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Trading CFDs carries a high risk of losing money rapidly. Confirm this broker's current loss-rate disclosure and regulated entity before opening an account. Read the full risk disclosure.
Last updated: ·Reviewed by BrokaBoy Research Team
Some figures on this page are taken from broker-published information and have not yet been checked against current terms. Confirm details on the broker's website.
OANDA
Precision pricing since 1996
Overview
OANDA is a veteran forex broker known for transparent pricing, robust API access and advanced charting. Widely used by developers building automated strategies.
OANDA supports Forex, CFDs, Indices, Commodities across 3 platforms, and offers Standard, Core Pricing accounts to cover most trader profiles. Regulation is held with FCA, NFA, ASIC, MAS.
With spreads starting from 0.0 pips and leverage up to 1:50 (entity dependent), it's positioned for traders getting started who value api and automated.
Pros & Cons
- No minimum deposit
- US-regulated
- Powerful REST API
- Transparent pricing
- Limited product range
- No crypto in some regions
Platforms & tools
Regulation & safety
Fees breakdown
Illustrative summary - confirm current pricing on OANDA's own website.
Spread-only Standard pricing from 0.4 pips, or Core Pricing with tighter raw spreads.
No commission on Standard; Core Pricing charges a per-million-traded commission.
Financing calculated and applied continuously rather than in one nightly block.
No OANDA withdrawal fee on standard bank transfers; card and wire providers may charge separately.
Opening an account with OANDA
- 1Choose your regional OANDA entity and start the application
- 2Provide personal, employment and financial details
- 3Complete regulatory suitability questions
- 4Verify identity electronically where available
- 5Fund the account and log in to OANDA Trade, MT4 or TradingView
FAQ
What is the minimum deposit at OANDA?+
OANDA lists a minimum deposit of $0 to open a live trading account. Confirm the current amount on the broker's website, as it can vary by account type and region.
Is OANDA regulated?+
OANDA holds licences with FCA, NFA, ASIC, MAS. The protections you get depend on the regulator and entity you sign up with - see each regulator's page on BrokaBoy for details.
What is the maximum leverage at OANDA?+
OANDA advertises maximum leverage of 1:50 (entity dependent), depending on the instrument and your jurisdiction. Retail leverage may be lower under local regulation.
What are OANDA's spreads and fees?+
OANDA advertises spreads from 0.0 pips. No commission on Standard; Core Pricing charges a per-million-traded commission. Financing calculated and applied continuously rather than in one nightly block.
Which trading platforms does OANDA support?+
OANDA supports OANDA Trade, MetaTrader 4, TradingView across Standard, Core Pricing account types.
How do I open an account with OANDA?+
Choose your regional OANDA entity and start the application Provide personal, employment and financial details Complete regulatory suitability questions Verify identity electronically where available Fund the account and log in to OANDA Trade, MT4 or TradingView
User reviews
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Ready to open a OANDA account?
Confirm the current account terms and pricing on the broker's website.
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