FBSvs
OANDAForex Broker Comparison
Two well-known brokers contrast on safety, cost, and platform breadth. FBS delivers ultra-low deposits and high leverage, while OANDA emphasizes regulation and comprehensive platforms.
Our Verdict
OANDA winsClear Winner
OANDA edges FBS on editorial score, due to top-tier regulation and investor compensation; FBS lags in investor protection.
OANDA
4.6/5
FBS
3.9/5
Key Differences
- 1Top-tier regulation and investor compensation at OANDA vs offshore FBS
- 2FBS offers 550 instruments versus OANDA's 70
- 3OANDA provides a proprietary platform in addition to MT4/MT5
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
FBS offers tighter spreads from 0.00 pips vs 1.00 pips for OANDA, reducing trading costs.
Best for safety & regulation
Recommended
FBS vs OANDA: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 3.9/ 5 | 4.6/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.5 / 5 | 4.8 / 5▲ |
FBS vs OANDA Forex Broker Pros & Cons
Pros
Very low $1 minimum deposit on Cent accounts
MT4 and MT5 on all account types
Multiple account types including Cent, Zero Spread, and ECN
Widely available across Southeast Asia, MENA, and Africa
Client funds held in segregated accounts
FBS vs OANDA: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
FBS
criteria wins
4
OANDA
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | FBS | OANDA |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Fail | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Fail | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
FBS vs OANDA: Frequently Asked Questions
OANDA rates 4.6/5 versus 3.9/5 for FBS. OANDA edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
FBS starts from 0 pips, tighter than OANDA's 1 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
OANDA has no minimum deposit, while FBS requires at least $1. This makes OANDA more accessible for traders with limited starting capital.
OANDA holds top-tier regulation (FCA, ASIC, CBI), providing stronger investor protections. FBS may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
For beginners, two factors stand out: OANDA has no minimum deposit, removing the capital barrier entirely, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
FBS lists maximum leverage of 3000:1, while OANDA lists up to 50:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
FBS charges $20 per lot on commission-based accounts. Commission details for OANDA are not currently available. Check their website for up-to-date pricing.
FBS supports MetaTrader 5, MetaTrader 4, while OANDA supports MetaTrader 5, Proprietary Web/Mobile, TradingView, MetaTrader 4. Both provide MetaTrader 5 and MetaTrader 4. OANDA has exclusive access to Proprietary Web/Mobile and TradingView.
