Regulators
FCA, ASIC, CFTC/NFA, MAS, FSA Japan, IIROC
Min. deposit
$0 (no minimum)
Spread from
0.6 pips (Standard)
Max. leverage
Up to 1:30 (EU retail) / 1:50 (US)
Platforms
MT4, MT5, OANDA Trade (web + mobile), TradingView
Founded
1996 · Toronto, Canada / New York, USA
OANDA review summary
OANDA is one of the oldest retail FX brokers globally, founded in 1996 and operating across the US, UK, EU, Australia, Singapore, Japan, and Canada. It is one of only a handful of brokers with direct CFTC/NFA US regulation alongside the standard tier-1 set (FCA, ASIC, MAS).
The proprietary OANDA Trade platform is among the cleanest in the industry — web + mobile native, no MT4 baggage, with built-in fractional pip pricing and unique features like the FX Order Book showing real-time client position data.
For US traders, OANDA + Forex.com are essentially the only two credible regulated retail FX options. For EU/UK traders, OANDA is a strong tier-1 alternative to IG and Pepperstone with a particularly clean platform experience.
Where to trade
OANDA is the best choice if you need US-regulated FX access. EU traders should compare against Pepperstone and IG for spread/platform fit.
OANDA — Frequently Asked Questions
Is OANDA regulated and safe?
OANDA is regulated by FCA, ASIC, CFTC/NFA, MAS, FSA Japan, IIROC. Client funds are held in segregated accounts at tier-1 banks and the broker operates under active financial-services licenses. Verify each license number on the regulator's official website before opening an account.
What is the minimum deposit at OANDA?
The minimum deposit at OANDA is $0 (no minimum). Most account types accept this minimum; premium tiers may require higher deposits — see the account-types table above.
What are the typical spreads at OANDA?
Spreads at OANDA start from 0.6 pips (Standard). Actual spreads vary by account type, instrument, time of day, and market volatility. Raw/ECN accounts add a per-lot commission on top of the tighter spread.
What trading platforms does OANDA offer?
OANDA supports: MT4, MT5, OANDA Trade (web + mobile), TradingView. MT4 / MT5 are the industry standards; cTrader is preferred for ECN execution; proprietary platforms offer broker-specific tools but less third-party compatibility.
What is the maximum leverage at OANDA?
Maximum leverage at OANDA: Up to 1:30 (EU retail) / 1:50 (US). EU retail clients are capped at 1:30 by ESMA rules regardless of broker policy. Professional clients and offshore-entity clients can access higher leverage subject to qualification.
Who is OANDA best suited for?
US-resident traders + serious EU/UK traders wanting institutional-grade regulation and a clean proprietary platform.