OANDA also offers swap-free accounts, catering to clients who require interest-free trading conditions. For premium account holders, tighter spreads are available, which can significantly reduce trading costs for high-frequency traders. Additionally, OANDA offers more favorable spreads for high-volume traders, making it an attractive choice for those who require more competitive pricing. Each account type offers unique features, enabling traders to choose the one that best fits their trading style and capital requirements.
Trading Fees and Other Costs
The table below illustrates how traders can reduce their costs by using the core pricing and commissions account, based on average spreads. Based on the spreads provided on their website, trading 1 lot of EUR/USD with a commission-based account results in lower overall expenses for traders. For the Core pricing model, traders get much tighter spreads but pay a commission of $5 per $100,000 traded of the base currency.
Less liquid markets (exotic pairs or some commodities) usually have wider spreads. In general, OANDA makes depositing funds easy and hassle-free, allowing traders to begin trading with minimal delay. Corporate clients also have access to OANDA’s premium liquidity and market-making services, which ensure that they receive competitive prices and fast execution. Clients with corporate accounts also benefit from a dedicated account manager who can assist with complex trading strategies and operational needs. Premium accounts typically have a higher minimum deposit requirement compared to Standard Accounts, but they offer the benefits of more flexible trading conditions.
Or simply open or log in to your OANDA Trade or Demo account. See how to open an account and deposit or withdraw funds. Trade smarter with our range of tools and handy resources. Select market data provided by ICE Data Services. Although very few prop firms are offering brokerage services with offshore licences, none can be compared to the scale of FTMO’s entry into the space. Several other prop firms have also obtained offshore brokerage licences; however, these appear to be mainly a strategy to gain MetaTrader licences.
OANDA Trade
In the US, trading is available from approximately 5pm Sunday to 5pm Friday (New York time). Our developer portal is packed with useful trading resources, powerful APIs, development guides and more. Automate trading strategies using our APIs
About FTMO press kit
OANDA provides several account types to accommodate different trading needs, including standard and premium accounts. While cryptocurrency spreads may be wider compared to other asset classes, the volatility of these instruments offers significant trading opportunities. OANDA allows traders to access a selection of popular cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. OANDA provides traders with access to a variety of commodities, including oil, natural gas, and precious metals like gold and silver. With competitive spreads and flexible leverage options, traders can take advantage of both long-term trends and short-term market movements.
MT4 is designed for both beginner and professional traders, offering an intuitive interface along with a suite of technical analysis tools to aid in decision-making. These regulators enforce tough rules to ensure fair trading, transparency, and protection of client funds—giving traders peace of mind. Identify potential crypto, forex and trading opportunities using our powerful analysis tools and partner APIs. Our hours of operation coincide with the global financial markets. Over 25 years of experience in trading has made us one of the most recognized online trading brokers.
OANDA Offered Cryptocurrencies
The company provides a wide variety of educational materials designed to help traders at all skill levels improve their trading strategies. OANDA does not always have a permanent bonus structure, but it frequently updates its promotional offerings to incentivize new traders and reward loyal clients. It is important to read the terms and conditions of these promotions carefully, as some may require traders to meet certain criteria or trading volume before they can be fully claimed.
Once you have your demo login details, you have nearly all the same functionality as live account holders. In conducting our demo account review, we were quick to find an impressive perk to the free practice account. Clients that trade at least $10,000,000 per month can qualify for cash rebates of between $5 and $17 per million. As a bonus, the news, economic calendars, and financial announcements all open with ease from inside the app. Users also have the option to tweak display styles to find a format that compliments their trading style. The platform is straightforward to navigate and the sleek design allows for a stress-free experience.
OANDA Standard Account
Premium requires a $20,000 minimum and offers benefits such as tighter spreads, a dedicated account manager, and access to premium research. The broker’s learning resources are designed to help traders at all levels improve their skills and stay updated on market trends. The broker is known for its transparent pricing model and has no hidden fees, making it an appealing option for both beginners and experienced traders.
Additionally, OANDA offers access to demo accounts, which allow traders to practice in real market conditions without risking real money. Standard accounts are equipped with competitive spreads, and traders have access to advanced trading platforms such as MT4, MT5, and fxTrade. With regulated entities in many of the world’s most active financial markets, including New York, Toronto, London, Warsaw, Singapore, Tokyo, the British Virgin Islands and Sydney, OANDA enables retail clients to trade in a variety of asset classes on an award-winning trading platform. OANDA’s platform offers competitive spreads for cryptocurrency CFDs and provides powerful charting and analysis tools to help traders make data-driven decisions. OANDA’s platform provides clients with competitive spreads and real-time pricing, which are key for traders seeking to capitalize on short-term market movements. The broker also offers access to real-time pricing and in-depth market analysis to assist traders in making informed decisions.
Desktop platforms
A subscription to OANDA also means you can explore automated trading. A decent selection of tools and features are available and it’s relatively easy to pick up for beginners. Instead of being able to open news announcements, forums and economic analysis on the platform, they open as web pages in separate browsers. On the downside, the platform lacks an ultra-modern look and some functions are awkward to use.
- In addition, users can see swap rates and view live and monthly exchange rates from within the platform.
- Premium and Elite accounts also feature up to 30% spread reductions, which would lower the example August 2025 average spread from 1.69 to 1.18.
- See how to open an account and deposit or withdraw funds.
- Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
- Many brokers will have licences in maybe three or four regions.
Company Information
This hands-on approach is an excellent way for beginner traders to familiarize themselves with the platform and refine their strategies before trading with actual funds. OANDA occasionally offers bonuses and promotions to both new and existing clients, providing added value to those who choose to trade with the broker. For liquid pairs like EUR/USD and GBP/USD, spreads can start at 0.0 pips—useful for active, short-term traders who need precise pricing. OANDA offers clear, low-cost pricing that changes by account type and the product you trade. OANDA provides its clients with a variety of convenient deposit methods to fund their trading accounts.
In jurisdictions where Core Pricing accounts are available, traders can pay a commission on each trade to get much tighter spreads. This table shows how OANDA compares in terms of standard-account spreads against rival brokers, listing the minimum and average values for major currency pairs. Transparency in pricing is crucial for brokers, and OANDA’s website features a market board displaying live spreads in real time.
- For instance, deposits via credit or debit card are usually credited to the trading account almost immediately, while bank transfers can take up to 3 business days.
- OANDA’s flagship Trade mobile app is easy to use and provides quality market research and excellent charting features.
- Each type has unique features, enabling traders to choose the one that best suits their trading approach and capital needs.
- Our best-in-class bridging technology is combined with formidable tier one bank pricing to give you an even more powerful trading experience.
Our experts found the system is well designed and easy-to-use, offering a multitude of tools and analytical features. But fortunately, this effective tax will only affect those who do not place any trades for at least one year. We consider this a promising sign that OANDA is a legitimate, trustworthy broker.
Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. oanda broker OANDA (Canada) Corporation ULC is regulated by the Canadian Investment Regulatory Organization (CIRO) and customer accounts are protected by the Canadian Investor Protection Fund within specified limits. Each subsidiary provides different products via different platforms, so clients will experience OANDA differently depending on their country of residence.
OANDA’s forex trading costs are generally steep, with high effective spreads across both its default and core pricing, compared to the best brokers. We analyze key tools and features important to forex and CFD traders and collect data on commissions, spreads, and fees across the industry to help you find the best broker for your needs. To evaluate brokers, we test the accounts, trading tools and services provided. Whilst fairly common among US brokers, this does raise the risks – you may lose more than your account balance if the markets move against you.