OANDA
Market MakerOANDA is one of the oldest and most trusted forex brokers, established in 1996 and regulated by the CFTC — one of the few brokers accepting US residents.
Trading Forex and CFDs involves a significant risk of loss.
Our Rating Breakdown
Scores based on independent research and live account testing.
OANDA Full Review
OANDA was founded in 1996 and is one of the pioneering forex brokers that helped shape the retail trading industry. With 28+ years of operation, the broker is considered one of the safest and most trusted names in forex trading.
US Client Access
OANDA is one of the very few major forex brokers that accepts US residents, making it the go-to choice for American traders. The broker is registered with the CFTC and is a member of the NFA.
No Minimum Deposit
OANDA requires no minimum deposit, allowing traders to start with any amount. This makes it particularly accessible for beginners testing the waters with small investments.
Research Tools
OANDA provides excellent research tools including an Economic Calendar, Market News, Technical Analysis tools, and the proprietary OANDA Order Book — a unique sentiment indicator showing aggregate trader positions.
TradingView Integration
OANDA has integrated TradingView into its platform, allowing traders to access TradingView's advanced charting directly through OANDA's interface.
Verdict
OANDA is the premier choice for US-based traders due to its CFTC regulation. It's also well-suited for beginners who want a trusted, established broker with no minimum deposit requirement.
Pros
- No minimum deposit required
- Accepts US clients (CFTC regulated)
- Highly trusted with 28 years of history
- TradingView integration
- Excellent research and analysis tools
Cons
- Higher spreads compared to ECN brokers
- Limited leverage for US traders (1:50)
- No shares or ETFs trading
Broker Details
- Headquarters
- New York, USA
- Founded
- 1996
- Type
- Market Maker
- Min Deposit
- No minimum
- Max Leverage
- 1:50
Regulation
Platforms
- OANDA Trade
- MetaTrader 4
- TradingView