Leverage: 1:50
Min. Deposit: No minimum deposit
Platforms: MT4, fxTrade Mobile, TradingView
Regulation: NFA,CFTF
HQ: US
Found in: 1997
OANDA US Licenses:
- OANDA Corporation – authorized by the CFTC (USA) and is a member of the NFA (USA) registration No: 0325821
Our Review Method:
- 55Brokers Financial Experts with over 10 years of experience in Forex Trading check all trading offerings, fees, and platforms, verified regulations, contacted customer service, and placed traders to see trading conditions and give expert opinions about OANDA.
What is OANDA US?
Oanda is an international Forex Broker with global presence, while OANDA US is entity based and regulated in US offering treading services for US residents. OANDA Group was founded back in 1997 in the State of Delaware, US as a technology-driven financial services corporation, being the first company to share exchange rate information on the Internet, completely free of charge. The company has come a long way, today being one of the leading financial firms, providing a wide range of services to United States residents.
What Type of Broker is OANDA?
We found that OANDA is a market maker and highly regulated broker providing access to more than 50 technical tools, including 32 overlay indicators, 11 drawing tools, and 9 chart types. The broker offers over 70 Forex pairs and popular cryptos like Bitcoin and Ethereum
OANDA Pros and Cons
One of the advantages of OANDA is its reliability, as the broker is overseen by a top-tier regulator. Besides, OANDA offerings are quite favorable both for experienced and beginner traders. OANDA has a wide range of tools and offerings, thus being a good choice for traders with different expectations. Also, having no minimum deposit, the existence of a demo account, and a selection of platforms make the broker a good choice.
For the Cons, CFDs are not available to residents in the United States.
Advantages
Disadvantages
- Heavily regulated broker with a strong establishment
- Wide range of trading platforms and competitive trading conditions
- Great trading tools and trading technology
- Good quality educational materials, and excellent research
- Quality customer support with live chat and fast response
- CFD trading not available in the US
Fusion Markets Review Summary in 10 Points
| Headquarters | USA |
| Regulation | National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC) |
| Platforms | MT4 desktop, web and mobile, fxTrade Mobile, TradingView |
| Instruments | Forex, Indices, Cryptocurrencies, Commodities |
| EUR/USD Spread | 1.2 pips |
| Demo Account | Included |
| Minimum Deposit | No minimum requirement |
| Base Currencies | EUR, USD, GBP, AUD, CAD, CHF, HKD, JPY, SGD |
| Education | Education materials by the level |
| Customer Support | 24/5 |
Overall OANDA Ranking
Based on our research, OANDA is a reliable and trustworthy broker. It has been constantly enhancing its services and broadening its offerings, also paying attention to its reliability factor.
Due to its transparent activities, the broker has been able to cooperate and establish partnerships with well-known brands and organizations, including Google, TESLA, Airbnb, FedEx, and many other world-known names.
- OANDA Overall Ranking is 9.5 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.
| Ranking | OANDA | Pepperstone | XM |
|---|---|---|---|
| Our Ranking |  | | |
| Advantages | Trading Conditions | Platforms | Low Deposit |
OANDA Alternative Brokers
We learned that OANDA offers good trading conditions, low trading spreads, and fees. However, there are a number of other brokers that offer similar services. Here are some of the best alternatives to OANDA:
- Interactive Broker – Best Broker for Real Futures Trading
- Forex.com – Competitive Trading Conditions
- RobinHood – Good for Stocks Trading
Awards
The reliability and excellence of OANDA are also proved by a large number of awards it has acquired during its history. OANDA has won different awards in different nominations, but one of the most convincing of those awards is the one voted by the customers directly, making it one of the best customer service brokers in the industry.
Is OANDA Safe or Scam?
Based on our Expert research, OANDA is a heavily regulated company that is potentially safe to trade with. The broker’s every step and action is strictly overseen and complies with the operational guidelines. OANDA holds licenses from world-recognized top-tier authorities and is established according to the United States CFTC and NFA regulations with additional regulation from FCA, ASIC, and more.
