OANDA Review US 2026

Is OANDA safe? CFTC and NFA registration, OANDA Corporation

Yes, OANDA Corporation is registered with the CFTC and is an NFA member, and the registrations in the table below print their effective dates. The firm carries the Forex Dealer Member designation and does business as FXTRADE.COM and OANDA (NFA BASIC, read September 23, 2026). An NFA ID identifies the firm on BASIC: it is not a license.

CFTC registration and NFA membership

The table above shows both CFTC registrations, the NFA membership, and the Forex Dealer Member designation with their dates. BASIC lists three regulatory actions against this NFA ID, of which two are NFA actions and one is a CFTC action, and the case documents sit on BASIC for any reader to open.

This page covers OANDA Corporation, the US entity; for the brand’s platforms and pricing worldwide, read our global review of OANDA.

OANDA client money

A US retail forex client contracts with OANDA Corporation, the firm whose registrations the table above prints.

OANDA Corporation in the CFTC’s financial data

The firm’s retail forex obligation was US$132,445,959 in July 2026, second of six firms reporting (the CFTC’s financial data for July 2026). Its adjusted net capital was US$33,191,483 for the same month. Across the twelve months from August 2025 to July 2026, the obligation reached a high of US$148,444,226.

OANDA at a glance: 2 key facts

OANDA spreads and commission

The figures below are the US site’s own advertised numbers, and I have not measured any of them on a US account. Check the spread in the demo before you trade.

Spread-only pricing

The US site advertises EUR/USD at 1.4 pips in a table headed “Spread”, with no basis word printed beside it (the site’s pricing page).

Core pricing

The site states that core spread and commission pricing is available to clients who have a balance of US$10K or greater.

Commission

On spread-only pricing, the site says the commission is wrapped into the spread it offers. Core pricing adds a commission on top of the spread.

What it costs to trade with OANDA

OANDA funding methods

Our team opened a live Spread-only account at OANDA Corporation. Approval was instant in this application, and no ID upload was requested. We funded the account by ACH through Plaid with a $200 deposit, of which OANDA made $100 available immediately as an ACH advance while the remainder was subject to a stated wait of up to five business days. The advance appears in the funding history as its own entry, which our team confirmed was a credit on the deposit rather than an additional deposit.

I would treat this as evidence that opening and funding went smoothly for us, not as a promise of the same result for you. The records we reviewed contain no completed withdrawal from this account, so I cannot tell you how that side of the workflow performs. This check covered the application and deposit process only; we have not measured US spread averages or execution speed, and those questions need their own testing.

Before your first deposit, check the funding page for any limit on whichever route you plan to use.

OANDA account types and minimum deposit

OANDA trading platforms

The platforms page on the US site names OANDA Trade, TradingView, and MetaTrader 4.

OANDA Trade

The site describes OANDA Trade as fully customizable, web-based, with apps for mobiles and tablets.

OANDA app

OANDA's app OANDA - Forex trading is rated 4.7 out of 5 from 23,937 ratings on the United States App Store, checked Oct 1, 2026.

OANDA - Forex trading broker is rated 4.6 out of 5 on Google Play (United States store) from 8.77K reviews shown worldwide, checked Oct 1, 2026.

View on the App StoreView on Google Play

OANDA execution speed and slippage

Our global panel of 36 brokers puts OANDA’s market orders at 84 ms, second fastest on the panel, and its limit orders at 86 ms, fifth. These are global figures from our broker test, and we have not measured execution speed on a US account, so I would not read them as a US result. Our US account-opening and funding checks, which you can read in the deposits section, looked at the application and deposit process only, not at how fast orders fill.

A fill time tells you how long an order took, not what price it got, so I would not read either rank as a promise on slippage. If execution matters to your strategy, I would watch your fills in the demo and compare them with the entries you intended; your own fills are the only slippage evidence that counts for your account.

OANDA markets and currency pairs

The US site states you can “access prices on 68 FX pairs”. The US site states no futures or options product.

OANDA leverage and margin for US clients

The site’s margin, FIFO and hedging statements are in the table below. The security deposit rule is separate: 17 CFR 5.9(a)(1) sets a security deposit of 2% of notional value on major currency pairs (50:1, our arithmetic) and 5% on all others (20:1, our arithmetic). NFA Compliance Rule 2-43(b) provides that a Forex Dealer Member may not carry offsetting positions in a customer account and offsets positions first in, first out.

How OANDA compares with tastyfx and FOREX.com

On the pricing the sites themselves state, tastyfx advertises a Standard EUR/USD minimum spread of 0.8 pips, Prime at 0.6 pips and Zero+ at 0 pips, with commissions of US$0, US$0, and US$5 per lot across those accounts. FOREX.com advertises 1.2 pips as a minimum on its spread-only account and 0.1 pips typical on RAW pricing, with US$7 per US$100k traded on RAW. OANDA’s own spread and commission sit in the table earlier on this page.

On our global broker test, the same basis for every firm, tastyfx scores 68.2 out of 100 and ranks second of six in the rated US set, and FOREX.com scores 67.6 out of 100 and ranks third. OANDA’s global published score is higher than both, and the basis is the same global test, not a US one.

Platform priorities should drive this choice. I would keep OANDA when its OANDA Trade platform, alongside TradingView and MetaTrader 4, matches the way a trader works. MetaTrader 5 is a reason to consider FOREX.com instead, and the FOREX.com review covers that option. ProRealTime is a reason to consider tastyfx, and the tastyfx review covers that setup.

What other review sites say about OANDA

These are ratings of OANDA from other platforms, read on the date shown and expressed on each platform's scale, so you can weigh them against our own score.

Platform	Rating	Volume	Read on
Trustpilot	3.5 / 5	1,238	Oct 1, 2026
TradingView	4.5 / 5	33,932	Oct 2, 2026

OANDA holds a Trustpilot rating of 3.5 out of 5 from 1,238 reviews, checked Oct 1, 2026.

On TradingView, OANDA is rated 4.5 out of 5 from 33,932 ratings, checked Oct 2, 2026. The TradingView profile for OANDA shows 333.1K traders, the count of those who have connected an account through TradingView. TradingView shows the Best 2025 badge on the profile.

App Store and Google Play ratings for OANDA

Our score is based on published criteria and is not influenced by these third-party ratings.

Should you open an account with OANDA?

Yes, I would open an account with OANDA Corporation if I wanted spot forex with no minimum deposit by wire transfer and a long registration record on NFA BASIC.

The score that leads our rated US set is global, not a test of this entity, and the site states CFDs are off limits to US residents, so check that your markets are covered before you go further. Before you deposit, I would read the firm’s BASIC profile under its NFA ID and the regulatory action documents there, then confirm the pricing and margin terms you saw on the US site still hold.