Oanda Forex Review 2026

Name: Oanda Forex Review 2026
Item: Oanda
Rating: 4.2
Author: Gerald Stratton

Our Ratings

4.2

out of 5

Safety & Regulation

4.1

Fees & Costs

4.4

Markets & Products

3.8

Platforms & Execution

4.3

Deposit & Withdrawal

4.9

Trading Tools & Research

3.8

Account Opening

4.7

Customer Service

4.1

Education

3.9

Key Facts

Regulation

FCA, CFTC, NFA, MFSA, CIRO, ASIC, MAS, JFSA, BVI FSC

Broker Type

Market Maker

Min. Deposit

Platforms

Web, Mobile, TradingView, MetaTrader 4 (MT4), MetaTrader 5 (MT5)

Negative Balance Protection

Varies

Max Leverage

1:30 (FCA and MFSA retail), 1:50 (CFTC US retail), higher for professional and non-EU entities

Demo Account

Yes

Spreads From

0.6 pips

VISIT OANDA Compare all broker reviews

75% of retail FX and CFD accounts lose money.

Oanda - At a Glance

Company & Overview

Established: 1996
Headquarters: 17 State Street, Suite 300, New York, NY 10004-1501, USA.
International Offices: United States, Canada, United Kingdom, Singapore, Australia, Japan, British Virgin Islands, Poland, Malta
Publicly Traded: No
Broker Type: Market Maker
Regulation: FCA (United Kingdom), CFTC (United States), NFA (United States), MFSA (Malta), CIRO (Canada), ASIC (Australia), MAS (Singapore), JFSA (Japan), BVI FSC (British Virgin Islands)
Segregated Client Funds: Yes
Negative Balance Protection: Varies
Depends entirely on where you sign up. Guaranteed in the UK, EU and Australia, and given voluntarily in Canada. Oanda's Asia Pacific and British Virgin Islands arms both state they do not offer it and you are liable for the full negative balance.
Banking License: No
Languages: English, Spanish, French, Dutch, German, Italian, Chinese, Thai, Vietnamese, Portuguese, Bahasa Indonesia, Bahasa Malaysia
Customer Support: Email, Phone, Live Chat, Whatsapp, Facebook Messenger, SMS
Customer Support Hours: 24/5

Account Types

Demo Account: Yes
Swap Free Account: Yes
Joint Account: Yes
Corporate Account: Yes
Managed Account: No
PAMM / MAM Trading: No
Social / Copy Trading: No

Account Conditions

Minimum Deposit: $0
Payment Methods: Bank Transfer, ACH, Credit Card, Debit Card, Wise, Paypal, Skrill, Neteller
Account Currencies: USD, GBP, EUR, AUD, CAD, HKD, CHF, SGD, JPY
Maximum Leverage: 1:30 (FCA and MFSA retail), 1:50 (CFTC US retail), higher for professional and non-EU entities
Bonuses: Yes
Contests: No

Trading Conditions

Markets & Products: Forex, CFDs
Currency Pairs: 58 FX pairs
Minimum Lot Size: 0.01
Maximum Lot Size: 600
Decimal Pricing: 5 decimals
Order Types: Market, limit, stop, market-if-touched, take profit, stop loss, guaranteed stop loss and trailing stop loss. GSLO carries a premium charged only if triggered, and is not offered to US clients. A GSLO attached on the OANDA platform appears as a normal stop loss in MT4 and cannot be modified there.
Execution Type: Market maker
Margin Call Level: None. Close-out only
Stop Out Level: 50% margin level (100% margin closeout, v20)
Hedging: Yes
Scalping: Yes

Fees & Costs

Spread Type: Variable
Spread From: 0.6
Commission: $0
Overnight / Swap Fees: Yes
Deposit Fee: No
Withdrawal Fee: No
Currency Conversion Fee: Yes
Account Maintenance Fee: No
Inactivity Fee: Yes
Charged monthly after 12 months without trading, capped at GBP 20 across your accounts. Not charged while a position is open, and up to three months can be refunded if you start trading again.
Custody Fee: No

Platforms & Tools

Trading Platforms: Web, Mobile, TradingView, MetaTrader 4 (MT4), MetaTrader 5 (MT5)
Mobile App: Yes
API Access: Yes
VPS Hosting: Yes
Automated Trading: Yes

How Oanda's costs compare

Spread from (major pairs)0.6 pips

Catalogue median: 0.8 pips across 49 brokers · lower is cheaper

Minimum deposit$0 - none

Catalogue median: $10 across 49 brokers · lower is more accessible

The marker is the median of every active broker we rate, computed from the same structured data as the reviews. Headline from-spreads are the broker's advertised best case; your account type and instrument change them.