Our Reputation Speaks for Itself
We believe being fair pays dividends in customer satisfaction
OANDA has been in the currency business since 1996. We are a market maker and a trusted source for currency data, with access to one of the world's largest historical, high frequency, filtered currency databases.
Our trading platform, OANDA fxTrade, was launched in 2001. It revolutionized online forex trading at a time when internet use was growing explosively. OANDA technology has helped push trading costs down for everyone—ten years ago, the typical spread on EUR/USD was 5-8 pips whereas today, it is below 1 pip.
Fully regulated, over-compliant
Financial regulations require OANDA to maintain capital reserves at specified levels. Our capital reserves far exceed these levels. We are also required to file financial reports with regulators in the jurisdictions where we do business; and retain an international professional accountant firm to audit our financial statements. We compile and submit our financial data to regulators on a regular basis.
How we manage counterparty risk
OANDA keeps customer funds in accounts at top tier banks, and it is our policy to only withdraw customer funds as a direct result of their trading-related activities or withdrawal requests.
We partner with the world's leading banks to both access and provide global forex liquidity. To manage currency exposure and risk, we use sophisticated risk management technology to net aggregate client positions automatically and anonymously, and we immediately hedge outstanding aggregated positions above predefined thresholds with our partner banks.
OANDA is a member of the following regulatory bodies:
- U.S. Commodity Futures Trading Commission (CFTC)
- U.S. National Futures Association (NFA)
- Monetary Authority of Singapore (MAS)
- Investment Industry Regulatory Organization of Canada (IIROC)
- Financial Services Authority (FSA)
- Japanese Financial Services Authority (FSA, KLFB)
- Financial Futures Association of Japan (FFAJ)
Read more about our regulatory compliance standards.