Love Oanda been using them for over years great customer support platforms are great pricing is fair. They back their clients
Free TradingView plan
Join the Best Forex Broker in the Americas (TradingView Awards 2024) and we’ll give you a three month subscription to a TradingView plan. Minimum deposit and trading volume requirements must be met, limited time offer for new clients, terms and conditions apply. Limited to one per household.
Executes nice and quickly and haven't experienced that much slippage at all.
Can barely use any symbols on trading view.
Love the custom experience oanda provides, deposits and withdraws are quick and easy!
Forex spread are too high which makes scalp trading difficult, plus to withdraw funds takes over 3 days+ which is ridiculous!!
Not many stock options
The only downside to "the Oanda TMS brokers" is that I can't trade most of the normal markets, the indices that are available are generally laughable, but otherwise the broker is excellent
Usually good but wouldn't let me close a trade which resulted in me losing money
The platform is easy to use and very straightforward. They also offer the OANDA app, which allows you to trade conveniently. One feature I appreciate is that the app clearly shows the percentage fees you’ll be charged if you hold a trade overnight. This transparency makes it easier to manage and understand your costs.
The Oanda FX Trade platform is easy and my favorite platform. I always recommend Oanda. Only charge I would make is the spread at 4pm till 5pm which can get wide. I am sure other brokers do the same but that is my only complaint.
Can’t connect with broker through TradingView. Gets stuck on loading screen even though credentials are correct and have tried all of their troubleshooting methods.
Thanks for sharing your feedback. Please feel free to reach out to our support team at frontdesk@oanda.com or cxsupport@oanda.com if you’re an EU resident, so we can help you.
If you include your trade ID in the email, that would be great.
Team OANDA
Terms and fees
Tradable assets
Forex
Min deposit
0.00 USD
Max leverage
50:1
Deposit fee
No
Withdrawal fee
No
Inactivity fee
No
Forex: EUR/USD from 1.1 pip
- USD/JPY from 1 pips
- GBP/USD from 1.1 pip
- USD/JPY from 1 pips
- GBP/USD from 1.1 pip
About OANDA
Regulators
Website
Community
Phone
+1 877 626 3239
Address
17 State Street, Suite 300, New York, NY 10004
Fully regulated, OANDA offers competitive spreads on 70 forex pairs, including all the majors and minors.
Voted ""Most Popular Broker"" by TradingView three years in a row in 2022, 2021, and 2020, OANDA is the broker of choice for traders who want a smarter way to trade.
Established in 1996, OANDA has affiliates in the world’s most active financial markets, including New York, London, Singapore, Tokyo, Toronto, Sydney, and Warsaw.
Voted ""Most Popular Broker"" by TradingView three years in a row in 2022, 2021, and 2020, OANDA is the broker of choice for traders who want a smarter way to trade.
Established in 1996, OANDA has affiliates in the world’s most active financial markets, including New York, London, Singapore, Tokyo, Toronto, Sydney, and Warsaw.
Tools and features
Order types
Order features
Position features
Brackets
Other
Frequently Asked Questions
OANDA allows to trade forex pairs.
OANDA is regulated by the following organisations:
- CFTC (Commodity Futures Trading Commission)
- NFA (National Futures Association)
- CFTC (Commodity Futures Trading Commission)
- NFA (National Futures Association)
Yes, OANDA provides clients with a demo account to try out their strategies before actually starting to trade.
OANDA requires a minimum deposit of 0 USD.
Brokers usually require deposits to manage risk, cover trading costs, and comply with regulations. Deposits act as collateral for leveraged trades, ensuring brokers don’t face losses if a trade goes against a trader. They also help cover fees, prevent fraud, and ensure serious trading activity.
Brokers usually require deposits to manage risk, cover trading costs, and comply with regulations. Deposits act as collateral for leveraged trades, ensuring brokers don’t face losses if a trade goes against a trader. They also help cover fees, prevent fraud, and ensure serious trading activity.
No, OANDA doesn't offer Level 2 data to its clients.
Level 2 is a subscription-based service that offers real-time access to the exchange’s order book. It gives traders and investors a detailed view of market depth and momentum, helping them make more informed and strategic trading decisions.
Level 2 is a subscription-based service that offers real-time access to the exchange’s order book. It gives traders and investors a detailed view of market depth and momentum, helping them make more informed and strategic trading decisions.
No, there's no fee if there's no activity on your account.
Brokers impose inactivity fees to cover maintenance costs, comply with regulations, and encourage active trading. These fees help offset expenses for managing inactive accounts and prevent account abandonment.
Brokers impose inactivity fees to cover maintenance costs, comply with regulations, and encourage active trading. These fees help offset expenses for managing inactive accounts and prevent account abandonment.
No, OANDA doesn't impose any withdrawal fees on its clients.
OANDA allows leverage of up to 50:1.
Check the fees OANDA has to make the best choice. Forex: EUR/USD from 1.1 pip
- USD/JPY from 1 pips
- GBP/USD from 1.1 pip
No, OANDA doesn't have any deposit fee.
OANDA allows the following order types:
- Stop orders
- Market orders
- Trailing stop
- Limit orders
- Stop orders
- Market orders
- Trailing stop
- Limit orders
Yes, you can place bracket orders with OANDA.
Yes, OANDA requires 2.00% as a margin.
Brokers provide access to financial markets and execute trades. They act as intermediaries between traders and exchanges, providing the necessary infrastructure and tools to place buy and sell orders. They offer services such as order execution, market access, research, analysis, and customer support. Additionally, brokers facilitate the use of leverage, margin trading, and help ensure regulatory compliance, providing traders with a secure environment to trade effectively. Without brokers, individual traders would struggle to access markets and execute trades efficiently.
An order is an instruction for a broker to execute a trade - buy or sell an asset on behalf of a trader. Depending on your strategy, risk tolerance, and market condition, different kinds of orders can be more or less effective, let's see the basic ones.
- Market order. It's a basic type designed to buy or sell an asset immediately at the next price available
- Limit order. Specifies the maximum (for buying) or minimum (for selling) price at which a trader is willing to execute a trade. It's only executed if the price reaches the preset level. There are buy and sell limit orders - they're set to buy/sell an asset at or below/above a certain price
- Stop order. Triggered when an asset moves above or below a certain price level, always executed in the direction that the price is moving. There are stop-loss orders (automatically closes a position at a certain level if the market moves against you) and (initiates a trade when the price breaks a certain level)
- Market order. It's a basic type designed to buy or sell an asset immediately at the next price available
- Limit order. Specifies the maximum (for buying) or minimum (for selling) price at which a trader is willing to execute a trade. It's only executed if the price reaches the preset level. There are buy and sell limit orders - they're set to buy/sell an asset at or below/above a certain price
- Stop order. Triggered when an asset moves above or below a certain price level, always executed in the direction that the price is moving. There are stop-loss orders (automatically closes a position at a certain level if the market moves against you) and (initiates a trade when the price breaks a certain level)
Successful trading requires thorough preparation, ensuring every decision is well-informed and carefully considered. To develop a winning strategy, follow these key steps:
- Find the right asset using our screeners and heatmaps. Explore the stock market with the Stock Screener, track cryptocurrencies on the Crypto Coins Heatmap, and more tools to fin in the main menu
- Analyze price movements on our Supercharts. Utilize multiple drawing tools, built-in indicators, and advanced features to gain deeper market insights
- Stay on top of market changes with the Economic Calendar and the latest news, helping you quickly adapt to shifting conditions
- Test your strategy in a risk-free environment with a Paper Trading account to see how it performs before committing real capital
- Choose a broker and start your trading journey with confidence once you have a clear strategy in place
- Find the right asset using our screeners and heatmaps. Explore the stock market with the Stock Screener, track cryptocurrencies on the Crypto Coins Heatmap, and more tools to fin in the main menu
- Analyze price movements on our Supercharts. Utilize multiple drawing tools, built-in indicators, and advanced features to gain deeper market insights
- Stay on top of market changes with the Economic Calendar and the latest news, helping you quickly adapt to shifting conditions
- Test your strategy in a risk-free environment with a Paper Trading account to see how it performs before committing real capital
- Choose a broker and start your trading journey with confidence once you have a clear strategy in place
A broker's rating on TradingView is based on its clients' reviews. We ensure broker ratings reflect real user experiences by allowing reviews only from verified TradingView users with active linked accounts. Recent ratings carry more weight, providing up-to-date insights for informed decisions. This approach promotes transparency and prevents manipulation. Make sure to rate your broker to help it improve its service and assits other users in their choice.
Leverage is a mechanism that allows traders to open larger positions with a smaller amount of capital. It basically means borrowing funds from a broker, often multiplying your position size by 5x, 10x, or more. For example, with 5x leverage, a $100 deposit could open a $500 trade with your broker lending you $400 you don't have. It's a popular technique, but remember that while leverage increases potential profits, it also magnifies losses, which is why it's essential to learn how to manage risks.
It's always worth preparing for trades before actually executing them. On TradingView, you can do this with our Paper Trading functionality.
It's always worth preparing for trades before actually executing them. On TradingView, you can do this with our Paper Trading functionality.
Margin trading means an investor buying an asset by borrowing the balance from a broker. It allows traders to increase their buying power, enabling larger positions with less upfront capital. While it can provide greater market exposure with less capital and amplify potential gains, it also comes with increased risks:
- Increased risk of losses, including exceeding initial investment
- Interest costs on borrowed funds
- Potential for margin calls requiring additional deposits
Make sure to analyze an asset thoroughly and test your strategy on a Paper Trading account to ensure you're ready to navigate these risks.
- Increased risk of losses, including exceeding initial investment
- Interest costs on borrowed funds
- Potential for margin calls requiring additional deposits
Make sure to analyze an asset thoroughly and test your strategy on a Paper Trading account to ensure you're ready to navigate these risks.
Commissions in trading are fees that brokers charge for executing trades on behalf of traders. These costs help brokers maintain their platforms, provide essential services, and ensure smooth access to financial markets.
Understanding commission structures is essential for traders, as fees can impact overall profitability. Choosing a broker with competitive rates and transparent pricing ensures cost-effective trading.
Understanding commission structures is essential for traders, as fees can impact overall profitability. Choosing a broker with competitive rates and transparent pricing ensures cost-effective trading.