OANDA

OANDA is one of the oldest forex brokers in the world, with its founding year recorded on Teagle as 1996. Its international entity, OANDA Global Markets, offers CFD trading on forex, cryptocurrencies, indices, metals and stocks. In this overview, the Teagle editorial team reviews OANDA's licenses, accounts, platforms and limitations based on Teagle data; a reputable broker that is not available to residents of Iran.

What kind of broker is OANDA?

OANDA has around 30 years of history, and the profile recorded on Teagle describes it as a broker with more than 25 years of experience. According to the same profile, OANDA Global Markets operates under the supervision of the British Virgin Islands Financial Services Commission (BVI FSC). OANDA's additional services include education, expert advisors and trading bots, VPS, a trading API, an economic calendar and a forex calculator, and bonuses, cashback and rebates also appear in the list of services. According to Teagle's tags, trading during news and using expert advisors are allowed, and deposit insurance is also listed in these tags.

OANDA licenses and credibility

According to the FAQ recorded on Teagle, the OANDA group operates under the supervision of eight jurisdictions. Three entries are recorded in Teagle's license list:

• UK FCA (No. 7110087);
• Monetary Authority of Singapore (MAS) (No. 200704926K);
• Australia's ASIC (No. 412981).

The status of these licenses (active or inactive) is not recorded in Teagle's data, and this has affected the risk score. Another important point is that the international entity, OANDA Global Markets, is supervised by the BVI FSC, which is considered an offshore regulator; so international clients do not necessarily enjoy FCA or ASIC protection. To understand this difference, read the guide to broker regulation tiers and the article the difference between offshore and onshore brokers .

Does OANDA serve Iranians?

No. Under the company's policies, OANDA does not provide services to individuals and entities subject to international sanctions, including residents of Iran. It has no Persian website or support, and "IP change required" is recorded in Teagle's tags. Teagle's expert states explicitly that OANDA is "not suitable at all" for traders living in Iran.

OANDA trading accounts

OANDA has three accounts with no minimum deposit and no commission, all offered with floating spreads, no requotes and a 50% stop-out on MT5, fxTrade and TradingView:

• Standard account: spreads from 0.6 pips.
• Premium account: spreads from 0.7 pips.
• Premium Plus account: spreads from 0.1 pips.

The maximum leverage in Teagle's general specifications is recorded as 1:200. The accounts table shows the Islamic version as "Yes" for all three accounts, but Teagle's expert has mentioned the absence of an Islamic (swap-free) account; if this matters to you, ask support before signing up. According to Teagle's expert, scalping is prohibited at OANDA; if that is your style, see the article brokers suitable for scalping .

Negative balance risk at OANDA

Teagle's expert warns that at OANDA losses can exceed your entire capital and the client is responsible for paying a negative balance. The broker's profile also stresses that trading in these markets can lead to losses greater than the initial capital. This risk is very high for retail users; before any trade, understand the concept of margin and collateral and methods of loss control and risk management .

OANDA trading platforms

OANDA offers MetaTrader 5 for Windows, Android, iOS and web, its own fxTrade mobile app for Android and iOS, and a direct connection to TradingView. The TradingView connection is one of the reasons Teagle's expert considers OANDA suitable for professional traders.

Deposits and withdrawals at OANDA

The listed methods include credit card, bank wire, Skrill, Neteller and other alternative transfer methods. The fee and processing time table for this broker is not recorded in Teagle's data, and there is no Rial method.

OANDA's score and risk on Teagle

OANDA's final score on Teagle is 3.72 out of 5: WikiFX 4.6, Teagle expert 4, Trustpilot 3.6 and Forex Peace Army 2.674; no reviews from Teagle users have been posted yet. OANDA's Teagle Eye risk score is 65 out of 100, in the "High risk" category. The main reason for this figure is that no active status is listed for the recorded licenses, so the score did not count them as active licenses; this figure therefore reflects a lack of data more than a definitive assessment.

Pros and cons of OANDA

• Pro: long track record and supervision in several jurisdictions
• Pro: access to MT5, fxTrade and TradingView
• Pro: no minimum deposit and no commission
• Con: no services for Iran and no Persian website or support
• Con: scalping prohibited according to Teagle's expert assessment
• Con: possible losses beyond capital, with the client responsible for negative balances

Who is OANDA suitable for?

OANDA suits professional traders living outside Iran who want an established, regulated broker connected to TradingView. It is not suitable for residents of Iran, beginners, those looking for an Islamic or traditional account, or scalpers. For a comparison with another established broker, see the OANDA vs FXCM comparison .

Conclusion

OANDA is an established, multi-licensed broker, but it is not available to Iranians, and its negative balance risk makes it high-risk for retail users. If you are eligible, check the entity providing your account, start with a small amount, make a test withdrawal and follow new warnings on Teagle's risk warning page .