OANDA Review
Reviewed · Last updatedThis review is provided for general information and does not constitute an endorsement, investment advice or a recommendation to open an account. Broker information may change after publication. Readers should verify regulatory status, product availability, fees and legal documentation through official sources before making any decision.
Who this service may not be suitable for
Leveraged products may not be suitable for readers seeking long-term investment products, readers who cannot afford to lose the money they deposit, or anyone unwilling to accept the substantial risk of loss inherent in leveraged trading. A majority of retail CFD accounts lose money.
Key facts
- Main regulation
- NFA 0325821, FCA 542574, ASIC AFSL 412981, KNF, BVI FSC SIBA/L/20/1130
- Markets offered
- Currencies, Indices, Commodities, Share CFDs, Crypto
- Regions served
- United States, United Kingdom, European Union, Australia, International entities
How this score was calculated
Facts recorded on 14 Sep 2026 from the broker’s official website and regulator sources, scored with our published rubric. Items we could not find on the official website count as not disclosed.
Regulation and transparency
- Strongest regulator tier: 4.0
- +0.5 two or more major regulators
- -0.5 main website operated by OANDA Global Markets Ltd (2.0 tier)
- -0.5 other regulator fine or enforcement action
- Regulator action: 2025-05-29: NFA: OANDA Corporation ordered to pay USD 600,000 for net capital, security deposit and supervision failures
Costs and fee disclosure
- Not found: Commissions published
- Yes: Overnight (swap) rates published
- Yes: Inactivity fee disclosed
- Yes: Deposit and withdrawal fees disclosed
- Not found: Currency conversion fee disclosed
Risk and consumer information
- Not found: Risk warning on homepage
- Not found: Retail loss percentage published
- Not found: Risk disclosure or KID available
- Not found: Negative balance protection stated
- Yes: Segregated client funds stated
- Yes: Legal documents public
Customer support
- Yes: Live chat
- Not found: Email
- Not found: Phone
- Not found: Hours: unknown
Education and research
- Yes: Education section
- Not found: Risk education content
- Yes: Webinars or courses
- Yes: Market analysis
- Not found: Economic calendar
Website and user experience
- Yes: Legal documents page
- Yes: Fees page
- Yes: Entity and licence in footer
Regulatory status by region
The entity that holds an account determines the regulator, client-money rules and compensation arrangements that apply. Check the entity on the official register of the named regulator before opening an account.
| Region | Legal entity | Regulator and licence |
|---|---|---|
| United States | OANDA Corporation | CFTC-registered FCM and RFED, NFA ID 0325821 (source: broker disclosure) |
| United Kingdom | OANDA Europe Limited | FCA, FRN 542574 (source: broker disclosure) |
| European Union | OANDA TMS Brokers S.A. | Polish Financial Supervision Authority (KNF), licence KPWiG-4021-54-1/2004 (source: broker disclosure) |
| Australia | OANDA Australia Pty Ltd | ASIC, AFSL 412981 (source: broker disclosure) |
| International entities | OANDA Global Markets Ltd | BVI Financial Services Commission, licence SIBA/L/20/1130 (source: broker disclosure) |
| International entities | OANDA Asia Pacific Pte Ltd | Monetary Authority of Singapore, Capital Markets Services Licence (source: broker disclosure) |
| International entities | OANDA (Canada) Corporation ULC | Canadian Investment Regulatory Organization (CIRO) member (source: broker disclosure) |
Research methodology
Assessed against our published framework using the broker’s public website, legal documents and regulator registers. Every broker is assessed using the same documented criteria. Full methodology →
Sources
- Broker legal page: help.oanda.com, retrieved 14 Sep 2026
- Broker legal page: oanda.com, retrieved 14 Sep 2026
- Broker legal page: oanda.com, retrieved 14 Sep 2026
- Score evidence (costs): oanda.com, retrieved 14 Sep 2026
- Score evidence (risk): oanda.com, retrieved 14 Sep 2026
- Score evidence (support): help.oanda.com, retrieved 14 Sep 2026
- Score evidence (education): oanda.com, retrieved 14 Sep 2026
- Score evidence (website): oanda.com, retrieved 14 Sep 2026
Corrections and update history
- 24 Sep 2026: Scores recalculated under methodology version 1.2 (the language checks were removed from Customer support and Website and user experience).
- 15 Sep 2026: Scores recalculated under methodology version 1.1 (six weighted categories).
- 14 Sep 2026: Category scores calculated with the published scoring rubric (methodology version 1.0) from facts recorded on the broker’s official website.
- 14 Sep 2026: Regulatory entities and licence numbers researched from official broker disclosures and regulator sources.
Spotted an error? See our Corrections Policy.
CFDs and other leveraged products carry a high risk of losing money rapidly because of leverage, and a majority of retail investor accounts lose money when trading CFDs. A high editorial score reflects disclosure and service quality. It does not make trading safe.