Oanda Review 2024

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Education Rating
Service Rating
Founded 1996
Standard account $100
Leverage 1:50
Spread 1-3

Oanda General Information

OANDA stands as one of the oldest and most reputable forex brokers in operation within the online currency markets today. Its inception dates back to 1996 when an amalgamation of expertise between an information technology scientist and a financial expert led to the foresight that the internet would soon revolutionize global financial markets, streamlining processes for greater efficiency in electronic commerce.

The wide spectrum of services offered by OANDA caters to the needs of online international financial markets. Alongside trading software, the broker offers up-to-date trading information, investment instruments, and resources for both individual traders and investment firms. The company's primary headquarters is situated in New York, United States, with additional presence through representative offices and sales centers in Singapore, Canada, the United Kingdom, and Japan.

OANDA is at the forefront of providing traders with cutting-edge trading and informational technologies, ensuring efficient online currency trading and delivering the most current and precise financial data. These services are extended to a diverse clientele, ranging from individual traders to major financial corporations, personal account managers, and institutional brokers. OANDA has earned recognition as a market maker and a trusted source of financial data, granting customers access to one of the world's most extensive economic and financial databases. The broker offers a comprehensive array of currency pairs, including exotic options such as EUR/CHF and JPY/CAD, and serves traders both in the United States and around the globe.

Noteworthy advantages of trading with OANDA include:

  • fxTrade: A transparent, user-friendly, cost-effective, and customizable currency trading platform catering to traders, investment managers, financial institutions, and corporations.
  • OANDA.com: A website providing currency information, tools, and resources for investors, businesses, and traders.
  • Forex Blog: Offering RSS feeds, daily market reviews, and forecasts from the broker's resident currency analysts.
  • OANDA Research and Innovation Center: A blog focusing on innovation, product design, and next-generation trading technologies.

The broker's offerings extend beyond trading platforms, encompassing features such as:

  • CFD Trading: Providing access to prices on a wide range of global CFD instruments, including indices, forex, commodities, metals, and bonds.
  • Currency Converter: Access to real-time rates for major FX pairs and historical exchange rates spanning up to 25 years across 38,000 forex pairs.
  • FX Data Services: Introducing OANDA Treasury, Exchange Rates API, Historical Currency Converter, and Corporate Payments solutions.

OANDA's website also acts as a comprehensive resource hub, addressing queries such as why OANDA is a reliable broker, how to navigate trading on OANDA, and the safety assurances it offers. It further provides valuable tools like currency charts, currency converters, rates, news updates, and promotional actions.

On OANDA's forex company website, traders can discover OANDA Rate® data, a currency calculator featuring foreign exchange rates aggregated from leading market data contributors. This data is trusted and employed by major corporations, tax authorities, auditing firms, and individuals globally.

For an in-depth understanding of OANDA's performance and reputation, visitors can explore OANDA forex broker profile pages on our website, which feature reviews and ratings from fellow traders. Users are encouraged to contribute their personal OANDA reviews based on their experiences. These reviews are rated with gold stars to reflect their usefulness, as evaluated by other site visitors.

Welcome to OANDA - Where Professional Traders Thrive

Unlock the full potential of your trading journey with MetaTrader 5, the world's most renowned trading platform. Elevate your trading experience in stocks and CFDs with this top-of-the-line platform that caters to the needs of professional traders.

  • Trade With Precision: MetaTrader 5 empowers you to trade in harmony with prevailing trends or against them. Gain valuable insights by monitoring how fellow traders are navigating the markets. Stay informed with real-time news updates, expert trade ideas, and in-depth market analysis.
  • Master Multifaceted Markets: Embark on an unparalleled multi-asset trading experience, offering unfettered access to global markets for both stocks and CFDs. Construct and customize your investment portfolio to align with your unique goals and preferences.
  • Commission-Free Trading: Seize the opportunity to trade forex, cryptocurrencies, indices, and commodities CFDs without the encumbrance of commissions. Unleash the power of your trades and make the most of your investments.
  • Your Trading Arsenal, Always at Hand: Access this formidable trading platform wherever you go with the OANDA app, seamlessly delivered to your smartphone. Enjoy the convenience of trading at your fingertips while staying connected to the markets.

Choose OANDA and experience trading at its finest. Elevate your skills, execute with precision, and embrace the world of limitless possibilities in stocks and CFDs. Join our community of professional traders today.

Explore the World of Trading

Discover a world of trading opportunities with us. We offer a diverse range of financial products, including Forex in the US and Japan, as well as Forex and CFDs (contracts for difference) in Canada, the UK, EMEA, APAC, and Australia. In the US, we also provide access to a carefully selected portfolio of popular cryptocurrencies. Our award-winning platform stands out, delivering exceptional execution combined with sophisticated trading tools. Dive into advanced charting packages featuring an extensive array of cutting-edge indicators and drawing tools, all powered by TradingView.

API - Unveiling Our Expertise

At the heart of our services lies our expertise in currency data and analytics. As a global leader in corporate FX solutions, we set the gold standard for foreign exchange data. Our exchange rates API and Historical Currency Converter are trusted by thousands of global companies. With automated data delivery on over 200 currencies, including access to 25 central bank exchange rates, our exchange rates API ensures you have the most up-to-date information at your fingertips. We provide a comprehensive range of data, from daily averages to real-time (spot), tick-level, forward rates, and more, seamlessly integrated into your ERP, TMS, digital products, apps, or websites. Additionally, our historical currency converter grants you access to up to 25 years of historical exchange rates, covering a vast selection of 38,000 currency pairs.

Our Vision: Transforming Currency Interactions

Our overarching vision is clear: to revolutionize every facet of how the world engages with currencies. Whether it's trading or harnessing currency data and information, we are dedicated to driving positive change and innovation in the world of finance. Join us on this transformative journey.

Oanda Trading Information 2024

Warsaw, at Zlota 59 Street
Support Phone
(+49) 6995019607
Support e-mail
Trading software

Diving into the world of online trading requires the right set of tools, and at OANDA, we offer an array of cutting-edge trading software to cater to your diverse needs. Our commitment to providing exceptional trading experiences is reflected in our selection of platforms. Here's a closer look at the trading software available to you:

  • OANDA fxTrade: As our flagship trading platform, OANDA fxTrade is designed to offer a seamless and feature-rich trading experience. With its user-friendly interface, advanced charting tools, and a wide range of customizable options, fxTrade empowers traders of all levels to make well-informed decisions. Whether you're into forex, commodities, indices, or bonds, this platform provides you with the necessary tools to succeed.
  • MetaTrader 4 (MT4): Join millions of traders worldwide who trust MetaTrader 4 for its robust capabilities. MT4 is renowned for its extensive technical analysis tools, automated trading options, and the ability to access a vast library of expert advisors (EAs). It's an excellent choice for traders who prefer a globally recognized platform with a wide range of trading features.
  • fxTrade Mobile: Stay connected to the markets no matter where you are with our mobile trading app. fxTrade Mobile is designed to provide on-the-go access to real-time market data, charts, and trading functionality. Trade from your smartphone or tablet with confidence, knowing that you have the power of OANDA in the palm of your hand.
  • fxTrade API: For traders seeking advanced customization and integration capabilities, our fxTrade API offers a solution. It allows you to connect your trading strategies and applications directly to OANDA's liquidity pools. This opens up opportunities for algorithmic trading and the development of bespoke trading solutions.

By offering a diverse range of trading software, we ensure that you have the flexibility to choose the platform that aligns best with your trading style and preferences. Whether you're an active day trader or a long-term investor, OANDA's suite of trading software has you covered.

Join us at OANDA and experience the power of choice when it comes to trading software. Explore our platforms and find the one that empowers you to navigate the financial markets with confidence and precision. Your trading journey begins here.

Free Education

Enhancing your trading skills and refining your strategy is essential for success in the financial markets. At OANDA, we provide you with access to a wealth of knowledge and expertise through our team of professional instructors. Whether you're a beginner or an experienced trader, our instructors are here to guide you on your trading journey.

Extensive Selection of Trading Webinars and Events

Choose from a wide range of trading webinars and events tailored to various skill levels and interests. Our instructors conduct informative sessions designed to help you navigate the complexities of the financial markets. These sessions cover a diverse array of topics, including technical analysis, risk management, market trends, and more.

Why Partner with Our Instructors:

  • Experience: Benefit from the vast experience of our instructors, who have a deep understanding of the financial markets and trading strategies.
  • Practical Insights: Gain practical insights that can be applied directly to your trading activities.
  • Interactive Learning: Engage in interactive sessions that allow you to ask questions and seek clarification on trading concepts.
  • Tailored Guidance: Receive guidance tailored to your trading goals, whether you're focused on forex, commodities, indices, or other instruments.

Our commitment to your success extends beyond providing a trading platform. We believe in equipping you with the knowledge and skills necessary to make informed trading decisions. By participating in our webinars and events, you'll have the opportunity to refine your strategy, stay updated on market trends, and enhance your trading proficiency.

Join us at OANDA, where your trading journey is enriched by the expertise of our professional instructors. Take a proactive step toward achieving your financial goals by accessing our comprehensive educational resources.

Account Types

Your financial journey is unique, and at OANDA, we empower you to customize your trading experience according to your preferences. With a diverse range of CFD markets, four distinct trading methods, and access to sophisticated analysis tools and APIs, you have the flexibility to choose what suits you best. Explore your options:

CFD Markets: Access a wide array of CFD markets covering indices, forex, commodities, metals, and bonds. Choose the markets that align with your trading strategy and financial goals.

Four Trading Methods: We provide you with four flexible ways to trade:

  • OANDA Trade Platform: Our award-winning proprietary platform, offering intuitive navigation and powerful trading tools.
  • MetaTrader 4: The globally renowned trading platform known for its versatility and advanced features.
  • Mobile Trading: Trade on the go with our mobile trading app, ensuring you never miss out on market opportunities.
  • APIs: Harness the power of our APIs for customized trading solutions tailored to your specific needs.

Account Selection: Determine which account type best suits your requirements. Choose between our Standard and Premium accounts, each offering a range of advantages, including 24-hour support during market hours and an array of platform features.

Not sure which account type to choose? Our Account Comparison tool can help you make an informed decision. Whether you're a seasoned trader seeking advanced features or a newcomer looking for simplicity, we have the right account for you.

At OANDA, we believe in putting the control in your hands, allowing you to craft your trading journey based on your individual preferences. Join us today to embark on a trading experience tailored to your unique needs.

Available Assets

Dive into a world of trading opportunities with our comprehensive range of global Contracts for Difference (CFD) instruments. At OANDA, we offer a diverse selection that covers:

  • Indices: Trade CFDs on major stock indices, including the S&P 500, FTSE 100, DAX 30, and more. Gain exposure to the performance of global equity markets and diversify your portfolio.
  • Forex: Access a vast array of forex CFDs, featuring all major and minor currency pairs. Take advantage of currency fluctuations and make informed trading decisions.
  • Commodities: Explore the world of commodities through CFDs on assets like Brent Crude Oil, Natural Gas, Wheat, Copper, and more. Capitalize on price movements in the commodities market.
  • Metals: Invest in precious metals with CFDs on assets such as Gold (XAU/USD), Silver, and Palladium. These assets provide opportunities for both hedging and profit potential.
  • Bonds: Diversify your investment portfolio by trading CFDs on various bonds, including Bunds, UK 10-Year Gilts, US 10-Year T-Notes, US 2-Year T-Notes, US 5-Year T-Notes, and US T-Bonds.

With our user-friendly trading platforms, competitive spreads, and advanced charting tools, you can navigate the world of CFD trading with confidence. Whether you're a seasoned trader or just starting, our wide range of CFD instruments allows you to tailor your trading strategy to suit your financial goals. Join OANDA today and seize the multitude of opportunities available across these global CFD markets.


At OANDA, we provide traders with a competitive edge by offering CFD spreads on over 70 forex pairs, covering all major and minor currency pairs. Whether you're an experienced forex trader or just starting, our range of platforms and tools ensures that you can make the most of your forex trading experience.

Forex Pairs: With OANDA, you can trade a wide variety of forex pairs, including major pairs like EUR/USD, GBP/USD, and USD/JPY, as well as minor pairs like AUD/CAD and NZD/JPY. Our competitive spreads enable you to capture price movements and capitalize on potential profit opportunities across these pairs.

Trading Platforms:

  • OANDA Trade Platform: Our award-winning OANDA Trade platform is designed to provide you with a seamless trading experience. It offers advanced charting tools, a user-friendly interface, and access to a wealth of trading resources.
  • MetaTrader 4 (MT4): As a globally renowned trading platform, MetaTrader 4 is favored by traders worldwide. OANDA offers MT4 to traders who prefer its extensive features and expert advisors (EAs) for automated trading.

We believe in equipping our traders with the knowledge and insights they need to succeed. That's why we offer a range of educational resources, including webinars, market analysis, and trading guides, to help you make informed trading decisions.

  • Risk Management: Managing risk is crucial in forex trading. With OANDA, you can utilize risk management tools like stop-loss orders and take-profit orders to protect your investments and optimize your trading strategy.
  • Competitive Spreads: We understand the importance of competitive pricing in forex trading. OANDA's competitive spreads ensure that you can execute trades with minimal cost, maximizing your potential returns.

Join OANDA today to unlock your forex trading potential. Whether you're looking to diversify your portfolio, hedge against currency risk, or seek profit opportunities in the dynamic forex market, we provide the resources and support you need to achieve your trading goals.

Precious Metals

At OANDA, we empower traders with the ability to diversify their portfolios by offering a broad selection of precious metals for trading. Whether you're an experienced investor or just starting, you can take advantage of these exciting opportunities in the metals market.

Our metals offering includes:

  • Gold (XAU/USD): With OANDA, you can trade XAU/USD with spreads starting from just 25 cents. Gold is often seen as a safe-haven asset and a hedge against economic uncertainty, making it a popular choice among traders.
  • Silver: Silver is known for its volatility and can provide traders with unique opportunities. OANDA enables you to trade silver to capture price movements and potential profits.
  • Palladium: Palladium is a rare and valuable metal used in various industries, including automotive and electronics. Trading palladium with OANDA allows you to tap into this market's potential.

By trading precious metals with OANDA, you gain access to competitive spreads and a user-friendly trading platform. Whether you're interested in the long-term potential of gold, the versatility of silver, or the industrial demand for palladium, we provide the tools and resources to help you make informed trading decisions.

Join OANDA today and start trading precious metals to diversify your investment portfolio and seize opportunities in this dynamic market.


At OANDA, we're proud to offer our traders some of the most competitive spreads in the industry, making your trading experience both cost-effective and efficient. Our spreads start from as low as 3 points for Brent Crude Oil, ensuring that you can optimize your trading strategies and minimize costs. In addition to Brent Crude Oil, we provide competitive pricing on a diverse range of commodities, including: Copper, Wheat, Natural Gas.

With access to these commodity markets, you can explore various trading opportunities and diversify your portfolio. Whether you're interested in energy resources like crude oil and natural gas or agricultural commodities like wheat, our platform offers you the flexibility to trade commodities that align with your investment objectives.

At OANDA, we are committed to delivering competitive spreads and a wide range of trading instruments to enhance your trading experience. Join us today to take advantage of our cost-effective commodity trading options and unlock new opportunities in the world of commodities trading.


Dive into the world of Contract for Difference (CFD) trading with OANDA and explore a vast array of bond options. Our platform allows you to seize opportunities in the bond market by offering CFD prices on various bonds, including:

  • Bunds
  • UK 10-Year Gilt
  • US 10-Year Treasury Note
  • US 2-Year Treasury Note
  • US 5-Year Treasury Note
  • US Treasury Bond

With access to these diverse bond CFDs, you can build a well-rounded trading portfolio and take positions on bonds from different regions and maturity levels. Whether you're interested in European bonds, UK gilts, or US treasuries, our platform provides you with the tools and flexibility to implement your trading strategies effectively.

At OANDA, we're committed to expanding your trading horizons, and our range of bond CFDs is just one way we empower you to diversify your trading activities. Join us today and embark on a journey of exploring the exciting world of CFD trading in bonds.


At our brokerage, we take pride in offering some of the most competitive spreads in the industry. With our commitment to providing you with the best trading conditions, we ensure that you can optimize your trading strategies and achieve your financial goals. Our spreads are designed to empower you in your trading journey, and they start from as low as 0.8 points for the UK 100 and 1 point for the Germany 30 index. When it comes to trading the SPX 500, you can benefit from spreads as tight as 0.3 points, and for the Wall St 30, spreads start at just 1.5 points.

These low spreads reflect our dedication to offering you cost-effective trading solutions, enabling you to capitalize on market opportunities while keeping your trading expenses in check.

Join us today to experience the advantages of trading with competitive spreads and discover how we can support your trading endeavors.

Trading signals

Uncover a world of financial tools and resources with OANDA. Our offerings include OANDA Treasury, Exchange Rates API, Historical Currency Converter, and Corporate Payments solutions.

Exchange Rates API: Access Currency Data with Ease

Our Exchange Rates API provides access to a wealth of currency data, covering over 200 currencies worldwide. With seamless integration, you can effortlessly receive a variety of data types, including daily averages, real-time (spot) rates, tick-level data, and forward rates. This data can be automatically integrated into your ERP, TMS, digital products, apps, or website, ensuring that you always have the latest and most accurate currency information at your disposal.

Historical Currency Converter: Unlock Years of Exchange Rate Data

Delve into the past with our Historical Currency Converter. Gain access to up to 25 years of historical exchange rate data, encompassing a staggering 38,000 currency pairs. This valuable resource empowers you to analyze and interpret currency trends, conduct research, and make informed financial decisions based on historical data.

Corporate Payments Solutions: Streamline Your Financial Operations

Discover our Corporate Payments solutions designed to streamline and optimize your financial operations. With OANDA, you can enhance your efficiency and accuracy in managing corporate payments, ensuring seamless transactions and financial management.

Whether you're seeking real-time currency data, historical exchange rates, or corporate payment solutions, OANDA has you covered with a comprehensive suite of financial tools and resources to meet your needs.

Account currencies
Payment Methods
Credit Card, PayPal, Wire Transfer, Check
English, Russian, Japanese, Chinese, Spanish, German, Korean and French
Spread Type
Broker Type

Minimum Lot Size: 0.01

Digits After Dot

Yes   24/5 Trading

Yes   Demo account

Yes   Daily Analytics

Yes   Swaps

Yes   Hedging

Yes   Scalping

Yes   Minus Protection

Yes   Mobile Trading

Yes   Automated Trading

Yes   Cashback

Yes   Trust Management

Yes   Promotions

Yes   Contests

Oanda Traders Reviews

  September 13, 2023  

My first experience with OANDA left me thoroughly frustrated, and I'm still boiling mad about it. While it might cater to experienced traders, it's undoubtedly not a welcoming place for newcomers like me. It feels as if the company pays little to no heed to its customers' needs and preferences. First and foremost, there are no enticing bonuses to sweeten the deal, and the absence of cryptocurrencies on the platform is a glaring omission in today's trading landscape. The leverage, capped at 1:50, raises the question of how much capital one needs to amass in their account to generate substantial profits. Furthermore, the lack of cent accounts makes it challenging for beginners to manage their risk effectively. Frankly, I'm still perplexed by the accolades showered upon this broker. From my perspective, it's more of a "nothing burger." While it might have its merits for seasoned traders, it falls short in many aspects when it comes to accommodating the needs and preferences of traders who are just starting in the world of financial markets.

  August 3, 2023  

I had a six-month collaboration with OANDA, and I must say it's a case of "not bad, but there are better options out there." Undoubtedly, its standout feature is the top-notch safety score. OANDA boasts multiple regulatory bodies overseeing its operations, and the fact that it has been a prominent player in the market for 25 years adds to its credibility. However, there are several aspects that could certainly be improved. The most notable drawback is the leverage of 1:50, especially for traders with modest deposits. This limitation significantly restricts your trading capabilities. Additionally, the exclusive withdrawal method through bank cards, while seemingly convenient, accumulates considerable commissions, making it less appealing in the long run. One significant area of concern is the user-friendliness of OANDA's website, which I found to be one of the most inconvenient among brokers I've encountered. It seems nonfunctional and could certainly benefit from an overhaul. In essence, OANDA is a decent choice, but the market offers more intriguing options. While its safety measures and long-standing presence are commendable, the limited leverage and withdrawal restrictions, coupled with a cumbersome website, may lead traders to explore alternatives that better align with their preferences and needs.

  June 11, 2023  

OANDA has earned a commendable reputation, largely owing to its association with a reputable regulator. For someone like me, the credibility of the regulator is the paramount factor when selecting a broker. I meticulously reviewed their user agreement and found no hidden traps or unexpected clauses. In terms of trading conditions, OANDA offers a fairly decent package. They provide a broad spectrum of financial instruments and maintain competitive spreads, which is certainly a plus. However, it's important to weigh these pros against some noticeable cons. One drawback is the absence of bonus programs, which can be disappointing for traders seeking additional incentives. Additionally, the maximum leverage of 1:50 might not be sufficient for those looking for more aggressive trading opportunities. Moreover, the restriction on fund withdrawals to only cards or bank transfers could be limiting for some. In conclusion, OANDA is undeniably a strong choice, especially for English-speaking traders who prioritize regulatory credibility. While it offers various advantages, such as a wide range of instruments and competitive spreads, it's essential to consider the limitations, like the lack of bonuses and constrained withdrawal options, before making your final decision.

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