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OANDA

Broker
Traders
287.2 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


ken_do_it

Spreads not great, when open position it jumps up 5-10 pips, stop loss triggered early and market order doesn’t execute clearly. Overall the customer service are helpful.

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

only1easton3800

I was trying to exit a trade while winning and it said my exit was unauthorized causing me to lose my winnings and more. I am very disappointed in the platform

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

david_moseley_rhs

I like OANDA better than every other broker I tried. Easy to used. Connects with trading view. 20/10. Only issue I had is app crashing if I use too big of a margin. Withdrawals take 1-3 businesses days so just be patient it’s coming (pause).

OANDABroker

Thanks for your kind words and great review.

Team OANDA

gage_woolridge

It’s good besides it taking forever to transfer money to my account

OANDABroker

Thanks for your feedback and review.

Team OANDA

sinilepisto

I have been waiting on my account verification for days now because it needs manual verification on Oanda’s behalf but they have yeT to reach me out so I can’t do anything with my account. 0/5

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

jewelbj2

I am new to OANDA but the first thing that truly impressed me is the day after I opened my account someone called me to welcome me and see if I had any questions and if there was anything they could help me with

OANDABroker

Thanks for your great review. We're so happy to hear about your trading experience.

Team OANDA

TheMoveGuy

Good broker, they have tons of experience. Very reputable company. Been trading with them since 2020. As I have been using them my experience has been increasing gotten better. The more I understand trading and what it takes to become a entrepreneur I realized how good they are.

OANDABroker

We're delighted you're having a great trading experience with OANDA. We're always working to provide the best for our clients.

Thanks again,
Team OANDA

TTClintFX

Really good I'm quite satisfied. Very reliable and fast with execution... spreads fluctuate but are OK. Customer service is excellent as well very responsive. Thank You.

OANDABroker

Thanks for your great review. We're so happy to hear about your trading experience.

Team OANDA

daedae216

great broker, but i wish that i started in profit not getting in the trade already being down because of the fee

riskybiscuittp

Getting filled On limit orders Is horrible it just goes right past me. The only thing it likes to pay attention to or accept or stop orders. I like that OANDA is easy to deposit your money in, but that’s it. I will be finding another 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

Mtimm2105

Good customer service and support.

OANDABroker

Thanks for your kind words and great review.

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
Additional details
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:
- Stop orders
- Limit orders
- Market orders
- Trailing stop
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.