RegulationCFTC, FCA, ASIC, MAS
Min. deposit$0
Leverage1:1 – 1:200
PlatformsMT4, MT5, propia, TradingView
InstrumentsForex & CFDs
Founded1996
🏛️ Which entity will open your account?
📍 Pick your country above and we'll tell you exactly which entity opens your account at OANDA.
How is this decided and how do I verify it? →Regulation by region
The entity you sign with — and your protection — changes depending on where you live.
United Kingdom
FCA regulated with FSCSMarket maker
OANDA Europe Ltd (FRN 542574) — FSCS £85,000European Union
EU-regulated entity with ICFMarket maker
OANDA Europe Markets Ltd (MFSA C95813, Malta) — ICF €20,000United States
FCM/RFED CFTC and NFAMarket maker
OANDA Corporation (NFA 0325821, CFTC FCM/RFED) — no compensation (segregated funds)Australia
ASIC regulated, no compensationMarket maker
OANDA Australia Pty Ltd (AFSL 412981) — no compensationRest of the world
BVI offshore armMarket maker
OANDA Global Markets Ltd (BVI FSC, SIBA/L/20/1130) — no compensationAll licenses
Every regulator where the group holds a license, with its execution model. The entity that applies to you depends on your country (see above).
Account types
Standard / Spreadvariable spreads, no commission, zero minimum deposit
Core / Commissiontighter spreads with a fixed per-trade commission
Pros
✓Top-tier regulation
✓Funds with compensation scheme
✓Transparent operation
✓Good reputation
Cons
✗Outside your region, offshore entity
Breakdown by axis
The total score (out of 100) is the sum of the 7 axes, with the same yardstick for everyone. Below each one, the rationale with its source.
Regulation: Top tier22/22 pts
Why: CFTC/NFA + FCA 542574 + ASIC + MAS + CIRO Canada. US/UK/AU/CA/SG clients under tier-1; rest of the world via OANDA Global Markets (BVI) = offshore, no compensation
Withdrawals / payments: Isolated complaints10/20 pts
Why: recurring pattern of withdrawal delays + backlog from the FTMO transition (2025); no systemic denial
Fund safety: Full (with compensation)15/15 pts
Why: segregated + negative balance + compensation in regulated markets (UK FSCS GBP85k, CIPF Canada); the BVI entity gives no compensation
Transparency: Clear10/10 pts
Why: transparent; minor CFTC fines $500k 2020 (net capital, not fraud)
Reputation: Strong10/10 pts
Why: founded 1996, acquired by FTMO 2025; Trustpilot ~3.7
Costs: Average4/8 pts
Why: spread-only ~1.0-1.5 pip; Core account with raw + commission
Sources
Don't take our word for it — check it yourself. These are the official registries and legal pages we relied on.
🔗 NFA BASIC registration — OANDA Corporation (NFA 0325821)🔗 OANDA — Regulatory Public Disclosures (USA)🔗 FCA registration — OANDA Europe Ltd (FRN 542574)🔗 OANDA — OANDA Europe Markets Ltd clients (MFSA Malta)Trader reviews
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