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OANDA

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7.4
(172 Reviews)

Founded: 1996 Min Deposit: 1 USD

Headquarters: Toronto, Canada Max Lev: 1 : 200

Risk Warning (1) 2026-03-05
Has been marked as a suspicious website by the HKSFC.
Score
Business Scope
7.4
Trading Cost
7.4
Trading Platforms
7.4
Support
7.4
Licence Status

operate with a few regulation licenses

ASIC 412981
FCA 542574
IIROC
Authorised
Authorised
Authorised
Contact
+44 02031512050
frontdesk@oanda.com
https://www.oanda.com/
Multilingual Support
Long-established
Leverage Limit
Hedging Not Allowed
Multi-regulation
Commodities Trading
Tight Spread
Deposit/withdrawal Problems
Nicole
Dec 22, 2022 United Kingdom
I like this platform very much because I can choose to display important news. I mean the news- is about to be released on the chart. I can adjust my position to a tight level.
Alex Verbitskiy
Dec 16, 2022 Canada
I think OANDA is one of the best and most trusted market makers around, and it is especially suitable for beginners to trade with OANDA because the broker has an user-friendly and flexible platform. Open-close and modify orders, SL and TP are indeed very simple and clear. The customer support is always very friendly and resourceful. Faithfully recommend!
Mikka Litmanen
Dec 12, 2022 Canada
I stayed in Oanda for about a year. Oanda's trading platform is often frozen. I lost the connection to my trading account during the transaction. Even though I can successfully access other websites and log in email, I have encountered connection problems.
Rayn M
Jan 04, 2023 Thailand
Opening an overseas account in OANDA can be painful, but overcoming these obstacles, you will know it's the best broker. Their platform is not such easy or as powerful as I want, but their response time is very short. In case of trouble, their chat room is always ready, fast and reliable. The spread is really good. In the end, I gave OANDA 4 stars just because they lack a programmable platform.
Robert Dowl
Jan 26, 2023 Portugal
My experience in trading with Oanda is very comfortable. There are many features on the website, and if you have a real account, you can access a huge database of historical prices. I use automated trading strategies and need to back-test the history, so I need high-quality data, which can be found on the website.
Daniel Richards
Jan 28, 2023 United States of America
I think Oanda is the best, top and greatest foreign exchange broker in the world. I think it's only suitable for serious traders. I have been trading with this broker for nearly 2 years and I have accumulated $2m. Highly recommend.
Broker News Account & Cost Deposit & Withdrawal Company & Service Related Complaints Overview Reviews

Broker News

OANDA to Transfer Prop Trading Business to FTMO by End-March Mar 03, 2026
The migration process began on March 2, 2026, and is scheduled to be finalized by March 31.
FTMO Completes OANDA Acquisition Deal Dec 02, 2025
Prop trading firm FTMO has closed its acquisition of OANDA ten months after reaching the agreement with CVC.
Fined $600,000 by NFA! OANDA Charged with Multiple Regulatory Violations May 30, 2025
FTMO-acquired OANDA faces multiple charges, including failure to collect the correct security deposits from customers for certain transactions.

Deposit and Withdrawal

7.4

Good

Minimum deposit and no deposit fee

Features

Low Minimum Deposit

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Company and Service

7.4

Good

Many branch offices in different countries

Features

Multilingual Support
Long-established
Profile
Headquarters Address
370 King Street West 2nd Floor Box 60 Toronto ON M5V 1J9
Founded 1996
Broker Type
MM/DD
Time Zone GMT+2
Credit Profile No information
Trading Platforms
MT4
Windows,  iOS,  Android
Contact
No Data
Others
FIFO
Website Language
Chinese,  English,  French,  German,  Italian,  Japanese,  Korean,  Portuguese,  Russian,  Spanish,  Vietnamese
Customer Service By
Phone,  Email,  Live Chat,  Facebook,  Twitter,  Instagram,  Youtube
Supported Language
Chinese,  English,  French,  German,  Italian,  Japanese,  Korean,  Portuguese,  Russian,  Spanish,  Vietnamese

Related Complaints

Q&A

Is OANDA available in Singapore?

Ron
Singapore
Feb 20, 2025
ANSWER Dear Investor, Thank you for reaching out to us. In Singapore, OANDA is operated by Oanda Asia Pacific Pte. Ltd., which is licensed by the Monetary Authority of Singapore (MAS). For more information, please visit their registered website at www.oanda.sg. If you require further details, we recommend contacting their customer service for comprehensive assistance.
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How to connect oanda to mt4

Ahmad Schlachter
Russia
Sep 12, 2023
ANSWER You can connect OANDA to MT4 by following these steps: first, open an OANDA account (live or demo); second, create your OANDA MT4 sub-account; third, get and install the MT4 platform from the website of OANDA. You can also learn from some video guides on YouTube that show you how to set up OANDA and MT4, or contact their customer support team for instructions. We hope this is helpful.
See more
Overview

OANDA: A Legacy of Innovation in Currency Data and Trading

Founded in 1997 by Dr. Michael Stumm (Computer Scientist) and Dr. Richard Olsen (Economist), OANDA was built on the visionary belief that technology would democratize access to currency markets and financial data.

Our Historical Journey

  • 1997: Launched as a provider of free currency exchange information over the internet.
  • 2018: Acquired by CVC Capital Partners, a private equity leader managing over USD 70 billion in assets.
  • 2019: Industry veteran Gavin Bambury appointed as CEO, bringing over 25 years of financial services expertise.
  • 2020: Expanded into Eastern Europe and the Baltics through the acquisition of the Polish broker Dom Maklerski TMS Brokers.
  • 2025: FTMO, the global leader in modern prop trading, completes the acquisition of OANDA, creating a unified global trading powerhouse.

Global Trading Infrastructure

OANDA provides a sophisticated trading environment across major global markets, including the US, UK, Canada, Japan, EMEA, APAC, and Australia.

  • Forex & CFDs: Specialized brokerage services tailored to regional regulatory standards.
  • Cryptocurrency: Digital asset trading in the US, offered in partnership with Paxos.
  • Advanced Technology: Our platform features high-tier execution, sophisticated charting powered by TradingView, and professional-grade drawing tools.

The Gold Standard in FX Data

OANDA remains a global leader in corporate FX solutions, trusted by thousands of companies worldwide for automated data delivery.

  • Exchange Rates API: Access to 200+ currencies and data from 25 central banks.
  • Data Types: Real-time (spot), tick-level, forward rates, and daily averages integrated directly into ERP and TMS systems.
  • Historical Currency Converter: Reliable access to 25 years of historical data across 38,000 currency pairs.

Quick Facts: OANDA Profile

Category Information
Founded 1997
Current Parent Company FTMO (Acquired 2025)
Key Products Forex, CFDs, Crypto, FX Data APIs
Technology Partners TradingView, Paxos

*Cryptocurrencies are offered through Paxos, a separate legal entity from OANDA. All trading involves risk.

Overall Score

7.4
172 Reviews

Cost 7.4

Platforms 7.4

Deposit & Withdrawal 7.4

Customer Support 7.4

Indicates the average level of Brokers

Keywords for selection
Trading Problems Hedging Spread Widen Advanced Trading Platform Low Spreads Reliable & Reputable Unstable Server Connection Terrible Deposit/Withdrawal Transfer Fees High Swap Fee Low Leverage Deposit/Withdrawal Problems Complicated Registration Process Dissatisfied Regulated & Licensed

172 Reviews Clear filter

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Audrey
0-6 months Personal Account Italy
Their swap fees are ridiculously high. It eats into profits way too fast.
Oct 30, 2025
Reply
Antoine Zhang
7-12 months Professional Account Gaithersburg
Trustable broker, fast and quality customer service
Oct 20, 2025
Reply
Michael Masserut
Over 3 years Personal Account Belize
I have been a customer with them for a few years and it's unfortunate this situation happened. I appreciate the security concern but now they are asking for more and more just so I can withdraw my funds. I am in a financial situation and although it may not seem like a lot of money to them, it would help me tremendously. They changed vendors and and their practices have changed ok fine. They asked to verify my address, I provided a bank statement. A bank statement associated with the SAME DEBIT CARD that they have happily taken my deposits from. However, they are refusing to withdraw my funds to the associated bank account because they stated my deposit was from a different account. They are both my account, why does it matter? You have no issue taking my funds but won't give them back? I am going to report this on every single site. I will return to trading, but not with them. Very disappointed.
Sep 02, 2025
Reply
Robert Piga
7-12 months United Kingdom
Really good customer service and reactive when you need a support.
Jun 06, 2025
Reply
Roberto
0-6 months United States of America
I'm brand new to this, and the help desk was great with my first emergency. informative and patient, great combo.
Apr 09, 2025
Reply
Myrna
Over 3 years Indonesia
unprofessional company, three years asked for all the documents needed and provided, asked me again locked my account and sent a bank statement still waiting even I lose money to avoid trade with this scam company
Jan 17, 2025
Reply
Ricardo Johnson
7-12 months United Kingdom
Good communication, A very responsive Broker who is easy to deal with.
Dec 27, 2024
Reply
NickForex
1-3 years Personal Account United States of America
I have been with Oanda for about 1 year. I like them very much, never had a problem with them. I can withdraw money anytime, and in any amount and the mt4 platform works very nice. It's regulated in the US so that's also peace of mind
Nov 01, 2024
Reply
Erick Castellanos
0-6 months Azerbaijan
I've been trading with OANDA for several months, and it's been a great experience. The platform is intuitive and offers a wide range of trading tools. The customer support team is always prompt and efficient in resolving any issues. I also appreciate the transparency in pricing and the educational resources available. OANDA is definitely a top choice for traders of all levels!
Sep 27, 2024
Reply
Ade
7-12 months Ethiopia
I like this platform very much because I can choose to display important news. I mean the news- is about to be released on the chart. I can adjust my position to a tight level.
Sep 24, 2024
Reply

1-10 of 172 comments

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Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.