OANDA
Trusted forex broker since 1996, available to US clients
4.5Forex BrokersMin $0
OANDA is one of the longest-running retail forex brokers, founded in 1996 in New York. Strong reputation for transparent pricing, reliable execution and a robust API. One of the few major brokers that accepts US retail clients.
Pros
- Accepts US clients (regulated by NFA & CFTC)
- No minimum deposit
- Strong API for algorithmic traders
- Long track record (30+ years)
Cons
- Higher spreads than ECN-style brokers
- No MT5 in the US
- Limited number of forex pairs vs. some competitors
Fees
Spread-only pricing on Standard account (from ~1.4 pips EUR/USD US, ~0.9 pips non-US). No commissions, no inactivity fee in the US for active accounts. Wire-transfer withdrawals may incur bank fees.
Regulation
NFA (US, 0325821), CFTC (US), FCA (UK, 542574), ASIC (Australia, 412981), MFSA (Malta), MAS (Singapore), JFSA (Japan), IIROC (Canada).
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