OANDA Review 2026
Founded 1996 · New York, USA
Last updated: May 10, 2026
OANDA is a globally regulated forex broker with deep roots in currency data. It is highly respected for its transparent pricing, lack of minimum deposit, and strong support for US traders.
Min Deposit
$0
Spread From
1.0 pips
Max Leverage
1:50
Execution
30ms
TrustMetrics™ Score
96
out of 100
🛡️ Regulation & Safety30/30
💰 Trading Costs19/25
⚡ Platform & Execution23/20
🏦 Withdrawals & Support14/15
📚 Education & Tools14/10
OANDA Spreads & Fees Breakdown
Our automated tracking systems monitor OANDA's live pricing across all major trading sessions. Below is the historical average spread data for their most popular account type.
Instrument
Daily Average
London Session
NY Session
Asian Session
EUR/USD
Average: 1.2 pips
London: 1 pips
NY: 1.1 pips
Asian: 1.5 pips
GBP/USD
Average: 1.5 pips
London: 1.3 pips
NY: 1.4 pips
Asian: 2 pips
XAU/USD (Gold)
Average: 35 pips
London: 30 pips
NY: 32 pips
Asian: 45 pips
BTC/USD
Average: $40
London: N/A
NY: N/A
Asian: N/A
Non-Trading Fees
Inactivity Fee
$10 per month (after 12 months)
Deposit Fee
$0
Withdrawal Fee
$0 (First withdrawal of the month free, bank wires vary)
Frequently Asked Questions about OANDA Fees
Can US residents trade with OANDA?
Yes, OANDA Corporation is registered with the CFTC and is a member of the NFA, legally allowing them to offer forex trading to US residents.
Does OANDA offer MT4?
Yes, OANDA fully supports MetaTrader 4 alongside its award-winning proprietary platform, OANDA Trade.