FP Markets vs OANDA
A side-by-side comparison built from each broker's own published record — licenses checked against official registers, terms quoted from their own pages, with the source linked on every claim.
| Regulation | ASIC · FSA Seychelles · FSCA · FSC Mauritius · CySEC | CFTC / NFA · FCA · ASIC · MAS · CIRO · Kanto Local Financial Bureau · BVI Financial Services Commission · KNF |
| License no. | ASIC AFSL 286354 (First Prudential Markets Pty Ltd, ABN 16 112 600 281) FSA Seychelles SD130 (First Prudential Markets Limited) FSCA FSP 50926 (FP Markets (Pty) Ltd) FSC Mauritius GB21026264 (FP Markets Ltd) CySEC 371/18 (First Prudential Markets Ltd, reg. HE 372179) | CFTC / NFA NFA No. 0325821 FCA No. 542574 ASIC AFSL No. 412981 (ABN 26 152 088 349) MAS Capital Markets Services Licence (licence number not printed; Co. Reg. No 200704926K) CIRO not printed on site (CIRO member; CIPF-protected) Kanto Local Financial Bureau Kinsho Registration No. 2137 BVI Financial Services Commission SIBA/L/20/1130 (company no. 2026433) KNF authorization of April 26, 2004 (KPWiG-4021-54-1/2004) |
| Founded | 2005 | 1996 |
| Minimum deposit | $100 | $0 |
| EUR/USD spread from | 0.0 pips (Raw account, MT4/MT5/cTrader; commission US$3 per 100k lot each way); 1.0 pips (Standard account, zero commission) | EUR/USD from 1.0 pip (spread-only Standard account) or 0.1 pip + commission (Core pricing) — OANDA Global Markets (BVI), https://www.oanda.com/bvi-en/cfds/our-pricing/ |
| Leverage | Multiple: Up to 1:500 on Standard and Raw accounts, from 1:1 depending on instrument | FCA (UK): Retail 30:1 major forex (3.33% margin); 20:1 non-major forex and gold (5.00% margin) BVI: 200:1 |
| Gulf Payments | AED account | |
| Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView, WebTrader, Iress, FP Markets mobile app | OANDA Trade web/desktop portal, OANDA Mobile app (fxTrade), MetaTrader 5, TradingView |
| Broker-published claim | Enjoy Skrill and Neteller withdrawals in one business day. [Source] | Credit/debit cards: one to three business days; Skrill and Neteller: within one business day; bank or wire transfer: within two to five business days (financial institution may take additional time). [Source] |
| Withdrawal methods | Bank wire (domestic and international), Credit/debit card (Visa, Mastercard), E-wallets (Skrill, Neteller), Crypto wallets | Visa/Mastercard credit and debit cards, Bank/wire transfer (incl. Wise), Skrill, Neteller, Local alternative payment methods (deposit only; withdrawn back via bank transfer) |
| Crypto deposits/withdrawals | Yes | No |
| Islamic Accounts | Yes | Yes |
| Measured by us | Testing in progress | Testing in progress |
| Accepts clients from | Australia, Hong Kong, Singapore, China, Thailand, Mexico, Taiwan, United Arab Emirates, Germany, India, Saudi Arabia, Malaysia, Turkey, Kenya, Colombia, Italy, Vietnam, Chile, Peru, Indonesia, Argentina, Qatar, Kuwait, Oman, Bahrain | Australia, Hong Kong, United Kingdom, Singapore, Thailand, Mexico, Taiwan, United Arab Emirates, Germany, Malaysia, Colombia, Italy, Vietnam, Chile, Indonesia |
| Open account | Open account |
We do not name a winner here. The two records sit side by side because the right answer depends on where you live, what you trade, and which entity would onboard you — all of which the table shows.
By Country
- FP Markets + OANDA: Australia, Hong Kong, Singapore, Thailand, Mexico, Taiwan, United Arab Emirates, Germany, Malaysia, Colombia, Italy, Vietnam, Chile, Indonesia
- FP Markets Yes / OANDA No: China, India, Saudi Arabia, Turkey, Kenya, Peru, Argentina, Qatar, Kuwait, Oman, Bahrain
- OANDA Yes / FP Markets No: United Kingdom
Is FP Markets or OANDA better?
Neither is better in the abstract. Compare the rows that apply to you: whether each broker accepts clients from your country, which entity and regulator you would be onboarded under, the minimum deposit, and how withdrawals work on the rail you would actually use.
Which is safer, FP Markets or OANDA?
Safety follows the entity that holds your money, not the brand. Both records list every regulator and license number each broker publishes — check which entity serves your country, then verify that license on the regulator's own register.