OANDA in United States: Is it Available and Legit?
As of June 2026, OANDA is available to traders and investors in United States. This accessibility confirms the broker's authorization to operate within United States and its compliance with the necessary regulatory requirements.
Essential details of OANDA services in United States
OANDA is accessible to traders and investors in United States. Key highlights include:
- United States residents can open an account with OANDA
- OANDA has earned an overall rating of 6.86/10 points according to our methodology.
- OANDA received 10/10 points for regulation and safety.
- For more detailed information, see our comprehensive OANDA review.
Is OANDA a regulated broker? Is it safe?
OANDA is a regulated Forex broker operating under the supervision of the following regulatory authorities:
| Regulator | Full Name | Country | Protection Fund | Regulation level |
|---|---|---|---|---|
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Full Name Australian Securities and Investments Commission | Country Australia | Protection Fund No specific fund but has stringent consumer protection | Regulation level Tier-1 |
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Full Name British Virgin Islands Financial Services Commission | Country British Virgin Islands | Protection Fund No specific fund | Regulation level Tier-2 |
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Full Name Commodity Futures Trading Commission | Country United States | Protection Fund No specific fund | Regulation level Tier-1 |
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Full Name Investment Industry Regulatory Organization of Canada | Country Canada | Protection Fund CAD 1,000,000 | Regulation level Tier-1 |
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Full Name Financial Conduct Authority | Country United Kingdom | Protection Fund Up to £85,000 | Regulation level Tier-1 |
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Full Name Financial Futures Association of Japan | Country Japan | Protection Fund No specific fund | Regulation level Tier-1 |
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Full Name Monetary Authority of Singapore | Country Singapore | Protection Fund No specific fund | Regulation level Tier-1 |
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Full Name National Futures Association | Country United States | Protection Fund No specific fund | Regulation level Tier-1 |
Is OANDA safe to use in United States?
A broker’s security is largely defined by its regulatory status. OANDA is supervised by a Tier-1 authority, which is considered the highest level of oversight in the financial industry. Such brokers must comply with strict requirements on capital, transparency, and client fund protection. In addition, the presence of an Investor Compensation Fund and a proven track record in financial markets further strengthen trust. According to our methodology, OANDA received a Regulation and safety score of 10/10, placing it among the most secure brokers.
Is Forex trading allowed in United States? Is Forex taxable in United States?
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Forex regulation in United States
Forex trading in the United States is strictly regulated by multiple agencies, including the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). These regulatory bodies oversee the Forex market, ensuring compliance with strict rules and standards to maintain market integrity and protect investors.
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Investor protection in the United States
In the U.S., the CFTC and NFA regulations are aimed to protect investors by ensuring transparency, honesty, and fairness of Forex trading practices. Through comprehensive oversight and enforcement of regulatory frameworks, these agencies work diligently to prevent fraud, manipulation, and abusive practices, thereby creating a secure and trustworthy trading environment for investors.
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Taxation in the United States
Profits derived from Forex trading activities are subject to taxation in the U.S. Forex traders must accurately report their trading gains as either ordinary income or capital gains, depending on the nature of their trading activity and holding period. Tax rates vary based on the trader's income tax bracket and whether the gains are categorized as short-term or long-term capital gains. Compliance with tax regulations is obligatory for traders to avoid potential legal consequences and ensure financial integrity.
OANDA vs other regulated brokers in United States
To provide a clear understanding of available options for traders in United States, Traders Union compared OANDA trading conditions with those of other regulated brokers accepting clients in the region.
| OANDA | Trading.com USA | Plus500 | ||
|---|---|---|---|---|
| Regulation | FSC (BVI), ASIC, IIROC, FCA, CFTC, NFA | CFTC, NFA | CySEC, FCA, ASIC, FMA, FSCA, FSA Seychelles, EFSA, MAS, DFSA, SCB | |
| Minimum deposit | $0 | $50 | $100 | |
| Currency pairs | 68 | 69 | 60 | |
| Floating spread EUR/USD, min pips | 0.1 | 0.9 | 0.5 | |
| Floating spread EUR/USD, max pips | 0.5 | 0.9 | ||
| Go to broker |
Go to broker
Your capital is at risk.
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Go to broker
Your capital is at risk.
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Go to broker
80% of retail CFD accounts lose money.
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Team that worked on the article
Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform.
Dan Blystone began his trading career in 1998 as an arbitrage clerk on the floor of the Chicago Mercantile Exchange (CME). He later traded bond and Eurex futures at proprietary firms such as Altea Trading, gaining valuable experience in high-frequency trading and risk management.
Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data.