OANDA US Review 2025 Forex Broker Fees, Pros, Cons

OANDA is a globally trusted online trading platform that offers forex, commodities, indices, metals, and other CFD products. With over 25 years of experience, OANDA is committed to providing powerful platforms, advanced trading tools, and transparent pricing to traders worldwide. The platform supports easy deposits and withdrawals, with a wide range of payment methods, including credit/debit cards, bank transfers, Skrill, and Neteller. OANDA also offers alternative payment methods in specific regions like Southeast Asia, Latin America, and Africa.

Here are some of the key features you can expect to find while you are trading at Oanda. This includes major indices from the US, Australia, China, Singapore, Hong Kong, and around the EU with an excellent starting spread from 0.9 pips. With Oanda you can trade both CFDs and Options on different asset classes.

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Oanda offers a welcome bonus of up to $5,000 depending on a customer’s initial deposit. If a client deposits a minimum of $1,000 then the bonus will be of $500. On the other hand, if you’re feeling lucky and you’re able to, a $50,000 deposit will get you the incredible amount of $5,000 as a bonus.

Oanda Trade Platform

Its extensive range of deposit and withdrawal options, including local payment methods in certain regions, makes it accessible for global traders. With transparent pricing, powerful trading platforms, and educational resources, OANDA is an excellent choice for both beginners and experienced traders alike. OANDA stands out as a top choice for both novice and experienced traders by offering advanced tools, competitive spreads, and strong account support.

Trading resources and education (10/

• Through in-depth price research and accurate forecasting, teams who use MetaTrader 5 can anticipate the moves of the market in the future.
• In areas where they do offer CFDs, you can trade CFDs covering indices, commodities, bonds, and metals in addition to forex.
• These benefits include a reduced spread by a maximum of 0.3pips, a reduced forex commision by a maximum of $15, access to more trading tools, your own VPS, a personal relationship manager, and more.
• But as one of the most popular trading platforms in the world and the only one offered by many forex brokers, I have spent a lot of time testing it.
• During this period, the company has managed to build a solid brand and amass a user base of tens of thousands of people, even winning the Most Popular Broker award at the 2022 TradingView Broker Awards.

Each year, we collect thousands of data points and publish tens of thousands of words of research. All information contained herein is based on ForexBrokers.com’s independent review of this broker’s various global brand entities. In all, it’s a very robust offering and an area where OANDA ranks above the industry standard, but if there is one criticism, it is that the material is scattered across OANDA’s website and trading platforms. Traders should expect a learning curve as they try to find everything. OANDA advertises that it offers a trading analysis application powered by Chasing Returns, which analyzes the client’s trading history. Basic real-time information about client activity, such as transaction activity and profit/loss breakdown, is available on the platform.

OANDA provides forex and CFD traders everything they need to successfully navigate the markets, with multiple daily articles, as well as podcasts and research tools. One minor annoyance is that many of the research resources from the desktop and web platform open in a new browser, rather than being directly integrated within the platform. OANDA also provides fewer video updates than the leaders in this category, such as Saxo and IG. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry.

Oanda uses TradingView to provide their impressive charting capabilities, which includes 11 chart types and almost 70 technical indicators, plus comparison and drawing tools. You can also add Oanda’s own Technical Analysis tool to your platforms, which allows you to set up pattern alerts, provides volatility analysis, and identifies trading opportunities. If that’s somehow not enough, Oanda has also partnered with MotiveWave to give you even more charting options.

Two Types of Trading Accounts

Those who don’t qualify for an Elite tier will be using OANDA’s standard account, which has no minimum. This account offers the same trading features, but lacks additional benefits such as a relationship manager and free wire transfers. OANDA Europe Limited offers ESMA-mandated negative balance protection, while OANDA Asia Pacific Pte. U.S. clients are the exception because OANDA Corporation does not offer their accounts any such protections. OANDA is a global online forex broker, who offers trading in various financial instruments including currencies, indices, commodities and bonds.

Alternately, traders who have accounts that solely allow spread trading may benefit from the smaller spreads. The suitable spread, in addition to any other fees spent by traders, becomes the basis for the calculation of trading expenses. This is especially relevant for Namibian traders who are trading assets such as the EUR/USD currency pair. There are no deposit fees at OANDA, no matter the deposit method, and there are no fees for credit or debit card withdrawals. Withdrawals by bank wire transfer do require a fee ($20 per transaction). Moreover, the user may be charged an additional amount by their payment processor.

How to Withdraw Funds

OANDA Corporation is a registered Futures Commission Merchant and Retail Foreign Exchange Dealer with the Commodity Futures Trading Commission (CFTC) and a National Futures Association (NFA) member. We conducted our tests using a Standard Account via the OANDA Web platform. The only drawback is that you won’t find all of OANDA’s educational materials in one place. They’re fragmented and scattered all over the platform, so you’ll have to look for what you need.

My Key Takeaways after Testing TradingView

• All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.
• However, it’s important to check the account funding requirements when you register, as these may vary depending on the type of account you choose.
• The web-based trading platform known as MetaTrader 5 was developed to assist Forex and stock traders in automating their trading activities via the use of trading robots, signals, and fundamental research.
• ➡️ In addition, OANDA Japan, Inc. is regulated and authorized by the Japanese Financial Services Authority (JFSA) under FIBO number 2137.
• OANDA Corporation holds client funds in the same bank account as operating funds because US regulations do not permit forex accounts to have segregated account status.

I’ve found Oanda’s mobile charting to be the simplest and easiest of any broker I’ve tried. Click the pen in the bottom right of the chart, and you have 10 charting options, 17 indicators, 16 overlays, and 11 drawing options instantly at your disposal. Your charts can be as simple or as complicated as you need them to be in order to execute your chosen trade strategy. When testing and rating forex brokers, I use the following 10 criteria.

The same goes for withdrawals done by credit or debit (Visa or Mastercard) card. Withdrawals by bank wire transfer, however, do require a fee ($20 per transaction). OANDA’s Currency Converter is a tool oanda review that lets users check the latest average bid/ask rates for foreign exchange and convert various major world currencies.

Its decades of experience in the forex market are reflected in the high-quality analysis of MarketPulse writers. Traders can rely on fast updates on major news events and economic releases from the Dow Jones news feed. To qualify for the Elite Trader Account, OANDA clients must fill out an application form and meet a minimum trade volume requirement of US$10M each calendar month. Standard Account holders must pay withdrawal fees, but clients using the Elite Trader Account get unlimited free wire transfers. The US division of OANDA (OANDA Corporation) is a market maker broker.

OANDA Corporation would pay all debts to creditors before any unsecured claims in the event of liquidation. OANDA’s MarketPulse has a selection of articles in various categories, including trading strategies and technical analysis. The platform has a responsive design that allows for easy zooming in and out of charts. This makes it easy for you to take a closer look at specific data points or get a broader view of market trends.

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