Online Trading Starts Here
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6.8/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum deposit:
  • No minimum
Trading platform:
  • MetaTrader4
Regulation:
  • FSC (BVI)
  • ASIC
  • IIROC
  • FCA
  • CFTC
  • NFA
Foundation date:
  • 1997
435
users picked this broker in 3 months
Ranked #3 among the Best Forex brokers of United States
flag
OANDA is available in

Our Evaluation of OANDA

6.8/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Traders Union icon

OANDA is a moderate-risk broker with the TU Overall Score of 6.8 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by OANDA clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.

OANDA is the optimal broker for experienced traders and professionals. However, it should be noted that the broker focuses primarily on English-speaking clients.

Brief Look at OANDA

The name OANDA is an acronym for “Olsen & Associates” or “Olsen AND Associates”. It is registered in the United States and provides its clients with a wide range of financial services in most countries of the world. The company was founded in 1996 and is currently regulated in four jurisdictions. The main regulator of the broker is the UK Financial Conduct Authority (FCA). Oanda Canada is licensed by IIROC. The company has several significant awards to its credit, including a victory in the category "Best Forex Trading Technologies" from the UK Forex Awards, "Best Trading Platform" from FX Week, as well as "Best Customer Service" from the US Foreign Exchange Report.

Advantages of trading with OANDA:
  • Minimum deposit from 1 dollar.
  • A large selection of the most popular trading instruments.
  • Several reliable and reputable financial regulators.
Disadvantages of OANDA:
  • Inconvenient and poorly functioning site.
  • Lack of cent accounts.
  • Lack of bonus programs.

TU Expert Advice

Anton Kharitonov

Financial expert and analyst at Traders Union

The OANDA broker has substantial experience in the Forex market. The company has managed to earn a reputation as a reliable broker who provides its clients with decent trading conditions. The company has only two types of accounts, as well as the ability to open a demo account for novice traders. It does not have cent accounts.

OANDA offers a wide range of trading instruments as well as three trading platforms (MetaTrader 4, WebTerminal MT4, MT5).

The broker's website can hardly be called convenient and functional, which creates some inconvenience for clients.

Trade with this broker, if:
  • You value transparency as Oanda provides transparent pricing and execution, minimizing hidden fees and potential conflicts of interest. This transparency can help traders make informed decisions and manage their trading costs effectively.
  • You prefer a regulated broker as Oanda is regulated by multiple reputable authorities, including the US Commodity Futures Trading Commission (CFTC), the Financial Conduct Authority (FCA) in the UK, and the Australian Securities and Investments Commission (ASIC).
Do not trade with this broker, if:
  • You have high leverage requirements as Oanda offers a maximum leverage of 1:200, which may not meet the high leverage requirements of some traders. If you require higher leverage for your trading strategy, you may need to consider alternative brokers that offer such options.
  • You are looking for bonus programmes as Oanda does not offer bonus programs, which may be a consideration for traders who seek promotional incentives or additional earning sources as part of their trading experience.

OANDA Trading Conditions

Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

💻 Trading platform: MetaTrader 4, WebTerminal MT4, MT5, fxTrade
📊 Accounts: Standard, Core, Swap-free, Premium, Premium Core
💰 Account currency: USD, EUR, HKD, SGD
💵 Deposit / Withdrawal: Visa, Mastercard, Skrill, Neteller and various Alternate Payment Methods
🚀 Minimum deposit: No
⚖️ Leverage: Up to 1:200
💼 PAMM-accounts: No
📈️ Min Order: 0,01 lot
💱 EUR/USD spread: 0,15 pips
🔧 Instruments: FX, Indices, Bullion, Commodities, Crypto
💹 Margin Call / Stop Out: Stop Out - 50%
🏛 Liquidity provider: J.P. Morgan, Deutsche Bank AG, Royal Bank of Canada
📱 Mobile trading: Yes
➕ Affiliate program: Yes
📋 Order execution: Market Execution
⭐ Trading features: Advisors; Availability of a demo account; A large number of training materials.
🎁 Contests and bonuses: No

The OANDA broker provides relatively favorable conditions to its clients. The minimum deposit for a Standard account is $0 and for a Core account it’s $40. The spread size depends on the specific trading instrument (for currency pairs - the minimum is 0 pips (percentage in points). The minimum trade volume is 0.01 lot for all types of accounts. Leverage depends on the specific trading instrument, and the maximum value is 1:200.

OANDA Key Parameters Evaluation

Video Review of OANDA

User Satisfaction i

Score:
8.2/10

Share your experience

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Pro TJ Kitt
18 weeks ago
Location US Fresno

overall gd

not interested to tell

The conditions at OANDA are average, so I can give this broker a decent rating.

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niaazhossain100
3 weeks ago

The Oanda platform offers a solid range of instruments, including currency pairs, cryptocurrencies, metals, indices, and commodities. The minimum order size starts from 0.01 lots, and spreads for major pairs begin at 0 pips. These are favorable conditions for traders using intraday or scalping strategies.

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shubhansh.st
8 weeks ago

When choosing a broker, I paid close attention to leverage. OANDA offers up to 1:200, which provides enough flexibility for active trading. You can trade on MetaTrader 4, 5, as well as the proprietary fxTrade platform. The stop-out level is fixed at 50%, which is in line with industry standards.

Responses to a comment
Yuyad778 to shubhansh.st
6 weeks ago

An interesting point about the stop-out — indeed, 50% is common among most regulated brokers. As for leverage, I agree that 1:200 is sufficient for active trading, especially if you're using strategies with moderate risk. In my opinion, fxTrade falls a bit short in terms of visualization compared to MT4/MT5, but it’s stable and fast. It's definitely convenient to have access to all three platforms — it provides flexibility depending on your needs.

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ijak
28 weeks ago

I recently started trading with OANDA because the $1 minimum deposit seemed like a good option for a beginner. However, as soon as I signed up and started to familiarize myself with the site, I noticed that it wasn't the most practical or functional. For a beginner like me, the interface seems a little complicated: it's hard to quickly find the sections you need, and some functions take a while to understand. Perhaps for experienced traders, this won't be a problem and they'll feel like fish in water, but for beginners, the adaptation process may take longer.
In general, it's possible to get started here, but I hope the user-friendliness will be improved to make trading more comfortable.

J'ai récemment commencé à trader avec OANDA parce que le dépôt minimum de 1$ semblait être une bonne option pour un débutant. Il s'agit d'une opportunité idéale pour essayer le trading sans investissements et risques importants, ce qui m'a immédiatement attiré.
Cependant, dès que je me suis inscrit et que j'ai commencé à me familiariser avec le site, j'ai remarqué qu'il n'était pas des plus pratiques et des plus fonctionnels. Pour un débutant comme moi, l'interface semble un peu compliquée : il est difficile de trouver rapidement les sections nécessaires, et certaines fonctions prennent du temps à comprendre. Peut-être que pour les traders expérimentés, cela ne posera pas de problème et qu'ils se sentiront comme des poissons dans l'eau, mais pour les débutants, le processus d'adaptation peut prendre plus de temps.
En général, il est possible de commencer ici, mais j'espère que la convivialité sera améliorée pour rendre le trading plus confortable.

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tum_than
29 weeks ago

OANDA is a reputable broker offering a wide range of trading instruments, including currency pairs, indices, metals and commodities. For beginners, the $1 minimum deposit is attractive, allowing you to start trading with minimal risk. For example, I tried trading the popular EUR/USD currency pair, where spreads remain fairly narrow even during periods of high volatility. Transaction execution was fast, with no slippage, but the platform's interface could be more user-friendly. Some functions, such as chart analysis or instrument search, seem a little more complicated than with other brokers. This may be a drawback for beginners, but for experienced traders, OANDA remains a reliable and functional choice.

OANDA est un courtier réputé qui propose une large gamme d'instruments de trading, notamment des paires de devises, des indices, des métaux et des matières premières. Pour les débutants, le dépôt minimum de 1 $ est attractif, ce qui vous permet de commencer à trader avec des risques minimes.
Par exemple, j'ai essayé de trader la paire de devises EUR/USD, très populaire, où les spreads restent assez étroits même pendant les périodes de forte volatilité. L'exécution des transactions a été rapide, sans slippage.
Cependant, l'interface de la plateforme pourrait être plus conviviale. Certaines fonctions, telles que l'analyse graphique ou la recherche d'instruments, semblent un peu plus compliquées que chez d'autres courtiers. Cela peut être un inconvénient pour les débutants, mais pour les traders expérimentés, OANDA reste un choix fiable et fonctionnel.

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zafrul
1 year ago

I can describe OANDA as one of the most proper brokers on the currency market. It works quickly, there are no failures, and no market movements have a significant impact on it. I'm safe here.

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dilhara
1 year ago

OANDA is a good company and I plan to continue trading with them. I started with a demo account and then switched to a live one with a small deposit. OANDA successfully passed my tests in trading and withdrawals. I easily withdraw profits to my bank card.

Score:
6.18/10

Trading Account Opening

To start trading with OANDA and receive compensation using the Traders Union rebate service, you need to do the following:

1

Register on the Traders Union website, then use the affiliate link and go to the broker's website. Then press the "Start Trading" or "Create Account" button.

OANDA personal account – opening an account
OANDA personal account – opening an account
OANDA personal account – opening an account
2

Complete registration. To do this, you must specify your country of residence, first and last name (in Latin), email address, username, create a password, indicate the address of residence and phone number.

OANDA personal account – customer profile
OANDA personal account – customer profile
3

Also in your personal account, the following functions will be available to you:

1. Trading account balance: OANDA personal account – Account balance
OANDA personal account – Account balance
2. Access to the trading platform directly from your personal account: OANDA personal account –Trading platform
OANDA personal account –Trading platform
1. Trading account balance: OANDA personal account – Account balance
OANDA personal account – Account balance
2. Access to the trading platform directly from your personal account: OANDA personal account –Trading platform
OANDA personal account –Trading platform

Also, other useful functions will be available in the personal account:

  • Account settings.

  • Account management.

  • Regulations and rules for the broker.

  • Technical support and assistance of a personal manager

Score:
We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria
10/10

Regulation and safety

OANDA has a safety score of 10/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Advantages
  • Tier-1 regulated
  • Negative balance protection
  • Regulated in the UK
  • Track record over 28 years
Disadvantages
  • Strict requirements and extensive documentation to open an account

OANDA Regulators and Investor Protection

Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level
FCA UK FCA UK Financial Conduct Authority United Kingdom Up to £85,000 Tier-1
BVI FSC BVI FSC British Virgin Islands Financial Services Commission British Virgin Islands No specific fund Tier-2
ASIC ASIC Australian Securities and Investments Commission Australia No specific fund but has stringent consumer protection Tier-1
NFA NFA National Futures Association United States No specific fund Tier-1
CFTC CFTC Commodity Futures Trading Commission United States No specific fund Tier-1
CIRO CIRO Investment Industry Regulatory Organization of Canada Canada CAD 1,000,000 Tier-1
MAS MAS Monetary Authority of Singapore Singapore No specific fund Tier-1
FFAJ FFAJ Financial Futures Association of Japan Japan No specific fund Tier-1

OANDA Security Factors

Foundation date 1997
Negative balance protection Yes
Verification (KYC) Yes
Score:
We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria
8/10

Commissions and fees

The trading and non-trading commissions of broker OANDA have been analyzed and rated as Low with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and FOREX.com, to provide the most comprehensive information.

Advantages
  • Low Forex trading fees
  • Tight EUR/USD market spread
  • No inactivity fee
  • No deposit fee
  • No withdrawal fee
Disadvantages
  • Complex fee structure

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of OANDA with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, OANDA’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

OANDA Standard spreads

OANDA Pepperstone FOREX.com
EUR/USD min, pips 0,1 0,5 0,7
EUR/USD max, pips 0,5 1,5 1,2
GPB/USD min, pips 0,1 0,4 0,9
GPB/USD max, pips 0,5 1,4 1,4

RAW/ECN Account Commission And Spread

The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.

OANDA RAW/ECN spreads

OANDA Pepperstone FOREX.com
Commission ($ per lot) 3,5 3 5
EUR/USD avg spread 0,15 0,1 0,2
GBP/USD avg spread 0,2 0,15 0,4

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with OANDA. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

OANDA Non-Trading Fees

OANDA Pepperstone FOREX.com
Deposit fee, % 0 0 0
Withdrawal fee, % 0 0 0
Withdrawal fee, USD 0-15 0 0
Inactivity fee ($, per month) 0 0 15
Score:
7.89/10

Account types

OANDA has two types of accounts. The Standard account is more suitable for a novice trader and the Premium account is for experienced professionals. The main differences are in the amount of the minimum deposit and the availability of additional services.

 Account types:

Account Type
Description
Standard
an account with a minimum deposit of $1. Spread type - floating, minimum spread for currency pairs is 1.1 pips. Stop Out level is 50%. Suitable for newcomers.
Premium
an account with a minimum deposit of 20 000$. Spread type - floating, minimum spread for currency pairs is 0.8 pips. Stop-out level is 50%. High volume traders.
Core
an account with a minimum deposit of $1. Spread type - floating, minimum spread for currency pairs is 0,2 pips. Stop-out level is 50%. Suitable for newcomers.
Swap-free
Spread type - floating, minimum spread for currency pairs is 1,6 pips. Stop-out level is 50%. Suitable for Traders who do not wish to pay or receive interest on their accounts.
Premium Core
an account with a minimum deposit of $ 20 000. Spread type - floating, minimum spread for currency pairs is 0.2 pips. Stop-out level is 50%. High volume traders.

Also, the broker provides the opportunity to open a demo account so that the trader can test the trading conditions and learn the trading platform.

OANDA is a broker that is focused on experienced traders.

Learn More about How to Open Oanda Account

Score:
This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology
5.95/10

Deposit and withdrawal

OANDA received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.

OANDA provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.

Advantages
  • Minimum deposit below industry average
  • Bank card deposits and withdrawals
  • No withdrawal fee
  • Bank wire transfers available
Disadvantages
  • Only major base currencies available
  • Limited deposit and withdrawal flexibility, leading to higher costs
  • USDT payments not accepted

What are OANDA deposit and withdrawal options?

OANDA provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, PayPal, Neteller, BTC.

OANDA Deposit and Withdrawal Methods vs Competitors

OANDA Plus500 Pepperstone
Bank Wire Yes Yes Yes
Bank card Yes Yes Yes
PayPal Yes Yes Yes
Wise No No No
BTC Yes No No

What are OANDA base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. OANDA supports the following base account currencies:

What are OANDA's minimum deposit and withdrawal amounts?

The minimum deposit on OANDA is $0, while the minimum withdrawal amount is $0. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact OANDA’s support team.

Score:
The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change.
6.75/10

Markets and tradable assets

OANDA offers a limited selection of trading assets compared to the market average. The platform supports 129 assets in total, including 68 Forex pairs.

Advantages
  • Copy trading platform
  • Passive income with bonds
  • Indices trading
Disadvantages
  • Limited asset selection
  • No ETFs

Supported markets vs top competitors

We have compared the range of assets and markets supported by OANDA with its competitors, making it easier for you to find the perfect fit.

OANDA Plus500 Pepperstone
Currency pairs 68 60 90
Total tradable assets 129 2800 1200
Stocks Yes Yes Yes
Commodity futures Yes Yes Yes
Crypto Yes Yes Yes
Stock indices Yes Yes Yes
Options No Yes No

Investment options

We also explored the trading assets and products OANDA offers for beginner traders and investors who prefer not to engage in active trading.

OANDA Plus500 Pepperstone
Bonds Yes No No
ETFs No Yes Yes
Copy trading Yes No Yes
PAMM investing No No Yes
Managed accounts No No No
Score:
This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles.
9.3/10

Trading platforms & tools

OANDA received a score of 9.3/10, indicating a strong offering in terms of trading platforms and tools. The broker provides broad access to popular platforms and supports a variety of features designed to enhance both manual and automated trading.

Advantages
  • Free VPS for uninterrupted trading
  • One-click trading
  • Strategy (EA) Builder is available
  • Trading bots (EAs) allowed
Disadvantages
  • No access to cTrader and its advanced tools.

Supported trading platforms

OANDA supports the following trading platforms: MT4, MT5, TradingView, Proprietary platform, WebTrader. This selection covers the basic needs of most retail traders. We also compared OANDA’s platform availability with that of top competitors to assess its relative market position.

OANDA Plus500 Pepperstone
MT4 Yes No Yes
MT5 Yes No Yes
cTrader No No Yes
TradingView Yes Yes Yes
Proprietary platform Yes Yes Yes
NinjaTrader No No No
WebTrader Yes Yes Yes

Key OANDA’s trading platform features

We also evaluated whether OANDA offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.

Supported features

2FA Yes
Alerts Yes
Trading bots (EAs) Yes
One-click trading Yes
Scalping Yes
Supported indicators 30
Tradable assets 129

Additional trading tools

OANDA offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.

OANDA trading tools vs competitors

OANDA Plus500 Pepperstone
Trading Central No No No
API Yes No Yes
Free VPS Yes No Yes
Strategy (EA) builder Yes No Yes
Autochartist Yes No Yes
Score:
This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones.
7.7/10

Mobile apps

OANDA supports mobile trading, offering dedicated apps for both iOS and Android. OANDA received a score of 7.7/10 in this section, indicating a generally acceptable mobile trading experience.

Advantages
  • Indicators supported
  • Solid iOS user feedback, with a rating of 4.8/5
  • Mobile alerts supported
Disadvantages
  • Weak user feedback on Android

We compared OANDA with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.

OANDA Plus500 Pepperstone
Total downloads 1,000,000 10,000,000 100,000
App Store score 4.8 4.7 4.0
Google Play score 3.4 4.4 4.0
Mob. 2FA Yes Yes Yes
Mob. Indicators Yes Yes Yes
Mob. Alerts Yes Yes Yes
Score:
4.97/10

Education

Information

To help the trader, the OANDA website has a separate section, which contains various analytical tools, as well as online training courses and video courses. These materials can be useful for both novice and professional traders.

Information provided in the “Tools and Strategies” section
Information not on the OANDA website
Technical analysis
FAQs
Economic calendar
Schedules of trading sessions
Market news
Discount rate levels
 
Glossary of terms
 
Margin levels

It is possible to trade on a demo account to test the trading systems.

Score:
5.41/10

Customer support

Information

The support service provides technical and operational support 24/5. 

Advantages

  • Support in your account
  • Feedback form
  • Telephone support

Disadvantages

  • Does not work on weekends
  • Premium account holders are served on a priority basis, the rest on a general basis
  • Lack of online charts
  • It takes 3-4 days on average to receive an answer

You can contact support in the following ways:

  • by phone, as indicated on the website;

  • by email;

  • by filling out a feedback form.

  • by visiting a representative office

Support is available both on the OANDA website and in the personal account in the "Support" section.

Contacts

Foundation date 1997
Registration address 140 Broadway, 46th Floor New York, NY 10005 USA
Regulation FSC (BVI), ASIC, IIROC, FCA, CFTC, NFA Licence number:
SIBA/L/20/1130
Official site oanda.com
Contacts
1 877 626 3239, 13000 62632

Comparison of OANDA with other Brokers

OANDA Eightcap XM Group RoboForex Exness FxPro
Trading
platform
WebTrader, MetaTrader4, Mobile platforms, MetaTrader5 MT4, MT5, TradingView MT4, MT5, MobileTrading, XM App MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, MobileTrading, MT5, cTrader, FxPro Edge
Min deposit No $100 $5 $10 $10 $100
Leverage From 1:1
to 1:200
From 1:30
to 1:500
From 1:1
to 1:30
From 1:1
to 1:2000
From 1:1
to 1:2000
From 1:1
to 1:500
Trust management No No No No No No
Accrual of % on the balance No No No 10.00% No No
Spread From 0 points From 0 points From 0.8 points From 0 points From 0 points From 0 points
Level of margin call
/ stop out
No  /  50% 80%  /  50% 100%  /  50% 60%  /  40% 60%  /  No 25%  /  20%
Order Execution Market Execution Market Execution Market Execution Market Execution, Instant Execution Market Execution, Instant Execution Market Execution
No deposit bonus No No No No No No
Cent accounts No No No Yes Yes No

Detailed Review of OANDA

OANDA (“Olsen AND Associates”) is an American broker that has been in the financial services market for over 25 years. The company's activities cover traders almost all over the world. The company has a wide range of trading instruments.

A few numbers about the OANDA broker, which will help a trader to choose a reliable broker:

  • More than one million clients worldwide.

  • More than 25 years of experience in the foreign exchange market.

  • The minimum investment amount is USD 1.

OANDA is a decent broker that focuses on working with professional traders.

It is a financial services broker in the Forex market. The company focuses its customers' attention on safety, as evidenced by the availability of licenses from four regulators. The broker also has an extensive network of representative offices and offices worldwide, with its central office in New York. The liquidity providers are reputable banking institutions such as J.P. Morgan, Deutsche Bank AG, and the Royal Bank of Canada.

The company's clients have the opportunity to choose from three trading platforms: MetaTrader 4, WebTerminal MT4, MT5. The mobile application allows you to trade in the financial market using a smartphone running iOS and Android operating systems. Moreover, users of mobile devices have access to the useful "OANDA Alerts" feature, which informs traders about market changes and sentiment.

Useful OANDA broker services:

  • Currency correlation charts.

  • Training courses and video tutorials.

  • Economic calendar and news calendar.

Advantages:

1

Possibility of passive investment using the Fx Manager service.

2

Availability of three convenient platforms.

3

A large number of training materials, videos, and online courses.

4

Minimum deposit from 1 US dollar.

5

A wide range of trading instruments.

6

Availability of a demo account.

The broker has no restrictions on the choice of strategies available to a trader. Hedging and locking orders are allowed. There is a trailing-stop available. There is no information on the minimum duration of the trade retention on the site.

Latest OANDA News

27.06.2025
Mikhail Vnuchkov
OANDA rebrands TMS Brokers in Lithuania and Latvia to boost European presence
​OANDA, a global leader in forex and financial services, has officially announced the rebranding of its TMS Brokers operations in Lithuania and Latvia
30.05.2025
Mikhail Vnuchkov
OANDA reaches settlement with NFA over compliance issues
​OANDA Corporation, the U.S. division of global forex broker OANDA Group, has settled a dispute with the U.S. National Futures Association (NFA)
21.05.2025
Mikhail Vnuchkov
OANDA offers up to 7% interest on unused margin balances
​In a move aimed at enhancing capital efficiency for traders, OANDA, a global leader in online multi-asset trading services, has launched a new incentive

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