Please note, some markets may only be available via CFDs or other derivatives. Compare the markets and instruments offered by OANDA US and its competitors. Ultimately though, this OANDA review found that the company remains an attractive proposition to traders from all over the world. So, even when you compare OANDA vs FXCM and other well-known brokers, the firm still impresses. Every platform glitch and account issue can cut into profits. Once your confidence has grown with volume indicators, currency heat maps and backtesting, you can then upgrade to a live account.
Table of Contents
Commodities are often traded as CFDs, allowing traders to speculate on price movements without taking physical delivery of the underlying asset. This broad selection allows traders to diversify their portfolios efficiently. FxTrade offers highly customizable features, including the ability to adjust layouts and chart types according to individual preferences. MetaTrader 4 (MT4) is one of the most popular and widely used trading platforms in the world, known for its ease of use and powerful features. Overall, its security and regulation let clients trade with confidence, knowing their money and information are protected.
OANDA is not publicly traded, does not operate a bank, and is regulated by seven Tier-1 regulators (Highly Trusted), zero tier-2 regulators (average trust), zero Tier-3 regulator (Average Risk), and one Tier-4 regulator (High Risk). Trust Scores range from 1 to 99 (the higher a broker’s rating, the better). As part of this effort, we oanda broker track 100+ international regulatory agencies to power our proprietary Trust Score rating system.
- There is access to OANDA’s trading instruments, spread history, account analytics, as well as complex order types.
- In this broker review, we will highlight the important factors to look for when considering whether you should open a trading account with OANDA.
- OANDA has a recognized, active research team providing broad market coverage and analysis across multiple asset classes and timezones.
- Premium account holders also receive priority customer support and have access to more advanced tools and resources to help improve their trading strategies.
- Once you have your demo login details, you have nearly all the same functionality as live account holders.
It follows rules set by the FCA (UK), ASIC (Australia), and the CFTC (USA), which helps keep trading safe and compliant. Founded in 1996, OANDA has a strong reputation and is regulated by top financial authorities worldwide. Whether you’re just starting out or already experienced, OANDA’s platform is built to suit your needs.
Commodities
- Every platform glitch and account issue can cut into profits.
- If you have experience trading with OANDA US please share your personal review of the broker and what you think are strong and weak points.
- Ultimately though, this OANDA review found that the company remains an attractive proposition to traders from all over the world.
- There are no minimum deposit requirements, making it accessible for traders with varying levels of experience.
- Whether you’re interested in trading bonds, options, or even custom baskets of stocks, OANDA provides a wide range of choices for all types of traders.
- Our hours of operation coincide with the global financial markets.
These give traders guaranteed prices for automated closing out of positions. We show the total trading cost incurred by both models when opening a 1 lot ($100,000 traded) position in EUR/USD. OANDA have a developer portal function to help traders get started, with resources and code samples available. However, the graphic below shows a comparison of the accounts. This scope of regulation is significant and important for traders, helping to improve trust. However, OANDA goes the extra mile for their clients, with regulatory licences in nine jurisdictions.
We’ve got a smart deal for you – join us to trade gold (with competitive spreads from just $0.15!) and as a new client you can receive a bonus of up to $888. Trade popular CFD instruments, including forex, cryptos, indices, metals, shares and commodities The entry of FTMO into the brokerage space came when other CFD brokers were launching their own units. Founded in 1996, it is either regulated or has a presence in major financial hubs, including New York, Toronto, London, Warsaw, Singapore, Tokyo and Sydney. OANDA is a well-known name in the retail trading space, especially in margin forex and contracts for difference (CFD) trading. “We will continue to focus on our core business – a modern prop trading platform,” said Otakar Šuffner, co-founder and CEO of FTMO.
Trade ultra competitive spreads on major instruments such as the UK100, DE40, EUR/USD and GBP/USD. Get institutional quality pricing and execution with our mobile app. Trade global CFDs, including FX, indices, commodities, crypto and shares. Minimum deposit and trade volumes to be met. How to open an account
Trade Execution
SLMT surges 6% pre-market on $2B crypto acquisition news; traders eye combined entity’s yield & staking potential. From its roots providing free exchange rate data on the Internet to launching a FX trading platform that helped pioneer web-based currency trading, OANDA remains dedicated to building smarter trading experiences. Founded in 1996, OANDA is one of the world’s leading online trading groups, offering multi-asset trading, currency data, and analytics to retail and corporate clients around the globe. FTMO is a leading global provider of educational and training services, offering its clients the opportunity to test and develop their trading skills and risk management. Trading in digital assets, including cryptocurrencies, is especially risky and is only for individuals with a high risk tolerance and the financial ability to sustain losses. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
Customer Support Contacts
Trading forex is one of the most popular trading options. Trade forex pairs using our powerful OANDA Trade platform, MT4 and TradingView. Explore our offers and make the most of trading with us.
Whether you’re a beginner looking to learn the basics or an experienced trader seeking more advanced strategies, OANDA’s educational content provides valuable insights. The broker does not charge any fees for deposits, and withdrawal fees vary depending on the method used. Instead of charging commissions, the broker includes its fees within the spread.
Before we get bogged down in the facts and figures of this broker review, it can help to first paint a picture of where OANDA started. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. Paxos is not an NFA member and is not subject to the NFA’s regulatory oversight and examinations. Any positions in digital assets are custodied solely with Paxos and held in an account in your name outside of OANDA Corporation. Our experts also share their verdict on whether to open a live account today.
Currency Conversion Fees
Czech prop trading giant FTMO closed the acquisition of OANDA yesterday (Monday), about ten months after it agreed to purchase the retail broker from private equity firm CVC. Occasionally, there may be fee or spread incentives for active traders. OANDA focuses on transparent pricing and platform quality rather than deposit bonuses. The broker also offers comprehensive FAQs and a detailed help center on its website, which can help answer many common questions without the need for direct contact. Clients can reach out for assistance with technical issues, account inquiries, or general trading advice. The support team is available 24/5, catering to the needs of traders across different time zones.
Forex Risk Disclaimer
OANDA offers access to a wide variety of global stock indices, including popular benchmarks such as the S&P 500, NASDAQ, FTSE 100, and the DAX. Whether you’re looking to trade precious metals or energy products, OANDA provides a reliable and cost-effective platform for commodity traders. OANDA’s commodity trading platform features low spreads and flexible leverage options. Some of the most popular forex pairs traded on the platform include EUR/USD, GBP/USD, USD/JPY, and AUD/USD.
The range of available markets at OANDA will vary slightly depending on which of its entities regulates your account. Check out ForexBrokers.com’s picks for the best forex brokers in 2025. 73.5% of retail investor accounts lose money when trading CFDs with this provider. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.
Overall, OANDA traders are content with the current money transfer options, as demonstrated by other user reviews. An increasing number of day traders are looking for straightforward deposit and withdrawal systems. Clients also retain the ability to trade directly from charts with one-click trading, plus indicators and price overlays. This is a drawback for traders that prefer the latest and more powerful software from MetaQuotes. This is especially true for new traders who may be unfamiliar with the programming language. Automated trading essentially allows you to execute more trades than you could manually.
The prop firm also set up a brokerage division last year by appointing Michael Kamerman as the CEO of the brokerage unit. The completion of the deal also pushed FTMO into the brokerage business. Although the financial terms of the deal remain unknown, FTMO secured a USD 250 million credit line from a syndicate of Czech banks led by UniCredit to fund its planned acquisition of OANDA. Over 70 forex pairs, plus indices, commodities, bonds, and cryptocurrencies (as CFDs where permitted). OANDA entities are supervised by top-tier regulators including the FCA (UK), ASIC (Australia), CFTC/NFA (US), MAS (Singapore), IIROC (Canada), and FSA (Japan).
OANDA Available Currency Pairs
The company operates in 100+ countries and lets you trade many markets—forex, commodities, indices, stocks, and cryptocurrencies—with lots of instruments to choose from. We offer over 68 major and minor currency pairs, a user-friendly app and a range of trading platforms, including OANDA Trade and MT4. Our mobile trading apps give you access to more than 50 technical tools, including 32 overlay indicators, 11 drawing tools and nine charts. We offer forex online trading with tight spreads on all the major and minor currency pairs, nearly 24 hours a day, five days a week.
Equipped with powerful tools, these platforms help traders execute their strategies efficiently. OANDA offers multiple trading platforms designed to accommodate various trading styles, including MetaTrader 4 (MT4), TradingView, and its proprietary platform, OANDA Trade. OANDA also follows strict risk and compliance standards and offers negative balance protection, so you can’t lose more than you deposit during volatile markets.
