Ease of use. Integration with TradingViewer is great!
Free TradingView plan
Join the Best Forex Broker in the Americas (TradingView Awards 2024) and we’ll give you a three month subscription to a TradingView plan. Minimum deposit and trading volume requirements must be met, limited time offer for new clients, terms and conditions apply. Limited to one per household.
Fees are horrendous. Paying almost $150 week in finance charges are criminal. i DO NOT recommend this broker to my worst enemy. The manipulate pair and can't show the order book of the pair or the position distribution. Shop around for a better broker.
Been with Oanda since 2023, before they were bought and became American based. I would call at 1, 2, 3, 4am my time (Los Angeles)and get a live person immediately. There may have been a small language barrier and a crying child in the background, but it was a live person who helped me navigate not only the Oanda platform, but helped me understand that TV trades a Mid Level instead of High or Low, thus causing a trade to be stopped out. While TV is great, trading directly from the Oanda platform is much easier in my opinion. With any broker there's always a learning curve. In my personal opinion it's best to learn your broker and trade directly from them, most have the same chart features if not more. Since Oanda has become American based, I can say that getting a human is much missed. I've had no problems with trades. I've needed customer service a couple of times and the email or chat sufficed. I'm team Oanda when it comes to Forex
Thanks for the positive review.
Team OANDA
Honestly after seeing there replies here, I feel they are not transparent and telling everyone to reach out via email. I am trying to setup my bank account with them its close to a week, in that regards they are super slow. I submitted my documents 2 times. And there spreads are insanely high when compared with FTMO--spread is between 1-5 and directly it is 15 at least.
Don't communicate. Took me 6 weeks to get permission to fund my account. Presently have asked to switch to commission instead of spread charges. Over a week and still waiting for a response. Again.
First how it integrates into TradingView. I like that I am able to analyze and execute my trades on TradingView. Second there’s no unnecessary manipulation unlike unregulated brokers. I’m currently compounding an account and hope to hit 10k soon and 100k and 1M. It’s possible and I’ll do it with Oanda!!! God with me 🙏💚
Thanks for the positive review.
Team OANDA
entered position and took SL and closed negative even though price was WAY below the SL limit.
Thanks for sharing your feedback. Please feel free to reach out to our support team at frontdesk@oanda.com or cxsupport@oanda.com if you’re an EU resident, so we can help you.
If you include your trade ID in the email, that would be great.
Team OANDA
Can access on Tradingview. Clean trade panel, suitable spreads, reasonably fast. User freindly
Thanks for the positive review.
Team OANDA
It's ok. Half of the pairs OANDA says is available for trading, you can't trade. Real bummer. Figure it out.
Thanks for sharing your feedback. Please feel free to reach out to our support team at frontdesk@oanda.com or cxsupport@oanda.com if you’re an EU resident, so we can help you.
If you include your trade ID in the email, that would be great.
Team OANDA
The broker connection to Trading view isn't great, it's too finicky
Thanks for sharing your feedback. Please feel free to reach out to our support team at frontdesk@oanda.com or cxsupport@oanda.com if you’re an EU resident, so we can help you.
If you include your trade ID in the email, that would be great.
Team OANDA
I have been trading with this broker for two years, and a week ago I exceeded my tolerance level. I haven't been able to trade or update my tolerance level for a week now, and I have already sent all my bank and tax statements. OANDA, you are a well-known and respected company, you need to resolve such issues a little faster. Case number 06610624 or 06631572
Hi,
Thanks for sharing your feedback. Please feel free to reach out to our support team at frontdesk@oanda.com or cxsupport@oanda.com if you’re an EU resident, so we can help you.
If you include your trade ID in the email, that would be great.
Team OANDA
Terms and fees
Tradable assets
Forex
Min deposit
0.00 USD
Max leverage
50:1
Deposit fee
No
Withdrawal fee
No
Inactivity fee
No
Forex: EUR/USD from 1.1 pip
- USD/JPY from 1 pips
- GBP/USD from 1.1 pip
- USD/JPY from 1 pips
- GBP/USD from 1.1 pip
About OANDA
Regulators
Website
Community
Phone
+1 877 626 3239
Address
17 State Street, Suite 300, New York, NY 10004
Fully regulated, OANDA offers competitive spreads on 70 forex pairs, including all the majors and minors.
Voted ""Most Popular Broker"" by TradingView three years in a row in 2022, 2021, and 2020, OANDA is the broker of choice for traders who want a smarter way to trade.
Established in 1996, OANDA has affiliates in the world’s most active financial markets, including New York, London, Singapore, Tokyo, Toronto, Sydney, and Warsaw.
Voted ""Most Popular Broker"" by TradingView three years in a row in 2022, 2021, and 2020, OANDA is the broker of choice for traders who want a smarter way to trade.
Established in 1996, OANDA has affiliates in the world’s most active financial markets, including New York, London, Singapore, Tokyo, Toronto, Sydney, and Warsaw.
Tools and features
Order types
Order features
Position features
Brackets
Other
Frequently Asked Questions
OANDA allows to trade forex pairs.
OANDA is regulated by the following organisations:
- CFTC (Commodity Futures Trading Commission)
- NFA (National Futures Association)
- CFTC (Commodity Futures Trading Commission)
- NFA (National Futures Association)
Yes, OANDA provides clients with a demo account to try out their strategies before actually starting to trade.
OANDA requires a minimum deposit of 0 USD.
Brokers usually require deposits to manage risk, cover trading costs, and comply with regulations. Deposits act as collateral for leveraged trades, ensuring brokers don’t face losses if a trade goes against a trader. They also help cover fees, prevent fraud, and ensure serious trading activity.
Brokers usually require deposits to manage risk, cover trading costs, and comply with regulations. Deposits act as collateral for leveraged trades, ensuring brokers don’t face losses if a trade goes against a trader. They also help cover fees, prevent fraud, and ensure serious trading activity.
No, OANDA doesn't offer Level 2 data to its clients.
Level 2 is a subscription-based service that offers real-time access to the exchange’s order book. It gives traders and investors a detailed view of market depth and momentum, helping them make more informed and strategic trading decisions.
Level 2 is a subscription-based service that offers real-time access to the exchange’s order book. It gives traders and investors a detailed view of market depth and momentum, helping them make more informed and strategic trading decisions.
No, there's no fee if there's no activity on your account.
Brokers impose inactivity fees to cover maintenance costs, comply with regulations, and encourage active trading. These fees help offset expenses for managing inactive accounts and prevent account abandonment.
Brokers impose inactivity fees to cover maintenance costs, comply with regulations, and encourage active trading. These fees help offset expenses for managing inactive accounts and prevent account abandonment.
No, OANDA doesn't impose any withdrawal fees on its clients.
OANDA allows leverage of up to 50:1.
Check the fees OANDA has to make the best choice. Forex: EUR/USD from 1.1 pip
- USD/JPY from 1 pips
- GBP/USD from 1.1 pip
No, OANDA doesn't have any deposit fee.
OANDA allows the following order types:
- Trailing stop
- Market orders
- Stop orders
- Limit orders
- Trailing stop
- Market orders
- Stop orders
- Limit orders
Yes, you can place bracket orders with OANDA.
Yes, OANDA requires 2.00% as a margin.
Brokers provide access to financial markets and execute trades. They act as intermediaries between traders and exchanges, providing the necessary infrastructure and tools to place buy and sell orders. They offer services such as order execution, market access, research, analysis, and customer support. Additionally, brokers facilitate the use of leverage, margin trading, and help ensure regulatory compliance, providing traders with a secure environment to trade effectively. Without brokers, individual traders would struggle to access markets and execute trades efficiently.
An order is an instruction for a broker to execute a trade - buy or sell an asset on behalf of a trader. Depending on your strategy, risk tolerance, and market condition, different kinds of orders can be more or less effective, let's see the basic ones.
- Market order. It's a basic type designed to buy or sell an asset immediately at the next price available
- Limit order. Specifies the maximum (for buying) or minimum (for selling) price at which a trader is willing to execute a trade. It's only executed if the price reaches the preset level. There are buy and sell limit orders - they're set to buy/sell an asset at or below/above a certain price
- Stop order. Triggered when an asset moves above or below a certain price level, always executed in the direction that the price is moving. There are stop-loss orders (automatically closes a position at a certain level if the market moves against you) and (initiates a trade when the price breaks a certain level)
- Market order. It's a basic type designed to buy or sell an asset immediately at the next price available
- Limit order. Specifies the maximum (for buying) or minimum (for selling) price at which a trader is willing to execute a trade. It's only executed if the price reaches the preset level. There are buy and sell limit orders - they're set to buy/sell an asset at or below/above a certain price
- Stop order. Triggered when an asset moves above or below a certain price level, always executed in the direction that the price is moving. There are stop-loss orders (automatically closes a position at a certain level if the market moves against you) and (initiates a trade when the price breaks a certain level)
Successful trading requires thorough preparation, ensuring every decision is well-informed and carefully considered. To develop a winning strategy, follow these key steps:
- Find the right asset using our screeners and heatmaps. Explore the stock market with the Stock Screener, track cryptocurrencies on the Crypto Coins Heatmap, and more tools to fin in the main menu
- Analyze price movements on our Supercharts. Utilize multiple drawing tools, built-in indicators, and advanced features to gain deeper market insights
- Stay on top of market changes with the Economic Calendar and the latest news, helping you quickly adapt to shifting conditions
- Test your strategy in a risk-free environment with a Paper Trading account to see how it performs before committing real capital
- Choose a broker and start your trading journey with confidence once you have a clear strategy in place
- Find the right asset using our screeners and heatmaps. Explore the stock market with the Stock Screener, track cryptocurrencies on the Crypto Coins Heatmap, and more tools to fin in the main menu
- Analyze price movements on our Supercharts. Utilize multiple drawing tools, built-in indicators, and advanced features to gain deeper market insights
- Stay on top of market changes with the Economic Calendar and the latest news, helping you quickly adapt to shifting conditions
- Test your strategy in a risk-free environment with a Paper Trading account to see how it performs before committing real capital
- Choose a broker and start your trading journey with confidence once you have a clear strategy in place
A broker's rating on TradingView is based on its clients' reviews. We ensure broker ratings reflect real user experiences by allowing reviews only from verified TradingView users with active linked accounts. Recent ratings carry more weight, providing up-to-date insights for informed decisions. This approach promotes transparency and prevents manipulation. Make sure to rate your broker to help it improve its service and assits other users in their choice.
Leverage is a mechanism that allows traders to open larger positions with a smaller amount of capital. It basically means borrowing funds from a broker, often multiplying your position size by 5x, 10x, or more. For example, with 5x leverage, a $100 deposit could open a $500 trade with your broker lending you $400 you don't have. It's a popular technique, but remember that while leverage increases potential profits, it also magnifies losses, which is why it's essential to learn how to manage risks.
It's always worth preparing for trades before actually executing them. On TradingView, you can do this with our Paper Trading functionality.
It's always worth preparing for trades before actually executing them. On TradingView, you can do this with our Paper Trading functionality.
Margin trading means an investor buying an asset by borrowing the balance from a broker. It allows traders to increase their buying power, enabling larger positions with less upfront capital. While it can provide greater market exposure with less capital and amplify potential gains, it also comes with increased risks:
- Increased risk of losses, including exceeding initial investment
- Interest costs on borrowed funds
- Potential for margin calls requiring additional deposits
Make sure to analyze an asset thoroughly and test your strategy on a Paper Trading account to ensure you're ready to navigate these risks.
- Increased risk of losses, including exceeding initial investment
- Interest costs on borrowed funds
- Potential for margin calls requiring additional deposits
Make sure to analyze an asset thoroughly and test your strategy on a Paper Trading account to ensure you're ready to navigate these risks.
Commissions in trading are fees that brokers charge for executing trades on behalf of traders. These costs help brokers maintain their platforms, provide essential services, and ensure smooth access to financial markets.
Understanding commission structures is essential for traders, as fees can impact overall profitability. Choosing a broker with competitive rates and transparent pricing ensures cost-effective trading.
Understanding commission structures is essential for traders, as fees can impact overall profitability. Choosing a broker with competitive rates and transparent pricing ensures cost-effective trading.