Oanda Review

Oanda Logo

Founded in 1995, Oanda is a well-known online retail broker that is regulated in multiple jurisdictions, including the US, UK, Canada, Japan, Singapore, and Australia. The broker provides forex and CFD trading in over 126+ instruments, across all major financial asset classes. Oanda has won several awards over the years, including the Best Retail FX Platform in 2018. Oanda provides optimum execution speeds for swift trade execution speeds at the best available bid/ask prices.

Oanda Review - Mobile Platforms
Oanda Review – Mobile Platforms

Oanda Platforms & Tools

Oanda provides their clients with multiple trading platforms including their proprietary “Next Generation” platform and the widely used MetaTrader 4/5 platforms. The Oanda platforms are available in desktop and web versions, as well as mobile applications for iOS and Android devices.

Oanda Review - Trading Platform
Oanda Review – Trading Platform

The broker provides a wide array of trading tools in the Next Generation trading platform, such as advanced charting software from Tradingview, the Algo Lab for developing and testing automated testing strategies, pattern recognition and price projection tools, sentiment tool for measuring traders’ sentiment, and chart forum community where traders discuss strategies.

Oanda Review - Advanced Charting
Oanda Review – Advanced Charting

Oanda Research & Education

Oanda has several educational materials in the “Learn” section of its website, which includes trading guides, training videos, and articles. The training videos cover various trading topics and are grouped into beginner, intermediate, and advanced sections. With the guides covering different types of trading, the articles explain the basic concepts in trading that a beginner should know.

Oanda Trading Accounts

The broker offers several account types:

  • Standard Account: no minimum deposit and available to all clients
  • Premium Account: minimum deposit of $20,000 for U.S. clients, 50,000 CAD for Canadian clients, and $50,000 for all other clients
  • IRA: for U.S. clients only
  • Professional Account: for EU clients
  • Joint Account: for EU and Canadian clients
  • Business Entity Account: for EU and Canadian businesses
  • Eligible Contract Participant (ECP): for U.S. clients with more than $10 million
  • Corporate Accounts: for the Asia Pacific and Australian clients only

Oanda Account Funding

Oanda accepts several payment methods, such as:

  • Automatic Clearing House (ACH): for USD accounts
  • Credit/Debit cards: MasterCard and Visa card
  • Wire transfer: May take up to 5 business days
  • Checks: for U.S. residents only
  • Online payments: PayPal, BACS, CHAPS, Swift, SEPA, and BPay

Oanda Customer Service

The broker provides 24/7 customer support services via phone, email, and live chat, and you can talk to them in English, Chinese, Spanish and Dutch. You can also reach them through their social media handle on Facebook, Twitter, LinkedIn, and YouTube.

Oanda Regulation

In the US, Oanda is registered with the Commodity Futures Trading Commission (CFTC) as a Futures Commission Merchant and Retail Foreign Exchange Dealer (RFED) and is a member of the National Futures Association (NFA). The broker is also licensed and regulated by the Investment Industry Regulatory Organization of Canada (IIROC.)

Outside of North America, Oanda is licensed and regulated by the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), the Financial Futures Association of Japan (FFAJ), and the Monetary Authority of Singapore (MAS). OANDA Global Markets Ltd is a is authorised and regulated by the BVI Financial Services Commission (BVI). The broker keeps clients’ funds in segregated bank accounts with the top banks in Europe and America.

Oanda Review Summary

Oanda is a well-regulated broker that provides innovative trading services through its award-winning platforms and tools. With a good selection of tradable instruments, Oanda provides you with multiple asset options.














  • Regulated in multiple jurisdictions
  • Powerful trading platforms
  • Advanced trading tools
  • Rapid execution speeds
  • No minimum deposit
  • 24/5 client support
  • Range of funding options
  • Educational resources