OANDA review

Information source:
The source of this information is the website and the broker's trading platform listed in the Web section of this review. The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business.

In this review we compared OANDA with competition based on ⏩ fees, spreads, offer of trading assets and experience of traders. OANDA legally operates in the United Kingdom, United States of America and Australia thanks to FCA, CFTC and ASIC licenses.


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 OANDA review

About the broker

Web:https://www.oanda.com/
Readers' rating10 Votes
58
License:ASIC FCA CFTC
Supported languages:English and German
Year of foundation:1996
Headquarters:Floor 3, 18 St. Swithin's Lane, London EC4N 8AD
Methods of contacting customer support:E-mail, online chat
Deposit methods:Debit and Credit Cards, PayPal, Bank transfer
Withdrawal methods:Debit and Credit Cards, PayPal, Bank transfer

About trading with OANDA

Min. trade:0.01
Spreads:Look at the spread table - spread on the currency pair EUR/USD is 1.4 pips * on a standard account type
Underlying assets:
Might be a CFD.
Forex (71), commodities (11), indexes (7)
Demo account: Yes
Mobile app: Yes
MetaTrader 4:Yes
Social trading:No

Spreads & fees

Fees of most brokers change relatively often and unfortunately it is not in our possibilities to keep up-to-date information about fees at OANDA, of course you can find current info on their website https://www.oanda.com/.

Spreads at OANDA on standard account*

EUR/USDGBP/USDUSD/JPYEUR/GBPUSD/CHFEUR/JPY
1.4

* Spread was taken 04.06.2019 at 10:32 from the web or trading platform of OANDA.

Random reviews of competing CFD brokers: Xtrade, Samco, BCRCorp and DeltaStock

The broker has not yet been rated by the visitors of the website. Write a review.

Frequently Asked Questions

🧐 Is OANDA a scam?

We highly recommend you to read the user reviews on our website before you start trading with this brokerage company. It will help you to determine if OANDA is a scam or not.

🆓 How to open a free demo account?

Opening a demo account with OANDA is very simple, just register on their website.

📱 Does OANDA offer the best mobile app for trading?

OANDA offers a mobile trading app and you can definitely start trading with it. It is very difficult and subjective to determine if they feature the best mobile platform. However, you are welcome to test it yourself.

We compared some reputable brokers and their mobile trading apps, check out the comparison and be saved from the hassle of testing the OANDA mobile app.

⚖️ Would you recommend me OANDA?

OANDA is one of tens (possibly hundreds) of brokers operating in the United Kingdom, United States of America and Australia, and that's why it makes no sense to choose OANDA as a broker where you trade before you compare it with competitors.

Is this an ad?

We operate our website in full transparency, we recommend reliable brokers with an excellent reputation and we honestly admit to you that we receive commissions for that from these brokers. You can find the mentioned brokers in the table below with a clickable link to their site. You don't pay anything extra, you get a reliable business partner and you help us keep the website up and running. Thank you.

BrokerEnglishMin. depositSpread EUR/USD*PlatformsLicense
Readers' rating750 Votes
83
100 USD 1.0 pips
Spread was taken 27.09.2024 at 11:12 from the web or trading platform of Etoro.
In-house built platform FCAASICCySecetoro.comreview  EUR/USD*: 1.0 pips
Spread was taken 27.09.2024 at 11:12 from the web or trading platform of Etoro.
51% of retail investor accounts lose money when trading CFDs with this provider
Readers' rating774 Votes
86
0 0.9 pips
Spread was taken 27.09.2024 at 11:12 from the web or trading platform of XTB.
In-house built platformFCA CySecxtb.comreview EUR/USD*: 0.9 pips
Spread was taken 27.09.2024 at 11:12 from the web or trading platform of XTB.
77% of retail investor accounts lose money when trading CFDs with this provider
Readers' rating481 Votes
79
100 USD 0.8 pips
Spread was taken 27.09.2024 at 11:12 from the web or trading platform of Plus500.
In-house built CFD platformFCAASICCySecplus500.comreview EUR/USD*: 0.8 pips
Spread was taken 27.09.2024 at 11:12 from the web or trading platform of Plus500.
82% of retail investor accounts lose money when trading CFDs with this provider

* The spread is variable for most brokers and changes depending on market volatility.


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.

Comparing spreads, fees, trading platforms, regulations and reading dozens of user reviews of all popular FX and CFD brokers is very time-consuming for every trader. That is why we have done all this hard work for you so you could already only start trading with a company that features a quick modern trading platform, a large variety of assets and a quick customer service. From our comparisons, all these criteria are met by Etoro 51% of retail investor accounts lose money when trading CFDs with this provider - advertising partner.

Selecting an unsuitable broker can put even a great trader at a loss.

That is why it is important to choose the right one. Choosing the right broker often stands between profit and loss. Don't you know how to choose? We have prepared an independent article for you, which will help you with your broker selection. You will get to know, what factors are important to watch out for when you are choosing a forex/CFD broker.

If you have any experience with OANDA, please share it in the comments to help others to choose the suitable broker.

OANDA review & user ratings

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