OANDA review
Trust 9.0/10One of the most trusted forex brokers worldwide. Founded 1996, regulated by 6+ tier-1 authorities including US CFTC. No minimum deposit, transparent pricing, deep institutional liquidity.
ASIC
FCA
CFTC-NFA
IIROC
MAS
FSA-Japan
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At a glance
Min deposit
$0.00
Max leverage
1:200
EUR/USD spread
0.30 pips
Commission
$0.00/lot
Pros
- 6 tier-1 regulators including CFTC-NFA
- No minimum deposit
- Transparent variable spreads
- 25+ years track record
- Strong API for developers
Cons
- No cTrader
- Higher spreads on majors than ECN brokers
- Limited bonus offerings
Account types
| Account | Available | Best for |
|---|---|---|
| Raw / ECN spread | Scalpers, algo traders, high-volume | |
| Standard | All-in spreads, simpler costs | |
| Swap-free / Islamic | Swing traders, religious requirements |
Platform support
| Platform | Supported |
|---|---|
| cTrader | |
| MetaTrader 4 | |
| MetaTrader 5 | |
| TradingView | |
| Proprietary |
Trading costs
| Item | Value |
|---|---|
| EUR/USD avg spread | 0.30 pips |
| Commission per standard lot | $0.00 round-trip |
| Swap fees competitive? | |
| Withdrawal speed | — |
| Deposit methods | — |
| Base currencies | — |
Best for
Beginners
US traders
API/algo developers
Long-term traders