OANDA review: is it safe for gold trading?

Is OANDA safe?

OANDA is a 30-year-old broker headquartered in New York, US. The group has 7 regulated companies (CFTC, FCA, ASIC, MAS, CIRO, JFSA, FSC). How safe it is for you depends on which one opens your account: in 6 of the 22 countries we cover that is a Tier 1–2 regulated company. Elsewhere it is OANDA Global Markets Ltd (FSC, Tier 4 · light offshore).

Regulation and licences

Each regulator name links to its own public register. Search the exact company name from your account agreement there before you deposit. How to verify a licence

Which company holds your account

OANDA assigns clients to different companies depending on where they live. This is the company, regulator and score you would get in each country we cover.

Trading gold with OANDA

Platforms

MT4, MT5, TradingView, Own platform

Minimum gold order

0.01 lot (1 oz)

Swap-free account

No

Minimum deposit

$0

Round-trip cost, 1 lot XAUUSD

Not measured yet

Spread widening at NFP

Not measured yet

Withdrawal time

Not measured yet

Overnight swap, 1 lot long

Not measured yet

Cost, news-spread and withdrawal tests run on live accounts from our gold cost lab. Results appear here as each broker is tested. Gold pip value calculator · Margin calculator

Fees, deposits and withdrawals

What the broker publishes about deposits, withdrawals and fees. These are the broker’s own terms, collected from independent reviews and the broker’s pages, not our lab measurements.

Minimum deposit

0 on the standard account

Inactivity fee

10 USD a month after 12 months without activity

Deposit fee

None from broker

Withdrawal fee

Third-party costs may apply; 0.5% currency conversion

Withdrawal time

Not published in the review we used

Account types

Standard (spread only) · Core / raw pricing with commission (minimums vary by entity)

Raw account commission

About 5 USD per lot (50 USD per million traded) on the commission account, per DailyForex

Payment methods

Bank transfer · Visa/Mastercard · PayPal or Neteller (varies by region)

• Accepts US clients through OANDA Corporation (CFTC/NFA)
• In February 2025, CVC agreed to sell OANDA to FTMO Group, subject to regulatory approval

Checked 2026-11-05. Terms change; confirm on the broker’s site before you deposit.

Regulatory record

• Fine2025 · NFA (US) · OANDA Corporation

  USD 600,000 fine for net-capital miscalculation, security-deposit and supervision failures and promotional material

  Source ↗

• Fine2020 · CFTC (US) · OANDA Corporation

  USD 500,000 penalty for minimum-capital, reporting and supervision violations

  Source ↗

Fines and regulator orders in the last five years reduce the protection score: −4 each, up to −12. Self-reported breaches that were compensated, and public warnings, are shown but not scored.

Score breakdown

For clients in countries without a local licence (account held by OANDA Global Markets Ltd): 40 / 100 · Measured so far: 45 of 100 weight points

Full methodology and data rules →

Pros and cons

What traders say

The Trader Voice score sits beside our expert score and is never mixed into it. It combines public review scores with ratings from our own readers.

Trustpilot scores reflect who a broker invites to review, so we temper them with the share of one-star reviews. Reader ratings count after an account is 72 hours old; one rating per account per broker. Full methodology and data rules

Trader evidence

What readers report from their own accounts: how long withdrawals took, complaints whose evidence our editors checked, and corrections to our data. Nobody can pay to remove a complaint.

Questions

Alternatives

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