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OANDA

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6.5
(129 Reviews)

Founded: 1996 Min Deposit: 1 USD

Headquarters: Toronto, Canada Max Lev: 1 : 200

Score
Business Scope
8.6
Trading Cost
6.6
Trading Platforms
6.6
Support
6.8
Licence Status

operate with a few regulation licenses

FCA 542574
NFA 0325821
ASIC 412981
Authorised
Authorised
Authorised
Contact
+44 02031512050
frontdesk@oanda.com
https://www.oanda.com/
Multilingual Support
Long-established
Leverage Limit
Hedging Not Allowed
Multi-regulation
Commodities Trading
Tight Spread
Deposit/withdrawal Problems
Nicole
2022-12-22
I like this platform very much because I can choose to display important news. I mean the news- is about to be released on the chart. I can adjust my position to a tight level.
Alex Verbitskiy
2022-12-16
I think OANDA is one of the best and most trusted market makers around, and it is especially suitable for beginners to trade with OANDA because the broker has an user-friendly and flexible platform. Open-close and modify orders, SL and TP are indeed very simple and clear. The customer support is always very friendly and resourceful. Faithfully recommend!
Mikka Litmanen
2022-12-12
I stayed in Oanda for about a year. Oanda's trading platform is often frozen. I lost the connection to my trading account during the transaction. Even though I can successfully access other websites and log in email, I have encountered connection problems.
Rayn M
2023-01-04
Opening an overseas account in OANDA can be painful, but overcoming these obstacles, you will know it's the best broker. Their platform is not such easy or as powerful as I want, but their response time is very short. In case of trouble, their chat room is always ready, fast and reliable. The spread is really good. In the end, I gave OANDA 4 stars just because they lack a programmable platform.
Robert Dowl
2023-01-26
My experience in trading with Oanda is very comfortable. There are many features on the website, and if you have a real account, you can access a huge database of historical prices. I use automated trading strategies and need to back-test the history, so I need high-quality data, which can be found on the website.
Daniel Richards
2023-01-28
I think Oanda is the best, top and greatest foreign exchange broker in the world. I think it's only suitable for serious traders. I have been trading with this broker for nearly 2 years and I have accumulated $2m. Highly recommend.
Account & Cost Deposit & Withdrawal Company & Service Broker News Related Complaints Reviews

Deposit and Withdrawal

7.0

Good

Minimum deposit and no deposit fee

Features

Low Minimum Deposit

See more
See more

Company and Service

8.4

Very Good

Many branch offices in different countries

Features

Multilingual Support
Long-established
Profile
Headquarters Address
370 King Street West 2nd Floor Box 60 Toronto ON M5V 1J9
Founded 1996
Broker Type
MM/DD
Time Zone GMT+2
Credit Profile No information
Trading Platforms
MT4
Windows,  iOS,  Android
Contact
No Data
Others
FIFO
Website Language
Chinese,  English,  French,  German,  Italian,  Japanese,  Korean,  Portuguese,  Russian,  Spanish,  Vietnamese
Customer Service By
Phone,  Email,  Live Chat,  Facebook,  Twitter,  Instagram,  Youtube
Supported Language
Chinese,  English,  French,  German,  Italian,  Japanese,  Korean,  Portuguese,  Russian,  Spanish,  Vietnamese

Broker News

OANDA Plans to Launch Cryptocurrency Trading Platform OANDA Crypto in the UK 2024-02-27
OANDA continues to advance the company's cryptocurrency business in the UK following its acquisition of crypto firm Coinpass last year.
Sam Eder Leaves OANDA to Co-found marketmates.com 2024-02-02
Eder has approximately 15 years of experience in the FX and CFD industry. 
OANDA Announces Launch of Labs Trader Program 2024-01-22
OANDA Labs Trader is a trading program centered on profit sharing.

Related Complaints

Q&A

can you trade gold on oanda

Sara Daher
Thailand
2023-08-31
ANSWER Yes, you can trade gold on OANDA, and more information can be found at https://www.oanda.com/sg-en/trading/instruments/. This page shows all kinds of instruments available and their spreads and margins for reference purposes.
See more

Can you trade nas100 on OANDA?

Alberto mahamud
Chile
2023-09-08
ANSWER Yes, OANDA allows you to trade the US Nas 100 or Nasdaq 100 index, which is a CFD based on the performance of the top 100 US technology companies. OANDA also provides CFDs on most major global indices, such as the UK 100, US Wall St 30, France 40 and Germany 30.
See more

Overall Score

6.5
129 Reviews

Cost 6.6

Platforms 6.6

Deposit & Withdrawal 7.0

Customer Support 6.8

Indicates the average level of Brokers

Keywords for selection
Trading Problems Hedging Spread Widen Advanced Trading Platform Low Spreads Reliable & Reputable Unstable Server Connection Terrible Deposit/Withdrawal Transfer Fees High Swap Fee Low Leverage Deposit/Withdrawal Problems Complicated Registration Process Dissatisfied Regulated & Licensed

129 Reviews

Sort by
James Ward
Over 3 years Personal Account Australia
A good company with a good reputation. My first account was opened in 2010. Oanda is the first retail foreign exchange broker to provide data on all currency quotes. I still trade with them through Expert Advisors who help test small accounts.
2023-01-18
1
Reply
Amin
7-12 months Personal Account United States of America
Compared with all the brokers I have traded, Oanda is my favorite.
2023-05-11
2
Reply
Muhajir
1-3 years Professional Account Germany
My experience in trading with Oanda is very comfortable. There are many features on the website, and if you have a real account, you can access a huge database of historical prices. I use automated trading strategies and need to back-test the history, so I need high-quality data, which can be found on the website.
2023-04-21
1
Reply
mohd radhi
Over 3 years Corporate entity Account Singapore
A good company with a good reputation. My first account was opened in 2010. Oanda is the first retail foreign exchange broker to provide data on all currency quotes. I still trade with them through Expert Advisors who help test small accounts.
2023-04-07
1
Reply
Matthew Jardine
0-6 months Joint Account Canada
They have deep market liquidity and competitive spreads.
2023-03-09
1
Reply
K Murray
0-6 months Professional Account Australia
Compared with all the brokers I have traded, Oanda is my favorite.
2023-02-25
1
Reply
Iqbal
7-12 months Professional Account Malta
Opening an overseas account in OANDA can be painful, but overcoming these obstacles, you will know it's the best broker. Their platform is not such easy or as powerful as I want, but their response time is very short. In case of trouble, their chat room is always ready, fast and reliable. The spread is really good. In the end, I gave OANDA 4 stars just because they lack a programmable platform.
2023-02-02
1
Reply
Stephen Dinsdale
1-3 years Personal Account Switzerland
I have been a customer of Oanda for three years. I made 500,000 Swiss francs here. They are the best brokers I have encountered in 15 years. When I call their customer support, they always get back to me in time.
2023-01-25
1
Reply
Mikeioc
1-3 years Personal Account Canada
There is no need to produce documents, and the funds can be successfully withdrawn very smoothly. I strongly recommend this platform to Canadians.
2023-01-18
1
Reply
Daniel Pataman
7-12 months Personal Account Vietnam
Everything is perfect, they execute orders very fast, which is very beneficial to my trading, maybe I should recommend it to everyone.
2023-01-11
1
Reply

1-10 of 129 comments

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.