Oanda Vs. FBS - Compare Trustworthiness, Capabilities, Fees and Legitimacy

Oanda is an international Forex broker founded in 1996 with headquarters in the United States. Oanda specialises exclusively in currency trading solutions for all trader levels. Their greatest selling points are their strong regulatory framework and robust proprietary platforms.

FBS is a global broker established in 2009 that specialises in currencies trading via MetaTrader 4 & 5 platforms along with their own proprietary mobile app.

• Forex traders of all levels (from beginner to advanced)

• New traders looking to trade via MT4 with really low starting amounts using their Cent or Micro accounts
• Experienced high volume traders looking for a fixed zero spread account

• CFTC (U.S)
• NFA (U.S)
• ASIC (Australia)
• FCA (UK)
• MAS (Singapore)
• IIROC (Canada)
• FFAJ (Japan)
• BVI (British Virgin Islands)

• IFSC (Belize)
• CySec (Cyprus)
• ASIC (Australia)
• FSCA (South Africa)

• High trustworthiness, regulated by the best regulators in the world
• Fast, simple and professional trading platforms
• Competitive spreads in their currency pairs

• Clear account offering that covers all levels of traders according to their net worth
• Proprietary copy trading service
• Access to high leverage (Up to 1:3000)

• Extremely limited offering of assets (104)
• No ability to purchase real stocks or cryptocurrencies, only CFDs

• Asset offering is extremely limited with over 100+ instruments
• Minimum deposit for ECN account is high $1,000

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• Valid identity document (Passport, ID Card, etc)
• Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

• Valid identity document (Passport, ID Card, etc)
• Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

• Visa
• Mastercard
• Bank Transfer
• Paypal

• Visa
• Mastercard
• Maestro
• Neteller
• Sticpay
• Skrill
• Perfect Money
• Bank Transfer (depending on location and entity)
• Bitcoin
• Ethereum
• USDT (Tether)

AF, AL, BS, BB, BW, BF, BI, KH, KY, CF, TD, CD, CG, CU, ER, ET, GH, IR, IQ, JM, KP, LY, MU, MN, MA, MM, NI, NG, PK, PS, PA, SN, SL, SO, SS, SD, SY, TT, TN, UG, VU, YE, ZW.

JP, US, CA, MY, IL, IR.

$10 after 1 year of inactivity.

Credit and Debit cards are free, when it comes to Bank transfer depends on the account's base currency (eg: the first withdrawal costs $, €, £ 20 and any subsequent ones 35). In the case of SGD, there are no fees.

FBS commissions vary per account type as follows:

• Cent account: none
• Micro account: none
• Standard account: none
• Zero spread account: From $20 per lot
• ECN account: From $6 per lot
• Crypto account: 0.05% for opening or closing positions