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OANDA

Founded 1996 · New York, United States

OANDA

Long-established, heavily regulated broker offering spread-only and core (commission) pricing across the US, UK, Australia, Canada, Singapore, and Japan, with no minimum deposit and a respected pricing API.

At a glance

$0Min. deposit
1:50Max. leverage
1 pipsSpreads from
3Platforms
7Regulators
5Instruments

Website status

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About OANDA

OANDA is a long-established broker founded in 1996 and headquartered in New York, United States. It is known for spread-only and Core (commission-based) pricing and a respected pricing API.

The broker is heavily regulated across multiple jurisdictions, holding authorisations from the UK's FCA, the US CFTC and NFA, Australia's ASIC, Canada's CIRO, the Monetary Authority of Singapore (MAS) and Japan's FSA. Retail leverage is capped at 1:30 under the FCA and ASIC, and up to 1:50 on major pairs in the US under CFTC/NFA rules, with caps varying by entity.

Markets are available on MetaTrader 4, the proprietary OANDA Trade platform and TradingView, with no minimum deposit. EUR/USD spreads on spread-only accounts typically start from around 1.0 pip, while Core pricing offers tighter raw spreads plus a commission. The product range covers forex, indices, commodities, metals and bonds.

With a FinPip rating of 4.5 out of 5, OANDA suits traders who prioritise strong multi-jurisdiction regulation and flexible pricing, though it offers no MetaTrader 5 and no single-stock or ETF trading in most regions.

The bottom line

Long-established, heavily regulated broker offering spread-only and core (commission) pricing across the US, UK, Australia, Canada, Singapore, and Japan, with no minimum deposit and a respected pricing API.

Regulation & Safety

  • FCA
  • CFTC
  • NFA
  • ASIC
  • CIRO
  • MAS
  • FSA (Japan)
Founded: 1996Headquarters: New York, United States

Key facts

Fees & Spreads

Min. deposit
$0
Spreads from
1 pips (EUR/USD)
Leverage
1:30 for retail clients under FCA/ASIC; up to 1:50 on major pairs in the US under CFTC/NFA rules; caps vary by regulated entity.

Spread notes: Spread-only accounts: EUR/USD typically from around 1.0-1.2 pips with no commission; Core pricing offers tighter raw spreads plus a per-lot commission. Varies by region and account type.

Platforms

Instruments
  • Forex
  • Indices
  • Commodities
  • Metals
  • Bonds

Pros

  • Regulated across the US, UK, Australia, Canada, Singapore, and Japan
  • No minimum deposit
  • MetaTrader 4 and TradingView integration plus a respected pricing/API

Cons

  • No MetaTrader 5
  • No single-stock or ETF trading in most regions

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