FP Markets vs Oanda: A Complete Comparison for Kazakhstan Traders in 2026

Cost is a top concern for Kazakhstan traders, especially when trading in USD. FP Markets offers two account types: Standard (spreads from 0.0 pips with no commission) and Raw ECN (spreads from 0.0 pips plus $3 per lot commission). For a typical intraday trader executing 10 lots per week on EUR/USD, FP Markets’ total spread cost is about 30–50% lower than Oanda’s. Oanda’s spreads are variable and average 0.5–1.2 pips on majors, which adds up for frequent traders. Additionally, Oanda charges an inactivity fee after 12 months, whereas FP Markets does not. For Kazakhstan traders who trade actively, FP Markets offers a clear cost advantage.

Both brokers provide MetaTrader 4 and MetaTrader 5, which are widely used by Kazakhstan traders. FP Markets also offers its proprietary IRESS platform—ideal for advanced charting and direct market access (DMA). Oanda provides its own web platform and mobile apps, but does not support MT5. For traders in Kazakhstan who prefer automated trading or copy trading, FP Markets’ integration with Myfxbook and ZuluTrade is a plus. Oanda’s platform is more beginner-friendly but lacks the depth that experienced Kazakhstan traders often need. Overall, FP Markets gives more platform choices suited to different skill levels.

FP Markets offers choice of market execution or ECN execution with No Dealing Desk (NDD) and DMA, ensuring low latency and minimal requotes. Oanda uses a dealing desk model for some accounts and may show wider spreads during news events. For Kazakhstan traders who scalp or trade news, FP Markets’ ECN infrastructure is superior, providing consistent execution quality even during high volatility.

Neither FP Markets nor Oanda is directly regulated by the local financial regulator in Kazakhstan. However, both operate under strong international licenses: FP Markets is regulated by ASIC (Australia) and CySEC (Cyprus); Oanda is regulated by FCA (UK), ASIC, and others. For Kazakhstan traders, this means funds are held in segregated accounts with reputable oversight. FP Markets also provides negative balance protection on its ASIC-regulated entity, which is beneficial during volatile markets. While no local license exists, both brokers comply with international standards, offering reasonable protection for Kazakhstan users.

Depositing and withdrawing funds is a key factor for Kazakhstan traders. FP Markets supports multiple methods popular locally: Bank Transfer (USD), Skrill, Neteller, and USDT TRC20. USDT TRC20 deposits are processed instantly with no blockchain fees, making it very efficient. Withdrawals via the same methods are processed within 24 hours. Oanda accepts Bank Transfer (USD) and major credit/debit cards but does not support Skrill, Neteller, or USDT. This can be a barrier for Kazakhstan traders who prefer e-wallets or crypto. FP Markets also has a local USD bank account option in some cases, further simplifying transfers. For speed and variety, FP Markets is the clear winner for Kazakhstan traders.

Swap-free (Islamic) accounts are available at both brokers, but conditions differ. FP Markets offers Islamic accounts on all account types with no extra fees or time limits—ideal for Muslim traders in Kazakhstan who hold positions overnight. Oanda provides Islamic accounts only on its standard account and may charge an administration fee after a certain period (e.g., 10 days). For long-term positions, FP Markets is more cost-effective. Both require a simple request through customer support. Considering Kazakhstan’s Muslim population, FP Markets’ more flexible swap-free policy is a notable advantage.

Both brokers offer 24/5 multilingual support via live chat, email, and phone. FP Markets provides support in Russian, which is widely spoken in Kazakhstan, while Oanda’s support is primarily in English and a few other languages. FP Markets also has a dedicated account manager for clients with larger deposits. For Kazakhstan traders, FP Markets’ Russian-language support and faster response times make it the more accessible option.