BrokerSafari Evidence Score
This is an evidence-based editorial calculation, not a guarantee of safety, an account test or an investment recommendation. It uses only the structured research recorded for this broker, never another website’s rating.
| BrokerSafari Evidence Score | 7.9 / 10 — Good |
|---|---|
| Evidence confidence | medium |
| Evidence coverage | 71% |
| Assessed quality score | 8.2 / 10 |
| Evidence-gap penalty | −0.3 |
| Score before caps | 7.9 / 10 |
| Calculated score after caps | 7.9 / 10 |
| Regulation & Legal Entity | Weight 30%; coverage 66.7% (2/3 inputs). Quality 8.3 / 10; 24.9 / 30 weighted points before normalization and penalties. |
|---|---|
| Safety & Client Protection | Weight 20%; coverage 25% (1/4 inputs). Quality 8.0 / 10; 16 / 20 weighted points before normalization and penalties. |
| Transparency | Weight 15%; coverage 100% (4/4 inputs). Quality 8.6 / 10; 12.9 / 15 weighted points before normalization and penalties. |
| Fees & Trading Costs | Weight 10%; coverage 100% (4/4 inputs). Quality 8.3 / 10; 8.3 / 10 weighted points before normalization and penalties. |
| Deposits & Withdrawals | Weight 10%; coverage 60% (3/5 inputs). Quality 7.5 / 10; 7.5 / 10 weighted points before normalization and penalties. |
| Trading Platform & Products | Weight 10%; coverage 100% (4/4 inputs). Quality 7.9 / 10; 7.9 / 10 weighted points before normalization and penalties. |
| Track Record & Independent Evidence | Weight 5%; coverage 100% (2/2 inputs). Quality 8.5 / 10; 4.3 / 5 weighted points before normalization and penalties. |
Quality uses only assessable inputs. Entirely unassessed categories are excluded and remaining category weights are normalized; missing evidence is not zero quality. Coverage separately measures assessed input weight out of 100%. A gap penalty of 0.0, 0.3, 0.7 or 1.2 is applied before regulatory caps. Source strength affects confidence, not a direct multiplication of the quality score.
Rating cap
None.
Why this score?
Verified strengths
- Regulation & Legal Entity — Account-serving legal entity: partially verified. Partial verification only; unresolved scope remains an evidence gap.
- Regulation & Legal Entity — Relevant financial regulation: partially verified. Only the documented relevant entity/permission is verified, not every group licence or account.
- Trading Platform & Products — Platform identity and clarity: partially verified. Partial verification only; unresolved scope remains an evidence gap.
Provider-disclosed evidence
- Safety & Client Protection — Negative-balance protection: partial. Conditional protection is disclosed; account-specific independent verification is not established.
- Transparency — Company transparency: high.
- Transparency — Legal-document transparency: high.
- Transparency — Regulatory-disclosure transparency: high.
- Transparency — Contact transparency: medium.
- Fees & Trading Costs — Spread transparency: high.
- Fees & Trading Costs — Commission transparency: high.
- Fees & Trading Costs — Overnight-fee transparency: medium.
- Fees & Trading Costs — Live trading-cost testing/corroboration: provider disclosed only.
- Deposits & Withdrawals — Deposit and withdrawal fee transparency: medium.
- Deposits & Withdrawals — Payment-method transparency: medium.
- Deposits & Withdrawals — Withdrawal-term transparency: medium.
- Trading Platform & Products — Mobile availability: disclosed.
- Trading Platform & Products — Trading-product transparency: medium.
- Trading Platform & Products — Platform testing: provider disclosed only.
- Track Record & Independent Evidence — Operating history: long.
Supplementary independent evidence
- Track Record & Independent Evidence — Independent-source documentation: medium.
Evidence gaps
- Regulation & Legal Entity — Regulatory warnings and enforcement: unassessed.
- Safety & Client Protection — Client-money segregation: unassessed.
- Safety & Client Protection — Investor-protection coverage: unassessed.
- Safety & Client Protection — Security controls: unassessed.
- Deposits & Withdrawals — Independent withdrawal testing/corroboration: unassessed.
- Deposits & Withdrawals — Verified withdrawal findings: unassessed.
- A relevant entity/regulator relationship is verified; other group licences and account-specific coverage remain unresolved.
Verified concerns
No verified adverse finding is recorded in these inputs. This is not a clean bill of health or continuous monitoring.
Broker Overview
OANDA operates a global trading business through separate legal entities. Its group website identifies OANDA Europe Limited in the UK and Europe, OANDA Corporation in the United States, OANDA TMS Brokers S.A. in Poland, OANDA Asia Pacific Pte Ltd in Singapore, OANDA Australia Pty Ltd, and other companies. The relevant service and legal protections depend on which company serves a customer.
This review independently matched OANDA Europe Limited to FCA reference 542574. OANDA’s own disclosure pages describe the wider group and identify additional regulators. Those provider disclosures are useful for locating the relevant entity, but are not all independently confirmed regulator entries in this research pass.
OANDA describes products and pricing by market. UK pages describe a particular UK offering; US, Canadian and Australian pages can describe different instruments, platform choices, payment methods and costs. We keep those differences visible and do not treat one region’s schedule as applicable worldwide.
This is a public-source review. We did not open an account, measure live spreads, place orders, test an application or process a deposit/withdrawal.
Source: OANDA — global group and company information · Last Checked:
Regulation
The FCA register identifies OANDA Europe Limited as an authorized firm under FRN 542574. OANDA’s group page states company number 07110087 and gives its UK registered office. The FCA record must be checked for permitted activities, restrictions and the status of the specific service being considered.
OANDA’s regulatory public disclosures name entities in several jurisdictions, including US CFTC/NFA, UK FCA, Poland KNF, Singapore MAS, Canada CIRO, Australia ASIC, Japan and OANDA Global Markets. These are provider statements about a group structure; each entity’s permissions and services should be confirmed with its own regulator.
This review does not represent a complete regulator-by-regulator status or enforcement search. The warning field remains unknown. A register entry for one company does not validate the account, product or client classification of another.
Source: FCA — OANDA Europe Limited · Last Checked:
Source: OANDA — Regulatory Public Disclosures · Last Checked:
Source: OANDA — global legal entities · Last Checked:
Legal Entities
OANDA’s group and regulatory pages name multiple companies. Only OANDA Europe Limited is matched here to a regulator-hosted record. The other companies are included as provider disclosures to show why the customer agreement matters; they should not be read as independently confirmed permissions.
| OANDA Europe Limited | United Kingdom. Matched to FCA FRN 542574; company number 07110087 is also stated by OANDA. |
|---|---|
| OANDA Corporation | United States. Named by OANDA as a CFTC/NFA-regulated company; exact current register scope was not independently reviewed for this page. |
| OANDA Asia Pacific Pte Ltd | Singapore. Named by OANDA as holding a MAS Capital Markets Services licence; specific licence number and permissions are not independently confirmed here. |
| OANDA Australia Pty Ltd | Australia. Named by OANDA as ASIC-regulated; specific account and current permission scope were not independently checked in this review. |
Source: OANDA — group company details · Last Checked:
Source: OANDA — regulatory disclosure · Last Checked:
License Information
OANDA Europe Limited
Authority: Financial Conduct Authority (FCA) (United Kingdom). Licence identifier: FRN 542574.
Evidence status: The FCA register identifies OANDA Europe Limited and FRN 542574. OANDA’s group page gives the company registration number 07110087 and describes its UK and European regulatory status.
Source: FCA Financial Services Register — OANDA Europe Limited · Last Checked:
OANDA’s US legal page states NFA membership number 0325821 for OANDA Corporation; the group’s disclosures also name local regulators. Those statements are not a substitute for checking the exact record and service scope on each authority’s public register. For UK/European services, start with OANDA Europe Limited and FCA FRN 542574.
Source: OANDA US — regulatory and legal disclosures · Last Checked:
Company Information
| Brand / group | OANDA; global operations are described as several legal companies. |
|---|---|
| Verified UK entity | OANDA Europe Limited. |
| UK company number | 07110087, stated on OANDA’s group page. |
| Other disclosed companies | OANDA Corporation, OANDA TMS Brokers S.A., OANDA Asia Pacific Pte Ltd, OANDA Australia Pty Ltd and others. |
| Ownership and consolidated financial assessment | Not assessed from the cited sources. |
Source: OANDA — group and company information · Last Checked:
Source: FCA — OANDA Europe Limited record · Last Checked:
Trading Platforms
OANDA’s platform offering is region-specific. Public pages list OANDA Trade on web and mobile, with third-party options such as MetaTrader 4, MetaTrader 5 or TradingView appearing in certain markets. The platform page cited here is the Canadian site and should not be mistaken for a UK platform list.
Check the local platform page and entity agreement for supported devices, instruments, order types and fees. No hands-on evaluation was conducted. We do not make claims about uptime, chart accuracy, order routing, price improvement or mobile usability.
Source: OANDA Canada — platform availability · Last Checked:
Source: OANDA UK — account and customer portal information · Last Checked:
Trading Products
OANDA’s website describes forex trading and, in some jurisdictions, CFDs on other markets. Product availability can differ substantially: a US forex account is not the same offer as an international CFD account, and instruments described on one regional site may not be available to customers of another.
A CFD provides exposure to price movements under a contract and does not normally transfer ownership of the underlying asset. Read the applicable product disclosure for margin, leverage, trading hours, financing and loss limits. This review does not claim that every asset category is offered globally.
Source: OANDA — jurisdiction and regulated-market disclosures · Last Checked:
Source: OANDA UK — pricing and instrument information · Last Checked:
Trading Conditions
| Pricing model | OANDA describes spread-only pricing; other markets may offer spread-plus-commission structures. |
|---|---|
| Account options | Eligibility and account type depend on country and legal entity. |
| Leverage and margin | Local regulatory limits and product terms apply; no global leverage value is asserted. |
| Platform access | Web, mobile and third-party platform access varies by region. |
| Execution | No independent live-order or slippage testing was performed. |
| Minimum funding / base currency | Check the local funding portal and account agreement; no global minimum is claimed. |
A meaningful cost comparison needs a specific instrument, account, currency and time horizon. A spread-only account still pays through the bid-ask spread and may incur financing, conversion or payment charges. Never infer from a region’s account page that the same conditions apply to a different OANDA company.
Source: OANDA UK — trading pricing · Last Checked:
Fees
OANDA’s UK pricing page describes spread-based trading and refers customers to instrument and financing details. OANDA’s US disclosures explain that different account types can use spread-only or reduced-spread-plus-commission pricing. That U.S. explanation is not a fee schedule for UK or other international accounts.
Overnight financing, currency conversion, market-data and payment costs can materially change total cost. Check whether charges are calculated per day, per position or by instrument, and whether a stated rate is indicative. A spread observed on an account page is a variable quote, not an assured cost at execution.
We did not collect a time series of quotes, compare actual fills or calculate an all-in sample trade. All descriptions are provider-disclosed, and the Evidence Score marks live cost testing as unperformed.
Source: OANDA UK — pricing and charges · Last Checked:
Source: OANDA US — pricing model disclosure · Last Checked:
Deposit & Withdrawal
OANDA’s UK deposits and withdrawals page describes the customer portal workflow and directs customers to manage funds through their account. Payment methods, minimums, processing times and transfer limits vary by jurisdiction and may be visible only after login.
OANDA’s US funding page, for example, describes debit cards, wire transfer and ACH for eligible US accounts, with its own processing limits. Those US methods do not establish the UK or international funding offer. The account holder should confirm the exact method, fees, conversion, name-matching and withdrawal conditions before sending money.
We did not fund an account or test withdrawal processing. No independent withdrawal performance finding is made. Bank or card-provider charges may apply even where the broker does not charge a fee.
Source: OANDA UK — deposits and withdrawals · Last Checked:
Source: OANDA US — funding and withdrawals (US-specific) · Last Checked:
Research Summary
Sources reviewed include the FCA record for OANDA Europe Limited, OANDA’s group page, its regulatory disclosures, UK pricing and funding pages, and platform/legal pages for other regions. The distinction between regulator-hosted evidence and provider disclosures is maintained throughout this review.
We did not verify every listed subsidiary or licence against every regulator, assess the group’s financial strength, or test any customer-facing process. This page is not an exhaustive legal-entity map. The account-serving entity and terms should be confirmed from the live application.
BrokerSafari’s Evidence Score is calculated from the structured facts in this review. Unknown warnings, account scope and performance remain gaps; they are not interpreted as proof of misconduct or proof of satisfactory outcomes.
Source: FCA — OANDA Europe Limited · Last Checked:
Source: OANDA — group company disclosures · Last Checked:
Safety / Regulation Analysis
The FCA register is relevant only to OANDA Europe Limited and activities within its permissions. OANDA lists companies regulated in multiple markets, but each has a separate legal identity and scope. Do not infer that UK client protections apply to a US, Canadian, Australian, Singaporean or international account.
OANDA’s UK professional-account page says retail clients receive negative-balance protection and that professional clients lose certain protections. The page is an OANDA disclosure, not an independent guarantee for every entity. We did not establish the client-money or compensation treatment for a specific account; those details must be checked in the applicable terms.
We did not complete a comprehensive official warning or enforcement review across the group. The Evidence Score does not classify warning status as clear. Check current regulator records and official clone notices before acting.
Forex and CFDs can involve leverage and substantial losses. This article provides general research, not individualized financial advice or a recommendation to trade.
Source: FCA — OANDA Europe Limited · Last Checked:
Source: OANDA — Regulatory Public Disclosures · Last Checked:
Source: OANDA UK — retail and professional protections · Last Checked:
Source: OANDA UK — platform and retail risk disclosures · Last Checked:
What We Could Verify
The FCA register and OANDA’s corporate page identify OANDA Europe Limited and the FCA reference used here. OANDA’s group pages name a set of other companies and corresponding regulators. Its separate regional pricing and funding pages confirm that services are not globally uniform.
We could not determine which company would serve a particular reader without knowing their location and reviewing the account application. Provider disclosures about the wider group are not presented as a substitute for each regulator’s record.
Information Still Unclear
- The account-serving company and the current permissions relevant to a specific customer.
- All-in pricing and product access in every OANDA jurisdiction.
- Representative order execution, spreads, service response and withdrawal performance.
- A complete group-wide review of regulatory warnings, enforcement and financial condition.
Evidence Reviewed
Sources were reviewed on 20 October 2026. Last Checked dates document the review date and do not imply continuous monitoring. Region-specific provider sources are labeled so that terms are not applied outside their scope.
Source: FCA — OANDA Europe Limited · Last Checked:
Source: OANDA — group · Last Checked:
Source: OANDA — regulatory disclosures · Last Checked:
Source: OANDA UK — pricing · Last Checked:
Source: OANDA UK — funding · Last Checked:
How to Continue Your Research
FAQ
The FCA register identifies OANDA Europe Limited under FRN 542574. OANDA’s official disclosures list other entities and regulators in additional markets. Each record applies to its named company; check the regulator and permissions for the entity in your account agreement.