OANDA Overview
| Website | oanda.com |
| Year Founded | 2001 |
| Countries of Registration | United States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, Poland |
| Website Languages | English, Thai, Spanish, Portuguese, Vietnamese, Indonesian, Malay, Traditional Chinese, Simplified Chinese, French |
| Regulators | NFA, CFTC, ASIC, CIRO, FCA, JFSA, BVIFSC, MAS, KNF |
| Broker Type | STP |
| Dealing | A-book |
| Minimum Deposit | $1 |
| Account Currencies | USD, EUR, AUD, CHF, SGD, HKD |
| Spread | low |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, fxTrade |
| Trading Assets | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities |
Brief look at OANDA
OANDA is a globally recognized forex broker with a solid reputation for providing robust trading platforms and tools tailored to both beginner and professional traders. Established in 2001, OANDA has consistently positioned itself as a trusted broker, offering a wide range of trading instruments, including forex, indices, commodities, and cryptocurrencies. The broker is known for its user-friendly interface, competitive spreads, and advanced analytical tools, making it a popular choice among traders seeking reliable market access. OANDA is regulated by top-tier authorities like the CFTC, FCA, and ASIC, ensuring a high level of trust and transparency in its operations.
Pros
- Regulated by top-tier authorities (CFTC, FCA, ASIC)
- Competitive spreads and reliable pricing
- Access to both MetaTrader 4 (MT4) and a proprietary platform
- User-friendly trading interface suitable for beginners
- Comprehensive educational resources and market analysis tools
- A wide range of trading instruments, including forex, indices, commodities, and cryptocurrencies
- No minimum deposit requirement for most accounts
- Strong focus on transparency and customer support
Cons
- Limited account types compared to some competitors
- Some advanced tools may require additional subscriptions
Is OANDA available in my country?
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OANDA accepts clients from United States!
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OANDA Reviews
OANDA is a reliable broker with an excellent trading platform. The MT4 integration works flawlessly, and I appreciate the fast withdrawal times. Signing up was a breeze!
4/12/2024Great broker for forex trading. The spreads are competitive, and the app is very user-friendly. I only wish they supported MT5 for more advanced features.
3/30/2024OANDA is a decent broker, but the lack of multiple account types is a downside. The demo account is good for beginners, and the platform is easy to download and use.
2/22/2024I’ve had a smooth experience with OANDA so far. The minimum deposit policy is flexible, and their leverage options are suitable for most traders. Login is quick, and the trading app is responsive.
3/15/2024OANDA offers exceptional service with fast execution and transparent pricing. The spreads are low, and their MT4 platform is very stable. Highly recommended for forex trading!
4/8/2024Leave a Review
Is OANDA regulated?
| Companies | OANDA Corporation, OANDA Australia Pty Ltd, OANDA (Canada) Corporation ULC, OANDA Europe Limited, OANDA Japan Co., Ltd, OANDA Global Markets Ltd, OANDA Asia Pacific Pte Ltd, OANDA TMS Brokers S.A. |
| Countries | United States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, Poland |
| Regulators | NFA, CFTC, ASIC, CIRO, FCA, JFSA, BVIFSC, MAS, KNF |
| Investor Protection | UK Financial Services Compensation Scheme (FSCS) |
| Investor Protection Size | £85 000 |
| Publicly Traded | |
| Segregated Accounts | |
| Guaranteed Stop Loss | |
| Negative Balance Protection |
OANDA Account Types
| Property | Standard |
|---|---|
| Deposit | $1 |
| Lot Size | 0.01 lots |
| Spread Type | Floating |
| Execution | Market |
| Min Spread | 0.5 pips |
| Fee | No |
| Max Leverage | 1:200 |
| Stop Out | 50% |
| Margin Call | 100% |
Additional Features
- Demo Account
- VIP Account
- Swap-Free Account
- Copy Trading
- VPS
- PAMM/MAM Accounts
OANDA Funding and Fees
| Base currencies | USD, EUR, AUD, CHF, SGD, HKD |
| Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Neteller, Skrill |
| Inactivity fee | $10 per month after 12 months |
| Interest on margin | |
| Withdrawal Fee |
OANDA Trading Platforms and Conditions
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, fxTrade |
| Execution Speed | 12 ms |
| Scalping | |
| Expert Advisors (EAs) | |
| Depth of Market (DOM) | |
| Spread | low |
OANDA Trading Assets
| Currencies | 48 |
| Indices | 18 |
| Stocks | 1607 |
| Cryptocurrencies | 18 |
| Bonds | 0 |
| Metals | 3 |
| Energies | 3 |
| Soft Commodities | 4 |
| ETFs | 0 |
Education and Analytics
| Economic Calendar | |
| Indicators | |
| Robots | |
| Signals | |
| Autochartist | |
| Expert Analytics | |
| News Feed | |
| Education Articles | |
| Webinars | |
| Seminars |
OANDA Support
| [email protected] | |
| Phone | +442031512050 |
| YouTube | YouTube |
OANDA vs Competitors
| Features | OANDA | FOREX.com | FXCM | IG | eToro | IC Markets |
|---|---|---|---|---|---|---|
| Type | STP | MM, DMA | STP, DMA | MM, DMA | MM | ECN, DMA |
| Minimum Deposit | $1 | $100 | $50 | $1 | $200 | $200 |
| Regulators | NFA, CFTC, ASIC, CIRO, FCA, JFSA, BVIFSC, MAS, KNF | CIMA, FCA, CIRO, CySEC, SFC, JFSA, ASIC, MAS, CFTC, NFA | FCA, ASIC, CySEC, FSCA, CIRO, ISA, SVGFSA | FCA, BMA, BaFin, FSAN, AFM, CONSOB, CNMV, ACPR, FI, FINMA, NFA, CFTC, ASIC, NZ FMA, JFSA, JFFA, MAS, FSCA, DFSA | SFSA, FCA, CySEC, ASIC, SEC | SFSA, ASIC, CySEC, CMA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, fxTrade | FOREX.com, Ninja Trader, MetaTrader 4 (MT4), TradingView | MetaTrader 4 (MT4), Trading Station, TradingView | MetaTrader 4 (MT4), IG Trading Platform, L2 Dealer | eToro | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView |
| Spread | low | average | average | average | high | low |
| Leverage | 1:200 | 1:50 | 1:1000 | 1:200 | 1:30 | 1:500 |
| Assets | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Bonds, Metals, Energies, Soft Commodities, Cryptocurrencies | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities |