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OANDA

New York, USA · Regulated

☆ 0.0 · 0 reviews

Spread (EUR/USD)

1.2 pips

Platforms

3

Regulation

Tier-1

About OANDA

OANDA is a US-based forex broker founded in 1996 by a computer scientist and an economist. It pioneered internet-based forex trading and remains one of the most trusted names in retail forex. Regulated by the CFTC/NFA in the US, FCA in the UK, and MAS in Singapore, OANDA offers 70+ forex pairs with no minimum deposit. Its proprietary fxTrade platform is praised for simplicity, and it integrates directly with TradingView. OANDA is known for transparent pricing, historical exchange rate data, and API access for developers.

Pros

+US CFTC/NFA regulated — highest tier of trust
+No minimum deposit requirement
+Proprietary fxTrade platform + TradingView
+Transparent pricing with no requotes
+Strong API for algorithmic traders
+Comprehensive historical forex data since 1996

Cons

-Limited asset class — primarily forex, few CFDs
-Spreads wider than ECN competitors (EUR/USD ~1.2 pips)
-No MT4/MT5 for US clients
-Withdrawal fees on some methods

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