OANDA offers TradingView and MetaTrader 5 access across forex, indices, metals, crypto and share CFDs, with international clients contracting through its British Virgin Islands (BVI) entity.
Spreads from
0.6 pips
Commission
$0 (spread-only)
Min deposit
$0
Established
1996
Regulated by
FCA · ASIC · FSC (BVI) · CFTC / NFA · JFSA Japan
Written byLaverlane Team·Updated6 Oct 2026
Researched with AI assistance and verified by our editors
Regulation
OANDA operates regional entities under different regulators.
OANDA Europe Limited is regulated by the FCA in the UK and OANDA Australia by ASIC. International clients on the BVI site contract with OANDA Global Markets Limited, company number 2026433, which the terms of business describe as authorised and regulated by the British Virgin Islands Financial Services Commission. No statutory investor compensation scheme is described for these clients.
Key facts
OANDA has operated for more than 25 years.
Client-facing entity
OANDA Europe Limited
Regulators
FCA, ASIC, FSC (BVI), CFTC / NFA, JFSA Japan
Negative-balance protection
jurisdiction-only
Minimum deposit
$0
Max leverage (UK/EU retail)
1:30
Max leverage (offshore entity)
1:888
Typical EUR/USD spread
1 pips
Platforms
MT5, TradingView, Proprietary
Account currencies
USD, EUR, HKD, SGD
OANDA says it has more than 25 years of experience and runs separate regulated entities by region. International clients on the BVI site contract with OANDA Global Markets Limited.
Best for
Pros & cons
Fund safety
Client money is segregated, but no statutory compensation scheme is described for BVI clients.
The OANDA Global Markets terms of business state that client money is held in a segregated, pooled client bank account. OANDA Europe Limited is FCA-regulated and its UK clients fall under the Financial Services Compensation Scheme (FSCS). International clients contract with OANDA Global Markets Limited in the British Virgin Islands, where no statutory compensation scheme is described, and the terms state that losses can exceed the total sum invested.
Account terms
OANDA charges an inactivity fee after 12 months without trading.
OANDA charges up to $20 per month on accounts with no trading activity for 12 months, and does not charge it while a position is open. Deposits carry no OANDA fee, cards withdraw free, and bank wires cost $20 per transaction. Funds are returned to the source they came from.
Costs
OANDA offers spread-only pricing and a commission-plus-core-spread model.
On OANDA pricing, EUR/USD costs 1.0 pip under spread-only pricing and 0.1 pip under core pricing, which adds a commission. GBP/USD costs 1.2 and 0.1 pips, and USD/JPY costs 1.1 and 0.1 pips. Overnight financing applies to positions held past 5pm Eastern Time.
| Instrument | Asset class | Typical spread | Unit |
|---|---|---|---|
| EUR/USD | Forex CFD | 1 | pips |
| GBP/USD | Forex CFD | 1.2 | pips |
| USD/JPY | Forex CFD | 1.1 | pips |
Spreads shown are typical, not guaranteed, and widen during volatile sessions or outside main market hours. Figures reflect the broker's standard retail account.
Markets
OANDA covers forex, indices, commodities, metals, crypto and share CFDs.
Forex CFD
70 pairs
Index CFD
Commodity CFD
Metals, energies, softs
Single-Stock CFD
Crypto CFD
Available ✓
Real ownership: Stocks / ETFs
N/A for this broker, CFDs only
OANDA offers more than 70 currency pairs alongside index CFDs such as US Wall St 30, UK100 and DE40, Brent crude oil, gold and silver, cryptocurrencies and share CFDs. Instrument counts for each group are not stated on the main page.
Platforms
Platforms include OANDA Mobile, MetaTrader 5 and TradingView.
OANDA offers its OANDA Mobile app for iOS and Android, MetaTrader 5 with Expert Advisor support, and TradingView for charting and trading. Share CFDs are not yet available on TradingView for OANDA Global Markets Limited (BVI) clients, according to its platform page. OANDA Europe Limited lists share CFDs on MetaTrader 5, TradingView and the OANDA app.
Execution
OANDA doesn't publish its execution model on the main BVI pages.
The BVI pages do not set out an execution model or fill statistics. OANDA lists trading hours from Sunday 5pm to Friday 5pm New York time. Traders should read the terms of business for details on order handling.
Leverage
BVI leverage reaches 888:1 on tier 1 margin.
The OANDA margin rate document lists tier 1 margin of about 0.11% on major pairs, gold and US indices, equal to 888:1 for accounts opened after 3 October 2022 and 200:1 for earlier accounts. Margin requirements rise with position size. A margin call is triggered below 100% of margin used, and positions are closed once funds fall to 50% of the margin needed. OANDA states that all negative balances are payable.
Account types
OANDA offers Standard, Premium and Premium Plus accounts.
| Account | Min deposit | Commission | Swap | Spread | Demo | Islamic |
|---|---|---|---|---|---|---|
| Standard | $0 | Spread-only | Variable | From 0.6 pips · Variable | Yes | Not stated |
| Premium | $10000 | Spread-only | Variable | From 0.7 pips · Variable | Yes | Not stated |
| Premium Plus | $0 | Spread-only | Variable | From 0.1 pips · Variable | Yes | Not stated |
All three account types list US$0 commission. Standard offers spreads from 0.6 pips on 10 major pairs, Premium needs a US$10,000 deposit or high monthly volume, and Premium Plus offers spreads from 0.1 pips for high-volume traders. Base currencies are USD, EUR, HKD and SGD.
Funding
OANDA supports cards, bank and Wise transfers, and e-wallets.
OANDA accepts Visa and Mastercard, bank and Wise transfers, Skrill and Neteller, plus some local methods in selected regions. Card deposits usually appear within one business day. Withdrawals go back to the original payment source under OANDA's hierarchy rules.
Support
OANDA lists 24/5 customer support.
OANDA offers 24/5 support, and its help centre has searchable guides you can try before you get in touch.
Availability
Country eligibility depends on the contracting entity.
OANDA serves BVI clients through OANDA Global Markets Limited, and the group runs separate regional sites for the UK, EU, Australia, Canada, Singapore and the US. The terms of business rule out sanctioned persons and anyone OANDA can't legally serve, but they don't list restricted countries.
Verdict
OANDA offers broad charting integrations and regulated entities in several regions. International traders contracting through the BVI entity face higher structural risk because no statutory compensation scheme applies and losses can exceed deposits.
If you prioritise charting flexibility through TradingView and want a long-established operator, OANDA meets key trading needs. If you want a clear investor protection scheme under your contracting entity, you may prefer another broker.
Swing traders and technical analysts using MetaTrader 5 Expert Advisors or TradingView charting benefit most from OANDA's platform choices.
FAQ
OANDA reviews identity and address documents before activating an account. Approval time depends on how quickly your verification documents pass its checks. Standard accounts list no minimum deposit requirement.
OANDA offers demo accounts so you can practise before funding a live account. A demo environment cannot fully replicate liquidity gaps during major news releases. Check live spreads and execution before moving to a real account.
OANDA accepts Visa and Mastercard cards, bank and Wise transfers, and Skrill and Neteller. Card deposits typically appear within one business day. OANDA does not charge deposit fees, but your payment provider may.
OANDA supports MetaTrader 5 on web, desktop and mobile, with Expert Advisor support through MQL5. It also offers TradingView and the OANDA Mobile app. The BVI platform page does not list MetaTrader 4.
OANDA offers spread-only pricing, where the commission is built into the spread, and a core-spread model with a fixed commission per trade. EUR/USD is shown at 1.0 on spread-only pricing and 0.1 on core pricing. The commission amount is not stated on the pricing page.
OANDA lists gold and silver CFDs among its metals. The margin rate document shows tier 1 margin of about 0.11% on XAUUSD for BVI accounts, equal to 888:1, while regulated retail accounts face lower caps. Higher leverage increases the risk of rapid losses.
Alternatives
Eightcap offers CFDs on 850+ markets through TradingView, MetaTrader 4, MetaTrader 5 and TradeLocker, with a Raw account that starts from 0.0 pips. Clients outside the regulated regions contract with Eightcap Global Limited in The Bahamas, which carries no statutory compensation scheme.
Octa offers swap-free forex and CFD trading on OctaTrader, MetaTrader 4 and MetaTrader 5, with no trading commission and a $25 minimum deposit. Accounts on octabroker.com are with Versustrategy Inc, registered in Saint Lucia, and the legal documents page lists no financial regulator.
JustMarkets offers leverage of up to 1:3000, swap-free trading and MT4, MT5 and its own app, but international clients contract with an offshore Seychelles entity without a statutory compensation scheme.
FXCM offers forex and CFD trading on Trading Station, MetaTrader 4 (MT4) and TradingView. Accounts on the international website are with Stratos Global LLC, an offshore entity in St Vincent and the Grenadines that sits outside the group’s regulated companies.
ThinkMarkets offers ThinkTrader, TradingView, MT4 and MT5 with 4,000+ instruments and leverage of up to 1:500 on Standard and ThinkZero accounts. International clients contract with a Seychelles-licensed entity.
IronFX operates as a retail CFD broker providing high leverage up to 1:1000 on MetaTrader 4, but international clients contract through an offshore entity without statutory compensation protection.
CFI Financial offers MT5, TradingView and its own app with no minimum deposit and leverage of up to 1:500. International clients trade with CFI International Ltd, licensed in Mauritius.
EC Markets offers MT4, MT5 and its own app with a $10 minimum deposit on STD and ECN accounts and leverage of up to 1:1000. International clients trade with the Mauritius-licensed entity.
General CFD risk warning
CFDs are complex leveraged products and carry a high risk of rapid losses. They do not give you ownership of the underlying asset. Depending on your jurisdiction, broker entity and client classification, protections such as leverage limits and negative-balance protection may differ or may not apply. Where negative-balance protection is not provided, losses may exceed the funds you deposit. You should consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
Disclaimer
This page is provided for general information only. Nothing on this page constitutes investment, tax or trading advice, or a recommendation to open an account or trade with a particular broker. Laverlane does not provide personalised investment advice. We are not a broker or financial institution, we do not arrange or execute trades, and we do not hold client funds.
Broker availability, spreads, fees, leverage, products and legal protections, including compensation schemes and negative-balance protection, vary by the broker’s legal entity, your country of residence and your client classification, and may change over time. Where a broker is required to publish its retail CFD loss rate, that figure is shown on its review page. Spreads shown are typical figures as at our verification date; they are not guaranteed and may widen, particularly during volatile market conditions.
Laverlane Scores reflect the information available at our most recent review. They are editorial assessments, not guarantees of a broker’s financial strength, reliability or future performance. Where we report a regulator warning or enforcement notice, it reflects the official public information available at the time of our review.
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