Skip to content
Valetax Verified by FxDailyInfo $ $30 FREE WELCOME BONUS Start trading live without risking your own money 30% DEPOSIT BONUS Extra margin on every deposit · Min deposit just $1 1:2000 LEVERAGE STP/ECN broker · MT4 & MT5 · Fast withdrawals Claim Bonus → Ad
Add Promotion
$150WELCOME BONUSNo deposit needed100%DEPOSIT BONUSDouble your trading capital$1,000TRADING CONTESTSFree weekly entryClaim Now →Ad

OANDA Review: Regulation, Fees and Accounts

Our rating5.0/5
Bonus offer

OANDA

British Virgin Islands

5.0/5
Regulated byBVI Financial Services Commission, number: SIBA/L/20/1130
PromotionTighter spreads on gold
Founded1996, The chat languages available are - English, Mandarin, Spanish, German
HeadquartersPO Box 173, Road Town, Tortola, British Virgin Islands
Min. depositNo minimum deposit
Max leverage888:1

Your money is at risk

1996, The chat languages available are - English, Mandarin, Spanish, GermanFounded
No minimum depositMinimum deposit
888:1Max leverage
0.6Pips from

OANDA overview: what kind of broker is it?

OANDA is a Match principal broker forex and CFD broker based in British Virgin Islands, founded in 1996, The chat languages available are - English, Mandarin, Spanish, German. Regulation: BVI Financial Services Commission, number: SIBA/L/20/1130.

Traders get MT4 desktop and web and mobile, spreads from 0.6, leverage up to 888:1 and a No minimum deposit minimum deposit. New clients can also check the current Tighter spreads on gold.

Tradable markets include Forex Currency Pairs, Commodities, CFDs on Indices, Spot Metals, Share CFDs, Energies, Crypto CFDs.

OANDA broker specifications

Company and regulation

BrokerOANDA
Regulated byBVI Financial Services Commission, number: SIBA/L/20/1130
Type of brokerMatch principal broker
CountryBritish Virgin Islands
Foundation year1996, The chat languages available are - English, Mandarin, Spanish, German
WebsiteVisit OANDA website
Website languagesEnglish, Spanish, Vietnamese, Portuguese, French, Chinese, Thai and Malay Bhasa and Indonesia Bahasa.

Trading conditions

Minimum depositNo minimum deposit
Maximum leverage888:1
Minimum spreads0.6
Base currenciesUSD, EUR, HKD, SGD
Tradable instrumentsForex Currency Pairs, Commodities, CFDs on Indices, Spot Metals, Share CFDs, Energies, Crypto CFDs
Hedging / scalpingAllowed
News tradingAllowed
Web tradingWeb MT4/MT5
Mobile tradingMobile MT4/MT5

Bonus and promotions

Current promotionTighter spreads on gold
Welcome bonusTighter spreads on gold
Standard no deposit bonusNo

Contact details

Telephone65 6579 8280 (# will be routed to the active CX desk globally)
Email / Skypefrontdesk@oanda.com
FaxNot available
Head officePO Box 173, Road Town, Tortola, British Virgin Islands
Contact formContact OANDA

OANDA pros and cons

Pros

  • Regulated: BVI Financial Services Commission, number: SIBA/L/20/1130
  • Tighter spreads on gold
  • Low No minimum deposit minimum deposit
  • Spreads from 0.6, Match principal broker execution
  • MT4 desktop and web and mobile and more platforms
  • Islamic, VIP and managed accounts
  • 4 deposit and withdrawal methods

Cons

  • No no-deposit bonus
  • Bonus comes with trading-volume rules

OANDA account types

OANDA offers several account options so beginners and experienced traders can both find a fit. Live accounts start from a No minimum deposit deposit.

Free demo accountYes – practise with virtual money
Mini accountNo
VIP accountYes – for high-volume traders
Islamic (swap-free)Yes – no overnight swap charges
Swap-free accountYes
Managed accountYes
Segregated client fundsYes

The OANDA Group News

Co-founded by Dr. Michael Stumm, a computer scientist, and Dr. Richard Olsen, an economist, the company was born out of the belief that the Internet and technology would open up the markets for both currency data and trading.

Acquiring TMS Brokers

OANDA enters into an agreement to acquire 100% of the shares of leading Polish multi-asset class broker, Dom Maklerski TMS Brokers, creating a base from which to grow across the Baltics and Eastern Europe.

New leadership

With more than 25 years of experience in the financial services industry, Gavin Bambury is OANDA’s Chief Executive Officer and an Executive Director of the OANDA Board, based in London.

CVC - Leadership team

Introducing a new era for the firm, OANDA is acquired by CVC Capital Partners, a leading private equity firm that currently manages in excess of USD70 billion in assets around the world.

OANDA account types

OANDA trading platforms

OANDA runs on MT4 desktop and web and mobile, which give you advanced charts, more timeframes, an economic calendar and support for expert advisors.

MT4 desktopDesktop
web and mobileMobile
MT5 desktopDesktop
fxTrade MobileMobile

Tighter spreads on gold

We’ve narrowed our spreads. You can now trade gold with just a 10 cent spread in 0.1 lots. Make the smart choice and trade with us.

Safe haven

Considered a safe haven commodity, gold is one of the most widely traded metals in the world today.

The smart choice

With such attractive spreads, gold is the right choice for smarter traders. Choose to trade on MT4, MT5 or our award-winning mobile app*.

No account verification

Start trading with us in 3 easy steps. Verification documents are not needed when you deposit below US$9,000

Best Trading Tools winner (Online Personal Wealth Awards 2021

Full account verification needed before you can deposit or withdraw over US$9,000

OANDA trading platform

OANDA deposit and withdrawal methods

OANDA supports the deposit and withdrawal methods below. Check the fee and processing time for your method before you deposit.

Banks and cards

VisaMastercard

E-wallets

Skrill

Crypto

Neteller and various Alternate Payment Methods*

Withdrawal methods

VisaMastercardSkrillNeteller and various Alternate Payment Methods via SafeCharge*

Is OANDA safe and legit?

OANDA is a regulated broker. BVI Financial Services Commission, number: SIBA/L/20/1130. The broker says client money is kept in segregated accounts, separate from company funds.

Always check the licence number on the regulator's own website. Offshore regulators do not offer the investor compensation schemes or leverage caps of top-tier regulators such as the FCA or CySEC, which is why leverage here can reach 888:1.

Our verdict on safety

OANDA suits traders who understand the risks of leveraged CFD trading. Start small, test a withdrawal early and use sensible leverage.

5.0out of 5

Risk warning: CFDs are complex instruments and carry a high risk of losing money quickly because of leverage. Only trade if you understand how CFDs work and can afford to lose your money.

Full OANDA review

1996 - 2023 OANDA Corporation. All rights reserved. "OANDA", "fxTrade" and OANDA's "fx" family of trademarks are owned by OANDA Corporation. All other trademarks appearing on this website are the property of their respective owners.

Financial spread betting is only available to OANDA Europe Ltd customers who reside in the UK or Republic of Ireland. CFDs, MT4 hedging capabilities and leverage ratios exceeding 50:1 are not available to US residents. The information on this site is not directed at residents of countries where its distribution, or use by any person, would be contrary to local law or regulation.

OANDA Corporation is a registered Futures Commission Merchant and Retail Foreign Exchange Dealer with the Commodity Futures Trading Commission and is a member of the National Futures Association. No: 0325821. Please refer to the NFA's FOREX INVESTOR ALERT where appropriate. OANDA CORPORATION IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS.

Trading in digital assets, including cryptocurrencies, is especially risky and is only for individuals with a high risk tolerance and the financial ability to sustain losses. OANDA Corporation is not party to any transactions in digital assets and does not custody digital assets on your behalf. All digital asset transactions occur on the Paxos Trust Company exchange. Any positions in digital assets are custodied solely with Paxos and held in an account in your name outside of OANDA Corporation. Digital assets held with Paxos are not protected by SIPC. Paxos is not an NFA member and is not subject to the NFA’s regulatory oversight and examinations.

OANDA (Canada) Corporation ULC accounts are available to anyone with a Canadian bank account. OANDA (Canada) Corporation ULC is regulated by the Investment Industry Regulatory Organization of Canada (IIROC), which includes IIROC's online advisor check database (IIROC AdvisorReport), and customer accounts are protected by the Canadian Investor Protection Fund within specified limits. A brochure describing the nature and limits of coverage is available upon request or at www.cipf.ca.

OANDA Europe Limited is a company registered in England number 7110087, and has its registered office at Dashwood House, 69 Old Broad Street, London EC2M 1QS. It is authorised and regulated by the Financial Conduct Authority, No: 542574.

OANDA Asia Pacific Pte Ltd (Co. Reg. No 200704926K) holds a Capital Markets Services Licence issued by the Monetary Authority of Singapore.

OANDA Australia Pty Ltd is regulated by the Australian Securities and Investments Commission ASIC (ABN 26 152 088 349, AFSL No. 412981) and is the issuer of the products and/or services on this website. It's important for you to consider the current Financial Service Guide (FSG), Product Disclosure Statement ('PDS'), Account Terms and any other relevant OANDA documents before making any financial investment decisions.

OANDA Japan Co. Ltd. Type I Financial Instruments Business (Director-General of Kanto Local Financial Bureau (Kinsho) Registration No. 2137)/ Commodity Futures Trading Dealers

OANDA Global Markets Ltd is a company registered in BVI number 2026433, and has its registered office at Kingston Chambers, PO Box 173, Road Town, Tortola, British Virgin Islands. It is authorised and regulated by the BVI Financial Services Commission, number: SIBA/L/20/1130.

OANDA broker review

OANDA FAQ

What are the best Forex promotions?

Find out which forex promotion is the best for you. We have listed our top ten list of the best forex promotions available today. Check it out!

How can I find the best Forex promotions?

You can find the best forex promotions here. We have a list of the top 10 forex brokers with their latest offers and bonuses. Compare the top 10 forex brokers to find out which one is better for you! Find out about their trading platforms,

What should I look for in a Forex promotion?

best forex promotions, top forex promotions, find the best forex promotion. Find out what to look for when searching for the best forex promotion.

What are the best forex promotions for traders?

The best forex promotions can be found here. We have a wide range of products that will help you make money in the market. Find out more about our services by visiting our website today!

What are the various benefits of forex trading?

If you have been thinking about learning more about forex trading, then this article is a great place to start. Check

OANDA user reviews

5.00 reviews

No trader reviews yet for OANDA. Traded with this broker? Share your experience with the FxDailyInfo community on Telegram.

moneta-markets
Octa Free
Trading Signals
Champion MT4
Demo Contest
50% Forex
Deposit Bonus
$10 Minimum
Deposit
Trade and
Win Promotion