OANDA review
Regulation, trading conditions, fees, platforms and user experiences
Editorial review updated 26 August 2026 · Broker data checked 26 August 2026
- Editorial score
- 7.5/10How we scored OANDA
- User rating
- No user ratings yet
- Country
- United States
- Established
- Established 1996
- Website
- oanda.com
OANDA may have a commercial relationship with 88 Forex Brokers. Paid placement is labelled separately and does not allow payment alone to determine the editorial score.
OANDA is a forex and CFD broker associated with United States. This profile reviews its regulatory records, trading conditions, platforms, fees and available user reports.
OANDA sits below the standard we would recommend without reservation. Regulated by CFTC/NFA; FCA; ASIC; CIRO; MAS; JFSA and other regional regulators, offering OANDA Web, OANDA Mobile, MetaTrader 4, MetaTrader 5, TradingView. What follows is drawn from the broker's own published material and covers the things that decide the account you end up with: who oversees them, what trading actually costs, and where the compromises sit.
OANDA at a glance
- Broker name
- OANDA
- Established
- 1996
- Headquarters
- New York, United States
- Legal entities
- OANDA Corporation
- Regulatory status
- Regulated
- Minimum deposit
- $0
- Maximum leverage
- 1:50
- Trading platforms
- MetaTrader 4, MetaTrader 5, TradingView, Proprietary platform
- Markets offered
- Forex, Metals, Commodities, Indices, Shares, Cryptocurrency CFDs
- Account types
- Standard, Core Pricing, Premium/Professional, Corporate, Joint, Demo, availability varies by region
- Demo account
- Available
- Islamic account
- Region-dependent
- Customer support
- Live chat, email, phone, Help Portal, 24/5
- Official website
- oanda.com
Our view of OANDA
OANDA stands out for a CFTC/NFA licence, 30 years of operating history, raw spreads from 0.0 pips and a low minimum deposit of $0. The main issues to consider are an inactivity fee. Its suitability depends on the legal entity available in your country, the protection attached to that entity and whether its pricing and platform range match how you intend to trade.
Who OANDA may suit
OANDA may suit traders looking for a tier-one licence behind the account, raw spreads with a commission, a small first deposit and automated strategies.
Who should consider alternatives
Consider alternatives if you require an Islamic account and copy trading, stronger regulatory protection or account terms that are not available through your local entity.
What stands out
- Strong regulatory framework, no minimum deposit
What to consider
- Higher spreads compared to competitors
What traders report about OANDA
There are not enough eligible ratings to publish an aggregate user rating for OANDA.
- Open cases
- 0
- Broker responded
- 0
- Resolved
- 0
- Unresolved
- 0
Community metrics describe the published dataset and do not establish that every client will have the same experience.
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How OANDA scored
The editorial score is calculated from the broker information and assessment criteria described in our scoring methodology. It is separate from user ratings and sponsored placement.
Category scores may be unavailable where there is not enough reliable information. The overall score should not be treated as a guarantee of safety, performance or suitability.
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