, Lithuanian, Malay, Norwegian, Polish, Portuguese, Russian, Spanish, Swedish, Urdu, Vietnamese, Chinese German, English, French, Italian, Russian, Spanish, Chinese
Website available in English i
Customer support languages i Arabic, Czech, German, English, French, Hungarian, Indonesian, Italian, Korean, Malay, Polish, Portuguese, Russian, Spanish, Thai, Urdu, Vietnamese, Chinese German, English, Russian, Spanish, Chinese
Customer support in English i
Call back request i
Email support i
Phone support i
Live chat i
Priority customer support i
Dedicated account manager i
Cash sweep i
Stock lending i
Distributes proceeds i
Tax withholding agent i
Tax assistance i

Learning

What we compare A comparison of the educational material that FxPro and Oanda provide to their clients in United Kingdom.
12 / 12

FxPro is better than Oanda for learning, since FxPro offers professional reports and daily market commentary, which Oanda does not. Both FxPro and Oanda offer education for advanced traders and education for beginners.

Learning
Section score FxPro 83 Best Oanda 80 -3
Education
Education center i
Education for beginners i
Education for advanced traders i
Webinars i
Tutorials i
Glossary i
Research
Economic calendar i
Traders' sentiment i
Daily market commentary i
Daily trading ideas i
News via social media i
Professional reports i
Watchlist i
FxPro
Open Account 72.87% of retail investor accounts lose money when trading CFDs with this provider.
Oanda
Open Account 76.6% of retail investor accounts lose money when trading CFDs with this provider.
Our verdict

FxPro vs Oanda: which one should you choose?

FxPro

CFD Choose FxPro if you want a CFD broker with cTrader, fast execution and a guaranteed stop loss.

Open Account 72.87% of retail investor accounts lose money when trading CFDs with this provider.
Oanda

CFD Choose Oanda if you want a forex brokerage service with low trading costs, no minimum deposit and a proprietary trading platform.

Open Account 76.6% of retail investor accounts lose money when trading CFDs with this provider.

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