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OANDA

User‑friendly forex broker

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RISK WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail trader accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Backtesting results are hypothetical and do not guarantee future performance.

OANDA offers forex and CFD trading via its proprietary platform, mobile apps and MT4. Regulated in the US, UK, Canada, Japan, Singapore and other jurisdictions. Affiliate program offers CPA up to $600 with an emerging‑markets focus — SA likely eligible.

Visit OANDA →Test Your Strategy →

Full Specification

RegulatedYes
RegulatorsCFTC, NFA, FCA, ASIC, FSA
Registered inUnited States
Minimum Deposit$0
Spread TypeVariable
Spread From1.0 pips EURUSD
Max Leverage1:50 (US), 1:30 (EU), 1:200 (Non‑EU)
Instruments180+
Instrument TypesForex, Indices, Commodities, Crypto
PlatformsWeb, Mobile, MT4, Proprietary
Demo AccountYes (Unlimited)
Swap-FreeYes
Copy TradingNo
Social TradingNo
Crypto TradingYes
Education ResourcesYes
Customer Service24/7 live chat, email, phone
Monthly CostFree

Regulation & Safety

OANDA is regulated by CFTC, NFA, FCA, ASIC, FSA. This means the broker is subject to financial oversight, client fund segregation rules, and regular audits.

Trading Instruments

ForexIndicesCommoditiesCrypto180+ instruments total

Platforms

WebMobileMT4Proprietary

Test Before You Trade

Before opening a live account with OANDA, test your trading strategy on historical data. Our backtester runs your strategy across 50+ instruments — including those available on OANDA.

Open Backtester →Strategy Lab →← All Brokers
⚠ Risk Warning:CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Backtesting results are hypothetical and do not guarantee future performance.