In this OANDA Review, we are going to take a look at the offer that this broker prepared for its traders. OANDA is regulated by the ASIC in Australia, by the FCA in the UK and by the CFTC in the US. OANDA operates on the financial market since 1996. When it comes to trading platforms, the broker features MetaTrader 4. The OANDA minimum deposit is 0 USD.
Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money
Basic information from this OANDA Review
| Website address: | https://www.oanda.com/ |
| Licensed and authorised by regulatory bodies: | ASIC FCA CFTC |
| Supported languages: | English and German |
| Customer support available via: | E-mail, live-chat |
| Available deposit methods: | Debit and Credit Cards, PayPal, bank transfer |
| Available withdrawal methods: | Debit and Credit Cards, PayPal, bank transfer |
| Minimum deposit: | 0 USD |
| Min. trade in lots: | 0.01 |
| Spreads: | Typical spread on the currency pair EUR/USD - 1,4 pips * on standard account type |
| Tradable assets: Might be a CFD. | Forex (71), commodities (11), indices (7) |
| Demo: |  |
| Mobile app: | |
| MetaTrader 4: | |
| Other trading platforms: | |
| Social trading: |  |
OANDA Fees (typical spreads)
We have scanned fees (typical spreads) that OANDA charges when trading popular currency pairs, here is their breakdown in pips.
| EUR/GBP | EUR/USD | USD/CHF | EUR/JPY | GBP/USD | USD/JPY |
|---|---|---|---|---|---|
| * | 1,4* | * | * | * | * |
*Typical spreads were recorded on 04.06.2019 at 10:32 for the standard account. OANDA spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Random reviews of competing FX & CFD brokers: Trendex, FX-Leader, FXCC and TIO Markets
Frequently Asked Questions
🧐 Is OANDA a Scam?
OANDA is a broker licensed and regulated by the ASIC, FCA and CFTC. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that OANDA is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the OANDA minimum deposit?
In order to start trading with OANDA, you have to deposit at least 0 USD.
📵 What deposit and withdrawal methods OANDA supports?
⚖️ Would you recommend me choosing OANDA?
We don’t have our own personal experience with OANDA. However, because the broker is regulated by the ASIC, FCA and CFTC, there is a high chance that it is not a scam. With that being said, it still does not mean that OANDA is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs
You should consider whether you can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 11.01.2024 at 11:42 GMT.
