OANDA

Written by How we review

OANDA is a well-regarded, regulated forex broker offering broad access to major currency pairs through intuitive web and mobile trading platforms. It provides order execution, research, charting, and educational resources, with products and availability varying by region.
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Key facts

#19
Trust rank
1996
Founded
13
Licences
53
Countries accepted
HeadquartersCanada
Broker typeMarket Maker
RegulationASIC; BVI FSC; CFTC; CIRO; FCA; FFAJ; JFSA; JSDA
PlatformsMT4, Proprietary, TradingView
InstrumentsCommodities, Forex, Indices, Metals
Fee levellow

Updated

Pros

  • • Multi-jurisdiction top-tier regulation (CFTC/NFA, FCA, IIROC, ASIC, MAS)
  • • Accepts US clients
  • • No minimum deposit; flexible position sizing (1-unit trades)
  • • Core Pricing + Commission option
  • • Free REST/Streaming API; TradingView integration

    • Cons

  • • Higher average spreads than ECN brokers
  • • No MetaTrader 5 support
  • • No guaranteed stop-loss orders
  • • Inactivity fee after 12 months
  • • CFDs not available in the US

    • Key Features

  • • Forex and CFD Trading
  • • Top Tier Regulation
  • • MT4 and TradingView Platforms
  • • REST API and Algorithmic Trading
  • • Client Sentiment and Order Book Tools
  • • Flexible Unit Based Position Sizing

    • Similar Brokers

    Where This Broker Ranks

    How we review: We rate brokers on regulation, safety of client funds, trading costs, platforms and tools, execution, and reputation, using independent research and hands-on platform testing where possible. Partners cannot buy higher scores. This content is informational only, not investment advice.

    See our Methodology and Risk Disclosure for full details.

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    Frequently Asked Questions

    You can trade spot forex and a range of CFDs, including indices, commodities, metals, and bonds. Some regions also offer additional instruments. Availability depends on your legal residence and the entity that onboards you. Not all products suit every trader, and product features vary by region. Review product disclosures, margin requirements, and overnight financing before you trade. Check the platform for the full instrument list for your account. This is general information only.

    You get a proprietary web and mobile platform with charting, alerts, and risk controls. Desktop access is also available. the broker also connects to widely used third‐party platforms in some regions. Core tools include advanced order types, drawing tools, technical indicators, watchlists, and customizable layouts. You can use APIs for programmatic trading where enabled. Platform features and integrations vary by entity and region. Always test features in a demo environment before going live. This is general information only.

    Pricing uses variable spreads that change with market conditions. Some account types use a spread‐only model, while others combine spreads with a separate commission. Holding trades overnight may incur financing charges or credits. You may see conversion costs when your account currency differs from the instrument's quote currency. There can be an inactivity fee on dormant accounts, depending on region. Review your account's fee schedule in the platform or client portal. We do not provide advice; this is general information.

    You can deposit and withdraw via bank transfer, cards, and selected e‐wallets, subject to your region. Processing times, limits, and fees depend on the method and the onboarding entity. For security, withdrawals usually return to the original funding source, and the account name must match your trading account. Third‐party payments are not accepted. Currency conversion may apply if your base currency differs from the funding currency. Check your portal for supported methods and any costs. This is general information only.

    Orders fill at the best available price at the time of execution. In fast or illiquid markets, you may experience positive or negative slippage. You can place market, limit, stop, and trailing stop orders, and set time‐in‐force where supported. A stop loss helps manage downside but does not ensure a fill at the set price. Partial fills can occur. Trading conditions, including hedging and netting rules, vary by region. Understand how your account handles execution before you trade. This is general information only.

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