OANDA Review: US forex broker regulated in UK, Australia, Singapore

A pioneer OANDA-logo-250broker with global touch and many years of experience, OANDA offers forex, CFDs trading and related services to both retail and institutional customers on a selection of trading platforms. It is one of the few forex brokers left to operate on the US retail market.

Although Its spreads are not among the tightest in the industry and leverage is capped to 1:50, OANDA offers low-cost trading and doesn’t charge commissions. It is a good and reliable choice of a brokerage, as it is regulated by multiple authorities across the world.

 

Regulation: CFTC (US), FCA (UK), ASIC (Australia), IIROC (Canada), MAS (Singapore), SFC (Hong Kong)
Online since: 1996
Execution: Market Maker
Trading platforms: fxTrade (in-house), Protrader Multi-Connect (PTMC), and MetaTrader 4 (MT4)
Min. Deposit: No ($1)
Min. Trade size: No ($1)
Max. Leverage: 1:50

Cost of trading

Spread: 1.4 pips on EUR/USD
Commission: No
Bonus: No

Latest news about Oanda

Oanda updates fxTrade mobile app, improves trading from chart

Canada-based forex brokerage group Oanda has updated its fxTrade mobile application for Android devices. The main update are improved trading from chart

All but one retail forex brokers reflect well FXCM’s US market exit, Gain Capital turns biggest gainer

The exit of US forex giant Forex Capital Markets, or FXCM, has had a positive impact on the rest of the market

US forex brokers continues to slowly stabilize total retail deposits in Jan 2017

The combined retail forex client deposits of brokers operating in the US continues to slowly, but steadily stabilize, indicated the latest data

US retail forex deposits continue to grow in Dec 2016, Interactive Brokers outgrows market

Multi-asset brokerage Interactive Brokers registered a monthly growth in retail forex deposits of 8.8% in December 2016, outgrowing significantly the market which

Oanda partly moves server to Equinix’ SG3 data center in Singapore

Canada-based forex brokerage group Oanda said on Tuesday it has moved part of its IT equipment to Singapore in SG3, the newest

Oanda launches website for feedback on fxTrade trading platform

Canada-based forex brokerage group Oanda has launched Oanda Prototypes, a new website for sharing and gathering information about the functionality and design

Odey raises stake in Plus500 amid FCA-caused stock price dip

Amid the turmoil and the dive the stocks of the UK forex brokers took upon the news of Financial Conduct Authority’s plans

XM, Oanda, raise margins around Italy’s referendum, RoboForex warns of volatility

Oanda and XM have joined the list of forex brokers who are temporarily raising the margin requirements on some instruments, or are

US forex brokers post 2016’s highest retail client deposits in Oct

Retail forex deposits with US brokers amounted to $520.3 million in October 2016, reaching their highest since the beginning of the year,

PsyQuation trading analysis app partners up with Oanda

PsyQuation, the Australian-based software company that developed and provides the eponymous behavioral analytics tool for traders and brokers, has signed a partnership