OANDA Review 2026
Established in 1996
•
United States
• CFTC Regulated
OANDA is a well-established broker with a solid 4.4/5 rating. Regulated by CFTC (highest protection tier), this broker offers spreads from 1.3 pips on EUR/USD with a minimum deposit of $0. Trade 120+ instruments including forex, CFDs, and more.
📊 OANDA Overview
OANDA (OANDA Corporation) is a well-established broker founded in 1996 headquartered in New York, United States. The broker operates under the supervision of CFTC , one of the world's most respected financial regulators known for strict oversight and investor protection .
With access to 120+ tradable instruments including 70 forex pairs , and various indices, OANDA caters to diverse trading strategies. The broker uses Market Maker execution .
| Legal Name | OANDA Corporation |
|---|---|
| Founded | 1996 |
| Headquarters |
New York, United States
|
| Primary Regulation | CFTC (Tier 1 - Highest Protection) |
| Instruments | 120+ assets |
| Min Deposit | $0 |
| Max Leverage | 1:50 |
📖 OANDA — In-Depth Introduction
OANDA, a veteran broker founded in 1996, has built an impressive track record spanning 30 years of continuous operation. OANDA's CFTC authorization subjects the broker to rigorous compliance requirements, regular audits, and strict capital adequacy rules—providing peace of mind for safety-conscious traders. OANDA focuses on accessibility, requiring just $100 to open a live account—making it suitable for beginners testing the waters.
Company Background
OANDA (legally OANDA Corporation) has been operating in the financial services industry for 30 years. Headquartered in New York, United States, the company has weathered multiple market cycles including the 2008 financial crisis and the 2020 pandemic volatility, demonstrating operational resilience.
The broker provides access to 120+ tradable instruments.
💸 OANDA Fees — Complete Cost Analysis
With 1.3 pip spreads on EUR/USD, OANDA offers middle-of-the-road pricing. Traders prioritizing other factors over rock-bottom costs will find these acceptable. OANDA operates on a spread-only model with no commission charges on standard accounts. This simplifies cost calculation—what you see in the spread is what you pay. To put this in perspective: trading 10 lots per month on EUR/USD at OANDA's 1.3 pip spread would cost approximately $130 in spread fees alone. Compare this to an industry-average broker at 1.0 pips, where the same volume would cost $100.
Trading Costs Breakdown
💡 Cost Calculator: OANDA
Non-Trading Fees
| Fee Type | OANDA | Industry Average |
|---|---|---|
| Deposit Fee | Free | Free - $25 |
| Withdrawal Fee | Free | $0 - $50 |
| Inactivity Fee | $10/month after 12 months | $10-50/month |
Want to compare fees with other brokers?
⚖️ Compare🛡️ Is OANDA Safe? — Complete Security Analysis
OANDA's 96/100 Trust Score places it among the safest brokers in our database. This score is calculated using 15+ safety factors including regulation, fund segregation, and company transparency. OANDA implements institutional-grade fund security: segregated accounts, regular third-party audits, and in some jurisdictions, investor compensation scheme coverage up to €20,000.
Regulatory Framework
OANDA is regulated by CFTC.
Security Features Checklist
Understanding the Trust Score
Our 96/100 Trust Score is calculated using 15+ safety factors including regulation, company history, financial transparency, and client fund protection.
📋 Methodology👤 Who Should Use OANDA?
✅ Best For
- Beginners will appreciate OANDA's low $100 minimum deposit, free demo account, and educational resources. The learning curve is manageable, making it suitable for those just starting their trading journey.
- Professional traders will appreciate OANDA's institutional-grade features: tight spreads, advanced platforms, API access, and high leverage options (where permitted).
❌ May Not Suit
- Those seeking the absolute lowest trading costs.
Looking for alternatives?
📝 The Bottom Line on OANDA
OANDA is a solid choice for most traders looking for reliability with a 4.4/5 rating.
📈 OANDA Detailed Scores
Our expert team evaluates brokers across 8 key categories. Here's how OANDA performed in our rigorous testing:
OANDA offers a solid trading experience with competitive conditions.
💰 OANDA Fees & Spreads
Understanding trading costs is crucial for profitability. OANDA uses a Variable spread model with no commission on standard accounts. The average EUR/USD spread is 1.3 pips .
📊 Typical Spreads
| Pair | Min | Average |
|---|---|---|
| EUR/USD | 1.0 | 1.3 pips |
| GBP/USD | 0.8 | 1.2 pips |
| USD/JPY | 0.6 | 1.0 pips |
| XAU/USD | 15 | 25 cents |
💳 Other Fees
| Commission (ECN) | No commission |
| Deposit Fee | Free |
| Withdrawal Fee | Free |
| Inactivity Fee | $10/month after 12 months |
| Swap-Free (Islamic) | Not available |
💡 Trading Cost Example
Trading 1 standard lot (100,000 units) of EUR/USD with OANDA:
- Spread Cost: 1.3 pips × $10/pip = $13.0
- Commission: $0
- Total Cost: $13.0 per lot
🛡️ OANDA Regulation & Safety
OANDA is regulated by CFTC, a Tier 1 - Highest Protection regulatory authority. This means the broker must adhere to the strictest financial regulations, including capital requirements, regular audits, and mandatory investor protection schemes.
📜 Regulatory Licenses
- CFTC
- NFA 0325821
- FCA 542574
- ASIC 412981
- IIROC
- MAS
🔒 Safety Features
- ✓ Segregated Client Funds
- ✓ Negative Balance Protection
- ✗ Investor Compensation
- — Publicly Traded
🎯 Trust Score: 96/100
High Trust: OANDA has demonstrated excellent regulatory compliance and safety standards.
🖥️ OANDA Trading Platforms
OANDA offers 4 trading platforms, giving traders flexibility in how they access the markets. Mobile apps are also available for iOS and Android.
MetaTrader 4
The world's most popular forex platform. Ideal for beginners and algo traders with Expert Advisor support.
- ✓ Expert Advisors (EAs)
- ✓ Custom Indicators
- ✓ One-Click Trading
- ✓ Mobile & Desktop
MetaTrader 5
Advanced multi-asset platform with more timeframes, order types, and improved backtesting.
- ✓ 21 Timeframes
- ✓ Depth of Market
- ✓ Economic Calendar
- ✓ Multi-Asset Support
TradingView
Popular charting platform with social features and extensive technical analysis tools.
- ✓ Social Trading
- ✓ Pine Script
- ✓ Cloud-Based
- ✓ Paper Trading
fxTrade
OANDA's custom-built trading platform designed specifically for their clients.
- ✓ Custom Features
- ✓ Integrated Tools
- ✓ Web-Based
- ✓ Mobile App
📋 Platform Comparison
| Feature | MT4 | MT5 | cTrader | fxTrade |
|---|---|---|---|---|
| Available | ✓ | ✓ | ✗ | ✓ |
| Copy Trading | ✗ | ✗ | ✗ | ✗ |
| Algo Trading | ✓ | ✓ | ✓ | ✓ |
| VPS Available | Not offered | |||
| API Access | ✓ Available | |||
🌐 OANDA Tradable Instruments
OANDA offers access to 120+ tradable instruments across multiple asset classes. This includes 70 forex pairs .
👤 OANDA Account Types
OANDA offers various account types to suit different trading needs and experience levels. Demo accounts are available for practice.
Practice with virtual funds
Not available
Not available
Not available
Not available
💳 OANDA Deposits & Withdrawals
OANDA requires a minimum deposit of $0 — one of the most accessible in the industry. Withdrawals are typically processed within 1-2 business days. The broker supports 5 base currencies.
📥 Deposit Methods
- 🏦 Bank Wire
- 💳 Credit Card
📤 Withdrawal Methods
- 💳Credit/Debit Cards
- 🏦Bank Wire Transfer
- 📱E-Wallets
💱 Supported Base Currencies
⚖️ OANDA Pros & Cons
✅ Pros
- Accepts US clients
- Founded 1996
- No minimum deposit
- Powerful API
❌ Cons
- Higher spreads than ECN
- Limited products
📚 OANDA Education & Research
OANDA provides educational resources to help traders improve their skills.
Available
Not available
Basic coverage
Available on trading platforms
🎧 OANDA Customer Support
OANDA offers customer support during 24/5.
⭐ OANDA User Reviews
📝 User reviews will be displayed here. Share your experience with OANDA!
Write a Review🏆 OANDA — Our Verdict
OANDA is a solid choice for most traders. With CFTC regulation, 1.3 pips EUR/USD spreads, and a $0 minimum deposit, this broker is particularly accessible for beginners .
Best for: Safety-focused traders , Beginners with limited capital
⚠️ Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
❓ OANDA — Frequently Asked Questions
Is OANDA a safe and regulated broker?
Yes, OANDA is regulated by CFTC, which is a Tier 1 - Highest Protection regulatory authority. The broker also holds licenses from 5 additional regulators. Client funds are kept in segregated accounts with negative balance protection.
What is the minimum deposit at OANDA?
The minimum deposit at OANDA is $0. This means you can start with any amount. This is considered low and accessible for beginners.
What trading platforms does OANDA offer?
OANDA offers the following trading platforms:
- MetaTrader 4 (MT4) — The most popular forex trading platform
- MetaTrader 5 (MT5) — Advanced multi-asset platform
- TradingView — Popular charting and analysis platform
- fxTrade — Custom-built trading solution
- Web Platform — Trade directly from your browser
- Mobile Apps — Available for iOS and Android
What are OANDA's spreads on EUR/USD?
OANDA offers EUR/USD spreads from 1.0 pips with an average of 1.3 pips. The broker uses Variable spreads.
How long do withdrawals take at OANDA?
Withdrawals at OANDA are typically processed within 1-2 business days.
Does OANDA offer a demo account?
Yes, OANDA offers free demo accounts with virtual funds so you can practice trading without risking real money. This is an excellent way to test the platform and develop your trading strategy.
What is OANDA's maximum leverage?
OANDA offers maximum leverage of 1:50. However, note that leverage limits vary by region due to regulatory requirements:
- EU/UK/Australia: Up to 1:30 for major forex pairs (retail)
- Professional traders: Higher leverage may be available upon qualification
- Other jurisdictions: Leverage up to 1:50 may be available
Higher leverage increases both potential profits and potential losses.
Can I use OANDA in ?
OANDA accepts traders from . The broker operates under CFTC regulation. Always verify current availability and applicable regulations on the broker's website.
Does OANDA offer Islamic (swap-free) accounts?
OANDA does not currently advertise Islamic accounts. If you require swap-free trading, we recommend contacting them directly or considering an alternative broker.
What instruments can I trade with OANDA?
OANDA offers access to 120+ tradable instruments:
- 70 Forex currency pairs
- 16 Index CFDs
- 8 Commodities
