Oanda 2024 Broker Review
Recommended for
United States citizens who trade forex
Trust Level: High
- Regulated by: CFTC, ASIC, CIRO, FCA, CIRO, and more
- Founded in 1996
Popularity
378 people chose this broker in the last 6 months
Introduction To Oanda
Oanda, a pioneer in online forex trading, was established in the mid-1990s with the aim of making forex markets accessible to a broader audience. Initially providing free exchange rate information, the broker has since evolved into a full-fledged forex trading service provider. Oanda is known for its transparent pricing and advanced trading technology.
Oanda offers a diverse range of trading instruments, focusing primarily on forex with over 68 currency pairs, and has expanded to include cryptocurrency trading in partnership with Paxos. The trading platforms offered by the broker, include OANDA Trade, MetaTrader 4, and TradingView.
As for regulation, OANDA Corporation is a registered Futures Commission Merchant and Retail Foreign Exchange Dealer with the CFTC and a member of the NFA. This regulatory framework underscores Oanda’s commitment to maintaining high compliance and financial integrity standards. This regulation allows the broker to accept traders from the United States. For the latest information on OANDA’s offerings and regulatory status, it’s best to consult their official website.
$0
Minimum Deposit
Variable
Spread / Commissions
Yes
Free Demo Account
No
Inactivity fee
Pros
Accepts US traders
Well regulated in multiple tier one jurisdictions
Cons
High trading fees / spreads
Video Review
Coming soon!
Oanda Quick Facts
Country Headquarters
New York, United States
Instruments Offered
Forex, Metal, Stock Indices
Base Account Currency
USD, GBP, EUR, CHF, JPY, CAD, SGD, HKD, AUD
Minimum Deposit
$0
Withdrawal Fee
None
Account Verification Time
1-2 days
Deposit Options
Wire Transfer or Debit Card
Accepts crypto deposit
No
Trading Platforms
MetaTrader 4, Oanda Trade, FXTrade
Demo Accounts
Yes
VPS Offered
Yes
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