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	1.10	3.62	2.07	2.26	-	-	-
IC Markets - StandardCommission - free	0.73	1.88	1.42	1.34	0.19	0.019	0.11
HFM - Zero SpreadCharging Commission	0.64	1.57	2.89	1.70	0.20	0.041	0.12
Pepperstone - RazorCharging Commission	0.78	2.31	2.51	1.87	0.19	0.019	0.11
Admirals - TradeCommission - free	0.22	3.19	2.52	1.98	0.33	0.033	0.18
Pepperstone - StandardCommission - free	1.08	2.27	2.28	1.88	0.20	0.019	0.11
IC Markets - Raw SpreadCharging Commission	0.83	2.24	1.97	1.68	0.19	0.019	0.11
HFM - PremiumCommission - free	2.07	3.74	4.20	3.34	0.35	0.041	0.20

Brokers	Forex				Commodities
Brokers	EURUSD	GBPJPY	AUDNZD	Average	XAUUSD	XAGUSD	Average
OandaCommission - free	1.10	3.62	2.07	2.26	-	-	-
IC Markets - StandardCommission - free	0.73	1.88	1.42	1.34	0.19	0.019	0.11
HFM - Zero SpreadCharging Commission	0.64	1.57	2.89	1.70	0.20	0.041	0.12
Pepperstone - RazorCharging Commission	0.78	2.31	2.51	1.87	0.19	0.019	0.11
Admirals - TradeCommission - free	0.22	3.19	2.52	1.98	0.33	0.033	0.18
Pepperstone - StandardCommission - free	1.08	2.27	2.28	1.88	0.20	0.019	0.11
IC Markets - Raw SpreadCharging Commission	0.83	2.24	1.97	1.68	0.19	0.019	0.11
HFM - PremiumCommission - free	2.07	3.74	4.20	3.34	0.35	0.041	0.20

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

(0)

Ranked 113 out of 1740 (Forex Brokers)

22 July 2021

Approved reviewer

Location: Portugal

22 July 2021

1.0

Approved reviewer

This broker is a scam, they delete profits and dont answer why! This is the most insane, stealing from costumers and share they are the best broker????? WHAT A SCAM!

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13 April 2021

Approved reviewer

Location: Kazakhstan

13 April 2021

1.0

Approved reviewer

Пополнение бесплатное, но вывод средств даже на карту Visa, с которой пополнялись будет с конской комиссией в 3,2%! При этом персональный менеджер будет врать, что брокер ничего не берет и сваливает на банк, но по запросу подтверждения с банка сразу сливается.

Translation:
Replenishment is free, but withdrawal of funds even to a Visa card, with which they were replenished with a horse commission of 3.2%! In this case, the personal manager will lie that the broker does not take anything and dumps it on the bank, but upon request of confirmation from the bank, it immediately merges.

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18 February 2020

Verified reviewer

Location: India

Account types: Classic, Starter,

18 February 2020

3.0

Verified reviewer

I have been trading for over a decade now and have used services of Orbex. The spreads and rebates on Orbex have been good. Even for a small deposit of $1000, they assign a relationship manager who can be contacted easily. Otherwise also the customer response is prompt. Deposit and Withdrawal is free but there are some conditions which you have to check properly. Leverages will vary depending on where has the account been opened due to regulation. Deposit bonus is mostly absent but for higher deposit they give you some special spreads on majors.

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10 December 2019

Verified reviewer

Location: Hong Kong

10 December 2019

3.0

Verified reviewer

have many supportive facilities like live chat, webinar and on time email updates, the only drawback is that the spread of pairs are too big

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OANDA Overall rating

4.4

Ranked 23 out of 1740 (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	-0.790.36 Pips	1.46-2.86 Pips	-0.05-0.35 Pips	-0.37	-44.7523.60 Points	-0.86-1.25 Points	-5.82
HFM	-0.910.00 Pips	0.00-3.71 Pips	-0.29-0.58 Pips	-0.91	-43.020.00 Points	-4.50-2.60 Points	-12.53
Pepperstone	-0.790.35 Pips	0.71-2.64 Pips	-0.13-0.40 Pips	-0.48	-44.8823.63 Points	-1.73-1.66 Points	-6.16
Admirals	-1.080.04 Pips	0.96-3.42 Pips	-0.59-0.55 Pips	-0.77	-576.79267.39 Points	-5.72-5.23 Points	-80.09

Brokers	Forex				Commodities
Brokers	EURUSD	GBPJPY	AUDNZD	Average	XAUUSD	XAGUSD	Average
IC Markets	-0.790.36 Pips	1.46-2.86 Pips	-0.05-0.35 Pips	-0.37	-44.7523.60 Points	-0.86-1.25 Points	-5.82
HFM	-0.910.00 Pips	0.00-3.71 Pips	-0.29-0.58 Pips	-0.91	-43.020.00 Points	-4.50-2.60 Points	-12.53
Admirals	-1.080.04 Pips	0.96-3.42 Pips	-0.59-0.55 Pips	-0.77	-576.79267.39 Points	-5.72-5.23 Points	-80.09
Pepperstone	-0.790.35 Pips	0.71-2.64 Pips	-0.13-0.40 Pips	-0.48	-44.8823.63 Points	-1.73-1.66 Points	-6.16

Brokers	Forex				Commodities
Brokers	EURUSD	GBPJPY	AUDNZD	Average	XAUUSD	XAGUSD	Average
IC Markets	-0.790.36 Pips	1.46-2.86 Pips	-0.05-0.35 Pips	-0.37	-44.7523.60 Points	-0.86-1.25 Points	-5.82
HFM	-0.910.00 Pips	0.00-3.71 Pips	-0.29-0.58 Pips	-0.91	-43.020.00 Points	-4.50-2.60 Points	-12.53
Pepperstone	-0.790.35 Pips	0.71-2.64 Pips	-0.13-0.40 Pips	-0.48	-44.8823.63 Points	-1.73-1.66 Points	-6.16
Admirals	-1.080.04 Pips	0.96-3.42 Pips	-0.59-0.55 Pips	-0.77	-576.79267.39 Points	-5.72-5.23 Points	-80.09

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

0.0

(0)

Ranked 113 out of 1740 (Forex Brokers)

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After FTMO Acquisition Deal, OANDA Signals Independence in Prop Trading

a month ago

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After FTMO Acquisition Deal, OANDA Signals Independence in Prop Trading

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