Oanda and FBS are Forex and CFD brokers offering online trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. Oanda is regulated by three tier-1, two tier-2, and two tier-4 jurisdictions, including the FCA, ASIC, CySEC, DFSA, CMA, and SCB. On the other hand, FBS is regulated by two tier-1 jurisdictions and one tier-4 jurisdictions, including ASIC, CySEC, and FSC ( in Belize). These two brokers offer almost similar services. However, each broker has its own strengths and weaknesses.
In this article, we will compare Oanda with FBS regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if Oanda is better than FBS and vice versa. This comparison lets you understand which broker is better for your trading style and preferences.
Oanda vs FBS: In a Nutshell
Oanda
Founded by Drs. Stumm and Olsen in the USA in 1996, Oanda is one of the oldest and most experienced forex brokers in the world. The broker expanded into Asia in 2007, opened its London office in 2011, and its Sydney office in 2014. On its platforms, you can trade over 3,000 forex pairs, CFDs, and even real stocks. The broker is regulated by top regulatory authorities including ASIC, CFTC, IIROC, FCA, PFSA, MAS in Singapore, FSA in Japan, and FSC in BVI. Oanda offers multiple trading platforms such as MT4, MT5, the fxTrade app, and TradingView. Oanda is also known for its currency transfer services as well as its MarketPlus trading analytics. To learn more, you can read our review on Oanda, where we cover features, pros, cons, and more
Oanda Overview
- Founded In: 1996
- Founder: Dr. Stumm (a computer scientist), and Dr. Olsen (an economist)
- Headquarters: New York, United States
- Trading Instruments: 100+ trading Instruments including forex, indices, shares, commodities, metals, cryptocurrencies, metals
- Minimum Deposit: No minimum Deposit is required. You may deposit as low as $1
- Maximum Leverage: 1:50 (US), 1:30 (EU), 1:200 (other regions)
- Regulations: ASIC, CFTC, IIROC, FCA, PFSA, MAS in Singapore, FSA in Japan, FSC in BVI
- Trading platform: MT4, MT5, fxTrade app, Tradingview
- Account Types: Standard, Elitetrader
- Trading Fees: Spreads starting from 0.6 pips (EUR/USD pair)
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, ACH Payments (echeck), BPAY, CHAPS, Check, DBS Bill Payment, Local Bank Deposits, Local Bank Transfers, Neteller, Payment Asia, PayNow, PayPal, SEPA Credit Transfer (SCT), Skrill
- US Traders: Accepted
FBS
Established in 2009, FBS is one of the leading forex and CFD brokers, offering online trading services worldwide. It is a global brand with headquarters in Belize and regional offices in Cyprus and the Marshall Islands. FBS provides opportunities for trading forex, stocks, metals, energies, and indices. It has about 17 million clients and over 60 prestigious awards for excellent services. FBS.eu offers low spreads and split-second executions without requotes. FBS is one of the highest leverage forex brokers, with leverage up to 1:3000 for its global clients. The broker’s spreads start from 0.7 pips. To know more, you can read our review on FBS.
FBS Overview
- Founded In: 2009
- Founder: Satthakarn Chuenkomol
- Headquarters: Belize City, Belize
- Minimum Deposit: $5
- Maximum Leverage: 1:3000
- Regulations: ASIC, FSC, CySEC
- Trading platform: MT4, MT5, Webtrader
- Account Types: Standard, Cent, Pro
- Payment Options: VISA, MasterCard, Local Exchangers, Neteller, PerfectMoney, Skrill, SticPay
- US Traders: Not Accepted
Oanda vs : FBS Features
Oanda:
- Trading Instruments: CFD trading is not allowed for US clients; however, non-US clients can trade CFDs
- Maximum leverage: The maximum leverage of Oanda is 1:200 (global), 1:50 (US), 1:30 (EU)
- Minimum Deposit: No Minimum Deposit.
- Account Types: Two (Standard, Elitetrader)
- Trading Fees: Spreads range from 0.1 to 0.6, and commissions range from 3.5 to 4 per lot (depending on account type).
- PAMM/ MAM:
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
FBS
- Trading Instruments: Forex, Stock, Indices, Crypto, Metals, Energies, Forex Exotic.
- Maximum leverage: 1:3000
- Minimum Deposit: $5
- Account Types: Three ( Standard, Cent, Pro)
- Trading Fees: Spread starting from 1 pip for Standard Account and Cent Account
- PAMM/ MAM: Not available
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
Oanda vs FBS: Pros and Cons
Oanda
- Regulated by the CySEC, FCA, CFTC, JFSA, IIROC, ASIC, MAS and FSC BVI
- Clients can trade over 1800 forex/CFDs and over 2000 real stocks.
- Platforms: MT4, MT5, and Oanda mobile apps on iOS and Android.
- Trading tools provided are MetaTrader premium tools, Autochartist, Market pulse analysis, etc.
- Customer support is provided in multiple languages and via different channels.
- Fast and user-friendly account opening
- The TradingView platform is available, alongside several VPS services for MT4 hosting.
- Bank withdrawals incur a fee which is transferred to the trader.
- Premium core accounts require a minimum balance of $20,000
- Inactivity fees are charged from dormant accounts.
- No account protection for U.S. clients
- No guaranteed stop-losses for U.S. or U.K. clients
- Traders in the U.S. cannot access single-stock CFDs
- No cent accounts, bonus programme for beginner traders
FBS
- Regulated by the CySEC, ASIC, FSCA South Africa, and FSC Belize.
- The Maximum Leverage is as high as 1:3000
- The Minimum deposit is $5
- Trading is on the MT4, MT5, and FBS trader platforms.
- There is an account type to suit newbies, experienced, and pro traders.
- Low spreads, high leverage, and fast order executions
- Easy and fast account opening
- Forex Guidebook, Forex Intensive, trading ideas, webinars, and other training resources are provided.
- Tradable assets are not much, especially when compared to other top brokers.
- Daily Market news and analysis on FBS.eu are not regularly updated.
- No premium trading tools to assist traders.
- No investor protection for non-EU Clients
- Managed Accounts & Social Trading is unavailable
- Few Account Base Currencies
Oanda vs FBS: Side-by-Side Comparison
Oanda Vs FBS: Our Scores and Ratings
We rated both brokers, Oanda and FBS, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.
Oanda :
FBS
Oanda vs FBS: Which One is better?
Now questions comes if Oanda is better than FBS or vice versa. The answer depends on traders’ trading styles and preferences. Both Oanda and FBS offer similar trading services worldwide. However, there are differences in their regulations, reputation, and operation. Here are the features and services of both brokers. By reviewing these options, you can clearly understand which broker is right for your trading goals.
Oanda :
- Top regulated forex broker accepting both US and non-US clients.
- The maximum leverage of Oanda is 1:200 (global), 1:50 (US), 1:30 (EU)
- Oanda offers a variety of trading tools and platforms, including MT4, MT5, Webtrader, TradingView, etc.
- Trading fees: Spreads range from 0.1 to 0.6, and commissions range from 3.5 to 4 per lot (depending on account type).
- CFD trading is not allowed for US clients; however, non-US clients can trade CFDs.
FBS:
- FBS is a Forex and CFD broker regulated by ASIC, CySEC, and FSC in Belize
- The minimum deposit is $5 (Global), €10 (or equivalent in $) for EU cent accounts, €100 (or equivalent in $) for EU Standard account
- Maximum leverage 1:3000 (Global), 1:30 (for EU retail clients), 1:500 (for professional accounts)
- Offers a variety of trading platforms including MT4, MT5, Webtrader, and FBS traders.
- The trading fee: Floating spread from 0.7 pips(global), and 1 pips for EU traders.
- FBS does not accept US clients.
Our score for Oanda is 8.8, and for FBS it is 8.8.
