FXTM vs Oanda 2026: Which Broker Wins for Italy Traders?
Which broker is better for Italy traders in 2026? Expert analysis across 12 categories.
Quick Verdict — Italy Traders
For Italy traders looking to enter the forex market in 2025, comparing FXTM and Oanda is essential. Both brokers are well-known global brands, but they cater to different needs. FXTM (ForexTime) holds a strong score of 4.3/5, offering a comprehensive trading experience with low minimum deposits (starting from €10) and support for local payment methods like SEPA, bank transfer, and PostePay. Oanda scores 3.6/5 and is respected for its transparent pricing, advanced research tools, and strong regulatory compliance. However, for Italy-based retail traders, FXTM’s broader range of account types, lower spreads on popular pairs like EUR/USD, and local payment integrations make it a more attractive option. Both brokers are regulated by CONSOB and comply with MiFID II, ensuring a safe trading environment. This comparison helps you decide which broker fits your trading style, whether you prioritize low costs, platform flexibility, or local payment convenience.
Overall Scores Comparison
Trading Costs - Spreads & Commissions
| Instrument | FXTM | 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 | $200 | $0 | Oanda |
When trading from Italy, costs matter. FXTM offers spreads from 0.1 pips on its ECN account, while Oanda’s spreads start around 0.2 pips on its core account. For a typical Italian retail trader executing 10 standard lots per month on EUR/USD, FXTM can save up to €50 compared to Oanda. FXTM also has a lower minimum deposit (€10 vs Oanda’s €0 minimum, but Oanda requires €250 for margin trading). Oanda charges no commission on its standard accounts, but its spreads are wider. Overall, FXTM is more cost-effective for active Italy traders.
Account Types Comparison
| Account Type | FXTM | Oanda |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✗ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✓ | ✗ |
| Zero spread account | ✗ | ✗ |
| Copy trading | ✓ | ✗ |
| Min deposit | $200 | $0 |
Leverage Comparison - Italy Traders
| Entity / Asset | FXTM | Oanda |
|---|---|---|
| Italy (offshore) | Up to 1:3000 | Up to 1:100 |
| Forex major pairs | 1:3000 | 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 | FXTM | Oanda | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | FXTM |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | FXTM |
| Crypto CFDs | ✗ | ✗ | FXTM |
| Stocks / Share CFDs | ✗ | ✗ | Oanda |
| ETFs | ✗ | ✗ | Tie |
Platforms Comparison
| Platform | FXTM | Oanda |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✗ |
| cTrader | ✗ | ✗ |
| TradingView | ✗ | ✓ |
| Expert Advisors (EAs) | ✓ | ✗ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
Both brokers provide the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are widely used by Italian traders. FXTM also offers its proprietary FXTM Trader app for mobile trading. Oanda’s proprietary platform, Oanda Trade, is known for its clean interface and advanced charting tools like Fibonacci and pattern recognition. For Italian traders who prefer automated trading, both support Expert Advisors (EAs) on MT4/MT5. FXTM’s platform range is slightly broader, but Oanda’s platform is more intuitive for beginners.
Execution Quality - Speed & Slippage
| Factor | FXTM | Oanda | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Oanda |
| Avg execution speed | ~30ms | ~40ms | FXTM |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✗ | Tie |
Both brokers offer fast execution, but FXTM uses STP/ECN technology with no dealing desk, reducing slippage. Oanda uses a market maker model but with transparent pricing. FXTM’s execution is generally faster for high-frequency traders, while Oanda’s execution is reliable for standard retail trading.
Regulation & Safety for Italy Traders
| Safety Factor | FXTM | Oanda |
|---|---|---|
| Primary regulator | FCA | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Both FXTM and Oanda are regulated by CONSOB, Italy’s financial regulator, ensuring they adhere to strict client protection rules. They are also authorized under MiFID II, which requires segregation of client funds, negative balance protection, and leverage restrictions. For Italy traders, this means your deposits are safe up to €20,000 through investor compensation schemes. FXTM is also regulated by CySEC and FCA, adding extra layers of oversight. Oanda is regulated by multiple top-tier authorities including the FCA and ASIC. Both brokers offer a secure trading environment for Italian residents.
Deposits & Withdrawals for Italy
| Payment Method | FXTM | Oanda |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✗ |
| Neteller | ✓ | ✗ |
| USDT / Crypto | ✓ | ✗ |
| Withdrawal time | 24 hours (often in 30 minutes),Credit / Debit Cards (Visa, Mastercard): 1 to 3 business days. | 1 to 5 business days |
Italian traders have several convenient deposit options. FXTM supports SEPA bank transfers (free, 1-3 days), Bank Transfer, and PostePay (instant via prepaid card). Minimum deposit is €10. Oanda also supports SEPA transfers and major credit cards but does not accept PostePay. Withdrawals at both brokers are processed via SEPA bank transfers (free at FXTM, Oanda charges a small fee after one free withdrawal per month). FXTM’s inclusion of PostePay gives it an edge for Italian traders who prefer prepaid card solutions.
Islamic Accounts - Swap-Free for Italy Muslims
| Islamic Account Feature | FXTM | 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 |
For Italian Muslim traders requiring Sharia-compliant accounts, FXTM offers swap-free Islamic accounts on its Standard and ECN account types, with no interest charged on overnight positions. Approval is straightforward. Oanda also provides Islamic accounts upon request, with same conditions. Both brokers comply with CONSOB rules on swap-free accounts. FXTM’s Islamic account is more accessible with lower minimum deposit.
Customer Support Comparison
| Support Feature | FXTM | Oanda | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | FXTM |
FXTM offers 24/5 customer support in Italian via live chat, email, and phone. Oanda provides 24/5 support in English and other languages, but Italian language support is limited. For Italy traders who prefer speaking Italian, FXTM has the advantage.
Mobile App Comparison
| Mobile Feature | FXTM | Oanda | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | FXTM |
| Google Play rating | 4.3 stars | 4.2 stars | FXTM |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✓ | Oanda |
Education & Research Tools
| Resource | FXTM | Oanda | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | FXTM |
Real User Reviews - Trustpilot
Pros & Cons of Each Broker
FXTM
Oanda
Who Should Use Which Broker? - Italy Guide
Choose FXTM if you...
- Want lower spreads and lower minimum deposit (€10)
- Need local payment methods like PostePay and SEPA
- Prefer Italian-language customer support
- Want a wide range of account types including Islamic accounts
Choose Oanda if you...
- Value transparent pricing and advanced research tools
- Prefer a proprietary platform with clean interface
- Trade confidently with a strong regulatory track record
- Don’t mind higher spreads in exchange for no commission trades
FAQ - FXTM vs Oanda in Italy
Final Verdict - Italy 2026
For Italy traders, FXTM edges out Oanda with a higher overall score (4.3 vs 3.6), lower costs, and better support for local payment methods like SEPA, Bank Transfer, and PostePay. FXTM’s lower spreads and flexible account types make it ideal for active retail traders. Oanda remains a solid choice for those who value transparent pricing and strong regulation. However, considering Italy-specific factors such as CONSOB compliance and local payment convenience, FXTM is the recommended broker for most Italian traders in 2025.