OANDA is a long time veteran in the retail forex broker space, founded in the 1990s. They offer a wide range of services, and are one of the few well regulated brokers available to US clients. In addition, OANDA has a $0 minimum deposit requirement, which is fairly uncommon among brokers worldwide.
In addition to the USA, oanda provides brokerage services to customers in the UK, Canada, Australia, and singapore. This broker has been praised for its transparency, in terms of pricing and fees associated with their services.
OANDA offers its clients access to the very popular trading platform, Metatrader 4 (MT4), as well as for US clients (and perhaps a few select other countries that have not been confirmed), integration with TradingView.com. This allows TradingView users to trade with Oanda directly on TradingView’s trading platform.
Our Overall Broker Rating: 8/10
- No deposit requirements
- MT4 & TradingView (USA clients)
- Transparent pricing models
- Regulated by the CFTC, IIROC, FCA, ASIC, and the Monetary Authority of Singapore
- Slow Customer Support
- Low leverage for some countries (max of 50:1 in USA)
From the Author:
Thanks for reading my review of OANDA. I have personally been using this broker for years now, and overall have been happy with the service. If you have further questions, feel free to contact our team in the contact tab.