Oanda
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78.3% of retail CFD accounts lose money.

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Updated Feb 01 2023

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78.3% of retail CFD accounts lose money.

Overview

Oanda is an international Forex broker founded in 1996 with headquarters in the United States. Oanda specialises exclusively in currency trading solutions for all trader levels. Their greatest selling points are their strong regulatory framework and robust proprietary platforms.

Best For
  • Forex traders of all levels (from beginner to advanced)
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

7

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CFTC (U.S)
  • NFA (U.S)
  • ASIC (Australia)
  • FCA (UK)
  • MAS (Singapore)
  • IIROC (Canada)
  • FFAJ (Japan)
  • BVI (British Virgin Islands)
The Good
  • High trustworthiness, regulated by the best regulators in the world
  • Fast, simple and professional trading platforms
  • Competitive spreads in their currency pairs
The Bad
  • Extremely limited offering of assets (104)
  • No ability to purchase real stocks or cryptocurrencies, only CFDs
Status
Operational
Recent News

No fresh news at the moment. Check again soon!

Key Data
⌛ Account Opening Time
1 day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

📍 Year Founded
1996
💳 Minimum Deposit Range
0
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
💵 Account Base Currencies
9 - USD, EUR, GBP, SGD, CHF, JPY, AUD, CAD, HKD.
🗽 Available to U.S Citizens
Yes
❌ Restricted Countries

AF, AL, BS, BB, BW, BF, BI, KH, KY, CF, TD, CD, CG, CU, ER, ET, GH, IR, IQ, JM, KP, LY, MU, MN, MA, MM, NI, NG, PK, PS, PA, SN, SL, SO, SS, SD, SY, TT, TN, UG, VU, YE, ZW.

📊 STP Account
No
📊 DMA Account
No
📊 ECN Account
Yes
Banking License
No
Debit Card
No
Assets
📚 Assets Type
CFDs
Total Asset Offering
107
Exchange Access
0
📙 Real Stocks
0
📙 Stock CFDs
0
📘 Currency Pairs
0
📘 Currency Pair CFDs
68
📗 Commodities
0
📗 Commodities CFDs
13
📕 Indices
0
📕 Indices CFDs
16
📔 ETFs
0
📔 ETFs CFDs
4
💸 Cryptocurrencies
0
💸 Cryptocurrency CFDs
0
📒 Bonds
0
📒 Bonds CFDs
6
📓 Options
0
📓 Options CFDs
0
📗 Futures
0
📗 Futures CFDs
0
Trading Experience
📈 Minimum Stock Trade Size
Unavailable
📉 Minimum ETFs Trade Size
Unavailable
📈 Minimum Crypto Trade Size
Varies by crypto (Eg: 0.01 BTC)
📉 Minimum FX Trade Size
1 unit of any currency pair (Eg: 1 Euro, 1 USD, 1 GBP, etc)
📈 Minimum Commodities Trade Size
Varies by Commodity (Eg: 1 Troy ounce of Gold)
📉 Minimum Bonds Trade Size
1 Bond
📈 Minimum Futures Trade Size
Unavailable
📉 Minimum Options Trade Size
Unavailable
💪 Retail Leverage
30
💪 Professional Leverage
100
✍ Customisable Leverage
Yes
🎲 Deleveraged Trading
No
🎓 Demo Account
Yes
📱 IOS App
Yes
📱 Android App
Yes
📺 MetaTrader 4
Yes
📺 MetaTrader 5
Yes
📺 cTrader
No
💻 Web trader
Yes
💻 TradingView Platform
Yes
💻 Proprietary Platform
Yes
📊 Multi-chart Tools
Yes
👬 Copy Trading
No
👫 Social Trading
No
🔑 Guaranteed Stop-loss
Yes
🔨 Trailing Stop-loss
Yes
Fees
💰 Inactivity Fee

$10 after 1 year of inactivity.

💰 Deposit Fees

Credit and Debit cards are free, when it comes to Bank transfer depends on the account's base currency (eg: the first withdrawal costs $, €, £ 20 and any subsequent ones 35). In the case of SGD, there are no fees.

💰 Withdrawal Fees
None
💰 Commissions
None
Spreads
📈 EUR/USD
Dynamic - From 0.8 Pips
📉 SP500
Dynamic - From 30 Pips
📈 GOLD
Dynamic - From 26 Pips
📉 TSLA (Stock CFD)
Unavailable
📈 XLK (ETF - CFD)
Unavailable
📉 BTC
Dynamic - From $100
Research and Analysis
⭐ Watchlists
Yes
🔭 Stock Screener
No
🗓 Economic Calendar
Yes
📜 Integrated Newsfeed
Yes
📡 Reuters Feed
No
📡 Educational Content
Yes
📡 Live Chat Support
Yes
📡 Video Tutorials
No
📡 Account Management
No
📡 Webinars
No