Broker profile

OANDA broker profile

US-registered forex dealer since 1996, also authorised by the FCA in the UK

Last checked · By FTC Editorial Team · How profiles are built

Top-tier regulators
FCA, NFA
Founded
1996
Headquarters
New York, US
Retail CFD accounts losing money
Not published

About OANDA

OANDA was founded in 1996. In the United States, OANDA Corporation is registered with the Commodity Futures Trading Commission as a futures commission merchant and retail foreign exchange dealer, and is a member of the National Futures Association (NFA ID 0325821). In the UK, OANDA Europe Limited is authorised by the Financial Conduct Authority (firm reference 542574).

US clients trade on OANDA's own web and mobile platforms, MetaTrader 4 and TradingView. OANDA's US site points out that forex accounts are not protected by the Securities Investor Protection Corporation. US rules also cap retail leverage on major currency pairs at 50:1 and don't allow hedging positions in the same pair.

Strengths

  • One of relatively few brokers registered to serve US retail forex clients
  • CFTC-registered and an NFA member in the US; FCA-authorised in the UK
  • MetaTrader 4 and TradingView available

Worth checking

  • US forex accounts aren't covered by SIPC
  • US rules limit leverage and don't allow hedging
  • No retail loss rate in the sources FTC checked

Regulation and legal entities

RegulatorCompany and licenceTierStatus
FCA
Financial Conduct Authority · United Kingdom
OANDA Europe Limited
542574
1Listed by broker
Search the register
NFA
National Futures Association / CFTC · United States
OANDA Corporation
NFA ID 0325821
1Listed by broker
Search the register
“Checked on register” means FTC found the licence on the regulator's own register. “Listed by broker” means the number comes from the broker's legal disclosures. Tier 1 regulators have the strictest client-money rules.

Accounts and platforms

Platforms
OANDA web and mobile platforms, MetaTrader 4, TradingView
Account types
—
Minimum deposit
Varies by company and payment method
Commission
—

Sources

  1. OANDA US site: regulatory disclosures
  2. NFA BASIC member search

OANDA: common questions

Is OANDA regulated in the US?

Yes. OANDA Corporation is registered with the CFTC as a futures commission merchant and retail foreign exchange dealer and is a member of the National Futures Association (NFA ID 0325821).

Are OANDA forex accounts protected by SIPC?

No. OANDA's US site states that forex accounts are not protected by the Securities Investor Protection Corporation and receive no preference in a bankruptcy under the CFTC's rules.

Can I use MetaTrader with OANDA?

Yes. OANDA offers MetaTrader 4 as well as its own platforms and TradingView.

Member experiences

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