Brokers  /  OANDA

OANDA

Low risk
🇺🇸 United States · 5-10 years · since 2017-09-07 · OANDA Corporation
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Visit site ↗
3.7/5
★★★★★ ★★★★★
1,733 reviews ›
7
Licenses ›
61
Withdrawal issues ›
$20000
Min. deposit ›
—
Max leverage ›
2
Account types ›
20/100
Scam risk ›
2
Clone sites ›
Accounts: Premium Plus · S$100,000Premium · S$20,000
▲ 61% positive▼ 36% negative
Independent ratingshow third parties score this broker
WikiFX8.34/10
Trustpilot3.7/5
Forex Peace Army2.709/5
20
Low risk
Scam Risk Scoremonitored · 2026-07-05
Lower riskHigher risk
  • Authorised by Tier-1 regulator(s): ASIC, CIRO, FCA, FSA, MAS, NFA
  • 16 user exposure/complaint reports filed
  • Withdrawal complaints in ~27% of recent reviews
Exit Risk
45/100
20 reviews in the last 3 months, 45% negative, 3 withdrawal complaints — negativity rising vs earlier
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing835%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints10012%
Offshore registration108%
Transparency (site/info/social)010%
Real-user sentiment208%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameOANDA Corporation
Headquarters🇺🇸 United States
Founded2017-09-07
Years operating5-10 years
Employees19
Official websitewww.oanda.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods · --
Withdrawal methods · --
Instruments--
Registered address
17 State Street, Suite 300, New York, NY 10004-1501

Regulation & licenses · 7

RegulatorLicense typeLicense No.RegionStatus
NFAForex Trading License (EP)0325821United StatesRegulated
ASICMarket Making License (MM)412981AustraliaRegulated
FCAMarket Making License (MM)542574United KingdomRegulated
FSAMarket Making License (MM)関東財務局長（金商）第2137号JapanRegulated
CIRODerivatives Trading License (EP)UnreleasedCanadaRegulated
MASDerivatives Trading License (EP)UnreleasedSingaporeRegulated
FSCMarket Making License (MM)SIBA/L/20/1130The Virgin IslandsOffshore Regulation

Account types · 2

AccountMax leverageMin. depositMin. spreadCommissionEA
Premium Plus--S$100,000----✓
Premium--S$20,000----✓
Full reviewIn-depth editorial analysis Scam or safe?Risk score & red flags AccountsTypes · min deposit · how to open Deposit & withdrawalMethods · payout reliability

Review analysis AI

The real-review picture shows a stark split: OANDA earns strong praise for customer support (95 positive) and platform reliability, but is heavily criticized for withdrawal difficulties—42 of 49 withdrawal mentions are negative, with users reporting weeks-long delays, denied requests, and lost funds. Deposits and funding also draw 36 negative mentions, while profit/payout complaints (25 negative) and scam concerns (21 negative) amplify mistrust. Despite a low scam risk score of 20/100 from FXCanary’s methodology, the concentration of negative reviews on cash movement suggests a systemic pain point for retail traders.

Best for
  • Traders who prioritize responsive, human customer support
  • Users wanting a globally regulated broker with multiple licenses
Not for
  • Traders needing fast and reliable withdrawals
  • High-volume traders concerned about platform stability during volatility
  • Users with low tolerance for KYC or account verification hurdles
Period:
What users complain about
What users praise
Where reviewers are from
🇬🇧 GB70
🇺🇸 US46
🇨🇦 CA14
🇦🇺 AU14
Vietnam7
🇸🇬 SG6
Positive vs negative · last 12 months Pos Neg
Jul
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Real user reviews

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What OANDA says about itself as stated by the broker · not independently verified by FXCanary

Company Overview

According to OANDA, it is a trustworthy broker that offers a range of trading services. The company states that it is regulated by multiple authorities globally and provides access to various financial markets.

Regulation and Licenses

OANDA claims to be regulated by seven regulators across the world, including the NFA (United States), ASIC (Australia), FCA (United Kingdom), FSA (Japan), CIRO (Canada), MAS (Singapore), and FSC (British Virgin Islands). The broker states that these licenses ensure a high level of client protection.

Account Types

The broker advertises two account tiers: Premium Plus with a minimum deposit of S$100,000 and Premium with S$20,000. OANDA states that these accounts are designed for different levels of traders, offering tailored services. The broker does not disclose maximum leverage, minimum spreads, or commission structures in its public materials.

Trading Platforms and Tools

OANDA says it provides reliable trading platforms with advanced charting, news features, and technical analysis tools. The company also mentions integration with TradingView and offers promotions such as free TradingView Essential subscriptions.

About OANDA

Company Background

OANDA Corporation is a forex and CFD broker headquartered at 17 State Street, Suite 300, New York, NY 10004-1501, United States. The firm was founded on September 7, 2017, and currently employs 19 staff. OANDA is a well-known name in the online trading industry, offering services to retail and institutional clients worldwide.

Regulation and Licenses

OANDA holds licenses from seven regulatory authorities, making it one of the most heavily regulated brokers in the industry. These include the National Futures Association (NFA) in the United States (license no. 0325821), the Australian Securities and Investments Commission (ASIC, license no. 412981), the Financial Conduct Authority (FCA) in the UK (license no. 542574), the Financial Services Agency (FSA) in Japan, the Canadian Investment Regulatory Organization (CIRO), the Monetary Authority of Singapore (MAS), and the Financial Services Commission (FSC) in the British Virgin Islands (license no. SIBA/L/20/1130). Most licenses are for market making or derivatives trading, with the FSC categorized as offshore regulation.

Account Types

OANDA offers two main account tiers: Premium Plus and Premium. The Premium Plus account requires a minimum deposit of S$100,000, while the Premium account requires S$20,000. The broker does not publicly disclose maximum leverage, minimum spreads, or commission structures for these accounts. Additionally, the specific tradable instruments, deposit methods, and withdrawal methods are not listed in the provided data.

Trading Platforms

OANDA provides its own proprietary trading platform, which includes advanced charting tools, news feeds, and technical analysis indicators. The platform is available on desktop and mobile devices. Many users also mention compatibility with TradingView, and OANDA offers promotions such as free TradingView Essential subscriptions to clients. The broker does not specify whether MT4, MT5, or other third-party platforms are supported.

Target Audience

OANDA is aimed at both beginner and experienced traders, with account tiers catering to different capital levels. Its strong regulatory framework may appeal to risk-averse traders, while the high minimum deposit for Premium Plus suggests a focus on high-net-worth individuals. However, the broker's limited disclosure on spreads, fees, and instruments may require potential clients to contact customer support for full details.

Client Feedback Overview

OANDA has a Trustpilot rating of 3.7/5 from over 1,200 reviews and a Forex Peace Army score of 2.709/5. User reviews highlight excellent customer support but also frequent complaints about withdrawals and account issues. The broker's overall risk score from FXCanary is 20/100, indicating low scam risk, but traders should weigh the mixed feedback carefully.

Overview compiled by FXCanary from regulatory records and public data. full OANDA review