Official website Open account






  • Seminars and training
  • Daily analyst
  • Low initial deposit
  • Islamic accounts
  • Segregated accounts
  • Affiliate program
  • Wide selection of trading instruments




Overview of OANDA

OANDA, established in 1996, is a well-respected financial services technology corporation in the Forex brokerage industry. It has expanded its reach globally, with offices in major financial centers like the USA, Canada, UK, Germany, Japan, Singapore, Australia, and India, catering to clients from over 200 countries.

Regulatory Compliance and Safety

OANDA’s operations are rigorously regulated across various regions. In the USA, it’s authorized by the CFTC and a member of the NFA. The UK operations are controlled by the FCA, Australia by ASIC, Canada by IIROC, Singapore by MAS, and Japan by FFAJ. This regulatory framework aims to protect customers and ensure market transparency.

The safety of client funds is a top priority for OANDA. Funds are stored in segregated accounts in top-tier banks, safeguarding them and providing transparency. Additionally, OANDA implements robust security measures like SSL encryption and 2-Factor Authentication.

Trading Platforms and Tools

OANDA offers a variety of trading platforms to suit different trader preferences, including MT4, OANDA Desktop, Web, and Mobile platforms. These platforms are equipped with advanced charting features, risk management tools, and integration capabilities with third-party platforms like TradingView and MultiCharts.

Account Types and Trading Conditions

OANDA provides a single standard account type for all traders, ensuring a streamlined experience. However, clients with deposits of $50,000 or more receive individual pricing and narrower spreads. Additionally, they offer corporate and trust accounts, and their Advanced Trader program for high-volume traders.

Assets and Markets

OANDA’s trading portfolio includes over 100 instruments such as currency pairs, commodities, indices, bonds, and metals. The broker is known for its transparent pricing and competitive spreads.

Fees and Leverage

OANDA’s fee structure is notable for its low forex and CFD fees, with spreads being a primary cost component. The broker does not charge commissions on forex trades. However, an inactivity fee applies after a year of no trading activity. Leverage varies by region, with a maximum of 50:1 in the US and 30:1 in the EU.

Deposits and Withdrawals

OANDA supports various deposit and withdrawal methods, including credit/debit cards and bank transfers, with no deposit fees. Withdrawals via bank transfer incur a fee, but the first card withdrawal each month is free.

Customer Support and Educational Resources

OANDA offers robust customer support through phone, email, and live chat, available in multiple languages. They also provide extensive educational resources and market analysis tools for traders of all levels.

User Experience and Onboarding

OANDA’s platform is user-friendly, with a straightforward onboarding process. New traders will appreciate the intuitive layout and a variety of charting options. More experienced traders can take advantage of advanced features and personalized layouts.

Pros and Cons


  • Regulated by top-tier authorities.
  • Advanced trading platforms and tools.
  • Strong customer support.
  • No deposit fees and competitive spreads.


  • Limited cryptocurrency and commodity trading options.
  • Inactivity fees after 12 months without trading.


OANDA stands out as a reliable and reputable Forex broker, offering a blend of safety, advanced technology, and comprehensive trading services. While there are some limitations, its strengths in regulation, platform versatility, and customer support make it a compelling choice for Forex and CFD traders​​​​.