Forex CFD trading
Voted Best Forex and CFD Broker 2021 (TradingView Broker Awards 2021)
Trade EUR/USD and EUR/GBP from 0.8 pips and GBP/USD from 0.9 pips, with market depth available on all our forex pairs. Our range of platforms include the award-winning OANDA Trade platform and MetaTrader 4.
Standard trading account
24-hour support when the markets are open, fully automated execution, choice of trading platforms and more.
You can also take a spread betting position on our full range of forex pairs. Spread betting is a tax-free* alternative to conventional trading and is exempt from stamp duty and capital gains tax (CGT) in the UK.
Trade forex CFDs using the MetaTrader 4 platform - the globally renowned trading platform. Our custom-built bridge combines OANDA’s pricing and execution with MT4’s charting and analysis.
Popular forex pairs
Margin reflective of 30:1 max leverage
*The maximum leverage for each asset class that OANDA (Europe) Limited can offer its retail clients is governed by the requirements of the Financial Conduct Authority (FCA) and European Securities and Markets Authority (ESMA). These restrictions do not apply to clients who are categorised as Professional, where OANDA (Europe) Limited determines the leverage that applies.
What is FX trading?
Forex trading is the buying or selling of one country’s currency in exchange for another. Forex is one of the most liquid markets in the world, with a trading volume of $6 trillion per day. The US dollar is the most widely traded currency in the world. We offer forex trading as a CFD.
Benefits of FX trading
You can trade forex CFDs using leverage, meaning you can gain a potentially higher market exposure by putting down just a fraction of the full value of your trade. Higher exposure leads to bigger ups and bigger downs. With forex trading, you can speculate when one currency is rising as well as falling as compared to other currencies.
Our pricing engine aggregates live prices, in real time, from our liquidity providers and calculates a mid-point. A custom-built pricing algorithm automatically calculates the spread symmetrically around the mid-point for each tradable instrument. This mid-point fluctuates throughout the day as market prices change.
Forex prices can move quickly, especially during volatile market conditions. Our award-winning** trading platform is engineered for reliability and speed.
Costs of trading
Fairness and transparency are at the heart of everything we do. We are upfront about our charges and fees, so you always know exactly how much you are paying when you trade with us. Learn about our costs for depositing and withdrawing funds, bank wire transfer, spreads, inactivity fees and more.
Funding and withdrawals
It is simple and straightforward to deposit and withdraw funds to and from your OANDA trading account. Funds can be deposited using a number of methods, including credit and debit card, online banking and bank wire transfer.
Ready to start trading? Open an account in minutes
Already have a live trading account? It's easy to fund your account using one of the following payment methods.
*All profits made in spread betting are exempt from UK Capital Gains Tax and UK stamp duty. UK and Irish tax laws are subject to change and individual circumstances may vary.
**Best Trading Tools winner (Online Personal Wealth Awards 2021). Awarded highest client satisfaction for telephone customer service (Investment Trends 2021 UK Leverage Trading Report, Industry Analysis). Voted Best Forex and CFD Broker 2021 (TradingView Broker Awards 2021). Most Popular Broker (TradingView Broker Awards 2021).
Protect your trades with a GSLO
Protect your positions from market gapping and slippage with a GSLO. Available on indices, gold and forex.
3 ways to trade, plus TradingView and MetaTrader 4
Our range of platforms include OANDA Trade web, mobile and tablet, as well as TradingView and MetaTrader 4.
Take a CFD position on metals
Our spreads are competitive, starting from just 25 cents per troy ounce for gold.