Oanda Review

Oanda is a multi-regulated and established online broker offering a generous range of trading instruments across multiple financial markets to clients worldwide via versatile and user-friendly trading platforms. They have tight spreads, low fees and rapid execution speeds. The broker supports a variety of convenient funding options and require a minimum deposit of just $1 to open a real account.

Pros / Cons
  • Regulated in multiple jurisdictions
  • Flexible & easy to use trading platforms
  • Tight spreads, low fees & fast trade execution speeds
  • Various account types
  • Range of deposit/withdrawal methods
  • Advanced trading tools
  • Trading guides
  • $1 minimum deposit
  • 24/5 support
  • No fixed spread accounts
  • Inactivity fee

In this detailed Oanda review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

Oanda Overview

Oanda was founded in 1996 by two professionals with a vision to change how the world interacts with different currencies. The company was incorporated in the USA but today, it has offices throughout the globe in Canada, UK, Japan, Singapore and Australia.

The broker has a team of expert analysts who present updated news, analyses and commentaries. Oanda has been recognised with over 50 industry awards over the years, in different areas including trading platform features, mobile apps, customer service, risk management, trader education and more.

Oanda Features

Oanda Features

Oanda asserts that it is the sole execution venue for all its clients’ orders. The broker also affirms that it does not operate an order book where clients’ orders could provide or take liquidity. All orders are executed at best available rates and optimum speeds. This method of execution makes the broker a ‘market maker’.

Oanda Awards

Oanda Awards

Oanda Regulation

In the United States, OANDA Corporation is a member of the National Futures Association (NFA) with the no. 0325821. The broker is also registered with the Commodities Futures Trading Commission (CFTC) as a registered Futures Commission Merchant and Retail Foreign Exchange Dealer (RFED).

In Canada, the broker is regulated by the Investment Industry Regulatory Organisation of Canada (IIROC).

Oanda Europe Ltd is authorised and regulated by the Financial Conduct Authority (FCA) with the license number: 542574.

Oanda Asia Pacific Ptd Ltd is regulated by the Monetary Authority of Singapore (MAS).

OANDA Australia Pty Ltd is authorised and regulated by the Australian Securities and Investments Commission ASIC (ABN 26 152 088 349, AFSL No. 412981).

Oanda Japan Co. Ltd. is regulated by the Financial Futures Association of Japan (FFAJ). The license number is 1571.

OANDA Global Markets Ltd is a is authorised and regulated by the BVI Financial Services Commission in the British Virgin Islands.

Clients’ deposits are maintained in different segregated bank accounts. These funds are kept in top European banks such as NatWest, Barclays and Lloyds, Ulster Bank in Ireland, Deutsche Bank in Germany and Barclays in France. Oanda accounts records are regularly crosschecked by internal auditors. Every year, ‘PricewaterhouseCoopers’ audits the records and the reports are sent to the relevant regulatory authorities.

Oanda UK and European clients are insured by the Financial Services Compensation Scheme (FSCS). The scheme will compensate eligible clients for up to £85,000 per person if the broker becomes insolvent. The Canadian clients are insured for up to one million Canadian Dollars by the Canadian Investor Protection Fund (CIPF). The MAS regulated jurisdictions are entitled to an insurance of up to 50,000 Singapore dollars.

Oanda protects its trading platforms and websites with Secured Socket Layer (SSL) encryptions to ensure adequate user protection from identity thieves and cyber hackers.

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AvaTrade is an award-winning broker offering 1250+ instruments including Forex, Cryptos, Stocks & CFDs. They provide user-...
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Oanda Countries

Oanda accepts clients from across the globe but do not accept residents of some countries where there are certain restrictions in place. Some Oanda broker features and products mentioned within this Oanda review may not be available to traders from specific countries due to legal restrictions.

Oanda Platforms

Oanda Next Generation Trading Platform

Oanda Trading Platform

Oanda Trading Platform

This is Oanda’s proprietary “next generation” platform that has won multiple awards. It has a set of tools for conducting market analysis, advanced charting and trade management. The platform offers a flexible and convenient trading environment for traders of all skill levels. It is available in 3 versions; web, desktop and mobile. The web version runs directly in the browser and thus, works on every operating system in most modern web browsers. The desktop version is installable on Windows and offers a fully customisable user interface. The mobile version is designed for Android/iOS devices and is useful for those who need to access their account and trade whilst on the go.

The following are some of the key features of the platform:

  • Sophisticated technical analysis tools with over 10 chart layouts.
  • Over 50 drawing tools and technical indicators for conducting chart analysis.
  • News aggregator with search function.
  • Access to algorithmic trading with Algo Labs
  • Risk management features including stop loss.
  • Trade performance analytics tool.
  • Customisable layouts and interface.
  • Powerful charting courtesy of Trading View.
  • Market news and analysis, economic calendar available on the platform.

MetaTrader 4 (MT4) Platform

Oanda MT4 Platform

Oanda MT4 Platform

This platform is perhaps the most popular in the forex trading world and has become a standard among many brokers and millions of traders worldwide. The MT4 platform is intuitive, versatile, fully customisable and packed with a vast array of essential tools useful to traders. Oanda presents MT4 as a downloadable desktop application and as mobile apps.

Here are some of the key features of the MT4 platform:

  • Real-time price quotes in the market watch window.
  • Multiple chart types (candlestick, bar, line) that can be displayed over 9 timeframes.
  • 30 inbuilt technical indicators and over 20 drawing tools.
  • Automated trading using Expert Advisors (EAs).
  • Strategy tester for historically testing EAs.
  • MQL editor for programming custom indicators, EAs and scripts.
  • Trade directly from the charts.
  • One-click trading.
  • Order management tools as well as risk control tools like stop loss and take profit.
  • Alert notifications via the platform, email and SMS.
  • Online community and marketplace for additional tools.

MetaTrader 5 (MT5) Platform

Oanda MT5 Platform

Oanda MT5 Platform

In addition to the MT4 platform, Oanda also provide its successor, the MT5 platform. Whilst this platform maintains the key features and functionalities of the MT4 platform, it also has some more advanced capabilities.

Traders will be able to enjoy features such as built in depth of market, an integrated economic calendar, one-click trading, advanced trading tools and improved charting capabilities. MT5 is available for web, desktop and mobile on live and demo accounts.

MT5 is a faster and more efficient platform that will improve the trading experience. Clients can automate trading strategies, buy and sell currency pairs with only one click and access greater market analysis tools. Clients can also create expert advisors in MQL5 to automate their trading strategies.

Mobile Trading

Oanda Mobile Platforms

Oanda Mobile Platforms

Both the Oanda trading platform and the MetaTrader platforms support mobile trading via iOS and Android apps. These mobile apps can be downloaded and installed from the respective app stores. They integrate seamlessly with the desktop applications and maintain similar features and functionality.

Here are a few features of the apps:

  • Real-time price quotes.
  • Support for technical analysis via charts, indicators and drawing tools.
  • Simple and user-friendly interface that can be customised to the user’s selections.
  • Monitor live trades, charts and news on the go.
  • Used to open, modify or close trade positions.
  • Trade performance analysis and history.
  • Push notifications.

Oanda Trading Tools

Advanced Charting

Oanda Advanced Charting

Oanda Advanced Charting

Oanda offer an advanced charting package on its proprietary Oanda Trade platform. The charting package consists of over 65 indicators and drawing tools. Clients can trade directly from the charts. There are about 11 customisable charts including the Heikin-Ashin, Renko, etc.

The charting package is provided by TradingView; a leading web-based charting package and social networking site. Oanda have conveniently integrated TradingView’s charting package into the ‘Oanda Trade’ platform.

Algo Lab

Oanda Algo Lab

Oanda Algo Lab

This module gives access to historical back tests, coding and deployment of automated trading strategies. It is powered by QuantConnect; a free algorithmic trading platform for forex and CFD trading. With the Algo Lab, clients can back test Oanda’s tick data from 2004. It is available in multiple programming languages such as C#, Python and F#. Clients can deploy their strategies straight from the Algo Lab to Oanda’s trading servers and trade forex and CFDs. It should be noted that historical performance is by no means any guarantee of future performance.

Pattern Recognition & Price Projection

The pattern recognition is a tool inbuilt into the Next Generation trading platform. It scans the charts and recognises technical patterns such as triangles and wedges, etc. When the patterns are complete, it creates a price projection box highlighting an area where it predicts the price action may go.

Module Linking

This tool enables the grouping of charts together for the sake of comparison. This tool is useful for examining the same assets over multiple charts, timeframes, indicators, etc at the same time.

Oanda Module Linking

Oanda Module Linking

Oanda Chart Forum Community

This is where traders can discuss strategies, exchange ideas and share chart analysis. It is part of the Next Generation trading platform. Traders can copy analysis, save and comment on posts.

Oanda Forum

Oanda Forum

Client Sentiment

This tool shows the percentage of traders that have bought a particular instrument as well as the percentage that have sold the same instrument. Sentiment analysis is commonly used as part of a contrarian trading strategy.

Oanda Client Sentiment

Oanda Client Sentiment

Market Calendar

This shows the dates and times scheduled for different global events as well as their predicted impact on the market. This calendar is powered by Reuters and it is streamed on the Next Generation platform.

Oanda Market Calendar

Oanda Market Calendar

Market Insights

This consists of daily commentaries and video analysis as presented by Oanda analysts. It is accessible via the trading platform. The aim is to give traders ideas on how to proceed based on the analysis and price movements surrounding various assets.

Market News & Analysis

The topics covered are market commentary, chart analysis, weekly outlook, technical and fundamental analysis. This is also prepared and presented by the team of analysts at Oanda.

Oanda Education

The Oanda website has a ‘Learn’ Section where a comprehensive range of educational materials for traders is provided. There are several training videos covering a variety of different trading topics including fundamental analysis, technical indicators, forex/CFD trading, etc. The videos are grouped for beginners, intermediate and advanced traders. There are trading guides covering different types of trading. In addition to this, there are articles explaining basic concepts which beginners may find useful if they are just getting started with online trading.

Oanda Instruments

Oanda offers around 126 instruments including approximately 70 forex assets including the major, minor and exotic pairs. The only assets available to US clients are currency pairs. CFDs are not available for trading in the United States.

For clients from other regions, the following pairs are available:

  • 70 currency pairs
  • 16 indices
  • 8 Commodities
  • 6 Bonds
  • 23 Metals

Oanda Accounts & Fees

Oanda operates from 5 regions: Europe, United States, Canada, Asia Pacific and Australia. Each of these regions is regulated by a different authority. The account types and leverage offered to clients depends on the region. OANDA Global Markets Ltd have leverage up to 1:200. Spreads are variable according to liquidity with EURUSD spreads starting from 0 pips, depending on the account type.

Here are the various Oanda account types:

  • Standard Account: There is no minimum deposit on this account and it is available to all clients.
  • Premium Account: The minimum deposit is $20,000 for US clients, 50,000 CAD for Canadian clients, $50,000 for European clients & Asia Pacific clients. Australian clients can open this account with 50,000 AUD.
  • IRA: This account is only available for US clients. The account is supported by IRA custodians like Midland IRA, Real Trust IRA, Pensco trust company, etc.
  • Professional Account: This account is available to European clients only.
  • Joint Account: Available to European & Canadian clients.
  • Business Entity Account: This is for Europeans & Canadians who run a business.
  • Eligible Contract Participant (ECP): This is available to US residents that have more than $10 million.
  • Corporate Accounts: This account is for Asia Pacific & Australian clients only.

As broker fees can vary and change, there may be additional fees that are not listed in this Oanda review. It is imperative to ensure that you check and understand all of the latest information before you open a Oanda broker account for online trading.

Oanda Support

The Oanda support desk is available 5 days a week via phone, email and live chat. Oanda chat is a virtual assistant that first initiates the chat. It speaks English, Chinese, Spanish and Dutch. The support page on the website has a Frequently Asked Questions (FAQs) section that can give instant answers to some common questions that you may have. Facebook, Twitter, LinkedIn and YouTube are the social media channels available.

Oanda Deposit & Withdrawal

The payment options available to you depends on your country of residence. Oanda does not accept payments from third parties.

The following payment options are available:

  • Automatic Clearing House (ACH): This method is payment is only available for USD accounts. Maximum limit is $50,000 and it takes up to 6 days.
  • Credit/Debit Cards: The cards are accepted are Mastercard and Visa card. There is a limit of $20,000 per month.
  • Wire Transfer: This takes 1-3 working days to deposit money through this method. International transfers can take up to 5 business days. There are no limitations on bank transfers.
  • Checks: This is only acceptable in the United States for only deposits. There are no deposit fees and it takes 4-6 days before the check clears.
  • Online Payments: The accepted payments are PayPal, BACS, CHAPS, Swift, SEPA and BPay.
  • PayPal, Neteller & Skrill: Clients in Europe can use PayPal, Neteller or Skrill for deposits and withdrawals.

Accounts can be opened in USD, EUR, HKD, SGD. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

Oanda Funding Options

Oanda Funding Options

Oanda Account Opening

To create a new trading account, visit the Oanda website and click on the ‘Open Live Account’ button which is found at the top of every webpage. The new account opening page opens. Type in your country in the textbox, if Oanda accepts residents from your country the form loads and opens, but if not, registration cannot continue.

Oanda Sign-up Process

Oanda Sign-up Process

There are forms to complete including account information, personal information and identity verification. If everything is done correctly, the account is approved and an email containing further instructions is sent by Oanda to the new client.

You should not have to provide any documents when you open an account with Oanda for deposits up to $9,000 (or USD equivalent). You can open a Standard, Core or Swap Free account without submitting any documents. Then you can deposit with various payment options including Neteller and Skrill and trade right away. Full account verification will still be needed before traders can deposit over $9,000 (or USD equivalent).

Oanda FAQ

What is the Oanda minimum deposit?

The minimum deposit required by Oanda is just $1. This means that you can try out the brokers products and services with a minimal investment to see if they are suitable for your needs. This is better than some brokers who require a minimum deposit of $200 and upwards.

How do I deposit money into Oanda?

The My funds page enables you to fund your account by bank wire, credit card, PayPal, Neteller, Skrill or cheque. You just need to sign into your Oanda account, click on ‘View’ located under ‘Manage Funds’. Once you are in the system (My Funds), you can deposit, withdraw and transfer funds between your Oanda sub-accounts.

PayPal is only available to Oanda Europe Limited (OEL) clients who reside in the United Kingdom (UK). If you are a resident of the European Union (EU), you will be unable to deposit funds via PayPal. PayPal is not available for funding or withdrawing funds to/from a Corporate account.

Oanda cannot accept payments from third parties. Please ensure that the name on the account from which the funds are originating matches that on your Oanda account. If you want to receive funds from a third party you need to set up a joint account with that party.

Bank transfers can take a few business days to clear whereas credit/debit card and PayPal deposits can be instantaneous.

What are the Oanda deposit fees?

Oanda does not charge any fees for deposits made by credit card, debit card, and bank transfers (i.e. BACS, CHAPS, or Internet Banking / Faster Payments). PayPal charges a service fee plus a percentage of the total amount deposited. This amount will be deducted from your deposit.

If your PayPal account is denominated in a currency other than GBP, EUR or USD, you may incur exchange fees levied by PayPal in addition to PayPal processing fees.

How do I withdraw money from Oanda?

You can withdraw money from your Oanda account using the same methods accepted for deposits, such as Wire Transfer, Credit or Debit Card and online payment processors such as Neteller, Skrill and PayPal.

You can sign into your Oanda account, click on ‘View’ located under ‘Manage Funds’. Once you are in the system (My Funds), you can deposit, withdraw and transfer funds between your Oanda sub-accounts.

For your security, you can only withdraw funds by the same method and in the same currency that you used to deposit them.

Funds must be returned to the original source from which they were deposited in the following order: Credit/debit card > PayPal > Bank transfer.

Withdrawals take one to six business days to clear depending on the method used. Withdrawals via bank wire transfer and credit/debit cards can take a few business days to clear whereas PayPal withdrawals can be completed within 24 hours.

The total amount you can withdraw to your credit/debit card(s) cannot be more than the total amount you deposited from those cards. Any funds remaining in your account after you have withdrawn the full amount originally deposited by credit/debit card (i.e. trading profits) must instead be withdrawn via PayPal or a bank transfer.

The name and address on your Oanda account must match the name and address on the bank account you would like the withdrawal to be processed to.

What are the Oanda withdrawal fees?

Oanda do not charge any fees or commissions on withdrawals made from your trading account. However, you may be subject to the fees that can be charged by the payment method provider of your choice or your bank.

What is the Oanda commission fee?

Oanda offer two pricing options: spread-only and core pricing plus commission.

  • Spread-only pricing: With this account type, the commission is included into the spread. Therefore, the spread is the only cost you pay, starting from around 1.4 pips.
  • Core pricing + commission trading: This account type has lower spreads as you pay a fixed commission per trade. The total cost for each trade will be the sum of the applicable core pricing spread plus commission. The core pricing spreads start from as low as 0 pips with $50 commissions per 1M.

Are there any Oanda inactivity fees?

Yes, Oanda do charge an inactivity fee. This is a monthly charge that is levied on your account if there has been no trading activity for a period of 12 months. Please note, inactivity fees will not be charged when there is an open position.

When inactivity fees are due, they are levied first on your sub-account with the smallest balance and continue to be debited from sub-accounts until a maximum of $10 per client has been debited each month. The amount claimed is converted to each sub-account’s home currency.

Inactivity fees will be applied to inactive accounts on the third last weekday of each month. Levying of inactivity fees will not result in a negative balance on any of your accounts.

Your account will be charged until one of the following conditions are met:

  • You close your account
  • You resume trading on your account
  • The balance on your account is reduced to zero

If you have resumed trading after inactivity fees have been levied, you can request a rebate of up to 3 months’ worth of the inactivity fees based on how many months you have been charged.

What are the Oanda account types?

Oanda account types vary depending on your location. The standard and premium offerings give you a range of benefits, including institution-grade execution, 24-hour support (available when the markets are open) and a host of platform features and account advantages.

OANDA Global Markets Ltd have leverage up to 1:200. Spreads are variable according to liquidity with EURUSD spreads starting from 0 pips, depending on the account type.

Is there an Oanda demo account?

Yes, there are Oanda demo accounts which provide are a good opportunity for you to explore and understand Oanda trading platforms. You can practice your trading strategies risk free using virtual funds until you feel confident enough to open a live account.

Demo accounts do not expire and you can change the balance at any time. Whilst the demo price feed is the same as the live account price feed, keep in mind that demo trading does not take into account human emotions such as fear. Greed and anger, all of which can have an impact when trading with real money.

What are the Oanda spreads?

Oanda offers dynamic spreads, which automatically adjusts to real time market conditions and provides bid and ask rates at the time of inquiry.

Each currency pair listed by your broker is accompanied by an exchange rate that shows the bid and ask price for the currency pair.

The bid price is the rate that your broker is willing to pay for the currency pair; in other words, this is the rate you receive if selling to the market.

The ask price is the rate at which your broker is willing to sell and represents the rate you must pay to buy the currency pair.

The bid price is always less than the ask price because brokers pay less than they receive for the same currency pair. This difference, known as the spread, is one of the ways in which Oanda generates revenue.

We found the Oanda spreads to be very competitive, especially on the core account, where spreads start from 0 pips.

What is the Oanda leverage?

OANDA Global Markets Ltd have leverage up to 1:200 but the leverage rate that you are entitled to use will depend on your location and if you qualify as a professional trader or not.

Leverage enables you to trade a larger position size than you would have been able to without it. E.g. A leverage ratio of 1:100 means that for every $1 in your account, you can place a trade of up to $100.

Whilst this can increase profit potential, it also significantly increases potential risk. It is therefore imperative that you have a clear understanding of what leverage is and how it works, before you trade with leveraged positions.

What are the Oanda margin & stop out levels?

To ensure you can cover any losses you might incur on your positions, Oanda requires sufficient collateral. This collateral is typically referred to as margin.

Margin requirements with Oanda vary based on the type of product you wish to buy or sell, as well as the division in which your account is contracted with.

Your margin requirement will be displayed in the order window on the platform when you enter the details of your order before placing a trade.

On Oanda fxTrade, the margin requirement is 50% of the margin needed to place a trade. You are required to maintain this margin requirement on your account. If the funds on your account falls below the margin requirement then your positions will be closed, this is known as margin closeout.

Do Oanda allow hedging, scalping, news trading & expert advisors?

Oanda do not have any restrictions on scalping or news trading strategies. They allow automated trading via expert advisors (EAs). Hedging is allowed for clients who are not based in the USA. They do not allow arbitrage trading.

Is there an Oanda Islamic account?

Yes, there is on Oanda Islamic account for traders who do not wish to pay or receive overnight swap or interest on their trades.

The swap-free account option enables you to take a position on 26 popular instruments, including forex pairs and indices such as EUR/USD, Germany 30 and the UK 100. Other features include zero commission, the ability to use expert advisors (EAs), hedging and scalping.

Trading on a swap-free account incurs no administration charge for the first five days that the trade is open. Starting from day 6, an administration charge is applied each day the trade remains open, until the trade is closed. This includes weekends.

The admin fee is charged per lot traded, with the exception of the Japan 225 index which is charged per 100 lots traded. The admin fee varies by instrument and can be checked on the brokers website.

What are the Oanda trading instruments?

Oanda have a variety of trading instruments including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds & CFDs. Please note that the instruments available will vary depending on your location and CFDs are not allowed in the USA.

How do I open an Oanda live account?

The application requirements to open an Oanda account and your Oanda division based on your country of residence. Kindly be aware that account applications are processed in line with regulatory and legislative requirements.

To create on Oanda account, you can click “get started” on the brokers website and complete the registration form. They will send you a verification email after which you will be able to login to your Oanda client area and complete the sign-up process.

How do I verify my Oanda account?

To comply with regulators, Oanda follows extensive anti-money laundering and due diligence guidelines. In order to verify your Oanda account, you will need to provide the following documents:

  • Proof of ID – A valid government-issued ID (e.g. Passport, ID card, driver’s license), containing the following information: name, picture and date of birth. (must match the information you registered your account with).
  • Proof of Address – A utility bill for address verification (e.g. electricity, water, gas, mobile or land-line phone, etc) containing your name, address, and issued date – not older than six months (must match the ones you registered with).

What is the Oanda trading platform?

Oanda provide their own proprietary trading platform and the popular MetaTrader 4 platform. Both platforms are very user-friendly and contain a plethora of trading tools for conducting in-depth markets analysis and deliver a seamless trading process.

Where can I download the Oanda platform?

You can download any of the Oanda trading platforms directly from the brokers website or the relevant app stores. The web platforms can be launched directly in your web browser without needing to download or install any additional software. All of the trading platforms come without any costs or strings attached. That means you are free to download one or all of them, and it won’t cost you a thing.

Where is Oanda located?

Oanda founded in 1996 and is headquartered in New York. They also have offices across the globe in London, Germany, Poland, Malta, Singapore, Sydney, Tokyo and Toronto.

Is Oanda regulated?

Yes, Oanda is regulated by top-tier authorities, such as the US Commodity Trading Futures Commission, the National Futures Association (CFTC), the Investment Industry Regulatory Organisation of Canada (IIROC), the UK’s Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).

In addition to this, Oanda are also regulated the Monetary Authority of Singapore (MAS), the Financial Futures Association of Japan (FFAJ) and the Financial Services Commission in the British Virgin Islands (BVI).

This is an impressive range of regulators covering multiple jurisdictions. It shows that Oanda must comply with strict rules that are put in place to protect investors all over the world.

What countries do Oanda accept?

Oanda opens accounts for clients from most countries, but are unable to consider applications from residents of a few countries at this current time. You can confirm your ability to register by visiting the brokers registration page and entering your country of residence on the account application page.

Is Oanda a scam?

No, Oanda is not a scam. The broker is regulated in multiple jurisdictions by some of the top tier regulators. They are well-established and have been providing trading services since way back in 1996.

How can I contact Oanda support?

You can contact Oanda support via live chat, telephone and email. They are available 24/5 and we found them to be very prompt and polite in their responses from a variety of different questions that we asked.

Oanda Summary

Oanda is a well-established broker that continues to implement the latest innovative trading technologies. The broker holds multiple regulations from different authorities and thus must carefully abide by the stringent regulatory provisions.

They have a generous selection of trading instruments whilst they can accommodate individual, corporate and international traders. There is no minimum deposit, meaning that anyone is welcome to use their trading services irrespective of trading capital or experience.

The proprietary Next Generation trading platform is a multiple award-winning platform. It has a myriad of innovative tools to assist traders. The sentiment analyses, social forum, news from Reuters as well as analysts’ insights are all welcome additions that make the platform an acceptable choice for all levels of trader. There is also a comprehensive range of training videos and other educational resources available on the Oanda website and platform.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Oanda Logo

Min $1 Deposit

Oanda is a multi-regulated & established online broker offering around 10,000 instruments to clients worldwide via versatile & user-friendly trading platforms.