OANDA is a well-established broker since 1996. OANDA has headquarters in United States, United Kingdom, Japan, British Virgin Islands, Malta, Singapore and Australia. OANDA to provide their Forex/CFD trading services to over 4 million clients.
This broker has also been regulated by CFTC/NFA 0325821, FCA (UK) 54257, FSA (Japan) 1571, FSC (BVI) SIBA/L/20/1130, Kanto Local Finance Bureau (Japan) 2137, MFSA 18.12.2020, MAS 200704926K and ASIC ABN 26 152 088 349 AFSL No. 412.
The OANDA Group has multiple subsidiaries that are licensed to offer products to clients around the globe. The OANDA client contract depends on their country of residence. Each subsidiary provides different products via different platforms, so clients will experience OANDA differently based on their address. CFDs are not available to residents in the United States.
|Client country||Investor protection amount||Regulator||Legal entity|
|UK||£85,000||Financial Conduct Authority (FCA)||OANDA Europe Ltd|
|EU||€20,000||Malta Financial Services Authority||OANDA Europe Markets Ltd|
|US||No protection||Commodity Trading Futures Commission and National Futures Association||OANDA Corporation|
|Canada||CAD 1,000,000||Investment Industry Regulatory Organization of Canada (IIROC)||OANDA (Canada) Corporation|
|Australia||No protection||Australian Securities and Investment Commission (ASIC)||OANDA Australia Pty Ltd|
|Singapore||No protection||Monetary Authority of Singapore (MAS)||OANDA Asia Pacific Pte Ltd|
|Japan||No protection||Financial Futures Association of Japan (FFAJ)||OANDA Japan Co., Ltd.|
|Other countries||No protection||British Virgin Islands Financial Services Commission||OANDA Global Markets Ltd|
💲 Min Deposit $0
⚖ Max Leverage 1:20
💡 Min Position 0.00001 lot
🌐 Website www.oanda.com
⌛ Year Established 1996
Traders looking for brokers with accurate precision, OANDA can be an option. That is because OANDA is a broker that provides quotes with 5-digit accuracy and active price movements that follow market developments. Order execution speed is also faster in this broker.
It provides benefits for novice traders, as they can trade with smaller volumes using the calculation system based on currency value, unlike other brokers adopting the lot system.
Founded in 1996, OANDA was built by Dr. Michael Stumm who is a lecturer in Computer Engineering at the University of Toronto, Canada, along with his colleague, Dr. Richard Olsen of The Olsen Ltd., which is one of the leading econometric research institutes. They have a head office in San Francisco, United States.
OANDA branch offices can be found everywhere. Some of these offices are located in the United Kingdom, Singapore, Japan, and Canada. With this number of offices spread, OANDA has increasingly attracted the attention of clients worldwide.
OANDA's company is registered under several well-known jurisdictions in financial trading. They are regulated by CFTC and NFA in the US, FCA in the UK, ASIC in Australia, and many others. Traders do not need to worry anymore about security when trading in OANDA. However, these advantages make trading rules at OANDA more stringent compared to other brokers.
For example, OANDA only allows maximum leverage of 1:20, because the rules in the US and Japan do not allow leverage above that. Besides, the registration procedure is more complex due to various additional requirements that are not submitted by other forex brokers. On top of that, hedging is not allowed in one trading account as the client must open an additional account to hedge.
Nevertheless, OANDA is known for being a leading broker with many advantages offered. OANDA faces increased market risk during periods of price volatility, such as economic and political news announcements. When market spreads increase or decrease, their pricing engine widens or narrows spreads accordingly. That way, traders can get the latest conditions from price movements in the market more quickly.
Prices move very fast in the market. Especially when news releases have a large impact on market volatility. This condition is often exploited by brokers to take advantage of clients with Requotes. However, traders do not need to worry about additional costs when trading with OANDA.
The company never withdraws Requotes so traders can get maximum profit. When traders are unavailable to monitor open positions, they can set take profit orders to lock in profits and Stop Loss orders to help protect against further losses.
As an experienced and well-known online forex broker, OANDA is committed to maintain an efficient trading environment that reduces latency and provid tools to help clients manage the degree of acceptable slippage.
With a fast & reliable trading platform by OANDA, clients' trades are executed in 0.012 seconds. This suits traders who choose brokers based on execution speed.
Because of this exceptional execution service, it is not surprising that OANDA won many awards, including the winner of the world's Best Retail FX Platform at the prestigious e-FX awards. The broker is also voted number 1 for Consistency of filling trades at quoted prices, Execution speed, and Reliability of platforms.
There is no minimum deposit or minimum balance required to open an OANDA account. Deposit and withdrawal can be done easily. OANDA provides a variety of payment method facilities, including Paypal, Wire Transfer, Credit Card, and Debit. Traders can adjust it to the region where they live.
OANDA provides more than 100 trading instruments, including 71 currency pairs, 16 indices, 8 commodities (Brent Crude Oil, Copper, Corn, Natural Gas, Soybeans, Sugar, etc.), 6 Bonds, and 23 Metals.
The fxTrade and MetaTrader platform are available at OANDA. These platforms can be used for Desktop and Mobile. Another plus is they have an OANDA Technical Analysis that exists in collaboration with a technical analysis provider called Autochartist.
With these platforms, clients can monitor price movements easier and automatically recognize patterns created on charts, as well as receive alerts when the awaited patterns appear. Access to this technology can be enjoyed free of charge.
In conclusion, OANDA is an ideal broker for traders in need of fast execution backed by many years of experience. The company is also a good alternative for those looking for a well-regulated broker with flexible trading and deposit conditions.
⌛ Year Established
🕋 Islamic Accounts available
🇺🇸 US traders are welcome
Top Quality Broker
Apart from the forex demo account, this broker offers OANDA. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by OANDA is up to 1: 20. Meanwhile, you can open an account with a starting capital of $0.
$-50/Mil commission for Core pricing
If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:
💲 Min Deposit $0
💡 Min Position 0.00001 lot
🔢 Spread Fixed
🤖 Expert Advisors
⚡ Automated trading
💸 Commission -$50/Mil commission for Core pricing
|Assets||Fee level||Fee terms|
|EURUSD||Low||The fees are built into the spread, 1 pip is the average spread cost during peak trading hours.|
|GBPUSD||Low||The fees are built into the spread, 1.5 pips is the average spread cost during peak trading hours.|
|S&P 500 CFD||Low||The fees are built into the spread, 0.3 points is the average spread cost during peak trading hours.|
|Inactivity fee||Low||£10 per month after one year of inactivity|
Besides lots of currency pair, OANDA also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for OANDA account, OANDA specifically provides it with the following instruments and leverage:
Gold & silver
|Deposit method||Minimum deposit||Average processing time||Fees|
|Credit Cards||None||Immediate||Your bank may charge you a fee|
|Debit Cards||None||Immediate||Your bank may charge you a fee|
|PayPal||None||Up to one business day. eCheques will take one business day after being cleared by PayPal.||A fee will be charged by PayPal when funds are deposited. Please contact PayPal for more information.|
|Internet banking via Faster Payments||None||One to two business days||Your bank may charge you a fee|
|BACS or internet banking via BACS||None||Two to three business days||Your bank may charge you a fee|
|CHAPS payment||None||One to two business days||Your bank may charge you a fee|
|SWIFT||None||Two to five business days||Your bank may charge you a fee|
|SEPA Credit Transfer||None||Two to five business days||Your bank may charge you a fee|
|Withdrawal option||Withdrawal fees|
|Domestic bank withdrawal||$20.0|
|International bank withdrawal||$20.0|
|Electronic wallet||PayPal is free for EUR, USD, and GBP currencies|
OANDA also provides payment with Visa, Mastercard card, Bank transfer and ACH deposits
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, OANDA offers you FxTrade App, MetaTrader 5, Oanda Platform and MetaTrader 4.
|Virtual Trading (Demo)||Yes|
|Desktop Platform (Windows)||Yes|
|Social Trading / Copy Trading||Yes|
|MetaTrader 4 (MT4)||Yes|
|MetaTrader 5 (MT5)||Yes|
|Charting - Indicators / Studies (Total)||81|
|Charting - Drawing Tools (Total)||431|
|Charting - Trade From Chart||Yes|
|Watchlists - Total Fields||6|
Research and Education
Do you have any question or find any trouble related to OANDA? If you do, you should reach OANDA's support to get the information that you need. Here is the detail of the broker's customer support:
FAQ About OANDA
A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if OANDA is a good broker for you or not by reviewing the criteria. In general, OANDA provides trading service in Forex , Gold & silver , CFD and Crypto . As for the payment methods, you can choose between Visa, Mastercard card, ACH deposits and Bank transfer. The customer support is available via Email, Live chat, Phone and Web form.
The starting capital in OANDA is $0.
OANDA is regulated by CFTC/NFA 0325821, FCA (UK) 54257, FSA (Japan) 1571, FSC (BVI) SIBA/L/20/1130, Kanto Local Finance Bureau (Japan) 2137, MFSA 18.12.2020, MAS 200704926K and ASIC ABN 26 152 088 349 AFSL No. 412. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.
OANDA is a brokerage company offering trading services for clients since 1996 with offices in United States, United Kingdom, Japan, British Virgin Islands, Malta, Singapore and Australia.
Feb 1 2023
Account Number: (5643xxx)
Apr 8 2022
Account Number: (24587xxx)
May 18 2022
Account Number: (64852xxx)
May 18 2022
Account Number: (66548xxx)
May 18 2022
Account Number: (63248xxx)
May 18 2022