OANDA, a renowned player in the forex market, offers a wide range of educational and learning materials designed to help both novice and experienced traders. Please note that while OANDA offers many advantages, it’s important for traders to consider their individual needs and circumstances when choosing a forex trading platform. Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms. With transparent pricing, powerful trading platforms, and educational resources, OANDA is an excellent choice for both beginners and experienced traders alike. Each platform offers its unique features, such as advanced charting, customizable user interfaces, and various trading tools to enhance the trading experience.
How much are Trading Fees with Oanda?
Clients also have access to the popular TradingView and MetaTrader 4 platforms. The OANDA mobile app stood out for its excellent design and diverse features. OANDA shines in this category, offering a range of feature-rich platforms. However, the broker charges account-related fees that many competitors do not.
While deposits are free, there is a fee for bank transfer withdrawal. In some regions, clients can use alternative methods such as digital wallets. During my two-week testing period, I experienced reliable support across all of the available mediums. I noted that gold and silver can be traded against various currencies, for example, Gold/CHF and Silver/JPY.
OANDA Customer Support Test
For example, certain data (including spreads, pricing, and product offerings) was obtained from OANDA's U.S. entity (the OANDA Corporation) and may not be applicable if you reside in another country. This average value for August includes rollover periods when spreads widen (but even excluding rollover, spreads are still high, averaging 1.58 pips). Premium and Elite accounts also feature up to 30% spread reductions, which would lower the example August 2025 average spread from 1.69 to 1.18.
Compare OANDA with any other broker by selecting the other broker below. Please note, some markets may only be available via CFDs or other derivatives. Compare the markets and instruments offered by OANDA and its competitors.
Features
Forex trading is a complex and risky venture that requires careful consideration and research. Always be prepared to provide necessary documents such as proof of address and financial statements when applying. Please note that trading involves risk and it’s important to carefully consider whether trading is appropriate for you in light of your personal circumstances. All transactions on OANDA are fully automated, which means trades are executed efficiently and settled instantly. To qualify for an upgrade, you’ll need to meet the trading volume requirement.
Unique Platform Features
- The new portal features an improved user interface and houses a host of material intended to help those who are new to trading or would like to learn the basics.
- Importantly, there’s no time limit on the demo account, so you can continue testing strategies alongside your real money account.
- It has offices in the world’s most active financial markets and technology centers.
- Forex trading is a complex and risky venture that requires careful consideration and research.
Placing a trade on the OANDA Web platform was fairly straightforward, though not as seamless as MT4 in my view. OANDA Trade’s interface is powered by TradingView, a widely used trading software with comprehensive charting and analysis tools. The workspace features instant snapshot views of pending orders and current open positions, as well as the markets window. I was particularly impressed with the fast order execution speeds on the broker’s proprietary platform, with an average of 12 milliseconds. My research found that OANDA is a market maker, or dealing desk broker.
Fees, Spreads, and Commissions
Product offerings vary by region, and U.S. clients can only trade FX. U.S. clients are the exception because OANDA Corporation does not offer their accounts any such protections. Clients in Asia who are willing to make significant deposits may be eligible for a Premium or a Premium Plus account. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading.
Popular Forex Broker Reviews
Tests have found that OANDA offers lower-than-average trading fees. The broker also offers negative balance protection, segregates client funds, and facilitates access to compensation schemes (country-dependent) for retail investors. The $0 minimum deposit, unlimited demo account and zero-commission pricing will serve novices looking for a budget-friendly and flexible service. Though not as extensive as the likes of eToro, I think there are plenty of resources to help you get the most out of your online trading experience. OANDA also scores well when it comes to education, offering high-quality resources for aspiring traders.
Where are the Headquarters from OANDA based?
- Here, we focus on the broker’s operating history, size, and overall transparency.
- In this Oanda review, you will find details on every key area of the broker including their spreads, minimum deposit requirements, and more to help you gain a clear picture of what to expect before trading.
- I like that it offers integration with TradingView.
- The range of available markets at OANDA will vary slightly depending on which of its entities regulates your account.
- The workspace features instant snapshot views of pending orders and current open positions, as well as the markets window.
- This award recognizes OANDA’s innovative and user-friendly platform, which offers advanced trading tools, market analysis, and educational resources.
DO not use this bad ass broker bruh. We're always working to provide the best for our clients.Thanks again, Team OANDA I opened my account, made profit and then they instantly decided to terminate my account under term 21.2., i.ie just because. As the title says they close accounts that are profitable.
This is a little unusual as top brokers typically like to cater for several base currencies. It would be beneficial to have a base currency which matches that of your deposit and withdrawal so that you can avoid any currency conversion fee. You will also have access to the same impressive range of markets including more than 70 forex pairs and a host of CFDs on major indices, commodities, metals, and bonds. Here you will have the same great range of market choices all available though the minimum deposit here stands at $20,000.
What kind of Spreads are offered by OANDA?
It is one of the most powerful trading platforms out there, with auto trading through the EAs feature aso facilitated. MT4 is offered as standard by Oanda and is of course one of the very best trading platforms out there. Let’s now take a look at how Oanda measures up in this respect and exactly which trading platforms are made available. In fact, the broker does not offer trading in the standard lot sizes you find with most other brokers. These spreads do vary depending on the Oanda account type you choose, but they can start from very low from 0 pips within Australia, or from 0.6 pips within other retail trading areas.
Great news for all traders, but especially for algo-traders that can choose to install and/or create EAs from scratch with the MQL5 programming language. Limit orders can assist in managing your entry into new positions, and margin calls will help in keeping your equity balanced within your trading account. Combining this with the no minimum deposit posily and it means you can really start trading with as little as a $1 deposit.
The account remains really accessible to all with no minimum deposit in place and an average spread of just 1 pip applied to markets. If you are looking for a step up in trading, then the Oanda premium account offers that step. The cost of trading is also kept as low as possible here with forex spreads starting from 0.6 pips.
The funds were deposited 2 weeks aft... Brett Cummings, the account manager, had called a few times since... Great customer support, fast reply and dedicated to solve their oanda forex review clients problems. Withdrawal costs $20 (the debit card withdrawal was limited to funds deposited using the same debit card and only in last few years) and still takes days, for wiring. User experience really bad.
If you’re ready to start trading with OANDA, you can open an account in minutes. Other Trading Instruments OANDA also offers trading in other asset classes such as indices, commodities, and treasuries. While major pairs are more popular for traders, cross pairs can also offer attractive risk/reward opportunities. These include all major forex pairs, which are the most traded in the world and involve the US dollar.
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. The OANDA Group has multiple subsidiaries who are licensed to offer products to clients around the globe. In August 2025, FTMO Group, a global provider of educational and financial training services, announced its acquisition of OANDA from CVC Asia Fund IV. OANDA also holds regulatory status in other jurisdictions, such as the British Virgin Islands (BVI).
Withdrawals
OANDA is a well-regarded platform in the forex trading industry, offering several advantages to its users. OANDA is known for its high-quality research tools, powerful platforms, transparent pricing, and excellent customer service. The broker caters for several tools when it comes to research for you as a trader. The one workaround here is to utilize the EAs feature of your Metatrader platform which is available to import trading strategies and auto trading robots from others if you wish as a form of copy trading.