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OANDA

Broker
Traders
282.5 K
Trade
Overview
Reviews Publications
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.
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Reviews


bea10s

Doesn't always execute on time, causing losses.

OANDABroker

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

jabtab

Hard to use not beginner friendly but I will get it down. Trying to open a live account but it just keeps me doing demos. Overall Good app not for beginners but once you get it down it becomes very easy to use.

OANDABroker

Thanks for your feedback and review.

Team OANDA

ellisollier1

I find OANDA really nice and easy to use as a beginner trader and the Essential Plan promotion is a nice bonus

OANDABroker

Thanks for your positive review.

Team OANDA

Cree_Meister

Does what you need though their interface looks old in their app and website

OANDABroker

Thanks for your kind words and great review.

Team OANDA

Brayden_Prokop

Spreads are still slightly too high or taking commission after trade would be better as Take Profits and Stop Losses are messed up, stop losses trigger without ever being hit and take profits never take when hit.

OANDABroker

Thanks for sharing your feedback and leaving us a review. 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

snk27

constantly get disconnected when i am logged in through tradingview, 4-5 times a day minimum

OANDABroker

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

brianpoper

Ease of use. Integration with TradingViewer is great!

OANDABroker

We’re really happy to hear about your 5* experience with OANDA.

Thanks for your review,
Team OANDA

PeakTime

Fees are horrendous. Paying almost $150 week in finance charges are criminal. i DO NOT recommend this broker to my worst enemy. The manipulate pair and can't show the order book of the pair or the position distribution. Shop around for a better broker.

OANDABroker

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

Kolor-Blind

Been with Oanda since 2023, before they were bought and became American based. I would call at 1, 2, 3, 4am my time (Los Angeles)and get a live person immediately. There may have been a small language barrier and a crying child in the background, but it was a live person who helped me navigate not only the Oanda platform, but helped me understand that TV trades a Mid Level instead of High or Low, thus causing a trade to be stopped out. While TV is great, trading directly from the Oanda platform is much easier in my opinion. With any broker there's always a learning curve. In my personal opinion it's best to learn your broker and trade directly from them, most have the same chart features if not more. Since Oanda has become American based, I can say that getting a human is much missed. I've had no problems with trades. I've needed customer service a couple of times and the email or chat sufficed. I'm team Oanda when it comes to Forex

OANDABroker

Thanks for the positive review.

Team OANDA

binner_mgmt

Honestly after seeing there replies here, I feel they are not transparent and telling everyone to reach out via email. I am trying to setup my bank account with them its close to a week, in that regards they are super slow. I submitted my documents 2 times. And there spreads are insanely high when compared with FTMO--spread is between 1-5 and directly it is 15 at least.

OANDABroker

Hi,

Please email us, as we can’t discuss your account in public.

Our support team is frontdesk@oanda.com or cxsupport@oanda.com if you’re an EU resident, and we'll be happy to help you.

Thanks,
Team OANDA

RobertC4709

Don't communicate. Took me 6 weeks to get permission to fund my account. Presently have asked to switch to commission instead of spread charges. Over a week and still waiting for a response. Again.

OANDABroker

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

About OANDA


Regulators
CFTC
+1
Website
oanda.com
Community
OANDA
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.

Tools and features


Order types
Market orders
Orders to buy or sell at the current market price. Executed instantly.
Limit orders
Orders to buy or sell at a specified price or better. Executed only when the specified price is reached.
Stop orders
Orders that activates when the price reaches a certain level, after which it is executed as a market order.
Stop limit orders
A combination of a stop order and a limit order. Activates when the stop price is reached but is executed only at the specified limit price.
Order features
Order history
Access to a list of previously placed orders with details of their execution.
Execution history on the chart
Display of executed orders directly on the chart for convenient analysis.
Position features
Partial position close
The ability to close only a portion of an open position, rather than the entire position.
Reverse position
Quickly closes the current position and opens an opposing position (e.g., from long to short).
Brackets
Order brackets
The ability to attach take-profit and stop-loss orders to an order.
Order brackets modification
The ability to modify take-profit and stop-loss levels after placing an order.
Add brackets to existing order
The ability to add take-profit and stop-loss brackets to existing order.
Position brackets
Take profit and stop loss brackets support for the position.
Position brackets modification
Modifying take-profit and stop-loss levels for an open position.
Add brackets to existing position
Adding take-profit and stop-loss levels to an already open position.
Trailing stop
A dynamic stop loss that automatically follows the price of an asset by a set distance. It is used to limit possible losses and manage risks.
Other
Demo account
A virtual account for practicing trading without the risk of losing real funds.
Level 2 data
Market depth (order book), showing buy and sell orders with volume details.
AD-free trading on chart for basic plan
A clean chart without distracting ads for convenient analysis.

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)
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.
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.
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.
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:
- Trailing stop
- Limit orders
- Stop orders
- Market 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)
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 find 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.
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.
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.