Chris Cammack
Edited by
Author
Chris Cammack
Edited by
Chris Cammack
Partner Manager and Financial Writer

Chris Cammack is the Partner Manager and a financial writer at FxScouts. Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience.

Learn more about Chris Cammack
Author
Author
Alison Heyerdahl
Head of Content

Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), and an experienced trader, as well as a financial writer with extensive expertise in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast.

 

Learn more about Alison Heyerdahl

Oanda

Best For: Active US traders needing flexible lot sizing and fast execution

73.5 of retail CFD accounts lose money with this provider

Available to traders in %s

Min deposit

USD 0

Regulated By
Varies by region

FCA, ASIC, MAS, CIRO, B.V.I FSC ( )
FSA-Seychelles

Trading Cost

USD 10

Max Leverage
Varies by region

800:1

Copy Trading
Varies by region

No

Platforms

MT4, MT5

Instruments

Commodities, Cryptocurrencies, Stock CFDs, Forex, Indices ( )
Metals

Oanda Broker Review

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.

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.

Pros

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

Cons

  • Limited currency pairs
Rating Reviews
4.25

Oanda Overall Summary

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
https://www.oanda.com
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

User Reviews

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Meet the Experts Behind Our Unbiased Reviews

Chris Cammack

Partner Manager and Financial Writer

Chris Cammack
Chris Cammack is partner manager and senior financial writer at FxScouts, specialising in broker relations and forex market analysis. As the former Head of Content (2019–2024), he set editorial standards for all content published at FxScouts, including broker reviews, broker comparison pages and education. With over a decade of experience in editorial management and partner relations, Chris builds and maintains our relationships with our partners to provide the best Forex trading experience for our users. He also co-hosts the “Let’s Talk Forex” podcast with Alison Heyerdahl, where he explores trading strategies, industry news, and macroeconomic trends to help traders navigate the markets with confidence.

Alison Heyerdahl

Head of Content

Alison Heyerdahl
Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), an experienced trader, and a financial writer with extensive hands-on experience in the Forex trading industry. She specialises in Forex trading, broker analysis, and market research, with a focus on helping traders navigate the complex world of online trading safely and confidently. Alison has tested and reviewed more than 100 Forex brokers, assessing everything from regulatory status and trading conditions to platform features and customer support. Her goal is to provide honest, detailed, and practical insights that traders can rely on when choosing a broker. She’s also produced more than 300 educational videos for the FxScouts YouTube channel, where she explains trading concepts in a clear, accessible way. As the co-host of the “Let’s Talk Forex” podcast, Alison shares expert commentary on broker reliability, trading strategies, and market developments—always with a focus on transparency and trader protection.

Stefan de Clerk

Financial Writer

Stefan de Clerk
Stefan is a financial writer and Forex trading enthusiast with over a decade of experience creating in-depth content on finance and technology. His deep interest in geopolitical events, big data, and market sentiment fuels his passion for analyzing how global factors shape financial markets. With a background in marketing and financial research, Stefan believes that Forex trading offers the best insight into the pulse of the world economy. Committed to delivering well-researched, unbiased, and objective information, he helps traders navigate the markets with clarity and confidence.

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