OANDA
Founded in 1996, OANDA is a massively respected, US-headquartered global forex and CFD broker. Standing out for its deep integration with TradingView, elite regulatory profile (NFA, FCA, ASIC, CIRO, MAS), and unique 'no minimum trade size' feature, OANDA is an excellent choice for both beginners and experienced algorithmic traders. It offers Core Pricing with raw spreads and standard spread-only accounts across MT4, MT5, and its award-winning proprietary platforms.
Editor Rating
Calculated from 7+ safety & service metrics
Affiliate Disclosure: We may receive compensation when you click on links. This does not affect our ratings or reviews.
—
1.2 pips (Standard) / 0.1 pips (Core)
pips1:50
1700+
Pros
- Accepts US clients (NFA and CFTC regulated)
- Stunningly good proprietary platform built on TradingView
- Trade sizes down to exactly 1 unit (no arbitrary micro-lot minimums)
- Unrivalled global regulatory standing (US, UK, CA, AU, SG)
- Top-tier suite of research and analysis tools (AutoChartist)
Cons
- Core account commission ($10 RT) is higher than many competitors
- Charges a $20 fee for bank wire withdrawals
- No unleveraged stock trading available
Who is it for?
A pioneer in online forex trading, offering exceptional TradingView integration and regulatory safety in the US and globally. OANDA's flexibility handles both micro-lot beginners and high-volume pros.
Is OANDA Safe?
Regulator
NFA
License Holder
OANDA Corporation
Safety Score
High ConfidenceEditorial Summary
Client Fund Protection
Protection Snapshot
Limitations
Regulatory Oversight
Regulatory Coverage
Editorial Summary
—
1996
Company Facts
Headquarters
United States
Founded
1996
Publicly Listed
No
Bank-backed
No
License Summary
| Regulator | Legal Entity | License |
|---|---|---|
| NFA | OANDA Corporation | Authorized 0325821 |
| Unknown | OANDA Corporation | Authorized — |
| FCA | OANDA Europe Limited | Authorized 542574 |
| CIRO | OANDA (Canada) Corporation ULC | Authorized — |
| ASIC | OANDA Australia Pty Ltd | Authorized 412981 |
| MAS | OANDA Asia Pacific Pte Ltd | Authorized — |
| Unknown | OANDA Global Markets Ltd | Authorized SIBA/L/20/1130 |
OANDA Fees and Spreads
Compare brokersCosts at a glance
A highly transparent fee system. Most users opt for the zero-commission Standard account (1.2 pips avg). The Core Pricing account has 0.1 pip spreads but carries a $10 RT commission per lot, which is slightly higher than ECN rivals.
EUR/USD typical spread
1.2 pips (Standard) / 0.1 pips (Core)
Crypto costs
Average
Commissions
Disclosed
Varies by instrument
Non-trading fees
Average
Real trading costs may vary depending on liquidity, volatility, and account structure.
Fee breakdown
| Fee type | Details |
|---|---|
| Trading | |
| Spreads | OANDA's sophisticated pricing engine offers 0.9–1.4 pips typical on EUR/USD for the Standard account. Core accounts access raw spreads near 0.1 pips during peak hours. |
| Commissions | Standard account is commission-free. The Core Pricing account charges $5 per $100,000 traded per side (effectively $10 round-turn for a standard lot). |
| Execution notes | OANDA is a market maker, operating as the principal to your trades. Execution is automated, and they emphasize an 'exceptional execution quality' mandate with no straight requotes. |
| Non-trading | |
| Withdrawal fees | First credit/debit card withdrawal per month is free. Bank wire withdrawals generally cost $20, which is standard but higher than brokers offering totally free wires. |
| Inactivity fee | $10/month inactivity fee applies after 12 months (or 24 months for EU clients) of zero trading. |
| Currency conversion | OANDA applies a 0.5% currency conversion markup when trading instruments outside your account's base currency, which is transparently documented. |
How we assess fees
Verified standard and core pricing spreads via OANDA's live historical spread tracker online. Benchmarked execution and transparency rules against US NFA routing mandates.
Fees & Cost Assessment
Is this broker cheap, average, or expensive? Our editorial assessment normalizes costs across account types to give you a clear answer.
Cost Score
High ConfidenceEditorial Summary
Trading Cost Implications
Cost Snapshot
Editorial Explanation
Limitations
Non-Trading Cost Considerations
Cost Snapshot
Editorial Explanation
Limitations
OANDA
Ready to get started?
OANDA Platforms and Tools
Available Platforms
Platform Quality Assessment
Proprietary Web Trader
OANDA Trade (Web) heavily integrates TradingView for industry-leading charting. It provides a massive leap in UX over legacy MetaQuotes platforms.
Limitations
Does not support MQL EAs.
Quality Snapshot
MetaTrader 4
Standard MT4 offering, enhanced by OANDA's suite of premium technical analysis add-ons and robust pricing feeds.
Limitations
Aging interface.
Quality Snapshot
MetaTrader 5
MT5 provides access to the broader array of OANDA's stock CFDs natively combined with excellent backtesting environments.
Limitations
Takes some configuration to master.
Quality Snapshot
Markets & Instruments
1700+ instruments available across all markets
How to Deposit and Withdraw at OANDA
Payment methods
No payment method data available.
Withdrawal processing
Actual processing times may vary by payment method and jurisdiction.
Customer support
Live Chat
AvailablePhone
AvailableCallback
Not availableAvailability & languages
Support hours
24/5
Languages
English, Spanish, French, German, Italian, Chinese
OANDA Account Types
| Account | Execution | Min Deposit | Spread from | Commission |
|---|---|---|---|---|
| Standard | Market | $0 | 1 | No commission |
| Core Pricing | Market | $10000 | — | $5 per $100k traded per side |
| Premium / Elite | Market | $25000 | 0.6 | Reduced spreads / commissions |
Standard
Execution
Market
Min Deposit
$0
Spread from
1
Commission
No commission
Instruments: All instruments
Core Pricing
Execution
Market
Min Deposit
$10000
Spread from
—
Commission
$5 per $100k traded per side
Instruments: All instruments
Premium / Elite
Execution
Market
Min Deposit
$25000
Spread from
0.6
Commission
Reduced spreads / commissions
Instruments: All instruments
Trading conditions may vary based on account selection and regulatory jurisdiction.
Education & Research
Education
OANDA supplies a comprehensive introductory training academy on its site, supplemented by frequent live market update webinars.
Limitations
Less focus on highly complex macro-economic theory compared to top-tier research brokers.
Quality Snapshot
Research & Market Insights
Phenomenal suite of proprietary tools. The Historical Spread tool, Currency Converter, and integrated AutoChartist technical analysis are massive value-adds.
Limitations
Can feel overwhelming for complete novices.
Quality Snapshot
OANDA Review
Editor Rating Breakdown
Verdict
Great
OANDA
Ready to get started?
Frequently Asked Questions
Affiliate Disclosure: We may receive compensation when you click on links. This does not affect our ratings or reviews.
—
1.2 pips (Standard) / 0.1 pips (Core)
pips1:50
1700+
Pros
- Accepts US clients (NFA and CFTC regulated)
- Stunningly good proprietary platform built on TradingView
- Trade sizes down to exactly 1 unit (no arbitrary micro-lot minimums)
- Unrivalled global regulatory standing (US, UK, CA, AU, SG)
- Top-tier suite of research and analysis tools (AutoChartist)
Cons
- Core account commission ($10 RT) is higher than many competitors
- Charges a $20 fee for bank wire withdrawals
- No unleveraged stock trading available
Who is it for?
A pioneer in online forex trading, offering exceptional TradingView integration and regulatory safety in the US and globally. OANDA's flexibility handles both micro-lot beginners and high-volume pros.
Is OANDA Safe?
Regulator
NFA
License Holder
OANDA Corporation
Safety Score
High ConfidenceEditorial Summary
Client Fund Protection
Protection Snapshot
Limitations
Regulatory Oversight
Regulatory Coverage
Editorial Summary
—
1996
Company Facts
Headquarters
United States
Founded
1996
Publicly Listed
No
Bank-backed
No
License Summary
| Regulator | Legal Entity | License |
|---|---|---|
| NFA | OANDA Corporation | Authorized 0325821 |
| Unknown | OANDA Corporation | Authorized — |
| FCA | OANDA Europe Limited | Authorized 542574 |
| CIRO | OANDA (Canada) Corporation ULC | Authorized — |
| ASIC | OANDA Australia Pty Ltd | Authorized 412981 |
| MAS | OANDA Asia Pacific Pte Ltd | Authorized — |
| Unknown | OANDA Global Markets Ltd | Authorized SIBA/L/20/1130 |
OANDA Fees and Spreads
Compare brokersCosts at a glance
A highly transparent fee system. Most users opt for the zero-commission Standard account (1.2 pips avg). The Core Pricing account has 0.1 pip spreads but carries a $10 RT commission per lot, which is slightly higher than ECN rivals.
EUR/USD typical spread
1.2 pips (Standard) / 0.1 pips (Core)
Crypto costs
Average
Commissions
Disclosed
Varies by instrument
Non-trading fees
Average
Real trading costs may vary depending on liquidity, volatility, and account structure.
Fee breakdown
| Fee type | Details |
|---|---|
| Trading | |
| Spreads | OANDA's sophisticated pricing engine offers 0.9–1.4 pips typical on EUR/USD for the Standard account. Core accounts access raw spreads near 0.1 pips during peak hours. |
| Commissions | Standard account is commission-free. The Core Pricing account charges $5 per $100,000 traded per side (effectively $10 round-turn for a standard lot). |
| Execution notes | OANDA is a market maker, operating as the principal to your trades. Execution is automated, and they emphasize an 'exceptional execution quality' mandate with no straight requotes. |
| Non-trading | |
| Withdrawal fees | First credit/debit card withdrawal per month is free. Bank wire withdrawals generally cost $20, which is standard but higher than brokers offering totally free wires. |
| Inactivity fee | $10/month inactivity fee applies after 12 months (or 24 months for EU clients) of zero trading. |
| Currency conversion | OANDA applies a 0.5% currency conversion markup when trading instruments outside your account's base currency, which is transparently documented. |
How we assess fees
Verified standard and core pricing spreads via OANDA's live historical spread tracker online. Benchmarked execution and transparency rules against US NFA routing mandates.
Fees & Cost Assessment
Is this broker cheap, average, or expensive? Our editorial assessment normalizes costs across account types to give you a clear answer.
Cost Score
High ConfidenceEditorial Summary
Trading Cost Implications
Cost Snapshot
Editorial Explanation
Limitations
Non-Trading Cost Considerations
Cost Snapshot
Editorial Explanation
Limitations
OANDA
Ready to get started?
OANDA Platforms and Tools
Available Platforms
Platform Quality Assessment
Proprietary Web Trader
OANDA Trade (Web) heavily integrates TradingView for industry-leading charting. It provides a massive leap in UX over legacy MetaQuotes platforms.
Limitations
Does not support MQL EAs.
Quality Snapshot
MetaTrader 4
Standard MT4 offering, enhanced by OANDA's suite of premium technical analysis add-ons and robust pricing feeds.
Limitations
Aging interface.
Quality Snapshot
MetaTrader 5
MT5 provides access to the broader array of OANDA's stock CFDs natively combined with excellent backtesting environments.
Limitations
Takes some configuration to master.
Quality Snapshot
Markets & Instruments
1700+ instruments available across all markets
How to Deposit and Withdraw at OANDA
Payment methods
No payment method data available.
Withdrawal processing
Actual processing times may vary by payment method and jurisdiction.
Customer support
Live Chat
AvailablePhone
AvailableCallback
Not availableAvailability & languages
Support hours
24/5
Languages
English, Spanish, French, German, Italian, Chinese
OANDA Account Types
| Account | Execution | Min Deposit | Spread from | Commission |
|---|---|---|---|---|
| Standard | Market | $0 | 1 | No commission |
| Core Pricing | Market | $10000 | — | $5 per $100k traded per side |
| Premium / Elite | Market | $25000 | 0.6 | Reduced spreads / commissions |
Standard
Execution
Market
Min Deposit
$0
Spread from
1
Commission
No commission
Instruments: All instruments
Core Pricing
Execution
Market
Min Deposit
$10000
Spread from
—
Commission
$5 per $100k traded per side
Instruments: All instruments
Premium / Elite
Execution
Market
Min Deposit
$25000
Spread from
0.6
Commission
Reduced spreads / commissions
Instruments: All instruments
Trading conditions may vary based on account selection and regulatory jurisdiction.
Education & Research
Education
OANDA supplies a comprehensive introductory training academy on its site, supplemented by frequent live market update webinars.
Limitations
Less focus on highly complex macro-economic theory compared to top-tier research brokers.
Quality Snapshot
Research & Market Insights
Phenomenal suite of proprietary tools. The Historical Spread tool, Currency Converter, and integrated AutoChartist technical analysis are massive value-adds.
Limitations
Can feel overwhelming for complete novices.
Quality Snapshot
OANDA Review
Editor Rating Breakdown
Verdict
Great
OANDA
Ready to get started?
Frequently Asked Questions
Risk Warning
CFDs are complex instruments. 74-89% of retail investor accounts lose money.