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OANDA

New York, USA · CFTC/NFA (United States), FCA (UK), ASIC (Australia), CIRO (Canada), MAS (Singapore)

Created Jul 1, 2026 · Updated Jul 18, 2026

☆ 0.0 · 0 reviews

Spread (EUR/USD)

0.6 pips

Platforms

7

Regulation

Tier-1

About OANDA

OANDA was founded in 1996 and is headquartered in New York, USA. It is a fully regulated forex and CFD broker operating across nine global regions, with entities regulated by the CFTC/NFA (US), FCA (UK), ASIC (Australia), CIRO (Canada), and MAS (Singapore). The broker offers trading in over 65 forex pairs, plus gold, oil, and bonds, with no minimum deposit required. It supports the OANDA Trade platform, MetaTrader 4 (MT4), MetaTrader 5 (MT5), and TradingView integration, with floating spreads averaging 0.6 pips on EUR/USD and zero commissions on standard accounts.

Pros

+Tier-1 regulation across five major jurisdictions (CFTC/NFA, FCA, ASIC, CIRO, MAS)
+No minimum deposit required to open an account
+Support for MT4, MT5, OANDA Trade, and TradingView
+Transparent floating spreads with zero commissions on standard accounts
+Accepts US-based forex traders through CFTC/NFA-regulated entity

Cons

-No access to cryptocurrency markets for UK clients
-Limited asset class compared to some multi-asset brokers (no crypto for most regions)
-Spreads average 0.6 pips on EUR/USD, higher than some low-cost competitors
-Max leverage limited to 1:30 in most jurisdictions (up to 200:1 for Pro accounts in some regions)
-Proprietary platform does not lead the pack in features compared to MT4/MT5

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