What is the minimum deposit at OANDA?

OANDA requires a minimum deposit of $0 to open a live trading account.

Yes. OANDA holds licenses with FCA, NFA, ASIC, MAS. Client funds are held in segregated accounts and retail clients benefit from negative balance protection where required by the relevant regulator.

What is the maximum leverage at OANDA?

OANDA offers maximum leverage of 1:50, depending on the instrument and the client's jurisdiction. Retail leverage may be lower under local regulation.

What are OANDA's spreads and fees?

Spreads at OANDA start from 0.4. 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

Visit OANDA

Affiliate link - see our Methodology

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.

BrokaBoy/Brokers/OANDA

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OANDA

Precision pricing since 1996

4.5BrokaBoy score (see user reviews below for platform ratings)

FCA · NFA · ASIC · MAS

Min Deposit

Max Leverage

1:50

Spread From

0.4

Platforms

OANDA Trade

Regulation

FCA

Founded

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 0.4 and leverage up to 1:50, it's positioned for traders getting started who value api and automated.

Pros & Cons

Pros

No minimum deposit
US-regulated
Powerful REST API
Transparent pricing

Cons

Limited product range
No crypto in some regions

Trading conditions

Asset class	Spread	Commission	Max Leverage
Forex majors (EUR/USD)	0.4 pips	$0	1:50
Indices (US500)	0.7 pts	$0	1:200
Commodities (Gold)	0.60	$0	1:100
Crypto (BTC/USD)	N/A	$0	-
Stock CFDs	N/A	$0.02 / share	1:20

Platforms & tools

OANDA Trade

MetaTrader 4

TradingView

Regulation & safety

FCA

NFA

ASIC

MAS

OANDA is regulated across 4 jurisdictions, with client funds held in segregated accounts. Retail clients are protected by negative balance protection where required by the relevant regulator.

Fees breakdown

Illustrative summary - confirm current pricing on OANDA's own website.

Spread type

Spread-only Standard pricing from 0.4 pips, or Core Pricing with tighter raw spreads.

Commission

No commission on Standard; Core Pricing charges a per-million-traded commission.

Overnight / swap

Financing calculated and applied continuously rather than in one nightly block.

Withdrawals

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

User reviews

Reviews below are collected live from independent public review platforms. BrokaBoy does not host, moderate or edit them, and scores change over time. Follow any link to read the full review at the source.

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