Overview
OANDA Corporation is a global forex broker and technology company founded in 1996 by Dr. Michael Stumm and Dr. Richard Olsen. Headquartered in New York with offices worldwide, OANDA is one of the most established and trusted names in online forex trading. The company was a pioneer in providing free online currency exchange rate data and has been at the forefront of forex technology for nearly three decades.
OANDA is regulated by CFTC/NFA (US), FCA (UK), ASIC (Australia), IIROC (Canada), MAS (Singapore), and FSA (Japan). The broker is known for its transparent pricing, flexible lot sizes (no minimum trade size), and robust API for algorithmic trading.
OANDA distinguishes itself with its proprietary fxTrade platform, extensive historical currency data, and developer-friendly REST API. The company does not operate a dealing desk and provides access to deep liquidity for competitive spreads. OANDA is particularly popular among US-based forex traders due to its full CFTC/NFA regulation.
Key Features
- No minimum trade size: Trade from 1 unit of currency (micro-lots)
- Flexible lot sizes: Trade any amount, no standard lot requirements
- fxTrade platform: Proprietary platform with advanced charting
- REST API v20: Full-featured API for algorithmic trading (Python, Java, Node.js)
- Historical data: Free access to decades of historical forex rates
- No requotes: Fair execution policy with no dealing desk
- US regulated: One of few forex brokers fully regulated in the US
- TradingView integration: Direct trading via TradingView charts
Supported Markets
| Market Type | Details | |-------------|---------| | Forex | 70+ currency pairs | | Indices | 16 global index CFDs | | Commodities | Gold, silver, oil, natural gas, copper | | Bonds | US Treasury bond CFDs | | Metals | Precious metals CFDs | | Crypto | BTC, ETH, LTC CFDs (non-US) |
Fee Structure
| Type | Fee | |------|-----| | Forex spread (EUR/USD) | From 1.0 pip (Standard), from 0.2 pip (Core) | | Core Pricing commission | $3.50 per 100K per side | | Index CFDs | From 1.0 point (US500) | | Account minimum | $0 | | Deposit/Withdrawal | Free | | Inactivity fee | $10/month after 12 months (non-US) |
Platforms & Interfaces
- fxTrade: Proprietary web and desktop platform
- MetaTrader 4: Available in select regions
- MetaTrader 5: Available in select regions
- TradingView: Direct broker integration
- OANDA Mobile: iOS and Android apps
- REST API v20: Full trading and data API
Regulation
- CFTC / NFA (United States)
- FCA (United Kingdom)
- ASIC (Australia)
- IIROC (Canada)
- MAS (Singapore)
- FSA (Japan)
Getting Started
- Open an account at oanda.com — Standard or Premium
- Verify identity with government ID
- Fund via bank transfer, card, or e-wallet (no minimum)
- Use fxTrade, MT4/5, TradingView, or API to start trading