OANDA Review

Active CFD traders and ETF investors

KNF

Why investors choose this broker

0 EUR commission on eligible US share trades
10 ETF trades per month at 0 EUR commission
No account opening or management fee with one yearly trade
0 EUR fee on forex and selected CFD categories

Review summary

OANDA combines CFDs, real shares and ETFs with MT5, TradingView and mobile apps, plus 0 EUR commissions on eligible US shares and 10 ETF trades per month.

Pros

0 EUR commission on eligible US share trades
10 ETF trades per month at 0 EUR commission
No account opening or management fee with one yearly trade
0 EUR fee on forex and selected CFD categories
Demo account includes 50,000 virtual EUR
Reduced spreads up to 30% lower above 3k EUR balance
Unused CFD margin can earn 6%, 6.5% or 7% for three months
TradingView Plus access for up to 12 months with 10k+ EUR

Cons

US shares in USD accounts cost 0.29%, minimum 7 USD
ETF free trades are capped at 10 per month and €200,000 turnover
Reduced spreads require balances above 3000 EUR
TradingView Plus promo requires 10k+ EUR balance
Interest rates fall to 0.5% after the first three months
Bank transfers can take up to three business days
Card deposits have maximum payment limits by currency

Company background

OANDA is an online broker offering a CFDs account and a stocks account. Its EU website presents access to real shares, ETFs and CFDs on forex, indices, commodities, cryptocurrencies, shares and ETF funds. OANDA TMS Brokers S.A. is listed with a registered office in Warsaw, Warsaw UNIT, Daszyńskiego 1, 00-843 Warsaw.

Fees and pricing

The pricing is clearest where specific zero-fee offers apply. US shares are available with 0 EUR commission for accounts in EUR, PLN, CZK and RON, while US accounts in USD are listed at 0.29% with a 7 USD minimum commission. European share commissions are listed from 0.15% with a 5 EUR minimum, and Poland is listed at 0.19% with a 1 EUR minimum.

ETF pricing includes 10 commission-free trades per month up to €200,000 turnover. After that, the fee is 1 EUR/1 USD/5 PLN/5 RON or 0.10%. CFD pricing shows 0 EUR fees on forex and CFDs on indices, commodities and crypto, with no daily financing cost on specified US and German indices and selected commodities CFDs.

Regulation and safety

OANDA TMS Brokers is regulated by the Polish Financial Supervision Authority, KNF, based on a license issued on April 26, 2004. OANDA provides negative balance protection, participates in the Investor Compensation Scheme and keeps OANDA funds separate from client funds.

Platform experience

OANDA offers its OANDA TMS Trade platform on iPhone and Android. Clients can also trade through TradingView and MetaTrader 5, including web, installation and mobile access for MT5. The platform pages mention TradingView charts, market analysis tools, historical spreads, technical analysis and an economic overlay.

Pros and cons

The main strengths are clear fee savings on eligible US shares, ETF monthly free trades, a free demo account with 50,000 virtual EUR and TradingView or MT5 access. Limitations include balance requirements for reduced spreads and TradingView plan promotions, ETF free-trade caps, USD-account commissions on US shares and deposit processing limits.

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Open an account directly with the broker. Confirm current fees and account eligibility on the broker's website before depositing.

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Your capital is at risk. Other fees apply.

Trading fees & commissions

US shares are listed at 0 EUR commission for accounts in EUR, PLN, CZK and RON, while USD accounts pay 0.29% with a 7 USD minimum. ETFs include 10 commission-free trades per month up to €200,000 turnover, with later trades charged at 1 EUR/1 USD/5 PLN/5 RON or 0.10%. Card, bank transfer and instant bank transfer deposits are described as free from OANDA fees, although bank fees or conversion costs may apply.

Fees

Item	Fee
Cfds	0 EUR fee on Forex and CFD on indices, commodities, crypto; 0 EUR minimal fee on Shares and ETFs as CFDs
Margin	Interest rates of 6%, 6.5% and 7% apply for the first three months from opening the account; 0.5% after 3M
Account	No fee to open account and management (at least one trade a year)
Deposit	Credit card deposits are free of charge and OANDA does not charge any fees; all bank transfer deposits are free of charge and OANDA does not apply any charges; instant bank transfer has no additional OANDA fee
Min Deposit	25 EUR/USD/GBP or 1000 CZK or 120 RON for card deposits; 25 EUR or 1000 CZK or 120 RON for instant bank transfers

Trading platform & features

Platforms

Web app
iOS app
Android app
MT5
TradingView
OANDA TMS Trade

Regulation and investor protection

Broker FAQs

Is OANDA safe?

OANDA TMS Brokers is regulated by the Polish Financial Supervision Authority, KNF. OANDA provides negative balance protection, participates in the Investor Compensation Scheme and keeps OANDA funds separate from client funds.

Is OANDA a scam?

No. OANDA TMS Brokers is regulated by KNF based on a license issued on April 26, 2004, and has a registered office in Warsaw.

Is OANDA regulated and by whom?

OANDA TMS Brokers is regulated by the Polish Financial Supervision Authority, KNF, based on license KPWiG-4021-54-1/2004 issued on April 26, 2004.

What happens to my money if OANDA goes bankrupt?

OANDA participates in the Investor Compensation Scheme, which protects client funds in the event of broker bankruptcy. The brokerage account FAQ describes compensation protection up to a specified limit.

Does OANDA keep client funds in segregated accounts?

Yes. OANDA keeps its own funds separate from client funds at all times.

What products does OANDA offer?

OANDA offers real shares and ETFs through its stocks account. Its CFD account covers forex, indices, commodities, cryptocurrencies, shares and ETF funds as CFDs.

What does OANDA charge for stock trades?

US shares are listed at 0% commission with a 0 EUR minimum, while US trades in USD accounts are listed at 0.29% with a 7 USD minimum. Germany, France, Spain and the UK are listed at 0.15% with a 5 EUR minimum, and Poland is listed at 0.19% with a 1 EUR minimum.

Does OANDA offer ETFs?

Yes. OANDA offers ETFs through its stocks account and lists more than 350 ETFs, with 10 commission-free ETF trades per month up to €200,000 turnover.

Does OANDA offer crypto?

OANDA offers cryptocurrency CFDs. Its crypto CFD page mentions CFDs on bitcoin cash, litecoin and ethereum.

What is the minimum deposit at OANDA?

For card deposits, the listed minimum is 25 EUR/USD/GBP or 1000 CZK or 120 RON. For instant bank transfers, the listed minimum is 25 EUR or 1000 CZK or 120 RON.

Does OANDA have a demo account?

Yes. OANDA offers a demo account with 50,000 virtual EUR for CFDs on forex, indices, commodities, crypto, shares and ETFs.

Does OANDA have a mobile app?

Yes. OANDA offers an iOS app and an Android app, and the mobile app page describes investing in stocks, currencies and CFDs on the go.

Does OANDA support TradingView?

Yes. OANDA supports trading through TradingView with an OANDA CFDs account. The site also describes promo codes for TradingView Essential or Plus plans based on account balance.

Does OANDA offer MT5?

Yes. OANDA offers MetaTrader 5. The MT5 page lists installation, web and mobile availability, along with one-click trading, built-in indicators, analytical tools and MQL5.

How do I open an account at OANDA?

OANDA describes an online onboarding process. The steps include going through onboarding, providing required ID or passport documents, funding the account and starting to trade.

Are there hidden fees at OANDA?

OANDA lists no fee to open or manage the account when at least one trade is made a year and no fee for access to live market data. Bank fees or conversion costs may apply on deposits.

Bottom line

OANDA suits traders who want CFDs, real shares and ETFs in one account environment with MT5, TradingView and mobile access. It may be less suitable for users who want unlimited free ETF trades, USD-based US stock trading without minimum commissions or reduced spreads without balance requirements.

OANDA

Active CFD traders and ETF investors

Open Account

Your capital is at risk. Other fees apply.