OANDA Review 2025: Pros, Cons, & Fees

OANDA Review 2025: Pros, Cons, & Fees

OANDA also offers trading on soft commodities like coffee, cocoa, sugar, and cotton through CFDs. The CFTC and NFA enforce rules to protect retail traders and maintain market integrity. This fee differs depending on the type of asset being traded and the number of trading days. Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. XM Group also offers integration with MetaTrader 4, but it doesn’t offer any in-house apps, relying instead on the MetaTrader 4 platform completely.

This makes the Elite Trader account best for traders with large accounts while the Standard account may cater more to beginner traders. Where every review is more than just words – it’s a trader’s compass. Broker Judge, guiding you through the forex market with clarity and expertise. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com.

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There is no minimum balance or deposit amount needed to activate a live account at OANDA. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.

Is the OANDA mobile app user-friendly?

Use our comparison tool to compare two brokers based on their trust rating, costs, features, platforms and many other aspects. The broker claims to achieve full price transparency so meaning that there is no price manipulation. The minimum spread of 1.0 pips on the EUR/USD may be stated oanda review it’s an industry average and there are no extra conditions for traders.

Can I trust OANDA?

• OANDA does offer education and help for most of its tools and features, but it is fragmented and difficult to locate.
• One possible drawback to such a wide array of tools and research is the education and training required to fully take advantage of them.
• We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust.
• Its research team offers fundamental analysis data, news feed, and trading ideas.
• There is no minimum balance or deposit amount needed to activate a live account at OANDA.
• All of the usual major US and European indices are available, in addition to Asian indices from China, Hong Kong, Singapore, India and Taiwan.

OANDA offers a range of trading options, including 68 forex pairs and 3,928 tradeable symbols, which is a bit more than the industry average of 3,623 symbols. This provides a decent amount of investment options for the majority of traders. OANDA’s range of account types ensures there’s a suitable option for every type of trader. Whether you’re a beginner, an expert advisor, or a high-volume trader, OANDA offers tailored solutions with transparent pricing, no hidden fees, and a straightforward account-opening process. The Standard account is ideal for most traders, with no full account verification required for deposits below $9,000.

Security and Money Guarantees

The range of order types on the OANDA Trade web platform is impressive. Standard order types such as market, limit, and stop-loss are available. It is possible to set time in force conditions; you can set your limit of stop-loss order to expire after a set time, for example, 2 days or 1 week. OANDA Global Markets Ltd charges an inactivity fee of £10 per month for accounts that have been dormant for 12 months. If your queries are not met by the FAQs, then the online chat-bot “OANDA Assistant” is available.

• For the most popular currency pair EUR/USD, OANDA charges a 1.0 spread.
• The broker’s stated goal is to differentiate itself with superior trade execution and transparency, and all data points to that being the case.
• Application Program Interfaces (APIs) are an automated form of trading.
• The layout is customizable, so you can see your favorite instruments and adjust the size of charts to suit your preference.
• Yes, OANDA offers a demo account, allowing traders to practice and familiarize themselves with the platform without risking real money.

Instruments

As a new trader I wanted a platform that was easy to navigate and had competitive rates for transactions and after a search OANDA came highly recommended. After messing with it for a few months I decided to take the plunge and invest some real money. I’m mostly into forex pairs and indices which OANDA caters for pretty well and their iPad app is far more superior than any other platform out there. It’s been a really great experience even though I’m losing more than winning but that’s just down to my own stupidity and experience. All in all it’s been a pleasurable experience and the guys make you feel like part of a trading family which is always good.

Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading in digital assets, including cryptocurrencies, is especially risky and is only for individuals with a high risk tolerance and the financial ability to sustain losses. OANDA Corporation is not party to any transactions in digital assets and does not custody digital assets on your behalf.