OANDA
★ 4.8
Founded: 1996
Key Features
Min. Deposit: $0
Spread from: 0.6 pips
Leverage: 1:100
Support: 24/7
Platforms:
MT4, fxTrade
Regulation:
FCA, CySEC, ASIC, MAS
OANDA is one of the oldest and most respected names in retail forex trading. Founded in 1996, they’ve been at the forefront of online currency trading innovation and continue to serve traders worldwide.
Trading Conditions
OANDA offers transparent pricing with no minimum deposit requirement. While their spreads might not be the lowest in the industry, they compensate with excellent execution quality and regulatory protection.
Trading Platforms
The broker offers two main platforms:
- OANDA fxTrade (Proprietary platform)
- MetaTrader 4
Research and Analysis
OANDA provides comprehensive market analysis tools:
- MarketPulse blog
- Economic calendar
- Technical analysis tools
- Historical position ratios
Trading Instruments
Forex
Indices
Commodities
Bonds
Metals
Advantages
- • No minimum deposit
- • Regulated in major jurisdictions
- • Excellent educational resources
- • Accepts US clients
Limitations
- • Higher spreads than some competitors
- • Limited platform options
- • Lower maximum leverage
Related Brokers
Canadian Forex Brokers
XM
Pepperstone
Last updated: January 5, 2025