About the broker
OANDA is a CFD broker that offers traders a wide range of trading instruments, including forex, indices, commodities and bonds. This broker was founded in 1999 and is regulated by the UK regulator FCA. OANDA provides the ability to trade with a minimum trade of 1 contract, making trading accessible to a wide range of traders.
There is no minimum deposit with this broker, allowing traders to start trading with any amount. OANDA also offers a demo account that allows traders to practice without the risk of real funds.
The broker has a mobile app for trading on the go and allows accounts in a variety of currencies, including USD, EUR, CHF and GBP. Fees at OANDA include spread, swap, inactivity and withdrawal fees. The spread at this broker starts from approximately 0.01% (EUR/USD from 1 pip). OANDA allows deposits and withdrawals via credit cards, PayPal and bank transfer.