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Match Me

OANDA Review

Sarah Chen

Written by

Sarah Chen
James Anderson

Fact Checked by

James Anderson

Updated

Jan 4, 2026
Broker review header

95

Trust Score: 95/100

Based on regulatory status, company history, and financial transparency

  • 28+ years of operation (since 1996)
  • Regulated by 6 Tier-1 authorities (NFA, FCA, ASIC, CIRO, MAS, JFSA)
  • No minimum deposit requirement
  • Award-winning OANDA Trade platform
  • TradingView integration available
  • Competitive spreads from 0.6 pips
  • Available to US traders (NFA regulated)
  • Best-in-class mobile app

Founded

1996

Headquarters

New York, USA

Clients

200,000+

Why choose OANDA

OANDA is a pioneering global forex and CFD broker founded in 1996, making it one of the oldest and most trusted names in online trading. Regulated by 6 Tier-1 authorities including NFA (US), FCA (UK), ASIC (Australia), CIRO (Canada), MAS (Singapore), and FSA (Japan), OANDA serves traders in 196+ countries. The broker stands out with its no minimum deposit policy, competitive spreads from 0.6 pips, award-winning OANDA Trade platform, and TradingView integration. OANDA offers 70+ forex pairs plus indices, commodities, bonds, and metals. The company pioneered internet-based currency exchange and provides its proprietary currency data to corporations worldwide. With 28+ years of clean regulatory history, OANDA remains a top choice for US, Canadian, and global traders seeking maximum security and reliability.

Pros

  • Regulated by 6 Tier-1 authorities
  • 28+ years of clean regulatory history
  • No minimum deposit requirement
  • Competitive spreads from 0.6 pips
  • Award-winning mobile app
  • Available to US traders
  • Excellent educational resources

Cons

  • Inactivity fee after 12 months
  • No individual stock CFDs
  • Limited cryptocurrency offering
  • Higher spreads than some ECN brokers
OANDA logo

OANDA

Save Wishlist's

Popular choice

Min Deposit:

$0

Inactivity Fee:

No

Regulated:

Yes

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OANDA offers flexible pricing with Standard accounts (spreads from 0.6 pips, no commission) and Core/Premium accounts (raw spreads from 0.0 pips + commission). No deposit fees, free withdrawals over $10,000. Inactivity fee of $10/month applies after 12 months of no trading. Premium and Elite accounts offer up to 30% spread reduction.

InstrumentStandardRaw/Pro
EUR/USDFrom 0.6 pips (Standard)0.0 pips + $3/side (Core)
GBP/USDFrom 1.0 pips (Standard)Raw + commission (Core)
USD/JPYFrom 0.6 pips (Standard)Raw + commission (Core)
Gold (XAU/USD)VariableVariable + commission
S&P 500 (US500)0.4 points0.4 points
BTC (where available)VariableVariable

Deposit Fee

$0

Withdrawal Fee

Free (over $10k), $20 (wire under $10k)

Inactivity Fee

$10/month after 12 months

Currency Conversion

0.5% additional spread

Non-trading fees

Inactivity fee: No.

OANDA is one of the most heavily regulated brokers globally, authorized by 6 Tier-1 financial authorities across multiple jurisdictions. With 28+ years of operational history since 1996 and no major regulatory issues, OANDA is among the safest brokers in the industry. Client funds are held in segregated accounts with negative balance protection. FSCS protection up to £85,000 applies for UK clients, CIPF up to CAD 1 million for Canadian clients.

Regulatory Status

RegulatorCountryTierLicense
National Futures Association (NFA)United StatesTier-10325821
Commodity Futures Trading Commission (CFTC)United StatesTier-1-
Financial Conduct Authority (FCA)United KingdomTier-1542574
Australian Securities and Investments Commission (ASIC)AustraliaTier-1412981
Canadian Investment Regulatory Organization (CIRO)CanadaTier-1-
Monetary Authority of Singapore (MAS)SingaporeTier-1-
Financial Services Agency (JFSA)JapanTier-1-

Safety Features

Segregated AccountsYes
Negative Balance ProtectionYes
Investor ProtectionFSCS (UK) up to £85,000, CIPF (Canada) up to CAD 1 million, Segregated accounts, Negative Balance Protection
Compensation SchemeFSCS (UK) £85,000, CIPF (Canada) CAD 1 million

Is regulated?

Yes, heavily regulated.

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Compare Regionally

OANDA stands out with no minimum deposit requirement. Deposits are free via bank wire, debit cards, and ACH (US). Withdrawals are free for amounts over $10,000. Wire transfers under $10,000 incur a $20 fee. The broker supports 9 base currencies to minimize conversion costs.

Deposit Options

MethodProcessing TimeFeeMin. Deposit
Bank Wire Transfer1-2 business daysFree$0
Debit CardInstantFree$0
ACH (US)3-4 business daysFree$0
PayPal (select regions)InstantFree$0

Withdrawal Options

MethodProcessing TimeFeeMin. Withdrawal
Bank Wire Transfer1-2 business daysFree (over $10k), $20 (under $10k)$0
Debit Card1-3 business daysFree$0
ACH (US)2-5 business daysFree$0

Base Currencies

USD, EUR, GBP, AUD, CAD, JPY, SGD, HKD, CHF

OANDA's account opening is fast and digital, typically completed within 1-2 business days. The broker stands out with its no minimum deposit policy. Standard, Core, Premium, and Elite account tiers are available based on deposit and trading volume. Demo accounts are unlimited.

Account Types

Account TypeMin. DepositKey Features
Standard Account$0
  • • Spreads from 0.6 pips
  • • No commission
Core Pricing Account$0 (some regions require $20,000)
  • • Raw spreads from 0.0 pips
  • • Commission $3 per side
Premium Account$20,000
  • • Up to 20% spread reduction
  • • Lower financing rates
Elite Trader Account$100,000+
  • • Up to 30% spread reduction
  • • Premium rates

Verification Steps

  • Time to open: 1-2 business days
  • Demo Account: Yes
  • Islamic Account: Yes
Open Account

OANDA's mobile trading apps have received 'Best in Class' honors in 2025 for their functionality and user experience. The OANDA Trade app provides a streamlined trading experience with advanced charting powered by TradingView, one-tap order execution, and real-time quotes. MT4 mobile is also available.

OANDA mobile app screenshot 1
OANDA mobile app screenshot 2

App Features

  • OANDA Trade mobile app (award-winning)
  • MT4 mobile app
  • TradingView charting integration
  • One-tap trading
  • Advanced charting tools
  • Real-time quotes
  • Price alerts
  • Customizable watchlists
  • Integrated news feed

OANDA offers its proprietary OANDA Trade platform (web and desktop), MetaTrader 4, and TradingView integration. The OANDA Trade platform features advanced charting powered by TradingView, risk management tools, and efficient execution. MT4 is available for automated trading with Expert Advisors. Autochartist pattern recognition is integrated.

OANDA desktop platform screenshot

Supported Platforms

  • OANDA Trade (Web/Desktop): OANDA's proprietary platform with TradingView charting.
  • MetaTrader 4 (MT4): Industry-standard platform with EA support.
  • TradingView Integration: Trade directly from TradingView charts.

Compare platform providers:

Best MT4 BrokersBest TradingView Brokers

OANDA focuses primarily on forex with 70+ currency pairs, plus indices, commodities, bonds, and metals. The broker does not offer individual stock CFDs. Cryptocurrency trading is available in select regions via Paxos partnership (US). Leverage varies by regulatory entity - up to 50:1 for US clients, 30:1 for UK/EU retail clients.

Available Instruments

0
Forex Pairs70
Indices16
Stocks0
Commodities8
Cryptos4

Leverage Limits

InstrumentMax Leverage
Forex50:1 (US NFA), 30:1 (UK/EU retail)
Indices20:1 (UK/EU retail)
StocksN/A
Crypto2:1 (where available)

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Frequently Asked Questions

Yes, OANDA is one of the safest brokers globally. It's regulated by 6 Tier-1 authorities including NFA/CFTC (US), FCA (UK), ASIC (Australia), CIRO (Canada), MAS (Singapore), and JFSA (Japan). The broker has operated since 1996 with 28+ years of clean regulatory history.

OANDA has no minimum deposit requirement for Standard accounts. You can start trading with any amount. Premium accounts require $20,000, and Elite accounts require $100,000+.

Standard accounts offer spreads from 0.6 pips with no commission. Core Pricing accounts offer raw spreads from 0.0 pips with a $3 per side ($6 round turn) commission. Premium/Elite accounts receive up to 30% spread reduction.

OANDA has no deposit fees, and withdrawals over $10,000 are free. Wire withdrawals under $10,000 incur a $20 fee. An inactivity fee of $10/month applies after 12 months of no trading activity.

Yes, OANDA is one of the few forex brokers available to US residents. It's regulated by the NFA and CFTC. US traders can access forex pairs and cryptocurrencies (via Paxos partnership).

OANDA offers its proprietary OANDA Trade platform (web/desktop/mobile), MetaTrader 4 with EA support, and TradingView integration for advanced charting. MT5 and cTrader are not available.

Yes, OANDA supports automated trading through MetaTrader 4 with Expert Advisors (EAs). The broker allows algorithmic trading and provides API access for developers.

Leverage varies by regulatory entity. US clients can access up to 50:1 on forex. UK/EU retail clients are limited to 30:1 on forex. Higher leverage may be available in other regions.

Yes, OANDA offers unlimited free demo accounts that mirror live market conditions. Demo accounts are perfect for practicing strategies without financial risk.

Cryptocurrency trading availability varies by region. In the US, OANDA offers crypto trading through a Paxos partnership. Other regions may have limited or no crypto options.
Sarah Chen

Sarah Chen

Fundamental Analysis • Macroeconomics • Currency Trends

Author of this review

Sarah brings 12 years of Wall Street experience, having worked as a senior currency analyst for top-tier hedge funds. Her expertise lies in fundamental analysis and macroeconomic trends affecting global currency markets. She heads our broker verification process.

Senior Financial Analyst — Everything you find on BrokerAnalysis is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback.

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