OANDA
US-regulated forex broker with decades of market data
Platform Overview
OANDA is a US-headquartered forex and CFD broker regulated by CFTC, NFA, FCA, ASIC, IIROC, and MAS. Founded in 1996, OANDA is known for its proprietary exchange rate data, flexible lot sizes, and strong regulatory standing.
Company Information
- Registered Company Name
- OANDA Corporation
- Brand Name
- OANDA
- Headquarters
- United States
- Year Established
- 1996
- Parent Company
- OANDA Corporation
- Publicly Listed
- No
Percentage of retail investor accounts that lose money when trading CFDs with this provider.
Transparency Signals
Strong transparency across key operational dimensions
Complex multi-entity regulatory structure
- Multi-entity corporate structure across multiple jurisdictions
Complex multi-entity corporate structure across multiple regulatory jurisdictions
Trust Dimension Breakdown
Measures the completeness and verifiability of platform disclosures including regulatory filings, operational transparency, and transparency improvement efforts.
Evaluates regulatory standing, jurisdictional oversight quality, institutional engagement, and regulatory tier classification.
Assesses fund safety mechanisms, complaint history, complaint resolution track record, and customer service quality.
Reflects market standing, research commentary, expert-assessed execution quality, and liquidity reliability.
Evaluates platform uptime, technical reliability, customer service responsiveness, and operational transparency.
Measures industry contribution through education initiatives, research collaboration, ESG programs, and investor awareness efforts.
Regulatory Intelligence
Brand Name
Legal Entities
Regulatory References
Regulatory information displayed here is compiled from public registries, third-party sources, and platform self-declarations. IFCCI does not guarantee the completeness or accuracy of this information. Always verify directly with the relevant regulatory authority.
Regional Market Signals
Malaysia Market
Asia Pacific
Global Market
Reputation Summary
987 Overall Score
Areas of Concern (0.71% resolved)
Avg. response (0.75%)
Strengths
- Competitive profit split ratios for funded traders
- Clear challenge rules and evaluation criteria
- Growing community with active trader support
Areas of Concern
- Relatively short operational history
- Response time to complaints needs improvement
- Limited regulatory oversight typical of prop firm model
Expert Consensus
Niche prop trading firm with competitive profit splits. Limited track record compared to established brokers.
IFCCI Verdict
Moderate transparency. Prop trading model requires different evaluation criteria. Payout history is documented but limited in duration.
Community Verdict
Regulatory Licenses
CFTC
- License Number
- 0325821
- Jurisdiction
- United States
- License Type
- RFED
NFA
- License Number
- 0325821
- Jurisdiction
- United States
- License Type
- NFA Member
FCA
- License Number
- 542574
- Jurisdiction
- United Kingdom
- License Type
- Full Licence
ASIC
- License Number
- 412981
- Jurisdiction
- Australia
- License Type
- AFSL
IIROC
- License Number
- Member
- Jurisdiction
- Canada
- License Type
- IIROC Member
MAS
- License Number
- CMS100399
- Jurisdiction
- Singapore
- License Type
- CMS Licence
Internal Transparency
Transparency profile visualization
Trading Conditions
| Instrument | Spread |
|---|---|
| EUR/USD | 1.1 pips |
| GBP/USD | 1.3 pips |
| USD/JPY | 1.0 pips |
| XAU/USD | 0.35 pips |
- Commission
- Zero (spread-only); $5 per 100k traded (Premium)
- Inactivity Fee
- $10/month after 12 months (non-US)
- Deposit Fees
- Free
- Withdrawal Fees
- Free (bank wire fees may apply)
- Withdrawal Processing Time
- 1-2 business days
Technology Stack
Technology Stack
Platform Infrastructure
Technical
- Server Locations
- New YorkLondonSingaporeTokyo
- Average Execution Speed
- < 12ms
Safety & Protection
- Compensation Scheme
- FSCS (UK), CIPF (Canada)
Operational Details
- Supported Languages
- English, Chinese, Japanese, German, French
- Support Channels
- Live ChatEmailPhone
- Payment Methods
- Bank TransferCredit CardDebit CardPayPal
Community Snapshot
Category Breakdown
Platform Responses
Infrastructure Upgrade Following NFP Connectivity Issue
OANDA has completed a thorough post-incident analysis of the brief connectivity disruption experienced during the US Non-Farm Payroll release on January 10, 2026. Root cause was identified as an auto-scaling delay in our cloud infrastructure. We have since implemented pre-event capacity provisioning for all high-impact economic data releases and added a secondary failover endpoint for the Asia-Pacific region. No client orders were adversely affected during the incident.
IFCCI confirms the platform implemented infrastructure changes as described. Follow-up monitoring during subsequent NFP releases showed no recurrence of the issue.
IFCCI Research Responses
Research Timeline
Initial observations suggest that this platform's fee disclosure documentation does not clearly distinguish between spread markups and commission charges across its account tiers. IFCCI notes that transparent fee structures are a hallmark of well-regulated platforms. This observation is based on publicly available information and does not imply regulatory non-compliance. Further review of the platform's Product Disclosure Statement (PDS) is ongoing.
Consumer Awareness Reports
Submit a Complaint
Platform Comparison
| Regulatory Tier | Tier 1 | Tier 1 |
| Transparency Signals | 9.5/10 | 9.5/10 |
| Minimum Deposit | $0 | $200 |
| Maximum Leverage | Up to 1:50 (US) / 1:200 (non-US) | Up to 1:500 |
| Spread Type | Variable | Raw Spread / Standard |
| Execution Model | Market Maker | ECN |
| Year Established | 1996 | 2007 |
| Trading Products | 6 | 8 |
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Information presented is compiled from publicly available regulatory sources and user submissions. IFCCI does not make recommendations or endorsements. Users should conduct independent due diligence.
Legal Disclaimer
The IFCCI Transparency Programme is an independent research initiative and does not constitute regulatory supervision, professional financial advice, or official compliance certification. All findings represent research-based observations intended to contribute to financial industry transparency discourse and informed evaluation. FinScope is a technology platform developed to support the programme’s public-facing digital interface.