FP Markets vs Oanda: Which Broker Wins for North Macedonia Traders in 2026?
Which broker is better for North Macedonia traders in 2026? Expert analysis across 12 categories.
Quick Verdict — North Macedonia Traders
For retail traders in North Macedonia, choosing between FP Markets and Oanda can be challenging. Both brokers are well-known globally, but they cater to different trading styles and needs. FP Markets, with a strong score of 4.7/5, is a top choice for traders seeking tight spreads, multiple platforms, and flexible funding options like Bank Transfer, Skrill, Neteller, and USDT TRC20. Oanda, scoring 3.6/5, is a simpler broker focused on transparency and ease of use, but it lacks some features important to local traders, such as Islamic accounts and e-wallet deposits. This comparison helps you decide based on your specific requirements as a North Macedonia trader.
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 |
Spread costs are a key factor for North Macedonia traders, especially those trading in USD. FP Markets offers a Raw ECN account with spreads from 0.0 pips and a low commission, making it ideal for scalpers and high-volume traders. Oanda’s spreads are typically higher and variable, which can eat into profits over time. For example, on EUR/USD, FP Markets’ average spread is 0.1 pips (Raw) vs Oanda’s 1.0-1.2 pips. Over 100 trades, this difference can save you significant money with FP Markets.
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 - North Macedonia Traders
| Entity / Asset | FP Markets | Oanda |
|---|---|---|
| North Macedonia (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 | ✓ | ✓ |
FP Markets provides MetaTrader 4, MetaTrader 5, and IRESS, catering to both manual and algorithmic traders. These platforms are widely used in North Macedonia and offer advanced charting, automated trading, and mobile access. Oanda offers its proprietary web and mobile platforms, which are user-friendly but less feature-rich. For traders who need advanced tools or EA support, FP Markets is the better choice.
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 ECN execution with no dealing desk intervention, ensuring fast order fills and minimal slippage. This is ideal for scalpers and day traders in North Macedonia. Oanda uses a market maker model, which can lead to occasional requotes and slower execution during volatile markets. For serious traders, FP Markets’ execution is superior.
Regulation & Safety for North Macedonia 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 the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), offering strong client protection. Oanda is regulated by top-tier authorities like the UK’s FCA and the US CFTC. While neither is regulated by the local financial regulator in North Macedonia, both maintain high international standards. This means your funds are protected under these respected frameworks.
Deposits & Withdrawals for North Macedonia
| Payment Method | FP Markets | Oanda |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✗ |
| Neteller | ✓ | ✗ |
| USDT / Crypto | ✓ | ✗ |
| Withdrawal time | 24 hours | 1 to 5 business days |
For North Macedonia traders, deposit and withdrawal flexibility is crucial. FP Markets supports Bank Transfer, Skrill, Neteller, and USDT TRC20, making it easy to fund your account in USD without high fees. Deposits via e-wallets are processed instantly, while USDT TRC20 offers a fast, low-cost alternative for crypto users. Oanda only accepts Bank Transfer and credit/debit cards, which can be slower and more expensive. For quick and affordable transactions, FP Markets is the clear winner.
Islamic Accounts - Swap-Free for North Macedonia 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 |
Muslim traders in North Macedonia will find FP Markets offers Islamic (swap-free) accounts that comply with Sharia law, with no overnight interest charges on major currency pairs. Oanda does not provide Islamic accounts, which can be a deal-breaker for those requiring swap-free trading. FP Markets’ Islamic accounts are available on request and cover a wide range of instruments, making it the only viable option for Sharia-compliant traders.
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 |
Both brokers offer customer support in English, which is accessible to most North Macedonia traders. FP Markets provides 24/5 live chat, email, and phone support, with quick response times. Oanda also has 24/5 support but with slightly longer wait times. For urgent issues, FP Markets’ support is more responsive and helpful.
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? - North Macedonia Guide
Choose FP Markets if you...
- Want low spreads and ECN execution for cost-effective trading.
- Need flexible deposits via Bank Transfer, Skrill, Neteller, or USDT TRC20.
- Require an Islamic (swap-free) account for Sharia-compliant trading.
- Use MetaTrader 4/5 or IRESS for advanced charting and automated trading.
Choose Oanda if you...
- Prefer a simple, user-friendly platform without extra features.
- Trade infrequently and don’t need ultra-low spreads.
- Only use bank transfers for deposits and withdrawals.
- Value a long-established brand with strong regulatory history.
FAQ - FP Markets vs Oanda in North Macedonia
Final Verdict - North Macedonia 2026
For most retail traders in North Macedonia, FP Markets is the superior choice. Its higher score (4.7/5 vs 3.6/5) reflects better spreads, more deposit options including USDT TRC20 and Skrill, Islamic accounts, and stronger platform selection. While Oanda is a reputable broker, it lacks key features like e-wallet deposits and swap-free accounts that are important for local traders. If you’re serious about trading and want the best value, FP Markets is the clear winner. Always check the latest terms with the local financial regulator and choose the broker that fits your trading style.