OANDA US Broker Review 2025

OANDA US offers trading services for over 68 major, minor, and exotic currency pairs and 8 cryptocurrencies in MetaTrader 4, TradingView, and the OANDA platform.

OANDA US Standard and Elite accounts have 2.0 pips average spreads with trading commissions from $0.01.

OANDA US Company and Regulatory information

OANDA US was founded in 1996 in New York. Over the years, this award-winning global company has expanded its reach, opening offices in key financial hubs like London, Singapore, and Australia.

OANDA's commitment to transparency and client protection is evident in its robust regulatory framework. The company is overseen by several prestigious financial authorities worldwide, including:

• National Futures Association (NFA)
• Commodity Futures Trading Commission (CFTC)
• Financial Conduct Authority (FCA)
• Malta Financial Services Authority (MFSA)
• Monetary Authority of Singapore (MAS)
• Australian Securities and Investments Commission (ASIC)
• Financial Futures Association of Japan (FFAJ)
• British Virgin Islands Financial Services Commission (BVI FSC)

This extensive regulatory oversight ensures that OANDA operates with integrity and safeguards client funds and interests.

OANDA US Broker Summary of Specifications

To fully understand OANDA US broker position among other Forex brokerages, Let’s review its key specifications:

OANDA US Account Types Review

OANDA US offers two primary account types to cater to different trading needs and volumes:

The Elite Trader program is designed for high-volume traders and offers additional benefits based on trading volume.

OANDA US Benefits and Drawbacks

Let's take a balanced look at the pros and cons of trading with OANDA US:

OANDA US Sign Up & Verification Process Guide

Getting started with OANDA US is a straightforward process. Here's a step-by-step guide:

1. Enter the OANDA US website and click on “Start Trading;”
2. Enter your personal details

3. Choose your citizenship, add your ID number, and add tax information
4. Enter your residential address
5. Fill in the information about your employment
6. Upload your proof of ID and proof of address documents

OANDA US Available Trading Platforms

OANDA US provides a suite of powerful trading platforms to suit different trading styles and preferences.

OANDA Trade Web Platform

OANDA's primary trading platform is OANDA Web, which offers an all-in-one package for traders. Key features of this platform include:

• Fully customizable web-based trading platform
• Advanced charting and analysis tools
• Real-time market data and news

OANDA Mobile

OANDA mobile is designed for traders who prefer trading on the go. Main features of OANDA mobile:

• Available for iOS and Android devices
• Seamless trading where every you go
• Access to full account functionality

Links:

• Android
• iOS

MetaTrader 4 (MT4)

MT4 is the most well-known trading platform used by traders worldwide. Key features of this trading platform:

• Popular third-party platform
• Advanced technical analysis tools
• Customizable indicators and expert advisors

Links:

• Android
• iOS
• Windows
• Mac

TradingView

TradingView is a modern trading platform with a variety of different features, including:

• Integrated third-party platform
• Powerful charting capabilities
• Social trading features

Additionally, OANDA offers APIs and tools for partners to identify trading opportunities, enhancing the overall trading experience.

OANDA US Broker Trading costs (Spreads and Commissions)

OANDA US offers flexible pricing options to cater to different trading styles:

Spread-Only Pricing

• Pay only the bid-ask spread
• No additional commissions
• Suitable for traders who prefer simplicity

Commission Plus Core Spread

• Lower spread
• Additional commission per trade
• Ideal for high-volume traders

Compared to other brokers, OANDA has higher fees, which could significantly impact traders’ profitability. OANDA also charges a $14 inactivity fee, which is a major downside for semi-active traders.

OANDA US Broker Deposits & Withdrawals

OANDA US provides several convenient options for deposits and withdrawals:

• Credit/Debit Cards
• ACH Bank Transfers
• Wire Transfers
• Bpay

It’s worth mentioning that OANDA only offers bank wire and Credit/Debit card withdrawals, and the withdrawal process is slow. In order to withdrawal funds from OANDA US follow these steps: 

1. Choose the account you want to withdraw from;
2. Click on "Withdrawal" and choose your preferred withdrawal method;
3. Enter the neccessary information and the withdrawal amount;
4. The amount will be deducted from your account balance.

Copy Trading & Investment Options Offered on OANDA US

OANDA doesn't offer a dedicated copy trading feature, which could be a drawback, especially for beginner traders who want to use the knowledge and skills of experienced traders. If you insist on using copy trading, we suggest checking out AvaTrade and Pepperstone offerings.

OANDA US Tradable Markets Overview

OANDA US offers limited tradable markets:

• Forex: Over 68 major and minor currency pairs
• Cryptocurrencies: Spot trading of 8 popular cryptocurrencies through Paxos partnership

This is a major downside for traders who only buy and sell indices, gold, or other instruments.

OANDA US Broker Bonuses

Unfortunately, OANDA US doesn’t offer bonuses. The welcome and referral bonus is only available for traders outside the CFTC regulation.

Traders outside this zone can receive a $888 welcome bonus by depositing at least $10,000 and meeting the trading requirement for 30 days. OANDA also has a referral program that allows traders to gain commissions for bringing new traders to the platform.

OANDA US Support Channels

OANDA US provides comprehensive customer support through various channels:

• Email: frontdesk@oanda.com
• Phone: +1 212 858 7690 (Sunday 4 p.m. ET to Friday 6 p.m. ET)
• SMS/Text: +12128587690 (US number)

OANDA's multi-channel support ensures that traders can get assistance through their preferred method of communication.

OANDA US Broker Restricted Countries

While OANDA operates in 8 regulated markets globally, including the US, it's important there are still regions and countries that this broker doesn’t provide services in them, including:

• Iran
• Syria
• North Korea
• Lebanon

OANDA US Ratings and Trust Scores

OANDA has established itself as a highly trusted forex and CFD broker with a 4.2/5 Trustpilot score. This shows that OANDA has created a secure trading environment for traders worldwide.

OANDA US Education Resources

OANDA has launched a comprehensive education portal called "OANDA Learn" to support traders at all levels:

• Wide Range of Resources: Videos, eBooks, webinars, and events
• Topics Covered: Leveraged trading, fundamental and technical analysis, indicators and oscillators, risk management strategies

With over 25 years of industry experience, OANDA's commitment to education is evident in this new portal, which aims to provide traders with the necessary tools and knowledge to develop informed trading strategies.

TF Expert Suggestion

OANDA US’ high regulatory oversight by CFTC and NFA authorities means that the broker has provided a secure trading platform.

However, the brokers’ $14 inactivity fee, low leverage options (1:50 maximum), and higher than industry average spreads (2.0 pips on average) indicate that OANDA US might not offer the best trading conditions for everyone.