- Great trading platforms
- Outstanding research tools
- Low trading fees
- Only FX and CFD available for most clients
- Lacking Customer Support
- Inactivity fee
OANDA has built a trusted reputation as an online trading platform with over 25 years of experience, offering a wide range of global financial instruments such as forex, commodities, cryptocurrencies, indices, and shares. Known for exceptional customer service, transparent pricing, and top-tier platforms, OANDA ensures traders experience fast and secure withdrawals and deposits. As a regulated broker across eight jurisdictions, OANDA guarantees a reliable trading environment.
OANDA enhances the trading experience with powerful tools like MetaTrader, TradingView, and mobile apps. The platform also offers competitive spreads on key instruments and a variety of account types, making it ideal for both beginner and professional traders.
OANDA Summary
| 🔎 Broker | 🥇 Oanda |
| 📌 Year Founded | 1996 |
| 👤 Amount of staff | Approximately 500 |
| 👥 Amount of active traders | Over 100,000 |
| 📍 Regulation and Security |
Very High |
| 🛡️ Regulation | ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC MAS, NFA |
| 1️⃣ Suited to Professionals | ✅Yes |
| 2️⃣ Suited to Active Traders | ✅Yes |
| 3️⃣ Suited to Beginners | ✅Yes |
| 🥰 Most Notable Benefit | Transparent pricing |
| 🥺 Most Notable Disadvantage | Limited research tools |
| ♒ Account Segregation | ✅Yes |
| ⭐ Negative Balance Protection | ✅Yes |
| 🚨 Investor Protection Schemes | ✅Yes |
| ↪️ Account Types and Features | Standard, Premium, Premium Plus |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 🪙 Minor account currencies | ✅Yes |
| 💰 Minimum Deposit | None |
| 💴 Trading Conditions | Variable spreads, competitive, commissions |
| ⏰ Average deposit processing time | Instant |
| ⏱️ Average withdrawal processing time | 1-3 business days |
| 💶 Fund Withdrawal Fee | None |
| 💵 Spreads from | 1.0 pips |
| 💷 Commissions | Low commissions on certain accounts |
| 💳 Number of base currencies | 80+ |
| 💸 Swap Fees | ✅Yes |
| 🏧 Leverage | Up to 50:1 for Forex, varies for other instruments |
| 🏦 Margin requirements | Varies by instrument |
| ☪️ Islamic account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| ⌛ Order Execution Time | Instant execution |
| 🖱️ VPS Hosting | Available for premium accounts |
| 🤖 Trading Instruments | Forex CFDs commodities indices |
| 📈 Total CFDs Offered | 200+ |
| 📉 CFD Stock Indices | ✅Yes |
| 🍎 CFD Commodities | ✅Yes |
| 📊 CFD Shares | ✅Yes |
| 💹 Deposit Options | Bank transfer credit/debit cards PayPal |
| 💱 Withdrawal Options | Bank transfer credit/debit cards |
| ↘️ Trading Platforms | MT5 OANDA Mobile TradingView |
| 🖥️ OS Compatibility | Windows Mac iOS Android |
| 💻 Forex trading tools | Trading calculators, economic calendar |
| 💌 Support Email | Contact Request |
| 🐦 Social Media | Twitter, Facebook, LinkedIn |
| 🗯️ Languages | Multiple |
| 🎓 Forex course | ✅Yes |
| ✏️ Webinars | ✅Yes |
| 📔 Educational Resources | Articles tutorials |
| 📚 Affiliate program | ✅Yes |
| 📒 Amount of partners | Varies |
| 📑 IB Program | ✅Yes |
| 🗃️ Sponsor events or teams |
✅Yes |
| 🗄️ Rebate program | ✅Yes |
Safety and Security
OANDA operates as a highly trusted broker with significant regulatory oversight from seven Tier-1 regulators, including reputable financial authorities such as the Australian Securities & Investment Commission (ASIC), the Financial Conduct Authority (FCA), and the Commodity Futures Trading Commission (CFTC). 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.
Minimum Deposit and Account Types
OANDA offers a range of account types to meet the needs of different traders, whether they are beginners or high-volume professionals. These accounts vary in spreads, commissions, and additional benefits.
OANDA provides Standard, Premium, and Premium Plus accounts, each with unique features to suit different trading styles and volumes. Premium accounts typically require a minimum deposit of USD 10,000, while the standard account remains accessible to all traders.
OANDA also supports traders with one-click trading and offers a variety of instruments, including forex, commodities, and indices.
Trading Platforms
OANDA offers a diverse set of trading platforms and tools to enhance the trader’s experience across various asset classes like forex, CFDs, and cryptocurrencies. It provides the highly customizable MetaTrader 5 (MT5), the popular TradingView, and its own OANDA Mobile App, each catering to different trading preferences.
With powerful charting features, one-click trading, and advanced risk management tools, these platforms allow traders seamless integration and access to all necessary resources for efficient trading. Whether you trade on the go, use advanced algorithms, or leverage detailed charting, OANDA meets all your needs with robust, professional tools.
Fees, Spreads, and Commissions
OANDA’s fee structure is transparent, and the broker is committed to providing competitive pricing with tight spreads, especially on major instruments like forex pairs and commodities. OANDA offers zero commissions on all accounts, making it an attractive option for traders looking to minimize their overall trading costs.
For the Standard account, spreads start from 0.6 pips on major instruments, while Premium and Premium Plus accounts offer even tighter spreads. The fee structure also includes volume-based rebates for high-volume traders, which further enhances the trading experience.
Deposit and Withdrawal
OANDA is a globally trusted online trading platform that offers forex, commodities, indices, metals, and other CFD products. With over 25 years of experience, OANDA is committed to providing powerful platforms, advanced trading tools, and transparent pricing to traders worldwide. The platform supports easy deposits and withdrawals, with a wide range of payment methods, including credit/debit cards, bank transfers, Skrill, and Neteller. OANDA also offers alternative payment methods in specific regions like Southeast Asia, Latin America, and Africa. 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.
