FXTM vs Oanda 2026: Which Broker Is Best for North Macedonia Traders?
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, selecting between FXTM (score 4.3/5) and Oanda (score 3.6/5) involves weighing several local considerations. The country's forex community is growing, with many traders preferring USD-denominated accounts and flexible deposit methods. FXTM stands out with its higher overall rating, lower trading costs, and support for popular local payment options like Bank Transfer, Skrill, Neteller, and even USDT TRC20. Oanda, while a globally trusted brand with strong regulation, offers fewer localised features. This comparison examines spreads, platforms, regulation, and deposit methods specifically for North Macedonia traders to help you choose the most suitable broker for your needs in 2025.
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 |
Trading costs are a key factor for North Macedonia traders. FXTM's ECN account offers spreads from 0.0 pips with a small commission, while standard accounts have spreads around 1.0 pip on EUR/USD. Oanda's cost model is simpler: no commission but variable spreads that average 1.2 pips for EUR/USD. For high-volume traders in North Macedonia, FXTM's raw spreads can significantly reduce costs per lot. Even for smaller traders, FXTM's tighter spreads and multiple account types provide more flexibility to align with trading volumes.
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 - North Macedonia Traders
| Entity / Asset | FXTM | Oanda |
|---|---|---|
| North Macedonia (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 offer industry-standard platforms, but FXTM provides a richer selection for North Macedonia traders. FXTM supports MetaTrader 4 and MetaTrader 5, both with full mobile capability, plus a proprietary app. Oanda offers MT4 and its own web-based platform. For traders who rely on mobile trading or advanced charting tools, FXTM's MT5 compatibility gives it an edge. Additionally, FXTM's platforms are optimised for local deposit methods, making account management smoother for North Macedonia users.
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 |
FXTM uses ECN/STP execution, providing direct market access with minimal slippage and fast order processing. Oanda's proprietary trading engine also offers reliable execution with no dealing desk intervention. However, during volatile market conditions, Oanda can experience requotes, while FXTM's ECN model typically maintains stable fills. For active North Macedonia traders, FXTM's execution quality is slightly superior.
Regulation & Safety for North Macedonia 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 top-tier authorities: FXTM by CySEC and FSCA, Oanda by FCA and ASIC. Neither broker is directly overseen by the local financial regulator in North Macedonia, but both operate legally by accepting clients from the country under their international licenses. This means North Macedonia traders still benefit from negative balance protection (under CySEC for FXTM clients) and transparent operation. The absence of direct local regulation is common for international brokers serving the region.
Deposits & Withdrawals for North Macedonia
| 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 |
Deposit options are a major differentiator for North Macedonia traders. FXTM supports all four popular local methods: Bank Transfer (1-3 business days, minimal fees), Skrill (instant, low fees), Neteller (instant, low fees), and USDT TRC20 (crypto-based, fast, and cost-effective). Oanda only offers Bank Transfer and Skrill, missing Neteller and USDT TRC20 entirely. Withdrawals follow similar routes. For traders who value speed and low transaction costs, especially those using cryptocurrency for transfers, FXTM is clearly the better option. All methods are available in USD accounts.
Islamic Accounts - Swap-Free for North Macedonia 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 |
FXTM provides Islamic (swap-free) accounts for Muslim traders in North Macedonia, ensuring no overnight interest charges are applied. These accounts are available on request and comply with Sharia principles. Oanda does not offer Islamic accounts in any jurisdiction, so North Macedonia traders requiring swap-free trading must choose FXTM. It's a significant factor given the country's Muslim population.
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 |
Customer support for North Macedonia traders is available in English from both brokers. FXTM offers 24/5 live chat, email, and phone support with quick response times, while Oanda also provides 24/5 support via similar channels. Neither has dedicated Macedonian language support, but English is widely understood. FXTM's support team is known for being more responsive in resolving deposit and account issues.
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? - North Macedonia Guide
Choose FXTM if you...
- Want lower spreads and ECN execution to reduce trading costs
- Need an Islamic (swap-free) account for Sharia-compliant trading
- Prefer using USDT TRC20 or Neteller for fast, low-cost deposits
- Value MT5 platform access and advanced charting tools
Choose Oanda if you...
- Prefer a simple, no-commission pricing structure
- Are comfortable with Bank Transfer or Skrill as your only deposit options
- Want a broker with a long-established global reputation
- Do not require Islamic accounts or USDT TRC20 support
FAQ - FXTM vs Oanda in North Macedonia
Final Verdict - North Macedonia 2026
For retail traders in North Macedonia in 2025, FXTM is the stronger choice. With a higher Trustpilot score of 4.3/5, lower spreads, support for all locally popular deposit methods including Bank Transfer, Skrill, Neteller, and USDT TRC20, and the availability of Islamic accounts, it clearly caters to local preferences. Oanda is a reliable alternative but lacks these specific features. While both brokers are not regulated by the local financial regulator, they operate legally under international licenses. Overall, FXTM offers better value and flexibility for North Macedonia traders.