FP Markets vs Oanda 2026: Vietnam Trader Comparison
Which broker is better for Vietnam traders in 2026? Expert analysis across 12 categories.
Quick Verdict — Vietnam Traders
FP Markets and Oanda are two globally recognized forex brokers, but for Vietnam traders in 2025, the choice depends heavily on local needs. FP Markets, with a score of 4.7/5, stands out for its ultra-low spreads, fast execution, and support for VND deposits via Bank Transfer, Momo, and USDT. Oanda, scoring 3.6/5, is known for its strong regulation and user-friendly platforms but lacks localized payment options for Vietnam. Young tech-savvy traders in Ho Chi Minh City or Hanoi who prioritize cost efficiency and modern payment methods will find FP Markets more aligned with their needs. This comparison examines spreads, platforms, regulation by SSC Vietnam, and deposit/withdrawal methods 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 |
FP Markets offers spreads from 0.0 pips on its Raw account with a commission of $3 per lot, while Oanda’s variable spreads average 1.0-1.2 pips on EUR/USD with no commission. For Vietnam traders trading 10+ lots per month, FP Markets saves significantly on costs. Oanda’s spreads are higher, especially during Asian session volatility, impacting scalping strategies. FP Markets also provides lower margin requirements for VND-denominated accounts.
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 - Vietnam Traders
| Entity / Asset | FP Markets | Oanda |
|---|---|---|
| Vietnam (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 cTrader, all popular among young Vietnam traders for their advanced charting and automated trading. Oanda offers its proprietary web platform and MT4, but lacks cTrader. FP Markets’ cTrader is ideal for tech-savvy users who want depth of market and fast order execution. Oanda’s platform is simpler but less customizable.
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 uses ECN/STP execution with no dealing desk, offering average execution under 40ms. Oanda uses a market maker model with occasional requotes. For scalping Vietnam traders, FP Markets’ faster execution and low latency are superior.
Regulation & Safety for Vietnam 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 ASIC (Australia) and CySEC, offering strong client fund protection. Oanda is regulated by top-tier bodies like FCA (UK) and CFTC (US). While neither is directly regulated by SSC Vietnam, both accept Vietnamese clients. FP Markets’ ASIC regulation provides additional security for Vietnam traders. Oanda’s US regulation may offer comfort but doesn’t affect local trading conditions.
Deposits & Withdrawals for Vietnam
| Payment Method | FP Markets | Oanda |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✗ |
| Neteller | ✓ | ✗ |
| USDT / Crypto | ✓ | ✗ |
| Withdrawal time | 24 hours | 1 to 5 business days |
FP Markets excels for Vietnam traders by supporting Bank Transfer, Momo, and USDT deposits in VND, with no deposit fees and fast processing. Oanda only accepts international bank wires and credit/debit cards in USD, requiring currency conversion and incurring bank fees. Withdrawals at FP Markets via Momo or USDT are processed within 1-2 hours, while Oanda’s wire transfers take 2-5 business days. For local convenience, FP Markets is the clear winner.
Islamic Accounts - Swap-Free for Vietnam 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 automatically for Muslim traders in Vietnam, with no swap charges on overnight positions. Oanda provides swap-free accounts upon request but may charge a flat fee after a certain period. FP Markets’ policy is more favorable for long-term traders who need to avoid interest.
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 offers 24/5 multilingual support via live chat, email, and phone, with response times under 5 minutes. Oanda provides 24/5 support but only in English. For Vietnam traders, FP Markets’ faster and more accessible support is a plus.
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? - Vietnam Guide
Choose FP Markets if you...
- Want ultra-low spreads from 0.0 pips to minimize trading costs
- Need VND deposits via Bank Transfer, Momo, or USDT for convenience
- Prefer advanced platforms like cTrader and MT5 for automated trading
- Trade high volumes and require fast ECN execution
Choose Oanda if you...
FAQ - FP Markets vs Oanda in Vietnam
Final Verdict - Vietnam 2026
For Vietnam traders in 2025, FP Markets is the stronger choice overall, offering lower spreads, local VND deposit options via Momo and USDT, and better execution. Oanda’s regulatory reputation is solid, but its lack of local payment support and higher spreads make it less suitable for cost-conscious, tech-savvy traders. If you prioritize convenience and cost efficiency, FP Markets aligns perfectly with Vietnam’s trading ecosystem. Oanda remains an option for those who prefer a well-known brand with simple pricing, but FP Markets delivers more value for the modern Vietnamese trader.