OANDA Review
CONTENT
Oanda earns a reputation as a reliable broker by offering competitive spreads on 68 Forex pairs and providing access to 9 cryptocurrencies in the US. It boasts a 98 out of 100 Trust Score and complies fully with three tier-1 regulators – the industry’s highest standard.
Note: Cryptocurrencies are offered through Paxos. Paxos is a separate legal entity from OANDA.
🛡️Regulated by the NFA and CFTC.
🛡️3510 new traders chose this broker in the last 90 days.
🛡️Available for global Traders.
| Broker | Oanda |
| License and Regulation | 🇺🇸 NFA 🇺🇸 CFTC |
| Account Segregation | None |
| Negative Balance Protection | None |
| Investor Protection Schemes | None |
| Minimum Deposit | 0 USD |
| Withdrawal Fee | Third Party Fees may Apply |
| Variable Spreads from | 1.2 Pips |
| Commissions | 5 USD - Round turn per Lot |
| Swap Fees | Yes |
| Affiliate Program | Yes |
| IB Program | Yes |
| Rebate Program | Yes |
| Open an Account |  |
 | Minimum Deposit: $0 Regulated by: NFA, CFTC Crypto: Yes |
Overview
OANDA is a trusted, regulated broker with 25+ years of experience. It offers forex and crypto trading, transparent pricing, fast deposits and withdrawals, excellent customer service, and advanced platforms, making it ideal for both beginner and Elite traders worldwide.
Frequently Asked Questions
What instruments can I trade on OANDA?
OANDA offers various trading instruments, including forex and cryptocurrencies. This enables you to diversify your portfolio and access global markets.
How can I trade directly from TradingView with OANDA?
You can link your OANDA account with TradingView and place trades directly from the TradingView platform. Just create or log in to your TradingView account and choose OANDA as your preferred broker.
Our Insights
OANDA stands out for its advanced tools, competitive spreads, and top-tier platforms like MetaTrader and TradingView. Regulated and reliable, it’s ideal for beginners and pros seeking a secure, feature-rich trading experience with strong support and flexible account options.
| Minimum Deposit: $0 Regulated by: NFA, CFTC Crypto: Yes |
Advantages Over Competitors
OANDA has earned its reputation as a trusted and innovative broker by providing a range of advantages over competitors. OANDA stands out for its exceptional customer support, competitive spreads, and powerful trading tools. By offering a variety of account types and diverse instruments such as forex and cryptocurrencies*, OANDA caters to traders of all levels.
*Access to Cryptocurrencies are offered by Paxos, a separate legal entity from OANDA.
Frequently Asked Questions
How does OANDA’s integration with TradingView benefit traders?
OANDA’s seamless integration with TradingView allows traders to execute trades directly from the TradingView platform, making it easier to analyze the market and place trades from a single interface. This integration is a major advantage over competitors that may not offer such streamlined access.
What sets OANDA’s mobile app apart from competitors?
OANDA’s mobile app offers superfast execution, access to in-built TradingView charting, and a user-friendly interface. Compared to competitors, OANDA’s app is recognized for its high client satisfaction and offers a more intuitive and smooth trading experience on both iOS and Android devices.
Our Insights
OANDA’s combination of robust trading tools, competitive pricing, and top-tier customer service gives it a clear edge over many competitors in the market. Its integration with TradingView and access to powerful platforms like MetaTrader make trading more efficient.
| Minimum Deposit: $0 Regulated by: NFA, CFTC Crypto: Yes |
Safety and Security
OANDA’s parent, OANDA Group, operates as a highly trusted broker with significant regulatory oversight from seven Tier-1 regulators. OANDA commits to transparency and regulatory compliance across various jurisdictions, ensuring a secure trading environment for its clients. Although it is not publicly traded and does not operate as a bank, OANDA’s regulatory measures make it a highly secure choice for traders.
Frequently Asked Questions
What is OANDA’s Trust Score?
OANDA holds a Trust Score of 98 out of 99, which signifies its high level of trustworthiness and reliability. This score is based on the broker’s regulatory compliance, transparency, and operational practices, positioning OANDA as one of the most secure brokers in the industry.
Is OANDA at risk of financial instability?
OANDA’s regulation by Tier-1 financial authorities minimizes the risk of financial instability. While the broker is not publicly traded and does not operate a bank, its regulatory framework is designed to safeguard clients’ interests.
Our Insights
With oversight from CFTC and NFA, OANDA ensures that traders can trust its platform for secure and transparent trading. The absence of Tier 2 or Tier 3 regulation further strengthens its position as a low-risk broker.
| Minimum Deposit: $0 Regulated by: NFA, CFTC Crypto: Yes |
Minimum Deposit and Account Types
OANDA provides Standard and Elite trader accounts, each with unique features to suit different trading styles and volumes. OANDA also supports traders with one-click trading and offers a variety of instruments, including Forex. OANDA clients can trade Cryptocurrencies offered by Paxos Trust Company.
Frequently Asked Questions
What is the minimum deposit required to open an account with OANDA?
For the Standard account, there is no specific minimum deposit mentioned. For the Elite Trader, the minimum deposit is USD 10,000, is suited for high-volume traders and requires significantly higher trading volumes, with more stringent criteria for qualification.
How many account types does OANDA offer?
OANDA offers two main account types: Standard, Elite Trader. These account types differ in terms of spreads, commissions, available tools, and benefits, allowing traders to select the account that best suits their trading style.
Our Insights
OANDA provides a flexible range of accounts suitable for both beginners and experienced traders. While the Standard account is accessible to all, the Elite Trader account caters to more advanced traders with added benefits like rebates, dedicated support, and lower spreads.
| Minimum Deposit: $0 Regulated by: NFA, CFTC Crypto: Yes |
How to open an Oanda Account
The first step to opening an Oanda account is to click on the “Open trading account” button located on the webpage.
2. Step 2: Confirm Country of Residence
The applicant will be asked to confirm their country of residence to proceed.
3. Step 3: Complete the Registration
The applicant will be required to complete a registration form on the following sub-categories:
- Personal Details
- Citizenship
- Home Address
- Employment
- Identity Verification
Once these fields have been completed, the account holder can make a first deposit and start to trade.
| Minimum Deposit: $0 Regulated by: NFA, CFTC Crypto: Yes |
Trading Platforms and Tools
OANDA offers a diverse set of trading platforms and tools to enhance the trader’s experience. It provides the highly customizable MetaTrader 4, the popular TradingView, and its own OANDA Mobile App, each catering to different trading preferences.
| Platform | Access Type | Key Features | Ideal For |
| MetaTrader 4 | Desktop Mobile | Algorithmic trading Backtesting advanced tools | Advanced/automated traders |
| TradingView | Web Mobile | Pro charting social network real-time alerts | Technical/visual traders |
| OANDA Mobile App | iOS Android | Custom orders live charts fast execution | Traders on the go |
Frequently Asked Questions
Which platforms are available for trading with OANDA?
OANDA offers access to the OANDA Mobile App, MetaTrader 4 (MT4), and TradingView platforms. Each platform offers its unique features, such as advanced charting, customizable user interfaces, and various trading tools to enhance the trading experience.
Can I trade on TradingView with OANDA?
Yes, you can trade directly from TradingView with your OANDA account. This platform is known for its exceptional charting tools, financial community, and all-around analytics. It supports desktop, browser, and mobile versions, allowing traders to access a comprehensive trading suite.
Our Insights
OANDA offers a comprehensive suite of platforms designed to cater to all types of traders. Whether you’re a beginner using the OANDA Mobile App or an advanced trader seeking the power of MetaTrader 4 or TradingView, OANDA’s platforms provide flexibility, superior charting tools, and efficient trade execution.
| Minimum Deposit: $0 Regulated by: NFA, CFTC Crypto: Yes |
Fees, Spreads, and Commissions
OANDA’s fee structure is transparent, and the broker is committed to providing competitive pricing with tight spreads. For the Standard account, spreads start from 1.2 pips on major instruments, while Elite Trader accounts offer even tighter spreads. The fee structure also includes volume-based rebates for high-volume traders, which further enhances the trading experience.
Frequently Asked Questions
What are the spreads like on OANDA accounts?
Spreads on OANDA accounts are highly competitive. On the Standard account, spreads start from 0.6 pips on major instruments.
Are there any additional charges for high-volume traders?
For high-volume traders, OANDA offers volume-based rebates.
Our Insights
With transparent pricing and volume-based rebates for high-volume traders, OANDA ensures that both retail and professional traders can benefit from cost-effective trading conditions. Whether you’re a beginner or a high-volume trader, OANDA’s pricing structure remains one of the most competitive in the industry.
| Minimum Deposit: $0 Regulated by: NFA, CFTC Crypto: Yes |
Deposit and Withdrawal
The platform supports easy deposits and withdrawals, with a wide range of payment methods, including debit cards and bank transfers. Whether you’re a seasoned trader or a beginner, OANDA’s demo account and educational resources are available to guide you through your trading journey.
Frequently Asked Questions
What deposit methods are available on OANDA?
OANDA supports a variety of deposit methods, including debit cards (MasterCard, Visa) and bank transfers.
How do I withdraw funds from my OANDA account?
Withdrawals from your OANDA account are processed back to the original deposit method. For example, if you funded your account using a debit card, the withdrawal must go back to the same card. If multiple deposit methods were used, withdrawals are processed in a specific order: first debit cards, and then bank transfers.
Our Insights
It has an extensive range of deposit and withdrawal options. With transparent pricing, powerful trading platforms, and educational resources, OANDA is an excellent choice for both beginners and experienced traders alike.
Pros and Cons
| Pros | Cons |
| Great trading platforms | Only Forex |
| Outstanding research tools | Lacking Customer Support |
| Low trading fees | Inactivity fee |
OANDA U.S. Regulatory Status and Risk Disclosures
OANDA Corporation is regulated by the CFTC/NFA. OANDA is a member Firm of the NFA (Member ID: 0325821). CFDs are not available to residents in the United States.
OANDA CORPORATION IS A MEMBER OF NFA AND IS SUBJECT TO NFA’S REGULATORY OVERSIGHT AND EXAMINATIONS. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS, OR MARKETS
Trading in digital assets, including cryptocurrencies, is especially risky and is only for individuals with a high risk tolerance and the financial ability to sustain losses. OANDA Corporation is not party to any transactions in digital assets and does not custody digital assets on your behalf. All digital asset transactions occur on the Paxos Trust Company exchange. Any positions in digital assets are custodied solely with Paxos and held in an account in your name outside of OANDA Corporation. Digital assets held with Paxos are not protected by SIPC. Paxos is not an NFA member and is not subject to the NFA’s regulatory oversight and examinations.
Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks.
In Conclusion
OANDA is a well-established and reliable online trading broker with over 25 years in the industry. They offer competitive spreads on forex. OANDA customers can also trade cryptocurrencies offered by Paxos.
Faq
Yes, OANDA is considered a safe broker, especially for beginners. It is regulated by top-tier authorities like the CFTC and NFA in the U.S., has over 25 years of experience, and maintains a high Trust Score of 98/99.
Absolutely. OANDA’s mobile app is available on both iOS and Android and offers one-click trading, real-time charts, and access to all major instruments. It’s beginner-friendly while offering features professionals appreciate.
Opening an OANDA account is simple. Just click the “Open trading account” button, confirm your country, and fill in details like personal info and ID verification. Once approved, you can fund your account and start trading.
OANDA supports MetaTrader 4, TradingView, and its own OANDA Mobile App. These platforms offer a range of features, including advanced charting, algorithmic trading, and fast execution, suitable for both beginners and experienced traders.
Yes, OANDA offers a free demo account that allows users to practice trading in real market conditions using virtual funds. It’s a great way to build confidence before trading with real money.
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