OANDA review: Patent lawsuit settled with GAIN Capital
On February 26, 2026, OANDA Corporation formally closed its patent lawsuit against GAIN Capital Holdings and GAIN Capital Group, ending a dispute that had lasted nearly six years since the case was filed in the U.S. District Court for the District of New Jersey in May 2020. The parties agreed to settlement terms and voluntarily dismissed all claims against each other, FNG reports.
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The patent dispute
The legal battle began when OANDA accused GAIN Capital of infringing two U.S. patents (Nos. 7,146,336 and 8,392,311) covering systems, methods, and software for trading foreign currencies over computer networks. According to the complaint, the technologies used by the defendants incorporated a combination of servers, pricing engines, risk management components, and other elements described in the patented systems.
In the early stages of the case, the parties exchanged legal motions and discovery requests. GAIN Capital obtained international judicial assistance to depose witnesses and experts in Switzerland. The companies also agreed to mediation and repeatedly contested evidentiary and pre-trial procedural issues.
Despite these efforts, the dispute was not resolved during preliminary proceedings and moved closer to full trial. GAIN Capital challenged both OANDA’s infringement allegations and the validity of the patents themselves, including efforts to obtain testimony from inventors and technical experts.
Settlement and outcome
On February 26, 2026, a formal settlement agreement was filed with the court. The lawsuit — including OANDA’s claims and GAIN Capital’s counterclaims — was dismissed with prejudice, preventing the parties from refiling the case.
Each side, OANDA and GAIN Capital, agreed to bear its own legal fees and costs, with no damages or compensation awarded.
Technology and сompetition in focus
The resolution brings an end to one of the longer-running patent disputes in the electronic financial services sector, where intellectual property protection often intersects with technological competition.
Because the case was settled without a judicial ruling on infringement or damages, it establishes no clear legal precedent regarding the application of these patents to online trading platforms. Such cases nonetheless carry significance for the market, as they can influence technology development strategies and competitive behavior across the industry.
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