FX trading
We offer competitive spreads and a range of powerful platforms.
Voted Most Popular Broker three years in a row (TradingView Awards 2022, 2021, 2020). Named Best in Class for Research and Ease of Use (ForexBrokers.com 2023 Annual Awards). Voted Best US Forex Broker (Compare Forex Brokers Awards 2023). Voted Best Low Cost Broker (ADVFN International Financial Awards 2023). Voted Best Forex Broker two years in a row (TradingView Broker Awards 2021, 2020). Awarded highest client satisfaction for mobile platform/app (Investment Trends 2021 US Leverage Trading Report, Margin Forex). Awarded highest overall client satisfaction (Investment Trends 2021 US Leverage Trading Report, Margin Forex).
Trading forex with OANDA
We offer two pricing models: spread-only or Elite Trader. Our pricing models are clear and transparent. The 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 on our trading platform. This mid-point fluctuates throughout the day as wholesale prices change.
Trade more, get more
Earn cash rebates from US$5 to US$17 per million with our Elite Trader program. Designed exclusively for our high volume traders, this is the program that gives you more, the more you trade.
Standard and Elite Trader accounts
See if you qualify for rebates with our Elite Trader program.
Fully regulated broker
We are a fully regulated forex broker, with offices in nine regions globally. We support regulatory oversight of the retail trading industry and the protection of our clients.
Popular forex pairs
Margin requirement will depend on the amount of leverage allowed. The maximum leverage allowed is determined by the regulators and may differ depending upon the instrument.
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
- It has a trading volume of $6 trillion per day
- The US dollar is the most widely traded currency in the world
The facts and figures above are referring to the interbank-market. OANDA customers do not have access to the interbank-market.
Benefits of FX trading
Forex is traded on margin, meaning you can gain a potentially higher market exposure by putting down just a small percentage of the full value of your trade. With forex trading, you can speculate when forex prices are rising as well as falling as compared to other currencies.
Reliability and speed
Forex prices can move quickly, especially during volatile market conditions. Our award-winning trading platform is engineered for reliability, helping to ensure that your trade is executed at the price you want.
Deposits and withdrawals
It is easy and straightforward to deposit and withdraw funds to and from your OANDA account. Funds can be deposited using debit card, wire transfer and ACH.
Costs of trading
We are upfront about our charges and fees, so you always know exactly how much you are paying when you trade with us. That includes costs for depositing and withdrawing funds, bank wire transfers, spreads, inactivity fees and more.
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.
Frequently asked questions
Our hours of operation coincide with the global financial markets. In the US, trading is available from approximately 5pm Sunday to 5pm Friday (New York time). Please note: there is a 6 minute daily break from 16:59 to 17:05 and these times are subject to change during daylight savings time.
Our deposit options vary based on the OANDA division with which you hold your account. Please check the relevant deposit funds section for more details on how to fund your account.
You can find a comprehensive list of available currency pairs and current spreads here.
To add pairs to your Rate list on the OANDA trading platform, go to Tools > User Preferences > Rates. To view all pairs on your MT4 platform, right-click any of the symbols listed in Market Watch section and choose "Show All".
Trusted by traders all over the world
With over 25 years of experience, OANDA offers leading tools, powerful platforms and transparent pricing.
Powerful partner tools and APIs
Identify potential trading opportunities using our powerful analysis tools and partner APIs.
3 ways to trade, plus MetaTrader 4 and TradingView
Our range of platforms include OANDA Trade web, mobile and tablet, as well as TradingView and MetaTrader 4.
Trade cryptos
Through our partnership with Paxos, you can spot trade cryptocurrencies on Paxos's itBit exchange through OANDA’s platform. No mark-up on your crypto trades.