FXBrokerTrust
OANDA

OANDA

CompliantChinese Support
Company Name
OANDA
Headquarters
United States
Founded
Founded in 1996
  • FCA
  • ASIC
  • NFA
  • SFC
  • MAS
  • FMA
Overall Score
9/10
Min Deposit
$0
Max Leverage
1:50
EUR/USD Spread
0.6 pips
Trading Platform
MT4, OANDA Trade, TradingView
Withdrawal Speed
1-3 business days

Overview

OANDA is a pioneer in internet-based forex trading, founded in 1996 by Dr. Michael Stumm and Dr. Richard Olsen. The broker is regulated by FCA, ASIC, NFA, and MAS, offering trading on forex, indices, commodities, bonds, and cryptocurrencies with no minimum deposit requirement.

Basic Information

Company Name
OANDA
Founded
Headquarters
United States
Official Website
https://www.oanda.com
Instruments
Forex, CFD, Indices, Commodities, Bonds, Cryptocurrencies
Account Types
Standard, Core, Ultra
Chinese Support
Yes

Regulation

Regulatory licenses and compliance status of this broker

  • GB
    FCAVerified

    Financial Conduct Authority · License NumberFRN 542574

  • AU
    ASICVerified

    Australian Securities and Investments Commission · License NumberAFSL 412871

  • US
    NFAVerified

    National Futures Association · License NumberNFA ID 0325821

  • HK
    SFCVerified

    Securities and Futures Commission · License NumberAUO327

  • SG
    MASVerified

    MAS · License NumberCMS100745

Trading Conditions

Trading Conditions

Max Leverage
1:50
Min Deposit
$0
EUR/USD Spread
0.6
Execution Type
Market Maker
Trading Platforms
MT4, OANDA Trade, TradingView
Instruments
Forex, CFD, Indices, Commodities, Bonds, Cryptocurrencies
Account Types
Standard, Core, Ultra

Deposits & Withdrawals

Deposit Methods
  • Bank Transfer
  • Credit/Debit Card
  • PayPal
  • Skrill
Deposit FeeFree
Withdrawal Methods
  • Bank Transfer
  • Credit/Debit Card
  • PayPal
Withdrawal Speed1-3 business days
Withdrawal FeeFree

Scoring Details

Regulatory QualificationWeight 30%
9.2
Trading EnvironmentWeight 20%
8.7
Fund SafetyWeight 15%
9.3
User ReputationWeight 15%
9
Platform FeaturesWeight 10%
8.8
Customer ServiceWeight 10%
8.5

Pros & Cons

Pros

  • No minimum deposit requirement
  • Regulated by FCA, ASIC, NFA, MAS, SFC
  • Flexible unit-based lot sizes
  • Autochartist pattern recognition included
  • REST API and FIX API available
  • TradingView integration
  • Negative balance protection
  • Strong brand reputation since 1996

Cons

  • Market maker execution only
  • Limited product range compared to competitors
  • No MT5 platform support
  • US leverage capped at 1:50
  • Limited customer support hours in some regions