Broker review
OANDA review 2026: fees, platforms and regulation
OANDA was founded in 1996 and is regulated in the US, UK, EU, Australia and elsewhere. It offers spread-only and commission pricing on its own platform, TradingView, MT4 and MT5, with no minimum deposit in its main regions.
Figures last verified 3 Nov 2026 Checked against OANDA's own website and legal documents
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Key facts
Owner
FTMO completed its acquisition of OANDA Global Corporation on 1 Dec 2025
Minimum deposit
None in the US, UK, Australia and for Standard accounts at OANDA Global Markets
Pricing
Spread-only, or core pricing plus commission
Platforms
OANDA web and mobile, TradingView, MT4, MT5
Max retail leverage
30:1 on major FX (UK, EU, Australia); 50:1 (US); 200:1 at OANDA Global Markets (BVI)
US clients
Accepted for forex through OANDA Corporation (CFTC/NFA)
Fees and spreads
In the UK, OANDA advertises EUR/USD from 0.6 pips on spread-only pricing and also offers core pricing plus commission; we could not confirm the UK commission figure. In the US, core pricing costs $0.70 per 10,000 units on each side of the trade. UK accounts carry a 1.0% currency conversion mark-up and a monthly inactivity fee after 12 months without trading, capped at £20.
Account
EUR/USD spread
Commission
Spread-only (UK)
From 0.6 pips
None
Core pricing (US)
Raw spread
$0.70 per 10,000 units per side ($7 per 100,000); needs a $10,000 balance
Platforms
OANDA offers its own web and mobile platforms, TradingView, MetaTrader 4 and MetaTrader 5.
Regulation and legal entities
OANDA also lists companies regulated in Singapore (MAS) and Canada (CIRO). Which company holds your account depends on where you live.
OANDA Europe Ltd
FCA (UK)
542574
OANDA Corporation
CFTC / NFA (US)
NFA 0325821
OANDA Australia
ASIC (Australia)
AFSL 412981
OANDA TMS Brokers
KNF (Poland)
KPWiG-4021-54-1/2004
OANDA Global Markets
FSC (British Virgin Islands)
SIBA/L/20/1130
OANDA Japan
Kanto Local Financial Bureau
No. 2137
Strengths
✓The only broker we review that accepts US forex clients, through a CFTC- and NFA-registered company.
✓Choice of its own platform, TradingView, MT4 and MT5.
✓No minimum deposit and no deposit or withdrawal fees in the UK.
Things to check
✕Spread figures differ by region and are not always published on the same basis.
✕UK fees. 1.0% conversion mark-up and an inactivity fee after 12 months.
✕New owner. FTMO's acquisition completed in December 2025.
Who it may suit
US traders looking for a regulated forex broker, and UK, EU or Australian traders who want TradingView or MetaTrader with no minimum deposit. See forex trading in the US.
Read how we score brokers, check the legal entity you would join, and compare terms side by side on our compare page.
Sources
- OANDA acquired by FTMO
- OANDA where we are
- OANDA UK pricing
- OANDA US spreads and commission
- OANDA UK charges
- OANDA UK platforms
- OANDA US spreads and margin
FA
Researched by the Forex Awards research desk
Terms change often and can differ by country. Always confirm the figures for your entity on the broker's site before opening an account. Spotted something out of date? Tell us.
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