Which company this review covers
This review covers:OANDA Europe LimitedFCA (UK)
This page lists the regulators named for the whole group. Depending on where you live, you may be served by another group company, with a different regulator, products, account terms and client protections. Check which company you would contract with before opening an account.
Other companies in the group
- OANDA Australia Pty LtdASIC (Australia)
- OANDA Global Markets LtdFSC-BVI
OANDA in a nutshell
Group regulators
FCA (UK), ASIC (Australia), MAS (Singapore), CFTC and NFA (USA), FSC (BVI), CIRO (Canada), FSA (Japan) and KNF (Poland).
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 3.8/5 (stored snapshots)
OANDA is a broker regulated by the FCA (UK), ASIC (Australia), MAS (Singapore), the CFTC and NFA (USA), the FSC (BVI), CIRO (Canada), the FSA (Japan) and the KNF (Poland), with the regulator depending on your country. Minimum deposit: $0 · Platforms: MT4, MT5, TradingView, OANDA Web, OANDA Mobile, fxTrade, and OANDA Trade · 6 asset classes supported.
OANDA group companies are regulated by the FCA (UK), ASIC (Australia), MAS (Singapore), the CFTC and NFA (USA), the FSC (BVI), CIRO (Canada), the FSA (Japan) and the KNF (Poland); which company serves you depends on your country. Group companies include OANDA Australia Pty Ltd, OANDA Europe Limited and OANDA Global Markets Ltd, and the group is headquartered in New York, United States.
Platforms: MT4, MT5, TradingView, OANDA Web, OANDA Mobile, fxTrade, and OANDA Trade. Automated trading is supported, and features include web trading, mobile apps, Expert Advisors and built-in charting. Markets cover forex and CFDs on shares, ETFs, commodities, indices and bonds. The iOS app is rated 4.6/5 and the Android app 3.2/5 from 8,605 ratings.
Minimum deposit is $0. Account and pricing options vary by OANDA entity, and EUR/USD spreads start from 0.6 pips. Deposits can be made by Visa or Mastercard credit/debit card or by bank transfer, including BACS, SWIFT wire and SEPA. Withdrawals go back to a card, up to the amount deposited with it, or by bank transfer or wire. Demo accounts are offered for evaluation. Applicants need driver's licence, bank statement, passport, national id, proof of address, and utility bill.
Support via email.
Have you traded with OANDA?
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What other platforms say about OANDA
Reviews aggregated from 2 independent sources.Backed by 11,299 source-reported ratings.
- 2.6k reviewsRead on apps.apple.comCollected: 2026-08-30
- 8.7k reviewsRead on play.google.comCollected: 2026-08-30
External sources are weighted by their reported sample count, capped at 5,000 per source. Collection dates may differ;methodology →
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 expect the same leverage everywhere; UK and EU retail clients are limited to 1:30 on major FX, while other OANDA entities set different limits
- You need one catalogue and protection regime to apply across all OANDA entities
- You need support in a language other than English, Spanish, French, German, Polish or Mandarin
Evidence and transparency breakdown
Dimensions our methodology can assess from the evidence stored for this review.
- Regulator strength5.0/ 5 · Excellent
OANDA group companies are overseen by the FCA (UK), ASIC (Australia), MAS (Singapore), the CFTC and NFA (USA), the FSC (BVI), CIRO (Canada), the FSA (Japan) and the KNF (Poland).
- Transparency4.5/ 5 · Excellent
Fees, platforms and payment methods are set out on OANDA's website.
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 | — | — |
Account fees
Costs per account type.
| Account type | Min deposit | EURUSD spread |
|---|---|---|
| Published pricing | — | 0.6 pips |
Asset coverage
Tradable instruments per asset class.
Platform screenshots
A look at the OANDA trading interface.
Mobile app
These stored app ratings also contribute to the external score above. Collected: Aug 2026. They are snapshots, not live store ratings.
Archived App Store screenshot
Historical capture; the storefront, review count and rating may differ from the collected snapshot above.
App Store listingArchived Google Play screenshot
Historical capture; the storefront, review count and rating may differ from the collected snapshot above.
Google Play listingAccount opening
Demo account
AvailableDeposit methods
Funding options, minimums, fees, and processing times.
- Credit/Debit card
- Visa
- Mastercard
- Bank transfer
- BACS transfer
- Bank wire (SWIFT)
- SEPA transfer
OANDA withdrawals: timing, fees and rules
Withdrawal methods
How and when you can take money back out.
- Credit/Debit card
- Bank transfer
- Bank wire
Customer support
Fees
4.4 /5Minimum deposit is $0. Account and pricing options vary by OANDA entity, and EUR/USD spreads start from 0.6 pips.
Pros
- No minimum deposit
- Published EUR/USD spreads (0.6 pips)
Regulation & protection
3.8 /5OANDA group companies are regulated by the FCA (UK), ASIC (Australia), MAS (Singapore), the CFTC and NFA (USA), the FSC (BVI), CIRO (Canada), the FSA (Japan) and the KNF (Poland).
Pros
- Licensed in the UK, EU, US, Canada, Asia-Pacific and the BVI
- A separately regulated OANDA company serves each main region
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?
Yes. OANDA group companies are regulated by the FCA (UK), ASIC (Australia), MAS (Singapore), the CFTC and NFA (USA), the FSC (BVI), CIRO (Canada), the FSA (Japan) and the KNF (Poland). Which OANDA company serves you depends on your country.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 reviewed services to compare if OANDA isn't the right fit.
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