Change instrument, lot size, and hold duration. Compare OANDA against all 100 brokers live.
OANDA is a forex and CFD broker founded in 1996, headquartered in New York, USA. It is regulated by CFTC (licence 0325821), FCA (licence 542574), ASIC (licence 412981), IIROC (licence N/A), MAS (licence 200704926K), JFSA (licence 関東財務局長(金商)第2137号). The EUR/USD spread starts from 1.2 pips on a spread-only market-maker model — no separate commission, costs are built into the spread. The minimum deposit is $0. The broker offers 300+ tradable instruments. MetaTrader 4 and MetaTrader 5 are available. This page shows verified regulation data, a full trade cost breakdown, and how OANDA compares to 100 other brokers on real trading fees.
| Regulator | Licence number | Legal entity | Max leverage | Countries |
|---|---|---|---|---|
| CFTC Tier 1 — Strict |
0325821 |
OANDA Corporation | 50:1 | US |
| FCA Tier 1 — Strict |
542574 |
OANDA Europe Ltd | 30:1 | GB |
| ASIC Tier 1 — Strict |
412981 |
OANDA Australia Pty Ltd | 30:1 | AU, NZ |
| IIROC Tier 2 — Standard |
N/A |
OANDA (Canada) Corp | 30:1 | CA |
| MAS Tier 1 — Strict |
200704926K |
OANDA Asia Pacific Pte Ltd | 20:1 | SG |
| JFSA Tier 3 — Offshore |
関東財務局長(金商)第2137号 |
OANDA Japan Inc | 25:1 | JP |
| Hold duration | Spread cost | Commission | Swap (est.) | Total |
|---|---|---|---|---|
| Intraday (no overnight) | $12.00 | $0.00 | — | $12.00 |
| 1 night | $12.00 | $0.00 | $6.50 | $18.50 |
| 3 nights | $12.00 | $0.00 | $19.50 | $31.50 |
| 1 week | $12.00 | $0.00 | $45.50 | $57.50 |
| 1 month | $12.00 | $0.00 | $195.00 | $207.00 |
Swap rates are industry-typical estimates. Actual overnight rates vary per broker and change with interest rates. Commission is estimated from spread profile (Market Maker).
| Rank | Broker | Spread | Spread $ | Commission | Swap (est.) | Total |
|---|---|---|---|---|---|---|
| 1 | Pepperstone | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 2 | IC Markets | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 3 | FP Markets | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 4 | Exness | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 5 | Tickmill | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 6 | Eightcap | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 7 | RoboForex | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 8 | LiteFinance | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 83 | OANDA | 1.2 pips | $12.00 | $0.00 | $6.50 | $18.50 |
| MetaTrader | MT4 & MT5 available |
| Copy trading | No |
| Real stock ownership | No (CFD only) |
| Retail loss rate | 67.4% of retail accounts lose money |
| Inactivity fee | USD10/month after 12 months |
| Headquarters | New York, USA |
| Founded | 1996 |
Data sourced from official regulator registers (FCA, ASIC, CySEC, MAS and others), verified 2026-09-15. Spread figures are typical/minimum and may differ on live accounts. Trade cost estimates use standard lot sizes and typical industry swap rates. This page does not constitute financial advice. Read full OANDA review →