Skip to content
Brokers

https://www.oanda.com/

OANDA

Visit OANDA

OANDA is a long-running online forex and CFD broker group. In the United States, OANDA Corporation offers forex trading and spot crypto access through Paxos; outside the US, OANDA group entities offer CFDs on forex, indices, commodities/metals, shares and cryptocurrencies depending on jurisdiction.

CFD BrokerCrypto BrokerForex BrokerCryptoStock CFDIndex CFDCommodity CFDMetal CFD

87

/100

Overall score

Overall score looks strong, with high-confidence evidence. Still verify country/entity terms.

Based on evidence31 sources
Trust
100
Cost
71
Withdrawal
83

Read first

Decision summary

87

/100

Overall

Overall looks strong, with high-confidence evidence. Still verify country/entity terms.

Headline score from research fields, regulation evidence, and scoring payload.

Best for

Forex/CFD traders comparing cost, platforms, trust, and withdrawal terms.

Watch out

Entity, country restrictions, and high-risk fee fields should be checked carefully.

Trust signal

Trust looks strong, with high-confidence evidence. Still verify country/entity terms.

Withdrawal signal

Withdrawal is usable, but check the supporting evidence and caveats.

Deposit
US official funding page states no minimum for ACH and no minimum or maximum for wire transfer; debit card has a $20,00…
Pricing
US spread-only pricing table lists EUR/USD at 1.4, USD/JPY at 1.4, etc.; non-US CFD accounts disclose lower from-spreads depending on entit…
Withdrawal
US withdrawal processing times: debit card up to 3 business days; domestic bank wire 1-2 business days; international up to 5 business days…
Safety
Jurisdiction-dependent; verified for Canada/EU, not verified as general US trading protection.

Availability

Countries and restrictions

Availability can vary by legal entity, account type, and local regulation. Treat this as a shortlist signal and verify details with the broker before opening an account.

Restricted Countries

OANDA discloses that it does not accept clients from some countries and that distribution/use may be restricted by local law, but a complete official restricted-country list was not found in the checked sources.

Source

Evidence

Source-backed details

Trust5 fields

Regulators

CFTC/NFA, FCA, KNF/PFSA, MAS, CIRO, ASIC, Japan FSA, BVI FSC.

Source

License Numbers

Selected disclosed registration/license numbers: NFA 0325821; FCA 542574; ASIC AFSL 412981; MAS company registration 200704926K/CMS licence; OANDA TMS authorization of April 26, 2004 (KPWiG-4021-54-1/2004).

Source

Regulated Entities

OANDA Corporation; OANDA Europe Limited; OANDA TMS Brokers S.A.; OANDA Asia Pacific Pte Ltd; OANDA (Canada) Corporation ULC; OANDA Australia Pty Ltd; OANDA Japan Inc; OANDA Global Markets Ltd.

Source

Negative Balance Protection

Jurisdiction-dependent; verified for Canada/EU, not verified as general US trading protection.

Source

Investor Compensation

Entity-dependent investor compensation/protection; US forex accounts not SIPC protected; Canada CIPF protection disclosed.

Source
Cost7 fields

Minimum Deposit

US official funding page states no minimum for ACH and no minimum or maximum for wire transfer; debit card has a $20,000 monthly maximum. Australia says standard/raw accounts require no minimum initial deposit. Global Markets account verification is not needed below US$9,000, but Premium eligibility starts at USD 10,000 deposit or volume criteria.

Source

Spread From

US spread-only pricing table lists EUR/USD at 1.4, USD/JPY at 1.4, etc.; non-US CFD accounts disclose lower from-spreads depending on entity/account.

Source

Commission

Commission varies by jurisdiction/account/pricing plan; do not collapse into a single fee.

Source

Maximum Leverage

Maximum leverage is jurisdiction/instrument dependent; US maximum in checked examples is 50:1 on certain major FX pairs.

Source

Deposit Fee

Deposit fees vary by method/entity; ACH no OANDA fee verified; bank/intermediary wire fees may apply.

Source

Withdrawal Fee

Withdrawal fees are method/account/entity dependent; debit card no-fee verified for US, bank transfer may have fees.

Source

Inactivity Fee

US current charges page says 20 USD/month after 12 months inactivity; page content has variation in older/global FAQ text, so review before publication.

Source
Availability1 fields

Restricted Countries

OANDA discloses that it does not accept clients from some countries and that distribution/use may be restricted by local law, but a complete official restricted-country list was not found in the checked sources.

Source
Product5 fields

Tradable Assets

OANDA product set is jurisdiction-dependent: US forex and crypto via Paxos; non-US OANDA entities offer CFDs across forex, indices, metals, shares, commodities, cryptocurrencies and (Australia) bonds CFDs.

Source

Trading Platforms

US offers OANDA Web, OANDA Mobile, TradingView, MT4, and OANDA Paxos Mobile for crypto. Australia also lists MT5 and OANDA API; BVI account comparison lists MT5, fxTrade, TradingView.

Source

Account Types

US: Standard account and Elite Trader loyalty program, plus corporate/demo onboarding. Australia: standard and raw accounts. BVI Global Markets: Standard, Premium, Premium Plus.

Source

Deposit Methods

Funding methods vary by entity; US verified debit card, wire and ACH.

Source

Withdrawal Methods

US withdrawals use same method as deposit and are subject to a hierarchy rule; debit card and bank wire are specifically described.

Source

Before you decide

Things to verify

Restricted Countries

OANDA discloses that it does not accept clients from some countries and that distribution/use may be restricted by local law, but a complete official restricted-country list was not found in the checked sources.

Minimum Deposit

US official funding page states no minimum for ACH and no minimum or maximum for wire transfer; debit card has a $20,000 monthly maximum. Australia says standard/raw accounts require no minimum initial deposit. Global Markets account verification is not needed below US$9,000, but Premium eligibility starts at USD 10,000 deposit or volume criteria.

Commission

Commission varies by jurisdiction/account/pricing plan; do not collapse into a single fee.

Negative Balance Protection

Jurisdiction-dependent; verified for Canada/EU, not verified as general US trading protection.

Investor Compensation

Entity-dependent investor compensation/protection; US forex accounts not SIPC protected; Canada CIPF protection disclosed.

Withdrawal Fee

Withdrawal fees are method/account/entity dependent; debit card no-fee verified for US, bank transfer may have fees.

VS next

VS OANDA with similar brokers

These brokers share similar type or asset-class signals. Open the VS page to compare regulation, cost, platforms, withdrawals, and caveats side by side.

VS all

Charles Schwab

Overall 91 · Trust 100

Multi Asset BrokerEtfStock
VS with OANDA

Interactive Brokers

Overall 91 · Trust 94

Multi Asset BrokerEtfStock
VS with OANDA

Important disclosure

Broker research, not investment advice

Availability, fees, investor protection, and regulation can vary by country and legal entity. Verify the broker and regulator details directly before opening an account.

Compare carefully