OANDA Review

★ 4.1/5

Trust Score: 90/100?

Highly trusted, long-established broker popular with US traders and known for strong research and flexible lot sizing.

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Spreads by Pair (Pips)

EUR/USD

1.1

GBP/USD

1.1

USD/JPY

XAU/USD

—

US OIL

—

BTC/USD

—

Trading Conditions

Min Deposit

Not verified

Max Leverage

Not stated

Avg Spread

From 0.6 pips

Commission

$0 (Standard) / $5 per $100k per side (Core)

Account Types Offered

Account	Platform	Spreads	Comm.	Min Dep	Leverage
Standard	OANDA Trade/MT4	From 1.1 pips	$0	$0	1:200
Core (Elite)	OANDA Trade/MT4	From 0.0 pips	$5 per $100k/side	$0	1:200

Broker Details

Minimum Trade Size

Proprietary (No standard MT lot)

Maximum Leverage

Not stated

Minimum to Open Live

Not verified

Established

—

Address

17 State Street, Suite 300, New York, NY 10004 (US HQ)

Contact

Regional Help Center

Regulators

CFTC/NFA (US), FCA (UK), ASIC (Australia), IIROC (Canada), MAS (Singapore)

Prohibited Countries

Determined by regulatory entity (196+ countries served)

Dealing Desk

❌ No

Web Trading

✅ Yes

Mobile Trading

✅ Yes

Trading Instruments

Currencies

70+ forex pairs

Cryptocurrencies

Crypto available via Paxos (US)

CFD

Forex (70+ pairs), indices, commodities, metals, bonds

Trading Conditions & Methods

EAs/Robots: YesNews Trading: YesScalping: YesCopy Trading: No

Deposit Methods

Bank Wire/SWIFT, ACH, Debit Card, BPAY, CHAPS, Neteller, Skrill, PayPal, SEPA

Withdrawal Methods

Same as deposit; wire < $10k incurs $20 fee

Pros & Cons

✅ PROS

+ Available to US clients
+ flexible non-standard lot sizes
+ strong research tools
+ long track record and high trust.

❌ CONS

− Spreads wider than ECN specialists
− leverage capped at 1:50 for US accounts
− fewer copy-trading features.

About OANDA

OANDA is one of the few brokers legally able to serve US retail forex traders through NFA/CFTC registration. It's known for flexible position sizing (no fixed lot sizes), fractional pip pricing, and strong charting/research tools via its proprietary platform.