Global Forex Broker Inquiry
Site language:
Download App

Frequently asked questions

Is OANDA regulated?
Yes. OANDA is regulated by NFA/CFTC, FCA, IIROC, ASIC, MAS. The license number is NFA 0325821. You can verify the license on the relevant regulator's official register.
What is OANDA's minimum deposit?
The minimum first deposit on OANDA is $0. Some account types may have higher minimums — check the broker's official site for the latest figures.
Is OANDA safe to trade with?
OANDA operates under NFA/CFTC, FCA, IIROC, ASIC, MAS regulation and has been in operation since 1996. Always verify the current license status on the regulator's public register before depositing, and only deposit funds you can afford to risk on leveraged products.
Does OANDA accept US clients?
OANDA accepts US-resident clients through its US-regulated entity.
What is OANDA's maximum leverage?
Maximum leverage on OANDA is 50:1 US / 30:1 retail FCA. Retail leverage caps vary by jurisdiction — clients under tier-1 regulators (FCA, ASIC, CySEC) are capped lower than offshore-regulated clients.
Does OANDA support MetaTrader 4 / MT5?
Yes. OANDA supports MetaTrader 4 and/or MetaTrader 5 alongside its other platforms.
What platforms does OANDA offer?
OANDA offers trading via OANDA proprietary platform and MT4. Each platform has its own desktop and mobile versions where applicable.
How long do OANDA withdrawals take?
OANDA withdrawal processing time depends on the method: card withdrawals are typically same-day, e-wallets within 24 hours, and bank wires within 1–5 business days. KYC verification must be completed first.
Does OANDA charge withdrawal fees?
OANDA typically does not charge for withdrawals to your original deposit method. Some payment processors or banks may apply their own fees outside the broker's control. Check the broker's payment terms for current details.
Can I open a demo account with OANDA?
Yes. OANDA offers a free demo account with virtual funds so you can test the platform, practice strategies, and explore available markets before committing real capital.