Oanda Review
Key Facts
Regulation
FCA · CTFC · NFA+6 more
Broker Type
Market Maker
Min. Deposit
$0
Platforms
Web, Mobile, TradingView, MetaTrader 4 (MT4), MetaTrader 5 (MT5)
Fees
Low
Max Leverage
1:200
Demo Account
Yes
Our Ratings
4.6
out of 5
Safety & Regulation4.7
Fees & Costs4.4
Platforms & Execution4.6
Education3.9
75% of retail FX and CFD accounts lose money.
Pros & Cons
Pros
- +Strong global regulatory framework
- +Fast and easy account opening
- +Low forex trading fees
- +Multiple fast and secure payment methods
- +No minimim deposit
- +Negative balance protection
- +No deposit and Withdrawal fee
- +Multiple account currency options
- +Outstanding research tools
- +Demo account for practise trading
- +User-friendly mobile and web platforms
- +Supports Tradingview, MT4, and MT5
- +No restrictions on trading style
- +Great customer support
Cons
- −Limited product range
- −Average CFD trading fees
- −Inactivity fee after a year of account inactivity
- −No integrated social, copy or PAMM trading feature
- −Educational offering can be improved
Oanda - At a Glance
Trading Conditions
- Broker Type
- Market Maker
- Minimum Deposit
- $0
- Maximum Leverage
- 1:200
- Spread Type
- Variable
- Spread From
- 0.6
- Commission
- $0
- Decimal Pricing
- 5 decimals
- Minimum Lot Size
- 0.01
- Maximum Lot Size
- 600
- Hedging
- Yes
- Scalping
- Yes
- Assets Offered
- Forex, CFDs
Account Types
- Demo Account
- Yes
- Swap Free Account
- Yes
- Managed Account
- No
- PAMM / MAM Trading
- No
- Joint Account
- Yes
- Social / Copy Trading
- No
- Bonuses
- Yes
- Contests
- No
Platforms & Tools
- Trading Platforms
- Web, Mobile, TradingView, MetaTrader 4 (MT4), MetaTrader 5 (MT5)
- One Click Trading
- Yes
- OCO Orders
- Yes
- Trailing Stop Loss
- Yes
- API Access
- Yes
- VPS Hosting
- Yes
Company
- Regulation
- FCA (United Kingdom), CTFC (United States), NFA (United States), MFSA (Europe), CIRO (Canada), ASIC (Australia), MAS (Singapore), FFAJ (Japan), FSC (British Virgin Islands)
- Segregated Client Funds
- Yes
- Negative Balance Protection
- Yes
- 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
- Payment Methods
- Bank Transfer, ACH, Credit Card, Debit Card, Wise, Paypal, Skrill, Neteller
- Account Currencies
- USD, GBP, EUR, AUD, CAD, HKD, CHF, SGD, JPY
- 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