My opinion on Oanda
OANDA stands out in the Canadian market as a well-regulated and long-established broker, offering a solid combination of competitive spreads, a broad selection of Forex pairs and CFD products, advanced trading tools, and strong regulatory oversight from CIRO.While OANDA's spreads are not always the lowest, particularly when compared to some offshore competitors, its zero minimum deposit and transparent fee structure provide good value, especially for those focused on Forex, indices, and commodities.Founded in 1996 and serving over a million traders globally, OANDA is widely recognized for its reliability, robust security framework, and user-friendly platforms (OANDA Trade and MT4).Its Trustpilot score is 4.0/5 based on 1,094 reviews, reflecting solid client satisfaction, especially with customer support and ease of use, though some users highlight withdrawal times as a downside.Relative to domestic competitors, OANDA's primary strengths are its regulation, advanced platform suite, and full-featured demo access, making it a trusted choice for Canadian traders prioritizing security and FX/CFD markets over stock/ETF access.Based on my experience, OANDA is best suited to the following trader profiles:
➡️ Forex-focused traders: Individuals who prioritize trading major and minor FX pairs in a secure, regulated environment, supported by competitive spreads and reliable execution.
➡️ Traders who value platform flexibility: Users seeking access to both proprietary platforms (OANDA Trade) and MetaTrader 4, with integrated tools, advanced charting, and API connectivity.
➡️ Security-conscious Canadian investors: Those who prefer a broker regulated by CIRO with no offshore exposure, strong account protection, and a long-standing global reputation.
- ✅Fully regulated in Canada by CIRO, ensuring strong client protection
- ✅No minimum deposit required, lowering the entry barrier for new traders
- ✅Wide range of Forex pairs (68+), major global indices, and commodities available as CFDs
- ✅Supports OANDA Trade and MetaTrader 4 (MT4) platforms, with robust charting and automation tools
- ✅Free and unlimited demo account for risk-free practice
- ✅Fast and straightforward account opening process
- ✅Advanced order types: market, limit, stop loss, take profit, trailing stop, conditional orders
- ✅API access for algorithmic and automated trading (REST, FIX)
- ✅Transparent pricing and competitive spreads on major pairs
- ✅Responsive, multilingual customer support accessible via chat, email, and phone
- ✅First withdrawal each month is free
- ❌No stock or ETF CFDs offered to Canadian clients due to local regulations
- ❌Spreads can be higher than some offshore brokers with raw-spread accounts
- ❌No spot crypto purchasing, crypto services limited to trading CFDs only
- ❌No copy trading, PAMM, staking, or crypto wallet features available
- ❌Inactivity fee applies after 12 months of no trading activity
- ❌Withdrawal fees may apply to subsequent withdrawals in the same month
- ❌No Islamic (swap-free) account explicitly listed for Canada
- ❌Leverage limited to 50:1 for Forex, lower for other asset classes as per Canadian regulations
- ❌Limited selection of cryptocurrencies available, and no support for stablecoins
- ❌No stock trading, registered account (TFSA/RRSP), or mutual fund access
Score- ✅Fully regulated in Canada by CIRO, ensuring strong client protection
- ✅No minimum deposit required, lowering the entry barrier for new traders
- ✅Wide range of Forex pairs (68+), major global indices, and commodities available as CFDs
- ✅Supports OANDA Trade and MetaTrader 4 (MT4) platforms, with robust charting and automation tools
- ✅Free and unlimited demo account for risk-free practice
- ✅Fast and straightforward account opening process
- ✅Advanced order types: market, limit, stop loss, take profit, trailing stop, conditional orders
- ✅API access for algorithmic and automated trading (REST, FIX)
- ✅Transparent pricing and competitive spreads on major pairs
- ✅Responsive, multilingual customer support accessible via chat, email, and phone
- ✅First withdrawal each month is free
My opinion on Oanda
- ✅Fully regulated in Canada by CIRO, ensuring strong client protection
- ✅No minimum deposit required, lowering the entry barrier for new traders
- ✅Wide range of Forex pairs (68+), major global indices, and commodities available as CFDs
- ✅Supports OANDA Trade and MetaTrader 4 (MT4) platforms, with robust charting and automation tools
- ✅Free and unlimited demo account for risk-free practice
- ✅Fast and straightforward account opening process
- ✅Advanced order types: market, limit, stop loss, take profit, trailing stop, conditional orders
- ✅API access for algorithmic and automated trading (REST, FIX)
- ✅Transparent pricing and competitive spreads on major pairs
- ✅Responsive, multilingual customer support accessible via chat, email, and phone
- ✅First withdrawal each month is free
- ❌No stock or ETF CFDs offered to Canadian clients due to local regulations
- ❌Spreads can be higher than some offshore brokers with raw-spread accounts
- ❌No spot crypto purchasing, crypto services limited to trading CFDs only
- ❌No copy trading, PAMM, staking, or crypto wallet features available
- ❌Inactivity fee applies after 12 months of no trading activity
- ❌Withdrawal fees may apply to subsequent withdrawals in the same month
- ❌No Islamic (swap-free) account explicitly listed for Canada
- ❌Leverage limited to 50:1 for Forex, lower for other asset classes as per Canadian regulations
- ❌Limited selection of cryptocurrencies available, and no support for stablecoins
- ❌No stock trading, registered account (TFSA/RRSP), or mutual fund access
Score- ✅Fully regulated in Canada by CIRO, ensuring strong client protection
- ✅No minimum deposit required, lowering the entry barrier for new traders
- ✅Wide range of Forex pairs (68+), major global indices, and commodities available as CFDs
- ✅Supports OANDA Trade and MetaTrader 4 (MT4) platforms, with robust charting and automation tools
- ✅Free and unlimited demo account for risk-free practice
- ✅Fast and straightforward account opening process
- ✅Advanced order types: market, limit, stop loss, take profit, trailing stop, conditional orders
- ✅API access for algorithmic and automated trading (REST, FIX)
- ✅Transparent pricing and competitive spreads on major pairs
- ✅Responsive, multilingual customer support accessible via chat, email, and phone
- ✅First withdrawal each month is free
Why trust Hellosafe?
I personally spent several days testing Oanda as a trading platform, not just by opening an account but by actually executing trades, using the charting tools, and interacting with their platform on desktop and mobile. I took the time to evaluate key aspects that matter for any trader in Canada—like fees, spreads, deposit and withdrawal processes, and regulatory protections.
I put Oanda’s customer support to the test with real questions, and compared my experience with other regulated CFD and crypto brokers available in Canada. This let me see first-hand how responsive and knowledgeable the support team truly is, both in English and French.
My opinion is based entirely on my direct usage, alongside the research I did to answer questions I regularly get, like: Is Oanda reliable? What are its main strengths and limitations? Is it beginner-friendly, or does it mainly suit experienced traders?
Because I tested Oanda in real situations and compared it to peers, you’re getting a transparent, experience-based view—not promotional content.
Oanda at a glance
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| Fonctionnalité | Détail |
|---|---|
| 💰 Minimum deposit | No minimum deposit required |
| 🛡️ Regulation | CIRO (Canadian Investment Regulatory Organization), Canada |
| 🪙 Crypto licence | Crypto CFDs offered (limited) – not a dedicated crypto exchange |
| 📝 FSMA registration | Not registered with FSMA (Belgium) |
| 📈 Assets available | 100+: Forex (68+ pairs), indices, commodities, crypto CFDs |
| 📊 Trading platforms | OANDA Trade (Web, Desktop, Mobile), MetaTrader 4 (MT4) |
| 🛠️ Trading tools | Advanced charting, technical indicators, APIs (REST & FIX), economic news |
| 🧪 Demo account | Free, unlimited duration, customizable virtual capital |
| ☪️ Islamic account | Not explicitly listed for Canada; contact support for details |
| 📝 Key order types | Market, limit, stop loss, take profit, trailing stop, conditional orders |
| ⚡ Leverage | Up to 50:1 for forex (CA regs); lower for other assets |
| 💸 Fees | No deposit fees; spreads from 1.4 pips (EUR/USD); inactivity & withdrawal fees may apply |
| 📞 Customer support | Web chat, WhatsApp, SMS, email; Sunday 4pm–Friday 6pm ET (fully available in CA) |
| ⭐ Trustpilot reviews | 4.0/5 from 1,094+ reviews (global) |
Security and Regulation
Oanda stands out as a particularly robust broker for Canadian traders when it comes to security and reliability. It operates under the strict oversight of CIRO, Canada’s top investment regulatory authority, which enforces stringent rules on client asset protection and business conduct. Client funds are held in segregated accounts, providing separation from Oanda’s operational capital and reducing the risk of misuse.
The broker implements essential risk management tools, including stop-loss orders and negative balance protection, while offering secure two-factor authentication on its platforms to help guard against unauthorized access. Oanda also has a long, reputable track record in the industry, with stable operations, transparent pricing, and a positive reputation reflected in thousands of user reviews and solid Trustpilot ratings.
| Indicator | Description | Evaluation |
|---|---|---|
| Regulatory compliance | CIRO regulated in Canada; no direct crypto license but tier-1 forex regulation | 5/5 |
| Fund security | Client funds held in segregated accounts for Forex/CFD; no physical crypto custody offered | 5/5 |
| Risk management tools | Stop loss, negative balance protection, two-factor authentication supported | 4.5/5 |
| Notoriety and coverage | Over 25 years of track record, strong brand, 4.0/5 Trustpilot rating in July 2025 | 4.5/5 |
Fees, Spreads & Commissions
Oanda’s fee structure is clear and straightforward, focusing on variable spreads with no typical account opening or maintenance fees. The standard account is spread-only, with EUR/USD starting from 1.4 pips and other major pairs also displaying variable but competitive spreads for a locally regulated broker. I find their spreads to be higher than some offshore or raw spread brokers but reasonable for a CIRO-regulated platform in Canada, offering the security of client protection and compliance standards.
For traders handling large volumes, the Elite Trader tier may appeal since it provides tighter spreads and possibly lower effective trading costs. However, reaching the minimum monthly trading volume ($10 million) is out of reach for most retail traders. What I appreciate is the absence of commission on typical CFD or forex trades: all costs are embedded in the spread, which removes ambiguity during trade execution but also means high-frequency traders might find pricing less appealing than brokers offering raw spreads plus commission.
Oanda largely avoids hidden fees. There is no opening or deposit fee, and your first withdrawal each month is free. A small fee is charged for subsequent withdrawals, aligning with the market's average. Importantly, an inactivity fee comes into play only after 12 consecutive months of no trading, which is standard for most regulated brokers. Currency conversion fees are charged if you trade or withdraw in a currency different from your account's base—this can add up for frequent cross-currency activity, so it’s worth tracking which pairs and assets you typically operate with.
Regarding crypto, Oanda offers a limited set of cryptocurrency CFDs with variable spreads that are generally higher than on major crypto-dedicated exchanges, but in line with other regulated multi-asset CFD brokers in Canada.
What are the account-related fees?
| Fee Type | Conditions at Oanda | Market Average |
|---|---|---|
| Opening fee | $0 | $0 |
| Maintenance fee | $0 | $0–$10/month |
| Withdrawal fee | $0 for first/month, $15 extra per withdrawal | $0–$25/transaction |
| Inactivity fee | $10/month after 12 months inactivity | $10–$20/month after 6–12 months |
| Currency conversion fee | 0.5% above interbank rate | 0.3%–1% |
Expert advice
Trader Tip:
To minimize costs, consider consolidating withdrawals to once per month and keeping your account funded in the currency you use most.
If you’re a high-frequency or volume trader, compare Oanda’s standard vs. Elite pricing—if you reach the Elite threshold, tighter spreads could offset higher volumes.
What are the fees on cryptocurrencies?
Oanda applies a variable spread to cryptocurrency CFDs, with no added commission and no overnight financing for typical short-term spot trades. As a CIRO-regulated broker, Oanda does not provide physical crypto custody, lending, or staking. Costs are less competitive than major crypto exchanges but generally in line with multi-asset CFD platforms targeting Canadian traders.
| Fee Type | Conditions at Oanda | Market Average (crypto/CFD brokers) |
|---|---|---|
| Buy/sell fees | Built into the spread (from ~0.75–2.5%) | 0.5%–2.5% |
| Spread fees | Included in quoted price, variable per currency | 0.7%–2.5% |
| Overnight fees | Applies for positions held past 5pm ET (variable) | 0.05%–0.15%/day |
| Custody fees | $0 (no custody, only CFDs) | $0 (CFDs); varies for crypto exchanges |
| Transfer fees | Not applicable (no transfers, CFD-only) | $0–$20 (for on-chain transfers) |
What are the fees on CFDs?
Oanda’s CFD trading costs are embedded in variable spreads, with no commission for standard accounts and no direct stock or ETF CFDs for Canadian users. Spreads on forex majors and key indices are competitive by local standards, though often wider than raw spread brokers. Overnight financing applies for leveraged positions held overnight and rates are clearly detailed on the platform. CFDs on cryptocurrency, indices, and commodities follow the same fee logic as FX, ensuring transparent pricing without hidden markups, but less ultra-tight than top-tier international brokers.
| Underlying Asset | Maximum Leverage | Spread at Oanda | Overnight Fee (approx.) | Market Average (CFD brokers) |
|---|---|---|---|---|
| CFD Stocks | N/A | Not offered | N/A | $5–$10 commission typical |
| Gold (XAU/USD) | 20:1 | from $0.25 | ~$0.10/oz/day | $0.20–$0.35/oz spread |
| Silver (XAG/USD) | 10:1 | from $0.02 | ~$0.02/oz/day | $0.03–$0.08/oz spread |
| Oil (WTI) | 5:1 | from $0.03 | ~$0.10 contract/day | $0.03–$0.08 contract spread |
| EUR/USD | 50:1 | from 1.4 pips ($0.00014) | $0.02/$1,000 position/day | 0.7–1.2 pips |
| EUR/GBP | 50:1 | from 1.7 pips | $0.03/$1,000 position/day | 1.0–1.4 pips |
| USD/JPY | 50:1 | from 1.4 pips | $0.02/$1,000 position/day | 0.8–1.2 pips |
| GBP/USD | 50:1 | from 1.6 pips | $0.03/$1,000 position/day | 1.0–1.3 pips |
| BEL 20 (BEL20) | 5:1 | from $1.0 (index pts) | $0.50/contract/day | $1.0–$1.5 |
| BTC/USD | 2:1 | from 1% of price | ~0.07%/day | 0.7–2.0% spread |
Assets & Markets
Oanda is well recognized in Canada for its focused and regulated approach to forex and CFD markets, providing over 68 currency pairs—a depth that meets the requirements of both new and advanced currency traders. The platform’s forex offering covers all major pairs, popular minors, and a selection of exotics, making it suitable for strategies that require global currency exposure or hedging flexibility.
For clients seeking to trade beyond forex, Oanda offers a modest selection of global indices, along with leading commodities including gold, silver, and crude oil. These CFD markets are liquid and offer variable leverage, allowing multi-asset strategies from a unified platform. However, you won’t find spot stock or ETF trading, nor stock or ETF CFDs, due to regulatory restrictions for Canadian users—this represents a clear limitation versus global or offshore brokers.
Crypto exposure at Oanda is limited and offered through CFDs only. The number of supported crypto assets is small and typically covers leading coins but does not include access to stablecoins, NFTs, or DeFi products. Traders looking for extensive digital asset diversification or on-chain functionality will need to look elsewhere, as Oanda’s crypto solution is designed narrowly for speculative trading rather than long-term holding or staking.
Bond markets and other derivatives are not available on Oanda’s Canadian platform. For active forex or CFD traders who prioritize regulatory safety, institutional-grade execution, and a solid trading interface (OANDA Trade, MT4), the lineup is robust, but those seeking direct equity or ETF access, or a larger crypto ecosystem, may find the selection too limited for some portfolio objectives.
| Asset Class | Type | Number at Oanda | Market Average | Example Assets |
|---|---|---|---|---|
| Stocks | N/A | 0 | 50–1,000+ | — |
| ETFs | N/A | 0 | 20–200+ | — |
| Cryptocurrencies | CFD | 3–5 | 8–20+ | Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) |
| Currencies (Forex) | Spot/CFD | 68+ | 30–70+ | EUR/USD, USD/CAD, GBP/JPY |
| Commodities | CFD | 8–12 | 5–20+ | Gold, Silver, US Oil, Natural Gas |
| Indices | CFD | 8–12 | 10–20+ | S&P 500, DAX 40, FTSE 100 |
| Bonds | N/A | 0 | 10–30 | — |
| Stablecoins | N/A | 0 | 2–10 | — |
| NFTs | N/A | 0 | 1–5 | — |
| Other derivatives | N/A | 0 | varies | — |
Trading Tools & Apps
Oanda’s proprietary OANDA Trade platform delivers a clean and modern user interface, making it highly approachable for new traders without sacrificing the advanced features valued by professionals. Navigation is straightforward, and real-time news, customizable workspaces, and one-click trading are neatly integrated, allowing for fast execution and active monitoring from both desktop and web.
The desktop and web versions excel in charting flexibility—offering a rich suite of drawing tools, multiple timeframes, and dozens of technical indicators. Beginners benefit from prebuilt configuration templates, while advanced users have the freedom to load and save custom analysis layouts. For traders seeking even more automation or custom technical analysis, Oanda’s integration with MetaTrader 4 (MT4) unlocks Expert Advisors, scripting, and access to the broadest ecosystem of custom indicators and trading bots.
Mobile functionality is a particular strength. The OANDA Trade app reproduces most desktop features with a fluid interface for iOS and Android, including live rates, advanced charts, and full-featured order entry. Balances, orders, and watchlists sync seamlessly between devices, allowing effective mobile order management and analytics. MT4 is also available as a mobile app for those coding and deploying automated strategies on the go.
Order execution is precise, with all industry-standard order types provided, such as market, limit, stop-loss, take-profit, trailing stop, and OCO. Direct stock or ETF trading is not supported for Canadians—Oanda’s product line centers on Forex, indices, and commodities, with limited crypto CFD access and no staking or DeFi features.
| Feature | Verified Details |
|---|---|
| Mobile app | OANDA Trade (iOS/Android), MT4 app; no TradingView app or crypto wallet |
| Usability | Modern, fluid, highly navigable interface (web, desktop, mobile) |
| Compatible software | OANDA Trade, MetaTrader 4 (MT4), REST/FIX API; no direct TradingView or crypto custody integration |
| Order types | Market, limit, stop-loss, take-profit, trailing stop, OCO orders |
| Charting and technical analysis | Complete set of built-in indicators, drawing tools, multi-chart layouts; scripting and automation via MT4 |
| Auto trading / Automated strategies | Full MT4 support for EAs, custom scripts, and bots; API access for algorithmic trading |
| Algorithmic trading | Supported via MT4 scripting, OANDA Trade API (REST/FIX); no AI trading features |
| Negative balance protection | Yes, for all accounts (in line with CIRO regulation) |
| Trading signals | In-platform price and news alerts; external MT4 tools and integrations available |
| Asset search and filters | Fast and effective search for Forex, CFDs, commodities, and available crypto instruments |
| Spot stock purchase | Not available (CFD/Forex and crypto-only for CA clients) |
| Staking and earn | Not available (no direct crypto or earn features for CA clients) |
Expert advice
Trip: Always explore OANDA’s demo mode to backtest your strategies, compare platform feel between OANDA Trade and MT4, and fine-tune order types—especially stop-loss and OCO—for your preferred trading style. Enable two-factor authentication to secure your account, and optimize mobile notifications for real-time order and price alerts on the go.
Account Opening and Deposits
Account opening
Opening an account with Oanda is fully online and straightforward. You start by filling out a registration form on the Oanda Canada website, providing your contact details and selecting your account preferences. To comply with CIRO (formerly IIROC) regulations, you’ll next complete a financial suitability questionnaire covering income, assets, trading experience, and investment goals. Then, you upload identity verification documents: a government-issued photo ID, a recent utility bill or bank statement as proof of address, and, if required, proof of income or source of funds.
Once all documents are submitted, Oanda reviews the application. Validation typically takes 1–2 business days, but can take longer during high-volume periods or if extra review is needed. When your account is approved, you’ll receive a confirmation email with login instructions and platform access.
Good to know
Choose your account base currency carefully at registration to avoid unnecessary conversion fees on deposits and withdrawals in the future.
| Item | Details |
|---|---|
| Opening procedure | Online registration, ID and proof of address upload, regulatory questionnaire |
| Validation time | 1–2 business days (may be longer during peak times or if docs are unclear) |
| Accepted deposit methods | Debit card (Visa/Mastercard), bank wire, ACH transfer |
| Minimum required deposit | $0 (no minimum for all Canadian accounts) |
| Required documents | Government-issued photo ID, recent proof of address, possibly proof of income |
| Practical tip | Scan/upload documents in colour and ensure names and addresses match registration |
Deposits and withdrawals on Oanda
Depositing or withdrawing funds with Oanda is both flexible and secure. You can fund your account using debit card (Visa or Mastercard), bank wire transfer, or ACH direct bank transfer— with all methods supporting Canadian dollars and other major currencies. Debit card deposits are usually processed instantly; bank transfers and withdrawals may take 1–6 business days depending on your bank and method.
Oanda does not charge deposit fees and your first withdrawal each month is free. Subsequent withdrawals in the same month may incur a small fee, so it’s wise to consolidate withdrawals when possible. There is no integrated crypto wallet, and funding via cryptocurrencies or stablecoins is not available—fiat payment rails only.
Good to know
Confirm your bank’s incoming/processing fees and check cutoff times, especially before weekends or holidays, to ensure smooth transfers.
| Payment method | Accepted currencies | Minimum amount | Processing time | Possible fees |
|---|---|---|---|---|
| Credit/debit card | CAD, USD, major FX | $0 | Instant (deposits) | None for deposits |
| Bank transfer | CAD, USD, major FX | $0 | 1–6 business days | Possible outgoing/incoming bank fees |
| E-wallets | Not supported (Canada) | — | — | — |
| Stablecoins/cryptos | Not available | — | — | — |
| Other local options | ACH transfer | $0 | 1–2 business days | Usually no fee from Oanda |
Account Types
Oanda is a CIRO-regulated CFD and Forex broker, providing access to global currency, index, commodity, and select crypto CFDs for Canadian users. Its flexible account structure is designed for both novice and experienced traders, offering a user-friendly demo environment as well as live trading with no minimum deposit. Oanda does not support direct stock, ETF, or crypto wallet investing, and Canadian clients cannot access Raw ECN, classic securities, or tax-advantaged accounts through this provider.
| Account Type | Available | Main Features |
|---|---|---|
| Demo account | ✅ | Unlimited, customizable virtual balance, test real market conditions (OANDA Trade, MT4) |
| Standard account | ✅ | No minimum deposit, full access to Forex/CFDs, CIRO regulation |
| Raw ECN account | ❌ | Not available for Canada; spread-only pricing or Elite tier by monthly volume |
| Islamic account | ❌ | Not publicly listed; users should contact support for possible arrangements |
| Professional account | ✅ | “Elite Trader” available for high-volume traders; lower spreads, commission-based |
| CFD account | ✅ | Yes—core product line: FX, indices, commodities, crypto CFDs |
| Classic securities account | ❌ | Not available; no direct stocks, bonds, or ETFs |
| Staking/earn account | ❌ | Not available; no DeFi, crypto staking, or yield-generating features |
| Cold storage account | ❌ | Not available; no crypto or digital asset custody |
| Tax-advantaged account | ❌ | Not available; no RRSP/TFSA or other registered account types |
| Accepted base currencies | ✅ | CAD, USD, and more depending on deposit method |
Expert advice
Trip: Take full advantage of Oanda’s unlimited demo account to test trading strategies and platform features without risking real capital—especially helpful before stepping up to the Elite Trader tier or when switching between OANDA Trade and MT4 interfaces.
How does Oanda compare to competitors?
| Oanda | Webull | Eightcap | Moomoo | |
|---|---|---|---|---|
| Minimum deposit | $0 | US$100 | $0 | |
| Number of instruments | Stocks, ETFs, Options | 800+ (Forex, Stock CFDs, Indices, Crypto CFDs) | Stocks, ETFs, Options | |
| Spreads (examples) | N/A (Commission: CA$2.99/trade) | EUR/USD: from 0.0 pips (+commission) GBP/USD: from 0.2 pips (+commission) Gold: from 0.13 | N/A (Commission: from CA$1.49/trade) | |
| Trading platforms | Webull Desktop, Web, Mobile | MT4, MT5, TradingView | Proprietary Web, Desktop, Mobile | |
| Regulation | CIRO (Canada) | FCA, ASIC, SCB (No CIRO) | CIRO (Canada) | |
| Demo account | ❌ | ✅ | ✅ | |
| Copy trading | ❌ | ❌ | ❌ | |
| Read the review | Read the review Webull | Read the review Eightcap | Read the review Moomoo |
GBP/USD: from 0.2 pips (+commission)
Gold: from 0.13
Customer reviews
Oanda holds a Trustpilot rating of 4.0 out of 5, based on 1,094 reviews.
Les utilisateurs mettent en avant plusieurs aspects positifs de la plateforme, notamment :
- Fast and straightforward account opening process
- Reliable execution and stable trading environment
- Responsive and knowledgeable customer support
- No minimum deposit requirement
- Flexible and customizable trading platforms (MT4 and OANDA Trade)
En revanche, plusieurs points négatifs sont régulièrement évoqués dans les avis :
- Occasional delays in withdrawal processing
- Inactivity fees after prolonged periods without trading
- Spreads can be higher than some competitors, especially for minor or exotic pairs
- Limited selection of assets for Canadian users (no stock CFDs)
- No copy trading or extended social trading features
Voici quelques exemples représentatifs d’avis publiés sur Trustpilot :
M.D. – 18/05/2025 : “Oanda has consistently provided excellent service over the many years I have been with them. Withdrawals are processed but sometimes take a bit longer than expected.”
R.S. – 22/04/2025 : “The platform is easy to use and customer support is responsive, but I wish they offered more tradable assets for Canadians.”
A.K. – 04/03/2025 : “Spreads are competitive for the majors but can get pretty wide during news events. Still, execution is reliable and opening my account was effortless.”
FAQ
Is Oanda regulated in CA?
Yes, Oanda is regulated in Canada by the Canadian Investment Regulatory Organization (CIRO, formerly IIROC). This regulatory status provides Canadian traders with investor protection standards, compliance oversight, and additional safeguards for client funds.
What is the minimum deposit on Oanda?
There is no minimum deposit required to open a standard account with Oanda in Canada. This makes the platform accessible for both beginners and advanced traders who want to start with any amount they are comfortable with.
Does Oanda offer a welcome bonus?
Oanda does not offer a welcome bonus or sign-up promotion for Canadian users. The company focuses on transparent pricing and regulatory compliance, and Canadian regulations typically restrict such incentive offers by regulated brokers.
How does leverage work on Oanda?
Leverage on Oanda follows Canadian regulatory limits. For retail traders, the maximum leverage is up to 50:1 for forex, and lower for other asset classes like indices and commodities. Leverage amplifies both potential gains and losses, so it should be used with caution.
How does Oanda make money?
Oanda generates revenue primarily through the spread—the difference between the buy and sell price—on each trade. For certain advanced or high-volume accounts, there may also be commissions. Additional income comes from inactivity fees and currency conversion fees when applicable.
Who is behind Oanda?
Oanda was co-founded by Dr. Michael Stumm and Dr. Richard Olsen in 1996. Today, it operates as OANDA Corporation with global offices and is led by an executive team experienced in fintech and capital markets. Oanda is well-established and recognized in the forex sector.
When was Oanda launched?
Oanda was founded in 1996 and has since become a leading name in retail forex and CFD trading. The broker has a long track record and serves clients around the world, including Canada, under local regulatory oversight.
Does Oanda offer copy trading or social trading?
Oanda does not offer copy trading, social trading, or PAMM accounts to Canadian users. The platform focuses on independent trading through its OANDA Trade platform and MetaTrader 4, but does provide a wide range of analytical and automated trading tools.
How can I contact Oanda’s customer service?
Oanda provides customer support via live web chat, WhatsApp, SMS, and email at frontdesk@oanda.com. Support operates from Sunday 4 p.m. ET to Friday 6 p.m. ET, offering prompt assistance to all Canadian clients.
Does Oanda offer any promotions or referral programs?
As of now, Oanda does not have active referral programs or promotions for new or existing clients in Canada. Their business approach aligns with regulatory expectations and prioritizes service quality and transparency over incentivized offers.
Is Oanda regulated in CA?
Yes, Oanda is regulated in Canada by the Canadian Investment Regulatory Organization (CIRO, formerly IIROC). This regulatory status provides Canadian traders with investor protection standards, compliance oversight, and additional safeguards for client funds.
What is the minimum deposit on Oanda?
There is no minimum deposit required to open a standard account with Oanda in Canada. This makes the platform accessible for both beginners and advanced traders who want to start with any amount they are comfortable with.
Does Oanda offer a welcome bonus?
Oanda does not offer a welcome bonus or sign-up promotion for Canadian users. The company focuses on transparent pricing and regulatory compliance, and Canadian regulations typically restrict such incentive offers by regulated brokers.
How does leverage work on Oanda?
Leverage on Oanda follows Canadian regulatory limits. For retail traders, the maximum leverage is up to 50:1 for forex, and lower for other asset classes like indices and commodities. Leverage amplifies both potential gains and losses, so it should be used with caution.
How does Oanda make money?
Oanda generates revenue primarily through the spread—the difference between the buy and sell price—on each trade. For certain advanced or high-volume accounts, there may also be commissions. Additional income comes from inactivity fees and currency conversion fees when applicable.
Who is behind Oanda?
Oanda was co-founded by Dr. Michael Stumm and Dr. Richard Olsen in 1996. Today, it operates as OANDA Corporation with global offices and is led by an executive team experienced in fintech and capital markets. Oanda is well-established and recognized in the forex sector.
When was Oanda launched?
Oanda was founded in 1996 and has since become a leading name in retail forex and CFD trading. The broker has a long track record and serves clients around the world, including Canada, under local regulatory oversight.
Does Oanda offer copy trading or social trading?
Oanda does not offer copy trading, social trading, or PAMM accounts to Canadian users. The platform focuses on independent trading through its OANDA Trade platform and MetaTrader 4, but does provide a wide range of analytical and automated trading tools.
How can I contact Oanda’s customer service?
Oanda provides customer support via live web chat, WhatsApp, SMS, and email at frontdesk@oanda.com. Support operates from Sunday 4 p.m. ET to Friday 6 p.m. ET, offering prompt assistance to all Canadian clients.
Does Oanda offer any promotions or referral programs?
As of now, Oanda does not have active referral programs or promotions for new or existing clients in Canada. Their business approach aligns with regulatory expectations and prioritizes service quality and transparency over incentivized offers.
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