OANDA Review 2026

Regulations: FCA (UK), ASIC (Australia), CFTC/NFA (US), MAS (Singapore), IIROC (Canada), FSA (Japan)

Instruments: Forex, CFDs, Commodities, Indices, Bonds, Cryptocurrencies

OANDA provides several account types to accommodate different trading needs, including standard and premium accounts. Each account type offers unique features, enabling traders to choose the one that best fits their trading style and capital requirements.

OANDA Standard Account

The Standard account is ideal for retail traders looking for competitive spreads without the need for large capital investment. There are no minimum deposit requirements, making it accessible for traders with varying levels of experience.

OANDA Premium Account

OANDA’s Premium account is designed for high-net-worth traders who require access to exclusive benefits, including tighter spreads, a dedicated account manager, and access to premium research tools. The minimum deposit for a Premium account is $20,000.

OANDA offers flexible and convenient deposit and withdrawal options, making it easy for traders to fund and access their accounts. The broker supports multiple payment methods, including bank transfers, credit/debit cards, and popular e-wallets.

OANDA Deposit Options and Fees

OANDA provides several deposit methods to suit different preferences, including Wire Transfer, Credit/Debit Cards, and e-wallets like PayPal and Skrill. Deposits are generally free of charge, and funds are typically credited to the trading account instantly, although wire transfers may take a few business days. The broker offers a minimum deposit requirement of $0, which allows traders to start with any amount they are comfortable with.

OANDA Withdrawals Options and Fees

OANDA offers multiple withdrawal methods, including bank transfers, credit/debit cards, and e-wallets. Withdrawal fees depend on the method used; for example, bank transfers typically come with a flat fee, while withdrawals via PayPal or Skrill are free. Processing times vary, with e-wallets offering the fastest withdrawal speeds, typically within one business day. You can find more details on the withdrawals page.

OANDA offers low and competitive trading costs, which change depending on the account type and the instrument you trade. The broker is known for its clear pricing and does not add hidden fees, making it suitable for both new and experienced traders.

OANDA Spreads

OANDA uses floating spreads, meaning the spread can go up or down depending on market conditions. The average spread on major forex pairs like EUR/USD is about 1.1 pips, which is considered competitive. OANDA may also offer better spreads to high-volume traders, which can be attractive for those who need sharper pricing.

OANDA Trading Fees

On standard accounts, OANDA does not charge separate trading commissions, which helps keep overall costs down. Instead, the broker includes its fee in the spread. Premium accounts can access tighter spreads, which can lower costs even more for active or high-frequency traders. OANDA also provides swap-free accounts for clients who need interest-free trading conditions.

OANDA Non-Trading Fees

OANDA’s non-trading fees are relatively low. The broker does not charge for deposits, and withdrawal fees depend on the method used. Bank wire withdrawals usually have a fixed fee, while e-wallet withdrawals (such as PayPal) are often free. OANDA does apply a $10 monthly inactivity fee if an account has no activity for more than 12 months, which is common in the industry. More information is available on the broker’s fees page.

OANDA is not known for offering extensive bonuses or promotions, as the broker focuses on transparency and straightforward trading conditions. However, they occasionally offer incentives, such as reduced trading fees or promotions for active traders. While OANDA doesn’t provide a traditional deposit bonus, its low trading costs and regulatory backing make it a preferred choice for traders who prioritize long-term value over short-term bonuses.

OANDA offers a variety of educational resources for traders, including webinars, video tutorials, and market analysis. The broker’s learning resources are designed to help traders at all levels improve their skills and stay updated on market trends. Whether you’re a beginner looking to learn the basics or an experienced trader seeking more advanced strategies, OANDA’s educational content provides valuable insights.

OANDA is a globally recognized broker offering forex, CFD, and cryptocurrency services in more than 100 countries. OANDA operates across major regions including North America, Europe, Asia, and Oceania, making it one of the most internationally accessible trading providers.

OANDA services are available in major financial hubs such as the United States, United Kingdom, Australia, Canada, Japan, Singapore, and most European nations. However, due to regional regulatory restrictions, access may vary depending on specific local laws. For example, certain limitations may apply in regions like Japan, the United Arab Emirates (UAE), and some Middle Eastern countries, where financial regulations impose additional requirements for trading platforms.

While OANDA serves a broad international client base, it maintains a strict compliance framework. As part of its regulatory obligations, OANDA  may, at its sole discretion, refuse to open accounts for clients located in, controlled by, nationals of, or residents of the following restricted jurisdictions:

• Afghanistan
• Belarus
• China
• India
• Iran
• Iraq
• Myanmar
• New Zealand
• South Africa
• Turkiye
• Ukraine