- Licensed entity
- OANDA Australia Pty Ltd
- Licence no.
- AFSL 412981
Listed on the broker's own website · SourceCheck register ↗
OANDA
OANDA Global Corporation · New York, USA
Forex specialist since 1996, licensed for US clients, with no minimum deposit and a widely used API.
9.2out of 10
1 regulator alert against OANDA, 1 in the last two years.
Regulators say these OANDA companies or websites aren't authorised in their countries. See the alerts
Licences (8)
- Licensed entity
- OANDA (Canada) Corporation ULC
- Licence no.
- Not stated
Listed on the broker's own website · SourceCheck register ↗
- Licensed entity
- OANDA Europe Limited
- Licence no.
- FRN 542574
Listed on the broker's own website · SourceCheck register ↗
- Licensed entity
- OANDA Japan Co., Ltd.
- Licence no.
- Kanto Local Finance Bureau No. 2137
Listed on the broker's own website · SourceCheck register ↗
- Licensed entity
- OANDA Asia Pacific Pte Ltd
- Licence no.
- Not stated
Listed on the broker's own website · SourceCheck register ↗
NFADisclosed by broker
United States · Tier 1
- Licensed entity
- OANDA Corporation
- Licence no.
- NFA ID 0325821
Listed on the broker's own website · SourceCheck register ↗
- Licensed entity
- OANDA TMS Brokers S.A.
- Licence no.
- Not stated
Listed on the broker's own website · SourceCheck register ↗
BVI FSCDisclosed by broker
British Virgin Islands · Offshore
- Licensed entity
- OANDA Global Markets Ltd
- Licence no.
- SIBA/L/20/1130
Listed on the broker's own website · SourceCheck register ↗
Which company you sign up with depends on where you live. Your protections (compensation scheme, leverage limits, negative balance protection) come from that company's regulator.
Score breakdown
Weighted total: 9.2 / 10, ranked #10 of 30. How we score
- Regulation strength: Based on the strongest regulator licensing the broker, plus extra tier-1 and tier-2 licences.
- Licence status: Whether any licence has been revoked or has expired.
- Track record: Years in business: 0.5 points per year, up to 10.
- Transparency: Publicly listed parent, licences disclosed, head office published, client money segregated.
- Regulator alerts: Deductions for regulator alerts against the broker's own companies or websites.
Regulator alerts (1)
Scam sites impersonating OANDA
These alerts are about fraudsters copying the broker's name. They don't count against its score. Always check the website address before you log in or deposit.
- www.oandno.com (CLONE): CNMV, 14 Aug 2025 · source
Overview
OANDA has specialised in forex since 1996 and is one of the few brokers licensed to serve US retail forex clients (CFTC/NFA). Group companies are also licensed in the UK, Australia, Canada, Singapore, Japan and Poland, and an offshore entity is licensed in the British Virgin Islands. OANDA's exchange-rate data is widely used in business and accounting.
Who it suits: Forex-focused traders, including US residents, and developers who want a well-documented trading API.
Company information
Trading conditions
Pros & cons
Pros
- Licensed for US retail forex (CFTC / NFA)
- Licensed in the UK, Australia, Canada, Singapore and Japan
- $0 minimum deposit
- Well-documented REST and streaming API
Cons
- Limited share CFDs compared with multi-asset brokers
- Inactivity fee
- Some international clients are onboarded to the offshore BVI entity
Frequently asked questions
Is OANDA regulated?
Yes. OANDA companies hold licences from ASIC, CIRO, FCA, JFSA, MAS, NFA / CFTC, KNF, BVI FSC (8 licences in our database). Your protection depends on which OANDA company you open an account with, so check that company on the regulator's register before you deposit.
Is OANDA safe?
OANDA has a score of 9.2/10. Regulators in Brazil have issued 1 regulator alert saying OANDA companies or websites aren't authorised to offer services there (most recent: 8 Jan 2025). Only open an account if the broker is allowed to operate where you live.
Which OANDA company will I open an account with?
It depends on where you live. The companies in our database are: OANDA Corporation (NFA / CFTC, United States); OANDA Europe Limited (FCA, United Kingdom); OANDA Australia Pty Ltd (ASIC, Australia); OANDA (Canada) Corporation ULC (CIRO, Canada); OANDA Asia Pacific Pte Ltd (MAS, Singapore); OANDA Japan Co., Ltd. (JFSA, Japan); OANDA TMS Brokers S.A. (KNF, Poland (EU)); OANDA Global Markets Ltd (BVI FSC, British Virgin Islands). Clients outside the UK, EU and Australia are often onboarded to an offshore company with weaker protection.
Does OANDA accept US clients?
Yes, OANDA accepts US clients through its US-regulated company.
What's the minimum deposit and maximum leverage at OANDA?
Minimum deposit: $0. Maximum leverage: 50:1 retail (US); 30:1 retail (UK / Australia).
Which platforms does OANDA offer?
OANDA web, OANDA app, MT4, TradingView, OANDA API.
CFDs are complex instruments and carry a high risk of losing money quickly because of leverage. Most retail investor accounts lose money when trading CFDs. Make sure you understand how CFDs work and whether you can afford to take the high risk of losing your money. Licence data checked 12 Oct 2026. Details can change; always confirm on the regulator's register.