FP Markets vs Oanda 2026: Which Broker is Best for Italian Traders?
Which broker is better for Italy traders in 2026? Expert analysis across 12 categories.
Quick Verdict — Italy Traders
For Italian traders looking to trade forex and CFDs in 2025, choosing between FP Markets and Oanda is a critical decision. Both brokers are well-established and accept clients from Italy, but they offer distinct advantages. FP Markets, with a score of 4.7/5, is known for its ultra-low spreads, fast execution, and support for local payment methods like SEPA and PostePay. Oanda, scoring 3.6/5, is a trusted global brand with a strong reputation for research tools and regulation. However, for Italian retail traders focused on cost efficiency and local convenience, FP Markets often emerges as the better choice. This comparison explores spreads, platforms, regulation, and deposit options to help you decide.
Overall Scores Comparison
Trading Costs - Spreads & Commissions
| Instrument | FP Markets | Oanda | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | Oanda |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | Oanda |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | Oanda |
| Standard acc spread | from 1.0 pips | from 0.8 pips | Oanda |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $100 | $0 | Oanda |
For Italian traders, trading costs are a key factor. FP Markets offers spreads from 0.0 pips on its Raw account with a commission of $3 per lot per side, while Oanda's spreads start at 1.2 pips on EUR/USD with no commission. For a trader executing 10 standard lots per month, FP Markets costs approximately €30 in commission plus raw spreads, compared to Oanda's €120 in spread costs. This makes FP Markets significantly cheaper for active Italian traders.
Account Types Comparison
| Account Type | FP Markets | Oanda |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✗ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✓ | ✗ |
| Copy trading | ✗ | ✗ |
| Min deposit | $100 | $0 |
Leverage Comparison - Italy Traders
| Entity / Asset | FP Markets | Oanda |
|---|---|---|
| Italy (offshore) | Up to 1:500 | Up to 1:100 |
| Forex major pairs | 1:500 | 1:100 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
Trading Instruments - Assets Available
| Asset Class | FP Markets | Oanda | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | FP Markets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | FP Markets |
| Crypto CFDs | 30+ | ✗ | FP Markets |
| Stocks / Share CFDs | 1,000+ | ✗ | Oanda |
| ETFs | ✓ | ✗ | Tie |
Platforms Comparison
| Platform | FP Markets | Oanda |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✗ |
| cTrader | ✓ | ✗ |
| TradingView | ✓ | ✓ |
| Expert Advisors (EAs) | ✓ | ✗ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
Both brokers offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are popular among Italian traders for their advanced charting and automated trading. FP Markets also provides its proprietary WebTrader and IRESS platforms, ideal for high-volume traders. Oanda offers its own web platform and mobile app, known for intuitive design and advanced order types. For Italian traders who prefer flexibility, FP Markets has a slight edge with more platform choices.
Execution Quality - Speed & Slippage
| Factor | FP Markets | Oanda | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Oanda |
| Avg execution speed | ~30ms | ~40ms | FP Markets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✗ | Tie |
FP Markets offers true ECN execution with no dealing desk intervention, ensuring fast order execution and minimal slippage. Oanda uses a market maker model with some dealing desk intervention, which can lead to slippage during volatile markets. For Italian traders who value speed and transparency, FP Markets is the better choice.
Regulation & Safety for Italy Traders
| Safety Factor | FP Markets | Oanda |
|---|---|---|
| Primary regulator | ASIC | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
FP Markets is regulated by CySEC (Cyprus) and ASIC (Australia), while Oanda is regulated by the FCA (UK) and CFTC (US). For Italian traders, both brokers operate under MiFID II passporting, meaning they are allowed to offer services in Italy without direct CONSOB oversight. This provides adequate protection, but traders should note that CONSOB itself does not regulate either broker. FP Markets' higher score reflects stronger trust in its regulatory compliance.
Deposits & Withdrawals for Italy
| Payment Method | FP Markets | Oanda |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✗ |
| Neteller | ✓ | ✗ |
| USDT / Crypto | ✓ | ✗ |
| Withdrawal time | 24 hours | 1 to 5 business days |
Italian traders can deposit and withdraw using SEPA bank transfer, Bank Transfer, and PostePay at both FP Markets and Oanda. FP Markets also supports credit/debit cards (Visa, Mastercard), Skrill, and Neteller, while Oanda offers PayPal and bank wire. SEPA deposits are free and typically processed within 1-2 business days. Withdrawals are also free at both brokers, but FP Markets processes them faster (within 24 hours) compared to Oanda's 2-3 business days. For PostePay users, both brokers accept it, making it easy for Italian traders to fund their accounts.
Islamic Accounts - Swap-Free for Italy Muslims
| Islamic Account Feature | FP Markets | Oanda |
|---|---|---|
| Swap-free available | ✓ | ✗ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
FP Markets offers Islamic (swap-free) accounts for Italian Muslim traders upon request, with no swap fees on overnight positions for major forex pairs. Oanda also provides Islamic accounts automatically for eligible clients, including those in Italy, with no additional charges. Both brokers require compliance with Sharia law, but FP Markets requires a formal request, while Oanda offers it more seamlessly. Italian traders should confirm conditions with support.
Customer Support Comparison
| Support Feature | FP Markets | Oanda | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | FP Markets |
FP Markets provides 24/7 customer support via live chat, email, and phone, with Italian language support available. Oanda offers support during market hours via live chat and email, but Italian language support is limited. For Italian traders, FP Markets has an advantage with round-the-clock assistance in their native language.
Mobile App Comparison
| Mobile Feature | FP Markets | Oanda | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | FP Markets |
| Google Play rating | 4.3 stars | 4.2 stars | FP Markets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✓ | ✓ | Tie |
Education & Research Tools
| Resource | FP Markets | Oanda | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | ✗ | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | FP Markets |
Real User Reviews - Trustpilot
Pros & Cons of Each Broker
FP Markets
Oanda
Who Should Use Which Broker? - Italy Guide
Choose FP Markets if you...
- Want ultra-low spreads from 0.0 pips to minimize trading costs
- Prefer ECN execution with no dealing desk intervention
- Need 24/7 Italian language customer support
- Use SEPA or PostePay for deposits and want faster withdrawals
Choose Oanda if you...
- Value a well-known global brand with strong regulatory oversight
- Prefer a user-friendly web platform with advanced research tools
- Want no commission trading with fixed spreads
- Need PayPal as a deposit option
FAQ - FP Markets vs Oanda in Italy
Final Verdict - Italy 2026
For Italian retail traders in 2025, FP Markets is the superior choice due to its higher score (4.7/5), lower spreads, and better local payment support including SEPA and PostePay. While Oanda is a trusted brand with solid research tools, its higher spreads and limited Italian support make it less ideal for cost-conscious traders. FP Markets' ECN execution and 24/7 Italian support further strengthen its position. Both brokers operate under EU regulation, so Italian traders are protected. Ultimately, FP Markets offers better value for active traders in Italy.