Skip to content

OANDA Review & User Rating 2021

OANDA is a premier forex broker that caters to hundreds and thousands of CFD and forex traders around the globe. Established by Dr. Richard Olsen and Dr. Michael Stummin 1996. OANDA operates through eight financial centers and serves clients in more than 196 countries.

Min. Deposit : 1 USD
Max. Leverage : 1:50
Headquarters : United States

[rating_form id=”21″]

OANDA Review

An award-winning global company offering leading currency solutions for both retail and corporate clients. OANDA’s vision is to transform how our clients can meet all their currency needs.

Forex Trading

OANDA offer clients the opportunity to trade a broad range of financial products with Forex in the US and Japan; Forex and CFDs (contracts for difference) in Canada, UK, EMEA, APAC and Australia. Our award-winning platform offers exceptional execution with sophisticated trading tools and advanced charting packages with an extensive range of leading edge indicators and drawing tools powered by TradingView.

oanda review

Currency Data & Analytics

As a global leader in corporate FX solutions, OANDA provide the gold standard in foreign exchange data via our exchange rates API and Historical Currency Converter. OANDA’s exchange rates API is trusted by thousands of global companies and delivers data automatically on 200+ currencies with access to 25 central bank exchange rates. Daily averages, real-time (spot), tick-level, forward rates and more are delivered automatically for clients into their ERP, TMS, digital product, app or website. Our historical currency converter provides clients with up to 25 years of historical exchange rates across 38,000 currency pairs.

OANDA Regulation

When it comes to the safety of customer accounts, OANDA really needs to step up and do more. Even though the broker has managed to build a solid reputation among traders, they need to take additional steps in the direction. The broker has been duly authorized by theΒ ASIC, IIROC, JFSA, MAS, FCA and the CFTC.

Financial spread betting is only available to OANDA Europe Ltd customers who reside in the UK or Republic of Ireland. CFDs, MT4 hedging capabilities and leverage ratios exceeding 50:1 are not available to US residents. The information on this site is not directed at residents of countries where its distribution, or use by any person, would be contrary to local law or regulation.

OANDA Corporation is a registered Futures Commission Merchant and Retail Foreign Exchange Dealer with the Commodity Futures Trading Commission and is a member of the National Futures Association. No: 0325821. Please refer to the NFA’s FOREX INVESTOR ALERT where appropriate.

OANDA (Canada) Corporation ULC accounts are available to anyone with a Canadian bank account. OANDA (Canada) Corporation ULC is regulated by the Investment Industry Regulatory Organization of Canada (IIROC), which includes IIROC’s online advisor check database (IIROC AdvisorReport), and customer accounts are protected by the Canadian Investor Protection Fund within specified limits. A brochure describing the nature and limits of coverage is available upon request or at

OANDA Europe Limited is a company registered in England number 7110087, and has its registered office at Floor 3, 18 St. Swithin’s Lane, London EC4N 8AD. It is authorised and regulated by the Financial Conduct Authority, No: 542574.

OANDA Asia Pacific Pte Ltd (Co. Reg. No 200704926K) holds a Capital Markets Services Licence issued by the Monetary Authority of Singapore.

OANDA Australia Pty Ltd is regulated by the Australian Securities and Investments Commission ASIC (ABN 26 152 088 349, AFSL No. 412981) and is the issuer of the products and/or services on this website. It’s important for you to consider the current Financial Service Guide (FSG)Product Disclosure Statement (‘PDS’)Account Terms and any other relevant OANDA documents before making any financial investment decisions.

OANDA Japan Co., Ltd. First Type I Financial Instruments Business Director of the Kanto Local Financial Bureau (Kin-sho) No. 2137 Institute Financial Futures Association subscriber number 1571.

OANDA Europe Markets LimitedΒ is a company registered in Malta number C 95813, and has its registered office at 171, Old Bakery Street, Valletta. It is authorised and regulated by the Malta Financial Services Authority as Category 3 Investment Services Licence Holder to provide services to the residents in the European Union.

OANDA Global Markets LtdΒ is a company registered in BVI number 2026433, and has its registered office at Kingston Chambers, PO Box 173, Road Town, Tortola, British Virgin Islands. It is authorised and regulated by the BVI Financial Services Commission, number: SIBA/L/20/1130.

OANDA Trading Platforms

OANDA provides CFD and forex trading features to traders via the fxTrade platform, which is a fully automated trading platform that was first introduced in 2001. The platform is available on the web, desktop as well as mobile app format. The broker also provides the much sought-after MetaTrader 4 trading platform in addition to 3rdΒ party tools and platforms via its application marketplace. The broker also has the mobile version for both the platforms for those who prefer to use their mobile devices for trading. In addition to this, technology-savvy traders can access OANDA’s FxTradeΒ APIΒ tools to set up their very own auto trading systems to access historical and current market data and place stop loss and take profits as well as entry orders.

Deposit & Withdrawals

With OANDA, there isn’t any minimum balance or deposit required to create or even maintain an account. In fact, funds are only needed for opening positions. Traders can deposit funds into their accounts via bank wire transfers, check and even debit card supported by Mastercard or Visa. On the other hand, withdrawals can be executed by signing into the β€˜My funds’ section on the broker’s website. The time required for processing of withdrawals depends on the mode use as well as the forex currency that is being withdrawn. Traders must note that debit/credit card withdrawals may take as many as 2-3 days.

Commission & Spreads

Similar to several other online fx brokers, OANDA does not charge commissions for offering their services. Traders pay a spread which is calculated on the basis of the market values in real-time. Typically, spreads at OANDA start low at 1.1 pips. Spreads for the indices are much lower at 0.5 pips.


Kingston Chambers, PO Box 173, Road Town, Tortola, British Virgin Islands.


Leave a Reply

Your email address will not be published.