Updated September 29, 2026 · BrokerCue Editorial Team
FBS vs OANDA
Where FBS and OANDA differ
| Compare |  FBS |  OANDA |
|---|---|---|
| Minimum deposit | $5 | $0Lower |
| Markets | Stocks, ETFs, Forex, CFDs, Metals | Stocks, ETFs, Forex, CFDs, Crypto, Bonds |
| Regulators | Cyprus Securities and Exchange Commission | FCA, CFTC |
| Investor protection | EU ICS up to EUR 20,000 | FSCS up to GBP 85,000 |
| Retail accounts that lose money | 66.43% | 72% |
| Stock trade fee | $0 | Not confirmed |
| Account fee | $0 | Not confirmed |
| Inactivity fee | $0 | Not confirmed |
| EUR/USD spread | 0.5% | Not confirmed |
| Deposit and withdrawal fees | Free | Not confirmed |
| Platforms | MetaTrader 4, MetaTrader 5 | Not confirmed |
| Maximum retail leverage | Not confirmed | 1:30 |
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Key differences
- OANDA scores higher overall: 9.5 vs 9.1.
- Regulators: only FBS offers Cyprus Securities and Exchange Commission.
- Regulators: only OANDA offers FCA, CFTC.
- Founded is lower at OANDA: 1996 vs 2009.
- OANDA is licensed in 1 more country.
- Minimum deposit is lower at OANDA: $0 vs $5.
- Markets: only FBS offers Metals.
- Markets: only OANDA offers Crypto, Bonds.
- Support channels: only FBS offers Help centre.
Our verdict on each
FBS
Fbs Partners suits readers who want a plain, low cost picture from a firm regulated by the Cyprus Securities and Exchange Commission: the account fee is $0 and the stock trade fee is $0. The EUR/USD spread of 0.5% and the retail loss rate of 66.43% are the figures to weigh before funding.
OANDA
OANDA fits traders who want to open an account without a minimum deposit and sit under regulators on both sides of the Atlantic. Its overall score is 8.4 with a cost score of 8.4, though the retail loss rate of 72% is a reminder that most balances do not survive the trading.
Score breakdown
| Area | FBS | OANDA |
|---|---|---|
| Cost | 9.3 | 9.7Higher |
| Offer | 9.3 | 9.3 |
| Trust | 8.8 | 9.5Higher |
Positions in our rankings
| Ranking | FBS | OANDA |
|---|---|---|
| Stock and ETF brokers | 110 of 471 | 51 of 471 |
| Forex brokers | 47 of 147 | 20 of 147 |
| Low-spread forex brokers | 45 of 145 | 18 of 145 |
| CFD brokers | 37 of 122 | 16 of 122 |
Side by side, item by item
| Markets | FBS | OANDA |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | Yes |
| CFDs | Yes | Yes |
| Crypto | No | Yes |
| Bonds | No | Yes |
| Metals | Yes | No |
Every fact side by side
| Fact | FBS | OANDA |
|---|---|---|
| Features | Demo account, Mobile app | Demo account, Mobile app |
| Pricing model | Commission free | Not confirmed |
| Audience | Beginners | Not confirmed |
| Legal entity | Tradestone Limited | OANDA TMS Brokers S.A. |
| Headquarters | Cyprus | United States |
| Founded | 2009 | 1996Lower |
| Support channels | Email, Phone, Help centreCovers more | Email, Phone |
Where each stands against the rest
| Fact | FBS | OANDA | Median |
|---|---|---|---|
| Minimum deposit | $5below the median | $0below the median | $25 |
| Stock trade fee | $0at the median | Not confirmed | $0 |
| Account fee | $0at the median | Not confirmed | $0 |
| Inactivity fee | $0at the median | Not confirmed | $0 |
| Retail accounts that lose money | 66.43%below the median | 72%below the median | 72.05% |
| EUR/USD spread | 0.5%below the median | Not confirmed | 0.65% |
Median across 134 listed brokers.
Pros and cons
FBS
Pros
- An account regulated by the Cyprus Securities and Exchange Commission: Cyprus Securities and Exchange Commission licenses Tradestone Limited under 331/17, so the contract has a named entity behind it.
- The stock trade fee is $0 on a commission free model, so dealing in the shares and ETFs inside stocks, etfs and forex carries no ticket charge.
- The inactivity fee is $0, so a dormant balance is not quietly drained by account charges.
Cons
- The EUR/USD spread of 0.5% is the charge that lands on every forex and CFD trade, so currency traders feel it more than the flat fees suggest.
- The minimum deposit of $5 sits above CFI's $0, so readers who want the smallest opening balance have a lower floor elsewhere.
- The market list stocks, etfs and forex leaves out crypto and futures, which eToro covers in stocks, etfs and forex.
OANDA
Pros
- No minimum deposit: $0 means the account opens without putting money in first, and OANDA sits at the top of our minimum deposit ranking, ahead of Vantage and its $5.
- Regulated in Britain and the US: FCA and CFTC covers an FCA licence 542574 and a CFTC registration 0325821.
- UK balances sit under protection of FSCS up to GBP 85,000, which pays compensation if the firm cannot return the money.
Cons
- Support runs on email and phone only, which leaves anyone wanting a live chat desk looking at other brokers.
- A retail loss rate of 72% is no better than the site figure of 70.15%, so the risk sits at the sector norm.
- Retail leverage of 1:30 magnifies losses as quickly as gains, and a $0 entry point makes it easy to size positions too large.
Who each suits
FBS
Who it suits
- Beginners opening a new trading account: the minimum deposit is $5 and the account fee is $0.
- Readers who hold shares and ETFs alongside forex: stocks, etfs and forex covers that mix on the same account.
- European readers who want a Cyprus regulated firm: Cyprus Securities and Exchange Commission licenses the entity behind the brand.
Who should look elsewhere
- Readers who want the smallest possible opening balance: CFI takes $0.
- Readers who need crypto or futures in the same account: eToro lists stocks, etfs and forex, and those lines sit outside stocks, etfs and forex.
- Readers who want crypto added to a forex, CFD, stock, ETF and metals mix: Vantage covers forex, cfds and stocks.
OANDA
Who it suits
- Traders who want to open an account and start small: the minimum deposit of $0 removes the barrier to funding later.
- Anyone who checks regulators before depositing, since FCA and CFTC and protection of FSCS up to GBP 85,000 are both on record.
- Forex traders who also want shares, ETFs, CFDs, crypto and bonds under one roof: stocks, etfs and forex.
Who should look elsewhere
- Futures traders, who get a longer list at eToro, where stocks, etfs and forex adds futures to the stocks, etfs and forex on offer here.
- Traders who want nothing beyond shares, ETFs, forex, CFDs and crypto, since CFI's stocks, etfs and forex covers that core without the bonds.
Questions about each
FBS
What does it cost to run an account at Fbs Partners?+
The account fee is $0, the stock trade fee is $0 and the inactivity fee is $0, so nothing is charged for holding the account, dealing in shares or leaving a balance idle. Deposits and withdrawals carry no charge either. What remains on a forex or CFD trade is the spread, quoted at 0.5% on EUR/USD.
How much does the EUR/USD spread cost in practice?+
The EUR/USD spread is 0.5%. On a currency pair that spread is the dealer's charge for opening and closing, so it lands on every position rather than on a ticket line. The stock trade fee of $0 and the account fee of $0 sit alongside it, which makes the spread the number to size positions around.
OANDA
What is the minimum deposit for an OANDA account?+
OANDA lists a minimum deposit of $0, so you can open an account without funding it and add money later. On our minimum deposit ranking that places OANDA at position 1 of 213 brands, well clear of the field. Vantage, by contrast, asks for $5 before trading starts.
How is my money protected if something goes wrong?+
UK clients sit under investor protection of FSCS up to GBP 85,000, the compensation paid if the firm cannot return the balance. The regulator behind that cover is named in FCA and CFTC, and the FCA licence number is 542574. US clients fall under the CFTC registration, 0325821, which is a separate arrangement.
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