BrokerĬFTC/NFA, FCA, FSA, MAS, ASIC, IIROC, MFSAįCA, Cyprus Securities and Exchange Commission (CySEC), Belize International Financial Services Commission (IFSC), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA)Ĥ000+ (FX, Commodity CFDs, Indices, Stocks, Cryptocurrency) You will find the following comparison table useful. In this context, we conducted a detail research regarding the best alternatives to Oanda. Each of them varies in terms of their cost structure, trading platform, data analytics, customer service, and other aspects. As specified above, there are pros and cons to every broker. Licensed by trustworthy regulatory bodies (CFTC, FCA, FSA, ASIC, IIROC, MAS)Īvailable in desktop, web, and mobile versionĪs an intelligent investor, you should always consider different brokers before settling with the best one that matches your investment needs. No “negative balance protection” for US Traders Oanda is a private company and not listed on a stock exchange and has no banking background. Even though it boasts to trade in over 100 instruments, those are limited to FX and CFD. One downside is that OANDA does not offer “negative balance protection” for its US traders. Its fxTrade platform comes with an impressive range of data visualization and analytical features, which is a rare thing in any retail trading platform. These regulations add to the credibility and trustworthiness of Oanda. It operates globally and abides by regional regulations such as CFTC, FCA, FSA, IIROC, ASIC, and MAS.
The best thing about Oanda is its user-friendly trading platform and advanced research tools to guide investment decisions. Malta: Malta Financial Services Agency (MFSA)įorex, CFD, Cryptocurrency, Spreadbettingĭebit Cards, Bank Transfer, Cheque, Swift, Payoneer FeatureĬommodity Futures Trading Commission (CFTC) and National Futures Association (NFA)Įurope: Financial Conduct Authority (FCA)Īsia (excluding Japan): Monetary Authority of Singapore (MAS)Īustralia: Australian Securities and Investment Commission (ASIC)Ĭanada: Investment Industry Regulatory Organization of Canada (IIROC) Opening an account is easy and straightforward, while the product portfolio is limited to CFDs and forex. It is a high-quality forex and CFD broker, offering great technical indicators and an API offer. OANDA is an excellent trading platform with powerful research and trading tools.