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Costs, platforms and protection first

OANDA

United Kingdom · OANDA Europe Limited

Costs
EUR/USD from 0.6 pips; financing costs are separate.
Platforms
OANDA web/app, MT4, MT5 and TradingView.
Client protection
UK retail clients have negative balance protection.
Sources and applicability

Public documents for the named entity/account. Confirm residence acceptance when applying.

Client protection

Not extended to professional accounts or foreign entities.

Platforms FAQ — retail losses ↗ · 2026-09-29

Terms for the named entities. Minimum spreads are not total costs or a cheapest-first ranking.

OANDA

  • Active coverage
Brand overview and official site

OANDA operates through 10 legal entities recorded in the current FXVeritas research file across United States, United Kingdom, Canada, Australia, Singapore, Poland, Japan, and British Virgin Islands.

Official website snapshot
An official website snapshot is not on file for this broker.

Official website snapshot

Client protection

Shown per legal entity. Group-wide claims are not used.

OANDA Europe Limited

Segregated client money
OEL Terms cl. 15.1–15.2: money held for Retail and Professional clients is treated as Client Money under the FCA Client Money Rules and held in segregated Client Money bank accounts with UK banks or credit institutions.
Negative balance protection
OEL Terms cl. 6.2: retail clients receive negative balance protection and aggregate liability is limited to funds on the Account. Professional clients are liable for all negative balances.
Investor compensation
Opened OEL risk disclosure: eligible compensation up to £85,000 if the firm fails; up to £85,000 if the bank holding segregated client money fails. OEL Terms of Business 1 July 2025 cl. 31.5 cover FSCS without printing a sterling cap.
Compensation limit
£85,000
Retail / professional difference
Retail NBP in cl. 6.2 / Professional clients remain liable for negative balances
Insolvency treatment
FSCS is described as a compensation scheme if the firm cannot meet its obligations, not a full-balance guarantee

OANDA (Canada) Corporation ULC

Segregated client money
Not recorded
Negative balance protection
Not recorded
Investor compensation
CIPF up to CAD 1,000,000 within specified limits (official risk disclosure).
Compensation limit
Not recorded
Retail / professional difference
Not recorded
Insolvency treatment
Not recorded

OANDA Asia Pacific Pte. Ltd.

Segregated client money
Not recorded
Negative balance protection
Not recorded
Investor compensation
Not recorded
Compensation limit
Not recorded
Retail / professional difference
Not recorded
Insolvency treatment
Not recorded

OANDA Corporation

Segregated client money
Not recorded
Negative balance protection
Not recorded
Investor compensation
No statutory retail FX compensation scheme stated on opened US pages.
Compensation limit
Not recorded
Retail / professional difference
Not recorded
Insolvency treatment
Not recorded

OANDA Australia Pty Ltd

Segregated client money
Not recorded
Negative balance protection
Not recorded
Investor compensation
No statutory compensation scheme stated on opened AU pages.
Compensation limit
Not recorded
Retail / professional difference
Not recorded
Insolvency treatment
Not recorded

OANDA TMS Brokers S.A.

Segregated client money
Not recorded
Negative balance protection
Not recorded
Investor compensation
Not recorded
Compensation limit
Not recorded
Retail / professional difference
Not recorded
Insolvency treatment
Not recorded

OANDA Japan Inc.

Segregated client money
Not recorded
Negative balance protection
Not recorded
Investor compensation
Not recorded
Compensation limit
Not recorded
Retail / professional difference
Not recorded
Insolvency treatment
Not recorded

OANDA Global Markets Limited

Segregated client money
Not recorded
Negative balance protection
Not recorded
Investor compensation
None stated on opened BVI pages.
Compensation limit
Not recorded
Retail / professional difference
Not recorded
Insolvency treatment
Not recorded

Before you apply

Application-condition research. Approval and account opening are not guaranteed.

Australia · OANDA Australia Pty LtdResident application route stated

Official FAQ explicitly maps residents to this entity.

The FAQ expressly permits residents of this country to apply to the named entity. Every application is assessed individually and can be declined.

Your next check: Check the contracting entity and current terms when applying. Identity checks and approval still apply.

Read official source ↗

OANDA — Residence and contracting divisions · Source checked:

United Kingdom · OANDA Europe LimitedResident application route stated

Official FAQ explicitly maps residents to this entity.

The FAQ expressly permits residents of this country to apply to the named entity. Every application is assessed individually and can be declined.

Your next check: Check the contracting entity and current terms when applying. Identity checks and approval still apply.

Read official source ↗

OANDA — Residence and contracting divisions · Source checked:

Singapore · OANDA Asia Pacific Pte LtdResident application route stated

Official FAQ explicitly maps residents to this entity.

The FAQ expressly permits residents of this country to apply to the named entity. Every application is assessed individually and can be declined.

PayNow and FAST are listed; PayLah/Google Pay are not accepted. Withdrawals have same-name and same-country conditions.

Read official source ↗ · 2026-09-29

Your next check: Check the contracting entity and current terms when applying. Identity checks and approval still apply.

Read official source ↗

OANDA — Residence and contracting divisions · Source checked:

What the sources show

Each finding shows its own check date and applies only to the named entity and source; the group file remains incomplete.

Entity matched; identifier scope below ·

OANDA Global Markets Limited

BVI FSC lists OANDA Global Markets Limited as currently regulated for dealing as principal. OANDA supplies licence SIBA/L/20/1130 and company number 2026433. The register page does not print the licence number.

Sources and scope

Client-protection evidence ·

OANDA Global Markets Limited

OANDA describes pooled segregated client accounts. Its liquidation explanation deducts administration costs and notes possible delays for term deposits. This is not a compensation guarantee or proof of UK FSCS cover.

Sources and scope
Source comparison log →

Research changes

These are saved research additions, not dates when a regulator changed a licence. Previous source-check and import records remain in the audit archive.

  1. · Research record updated

    OANDA · BVI register scope and liquidation caveats recorded

  2. · Source check

    OANDA · OANDA Europe Limited · costs source check

  3. · Source check

    OANDA · OANDA Europe Limited · protection source check

View full research history →