Independent broker review
OANDA Review 2026
- CFTC/NFA
- FCA
- ASIC
OANDA is a 1990s-origin FX specialist with a US CFTC/NFA retail business plus FCA and ASIC entities, known for fractional pricing and API access.
Last verified How we score brokers
Pros, cons and who it is not for
Pros
- Holds at least one tier-1 licence (FCA, ASIC, CySEC, DFSA, CFTC/NFA or FMA).
- Multiple legal entities are documented, so you can match the company in the client agreement.
- Published minimum deposit is $0, which is usable for a small live test.
- Islamic / swap-free accounts are published as available in supported regions.
Cons
- Swap-free status is region-dependent, not a global default.
- Advertised spreads start from 1.0 pip, which is wider than raw ECN-style accounts.
- Retail leverage is capped near 1:30 on the UK/EU/AU-style entities listed here.
Usually not for
- Traders who will only execute from TradingView.
Licenses and Legal Entities
Match the legal entity and license number below against the account agreement before you deposit.
Platform coverage
Schematic frames of the published platform stack. These are not live account captures and do not show profits, balances or fills.
Broker overview
Trading platforms
OANDA platform, MT4 in selected regions, and public APIs where offered.
Investor protection
US retail FX sits under CFTC/NFA rules. UK clients of OANDA Europe Limited may access FSCS where eligible. ASIC entity follows Australian retail CFD conduct rules.
Regional coverage
One of the few remaining US-regulated retail FX routes. UK and Australian residents should confirm the local company in the agreement.
Key features
- US retail FX via OANDA Corporation (NFA 0325821)
- OANDA Europe Limited FCA 542574
- OANDA Australia Pty Ltd AFSL 412981
- API-oriented FX workflows in supported regions
Verification log
Dated checks on this profile. 2026 is the first published score year.
- Published the 2026 8-pillar score for OANDA. This is the baseline year — earlier ranks are not backfilled.
- Directory entity check: licences, legal names and register URLs re-verified on this profile.