Item: OANDA
Rating: 4.4

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Written by David Johnson

Edited by Jason Peterson

Fact checked by Angelo Martins

Human moderated by Jason Peterson

Last updated March 2025

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Live Spreads
User reviews
Overall rating
Regulation
Available Assets
Live Swap Rates
Profile

Live Spreads

Brokers	Forex				Commodities
Brokers	EURUSD	GBPJPY	AUDNZD	Average	XAUUSD	XAGUSD	Average
OandaCommission - free	1.11	3.53	2.08	2.24	-	-	-
HFM - Zero SpreadCharging Commission	0.65	1.54	2.88	1.69	0.21	0.041	0.12
Pepperstone - StandardCommission - free	1.04	1.84	1.97	1.62	0.36	0.024	0.19
HFM - PremiumCommission - free	2.08	3.85	4.20	3.38	0.36	0.041	0.20
Admirals - TradeCommission - free	0.25	2.83	2.35	1.81	0.38	0.030	0.21
IC Markets - StandardCommission - free	0.73	1.79	1.59	1.37	0.17	0.018	0.09
Pepperstone - RazorCharging Commission	0.76	2.07	2.30	1.71	0.40	0.019	0.21
IC Markets - Raw SpreadCharging Commission	0.89	2.32	2.39	1.87	0.19	0.019	0.10

Brokers	Forex				Commodities
Brokers	EURUSD	GBPJPY	AUDNZD	Average	XAUUSD	XAGUSD	Average
OandaCommission - free	1.11	3.53	2.08	2.24	-	-	-
HFM - Zero SpreadCharging Commission	0.65	1.54	2.88	1.69	0.21	0.041	0.12
Pepperstone - StandardCommission - free	1.04	1.84	1.97	1.62	0.36	0.024	0.19
HFM - PremiumCommission - free	2.08	3.85	4.20	3.38	0.36	0.041	0.20
Admirals - TradeCommission - free	0.25	2.83	2.35	1.81	0.38	0.030	0.21
IC Markets - StandardCommission - free	0.73	1.79	1.59	1.37	0.17	0.018	0.09
Pepperstone - RazorCharging Commission	0.76	2.07	2.30	1.71	0.40	0.019	0.21
IC Markets - Raw SpreadCharging Commission	0.89	2.32	2.39	1.87	0.19	0.019	0.10

We analyze the combined spread and commission cost averaged over time. The table above displays combined spread and commission costs sampled from live accounts using our spread analyzer tool. To compare OANDA to other brokers or symbols than the ones shown, click the orange edit button and select new brokers or symbols.

The spread is the difference between the bid (sell) and ask (buy) price of an asset. Commission is also charged on top of the spread on some account types and constitutes an additional transaction cost.

OANDA User reviews

0.0

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Ranked 114 out of 1746 (Forex Brokers)

OANDA Overall rating

4.4

Ranked 24 out of 1746 (Forex Brokers)

Overall rating is derived from an aggregate of ratings in multiple categories.

	Rating	Weight
Popularity	4.0	3
Regulation	5.0	2
User rating	Not rated	3
Pricing rating	Not rated	1
Features	Not rated	1
Customer Support	Not rated	1

Regulation

Company	Licenses & Regulations	Deposit Compensation Scheme	Max. Leverage Retail Clients
OANDA Australia Pty Ltd	Australia - AU ASIC		30 : 1
OANDA Europe Limited	United Kingdom - UK FCA	up to £85,000	30 : 1
OANDA Japan Co., Ltd	Japan - JP FSA		25 : 1
OANDA Europe Markets Ltd	Malta - MT MFSA	up to €20,000	30 : 1
OANDA Global Markets Ltd	Virgin Islands, British - BVI FSC		200 : 1
OANDA Asia Pacific Pte Ltd	Singapore - SG MAS		50 : 1

Available Assets: Search all tradable instruments

The live symbol search above is taken from live accounts synced to our system.

CFDs (Contracts for Difference) allow traders to speculate on the price movement of various assets without owning the underlying asset. This can provide leverage and flexibility but can also increase risk.

Live Swap Rates

Swap Rate: Long Position

Swap Rate: Short Position

Swap Rate Calculation Method

Brokers	Forex				Commodities
Brokers	EURUSD	GBPJPY	AUDNZD	Average	XAUUSD	XAGUSD	Average
IC Markets	-0.770.35 Pips	1.32-2.50 Pips	0.19-0.69 Pips	-0.35	-51.1126.34 Points	-3.420.75 Points	-6.86
HFM	-0.850.00 Pips	0.00-3.11 Pips	-0.24-0.46 Pips	-0.78	-46.970.00 Points	-4.40-2.10 Points	-13.37
Pepperstone	-0.840.38 Pips	0.70-2.56 Pips	-0.07-0.49 Pips	-0.48	-49.5326.77 Points	-2.63-0.38 Points	-6.44
Admirals	-1.080.04 Pips	0.96-3.42 Pips	-0.59-0.55 Pips	-0.77	-648.68347.86 Points	-6.35-4.72 Points	-77.97

Brokers	Forex				Commodities
Brokers	EURUSD	GBPJPY	AUDNZD	Average	XAUUSD	XAGUSD	Average
IC Markets	-0.770.35 Pips	1.32-2.50 Pips	0.19-0.69 Pips	-0.35	-51.1126.34 Points	-3.420.75 Points	-6.86
HFM	-0.850.00 Pips	0.00-3.11 Pips	-0.24-0.46 Pips	-0.78	-46.970.00 Points	-4.40-2.10 Points	-13.37
Admirals	-1.080.04 Pips	0.96-3.42 Pips	-0.59-0.55 Pips	-0.77	-648.68347.86 Points	-6.35-4.72 Points	-77.97
Pepperstone	-0.840.38 Pips	0.70-2.56 Pips	-0.07-0.49 Pips	-0.48	-49.5326.77 Points	-2.63-0.38 Points	-6.44

Brokers	Forex				Commodities
Brokers	EURUSD	GBPJPY	AUDNZD	Average	XAUUSD	XAGUSD	Average
IC Markets	-0.770.35 Pips	1.32-2.50 Pips	0.19-0.69 Pips	-0.35	-51.1126.34 Points	-3.420.75 Points	-6.86
HFM	-0.850.00 Pips	0.00-3.11 Pips	-0.24-0.46 Pips	-0.78	-46.970.00 Points	-4.40-2.10 Points	-13.37
Pepperstone	-0.840.38 Pips	0.70-2.56 Pips	-0.07-0.49 Pips	-0.48	-49.5326.77 Points	-2.63-0.38 Points	-6.44
Admirals	-1.080.04 Pips	0.96-3.42 Pips	-0.59-0.55 Pips	-0.77	-648.68347.86 Points	-6.35-4.72 Points	-77.97

Data from the table above is taken from live accounts using our swap rate analyzer tool. To compare the swap rates of different brokers or symbols than the ones shown, click the orange edit button.

Swap rates, also known as financing fees, are charged by brokers for holding positions overnight. These fees can either be positive or negative. Positive swap rates pay out to the trader, while negative swap rates incur a cost.

OANDA Profile

Company Name	OANDA
Categories	Forex Brokers, Cryptocurrency Brokers, Stock Brokers
Primary Category	Forex Brokers
Year Founded	1996
Office Locations	Australia, Canada, Germany, Japan, Malta, Singapore, United Kingdom
Account Currency	EUR, SGD, USD, HKD
Support Languages	English
Funding Methods	Bank Wire, Credit/Debit Card, Neteller, Skrill
Financial Instruments	Forex, Shares, Indices, Oil/Energies, Cryptocurrencies, Metals, ETFs, Soft Commodities (coffee, sugar...)
Prohibited Countries	China, Hong Kong, India, South Korea, New Zealand, Russia

Segregated Accounts

Accepts Canadian clients

Accepts Japanese Clients

Negative balance protection

Regulatory deposit insurance

Trailing stops

Variable spread

OANDA User reviews

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Ranked 114 out of 1746 (Forex Brokers)

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After FTMO Acquisition Deal, OANDA Signals Independence in Prop Trading

2 months ago

News Discussion Forum

By Finance Magnates

After FTMO Acquisition Deal, OANDA Signals Independence in Prop Trading

Barely a month after the landmark acquisition of OANDA by the Czech-based prop trading giant FTMO, the latter is boosting its prop trading business, the latest being a new prop trading community br...

oanda

FTMO