OANDA

Rating: 3 / 5
OANDA Website Screenshot

Broker Details

Headquarters
British Virgin Islands
Established
1996
Min Deposit
$0
Execution
ECN/STP, Matched Principal Broker
Regulators
ASIC, BVIFSC, CFTC, CIRO, FCA, FSA, MAS, MFSA

Trading Conditions

Retail Loss Rate
78.3%
Min Raw Spreads
0.0 pips
Min Standard Spreads
0.6 pips
Min Forex Commission
$5.00 per round lot
Trading Hours
Currency PairsSunday 23:03 - Saturday 00:58
CryptocurrenciesSunday 00:00 - Saturday 24:00
CommoditiesMonday 00:03 - Saturday 00:58
Crude OilMonday 02:00 - Saturday 00:00
GoldMonday 00:03 - Saturday 00:58
MetalsMonday 00:00 - Friday 23:00
Equity IndicesMonday 00:00 - Friday 23:00

Accounts & Funding

Funding Methods
3-5 (dependent on geographic location)
Deposit Fees
No
Withdrawal Fee
Yes

Trading Costs & Spreads

EUR/USD
0.9 pips
GBP/USD
1.3 pips
Gold
$0.30
Bitcoin
$62
WTI Crude
$0.03
Inactivity Fee
$10 monhtly after 12 months

Platform & Features

Trading Platforms
MetaTrader 4, MetaTrader 5, Proprietary platform, Trading View
Regulators Detailed
Investment Industry Regulatory Organization of Canada (IIROC)
Country: Canada
License: Undisclosed
US Securities and Exchange Commission (SEC)
Country: US
License: NFA 0325821
Financial Conduct Authority (FCA)
Country: UK
License: 542574
Malta Financial Services Authority (MFSA)
Country: Malta
License: C95813
Australian Securities and Investments Commission (ASIC)
Country: Australia
License: 412981
Japan Securities Dealers Association (JSDA)
Country: Japan
License: 2137
Monetary Authority of Singapore (MAS)
Country: Singapore
License: CMS100122-4
Financial Services Commission (FSC)
Country: The British Virgin Islands
License: SIBA/L/20/1130

Pros

  • Excellent 28-tool MT4 upgrade package and outstanding trading tools
  • Trustworthy broker with more than 25 years of experience
  • Competitive pricing environment
  • Quality market commentary on the OANDA blog MarketPulse

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