This review covers OANDA US. If you are not a US citizen, please visit the OANDA review.
Founded in 1996, OANDA is an award-winning multinational broker. The company’s global entities are authorized by multiple top-tier regulators. OANDA sponsors the New York Red Bulls and has announced FC Barcelona star Robert Lewandowski as its new brand ambassador.
At this time, United States clients can trade 68 currency pairs. Retail customers can also access eight popular crypto assets with Paxos Trust Company via a separate account*. CFDs are not available in the United States. OANDA clients in the US can use multiple platforms: OANDA Web, MetaTrader 4, TradingView, and the OANDA mobile app.
*Cryptocurrencies are offered through Paxos which is a separate legal entity from OANDA.
*Affiliate receives a commission for accounts opened through the link on this page
Recommended in 6 best broker guides: |
US Brokers | Zero Spread | MT4 | TradingView | Scalping | No Deposit Bonus |
Pros | Cons |
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OANDA offers a broader range of trading platforms and tools than most brokers. The available research materials are also at an industry-leading level. A pioneer in the forex industry, it is one of the most widely regulated brokers globally. OANDA also distinguishes itself as one of a small number of forex brokers offering services in the United States.
OANDA can cater well to both novice and advanced traders. The OANDA Web platform is intuitive and a good fit for beginners. Experienced traders in the US can elect to sign up for the Elite Trader account, allowing them to benefit from cash rebates, free wire transfers, and access to professional third-party platforms.
In this review of OANDA, we focused on the United States entity (OANDA Corporation), found at oanda.com. OANDA Corporation is a registered Futures Commission Merchant and Retail Foreign Exchange Dealer with the Commodity Futures Trading Commission (CFTC) and a National Futures Association (NFA) member. We conducted our tests using a Standard Account via the OANDA Web platform.
*The REST v20 API is a free service offered to clients with a computer programming background to connect their software to OANDA trading servers and conduct trading activities instead of using OANDA’s trading platforms.
☑️ Regulations | CFTC (United States), NFA (United States) |
🗺 Supported Languages | English, Spanish, Chinese |
💰 Products | Currencies |
💵 Min Deposit | $0 |
💹 Max Leverage | 1:50 (CFTC), 1:50 (NFA) |
🖥 Trading Desk Type | Market Maker |
📊 Trading Platforms | Proprietary, MT4, TradingView |
💳 Deposit Options | ACH, Wire Transfer, Debit Card, Visa, Mastercard |
💳 Withdrawal Options | Wire Transfer, Visa, Mastercard, Debit Card |
🤴 Demo Account | No |
🗓 Foundation Year | 1996 |
🌎 Headquarters Country | United States |
OANDA CORPORATION IS A MEMBER OF NFA AND IS SUBJECT TO NFA’S REGULATORY OVERSIGHT AND EXAMINATIONS. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS, OR MARKETS.
Trading in digital assets, including cryptocurrencies, is especially risky and is only for individuals with a high risk tolerance and the financial ability to sustain losses. OANDA Corporation is not party to any transactions in digital assets and does not custody digital assets on your behalf. All digital asset transactions occur on the Paxos Trust Company exchange. Any positions in digital assets are custodied solely with Paxos and held in an account in your name outside of OANDA Corporation. Digital assets held with Paxos are not protected by SIPC. Paxos is not an NFA member and is not subject to the NFA’s regulatory oversight and examinations.
OANDA is one of the largest and oldest brokers in the forex industry, and multiple regulators across the globe oversee the operations of its entities. OANDA Corporation is regulated by the top-tier Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). I found OANDA highly transparent in regulatory status, client fees, and the company’s background.
OANDA Corporation is a registered Futures Commission Merchant and Retail Foreign Exchange Dealer with the US Commodity Futures Trading Commission (CFTC) and a member of the National Futures Association (NFA), reference number 0325821. We rate CFTC and NFA as Tier 1 regulators.
Different regulators provide different levels of protection. OANDA clients in the United States do not have negative balance protection, and their funds are not segregated. OANDA Corporation holds client funds in the same bank account as operating funds because US regulations do not permit forex accounts to have segregated account status.
In the unlikely event that OANDA Corporation becomes insolvent or files for protection under bankruptcy laws, clients may have only an unsecured claim against their deposited funds. OANDA Corporation would pay all debts to creditors before any unsecured claims in the event of liquidation.
Entity | OANDA Corporation |
Country/Region | US |
Regulation | CFTC, NFA |
Segregated Funds | No |
Negative Balance Protection | No |
Account Insurance | No |
Maximum Leverage | 1:50 |
Regulatory requirements are subject to change. I gathered the data listed above in September 2023.
In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focus on how long the broker has been in business, the company’s size, and whether important information about the company is readily available.
OANDA was founded in 1996, making it one of the oldest forex brokers. According to its LinkedIn page, the company is headquartered in New York and has 201–500 employees.
In my research, OANDA showed high transparency in its regulatory status, listing all regulators on the About Us page. There you can also find an in-depth coverage of OANDA’s history and senior management. The website breaks down costs on the Fees page. Traders can find the Terms of Use on the Legal Documents page.
Overall, I rated OANDA as having a strong level of transparency, better than average for the industry.
My hands-on tests showed that OANDA provides spreads that range from average to competitive. Swap fees and account-related fees are standard for the industry. Two notable expenses are an inactivity fee for dormant accounts and a fee for bank wire withdrawals.
I tested the spreads at OANDA Corporation across different currency pairs using the OANDA Trade Web Platform platform. I performed the tests at 8:00 a.m. GMT and 4:00 p.m. GMT on 22 September 2023. 8:00 a.m. GMT is the London open when there is high liquidity in the forex market and tighter spreads in currency pairs. 4:00 p.m. GMT is during the New York trading session.
Instrument | Spread AM | Spread PM |
EUR/USD | 1.4 Pips | 1.5 Pips |
GBP/USD | 1.8 Pips | 1.6 Pips |
USD/CHF | 1.5 Pips | 1.4 Pips |
USD/JPY | 1.7 Pips | 1.5 Pips |
GBP/JPY | 3.9 Pips | 2.7 Pips |
The figures above reflect spread-only pricing. Clients with Standard and Elite Trader account types can choose spread-only pricing or access lower spreads with commissions with a core pricing plus commission model. Traders can view the price sheet for the core pricing plus commission here.
At OANDA US, swap fees (the cost of holding a position overnight) were average in my tests. In the table below, you can see the Swap Long (the cost/credit of holding a buy position overnight) and the Swap Short (the cost/credit of maintaining a sell position overnight) for one full-sized contract. A full-sized contract is 100,000 units of the base currency (the first currency quoted in the pair). I recorded the data on 22 September 2023.
Instrument | Swap Long | Swap Short |
EUR/USD | Charge of $7.20 | Credit of $1.22 |
GBP/USD | Charge of $3.59 | Charge of $3.45 |
OANDA charges an inactivity fee of $10 per month for accounts that have been dormant for 12 months.
With a Standard account, I judged the fees at OANDA to be roughly average for the industry. Substantially lower costs are available via the Elite Trader account type, and clients can earn up to $17 in rebates per million units traded when minimum trading volumes are met.
OANDA excels in this category with a broad range of proprietary and third-party platforms. Clients can choose between the OANDA Web platform, MetaTrader 4, TradingView, and the OANDA mobile app. My evaluation indicated that this variety of platforms can cater to beginners and advanced traders.
The OANDA Web platform is well-designed and easy to navigate. It is also customizable, allowing you to change the layout to suit your preference. Multiple chart layouts are available, and traders can view up to 8 charts at once. This feature lets traders view charts across numerous instruments and timeframes on one screen.
The range of order types on the OANDA Web platform is impressive. Standard order types such as market, limit, and stop-loss are available. It is possible to select ‘time in force’ conditions, meaning that you can set your limit or stop-loss order to expire after a set time. In addition, trailing stop-loss orders are available.
The OANDA Web platform also has built-in Order Book, Heatmap, and Position Ratios tools.
The Order Book tool shows data on the open positions and orders of all the traders and investors using OANDA for a given instrument. This data can give traders a clue about the level of liquidity in the market at different price levels and where there may be strong support and resistance.
The Heatmap tool shows the major market movers, providing traders with ideas for interesting currencies to trade for the day.
The Position Ratios tool shows the percentage of OANDA traders who are long and short in each currency pair. This is called sentiment data and it provides powerful insight into the psychology of a market. Traders can interpret the data in a variety of ways. Most commonly, it is understood that when an extreme percentage of traders are either long or short an instrument, a trend reversal may be imminent.
Alerts and 1-click trading are not available on the OANDA Web platform. These features are available on MT4, the TradingView platform, and the OANDA mobile app.
Having spent over two years reviewing the platforms of leading forex brokers, I rate OANDA Web as better than average. I appreciated its flexible order types, robust charting, and real-time news feed from Dow Jones. My experience trading forex showed me that sentiment data is an especially valuable indicator, so I was impressed to see the Position Ratios tool providing insights into the trading activity of OANDA’s large client base. The OANDA Web platform has a user-friendly UX that can accommodate beginners and also advanced proprietary features to satisfy experienced traders.
The TradingView platform offers one-click trading, trading from the chart, watchlists, market news, and trading ideas. Traders can easily place trades and manage open positions and pending orders from the platform.
The industry-leading TradingView charts feature 11 time frames, 11 chart types, and over 100 technical indicators. A wide range of drawing tools, from trend lines to Fibonacci retracements, are also available.
The range of available order types is excellent. Market orders, limit orders, stop-loss orders, and trailing stop-loss orders are available. Traders also have the option to apply time-in-force conditions such as Good-Til-Canceled (GTC).
Users can draw inspiration from the massive community active on TradingView with features such as the ideas stream. The TradingView platform has the rare combination of being powerful in its functionality and intuitive with a well-designed interface.
My initial impression of the TradingView platform was that its design and usability are second to none. Compared to other brokers, I judged it to be one of the best browser-based platforms on the market. Advanced charting and order types are available, and the platform draws from the wisdom of the crowd with cutting-edge features like its ideas stream. With 1-click trading and trading from the chart, I rate TradingView as a platform that can cater to day traders and scalpers as well as longer-term investors.
OANDA offers MetaTrader 4 for desktop, which includes advanced functions such as copy trading and automated trading.
MetaTrader 4 is available in 39 languages, from Arabic to Vietnamese. The platform provides popular features such as:
MetaTrader also delivers when it comes to the range of available order types. The platform offers the following order types:
Charting features are robust. MetaTrader 4 offers:
MetaTrader is also popular due to its copy trading and automated trading features.
The MetaTrader 4 desktop platform is one of the most feature-rich and popular trading platforms. It does not have the most beautiful interface and requires some time and effort to learn, but that is typical of advanced platforms.
The look and feel of MetaTrader 4 are a bit dated – I felt there is room for improvement in design and usability. But as one of the most popular trading platforms in the world and the only one offered by many forex brokers, I have spent a lot of time testing it.
MT4 is actually very well-rounded and can do more than most competitors – with advanced charting, a complete range of order types, and popular features like 1-click trading, trading from the chart, and alerts. The advanced features of the desktop platform set it apart in that it enables traders to run and backtest automated strategies.
Although it presents a steep learning curve, MT4 can cater to beginners. Meanwhile, its algorithmic trading capability and MAM/PAMM solutions can also accommodate professional traders and money managers.
OANDA’s mobile app has an intuitive and user-friendly interface. The same range of standard and advanced order types on the OANDA Web platform is available on the app. The layout is customizable, so you can see your favorite instruments and adjust the size of the charts to suit your preferences.
The charting within the app is solid and has the following features:
Unlike the web interface, one-click trading and alerts are available via the app. Real-time news from Dow Jones and an economic calendar is also built-in. Two-factor authentication (2FA) is available to add an extra level of security when you sign in to OANDA’s trading platforms from your computer or mobile device. If you need to top-up your account on the go, it is possible to add funds via mobile. The app is available in English, German, Japanese and Chinese.
After two weeks of testing the OANDA Mobile app, I rate it as easy to use and feature-rich. Attention to detail is reflected in advanced settings, such as the ability to configure the daily candle start and end times. Compared with dozens of trading apps I have reviewed, I judged the design and usability of OANDA’s app as above average. With advanced order types, robust charting, real-time news, and alerts, this app is suitable for both beginners and advanced traders.
The US division of OANDA (OANDA Corporation) is a market maker broker. Market makers typically generate revenue through the bid/offer spread. Market makers attempt to match client orders to avoid trading directly in the market and increase their spread capture.
OANDA Corporation (the US entity of OANDA) offers clients a range of forex pairs and spot cryptocurrencies through Paxos*. Traders can access major, minor, and exotic currency pairs as well as popular cryptocurrencies via a separate account.
*Cryptocurrencies are offered through Paxos which is a separate legal entity from OANDA.
CFD trading is not allowed in the United States due to restrictions by the Securities and Exchange Commission (SEC) on over-the-counter (OTC) instruments. OTC trading is done directly between two parties without going through a financial exchange.
OANDA Corporation offers trading in forex and a range of popular cryptocurrencies. At the time of this writing, clients can access the following tradable instruments:
*Cryptocurrencies are offered through Paxos which is a separate legal entity from OANDA.
In the tables below, you can see a selection highlighting the variety of currency pairs available to US traders:
Forex Major | Forex Minor | Forex Exotic |
EUR/USD | GBP/USD | USD/JPY | EUR/NZD | GBP/CAD | GBP/JPY | USD/HUF | TRY/JPY | GBP/ZAR |
Crypto Assets with Paxos* |
Bitcoin | Ethereum | Litecoin | Bitcoin Cash | PAX Gold | Chainlink | Uniswap | Aave |
*Cryptocurrencies are offered through Paxos which is a separate legal entity from OANDA.
OANDA is one of a handful of brokers offering spot forex trading in the United States. After testing the available instruments at OANDA US for two weeks, I judged that it provides a good range of pairs to work with.
United States traders can experience trading popular pairs like EUR/USD, more volatile minor pairs like GBP/JPY, and even exotic pairs like TRY/JPY. The option of trading popular spot cryptocurrencies in addition to forex is rare in the US and enhances the overall offering.
Overall, the range of instruments can cater to beginners, and there is also enough variety to satisfy advanced traders.
OANDA offers customer support 24/5 via live chat and phone (212 858 7690). Support via email (frontdesk@oanda.com) is 24/7. I tested and rated support at OANDA as better than average for the industry in light of its fast and helpful responses in dozens of tests.
I tested customer support with various queries, ranging from platforms to tradable instruments. Chat support responded within seconds, and emails were typically responded to the same day or within one business day.
Via phone, navigating a series of automated questions designed to segment callers was necessary, but ultimately I received good support from industry-savvy agents.
US clients with forex trading accounts can access support from Sunday at 4:00 p.m. ET to Friday at 6:00 p.m.
Available Chat Support Languages |
English | Spanish | Mandarin |
Clients can deposit funds at OANDA Corporation via bank wire transfer, automated clearing house (ACH), and debit card, while withdrawals are available through bank wire transfer and debit card. Processing times are relatively fast for the industry. Deposits are free, but there is a fee for withdrawals via bank transfer.
In the tables below, I break down the fees and processing times for each deposit and withdrawal method.
Deposit Method | Minimum Deposit | Maximum Deposit | Fees | Processing Time |
Debit Card | None | $20,000 USD per calendar month | $0 | Immediate |
Automated Clearing House (ACH) | None | $50,000 USD per deposit. No limit on number of deposits. | $0 | Immediate for Instant ACH starting at 50% of the requested deposit amount for transfers equal to or less than $1000. Up to 6 business days for regular ACH processing. |
Bank Wire Transfer | None | None | $0 | One to three business days for domestic wire transfers. Up to five business days for international wire transfers. |
In the case of a deposit via debit card or bank wire transfer, your bank may charge you a service fee.
Funds arriving via ACH need to be returned to the same bank when a withdrawal is made. Your bank may charge you a service fee.
Withdrawal Method | Fees | Processing Time |
Debit Card | $0 | One to three business days |
Bank Wire Transfer | USD $20 for the first withdrawal processed within each calendar month and USD $35 for each additional withdrawal processed within the same calendar month. | Between one and two business days within the US and up to five business days for international withdrawals |
For withdrawals via debit card, OANDA can process up to 100% of the original deposited amount back to a debit card. Traders can withdraw any trading profits or amount beyond this limit via another method.
For withdrawals via bank wire, your bank may charge additional fees and take additional time to complete your withdrawal beyond OANDA’s standard processing time. I judged that OANDA’s withdrawal fees by bank wire are roughly average for the industry.
Standard Account holders must pay withdrawal fees, but clients using the Elite Trader Account get unlimited free wire transfers.
The account opening process at OANDA Corporation is fully digital and can be completed quickly via the company website. OANDA Corporation offers two account types to cater to different trader profiles: the Standard Account and the Elite Trader Account. Demo accounts are available across multiple platforms.
The table below breaks down the key features of each account type.
Feature | Standard account | Elite Trader |
Minimum volume trading requirement | None | From 10M |
Rebate per million traded | None | From $5 |
Dedicated relationship manager | No | Yes |
Monthly TradingView subscription reimbursement | No | Yes |
Unlimited free wire transfers | No | Yes |
Core pricing + commissions | Yes | Yes |
Spread-only pricing | Yes | Yes |
API trading | Yes | Yes |
24/5 support | Yes | Yes |
Variable contract sizes (as low as 1 unit) | Yes | Yes |
MT4 open order indicator | Updates every 20 minutes | Updates every 5 minutes |
Priority service queues | No | Yes |
Standard and Elite Trader Accounts both have access to the full range of 68 currency pairs and all four trading platforms (OANDA Web, OANDA Mobile, TradingView, and MetaTrader 4).
The Elite Trader Account loyalty program has several attractive benefits:
To qualify for the Elite Trader Account, OANDA clients must fill out an application form and meet a minimum trade volume requirement of US$10M each calendar month.
To open an individual account at the OANDA Corporation, prospective clients must answer the following questions.
Personal details
Employment and Financial Details
Trading Experience
Verification of Identity
Nine base currencies (the currency in which your account is denominated) are available.
Base Currencies |
Australian Dollar (AUD) | Canadian Dollar (CAD) | Euro (EUR) | British Pound (GBP) | Hong Kong Dollar (HKD) | Japanese Yen (JPY) | Singapore Dollar (SGD) | Swiss Franc (CHF) | US Dollar (USD) |
Only individual live trading accounts registered with OANDA Corporation can access spot cryptocurrency trading. Account activation is subject to approval by Paxos Trust, a New York-based company specializing in blockchain.
When it comes to trading spot cryptocurrencies at OANDA US, there are some important differences to trading forex.
*OANDA Corporation is not party to cryptocurrency transactions. All transactions in digital assets (including cryptocurrencies) occur on the Paxos Trust Company exchange. Any positions in digital assets are custodied solely with Paxos and held in an account in your name outside of OANDA Corporation.
OANDA offers free demo accounts via the OANDA Trade web platform, the OANDA mobile app, and MetaTrader 4. Demo accounts are a boon for beginners, allowing them to practice their strategies and get comfortable with the trading platform without risking any real money.
The demo account features live quotes and simulates live market conditions in multiple forex pairs. Once users have gotten up to speed on a demo account, they can easily switch over to a live version.
One of the reasons that traders are attracted to the forex markets is the high degree of available leverage. Leverage is using borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account.
For US clients, OANDA offers a maximum of 1:50 in leverage. 1:50 leverage means that with $1,000 of funds in an account, a trader can take on up to $50,000 worth of market positions.
Leverage is often described as a ‘double-edged sword’ as it can hurt you as much as it helps you. Traders must remember that it can amplify both their profits and their losses.
OANDA hits the mark in the area of research, with industry-leading analysis available from the MarketPulse website and news from Dow Jones. A strong flow of frequently updated content is provided in written, video, and podcast formats.
OANDA’s news and research portal, MarketPulse.com, offers insightful analysis covering both fundamental and technical analysis across forex, indices, commodities, and cryptocurrencies. The Week Ahead articles keep traders abreast of upcoming economic events and what to expect. Other articles and videos are more technical, and traders can get ideas from chart patterns and support and resistance levels.
News from Dow Jones is available from OANDA’s web, desktop, and mobile platforms. The global team of Dow Jones business news reporters and editors provides:
OANDA US clients also have access to powerful third-party tools: AutoChartist, MotiveWave, and MultiCharts.
I came away feeling like OANDA US checks all the boxes regarding research. Its decades of experience in the forex market are reflected in the high-quality analysis of MarketPulse writers. Traders can rely on fast updates on major news events and economic releases from the Dow Jones news feed.
I was most impressed by the powerful proprietary research tools, including sentiment analysis, within the OANDA Web platform. The third-party research tools from MultiCharts and MotiveWave enable strategy backtesting and optimization and cater primarily to advanced traders. Meanwhile, trading ideas from Autochartist are easy for beginners to grasp.
OANDA has an impressive range of educational offerings, from platform tutorials to live webinars with industry experts. The volume and quality of the materials are better than average for the industry.
OANDA’s educational resources include a wide variety of educational articles, videos, and live webinars.
The trading resources section on Oanda.com covers basics like leveraged trading to more advanced themes, including technical analysis, indicators, and trading strategies. I liked that OANDA goes beyond theory and delves into practical topics like finding good entry and exit points for a trade.
Learning from industry experts in a live setting is one of the best ways of building a foundation of market knowledge. OANDA delivers in this area with live and recorded webinars spanning topics like risk management, Fibonacci, and platform tutorials.
The Trade Tap blog is another great resource, providing clients with further market insights. Long-form articles tackle themes like Crypto Technical Analysis and How to use Divergence Analysis in Your Trading.
OANDA is a forex industry pioneer with over 25 years of experience. The company’s US entity is one of a small number of brokers providing US residents access to the spot forex market. With a $0 minimum deposit, the barrier to entry is low, and the range of available platforms and tools is excellent.
While spreads for the Standard Account are about average for the industry, competitive trading costs are available with the Elite Trader account type. OANDA really shines in its offering of research and educational materials, which can cater to various experience levels. Reliable customer support rounds out a robust overall offering from this broker.
OANDA Corporation is regulated by the CFTC/NFA. OANDA is a member Firm of the NFA (Member ID: 0325821). CFDs are not available to residents in the United States.
Disclaimers:
OANDA CORPORATION IS A MEMBER OF NFA AND IS SUBJECT TO NFA’S REGULATORY OVERSIGHT AND EXAMINATIONS. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS
Trading in digital assets, including cryptocurrencies, is especially risky and is only for individuals with a high risk tolerance and the financial ability to sustain losses. OANDA Corporation is not party to any transactions in digital assets and does not custody digital assets on your behalf. All digital asset transactions occur on the Paxos Trust Company exchange. Any positions in digital assets are custodied solely with Paxos and held in an account in your name outside of OANDA Corporation. Digital assets held with Paxos are not protected by SIPC. Paxos is not an NFA member and is not subject to the NFA’s regulatory oversight and examinations.
Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks.
FXEmpire receives a commission from OANDA when users sign up and fund an account through the link on this page
Headquarters Country | United States |
Foundation Year | 1996 |
Regulations | CFTC (United States), NFA (United States) |
Publicly Traded | No |
Number Of Employees | 200 |
Trading Desk Type | Market Maker |
Trading Platforms | Proprietary, MT4, TradingView |
Restricted Countries | Honduras, Egypt, Samoa, San Marino, Algeria, Armenia, Austria, Bahamas, Bahrain, Barbados, Belarus, Belize, Benin, Bhutan, Bolivia, Bosnia and Herzegovina, Bulgaria, Burkina Faso, Burundi, Cameroon, Canada, Cape Verde, Chad, China, Colombia, Congo, Costa Rica, Cote dIvoire, Croatia, Cuba, Cyprus, Czech Republic, Djibouti, Dominica, Ecuador, Equatorial Guinea, Eritrea, Estonia, Finland, France, Gabon, Georgia, Germany, Ghana, Italy, Jamaica, Jordan, Kazakhstan, Kenya, North Korea, South Korea, Nauru, Kuwait, Kyrgyzstan, Laos, Latvia, Lesotho, Guinea-Bissau, Guyana, Montenegro, Malaysia, Liberia, Sao Tome and Principe, Liechtenstein, Moldova, Lithuania, Namibia, Palau, Luxembourg, Macedonia, Malawi, Maldives, Mali, Mauritania, Mexico, India, Micronesia, Monaco, Morocco, Nepal, New Zealand, Nicaragua, Indonesia, Niger, Hungary, Nigeria, Norway, Iceland, Oman, Papua New Guinea, Peru, Poland, Qatar, Romania, Gibraltar, Iran, Greece, Grenada, Guatemala, Guinea, Iraq, Rwanda, Democratic Republic of the Congo, Curacao, Afghanistan, Tonga, Guam, Cayman Islands, Vatican City, Swaziland, Bermuda, Suriname, Senegal, Zambia, Albania, Angola, Turkey, Timor-Leste, Marshall Islands, Slovakia, Australia, Paraguay, Cook Islands, Antigua and Barbuda, United Kingdom, Tunisia, New Caledonia, Andorra, Trinidad and Tobago, Kosovo, Northern Mariana Islands, Somalia, Puerto Rico, Sweden, Togo, Argentina, Azerbaijan, Bangladesh, Mongolia, Belgium, Russian Federation, Macao, Uruguay, Turkmenistan, Solomon Islands, Venezuela, Switzerland, Yemen, Greenland, Tuvalu, Botswana, Brazil, Uganda, Syria, Seychelles, French Polynesia, Sierra Leone, Bonaire, Ukraine, Uzbekistan, Brunei, Cambodia, Central African Republic, Chile, Denmark, Dominican Republic, Saudi Arabia, Lebanon, Serbia, Mayotte, Madagascar, Aruba, Ethiopia, Taiwan, Fiji, Gambia, Panama, Israel, Singapore, Tajikistan, Mauritius, Vietnam, Japan, South Africa, Virgin Islands, British, Tanzania, Isle of Man, Guernsey, Kiribati, Libya, Malta, Mozambique, Myanmar, Netherlands, Pakistan, Philippines, Portugal, Haiti, Hong Kong, Ireland, South Sudan, Spain, Sudan, Saint Kitts and Nevis, Saint Vincent and the Grenadines, Thailand, United Arab Emirates, Zimbabwe, Faroe Islands, American Samoa, Svalbard and Jan Mayen, Anguilla, Aland Islands, Christmas Island, Cocos Islands, Montserrat, Niue, Saint Barthelemy, Saint Helena, Saint Martin, Saint Pierre, Wallis and Futuna, Sint Maarten, Falkland Islands, Guadeloupe, Jersey, Virgin Islands, U.S., Sri Lanka, Vanuatu, El Salvador, Comoros, Slovenia |
Supported Languages | English, Spanish, Chinese |
Min Deposit | $0 |
Max Leverage | 1:50 (CFTC), 1:50 (NFA) |
Deposit Options | ACH, Wire Transfer, Debit Card, Visa, Mastercard |
Withdrawal Options | Wire Transfer, Visa, Mastercard, Debit Card |
Time to Withdrawal | 2 |
Time to Open an Account | 9 |
Products | Currencies |
Demo Account | No |
OCO Orders | No |
Offers Hedging | No |
Automated Trading | Yes |
API Trading | Yes |
Guaranteed Stop Loss | No |
Guaranteed Limit Orders | No |
Guaranteed Fills / Liquidity | No |
Economic calendar | Yes |
Trading From Chart | Yes |
One-Click Trading | Yes |
Expert Advisor | No |
Social Trading | Yes |
Autochartist | No |
Trading Signals | Yes |
Platform Languages | Italian, Portuguese, Chinese, English, French, Spanish, Russian, German, Japanese |
24 Hours Support | Yes |
Support During Weekends | No |
Live Chat | Yes |
Daily Market Commentary | No |
News (Top-Tier Sources) | Yes |
Webinars | Yes |
Deposit Fee | No |
Withdrawal Fee | Yes |
Inactivity Fee | Yes |
Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.
At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.