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Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10
The WikiFX Score of this broker is reduced because of too many complaints!

OANDA

United States | Above 20 years | Environment AAA |
Regulated in Australia | Market Maker (MM) | MT4 Full License | Global Business | High potential risk

https://www.oanda.com/sg-en/

Website

Rating Index

Environment

Environment

AAA

Average transaction speed (ms)

270.2 Great

MT4/5

Full License

OANDA-Demo-1

United States
MT4
40

Capital Ratio

Good

Capital

$ 3,604,651 (USD)

Influence

AAA

Influence index NO.1

Japan 8.73
The WikiFX Score of this broker is reduced because of too many complaints!

Environment

Speed:AAA

Slippage:AA

Cost:C

Disconnected:A

Rollover:AAA

MT4/5 Identification

MT4/5 Identification

Full License

40
Server Name
OANDA-Demo-1 MT4
Server Location United States

Capital Ratio

Capital Ratio

Good

Capital

$ 3,604,651 (USD)
Ranking in Japan: 63 /414
249.9%
安全的

Influence

Influence

AAA

Influence index NO.1

Japan 8.73
Surpassed 84.00% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

0120-923-213
frontdesk@oanda.com
https://www.oanda.com/sg-en/
https://www.facebook.com/OANDAfx/
VPS Standard
No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Open
WikiFX Risk Alerts
2025-09-17
  • WikiFX has received a total of 103 user complaints against this broker, please be aware of the risks and do not be scammed!
2

Basic Information

Registered Region
United States
Operating Period
Above 20 years
Company Name
OANDA Corporation
Abbreviation
OANDA
Company employee
19

FX3418453235

Unverified

Indonesia

For this account, I report fraud, funds cannot be withdrawn with the reason that the investment funds must be upgraded and added.

Exposure

02-24

천하제일호이

Unverified

South Korea

After investing about 100 million won and making a profit of about 600 million won, when I tried to withdraw 100 million won, I was unable to withdraw and my trading was prohibited.

Exposure

01-04

FX2324571311

Unverified

Vietnam

Scam platform. www.oanda19.com I deposited 10 million and made a profit of 20 million, then I tried to withdraw and the platform allowed it. I deposited an additional 130 million and the profit increased to 180 million, but when I tried to withdraw the money, the platform said the account balance was insufficient and I had to deposit an additional 112 million in order to withdraw.

Exposure

2024-10-01

FX6478465692

Unverified

Thailand

It's good, there are great promotions for newcomers who don't have capital yet. But now, this promotion is over.

Neutral

08-14

Officer P

Unverified

Thailand

I've tried OANDA and found it to be quite 'simple yet stable.' The interface isn't flashy but is straightforward to use, making it suitable for those who prioritize stability and accurate pricing data. Deposits and withdrawals are timely, though not the fastest. What I like is the abundance of analytical data and supplementary tools, making it great for serious traders. However, it's worth noting that fees and spreads can sometimes be slightly higher than some other brokers. For those looking for a reliable long-term broker, OANDA definitely fits the bill.

Neutral

08-13

Nicolas2585

Unverified

United States

I am very satisfied with the operation of this website. Happy Customer.

Positive

2024-11-18

FX5030573620

Unverified

Vietnam

No withdrawal allowed

Exposure

2024-09-07

Fx0382182145

Unverified

Vietnam

I was invited to a private group on Zalo and Telegram about the stock market. In the group, there is a person called Mr. Nguyên Văn Cường and assistant Ngân Khánh (the name on Telegram has been changed) who guides some potential stocks. After a short period of time, it was announced to participate in trading on the gold market on the Oanda platform (Oanda-vip.com is introduced as a center affiliated with the Oanda platform for 3–4 years) with a commission of 1%. Then, they enticed members of the private group to open personal accounts, deposit money, and trade according to the instructions of the master. When I deposited $16,000 and traded, I was not informed that I could only withdraw money once, and I needed to upgrade to a VIP account to continue withdrawing. When I upgraded to a VIP account, I was informed that the withdrawal was incorrect, so the account needed to be closed with 50% collateral before it could be reopened. When I contacted them to ask why the two withdrawal transactions were made to two different accounts, there was no response. I hope to resolve this issue to recover my capital.

Exposure

2024-07-22

Charrge

Unverified

Nigeria

OANDA's customer support is top-notch! Their team is super helpful and always ready to assist. And they offer lots of trading assets, so you can diversify your portfolio and find something that fits your strategy.

Positive

2024-07-18

thanhdo

Unverified

Vietnam

I received a call inviting me to a closed Telegram and Zalo group about stocks. In the group, there was a person calling himself Teacher Ngo Quoc Hung and his assistant Lan Anh. They say it's a stock group, but they turn to investing in gold on the Oanda platform. Initially, for transactions, you will receive a commission of 3%/profit. Then I asked him to open a personal account, deposit money and trade according to the teacher's orders. I can only withdraw money once, the next time the platform forces me to upgrade to VIP, I have to pay a huge amount of money, if I don't pay I won't be able to withdraw. This is a scam platform and the group of people calling themselves Master Ngo Quoc Hung is also a group of scammers, using psychological manipulation tricks, shouting loudly, in the group, all the green and red troops come in to lure investors. invest money. I hope the authorities will intervene to ease people's suffering.

Exposure

2024-06-03

122
Account
Related Software
Environment
Marketing Strategy
Biz Area
Website
Genealogy
Relevant Enterprises
Employees
Company Summary
Disclosure
News
Wiki Q&A
Comment
MT4/5
Full License MT4
Full License MT5
11
MT4 Servers
6
MT5 Servers
249.76
velocityIcon
Average execution speed/ms

Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong

Meta Trader 4
Perfect
Meta Trader 5
Perfect

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Environment

Average transaction speed(ms)
270.2 Great
The highest transaction speed(ms)
11 Perfect
The highest speed of opening positions(ms)
11 Perfect
The highest speed of closing position(ms)
62 Great
The lowest speed of opening positions(ms)
1278 Good
The lowest speed of closing position(ms)
1434 Good
0USD/Lot
25.61USD/Lot Perfect
Long: -15.93USD/Lot    Short: 8.88USD/Lot
Long: -10.16USD/Lot    Short: 6.19USD/Lot Great
Average slippage
-0.2 Great
Maximum transaction slippage
4 Great
Maximum positive slippage
4 Poor
Maximum negative slippage
4 Great
Average disconnection frequency (times/day)
0.2 Perfect
Average reconnection time (millisecond/per request)
86.3
Ranking: 9 / 125
Test user 115
Orders 1,002
Ocuppied margin $22,258,577 USD
Data Source
WikiFX Data provide
Updated: 2025-09-15 01:00:00
Sources
Language
Mkt. Analysis
Creatives

Website

Most visited countries/areas
Angola
oanda.jp
104.16.248.60
oandazh-lab.com
54.150.199.199
cn-oanda.com
47.56.193.187
oanda-tw.com
182.161.76.105
oanda-zh.com
182.161.76.105
oanda.cn
31.13.82.1
View More

Relevant Enterprises

OANDA Corporation(Pennsylvania (United States))
Active
United States
Registration No.
7310534
Established
2021-04-12
OANDA EUROPE LIMITED(United Kingdom)
Active
United Kingdom
Registration No.
07110087
Established
2009-12-21
OANDA ASIA PACIFIC PTE. LTD.(Singapore)
Active
Singapore
Registration No.
200704926K
Established
2007-03-26
OANDA CORPORATION(Delaware (United States))
Active
United States
Registration No.
3128864
Established
1999-11-15
OANDA証券株式会社(Japan)
Active
Japan
Registration No.
4010001122945
Established
--

Company Summary

OANDA Broker Overview
FeatureDetails
Founded1996
Registered Country/RegionUnited States
RegulationASIC, FCA, FSA, NFA, CIRO, MAS
Market InstrumentsForex, Cryptocurrencies, Commodities, Indices
Demo AccountAvailable
LeverageUp to 50:1 for Forex, No leverage for Cryptos
SpreadFrom 0.1 pips (depending on account type)
Trading PlatformsOANDA Web Platform, MetaTrader 4, TradingView, Mobile Apps
Minimum DepositNo minimum deposit (Premium account requires USD 20,000 minimum)
Customer SupportOffice: 17 State Street, Suite 300, New York, NY 10004-1501

What Is OANDA?

OANDA is a global online trading platform that was established in 2001 and is registered in the United States. It is regulated by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). OANDA provides trading services in a variety of markets, including Forex, cryptocurrencies, commodities, and indices.

The platform is widely recognized for its low spreads, user-friendly tools, and robust educational resources. These features make it suitable for both beginner and experienced traders. OANDA also offers demo accounts, allowing users to practice trading with virtual funds before trading with real money.

For Forex trading, OANDA provides flexible leverage options. Traders can access the platform through MetaTrader 4 (MT4), TradingView, or its own proprietary OANDA trading platform, giving them multiple options to execute their trades.

OANDA trading

Is OANDA Legit?

OANDA is a well-regulated broker with oversight from several major financial regulatory bodies. Here's a summary of OANDA's regulatory information:

Regulatory AgencyStatusLicense TypeRegulatory JurisdictionLicense NumberLicensed Entity
Australian Securities and Investments Commission (ASIC)RegulatedMarket Maker (MM)Australia412981OANDA AUSTRALIA PTY LTD
Financial Conduct Authority (FCA)RegulatedMarket Maker (MM)United Kingdom542574OANDA Europe Limited
Financial Services Agency (FSA)RegulatedRetail Forex LicenseJapan関東財務局長(金商)第2137号OANDA証券株式会社
National Futures Association (NFA)RegulatedMarket Maker (MM)United States325821OANDA CORPORATION
Canadian Investment Regulatory Organization (CIRO)RegulatedMarket Maker (MM)CanadaUnreleasedOANDA (Canada) Corporation ULC
Monetary Authority of Singapore (MAS)RegulatedRetail Forex LicenseSingaporeUnreleasedOANDA ASIA PACIFIC PTE. LTD.
regulatory
regulatory
regulatory
OANDA regulatory
OANDA regulatory
OANDA regulatory

What Can I Trade on OANDA?

OANDA offers a variety of tradable instruments, including:

Market InstrumentAvailable?
Forex
Cryptocurrencies
Commodities
Indices
Stocks
ETFs
Options

What Are the Account Types and Fees on OANDA?

OANDA provides several account types tailored to different needs:

Account TypeMinimum DepositLeverageSpreadsCommission
Standard AccountNo minimumUp to 50:1 (Forex)From 0.1 pipsNone
Premium AccountUSD 20,000+Up to 50:1 (Forex)From 0.1 pipsDiscounts on Spreads
Demo AccountNoneNoneVirtual fundsNone

What Trading Platforms Does OANDA Offer?

OANDA supports multiple trading platforms to cater to various user preferences:

PlatformDeviceTarget Audience
OANDA Web PlatformWeb (Desktop, Mobile)Beginner to Advanced Traders
MetaTrader 4 (MT4)Desktop, Mobile, TabletAdvanced Traders (Automated Trading)
TradingViewWeb (Desktop, Mobile)Chart Enthusiasts, Advanced Traders
OANDA Mobile AppMobileOn-the-Go Traders

What Are the Deposit and Withdrawal Methods on OANDA?

OANDA supports a variety of deposit and withdrawal methods:

Deposit MethodFeesProcessing Time
Bank Wire TransferNo fees from OANDA1-3 business days
Debit Card (Visa/Mastercard)No fees from OANDAImmediate
ACH TransferNo fees from OANDAImmediate (for Instant ACH)

Risk Disclaimer: Trading involves significant risk, and it is not suitable for everyone. You should only trade with money that you can afford to lose. Please ensure you understand the risks involved and seek independent advice if necessary. OANDA offers leverage on Forex, but be aware that leverage can magnify both gains and losses. Always trade responsibly.

Ready to start trading with OANDA? Open an account today and take advantage of their competitive spreads and advanced trading tools.

Keywords

  • Above 20 years
  • Regulated in Australia
  • Regulated in United Kingdom
  • Regulated in Japan
  • Regulated in United States
  • Regulated in Canada
  • Regulated in Singapore
  • Market Maker (MM)
  • Retail Forex License
  • MT4 Full License
  • MT5 Full License
  • Self-developed
  • Global Business
  • High potential risk

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