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  • Award-winning platform
  • Innovative analytical tools


Account Minimum



Founded in 1996 Oanda, is an American forex broker. Oanda discloses financial reports and is regulated by top-tier financial authorities the Financial Conduct Authority (FCA) in the UK and US Retail Foreign Exchange Dealer (RFED) which are great signs for its safety.

  • Award-winning platform
  • Innovative analytical tools
  • Solutions for business
  • Fast deposit and withdrawal option
  • Low fees
  • Innovative tools
  • Customer service is average
  • Withdrawal fee is high
Main Features

Country of Regulation: USA, UK, Australia, Singapore, Canada, Japan

Trading Fees: Low

Inactivity Fees charged: Yes

Minimum Deposit: $0

Products: Forex, Commodities, Bonds CFDs, Index CFDs, Metals, Currencies, Indices



Oanda charges low forex fees, CFD fees, and non-trading fees. The Withdrawal fee is quite high for bank transfers.

A/C opening

The account opening process at Oanda is fully digital and requires no minimum deposit. Oanda offers only one type of trading account (in addition to a demo account) but you can open up to 19 sub-accounts.

The account can be opened through 4 steps online registration process through account verification may take a few days.

Deposit & withdrawal

The Deposit at Oanda is free and you can choose from 9 base currencies. It provides a lot of options for deposits and withdrawals.  

At Oanda Withdrawal is free in most cases but it is expensive for bank transfers. Withdrawal is free for PayPal and for the first debit card transaction each month. To withdraw the funds you have to visit the Oanda portal and check the various time estimates for different methods.

Trading Platform

The Oanda trading platform has 2 step login and the interface is user-friendly and clear. It is available in several languages and looks great. Oanda offers two trading platforms i.e Oanda’s own platform or MetaTrader 4  a third-party tool you can choose between two platforms. The trading platform customizability is good.


Oanda research has interactive charts and a wide range of research tools such as news, technical analysis, and API. It does not provide fundamental data.

Customer service

You can connect with the Oanda customer service through email, phone, and Live chat.


Contact Number

New York

1 212 858 7690

San Francisco

(1 877 626 3239) 

Toronto, CN

(1 877 626 3239) 

London, UK

020 3151 2050


65 6579 8288

Sydney, Australia

61 2 8046 6258

Tokyo, Japan

0120 923 213

Oanda offers webinars on the basics of trading and expert trading. It also has trading platform tutorials, educational videos, and even a demo account.

The broker is Considered safe as it is regulated  by top-tier financial authorities like the Financial Conduct Authority (FCA) in the UK and  US Retail Foreign Exchange Dealer (RFED)