| Updated: September 17, 2025OANDA is a leading financial services provider offering currency conversion, online retail foreign exchange trading, online foreign currency transfers and forex information.
| General Information about Oanda | |
|---|---|
| Min. Deposit | $0 ($25 for Trustly, Visa, Mastercard) |
| Supported Languages | German, English, Spanish, Russian, Chinese (Mandarin) |
| Supported Currencies | EUR, HKD, SGD, USD |
| Website | https://www.oanda.com |
| Phone Number | +853 6825 8512 |
| Support Email | frontdesk@oanda.com |
| Headquarters Address | Kingston Chambers, PO Box 173, Road Town, Tortola, British Virgin Islands |
Overview
OANDA is one of the oldest and most popular forex brokers. Established in 1995, it has since grown into one of the most renowned brokers in the industry.
The company is regulated by the CFTC, NFA, IIROC, FCA, MAS, ASIC, FFAJ and BVI, and its services are used by thousands of traders around the world. Apart from providing traders with an innovative and reliable way to participate in the forex market, OANDA also supplies them with detailed currency data based on its rich financial database.
Platform & features
 Platforms |
 PC / MAC |
 Smartphones |
 Tablets |
|---|---|---|---|
| MetaTrader 4 |   |   | |
| Trading Information | |
|---|---|
| Trading Platforms | MetaTrader 4, Oanda Web, TradingView |
| Demo Account |  |
| Hedging |  |
| Scalping | |
| US Traders | |
| Arabic Traders | |
Traders who use OANDA’s services can choose from the following platforms to execute their trades – FxTrade, FxTrade Mobile, MetaTrader 4 and MetaTrader 5. Each of these platforms provides users with detailed information about all assets as well as access to the most popular technical tools.
The account registration process is straightforward, and you can choose between seven currencies – USD, AUD, JPY, GBP, CHF, CAD, SGD, EUR and more. The minimum deposit is just $1, making OANDA an ideal starting point for beginners who don’t want to commit large amounts of money. If you think that trading with real money isn’t the right choice for you, OANDA also offers the opportunity to open a demo account. Keep in mind that you can also take advantage of the 1:50 leverage that OANDA offers.
Trading assets
Traders using OANDA’s services get access to some of the most popular currency pairs as well as some lesser-known ones. One of the main advantages of this broker is that it offers very tight spreads for some of the most popular currency pairs. For example, the EUR/USD currency pair has a spread of just 0.9.
| Instrument | Spread |
|---|---|
| AUDUSD | AVG 1.3 pips |
| EURGBP | AVG 1.3 pips |
| EURUSD | AVG 1.5 pips |
| GBPUSD | AVG 1.8 pips |
| NZDUSD | AVG 2.4 pips |
| USDCAD | AVG 2 pips |
| USDCHF | AVG 1.6 pips |
| USDJPY | AVG 1.7 pips |
| Brand | Minimum | Fees | Processing Time |
 | $1 | No Fees | 1-3 business days |
 | $1 | No Fees | 1-3 business days |
 | $1 | No Fees | 1-3 business days |
 | $1 | No Fees | 1-3 business days |
 | $1 | No Fees | 1-3 business days |
| Brand | Minimum | Fees | Processing Time |
| - | No Fees | 1-3 business days |
| - | No Fees | 1-3 business days |
| - | No Fees | 1-3 business days |
| - | No Fees | 1-3 business days |
| - | No Fees | 1-3 business days |
Reliability
Money can be deposited or withdrawn from OANDA via debit/credit card, wire transfer, PayPal or by cheque. Keep in mind that the PayPal and cheque options are only available if your account currency is USD. Another thing you should know about OANDA is that depositing and withdrawing money isn’t completely free. Every deposit is subject to a fee of $0.15 + 2.8% of the amount transferred. In the meantime, withdrawing funds to a credit card will cost you between $0 and $15, while withdrawing via wire transfer costs $20. If you have any problems with your account or the trading platform, you can rely on OANDA’s support staff, who are available 24/5. They can be contacted via forums, chat, email or phone. Overall, OANDA is known as one of the most reliable and trustworthy forex brokers on the internet.
| Regulator | Licence |
|---|---|
| CFTC | 0325821 |
| FCA | 542574 |
| JFSA | 4010001122945 |
| KNF | KPWiG-4021-54-1/2004 |
| MAS | |
| ASIC | 000412981 |
| BVIFSC | SIBA/L/20/1130 |
Bonus offers
Currently, OANDA offers a 50% bonus of up to $1,000 on the initial deposit into a live account. The minimum initial deposit to qualify for this promotion is $25. It is important to note that the bonus can only be used for trading and cannot be withdrawn as cash.