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OANDA

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7.6
( 76 Reviews )

Founded: 1996 Min Deposit: 1 USD

Headquarters: Toronto, Canada Max Lev: 1 : 200

Score
Business Scope
8.6
Trading Cost
7.6
Trading Platforms
7.6
Support
7.7
Licence Status

operate with a few regulation licenses

FCA 542574
NFA 0325821
ASIC 412981
Contact
+44 02031512050
frontdesk@oanda.com
Multilingual Support
Long-established
Leverage Limit
Hedging Not Allowed
Multi-regulation
Commodities Trading
Tight Spread
Deposit/withdrawal Problems
Nicole
2020-12-22
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
2020-12-16
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
2010-12-12
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
2021-01-04
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
2021-01-26
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
2021-01-28
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.

Deposit and Withdrawal

8.0

Very Good

Minimum deposit and no deposit fee

Features

Low Minimum Deposit

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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

Clients Reviews: What Are Investors' Opinions of OANDA? 2022-07-12
Sometimes, multi-regulated brokers like OANDA fail to meet clientele satisfaction.
CFTC Releases Data: Four of the Five Brokers Saw Retail FX Deposits Drop in December 2022-02-18
The Commodity Futures Trading Commission (CFTC) has published its monthly report for December 2021, revealing a month-on-month decline of 2.15 percent in retail FX deposits compared with the $555.8 million reported in November 2021.
OANDA Partners with Kaiko to Build Auditable Pricing for Digital Assets 2022-01-28
Kaiko, an industry leader in digital assets data for enterprises, is joining forces with OANDA, a global leader in online multi-asset trading services and currency data and analytics, to build auditable pricing for digital assets that meet financial compliance requirements.

Related Complaints

Q&A

Overall Score

7.6
76 Reviews

Cost 7.6

Platforms 7.6

Deposit & Withdrawal 8.0

Customer Support 7.7

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 Bad/Unprofessional Customer Support

76 Reviews

James Ward

2021-01-18 Over 3 years Personal Account
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.
Australia
Helpful
Not helpful

Amin

2021-05-11 7-12 months Personal Account
Compared with all the brokers I have traded, Oanda is my favorite.
United States of America
Helpful
Not helpful

Muhajir

2021-04-21 1-3 years Professional Account
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.
Germany
Helpful
Not helpful

mohd radhi

2021-04-07 Over 3 years Corporate entity Account
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.
Singapore
Helpful
Not helpful

Matthew Jardine

2021-03-09 0-6 months Joint Account
They have deep market liquidity and competitive spreads.
Canada
Helpful
Not helpful

K Murray

2021-02-25 0-6 months Professional Account
Compared with all the brokers I have traded, Oanda is my favorite.
Australia
Helpful
Not helpful

Iqbal

2021-02-02 7-12 months Professional Account
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.
Malta
Helpful
Not helpful

Stephen Dinsdale

2021-01-25 1-3 years Personal Account
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.
Switzerland
Helpful
Not helpful

Mikeioc

2021-01-18 1-3 years Personal Account
There is no need to produce documents, and the funds can be successfully withdrawn very smoothly. I strongly recommend this platform to Canadians.
Canada
Helpful
Not helpful

Daniel Pataman

2021-01-11 7-12 months Personal Account
Everything is perfect, they execute orders very fast, which is very beneficial to my trading, maybe I should recommend it to everyone.
Vietnam
Helpful
Not helpful

1-10of 76 comments

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