This profile is built from public sources. Each licence row below shows whether our team has checked it against the regulator's register yet. Always confirm on the register yourself before you deposit.
OANDA has offered online currency trading since the 1990s and is one of the few brokers registered to serve US residents. It is licensed in most major jurisdictions.
Serving you from: OANDA Global Markets Ltd — BVI FSC Tier 3 (offshore)
Strengths
- Registered with the CFTC and NFA for US clients
- Tier 1 licences in the UK, Australia, Canada, Singapore and Japan
- No minimum deposit
Weaknesses
- Product range differs a lot between entities
- Spreads on standard pricing are not the lowest
- Ownership changed recently, so watch for changes to terms
Best for: US and Canadian residents who need a locally registered forex broker.
Visit OANDAOfficial site · we earn no commission here Compare
Key facts
- Founded
- 1996
- Headquarters
- United States
- Publicly listed
- No
- Group regulators
- CFTC/NFA, FCA, ASIC, CIRO, MAS, JFSA, MFSA, BVI FSC
- Min. deposit
- $0
- Platforms
- Own platform, MetaTrader 4, MetaTrader 5, TradingView
- Execution
- Market maker
- Copy trading
- No
- Islamic account
- No
- Demo account
- Yes
Regulation and legal entities
A broker brand is usually several companies. The one you open an account with decides your leverage limit, whether you have negative balance protection, and which compensation scheme, if any, covers you.
| Legal entity | Regulator | Licence no. | Max. leverage | Our check |
|---|---|---|---|---|
| OANDA Corporation United States | CFTC/NFA Tier 1 | 0325821 | 1:50 | Not yet verified by us Open register |
| OANDA Europe Limited United Kingdom · FSCS up to £85,000 | FCA Tier 1 | 542574 | 1:30 | Not yet verified by us Open register |
| OANDA Australia Pty Ltd Australia | ASIC Tier 1 | 412981 | 1:30 | Not yet verified by us Open register |
| OANDA (Canada) Corporation ULC Canada | CIRO Tier 1 | To be confirmed | Varies | Not yet verified by us Open register |
| OANDA Asia Pacific Pte Ltd Singapore | MAS Tier 1 | To be confirmed | Varies | Not yet verified by us Open register |
| OANDA Japan Inc. Japan | JFSA Tier 1 | To be confirmed | 1:25 | Not yet verified by us Open register |
| OANDA Europe Markets Ltd Malta | MFSA Tier 2 | To be confirmed | 1:30 | Not yet verified by us Open register |
| OANDA Global Markets Ltd British Virgin Islands | BVI FSC Tier 3 (offshore) | To be confirmed | Varies | Not yet verified by us Open register |
Accounts and fees
Spreads we measured
We have not measured live spreads for this broker yet. Until we do, cost does not count towards its rating.
Platforms and execution
OANDA offers Own platform, MetaTrader 4, MetaTrader 5, TradingView. Execution model as described by the broker: Market maker.
Deposits and withdrawals
We have not run our own deposit and withdrawal test with this broker yet. When we do, the log appears here with dates and times.
Country availability
Pick your country at the top of the page to see which OANDA entity would serve you.
Alternatives with a shared regulator
| Broker | Trust Score | Your entity & regulator | Min. deposit | Platforms | |
|---|---|---|---|---|---|
| CMC Markets Since 1989 · LSE: CMCX | 91/99 | FCA #173730 CMC Markets UK plc | $0 | Own platform, MetaTrader 4, TradingView | Review Visit CMC MarketsOfficial site · we earn no commission here |
| Interactive Brokers Since 1978 · NASDAQ: IBKR | 91/99 | CFTC/NFA #0258600 Interactive Brokers LLC | $0 | Own platform, TradingView | Review Visit Interactive BrokersOfficial site · we earn no commission here |
| City Index Since 1983 · NASDAQ: SNEX (parent) | 89/99 | FCA #446717 StoneX Financial Ltd | — | Own platform, MetaTrader 4, TradingView | Review Visit City IndexOfficial site · we earn no commission here |
Trust Score and regulator are shown for the legal entity that serves your country. Change country at the top of the page.
Frequently asked questions
Is OANDA regulated?
OANDA operates through 8 legal entities in our database, holding licences or registrations with: CFTC/NFA, FCA, ASIC, CIRO, MAS, JFSA, MFSA, BVI FSC. Which entity you sign up with depends on where you live, and so does the protection you get. Check the licence number on the regulator's own register before you deposit.
What is the minimum deposit at OANDA?
OANDA advertises a minimum first deposit of $0 on its entry-level account. The amount can differ by entity, account type and payment method.
Which trading platforms does OANDA offer?
OANDA offers: Own platform, MetaTrader 4, MetaTrader 5, TradingView. Platform availability can vary between its entities.
Is OANDA a safe broker?
No broker is risk-free. Our Global Trust Score for OANDA is 54 out of 99. The score reflects the regulator tier of the entity that serves you, the group's other licences, company structure and track record. It says nothing about whether trading will be profitable for you.