OANDA Review 2026
OANDA is a pioneering forex broker with over 25 years of experience, known for its proprietary trading platform, comprehensive research tools, and transparent pricing with no minimum deposit. Trusted by traders worldwide, OANDA offers forex and CFD trading with advanced charting, API access, and industry-leading historical data.
Pros & Cons
Pros
- No minimum deposit or trade size
- Multiple top-tier regulations globally
- Proprietary platform with advanced tools
- Excellent historical forex data and research
- Strong API for algorithmic trading
Cons
- Spreads wider than ECN brokers
- Inactivity fee after 12 months dormancy
- Limited CFD product range compared to competitors
- No cTrader or MT5 platform support
- Premium pricing tier structure can be confusing
Fees & Commissions
| Fee Type | Cost |
|---|---|
| Forex | Spreads from 1.2 pips (markup included) |
| CFDs | Variable spreads |
| Inactivity Fee | $10/month (after 12 months) |
| Deposits | Free |
| Withdrawals | Free (bank wire may incur fees) |
Features
Platforms
Deposit & Withdrawal
Maximum Leverage
| Market | Max Leverage |
|---|---|
| Forex | 1:50 |
| Indices | 1:20 |
| Commodities | 1:20 |
Availability
OANDA is available in the following countries:
United States, Canada, United Kingdom, Australia, Singapore, Japan, Germany, France
Frequently Asked Questions
The minimum deposit to open an account with OANDA is $0 USD. This makes OANDA accessible to beginners and traders with smaller budgets.
Yes, OANDA is regulated by NFA, CFTC, FCA, ASIC, IIROC and MAS. Having multiple regulatory licenses provides additional security and trust for traders.
OANDA offers trading in forex, CFDs. Key features include api trading, demo account, mobile app.
OANDA supports web, desktop, ios and android platforms. The web platform allows you to trade from any browser without downloading software. Mobile apps are available for trading on the go.