- Award-winning trading platform since 1996
- Multi-Regulated broker by CFTC-NFA (US), FCA(UK), IIROC (Canada), MAS (Singapore), ASIC (Australia), CFTD (Japan), MFSA (Malta)
- Low trading fees
- Advanced charts by TradingView
- No withdrawal fees
- Inactivity fee
- No balance protection
[pokageo_hide codes="US"]78.3% of retail CFD accounts lose money [/pokageo_hide]
[pokageo_show codes="US"] Risk Warning: your capital is at risk [/pokageo_show]
Overview
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Broker Name:Oanda
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Type of Broker:Forex Broker
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Miniumum Deposit::$200
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Demo Account:Yes
Oanda Review 2024
February 6, 2023 – Updated on February 23, 2024
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With an impressive 26-year history and a global presence in 196+ countries, Oanda is one of the most experienced online brokers around.
This Oanda review examines all aspects of their service offering including who they are best suited for, their account types and platforms used as well as what instruments can be traded through them.
OANDA US
Founded in 1997, OANDA Corporation has grown from a pioneer of digital financial services to one of the most substantial and successful companies in its field. The US-based corporation was the first firm to offer accessible online exchange rate data with no charge – an innovative move that helped launch them at forefront of American finance. Today, they continue their forward-thinking approach by offering a variety of sophisticated solutions for people across the United States.
Oanda USA homepage (screenshot)Regulation & Trust
- Oanda Corporation (US):
This large broker group has achieved one of the highest levels possible for regulation: oversight from regulators around the world, including top-tier agencies such as CFTC and NFA. Transparency isn’t an issue either – clients know exactly what fees they’re paying and can easily access background information about OANDA’s operations.
Trading Platforms & Tools
They provide a diverse array of trading platforms, from their own proprietary OANDA Trade web and desktop interfaces to third-party options such as MetaTrader 4 or TradingView.
Clients benefit from the exceptional selection available – much better than average compared to most in the forex industry.
The user experience is further enhanced via an easy-to-navigate interface that can be easily tailored according to one’s preference with multiple chart layouts (up to 8 charts at once) for those seeking cross instrument & timeframe analyses simultaneously on one screen!
Oanda MT5 platform (screenshot)
John Stuart is the editor’s chief of BrokerTrending and our expert broker. He has been in the online trading business for over 12 years, and he knows everything there is to know about the stock and forex market. When he’s not giving advice to the top investors, John can be found spending time with his wife and two children.
EUR/USD Spreads: | 1.4 | GBP/USD Spreads | 2.0 |
EUR/GBP Spreads: | 1.7 | AUD/USD Spreads: | 1.4 |
Inactivity Fee: | Yes |
Account Funding:
Withdrawal methods: