broker

OANDA Review 2022

Updated:
4.5
Trust
4.3
Fees
4.7
Platforms and Tools
4.7
Customer Support
4.2
Tradable Instruments
4.2
Account Types and Terms
4.9
Deposit and Withdrawal
3.5
Research
5.0
Education
5.0
While we adhere to strict editorial integrity, this page may refer to our partners' products. Here's how we make money.Learn how we make money and our review methodology.

Please note: In our review of OANDA, we focused on the services provided by OANDA Global Markets Ltd (www.oanda.com/bvi-en/), authorized and regulated by the British Virgin Islands Financial Services Commission. We conducted our tests using the MetaTrader 4 and MetaTrader 5 platforms. Some features and services may vary depending on where you reside.

The OANDA Group has multiple subsidiaries that are licensed to offer products to clients around the globe. The OANDA subsidiary with whom a client contract depends on their country of residence. Each subsidiary provides different products via different platforms, so clients will experience OANDA differently depending on their country of residence.
CFDs are not available in the United States and Spreadbetting only available in the UK.

The Big Picture

Founded in 1996, OANDA is a leading multinational broker offering trading in CFDs on forex, indices, commodities, bonds, and cryptocurrencies. Four platforms are available to clients: OANDA Trade web, OANDA Trade desktop, MetaTrader 4, and the OANDA mobile app. OANDA has 8 corporate entities across the globe and is overseen by multiple top-tier regional regulators.

Key Takeaways in 2022

  • We evaluated OANDA across nine categories (Trust/Stability, Fees, Tradable Instruments, Account Types, Deposit/Withdrawal, Research, Customer Support, Education, Platform/Tools).
  • OANDA excelled in the category of research with high-quality content from in-house analysts in article, video, and podcast formats. Third-party resources such as news from Dow Jones and analysis from Autochartist round out the offering.
  • Beginners can benefit from outstanding educational materials and demo accounts.
  • Advanced traders will appreciate the range of advanced platforms and can also take advantage of API access.

What Sets OANDA Apart from Other Brokers?

OANDA offers a larger range of trading platforms and tools than most brokers. Educational and research materials are also above average for the industry. OANDA is one of the most widely regulated brokers globally and one of only a small minority of forex and CFD brokers that offer their services in the United States.

What types of traders are a good fit for OANDA?

OANDA can cater well to both beginners and advanced traders. The OANDA Trade web platform is highly intuitive and a good fit for beginners. Experienced traders can benefit from the wide range of tools and research available. OANDA Global Markets has a professional account type available that allows for a higher level of leverage.

OANDA Pros and Cons

Pros Cons
  • Accepts US clients.
  • $0 minimum deposit.
  • Overseen by multiple top-tier regulators.
  • Strong research and educational materials.
  • Broad range of trading platforms and tools.
  • Reliable customer service.
  • No CFDs on shares.
  • Bank transfer withdrawal fees.
  • OANDA Trade web lacks 1-click trading and alerts.

 

broker

Your capital is at risk. Spreadbetting only available in UK.

 

About the Author

Dan Blystone
Dan Blystone began his career in the trading industry in 1998. He worked as an arb clerk on the floor of the Chicago Mercantile Exchange (CME), flashing orders into the currency futures pits.
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How Do We Rate?

When trading forex and CFDs, it is crucial to know a broker's strengths and weaknesses. That is why FX Empire developed its proprietary rating system. We put the knowledge and expertise of our reviewers to work to bring you the most suitable brokers. A total of 200 variables have been analyzed to help you choose your broker wisely. This chart describes all the categories we evaluated and rated.
How Do We Rate Chart
Visit our methodology page to learn more about our review and rating process.
OANDA Main Features
☑️
Regulations
FCA (United Kingdom), ASIC (Australia), CFTC (United States), IIROC (Canada), FSA(JP) (Japan), FSC (Belize), MAS (Singapore), MFSA (Malta)
🗺
Supported Languages
English, Spanish, German, Chinese
💰
Products (CFD)
Currencies, Commodities, Indices, Stocks, Crypto
💹
Max Leverage
1:30 (FCA), 1:30 (ASIC), 1:50 (CFTC), 1:45 (IIROC), 1:25 (FSA(JP)), 1:200 (FSC), 1:20 (MAS), 1:30 (MFSA)
🖥
Trading Desk Type
Market Maker
📊
Trading platforms
MT4, MT5, Oanda fxTrade
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Check if...
unknownOANDA accepts clients from your country:
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Your capital is at risk. Spreadbetting only available in UK.

OANDA Full Review

Trust

4.3
How Do We Test A Broker's Trust?
When choosing a broker, trustworthiness is one of the most important things to keep in mind. Always check the broker's regulations, know how financially secure the firm is, and find out whether the broker is transparent and reliable. These factors, calculated into our score, will help you understand if your money is safe.

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OANDA is one of the largest and oldest brokers in the forex industry and is overseen by 8 regulators across the globe. Clients of OANDA Global Markets Ltd benefit from segregated funds and leverage of up to 1:200. We found OANDA to be highly transparent in how it is regulated, client fees, and the company’s background.

OANDA FSC Certification

This section will cover how the different entities of OANDA are regulated and how this impacts you as a trader. We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust.

Why is it important to know where your broker subsidiary (entity) is regulated?

Different regulators provide different levels of protection. For example, OANDA clients in the United Kingdom benefit from the oversight of the Financial Conduct Authority (FCA). The FCA requires that clients have negative balance protection, which means they cannot lose more than their deposit.

In addition, when trading with a broker authorized by the FCA, client funds are also protected by the Financial Services Compensation Scheme (FSCS). The FSCS protects investments of up to £85,000 if a firm becomes insolvent. By contrast, a trader working with a broker entity regulated offshore would not necessarily have these benefits.

The table below breaks down the protections and benefits by entity, regulator, and region.

Entity OANDA Europe Ltd. OANDA Corporation OANDA Australia Pty Ltd. OANDA (Canada) Corporation ULC OANDA Asia Pacific Pte Ltd. OANDA Japan Co., Ltd. OANDA Europe Markets Ltd. OANDA Global Markets Ltd.
Country/Region UK US Australia Canada Singapore Japan Malta British Virgin Islands
Regulation FCA CFTC, NFA ASIC IIROC MAS FFAJ Malta FSA BVI FSA
Segregated Funds Yes Yes Yes Yes Yes Yes Yes Yes
Negative Balance Protection Yes No No No No No Yes No
Account Insurance Yes Yes No Yes No No Yes No
Standard Leverage 1:30 1:50 1:30 1:50 1:20 1:25 1:30 1:200

Regulatory requirements are subject to change. We gathered the data listed above in May 2022.

Stability and Transparency

In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focus on how long the broker has been in business, the size of the company, and how transparent they are in terms of information being readily available.

OANDA was founded in 1996, making it one of the oldest forex and CFD brokers. According to its LinkedIn page, the company is headquartered in New York and has 201-500 employees.

In our research, OANDA showed a good level of transparency in its regulatory status, with a listing of all regulators on the About Us page.

Charges are clearly outlined on the Fees page. The Terms of Use document can be found in the website’s footer.

OANDA’s history and senior management are covered in-depth on the About Us page. Overall, we rated OANDA as having a high level of transparency, better than average for the industry.

Fees

4.7
How Do We Test A Broker's Fees?
Broker fees can be difficult to understand. We test the broker's platforms and examine commissions, spreads, and overnight fees to ensure that you can determine if trading with this broker is worth your time and money.

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OANDA provides spreads that range from average to competitive. Swap fees and account-related fees are standard for the industry. An inactivity fee and a fee for withdrawals via bank wire are two that traders should be aware of.

Trading Fees

We tested the spreads at OANDA across different asset classes using the OANDA Trade web platform at 8 AM GMT and 2 PM GMT on July 20th, 2022. We made our tests at two different times to allow greater perspective. 8 AM GMT is the London open when there is a great deal of liquidity in the forex market and tighter spreads in currency pairs. 2 PM GMT is during the New York trading session.

Instrument Spread AM Spread PM
EUR/USD 1.3 Pips 1.2 Pips
GBP/JPY 2.6 Pips 2.2 Pips
Gold 40 Pips 48 Pips
Light Crude Oil 4 Pips 3 Pips
Dow 30 2 Pips 1.5 Pips
Dax 40 1.7 Pips 1.7 Pips

Swap Fees

Swap fees (the cost of holding a position overnight) were average at OANDA.

In the table below, you can see the Swap Long (the cost/credit of holding a buy position overnight) and the Swap Short (the cost/credit of maintaining a sell position overnight) for one full-sized contract. A full-sized contract is 100,000 units of the base currency (the first currency quoted in the pair). We recorded the data on May 27th.

Instrument Swap Long Swap Short
EUR/USD Charge of $3.18 Credit of $1.11
GBP/JPY Credit of $0.25 Charge of $2.44

Non-Trading Fees

OANDA Global Markets Ltd charges an inactivity fee of £10 per month for accounts that have been dormant for 12 months.

Are Fees at OANDA Competitive?

OANDA’s spreads range from average to competitive in some cases. Swap fees and non-trading fees are average for the industry. Overall, we rate OANDA’s fees as slightly better than average.

Platforms and Tools

4.7
How Do We Test A Broker's Platforms and Tools?
Platforms are where you trade, so they must be secure, fast, and accessible while offering you the tools you need to succeed. Each broker's desktop, web, and mobile platforms are evaluated according to the order types, speed of execution, ease of use, and other 'need to know' features.

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OANDA shines in this category, with a range of proprietary and third-party platforms available. Clients can choose between the OANDA Trade web platform, the OANDA Trade desktop platform, MetaTrader 4 and the OANDA mobile app. The selection is better than average for the industry.

Clients can choose between two desktop platforms (OANDA Trade Desktop and MetaTrader 4), the web-based OANDA Trade Web, and the OANDA mobile app for Android and iOS.

OANDA Trade Web Platform

OANDA Trade Web Platform

The OANDA Trade web-based platform is well designed and easy to navigate. It is also customizable, allowing you to change the layout to suit your preference. Multiple chart layouts are available, and traders can view up to 8 charts at once.

Charts

OANDA Trade web platform charts

Charting is provided by TradingView, which features over 100 indicators, over 50 drawing tools, 9 time frames, and 11 chart types. Users can also trade directly from the chart.

Orders

Order entry panel in the OANDA Trade web platform

The range of order types on the OANDA Trade web platform is impressive. Standard order types such as market, limit, and stop-loss are available. It is possible to set time in force conditions; you can set your limit of stop-loss order to expire after a set time, for example, 2 days or 1 week.

In addition, trailing stop-loss orders and guaranteed stop-loss orders (GSLO) are also available. GSLOs are similar to standard stop-loss orders, but they differ in that they guarantee to close your trade at a specified price for an additional fee. The fee varies based on the instrument traded and can be seen on the order window.

Alerts and 1-click trading are not available on the OANDA Trade web platform, but they are available on the OANDA mobile app. Overall, we rate this web platform as better than average for the industry, with a robust range of features and solid charting.

OANDA Trade Desktop Platform

OANDA Trade Desktop Platform

OANDA‘s desktop platform has the same strong range of order types as the web platform. Charting has 24 indicators, 9 drawing tools, 9 time frames, and 10 chart types. One of the most useful advantages of the charts is that you can adjust the candlesticks to bid, ask, and mid. This adjustment is not possible on the mobile application. 1-click trading and trading from the chart are available. Clients have the flexibility of trading sizes of just 1 unit.

The platform includes analytical tools designed to identify trading strengths and weaknesses using behavior patterns. The software uses the past six months of trading statistics and is available on live accounts only.

We rate the OANDA Trade desktop platform as powerful and feature-rich. However, the look and feel are a bit dated, and it is not as intuitive as the OANDA Trade web platform. The desktop platform is available in English, Spanish, Portuguese, French, Italian, German, Japanese, Chinese, and Russian.

MetaTrader 4 Desktop

MetaTrader 4 Desktop Platform

OANDA offers MetaTrader 4 for desktop, which includes advanced functions such as copy trading and automated trading.

MetaTrader 4 is available in 39 languages, from Arabic to Vietnamese. The platform provides popular features such as:

  • Alerts. This feature allows traders to be updated when an instrument reaches a specific price level. Alerts can be delivered via audio, email, or push notification to a mobile device.
  • Watchlists. Traders can set up a list of their favorite instruments and follow live quotes in a Market Watch panel.
  • 1-click trading. This feature allows traders to execute orders with a single click and no secondary confirmation. Being able to place a trade with a single click saves time and is especially useful for short-term traders.
  • Trading from the chart. MT4 also allows users the convenience of trading directly from the chart.

MetaTrader also delivers when it comes to the range of available order types. The platform offers the following order types:

  • Market Order. This is an order to buy or sell an instrument at the current best available price.
  • Limit Order. This is an order to buy or sell an instrument at a specified price or better.
  • Stop Loss Order. This is an order to buy or sell an instrument that is triggered when the price reaches a specified level.
  • Trailing-Stop Order. This is a stop-loss order that can be set at a defined percentage or dollar amount away from an instrument’s current market price. It is used to secure profits when you are in a winning trade, while not having to exit the position.

Charting features are robust. MetaTrader 4 offers:

  • 30 technical indicators. These include classic trend indicators, volume indicators, and oscillators.
  • 23 analytical objects. These include lines, channels, Gann, and Fibonacci tools.
  • 9 time frames Each instrument can be displayed in multiple time frames, from one minute to one month.
  • 3 chart types. Traders can choose between Bar Charts, Japanese Candlestick Charts, and Line Charts.

MetaTrader is also popular due to its copy trading and automated trading features.

  • Trading Signals. Signals in MetaTrader 4 allow users to copy other traders’ activity in real-time automatically.
  • Automated trading. MetaTrader 4 allows users to develop, test, and apply Expert Advisors (EAs). EAs are programs that monitor and trade markets using algorithms. They find opportunities according to set parameters and then either create a notification or automatically open a trade.

The MetaTrader 4 desktop platform is one of the most feature-rich and popular trading platforms globally. It does not have the most beautiful interface, and it does require some time and effort to learn, but that is typical of advanced platforms.

OANDA Mobile App

OANDA Mobile App

OANDA’s mobile app has an intuitive and user-friendly interface. The same range of standard and advanced order types seen on the web and desktop platforms are available on the app. The layout is customizable, so you can see your favorite instruments and adjust the size of charts to suit your preference.

The charting within the app is solid and has the following features:

  • 16 time frames, ranging from 5 seconds to one month.
  • 8 chart types, including Japanese candlesticks, Heikin Ashi, and OHLC (open-high-low-close).
  • 16 overlays, from Bollinger Bands to exponential moving averages.
  • 17 indicators, including MACD (moving average convergence/divergence) and RSI (relative strength index).
  • 13 drawing tools, from pivot points to Fibonacci retracements.

Unlike the web interface, 1-click trading and alerts are available via the app. Real-time news from Dow Jones and an economic calendar are also built-in. Two-factor authentication (2FA) is available to add an extra level of security when you sign in to OANDA’s trading platforms from either your computer or mobile device. If you need to top up your account on the go, it is possible to add funds via mobile.

The app is available in English, German, Japanese and Chinese.

Order Execution

OANDA acts as principal and not as an agent when executing client trades and acts as the sole execution venue. OANDA group companies look to the execution venues available to them for the pricing, hedging, and execution of orders.

Tradable Instruments

4.2
How Do We Test A Broker's Tradable Instruments?
In this section, we check the broker’s market offering and how varied the instruments and asset classes are. It will allow you to check if they offer what you're looking for and what you can trade.

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OANDA offers a strong range of forex, index, commodity, and bond CFDs. CFDs on cryptocurrencies and CFDs on shares are available in some regions. Overall, we rate the range of tradable instruments at OANDA as better than average

Tradable Instruments at OANDA

What are CFDs?

CFDs (Contract for Differences) are financial derivative products that allow traders to speculate in various markets without owning the underlying assets. Tradable instruments at OANDA Global Markets Ltd include the following assets:

  • 45 CFDs on Currency Pairs. A currency pair combines two different currencies, with the value of one currency quoted against the other. For example, EUR/USD, which reflects the value of the euro measured in dollars.
  • 19 Index CFDs. An index is a basket of trading instruments used to gauge a market sector, stocks within an exchange, or a country’s economy.
  • 10 Commodity CFDs. Commodities are raw products, such as gold, oil, and metals.
  • 228 CFDs on stocks. These include 50 CFDs on Spanish stocks, 100 CFDs on German stocks, 28 CFDs on Dutch stocks, and 50 CFDs on French stocks. A stock is a security that represents partial ownership of a corporation. Keep in mind that when trading stock CFDs you are speculating on the price of a stock without actually taking ownership of the underlying company.

In the tables below, you can see a selection highlighting the variety of instruments available at OANDA:

CFDs on Forex Major Pairs CFDs on Forex Minor Pairs
GBP/USD | USD/CHF | EUR/USD| USD/JPY | AUD/USD | USD/CAD | NZD/USD AUD/SGD | EUR/AUD | GBP/JPY
CFDs on Energies CFDs on Metals
Natural Gas | Brent Crude Oil | WTI Crude Oil Silver | Copper | Gold
CFDs on Indices CFDs on Stocks
Japan 225 | Germany 40 | India 50 Adidas | Hermes | Telefonica

Customer Support

4.2
How Do We Test A Broker's Customer Support?
Traders tend to underestimate customer support, but it might be a crucial feature in moments of crisis. In our rating, we check the contact methods available, how accessible a live agent is and how helpful the responses are. This information will allow you to know if a broker can provide full support when you need it.

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OANDA offers customer support 24/5 via live chat and phone. Support via email is 24/7. We received fast and helpful responses in our tests. We rate support at OANDA as better than average for the industry.

OANDA Live Chat Support

We tested customer support with a wide variety of queries, ranging from inactivity fees to the order types available. Chat support responded within seconds, and emails were typically responded to within one business day. Via phone, we also received good support from industry-savvy agents.

If you do not have a demo or live account, customer support via chat is harder to access, and it is necessary to navigate several questions from a chatbot. However, once you have an account and select chat from within the client portal, it typically takes only a short time to receive a response.

Customer Service Languages
Chinese | Spanish | English | German

Deposits & Withdrawals

3.5
How Do We Test A Broker's Deposit and Withdrawal?
The deposit or withdrawal process can be a tricky one. You may discover that there are hidden fees, or that withdrawal times are longer than you anticipated. We check these factors and others so you know what to expect when trading with this broker.

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Deposits and withdrawals at OANDA Global Markets Ltd can be made via bank transfer, credit card, and debit card. In some regions, clients can use alternative methods such as digital wallets. Processing times are relatively fast for the industry. While deposits are free, there is a fee for withdrawals via bank transfer.

OANDA Deposits and Withdrawals

The tables below break down the fees and processing times for each deposit and withdrawal method.

Deposits

Deposit Method Fees Processing Time
Credit and debit card 0 Immediate
Bank wire and bank transfer 0 One to three business days for domestic wire transfers. Up to five business days for international wire transfers.
Skrill 0 Up to 1 business day
Neteller 0 Up to 1 business day

Note: While OANDA does not charge deposit fees, you may be charged by your payment provider or bank when depositing funds into your account.

Withdrawals

Withdrawal Method Fees Processing Time
Credit and debit card 0 1 to 6 business days.
Bank wire transfer 20 1 to 5 business days
Skrill 0 Up to 1 business day
Neteller 0 Up to 1 business day

OANDA returns all funds to the same source. If, for instance, you deposited using a credit card, you would need to withdraw funds back to that same card.

Account Types and Terms

4.9
How Do We Test A Broker's Account Types and Terms?
In order to achieve your trading goals, you need to choose the right account. We evaluate each broker's account types, how easy it is to open an account with them, and the steps involved, so you can decide if it is worth your time to open an account.

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The account opening process at OANDA is fully digital and can be completed within a short time via the company website. OANDA Global Markets Ltd offers demo, standard and Islamic accounts.

Account Application

To open an individual account at OANDA Global Markets Ltd , prospective clients must provide their personal details, citizenship, home address, employment status. Finally, clients must verify their identity (passport, national ID card, or driving license) and address (bank statements, utility bill, or government-issued photo ID). Available base currencies are EUR, HKD, SGD, AUD, CHF, and USD.

Demo Accounts

OANDA offers demo accounts that clients can use across all of its platforms. Demo accounts are especially important for beginners as they allow them to practice their strategies and get comfortable with the trading platform without risking any real money.

The demo account features live quotes and simulates live market conditions in assets such as forex and CFDs on commodities, indices, and stocks. Once users have gotten up to speed on a demo account, they can easily switch to a live account.

Islamic Accounts

OANDA offers a swap-free Islamic account that adheres to the principles of Sharia law.

Leverage

One of the reasons traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account.

For example, OANDA Global Markets offers leverage of up to 1:200. This means you can control up to $200,000 in positions with a $1,000 account. Leverage is often described as a ‘double-edged sword’ as it can hurt you as much as it helps you. Traders must remember that it can amplify both their profits and their losses.

*OANDA does not accept new European clients at the moment.

Supported Countries

OANDA takes clients from the majority of countries globally. However, clients are not accepted from China, India, North Korea, and Iran.

Research

5.0
How Do We Test A Broker's Research?
Research options provided by brokers may not be seen as the most important feature for some traders, but they can give you an edge over the competition. Staying on top of important market news announcements and being aware of big themes can be very helpful. The rating system provides a clear picture of how well your broker fulfills this service.

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OANDA shines in the area of research, with industry-leading analysis available from the MarketPulse website and news from Dow Jones. A strong flow of frequently updated content is available in written, video, and podcast formats. OANDA also provides analysis from third-party provider Autochartist.

OANDA Research

OANDA’s news and research portal, MarketPulse.com, offers insightful analysis covering both fundamental and technical analysis across forex, indices, commodities, and cryptocurrencies. The Week Ahead articles keep traders abreast of upcoming economic events and what to expect. Other articles and videos are more technical, and traders can get ideas from chart patterns and support and resistance levels.

Dow Jones News Wire

OANDA clients can also stay informed with the Dow Jones FX Select news feed. This provides real-time news, data, and insights from a global team of business news reporters and editors. The feed can be accessed from OANDA’s web, desktop, and mobile platforms and is available in a variety of languages.

Education

5.0
How Do We Test A Broker's Education?
Educating yourself on how to trade the financial markets can make the difference between success and failure. We check the educational content provided by the broker, its quality and suitability for beginners and advanced traders.

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OANDA has an impressive range of educational offerings, from platform tutorials to live webinars with industry experts. The volume and quality of the materials are better than average for the industry.

OANDA Education

OANDA‘s educational resources include the basics, such as a demo account and platform tutorials. They also go further to offer a wide variety of educational articles, videos, and live webinars.

The education section is broken down into 4 categories.

  • Getting started. This section features content covering order types, charts, and trading terminology.
  • Tools and strategies. Fundamental and technical analysis concepts are explained in this section.
  • Capital Management. Here the focus is on how to protect and manage your funds using margin, leverage, and stop-loss orders.
  • Live and recorded webinars. These include topics such as risk management, Fibonacci, and platform tutorials.

While the quality of the content is good, the organization of materials could be improved, for example, by adding progress tracking.

The Bottom Line

OANDA is a pioneer in the world of forex and CFD trading, with over 25 years of experience.

Many regional entities of OANDA are overseen by top-tier regulators, making it one of the safer brokers. Fees are not rock bottom but, on balance, better than average for the industry. OANDA outshines most rivals in the area of platforms, with choices that can suit everyone from beginners to highly sophisticated traders. Research and educational materials are also better than average and can cater to various experience levels. Reliable customer support rounds out a good overall offering from this broker.

FAQ

Where is OANDA based?
OANDA Global Markets Ltd is based in the British Virgin Islands. The global headquarters of OANDA is in New York.

Is OANDA safe?
OANDA is overseen by multiple top-tier regulators, making it a relatively safe broker.

How does OANDA make money?
OANDA makes money from the bid/offer spread, swap fees, and miscellaneous account fees.

How do I deposit funds in an OANDA account?
Funds can be deposited via bank wire, credit card, Skrill and Neteller.

What is the minimum deposit for OANDA?
The minimum deposit at OANDA is $0.

How do I withdraw money from OANDA?
Clients can withdraw funds via bank transfer, credit card, Skrill and Neteller.

How long does it take to withdraw money from an account at OANDA?
Withdrawals via bank wire take 1 to 5 business days

How much is the maximum leverage at OANDA?
The maximum leverage at OANDA Global Markets Ltd is 1:200.

How can I open an account with OANDA?
An account can be opened via the website (www.oanda.com/bvi-en/).

What platforms does OANDA offer?
OANDA provides the OANDA Trade web platform, MetaTrader 4 and the OANDA Trade desktop platform.

What are the withdrawal fees at OANDA?
Withdrawals via credit card are free, and via bank wire, there is a fee of $20.

Is OANDA suitable for beginners?
With a demo account and good educational resources, we judge that OANDA is a suitable broker for beginners.

Does OANDA offer a demo account?
Yes, Oanda provides demo accounts for each of its platforms.

broker

Your capital is at risk. Spreadbetting only available in UK.

See OANDA Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
United States
Foundation Year
1996
Regulations
FCA (United Kingdom), ASIC (Australia), CFTC (United States), IIROC (Canada), FSA(JP) (Japan), FSC (Belize), MAS (Singapore), MFSA (Malta)
Publicly Traded
No
Number Of Employees
200+
Trading Desk Type
Market Maker
Trading platforms
MT4, MT5, Oanda fxTrade
Restricted Countries
Turkey, Barbados, Burkina Faso, Congo, Cuba, Ghana, Jamaica, Jordan, North Korea, Morocco, Nicaragua, Nigeria, Iran, Iraq, Democratic Republic of the Congo, Afghanistan, Cayman Islands, Senegal, Albania, Trinidad and Tobago, Somalia, Yemen, Botswana, Uganda, Syria, Cambodia, Vanuatu, Mauritius, Libya, Myanmar, Pakistan, Haiti, South Sudan, Sudan, Bahamas, Zimbabwe
Supported Languages
English, Spanish, German, Chinese
Max Leverage
1:30 (FCA), 1:30 (ASIC), 1:50 (CFTC), 1:45 (IIROC), 1:25 (FSA(JP)), 1:200 (FSC), 1:20 (MAS), 1:30 (MFSA)
Deposit Options
Wire Transfer, Credit Card, Skrill, Neteller, Debit Card
Withdrawal Options
Wire Transfer, Credit Card, Skrill, Neteller, Debit Card
Cryptocurrencies
Bitcoin Cash, Bitcoin, Litecoin, Ethereum
Products (CFD)
Currencies, Commodities, Indices, Stocks, Crypto
Demo Account
Yes
Islamic Account
Yes
Segregated Account
Yes
Managed Account
No
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