OANDA
Best for US forex traders who want a well-known name
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Before you sign up
Key facts
Regulators
CFTC/NFA (0325821), FCA (542574), ASIC (AFSL 412981), MAS, CIRO, FSA Japan, KNF
EUR/USD cost
US spread-only avg 1.4 pips; core pricing + $14 RT (needs $10k)
Minimum deposit
No minimum on standard; $10,000 for US core pricing
Platforms
OANDA web and mobile, TradingView, MetaTrader (varies by region)
Max leverage
50:1 majors (US)
Founded and headquarters
1996; owned by the FTMO group since Dec 2025
Pros
- One of few NFA-regulated forex brokers for US residents
- Licensed across many top-tier regulators
- TradingView integration
Cons
- US commission account costs about double raw-account peers
- Core pricing needs a $10,000 balance
Our review
OANDA is a go-to choice for US forex traders, regulated by the CFTC and NFA alongside the FCA, ASIC and others. Costs are higher than offshore-friendly peers: a 1.4-pip average EUR/USD spread on the US standard account, or $14 round-turn commission on core pricing.
In December 2025 OANDA was acquired by the FTMO group.
Score breakdown: Regulation 34/35, Costs 17/25, Platforms 13/15, Access 10/10, Track record 12/15.