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FxPro vs Oanda: Comparison and Analysis

Trying to figure out whether to use FxPro or Oanda? This comparison article lays out the features of both brokers in detail, so you can see which is the best platform according to your needs.

We’ve compared more than 100 variables and features so you can see the pros and cons of FxPro and Oanda side by side. We’ve divided the comparisons into a logical structure so it’s easy to navigate.

Scroll the whole post below, or use the quick menu to jump to the relevant section.

Open Account
72.87% of retail investor accounts lose money
FxPro review
Open Account
CFDs are not available to residents in the United States
Oanda review

Overall Ratings


Rated
80
Rated
80

General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.

  • FxPro
  • Oanda

Security 95
Security 94

Cost 58
Cost 73

Trading 76
Trading 71

Education 83
Education 80

Company Info


Foundation
2006
1996
Is it Regulated?
Is it Publicly Traded?
Is it a Bank?
Segregated Clients Funds ?
No-ESMA Branches? ?
Accepts EU Clients?
Accepts US Clients?
Accepts Canadian Clients?
Website Languages
en, ar, chi(t/s), cro, cz, dan, de, es, est, fi, fr, hu, lit, nor, po, pol, ru, ko, ind, viet, mal, it, sw, ur
en, de, es, fr, ru, it, chi

Leverage


Non-EU Leverage ?
500:1
50:1
European Leverage ?
30:1
30:1
Australian Leverage ?
30:1
30:1
US Leverage ?
0
50:1
Canadian Leverage ?
0
50:1

Tier 1 Regulation


FSA ?
MAS ?
FINMA ?
FCA ?
CFTC ?
MIFID-ESMA ?
ASIC ?
IIROC ?
SFC ?

Tier 2 Regulation


FMA ?
CBR ?
FSCA ?
SEC ?
DFSA ?
CBRC ?
CySEC ?
ISA ?

Tier 3 Regulation


Offshore ?
MMA (Maldives) ?
EDR ?
FSA (Seychelles) ?
SCB (Bahamas) ?
FSC (Mauritius) ?
VFSC (Vanuatu) ?
IFSC (Belize) ?
CIMA (Cayman Islands) ?
SVG (Saint Vincent and the Grenadines) ?
FSRC (St. Kitts & Nevis) ?
BMA (Bermuda) ?
BVI (British Virgin Islands) ?

Brand Power


SimilarWeb - Website Ranking
3896000
10515
SimilarWeb - Total Visits
552472
8370000
Facebook Likes
725969
66508
Twitter Likes
13120000
18400
Instagram Likes
4120000
562

Deposit and Withdrawal


Minimum Deposit ?
100 USD
Minimum Withdraw ?
Credit Card ?
Bank Transfer ?
PayPal
Neteller
Skrill
Other Methods Available ?
UnionPay
Deposit Waiting Time ?
up to 10 minutes
1-2 business days
Withdraw Waiting Time ?
1 business day
1-2 business days
Bonus Program ?

Costs and Fees


Deposit Fees ?
Withdrawal Commissions ?
Overnight/Swap Fee ?
Inactivity Fee ?
Conversion Fee ?

Account Types


Demo Account ?
Demo Account Expiration ?
Account Currencies ?
AUD, EUR, GBP, USD, CHF, JPY, PLN
USD
Standard Account ?
Micro Account ?
Low-cost Account ?
Variable Spread Account ?
Fixed Spread Account ?
Zero Spread Account ?
ECN Account ?
Swap Free Account ?
Islamic Account ?
Professional Traders Account ?
Active Trader Program ?

Commodities


Crude Oil ?
6.18
3.0
Natural Gas ?
5.40
0.6
Silver ?
2.07
277.0
Platinum ?
1.50
833.4
Copper ?
Soybeans ?
1.37
1.0
Corn ?
0.96
2.0
Gold ?
20.31
205.6

Forex Fixed Spreads


EUR/GBP Spread
1.6
EUR/USD Spread
1.5
USD/JPY Spread
1.6
GBP/USD Spread
1.8
USD/CHF Spread
1.8
AUD/USD Spread
USD/CAD Spread
1.6
NZD/USD Spread

Forex Variable Spreads


EUR/USD Average Spread
0.45
0.1
USD/JPY Average Spread
0.53
0.2
USD/CHF Average Spread
0.85
0.2
GBP/USD Average Spread
1.02
0.2
USD/CAD Average Spread
0.88
0.2
AUD/USD Average Spread
0.87
0.2
NZD/USD Average Spread
1
0.2
EUR/GBP Average Spread
0.85
0.2

Fees on Stocks


Apple
0.62
Facebook
0.44
Alphabet
Snapchat
BP
Tesco
0.67
Barclays
1.50
Lloyds
0.20

Fees on Indices


FTSE100
1.22
0.8
S&P500
0.74
0.3
Dow Jones
3.24
Nasdaq
1.59
0.5
CAC40
1.62
1.2
DAX30
1.64
0.9
Nikkei 225
11.22
Euro Stoxx 50
1.87
0.9

Fees on Cryptocurrencies


Bitcoin
1
0
Ethereum
3.5
0
Ripple
0.02
0
Litecoin
0.9
0
Bitcoin Cash
50.0
0
Dash
0
0
Monero
0
0
Neo
0
0

Platforms


cTrader Desktop
cTrader Web
Mirror Trader
ZuluTrade ?
MT4 Dekstop
MT4 Web
MT5 Desktop
MT5 Web
Proprietary Desktop Platform
Proprietary Web Platform
MAC Platforms
Sirix

Mobile Trading


Android ?
iOS ?
Windows ?
Trading Signals on Mobile ?
Smart Watch App ?
Forex Trading ?
CFD Trading ?
Alerts ?
Chartings-Drawing Tools ?
Mobile Available Language ?
en, ar, cz, de, es, fr, hu, po, pol, rom, ru, sk, tur, ko, ind, viet, it, chi
en, de, es, fr, ru, ko, chi
Watchlist Mobile ?

Available Markets


Forex Pairs ?
75
55
Crypto ?
75
55
Commodities ?
17
31
Stocks ?
156
Indices ?
24
16
ETF ?
Futures ?
20
Options ?
Bonds ?
6
Metal ?
7
5
Agricultural ?
7
4
Energies ?
3
3
Interest Rates ?
Penny Stocks ?
IPO ?
Blends ?
Dow Jones ?
FTSE ?
Dax ?
Nikkei ?
Gold Market ?
Bitcoin ?
Real Assets ?

Trading Execution


Direct Market Access (DMA) ?
Straigh Through Processing (STP) ?
Electronic Communication Network (ECN) ?
Market Maker ?
Non Dealing Desk (NDD) ?
FIFO Applies? ?
4 Digits Decimal Pricing ?
5 Digits Decimal Pricing ?

Risk Management


Stop Losses ?
Take Profits ?
Limit Orders ?
Trailing Stop ?
Margin Call ?
OCO Orders ?
Guaranteed Stop Loss ?
Negative Balance Protection ?
Minimum Trade Size ?
variable
0.00001 lots
Maximum Trade Size ?
variable
100 lots

Special Trading Conditions


MAM ?
PAMM ?
Social Trading ?
Copy Trading ?
LAMM ?

Available Trading Techniques


Scalping ?
Hedging ?
Spread Betting ?
Expert Advisor (EA) ?
Virtual Private Server ?
API ?

Trading Tools


One-Click Trading ?
Signal Trading ?
Price Alerts ?
Number Chart Indicators ?
51
51
Number Chart Drawing Tools ?
31
31
Trade Directly From Chart ?
Watchlist ?

Education


Education Center ?
Webinars
Platform Tutorial Video ?
Video on Trading for Beginners ?
Video on Trading for Experts ?
Tutorial Guide
Glossary

Customer Support


Call Back Request ?
Email Support
Phone Support
Live Chat
Support Language Available
en, ar, cz, de, es, fr, hu, po, pol, ru, thai, ko, ind, viet, mal, it, ur, chi
en, de, es, ru, chi

Research


Professional Reports
Social Trading Features - Social Feeds ?
Economic Calendar
Daily Email With Trading Ideas
Analysis From Trading Central (Recognia)
Analysis From Delkos Research
AutoChartist
Traders Sentiment ?
News via Twitter
News via FaceBook
Daily Market Commentary

FxPro vs Oanda: A Comparison Summary

When it comes to selecting a broker, there are several factors to consider such as security, account opening, social-copy trading, markets, trading fees, platforms, and customer care. In this comparison summary, we will compare two popular brokers, FxPro and Oanda, based on these factors.

Security

Both FxPro and Oanda are regulated by multiple regulatory bodies, ensuring that their clients’ funds are safe and secure. FxPro has a security rating of 95, while Oanda has a security rating of 94.

Demo Account

FxPro offers a demo account with a duration of 180 days and virtual funds of $100,000. The demo account virtual funds can be restored directly from your FxPro Direct dashboard. On the other hand, Oanda offers an unlimited demo account with virtual funds of $100,000, and the virtual funds of the Oanda demo account can be restored by contacting customer support.

Account Opening

FxPro has a minimum deposit requirement of $100, and clients can choose from different account types, including MT4 account, MT5 account, cTrader account, Spread Betting account for UK traders, Islamic account, and VIP account for advanced traders. In contrast, Oanda has no minimum deposit requirement and offers different account types, including Standard account, Premium account, Core account, Spread Betting, and Professional account for advanced traders.

Social-Copy Trading

FxPro does not offer social nor copy trading features. In comparison, Oanda allows traders to engage in social trading through third-party platforms such as Tradingview. Moreover, traders can use the EAs on the MT4 and MT5 platform to engage in copy trading.

Markets

FxPro offers Forex, commodities, indices, crypto assets, and stocks. In contrast, Oanda offers Forex, commodities, indices, crypto assets, stocks, ETFs, and bonds. While FxPro only offers CFDs, Oanda offers every asset via CFD, making the broker an excellent choice for short-term investment. European traders can access real stocks as well.

Trading Fees

FxPro offers both variable and fixed spreads, with variable spreads starting from 0.1 pips on forex (lower than market average) and fixed spreads starting from 1.6 pips on forex (higher than market average). Oanda only offers variable spreads starting from 1.2 pips on forex (above the market average). Moreover, Oanda offers zero commission on EUR accounts, making it an attractive option for European traders.

Platforms

FxPro offers proprietary platforms such as FxPro EDGE via WebTrader and FxPro Mobile App, as well as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader available via WebTrader, Desktop, and Mobile. Oanda offers its proprietary platform, Oanda Trade Platform, available via desktop, web, and mobile, as well as MT4 and MT5 available via webtrader, desktop, and mobile in the European Union.

Education/Customer Care

FxPro provides limited educational material, including basic video tutorials and PDF guides for beginners, and very few resources for professionals. However, FxPro has easy-to-contact customer care available in over 30 languages. Oanda, on the other hand, provides a range of technical and fundamental analysis tutorials, webinars, and events, making it an attractive option for traders looking for more educational resources. Additionally, Oanda has easy-to-contact customer care available via phone, email, and live chat.

Conclusion

In conclusion, both FxPro and Oanda are reputable brokers with their own strengths and weaknesses. FxPro has a security rating of 95, offers a demo account with a duration of 180 days and lower variable spreads on forex, making it a good choice for short-term investors. However, it doesn’t offer social or copy trading features, and its educational resources are limited.

Better Informed
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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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