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Score

1.79 /10
Danger

OANDA

United States

20+ years

Regulated in Australia

Market Making License (MM)

MT4 Full License

Global Business

High Potential Risk

Offshore Regulation

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

Capital Ratio

Good

Influence

AAA

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Comparison

Quantity 110

Exposure

Open Account
Website

Score

Regulatory Index7.28

Business Index8.44

Risk Management Index0.00

Software Index8.36

License Index9.02

The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.
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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Sanction

US NFA
2021-04-01
NFA orders Toronto, Canada retail foreign exchange dealer and futures commission merchant OANDA Corporation to pay a $200,000 fine
OANDA
FX Clearing Trust
SMBC

Broker Information

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Company Name

OANDA Corporation

Company Abbreviation

OANDA

Platform registered country and region

United States

Number of employees

19

Company website

X

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2026-08-22
  • The WikiFX cloud system has detected an excessive number of complaints against this broker, leading to its placement on the WikiFX Complaint Blacklist. Please be aware of the high risk.
  • WikiFX has recorded a total of 103 user complaints against this broker. Please be aware of the high risks and exercise extreme caution.

WikiFX Survey

OANDA

Japan

WikiFX Verification

Sources
Data Source WikiFX Data provide
Updated: 2026-08-22
OANDA · 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.

News

NewsOANDA Review 2026 for India

OANDA review for India covering global regulation, RBI forex rules, OANDA login security, platforms and regulatory history.

WikiFX
2026-08-19 14:29
OANDA Review 2026 for India

ExposureOANDA Review: Regulated Broker Name, Withdrawal Complaints, and Lookalike Forex Traps

OANDA/安达 carries active multi-jurisdiction regulation, but the risk picture is severe: a WikiFX score of 1.79, 103 recent complaints, an NFA fine, and repeated withdrawal-blockade reports tied to OANDA-branded or lookalike platforms. Any demand for VIP upgrades, taxes, guarantees, or extra deposits before withdrawal should be treated as an immediate red alert.

WikiFX
2026-08-04 15:00
OANDA Review: Regulated Broker Name, Withdrawal Complaints, and Lookalike Forex Traps

NewsOANDA Broker: Regulated but Is It Really Safe for Traders?

According to WikiFX, OANDA holds a WikiScore of 1.79 out of 10, placing it within a critically low tier despite holding licences from some of the most respected financial regulators globally. This unusual divergence between regulatory strength and overall score is a defining feature of the OANDA broker profile and warrants careful examination by any trader considering the platform.

WikiFX
2026-08-03 14:41
OANDA Broker: Regulated but Is It Really Safe for Traders?

ExposureOANDA Review 2026: Regulation, Complaints, and Clone Risks

Available records show OANDA is a highly regulated global broker, but a recent flood of user complaints highlights an extreme risk of offshore clone scams impersonating the brand. Indian traders must strictly verify the official domain to avoid severe withdrawal traps and fake VIP upgrade fees.

WikiFX
2026-07-30 15:30
OANDA Review 2026: Regulation, Complaints, and Clone Risks
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FX6478465692
more than one year
ดีอยู่นะ มีทั้งโปรโมชั่นดีๆสำหรับมือใหม่ที่ยังไม่มีทุน แต่ตอนนี้ โปรนี้หมดไปละ
ดีอยู่นะ มีทั้งโปรโมชั่นดีๆสำหรับมือใหม่ที่ยังไม่มีทุน แต่ตอนนี้ โปรนี้หมดไปละ
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2025-08-14 12:49
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Officer P
more than one year
ผมเคยลอง OANDA แล้วรู้สึกว่ามันค่อนข้าง “เรียบง่ายแต่มั่นคง” อินเทอร์เฟซไม่หวือหวา แต่ใช้งานตรงไปตรงมา เหมาะกับคนที่เน้นความเสถียรและข้อมูลราคาที่แม่น ฝาก–ถอนก็ตรงเวลาแม้จะไม่ได้เร็วจัด จุดที่ชอบคือมีข้อมูลวิเคราะห์กับเครื่องมือเสริมเยอะ เหมาะสำหรับคนที่จริงจังกับการเทรด แต่ก็ต้องบอกว่าบางทีค่าธรรมเนียมกับสเปรดอาจสูงกว่าบางโบรกนิดหน่อย ใครที่มองหาโบรกที่ไว้ใจได้ระยะยาว OANDA ถือว่าตอบโจทย์เลย
ผมเคยลอง OANDA แล้วรู้สึกว่ามันค่อนข้าง “เรียบง่ายแต่มั่นคง” อินเทอร์เฟซไม่หวือหวา แต่ใช้งานตรงไปตรงมา เหมาะกับคนที่เน้นความเสถียรและข้อมูลราคาที่แม่น ฝาก–ถอนก็ตรงเวลาแม้จะไม่ได้เร็วจัด จุดที่ชอบคือมีข้อมูลวิเคราะห์กับเครื่องมือเสริมเยอะ เหมาะสำหรับคนที่จริงจังกับการเทรด แต่ก็ต้องบอกว่าบางทีค่าธรรมเนียมกับสเปรดอาจสูงกว่าบางโบรกนิดหน่อย ใครที่มองหาโบรกที่ไว้ใจได้ระยะยาว OANDA ถือว่าตอบโจทย์เลย
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2025-08-13 23:47
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