OANDA Review
Highly trusted, long-established broker popular with US traders and known for strong research and flexible lot sizing.
Visit OANDA →Spreads by Pair (Pips)
EUR/USD
1.1
GBP/USD
1.1
USD/JPY
1
XAU/USD
—
US OIL
—
BTC/USD
—
Trading Conditions
Min Deposit
$0
Max Leverage
1:200 / 1:50 (US) / 1:30 (EU/UK)
Avg Spread
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
1:200 / 1:50 (US) / 1:30 (EU/UK)
Minimum to Open Live
$0
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
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
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