OANDA

OANDA is one of the longest-established forex brokers globally, founded in 1996 and regulated by the FCA in the UK. It is particularly well regarded among forex traders for its tight spreads, transparent pricing, and the quality of its OANDA Trade proprietary platform. It also offers share and ETF CFDs alongside its core forex and index range. There is no minimum deposit requirement, making it accessible to traders of all sizes.

Who it's for: Traders looking for forex, active traders, spread betting, no minimum deposit.

OANDA

Established FCA-regulated broker known for competitive forex spreads, no minimum deposit, and a strong proprietary platform alongside MT4, MT5, and TradingView.

forexactive tradersspread bettingno minimum deposit
Min. Deposit
None
FSCS protectedSpread betting
Trade with OANDA

Affiliate link · Disclosure

Fees

variable spreads (Standard) or tighter spreads + commission (Core). Minimum deposit: None.

Platforms & tools

  • OANDA Trade (Web/Mobile)
  • MT4
  • MT5
  • TradingView

Markets

  • forex
  • indices
  • commodities
  • metals
  • bonds
  • stocks
  • ETFs

Pros

  • No minimum deposit — accessible to all account sizes
  • FCA regulated with a long, established track record since 1996
  • Competitive forex spreads, particularly on major pairs
  • Quality proprietary OANDA Trade platform with strong charting
  • Both spread betting and CFD accounts available for UK clients
  • Extensive historical forex data and market analytics

Cons

  • Core pricing (tight spreads + commission) requires higher volume to be cost-effective
  • Platform design feels less modern than some newer competitors
  • No direct ownership of shares — all equity and ETF exposure is via CFDs

Alternatives to OANDA

Tickmill

FCA-regulated execution-focused forex and CFD broker with raw spreads, low commissions, and MT4/MT5 platform support for active traders.

active tradersforexraw spreadsscalping
Min. Deposit
£100
FSCS protected
Trade with Tickmill

Affiliate link · Disclosure

Kraken

Established crypto exchange since 2011 with a strong security record — competitive maker-taker fees via Kraken Pro and 200+ cryptocurrencies for UK traders.

active traderscryptolow-feesexperienced
Min. Deposit
None
24/7 trading24/7 support
Trade crypto on Kraken

Affiliate link · Disclosure

Affiliate Disclosure: We may receive compensation when you click on links to brokers and products featured on this site. This compensation does not influence our rankings, reviews, or recommendations. We maintain editorial independence and provide objective comparisons. Read our full disclosure policy.

Risk Warning: This website does not provide financial, investment, or trading advice. All information is for educational purposes only. Trading and investing involve substantial risk of loss. You should carefully consider your financial situation and consult with qualified professionals before making any financial decisions.

Last updated: 2026-05-01