Compare OANDA Vs FBS: Which is the Better Forex Broker in 2024?
OANDA Vs FBS, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between OANDA Vs FBS, here is the direct comparison:
Compare | OANDA | FBS |
General Rating |
3.11/5 |
3.64/5 |
Score | ||
Trustpilot |
3.6/5 544 users |
3.6/5 562 users |
πΌ Regulation | ||
β Info | ||
β Established | 1996 | 2009 |
π² Min Deposit | $0 | $5 |
β Max Leverage | 1:20 | 1:3000 |
π’ Spread | Fixed | Variable |
πΈ Commissions | -$50/Mil commission for Core pricing | from $0 |
π‘ Min Position | 0.00001 lot | 0.01 lot |
π³ Payment | Visa, Mastercard, ACH deposits, Bank transfer, Credit/debit cards, Wire transfer, Skrill and Neteller | Credit/debit cards, FasaPay, Local bank transfer, Neteller, Perfect Money, Skrill, UnionPay and Wire transfer |
π’ Office(s) |
𧩠Demo Account | ||
π Segregated Account | ||
π Islamic Account | ||
π¨βπ» PAMM Account | ||
π Managed Account |
π± Hedging | ||
πΊπΈ US traders | ||
π Swaps |
π Trading contests | ||
β‘ Automated trading | ||
π° Bonus offers | ||
π Free education |
1οΈβ£ One-click trading | ||
β± Trailing stop | ||
β³ Pending orders |
Forex | ||
CFD | ||
Indexes | ||
Spread Betting | ||
Gold & Silver | ||
Crypto | ||
Stocks | ||
Oil | ||
Metals | ||
Energies | ||
Futures | ||
ETF | ||
Options | ||
Agriculture | ||
Commodities | ||
Stock | ||
Indices | ||
Etf | ||
Bonds | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
Silver | ||
Index | ||
Physical Stock |
π£ Website Languages | English | Arabic, Bengali/Bangla, Burmese, Chinese, English, French, German, Indonesian, Italian, Japanese, Korean, Laothian, Malay, Portuguese, Spanish, Thai, Turkish, Urdu, Vietnamese |
πͺ Trade Now | Open OANDA | Open FBS |
Compare Again
Testimonials
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OANDA: Les risk
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OANDA: OANDA is the best broker I've ever know.
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OANDA: My EA doesn't work very well after some time. So...
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OANDA: My friend recommend me to trade with OANDA. But it...
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OANDA: I realize half on these commentaries are only half reliable....
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FBS: Still good
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FBS: Safety
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FBS: Almost caught breakout
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FBS: My new level of trading
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FBS: Conditions
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See More OANDA Testimonials
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See More FBS Testimonials
News
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FBS 15th Anniversary Bash: Your Chance to Win iPhone 15 Pro Max!
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FBS Sweeps Three Prestigious Nominations at the WBO Awards 2023
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FBS Launches Control Your Drive Campaign
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FBS Clinches Best Islamic Forex Account at Forex Expo Dubai 2023
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Rising Influencer Thai Trader Mait Becomes FBS Brand Ambassador
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FBS Builds Collaboration to Offer Accessible STEM Education in Africa
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Barcelona Striker Robert Lewandowski Becomes OANDA Brand Ambassador
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Putting Clients as Top Priority, FBS Launches #TradersKnowBetter Campaign
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FBS to Hold Free Webinars for Traders with a Wide Range of Skills
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See More Related OANDA News
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See More Related FBS News
Article
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Guide to Trade with Cent Account on FBS Broker
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How to Verify Account on FBS in 2024
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FBS Recap in 2023: A Performance Review
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Unveiling FBS Features for News Trading
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FBS Mobile App Review: Is It a Good Choice for Traders?
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Amplify Your Trading Profit with FBS 100% Bonus
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Begin Your Trading Journey with FBS $100 Quick Start Bonus
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Guide to Choose the Best OANDA Platform
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Standard Account Comparison: IC Markets or OANDA?
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See More Related OANDA Article
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- Comparison List
Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, OANDA provides their pricing with Fixed spread while FBS offers Variable spread.
OANDA vs FBS: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, OANDA enables trading with FxTrade App, MetaTrader 5, Oanda Platform, MetaTrader 4. The offer is supported with . In comparison, FBS provides trading with MetaTrader 4 (Limited with 45 days of inactivity), MetaTrader 5, Web with the support of One-click trading, Trailing stop, Pending orders.
Is OANDA or FBS better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, OANDA supports trading with Forex, Gold & silver, CFD, Crypto, Stock, Indices, Commodities, etf, while FBS presents the ability of trading with Forex, Gold & silver, CFD, Indices, Oil, Stock.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
Looking for more references? Here are other comparisons related to OANDA and FBS:
- Compare OANDA vs FXTM
- Compare OANDA vs Pepperstone
- Compare OANDA vs IC Markets
- Compare FBS vs Admirals
- Compare FBS vs Vantage Markets
- Compare FBS vs InstaForex
For more comparisons, visit this page.