Oanda

This OANDA review has been crafted by our team of industry experts with over 20 years of experience in financial markets and broker research. OANDA has built a strong reputation over the past 25 years as a reliable and well-established broker. While the company is headquartered in the United States, it operates in 196+ countries worldwide, serving traders across the globe.

Initially focused on forex trading, OANDA has since expanded its services to include CFDs and a range of financial instruments, evolving into a full-spectrum trading platform. Multiple user and expert reviews indicate that while OANDA started as a forex specialist, its growth has brought broader capabilities and advanced features to its platform.

So, what exactly does OANDA offer in 2025? This detailed OANDA Forex review will cover everything you need to know—from the minimum deposit and account types to the available trading instruments, platforms, tools, and overall service quality.

OANDA Trading Instruments: 

While OANDA may not offer an extensive list of instruments compared to some competitors, it does provide access to the most popular and high-performing global assets—making it a solid choice for traders who prioritize quality over quantity.

Available Instruments with OANDA:

• Forex – Wide range of major, minor, and some exotic currency pairs

• Metals – Trade gold, silver, and other precious metals

• Indices – Access global indices like the S&P 500, NASDAQ, FTSE, and more

• Commodities – Includes crude oil, natural gas, and agricultural commodities

• Bitcoin CFDs – Speculate on Bitcoin price movements (via CFDs)

OANDA offers 55 CFD instruments globally, catering primarily to CFD traders who prefer a clean, focused range of assets.

What’s Not Available:

• Individual stocks – OANDA does not offer stock CFDs, which may be a limitation for equity traders

• Full crypto suite – While Bitcoin CFDs are available, altcoins like Ethereum, Ripple, or Litecoin are not supported

If your focus is on cryptocurrencies or individual stock trading, OANDA might not be the best fit. However, for forex and core CFD trading, OANDA provides a reliable, regulated, and well-equipped platform.

OANDA Cryptocurrency Trading

Cryptocurrencies are decentralized digital currencies that allow financial transactions without relying on traditional intermediaries like banks. Leveraging advanced cryptography, these assets offer security, privacy, and integrity, making them a major trend in global financial markets.

Currently, they offer cryptocurrency CFDs on 4 major cryptos, which include Bitcoin, Bitcoin Cash, Litecoin and Ethereum. They usually offer crypto trading against US dollars. Nevertheless, the spreads at OANDA start from US$80 while the margin begins from 10% for Bitcoin trading.

With the OANDA trading account, you can trade Bitcoin as well as Bitcoin cash using MetaTrader 4 and MetaTrader 5. Nevertheless, you can trade these as CFDs right from your mobile, tablet as well as a laptop. Keep in mind that the spread for bitcoin is $80 and for Bitcoin Cash is $2.

OANDA Account Types:

According to our detailed OANDA broker review, the platform offers three main account types to accommodate different trading preferences and strategies. Each account is tailored to suit a specific trading style, yet they all share a common benefit: a minimum trade size of just 0.01 lots, making them accessible for traders of all experience levels.

1. Standard Account

The Standard Account is designed for retail traders looking for straightforward access to the market with no commission fees. It features variable spreads and is ideal for casual or beginner traders who prioritize simplicity and cost-effectiveness.

2. Core Account

The Core Account is tailored for more active or professional traders. It offers tighter spreads and charges a low commission per trade. This account is suitable for those who trade more frequently and want lower spreads in exchange for transparent commission pricing.

3. Swap-Free Account

The Swap-Free Account is specifically designed for traders who avoid interest-based transactions, often for religious reasons (e.g., Islamic traders). This account complies with Shariah law by eliminating overnight swap fees, while still offering access to the same markets and features as other accounts.

OANDA Demo Account:

Many OANDA forex reviews recommend starting with a practice account before opening a live trading account. The OANDA demo account is an excellent way for both beginner and experienced traders to explore the broker’s platform, tools, and trading environment—without risking real money.

Why Choose the OANDA Demo Account?

• Identical to a real account in terms of features, trading conditions, and market access

• Allows users to test trading strategies and get comfortable with platform functionalities

• No deposit required to open—start instantly with virtual funds

• Ideal for new traders to learn and for experienced traders to evaluate the platform’s feasibility

The OANDA demo account simulates a live trading environment and includes all the major functionalities offered in the real account, such as access to Forex, CFDs, charts, indicators, and real-time data. The only difference is that the capital in the demo account is virtual and cannot be withdrawn.

OANDA Minimum Deposit:

One of the standout features of OANDA is its flexible minimum deposit policy. Unlike many brokers, OANDA does not enforce a fixed minimum deposit, allowing traders to start with any amount—even as low as $1. This makes it highly accessible for beginners and retail traders who prefer to start small or test the platform with limited funds.

OANDA Deposit Fees:

When it comes to funding your trading account, OANDA stands out for its zero deposit fee policy. Like many reputable forex brokers, OANDA does not charge any fees for deposits made into your trading account—regardless of the account type.

Key Points on OANDA Deposit Fees:

• No fees from OANDA’s side for deposits across most payment methods

• Applicable to all account types – Standard, Core, and Swap-Free

• Third-party charges may apply depending on the funding method

Payment Method Considerations:

• Bank Wire Transfers: Safe and commonly used. However, some banks may charge a transfer fee, which is outside OANDA’s control.

• Credit Cards: While OANDA does not charge deposit fees, your bank may apply interest or service charges for credit card transactions.

• E-wallets and other services: Generally processed without fees, but always check with your provider for any hidden costs.

OANDA Trading Platforms:

OANDA provides traders with a wide range of platform options, allowing users to trade seamlessly from any device—whether desktop, browser, or mobile. Based on various OANDA forex reviews, the broker is praised for offering both industry-standard platforms and its own proprietary solution, ensuring flexibility for every type of trader.

Available Trading Platforms:

• OANDA Desktop Platform – A robust application designed for advanced charting and trading functionality.

• OANDA Web Platform – Browser-based, no downloads required; ideal for traders who need quick access on any device.

• MetaTrader 4 (MT4) – Globally recognized for its reliability, EAs (Expert Advisors), and customizable charts.

• MetaTrader 5 (MT5) – An enhanced version of MT4 with more timeframes, order types, and integrated economic calendar.

• Mobile App – Trade anytime, anywhere with OANDA’s fully-featured mobile trading app (iOS & Android).

OANDA fxTrade Platform

One of OANDA’s standout features is its proprietary trading platform, fxTrade. Known for its clean interface and user-friendly design, fxTrade is built for both new and experienced traders. It supports:

• All major and minor instruments offered by OANDA

• Complex order types and one-click trading

• Real-time data and deep market insights

• Integrated analytics based on different OANDA account types

• Cross-device syncing to trade on web, desktop, or mobile with ease

Whether you prefer the familiarity of MetaTrader or the simplicity of fxTrade, OANDA provides a versatile and well-integrated trading experience across all platforms.

OANDA Education:

OANDA offers a comprehensive educational hub designed to help traders of all experience levels enhance their knowledge of Forex and CFD trading. From video tutorials to in-depth articles, the platform ensures that both beginners and advanced traders have access to valuable learning resources.

Key Features of OANDA’s Educational Offerings:

• Educational Videos – Cover key topics such as forex basics, trading strategies, CFD trading, and platform tutorials

• Written Articles & Guides – Detailed explanations on trading concepts, risk management, and market analysis

• Market Newsletters – Regular email updates with market trends, trading tips, and economic insights

• User-Friendly Format – Resources are structured for easy understanding, catering to both novice and experienced traders

Customer Service  

OANDA offers dependable customer service across multiple channels, ensuring that traders can get assistance whenever issues arise. The broker’s regular business operations run from Sunday to Friday, aligning with global forex market hours.

Support Availability by Channel:

• Live Chat: Available daily from 1 PM to 6 PM ET

• Email Support: 24/7 availability – traders can reach out anytime and expect timely responses

• Phone Support: Offered on a limited basis and may not always be available in all regions

No matter how you choose to contact them—whether via live chat, email, or occasionally by phone—you can expect a professional and knowledgeable support experience. OANDA’s customer service representatives are highly trained to resolve issues efficiently and guide traders with accurate information.