An award-winning global company offering leading currency solutions for both retail and corporate clients.
Broker: OANDA
Leverage: 50:1
Regulation: CFTC, NFA, FCA, MAS, ASIC, IIROC
Min. Deposit: No minimum deposit
HQ: USA
Platforms: OANDA Trade, MT4
Found In: 1996
Website: oanda.com
OANDA Licences
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OANDA Corporation – OANDA Corporation is authorized by the CFTC USA and is a member NFA USA registration No. 0325821
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OANDA Europe Limited Authorized by FCA UK Registration no. 542574
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OANDA Australia Pty Ltd Authorized by ASIC Australia (Australia), registration number. ABN 26 152 088 034 349, AFSL No. 412981
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OANDA (Canada) Corporation ULC – authorized IIROC Canada, registration no.090280
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OANDA Asia Pacific Pte Ltd – authorized byMAS (Singapore), registration no. 200704926K
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OANDA Japan Co., Ltd Authorized by FFAJ (Japan).
Founded in 1996, OANDA is regulated in six tier-1 jurisdictions, making it a safe broker (low-risk) for forex and CFDs trading.
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Broker with more than 25 years of experience
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Regulated by FCA and NFA
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Great trading platforms
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Fast account opening
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Great research tools
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Limited range of payment processors
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No access cryptocurrencies or single-stock CFDs
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Customer support is not 24/7
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Reliability ⭐⭐⭐⭐
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Platform ⭐⭐⭐⭐
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Commissions ⭐⭐⭐⭐
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Support ⭐⭐⭐⭐
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Financial instruments ⭐⭐⭐⭐
RATING: 4.0
! Disclaimer: The OANDA Group owns multiple subsidiaries that are licensed to sell products to clients all over the world. The country where a client lives determines which OANDA subsidiary they will contract with. Clients will have different experiences with OANDA depending on where they live. Each subsidiary offers different products through different platforms. Residents of the United States are not eligible for CFDs.
OANDA, a technology-driven financial service corporation in the United States. OANDA was the first company to provide comprehensive currency exchange information online and supported currency trading development in 2001.
Broker has grown significantly in the past years to become a global company with 8 financial centers (USA, Canada, UK Japan, Singapore, Australia, and Japan) that serves clients in around 200 countries. They also maintain support in 9 languages and follow strict 6 major authorities.
OANDA’s reliability and trust is confirmed by many global brands, including Google, KPMG and TESLA.
OANDA is a financial institution with an currency exchange and background. OANDA offers additional services that diversify broker’s business and include OANDA money transfer and OANDA forex solutions for business.
OANDA may be of interest to new traders. A large educational section is available at OANDA, which will allow new traders to learn and navigate the market. OANDA webinars and education materials are broken down into levels. They are both designed for professional traders and beginners.
OANDA has been awarded multiple industry awards for its commitment to decentralizing global financial markets. OANDA clients voted OANDA as number 1 in customer service or value-for-money and client satisfaction on a yearly base.
OANDA, a heavily – regulated company, is potentially safe to trade with as all its actions and steps are closely monitored and complied by the operational guidelines. OANDA holds licenses from top-tier authorities around the world. They are licensed according to U.S. CFTC regulation and NFA regulation. Additional regulation comes from FCA, ASIC and IIROC in Singapore and FFAJ Japan. OANDA is a low-risk Forex and CFD broker.
OANDA Corporation is highly regulated and authorized by different government agencies due to its global presence, coverage of various jurisdictions and worldwide reach.
OANDA, which is broken down by geographic regions and covers the US, Canadian and European markets, as well as the Asian, Asian, and Australian markets, are each regulated and authorized respectively by the agencies that supervise the trading business. Although each jurisdiction has its own regulatory requirements and regulations, they all serve the same purpose: customer protection and transparency in the market offering.
According to regulations, all customer funds are kept in top-tier bank accounts and are fully separated, as a well as protected by Negative Balance Protection. OANDA manages currency risk and exposure in the trading process. OANDA uses risk management technology to automatically and anonymously aggregate client positions. Positions above predefined are immediately hedged.
Margin trading is supported by OANDA. This means that you can trade positions greater than your account balance. Margin-based trading has the advantage that you can leverage your funds and generate high profits relative to the amount you invested. However, you also have the chance to lose your account. Leverage comes with high risk.
You should use stop loss orders and limit high-leverage on particular potential losses. OANDA policy Stop loss orders are not guaranteed. (Check on the guaranteed stop-loss brokers).
Each geographic region’s regulators determine the maximum level of leverage that is allowed. For example, you may choose to be conservative and limit the amount of leverage that is allowed by regulators.
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US regulator demands 50% leverage on Forex instruments
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The European ESMA Regulations require 30 to 1
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Australian clients can still apply for a leverage 400:1
OANDA does not discriminate between clients. That’s why brokers do not offer different types of accounts and features. There is only one type of trading account. The Premium client, which requires a $50K minimum deposit, offers the client the ability to tailor their trading account, get tighter spreads, and custom pricing.
We found that the account management was well-organized, as per our OANDA Review. All transactions and activity are seen online through an account area. There is also a wide range of base currencies, which allows you to convert safely.
OANDA accounts are easy to open and quick to set up. Traders will need to follow several steps.
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Register for a live trading account and provide the required information.
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Fond the account
These steps will allow traders to begin trading with their broker after they have completed them.
OANDA trading offers allow you to trade more than 100 instruments, including commodity pairs, commodities, indices and bonds with no minimum trade size or deposit requirement. There are no additional commissions. The spread is very competitive, so the costs are based only on the spread. See the table below for details and to see fees associated with funding and any other fees.
OANDA spread is calculated using an OANDA platform that is electronically connected with many global banks. This allows you to access the most current foreign exchange rates and CFD rates for trading forex or CFD instruments. Below is a snapshot from live quotes and an average spread for most traded instruments.
You may also find historical spread information on a specific asset or instrument. This can help you understand the OANDA’s price policy and how it is affected by volatile market conditions.
Futures trading is only available in certain regions. Please verify this information. Fee conditions typically are based on a commission per trade. You will also need to trade commodity futures, or other commodities, where there are quotes available. This information can be found through the research resources.
OANDA brokers are a leader in currency data. They offer a wide range of instruments including Forex, CFD trading, and over 100 instruments including currency pairs, commodities, bonds, metals, futures trading and commodities futures. A wide variety of investors and organizations can also avail corporate fx payments as well as exchange rate services.
Money transfers to and from trading accounts are a crucial question. There is a slight variation depending on where the trader lives and which OANDA entity they are registered under. It’s a fact that different jurisdictions allow certain payment methods while others are prohibited.
OANDA offers many deposit options. However, you should verify that your residence meets the requirements and follow any rules.
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USA clients (Check Forex Brokers Accepting US Clients). These options offer bank transfers and payment via Credit Cards, Checks, and Automated Clearing House. There are no fees. However, you should be aware that some performance services may be charged by your bank. Canada Clients – Bank wire transfer and PayPal (CAD) only
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European Clients may use Credit / Debit Cards and SWIFT wire transfer. PayPal (GBP USD, EUR and EUR), BACS, CHAPS and PayPal (only GBP).
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Asia Pacific traders eligible for DBS Pay Bills. Internet banking transfer. Bank wire transfer. PayPal (SGD Only), Cheques (SGD Only), China
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Australian Clients that allowed Credit / Debit cards, internet banking transfer, bank wire transfer, PayPal and China UnionPay.
OANDA used No Minimum Deposit Requirement Rule, but you must still calculate the amount you need to deposit to cover trading fees, margins and other charges, which are determined by the trade you make.
OANDA Minimum Deposit vs Other Brokers
OANDAAll Other BrokersMinimum Deposit$0$500“>
Similar to deposits, withdrawal options can vary depending on the company division. Most transactions are made via Bank Transfer, Wire Transfer or Credit cards. The 0$ withdrawal charge is charged for the first request within one month. However, you may be charged additional fees if you withdraw more funds. Below is an example of fees charged to Australian clients.
You can manage your money online. Here you can submit withdrawal requests following a series of steps. Also, see fees reports and account history.
Oanda technology and its software offering aim to be centered around the best approach to protecting clients and their trades. OANDA adheres to tighter spreads across premium offerings and automation of trading strategies.
Execution is a key component of trading. OANDA offers a proprietary v20 execution engine that executes trades in milliseconds.
Amazing trading abilities with a wide range of tools
Clear view and excellent charting
MT4 is still an option
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OANDA Trade is a mainstay OANDA that uses a proprietary OANDA Trade. This platform can be described as an ‘easy-to-use trading functionality’ and has received many awards.
OANDA’s platform supports Web Trading and Desktop Trading. Web Trading allows easy access from any browser.
The desktop platform, OANDA Trade Web, provides full suit and powerful capabilities. It includes advanced charting tools, chart recognition, institutional quality backtesting and chart pattern recognition.
Overall, the platform can be described as one of the best in its category and will be appreciated by all levels of traders.
You can still use MetaTrader4 if you prefer. OANDA also offers the option of exceptional execution, competitive spreads, and full support for EAs. This includes hedging scopes. There is also the possibility to download the pattern MT4 plugin for technical analyses.
OANDA also created OANDA Forex Labs. This is an exceptional institution that performs the most recent developments and features Forex Analysis, Signals & FX Tools. You can also try the beta version of the new versions.
OANDA Trade Mobile was also awarded an application. It is simple to use, has good search functions and supports many languages.
OANDA’s customer service and support is another positive point. OANDA’s help portal provides not only general answers to common questions, but also multilingual support via Live chat, email, and international lines that are available in almost every country around the world.
There may be a gap in customer support availability, but you can still leave your concerns and the support team will get back to you as soon as possible.
OANDA is a broker that offers education materials and webinars for traders who are just starting out in trading.
Trading View offers a full range of tools, including advanced charts and analysis reports. You can also count on the economic overlay to help you make your trading more profitable.
OANDA’s attractive features, such as no minimum deposit and pricing transparency, along with a wide range of tools, make it easy to see why OANDA is so popular among traders. OANDA has another advantage because it is based on a solid background of successful and reliable cooperation with “global businesses giants”. We like the OANDA’s development of technical instruments and their effect on trading.
