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OANDA Review 2026

Written By

Jemma Grist

Written By

Jemma Grist

Broker Analyst and Editor

Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.

» Jemma Grist Profile Page

Edited By

William Berg

Edited By

William Berg

Securities Law Expert

William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.

» William Berg Profile Page

Fact Checked By

James Barra

Fact Checked By

James Barra

Head of Content

James is Head of Content and a brokerage expert with a background in financial services. A former management consultant, he's worked on major operational transformation programmes at top European banks. A trusted industry name, James's work at DayTrading.com has been cited in publications like Business Insider.

» James Barra Profile Page

Updated

Apr 13, 2026

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OANDA will serve day traders looking for a trustworthy broker with a beginner-friendly platform, superb research and straightforward account opening. The $0 minimum deposit and excellent customer support makes it especially attractive to newer traders.

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Customer Reviews

Minimum Deposit $0

Trading Platforms OANDA Trade, MT4, MT5, TradingView, AutoChartist, Quantower

Instruments CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, ETFs, Spread Betting

Regulators FCA, CIRO, ASIC, MAS, JFSA, KNF, BVI FSC

Account Currencies USD, EUR, GBP, CAD, AUD, JPY, CHF, HKD, SGD

Payment Options Wire Transfer, Visa, Mastercard, Debit Card, Credit Card, Trustly, Skrill, Neteller, PayNow

Awards

• Voted Broker of the Year 2023 — TradingView Broker Awards
• Awarded Best Platform Features 2023 — Investment Trends US Leverage Trading Report
• Awarded Best Overall Client Satisfaction 2023 — Investment Trends UK Leverage Trading Report
• Voted Most Popular Broker 2022 — TradingView Broker Awards
• Awarded No.1 Broker for Client Satisfaction 2022 — Investment Trends Singapore CFD & FX Report

Pros

• The $0 minimum deposit will appeal to newer traders
• Spreads are tight and there are zero hidden fees
• OANDA has enhanced its suite of stocks, now providing exposure to over 2,200 US and European shares
• Oversight from tier-one regulators like the FCA and ASIC makes the broker reliable and trustworthy
• The OANDA Trade web platform serves serious day traders, with 100+ technical indicators, an economic overlay and a Dow Jones news feed
• The guaranteed stop loss order (GSLO) is a useful risk management tool not available at many alternatives
• There are no restrictions on short-term trading strategies with scalping, hedging and netting permitted
• With 68 forex pairs and access to a premium MT4 upgrade, the broker will serve active forex traders

Cons

• High-volume day traders get limited fee rebates or perks compared to leading brands
• In 2025, OANDA was ordered to pay a $600,000 settlement relating to issues about how it displayed prices and failed to maintain adequate net capital.
• The range of payment methods trail competitors, only offering a handful vs the 10+ available at alternatives like AvaTrade
• It's a shame that social and copy trading tools aren't supported for traders who want to explore other ways to trade
• Weekend customer support and extended hours trading aren't available

In this review of OANDA, I assess the broker’s trading accounts, fee structure, platform features and more. I also consider how the brokerage compares to alternatives when it comes to market research, education and payment methods.

The OANDA Group has multiple subsidiaries who are licensed to offer products to clients around the globe. The OANDA subsidiary with whom a client contracts depends on their country of residence. Each subsidiary provides different products via different platforms, so clients will experience OANDA differently depending on their country of residence. Note, CFDs are not available to US traders.

Regulation & Trust

A key consideration for me when reviewing brokers is whether I can trust the firm to keep my funds safe and protect me from scams.

My research into OANDA uncovered a solid regulatory status and an excellent reputation, with a history spanning over 25 years. This gives me peace of mind and the assurance of a trustworthy broker.

Jemma Grist

Author

Founded in 1996, OANDA is a globally recognized foreign exchange firm and CFD broker. With multiple awards and a limited history of major security breaches or scams, OANDA has gained a strong reputation.

I’m also glad to see that retail investors can be assured of negative balance protection and segregated client funds in many regions, thanks to the top-tier oversight from several authorities.

That said, OANDA did reach a settlement with the NFA in 2025 in relation to failings surrounding how it displayed prices, maintained net capital, and for not correctly offsetting FX exposures with an affiliate. It also had to pay restitution up to $428,592.26.

It’s important to check the exact entity, URL and retail protections you’ll be signing up for as this can vary. Below is a breakdown of the key OANDA entities and their license details. Note the broker’s US regulatory details are not listed below – these are covered in our OANDA US review. Green to red tiers below are based on our financial regulator classification system.

OANDA (Canada) Corporation ULC (CIRO)

• Entity URL: https://www.oanda.com/ca-en/
• Verify License: CIRO firm profile
• Regulator Classification (Green to Red): CIRO (green-tier – strong safeguards)
• Protections: Canadian clients are onboarded to a CIRO-regulated investment dealer. Customer accounts are protected by the Canadian Investor Protection Fund within specified limits, with protection of up to C$1,000,000 per client within applicable limits if the firm becomes insolvent. But client balances are not generally held in segregated bank accounts unless they exceed certain thresholds. Still, this does not protect against ordinary market losses.
• Who Gets Signed Up Under This Entity: Clients in Canada.

OANDA Europe Limited (FCA)

• Entity URL: https://www.oanda.com/uk-en/
• Verify License: 542574
• Regulator Classification (Green to Red): FCA (green-tier – high oversight)
• Protections: UK clients benefit from FCA client money and custody rules, with client money ring-fenced and held in segregated trust accounts. Retail CFD protections also include the UK regime’s leverage caps from 1:30 to 1:2, a 50% margin close-out rule and negative balance protection. Access to the FSCS up to £85,000 also provides some protection against OANDA insolvency. However as with all brokers, this does not insure trading losses.
• Who Gets Signed Up Under This Entity: Clients in the United Kingdom, Switzerland, Norway and Liechtenstein.

OANDA Coinpass Limited (FCA cryptoasset registration)

• Entity URL: https://crypto.oanda.com/uk-en/
• Verify License: 921481
• Regulator Classification (Green to Red): FCA cryptoasset registration (green-tier – AML registration, not full investment-firm regulation)
• Protections: OANDA Coinpass Limited is registered with the FCA under the UK Money Laundering Regulations for certain cryptoasset activities. The main regulatory emphasis is AML/CTF compliance rather than the full prudential and conduct framework that applies to an FCA-authorised investment firm. Customers do not have access to the Financial Ombudsman Service or the Financial Services Compensation Scheme if something goes wrong. This should not be treated as equivalent to full investor protection.
• Who Gets Signed Up Under This Entity: UK clients using OANDA Crypto rather than the main CFD/forex brokerage account.

OANDA Australia Pty Ltd (ASIC)

• Entity URL: https://www.oanda.com/au-en/
• Verify License: AFSL 412981
• Regulator Classification (Green to Red): ASIC (green-tier – strong safeguards)
• Protections: Australian clients are onboarded to an ASIC-regulated broker with client money held in a trust account at a major Australian bank and maintained separately from OANDA’s own funds. Retail CFD clients also benefit from ASIC’s product intervention regime, including leverage caps from 1:30 to 1:2, margin close-out protections and negative balance protection. The trade-off versus the UK is that Australia does not provide a broad statutory investor compensation scheme like the FSCS.
• Who Gets Signed Up Under This Entity: Clients in Australia.

OANDA Asia Pacific Pte Ltd (MAS)

• Entity URL: https://www.oanda.com/sg-en/
• Verify License: MAS CMS Licence record
• Regulator Classification (Green to Red): MAS (green-tier – high supervisory standards)
• Protections: Singapore clients are onboarded to a Capital Markets Services licensee regulated by MAS for dealing in over-the-counter derivatives contracts. Client deposits are held in trust accounts with Singapore banks, specifically Standard Chartered Bank and DBS Bank. MAS oversight is generally strong on conduct and custody controls, but Singapore does not provide a simple FSCS-style compensation scheme for ordinary broker insolvency.
• Who Gets Signed Up Under This Entity: Clients in Singapore.

OANDA Japan Inc. / OANDA Japan Co. Ltd. (JFSA / Kanto Local Finance Bureau)

• Entity URL: https://www.oanda.jp/
• Verify License: Kanto Local Finance Bureau (FIBO) No. 2137
• Regulator Classification (Green to Red): JFSA / Kanto LFB (green-tier – strong safeguards)
• Protections: Japanese clients are onboarded through OANDA’s local Japan entity, which is regulated under Japan’s Type I Financial Instruments Business regime. Customer margin is managed separately through trust preservation arrangements with trust banks, which is a strong local client-asset protection model. Still, trust preservation does not guarantee principal and that, in sharp market moves, losses can exceed deposited margin despite loss-cut rules. It is not an insurance policy against leveraged trading losses.
• Who Gets Signed Up Under This Entity: Clients in Japan.

OANDA TMS Brokers S.A. (KNF / MiFID)

• Entity URL: https://www.oanda.com/eu-en
• Verify License: KPWiG-4021-54-1/2004
• Regulator Classification (Green to Red): KNF / MiFID (green-tier – strong EEA safeguards)
• Protections: EU clients are onboarded to OANDA TMS Brokers S.A. in Poland and receive MiFID-style protections including segregation of client money and investment assets. OANDA participates in the compensation scheme operated by Krajowy Depozyt Papierów Wartościowych S.A. where investor claims are protected up to the PLN equivalent of €3,000 at 100%, then 90% of the excess, with an overall cap at the PLN equivalent of €22,000. Cash held in separate bank accounts for OANDA TMS clients is covered by the Polish Bank Guarantee Fund up to the PLN equivalent of €100,000 per client per bank. Retail CFD clients are also subject to the standard EU leverage limits and negative balance protection framework. This still does not protect against normal trading losses.
• Who Gets Signed Up Under This Entity: Clients in the EU27.

OANDA Global Markets Ltd (BVI FSC)

• Entity URL: https://www.oanda.com/bvi-en/
• Verify License: SIBA/L/20/1130
• Regulator Classification (Green to Red): BVI FSC (red-tier – weaker offshore oversight)
• Protections: Clients onboarded through OANDA Global Markets in the British Virgin Islands receive baseline regulatory supervision. Client money is held in segregated client money bank accounts separate from the firm’s own money. However, this is a materially lighter investor-protection regime than the FCA, MAS, ASIC or the EU MiFID framework. There is no compensation scheme comparable to the FSCS, CIPF or Poland’s KDPW investor compensation mechanism for this entity.
• Who Gets Signed Up Under This Entity: Clients in many emerging and international markets not covered by OANDA’s local higher-tier entities.

Due to OANDA’s strong brand presence, it’s vital to keep an eye out for clone websites and make sure you open an account through the right entity and URL with corresponding license details. Scammers may impersonate OANDA’s branding or staff to try and lure retail investors into making deposits. For example, the CySEC has warned about primusforex.net, which was copying the website of OANDA TMS (OANDA’s Polish brokerage branch). Elsewhere, the SC in Malaysia has warned about potential clone entity Oanda Malaysia Corporation, OANDA SDN. BHD. 

Accounts & Banking

OANDA offers a Standard Account with access to all instruments, with the option of a professional account for eligible clients.

On the negative side, there is no swap-free account for Muslim traders, which I’ve seen at many alternatives, including AvaTrade.

Competitive floating spreads are available from 0.8 pips on popular forex pairs, with zero commissions, making OANDA a good choice for casual and active traders alike.

Importantly, the $0 minimum deposit makes the broker accessible to beginners, especially when compared to similar brands:

Additionally, retail traders get access to the broker’s full suite of platforms, including MetaTrader 4 (MT4) and TradingView, as well as the broker’s proprietary solution, OANDA Trade.

Deposits & Withdrawals

OANDA offers a fairly narrow selection of funding methods in comparison to other brokers I’ve assessed.

Clients can load their accounts with credit/debit cards and wire transfers, however, I found a limited choice of popular e-wallets like PayPal, which depend on your jurisdiction.

You can see from my comparisons below how OANDA trails behind top alternatives.

For the fastest processing times, I’d recommend Visa and Mastercard payments, which offer near-instant funding. I found that wire transfers are much slower and can take up to 5 working days based on tests.

Nonetheless, I appreciated that there are no deposit or withdrawal fees, an advantage over many alternatives. The $0 minimum deposit requirement will also appeal to newer traders on a budget.

How To Make A Deposit

I found depositing money through the OANDA client terminal fast. To fund your account:

1. Log in to the client area and select ‘Deposit’ from the dashboard interface
2. Choose the trading account you want to add funds to from the dropdown menu
3. Choose a payment method, such as a wire transfer or bank card
4. Follow the on-screen instructions to complete the payment (this will vary by method; you will need to add card details for example)
5. Review the payment information and confirm the request

Note that a $1000 deposit limit applies if you have not verified your personal information.

Bonuses & Promotions

OANDA does not offer a welcome bonus. However, I don’t consider this a major drawback since they are prohibited by several regulators.

I think it’s a shame, though, that there’s no loyalty program for seasoned or high-volume traders. This would be an excellent way for investors to get discounts on trades alongside membership perks.

That said, I would never recommend picking a broker based on their loyalty schemes or promotional deals.

Jemma Grist

Author

Demo Account

OANDA offers a demo account with up to $100,000 in virtual funds.

Importantly, there’s no time limit on the demo account, so you can continue testing strategies alongside your real money account. Many brokers automatically close demos after 30 or 60 days, so this is a standout feature for me.

Assets & Markets

Initially, I was a little disappointed during testing to find that market coverage varies significantly at OANDA depending on your jurisdiction.

For example, UK clients can only access around 120 instruments, whilst the European entity offers over 3,200.

Still, the selection of currency pairs is above the market average and the range of stocks and ETFs is particularly strong, especially given the broker’s continued strides to provide additional trading opportunities with new European shares introduced in 2024.

Also, OANDA has expanded its CFDs for clients in Singapore and Australia in January 2026 to include US and European share CFDs, bringing with it big names like Nvidia, Microsoft, and Tesla

Overall, OANDA matches up well with top competitors:

I’ve summarized the available asset classes below:

• Bonds – Trade 6 government bonds including the UK 10-year Gilt and US 5-year T-note
• Stocks – Over 2,200 shares including big US and European companies like Amazon, Tesla, Netflix and Adidas
• Indices – Speculate on 15 major global indices including the FTSE100, S&P500, DE30 and ASX200
• Forex – Trade 68 major, minor, and exotic currency pairs including EUR/USD, USD/CAD, AUD/JPY and GBP/USD
• Commodities – Speculate on over 12 precious metals, energies, and soft commodities including Brent crude oil, wheat, gold and silver
• Cryptocurrencies – 18 crypto tokens are available to trade against the USD, including Bitcoin, Ethereum and Litecoin
• ETFs – A strong range of 41 share baskets are available covering a range of sectors including technology, healthcare and raw materials

I think some notable improvements could be made by introducing shares to more OANDA entities, including the UK. This will ensure greater market coverage for traders who are keen to build a diversified portfolio.

Jemma Grist

Author

Leverage

OANDA offers leveraged trading in line with regulatory requirements. For example, EU clients can trade forex up to 1:200, whilst the UK entity permits leverage up to 1:30. These are in line with similar brands, as per my comparison table below.

I strongly recommend beginners approach high leverage with caution, as losses can be magnified. Employing tools like stop-loss orders can help to minimize your risk.

Helpfully, a margin call will be issued by OANDA if your account balance falls to 50% of the margin requirement.

Execution

My research found that OANDA is a market maker, or dealing desk broker.

Market makers essentially create liquidity in the market, and in return add a small markup to the buy and sell price of a security.

I was particularly impressed with the fast order execution speeds on the broker’s proprietary platform, with an average of 12 milliseconds. I consider anything below 100 milliseconds good.

Fees & Costs

Trading Fees

OANDA’s single pricing structure consists of floating spreads with zero commissions.

My conclusion: The broker’s zero-commission pricing model keeps things simple for beginners who will only have the spread cost to consider.

With that said, the lack of raw pricing available at other competitors may be a drawback for high-volume or active traders looking for the lowest spreads.

When I tested fees, I was offered spreads from 0.8 pips on the EUR/USD and 1.1 pips on the USD/JPY. This compares well against similar accounts at FxPro and Pepperstone, but not so much with FXCM and IC Markets. You can see my cost comparisons of these brands below:

Non-Trading Fees

My tests uncovered a $10 monthly inactivity fee which kicks in after 12 months of inactivity. These are more favorable terms than some competitors, who often begin charging after only 3 months.

There may also be a currency conversion fee if the instrument you are trading is denominated in a different currency than your account.

Finally, overnight fees also apply for open positions held after 5:00 pm (ET), which is fairly standard.

Platforms & Tools

OANDA offers MetaTrader 4 (MT4) and a proprietary solution: OANDA Trade, which is powered by TradingView software.

What’s my verdict after testing both options?

• OANDA Trade is my pick for beginners looking for a user-friendly web and mobile solution with powerful charting features and customization.
• MT4 will work for more experienced traders looking for automated trading tools and an online marketplace.

All in all, OANDA stands up well against competitors when it comes to platform access, as you can see below.

OANDA Trade

Design & Usability

The OANDA Trade terminal features a simple design and easy navigation. The workspace features instant snapshot views of pending orders and current open positions, as well as the markets window.

I was able to access good customization features, with the option of creating multiple profiles and adjusting the workspace using drag-and-drop windows.

The terminal is also integrated well within the client dashboard, and I was able to easily navigate to other areas of my profile.

My only minor complaint is that the terminal feels a little clunkier than others that I’ve tested. Some functions, such as the latest news, also take a couple of minutes to load.

Jemma Grist

Author

Charting Tools

OANDA Trade’s interface is powered by TradingView, a widely used trading software with comprehensive charting and analysis tools.

There’s an impressive range of 100+ in-built technical indicators and 50+ drawing tools – easily rivalling the likes of MT4.

I also like that you can have up to 8 charts open simultaneously in a single layout, which is ideal for serious technical analysts.

In addition, you get:

• Access to Depth of Market (DoM) data
• Backtesting functionality using historical data, plus currency heat maps and real-time news to evaluate opportunities
• 12 different alert/notification settings based on a pre-defined strategy, indicator, or price conditions
• Performance behavior analytics and portfolio data overview with trade journal integration
• Advanced analysis tools including position ratios, news aggregator, and order book overlay

Order Types

I could execute market, limit and stop orders at OANDA, with the option to attach take profit and stop loss orders to each.

Additional risk management parameters are available including guaranteed stop-loss orders (GSLOs), which I strongly recommend utilizing, especially for beginners.

How To Place A Trade

Placing a trade on the OANDA Web platform was fairly straightforward, though not as seamless as MT4 in my view.

1. Click the buy or sell icons above the chart (blue/red) to open the new order screen
2. Highlight the order type (market, limit or stop)
3. Use the arrows to increase/decrease the number of units to trade
4. Review the trade value and margin requirements (these will change as you input the order size)
5. Add stop loss or take profit prices (optional)
6. Click ‘Submit’ to confirm the order

MetaTrader 4

Design & Usability

In contrast to TradingView-powered terminals, MT4 features a more traditional design. That said, MT4 doesn’t compromise on customizability or user-friendliness.

Many traders find the platform exceptionally easy to grasp, with a clean interface and intuitive navigation features.

Charts and windows can be easily customized, and it’s easy to find chart tools using the integrated toolbars.

Charting Tools

MT4 offers 30 customizable technical indicators and 31 drawing tools, plus 9 chart time frames.

Single-thread strategy testing is available, as well as the option to use Expert Advisors (EAs).

For dedicated algo traders, you can also access thousands of additional indicators and robots in the MQL4 marketplace.

Order Types

I was pleased to see that you can access the same order types at MT4 as you can with OANDA Trade:

• Market
• Pending (limit and stop)
• Take profit
• Stop loss

You can set these parameters easily using the drop-down functions in MT4’s trade order window.

Mobile App

OANDA Trade is also available via an intuitive mobile app which stands up well against other apps I’ve tested.

The design of the app feels sleeker than the web version. The interface is user-friendly, and I was able to navigate all functions easily. Customization is also very intuitive – I was able to adjust my chart sizes easily.

Unlike many other apps, OANDA Trade also lets you conduct technical analysis using 30+ technical indicators, 11 drawing tools and 9 chart types. Additionally, I was able to place orders directly from my charts.

Other excellent tools include signals, price alerts, a live newsfeed, an economic calendar, and the performance analytics dashboard.

Overall, I was thoroughly impressed with the functionality of the mobile app.

Beginners and more experienced traders alike should find sufficient tools for technical analysis, market research and account management whilst on the go.

Additional Tools

I’ve evaluated dozens of brokers and OANDA offers one of the best selections of additional tools to enhance the trading experience.

There’s a spread calculator, live and monthly FX rates, technical analysis from Autochartist, and an MT4 premium upgrade.

I have focused on some of the tools I found the most useful below.

Autochartist

I was particularly pleased to see Autochartist technical analysis, which integrates seamlessly with the OANDA platform.

Autochartist essentially monitors the market to identify chart patterns and uncover potential trading opportunities.

There’s an automated alert function for emerging patterns and correlating signals, which is highly useful for viewing real-time market volatility.

Overall, I think any trader looking to elevate their technical analysis strategies should use this tool. It’s easy to install from the client area and, importantly, it’s free for all clients.

MT4 Premium Upgrade

Another standout feature is the MT4 premium package which is also available to download for free.

The upgrade connects you to OANDA’s premium research features, including content from Dow Jones, plus market sentiment and two event calendars.

Additionally, I was able to access 28 additional tools and indicators including a mini terminal, correlation matrix, market manager, and a session map.

Research

Alongside the additional research tools in the MT4 premium upgrade, OANDA also offers comprehensive forex research tools within the platform.

The Dow Jones FX Select feature gives you live news bulletins, expert trend analysis and analyst commentary, all from one dashboard.

Additionally, the broker’s proprietary research portal, MarketPulse, is packed with news reports, technical insights, an economic calendar, plus podcasts and videos.

Both features are directly accessible from your platform workspace or client dashboard menu.

Education

OANDA also scores well when it comes to education, offering high-quality resources for aspiring traders.

Though not as extensive as the likes of eToro, I think there are plenty of resources to help you get the most out of your online trading experience.

Topics include fundamental and technical analysis, how to apply indicators and oscillators to trading and an introduction to trading with leverage.

I particularly rated the live market analysis webinars, which are hosted weekly with insights into forex, indices, commodities, and cryptocurrency markets. These events are available to customers with a live account only.

On the negative side, I didn’t find any integrated tutorial videos or more interactive learning mediums. The articles are also quite text-heavy in my view, which may deter some beginners.

Jemma Grist

Author

Customer Support

My personal experience with OANDA’s customer support has been very positive.

Telephone support is available from Monday to Friday, 8:00 am to 8:00 pm (CET). This includes agents in English, Spanish, French, and German. Alternatively, you can contact the broker by email or online chat 24/5.

I find that live chat is the fastest way to get help. I received a response within 3 minutes each time I tested the broker. The email service was equally impressive, with responses received within 30 minutes on average during testing.

Here’s a breakdown of support methods:

• New Customers – info@eu@oanda.com
• Existing Customers – cxsupport@oanda.com
• Telephone Number (Existing Customers) – Poland (+48) 799366830, Malta (+356) 20345018, Spain (+34) 910479707, France (+33) 182884361 and Germany (+49) 6995019607
• Telephone Number (New Customers) – Poland (+48) 799399910, Germany (+49) 6995019606, Spain (+34) 911120029, France (+33) 184131722, Italy (+39) 0684009607 and Netherlands (+31) 203233130

Should You Trade With OANDA?

My extensive assessment has uncovered some notable reasons why beginners and experienced traders should trade with OANDA.

The $0 minimum deposit, unlimited demo account and zero-commission pricing will serve novices looking for a budget-friendly and flexible service.

Additionally, the advanced trading packages, best-in-class research and powerful trading platforms make OANDA a good choice for seasoned investors looking for reliable tools.

FAQ

Is OANDA A Good Broker?

Yes, OANDA is a good broker based on my evaluation. The firm is overseen by tier-one regulators, including the UK Financial Conduct Authority, has low trading fees, more than 65 forex pairs, plus excellent tools from MetaTrader, TradingView, Autochartist, and its in-house web platform.

Is OANDA A Reliable And Trustworthy Broker?

My research has found that OANDA is a trustworthy broker with strong regulatory credentials, tens of thousands of clients, and multiple awards.

The broker also offers negative balance protection, segregates client funds, and facilitates access to compensation schemes (country-dependent) for retail investors.

Is OANDA Good For Day Trading?

OANDA is a very good broker for day trading. Its spreads are tight, helping to reduce costs for active day traders, while the web platform offers a superb selection of technical indicators and charting tools. OANDA also supports multiple day trading strategies and systems, including scalping and algo trading.

Does OANDA Have Low Fees?

Tests have found that OANDA offers lower-than-average trading fees. When I used OANDA, I was offered the EUR/USD with a 0.8 pip spread with zero commissions. That said, spreads are not the most competitive in the industry.

Does OANDA Have A Mobile App?

Yes, OANDA offers a proprietary mobile app which facilitates on-the-go trading and straightforward account management. I highly rated the custom charting and in-app research. The application is available on Apple and Android devices.

Best Alternatives to OANDA

Compare OANDA with the best similar brokers that accept traders from your location.

1. Interactive Brokers – Interactive Brokers (IBKR) is a premier brokerage, providing access to over 170 markets across 40 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
   Go to Interactive Brokers
2. FOREX.com – Founded in 2001, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.
   Go to FOREX.com

OANDA Comparison Table

Compare Trading Instruments

Compare the markets and instruments offered by OANDA and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

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