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Chris Cammack
Edited by Chris Cammack
Author

Oanda Broker Review

4.25
/ 5
Min deposit
USD 0
Regulated By
ASIC, B.V.I FSC, FCA, CIRO, MAS (
FSA-Seychelles
)
Trading Cost
USD 10
Leverage
800:1
Copy Trading
No
Platforms
MT4, MT5
Instruments
Commodities, Cryptocurrencies, Stock CFDs, Forex, Indices (
Metals
)
Accepts U.S. Clients. Average spread EUR/USD 0.20 pip on the trading account with lowest minimum deposit. Islamic account available. MT4 and OANDA platforms supported. Oanda is regulated by the CFTC, FCA, MAS, and ASIC.

Our Verdict on Oanda

A popular broker in the U.S., OANDA has a comprehensive education suite, no minimum deposit requirements, low trading fees, and a great mobile trading app. It also boasts regulation from seven of the world’s top authorities, including the CFTC of the USA, making it one of the lowest risk brokers around.

While traders may also be disappointed by the relative lack of financial instruments and high withdrawal fees, OANDA offers support for both MT4 and its own proprietary platform, and traders can access various trading tools, including Autochartist, MT4 Premium Tools, and TradingView, which provides direct access to content from Dow Jones.

Pros

  • Well regulated
  • Tight spreads
  • Low minimum deposit
  • Good for beginners

Cons

  • Limited currency pairs
Trust Rating
5
Trading Conditions
4
Platforms
4.5
Education
4.5
Beginner Friendly
4
Assets Available
3.5
Analysis Research
5
Deposit & Withdrawal
4.5
Overall Rating
4.25
/ 5
Base Currencies
USD, EUR, SGD, HKD
Number of FX Pairs
45
Crypto Pairs
4
Copy Trading
No
Hedging Allowed
Yes
Scalping Allowed
Yes
Islamic Account
Yes
Account Name
Core
Commission
4 USD / lot
EUR/USD
0.20
GBP/USD
0.20
USD/JPY
0.20
Negative Balance Protection
No
Company Name
OANDA Global Markets Ltd
Founded
1996
Website Language
English, Spanish, French, Malay, Portuguese, Indonesian, Thai, Chinese, Vietnamese
Support Language
English, Spanish, Chinese, German
Office Locations
USA, Canada
Support Email Address

Deposit & Withdrawal

banktransfer
mastercard
neteller
skrill
visa

Supported Platforms

Best MT4 Forex Brokers
Best MT5 Forex Brokers

Meet the Experts Behind Our Unbiased Reviews

Alison Heyerdahl

Senior Financial Writer

Alison Heyerdahl

Alison joined the team as a writer in 2021. She is the Senior Financial Writer for FxScouts. She has a medical degree with a focus on physiotherapy and a bachelor's in psychology. However, her interest in forex trading and her love for writing led her to switch careers. She has a passion for Forex trading and over a decade of editorial experience researching Forex and the financial services industry, producing high-quality content. She hosts a weekly podcast, "Let's Talk Forex", alongside Chris and has produced over 100 Forex educational videos for the FxScouts YouTube channel. She also writes weekly technical analyses and has tested and reviewed over 100 Forex brokers.

Chris Cammack

Head of Content

Chris Cammack

Head of Content at FxScouts since 2019, Chris Cammack ensures all content meets our high standards of quality and clarity, shaping editorial guidelines and overseeing broker reviews. Chris brought 10 years of experience in research, editorial, and design for political and financial publications, and has a deep knowledge of international financial markets and geo-politics. He co-hosts the "Let's Talk Forex" podcast with Alison and writes for the news section on a regular basis.

Ida Hermansen

Financial Writer

Ida Hermansen

Ida is a financial writer with a degree in Digital Marketing and a strong background in content writing and SEO. Her expertise extends beyond marketing and writing, with a keen interest in cryptocurrencies and blockchain networks. Ida's passion for crypto trading sparked a deeper fascination with Forex technical analysis and price movement. She is continually expanding her knowledge in Forex trading, staying informed about the latest trends and identifying the best trading environments for new traders.

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