OANDA Journal

Journal status: live
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OANDA Profile
Year
1996
Country
US
Branches
7
Regulation
CFTC US, SEC US
Registration
CFTC US, SEC US, IIROC Canada, FCA UK, MA Singapore, ASIC Australia, FFAJ Japan, MFSA Malta
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
х North Korea
Broker type
MM
Dealing book
B-book
Tier
3
Execution speed
12 ms
LPs total
26
LPs quality
Tier-1 Banks, Tier-2 PoPs, Non-banks, ECNs
LPs names
BNP Paribas, Bank of America, Citadel Securities, Citibank, Credit Suisse, Currenex, Deutsche Bank, EBS, FastMatch, Gemini Trust Company, Goldman Sachs, HSBC, Interactive Brokers, JPMorgan, Jefferies, Jump Trading, MUFG, Morgan Stanley, RBS, Societe Generale, Standard Chartered, State Street, UBS, XTX Markets

OANDA Accounts
MM
Minimum Deposit
1 $
Leverage
50 : 1
Minimum Lot
0.00001 lots
EURUSD spread
1 pips
Commission
0 $/lotRT
Volume
100 lots
Margin Call
50 %
Stop Out
50 %
Execution
Market
Spread
floating
Scalping
yes
Deposit & Fees
Deposit methods
Bank Wire, Debit Card, Trustly
Base currency
USD, EUR, GBP, CAD, SGD, HKD, AUD
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after 12 months
Update broker

Is OANDA safe?

  • Investor protection: no
  • Regulation: CFTC US, SEC US
  • Registration: CFTC US, SEC US, IIROC Canada, FCA UK, MA Singapore, ASIC Australia, FFAJ Japan, MFSA Malta
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: yes
  • Negative Balance Protection: yes

Is OANDA trusted?

  • Information transparency: sufficient ★★★
  • Customer service: ...
  • OANDA website: uninformative, updated ★★
  • OANDA popularity (by visitor count): top visited ★★★★★

How OANDA works



OANDA broker provides Instant execution on all accounts and, as a Market Maker, acts as a counterparty to all trades.

“Trade” means an Order executed by OANDA, acting as counter-party.

2. OANDA Services... OANDA will:
(b) Act as a counter-party for your Trades; and

After the Trade is executed, OANDA hedges the Margin Closeout Trades by executing the following trades with liquidity providers.



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