OANDA in a nutshell
Tier-1 regulated
FCA, ASIC, MAS, NFA, CFTC, and FSC-BVI.
No minimum deposit
Open an account without a funded deposit.
Trading platforms
MT4, MT5, TradingView, OANDA Web, OANDA Mobile, fxTrade, and OANDA Trade
App-store ratings
iOS 4.6/5 · Android 3.2/5
OANDA is a broker regulated by FCA, ASIC, MAS, NFA, CFTC, and FSC-BVI (5 tier-1 licenses). Minimum deposit: $0 · Platforms: MT4, MT5, TradingView, OANDA Web, OANDA Mobile, fxTrade, and OANDA Trade · 6 asset classes supported.
OANDA is a broker regulated by FCA, ASIC, MAS, NFA, CFTC, and FSC-BVI (5 tier-1 licenses). Minimum deposit: $0 · Platforms: MT4, MT5, TradingView, OANDA Web, OANDA Mobile, fxTrade, and OANDA Trade · 6 asset classes supported.
Regulated by FCA, ASIC, MAS, NFA, CFTC, and FSC-BVI. Includes tier-1 oversight. Verified legal entities include OANDA Australia Pty Ltd, OANDA Europe Limited, and OANDA Global Markets Ltd. The group headquarters is recorded in US.
Platforms: MT4, MT5, TradingView, OANDA Web, OANDA Mobile, fxTrade, and OANDA Trade. Automated-trading supported. Documented capabilities include web trading, mobile access, Expert Advisors, and integrated charting. Covers forex, stocks, etfs, commodities, indices, and bonds. App-store ratings published — iOS 4.6/5, Android 3.2/5. The iOS listing shows 4.6/5. The Android listing shows 3.2/5 from 8,605 ratings.
Minimum deposit is $0, 1 account tier are disclosed, with EUR/USD spreads from 0.6 pips. Published tier conditions include Standard: EUR/USD 0.6 pips. Funding via Credit/Debit card, Visa, Mastercard, Bank transfer, BACS transfer, Bank wire (SWIFT), and SEPA transfer. Verified deposit methods: Credit/Debit card, Visa, Mastercard, Bank transfer, BACS transfer, Bank wire (SWIFT), and SEPA transfer. Verified withdrawal methods: Credit/Debit card, Bank transfer, and Bank wire. Demo accounts are offered for evaluation. Applicants need driver's licence, bank statement, passport, national id, proof of address, and utility bill. The published trading-account minimum starts at $0. A demo account is available.
Support via email.
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Is OANDA right for you?
Best for
- Forex-led traders comparing OANDA's own tools with MT4, MT5, and TradingView
- Prospective clients who want no stated minimum deposit and a demo account
- Users willing to verify the serving entity's products and leverage before signup
Avoid if
- You intend to use the stored 1:200 maximum as an EU figure; the record does not bind it to the EU
- You need one catalogue and protection regime to apply across all OANDA entities
- You require a complete support-language list in the public review
Evidence and transparency breakdown
Dimensions our methodology can assess from the evidence stored for this review.
- Regulator strength5.0 / 5 · Excellent
FCA, ASIC, MAS, NFA, CFTC, and FSC-BVI provide 5 tier-1 oversight relationships.
- Transparency4.5 / 5 · Excellent
19 structured fact records are tied to cited source evidence.
Leverage by region
Caps on retail and professional accounts vary by regulator.
| Region / Regulator | Retail max | Pro max | Restricted assets |
|---|---|---|---|
| Published maximum (jurisdiction not specified) | 1:200 | — | — |
Fees
Spreads, commissions, swaps and inactivity fees per account type.
| Account type | Min deposit | EURUSD spread |
|---|---|---|
| Standard | — | 0.6 pips |
Asset coverage
Tradable instruments per asset class.
Platform screenshots
A look at the OANDA trading interface.
Mobile app
App store ratings checked Aug 2026.
Account opening
Demo account
Available- Virtual balance
- —
- Duration
- —
- Can convert to live
- —
- Requires KYC
- —
Fees
4.4 /5Minimum deposit is $0, 1 account tier are disclosed, with EUR/USD spreads from 0.6 pips.
Pros
- No minimum deposit
- Published EUR/USD spreads (0.6 pips)
Safety
3.8 /5Regulated by FCA, ASIC, MAS, NFA, CFTC, and FSC-BVI. Includes tier-1 oversight.
Pros
- Regulated by 5 tier-1 authorities
- 3 legal entities documented
Cons
- Also operates under offshore jurisdictions
Deposit & withdrawal
4.4 /5Funding via Credit/Debit card, Visa, Mastercard, Bank transfer, BACS transfer, Bank wire (SWIFT), and SEPA transfer.
Pros
- 7 deposit methods supported
- 3 withdrawal methods supported
Account opening
4.4 /5Demo accounts are offered for evaluation.
Pros
- Demo account available
- Account can be opened without a funded deposit
Web platform
4.0 /5Platforms: MT4, MT5, TradingView, OANDA Web, OANDA Mobile, fxTrade, and OANDA Trade. Automated-trading supported.
Pros
- MetaTrader 4 supported
- MetaTrader 5 supported
- TradingView integration
- Expert Advisors / automated trading
- Browser-based web platform
- Mobile app
Product selection
3.7 /5Covers forex, stocks, etfs, commodities, indices, and bonds.
Pros
- Broad multi-asset coverage (6 categories)
Customer service
3.6 /5Support via email.
Pros
- Email support
Frequently asked questions
Is OANDA regulated?
OANDA is regulated by FCA, ASIC, MAS, NFA, CFTC, and FSC-BVI. This includes 5 tier-1 authorities.What is the minimum deposit at OANDA?
OANDA has no minimum deposit — accounts can be opened without funding.What trading platforms does OANDA support?
OANDA supports MT4, MT5, TradingView, OANDA Web, OANDA Mobile, fxTrade, and OANDA Trade.Does OANDA offer a demo account?
Yes — OANDA provides demo accounts for traders to evaluate the platform before funding a live account.
Top alternatives
Other brokers our community rates highly — handy if OANDA isn't the right fit.
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