This OANDA review provides a comprehensive analysis of the broker’s regulatory footprint, trading platforms, account features, and asset offerings. Established in 1996, OANDA is a globally regulated forex and CFD broker known for its institutional-grade execution, transparent pricing, and extensive historical data tools.

Regulation and Safety

OANDA operates multiple regulated entities:

• OANDA Corporation – CFTC registered and NFA member (U.S.)
• OANDA Europe Markets Ltd – Regulated by MFSA (Malta), License No. C95813
• OANDA Europe Ltd – FCA regulated (UK), License No. 542574
• OANDA Asia Pacific – MAS regulated (Singapore), License No. CMS100122-4
• OANDA Canada Corporation – IIROC regulated
• OANDA Japan – FSA regulated
• OANDA Australia – ASIC regulated, AFSL No. 412981

All entities offer segregated client funds, strong compliance oversight, and eligibility for local investor compensation schemes where applicable.

Execution Model and Trading Platforms

OANDA offers a no-dealing-desk (NDD) STP execution model with proprietary and third-party liquidity providers. Orders are filled at market price with no requotes or dealer intervention.

Supported platforms include:

• OANDA Trade: Proprietary platform with advanced charting, order management, and news feeds
• MetaTrader 4 (MT4): Desktop, mobile, and web versions with full EA support
• TradingView Integration: Trade directly through the TradingView interface with OANDA accounts

FIX API and VPS solutions are available for institutional and algorithmic traders.

Markets and Instruments

OANDA provides a broad multi-asset offering via CFDs:

• Forex – Over 70 currency pairs
• Indices – US, EU, UK, and Asia-Pacific indices
• Commodities – Oil, gold, silver, copper
• Metals – Precious metals with spot and futures pricing
• Cryptocurrencies – BTC, ETH, LTC (offered under certain jurisdictions)
• Bonds – U.S. and German bond CFDs

Accounts, Spreads and Leverage

OANDA offers a simplified account structure:

• Standard Account: Floating spreads from 0.8 pips, no commission
• Core Account (select regions): Spreads from 0.1 pips + $5 commission per lot

Other trading conditions:

• Minimum deposit: None
• Leverage: Up to 1:200 (varies by region and regulation)
• Stop-out level: Typically 50%
• Islamic accounts available on request

Funding and Base Currencies

Funding methods vary by region and include:

• Bank wire transfers
• Credit/debit cards
• PayPal (U.S., EU)
• Skrill, Neteller (Asia-Pacific, EMEA)

Available base currencies include USD, EUR, GBP, AUD, CAD, SGD, JPY. Most deposits are processed instantly or within 24 hours; withdrawals take 1–3 business days depending on method.

Client Protections and Features

OANDA enforces strict security and client protection measures:

• Negative balance protection in EU/UK/AU regions
• FSCS/IIROC/MAS/ASIC investor schemes as applicable
• 2FA login, encrypted data, and audited financials
• Secure segregated bank accounts for client funds

Additional features include advanced analytics, historical currency data, news feeds, and in-platform education.

Institutional and Retail Offering

OANDA supports both individual and institutional clients:

• Retail – Full access to MT4, OANDA Trade, and TradingView with zero minimum deposit
• Institutional – FIX API, white-label, and liquidity solutions

Professional clients can access lower spreads, dedicated relationship managers, and bespoke integration options.

Pros

• Highly regulated across major financial jurisdictions
• Access to MT4, proprietary platform, and TradingView
• No minimum deposit required
• Deep liquidity and reliable execution
• FIX API and institutional-grade services

Cons

• No MT5 platform offered
• Crypto CFDs limited to certain regions
• Limited leverage in heavily regulated markets
• Withdrawal fees may apply depending on method

Frequently Asked Questions

Is OANDA regulated?

Yes, OANDA is regulated by multiple top-tier authorities including CFTC (U.S.), FCA (UK), ASIC (Australia), IIROC (Canada), and MAS (Singapore).

What platforms does OANDA offer?

OANDA offers its proprietary OANDA Trade platform, MetaTrader 4, and TradingView integration for chart-based trading.

What is the minimum deposit for OANDA?

There is no minimum deposit required to open a live trading account with OANDA.

Does OANDA offer cryptocurrency trading?

Yes, OANDA offers crypto CFDs in select jurisdictions, including BTC, ETH, and LTC.

Is OANDA suitable for institutional traders?

Yes, OANDA provides FIX API, white-label, and custom liquidity solutions for institutional and professional clients.