OANDA scores 79/100 in our review (grade B, very good), a New York, USA-based broker regulated by NFA/CFTC (USA), FCA (UK), ASIC (Australia). It offers MetaTrader 5, so you can run Market Structure Pro on it.
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Start free trial Visit OANDA ↗| Headquarters | New York, USA |
| Founded | 1996 |
| Regulation | NFA/CFTC (USA), FCA (UK), ASIC (Australia), CIRO (Canada), MAS (Singapore), FSA/JFSA (Japan), FSC (BVI) |
| Platforms | OANDA Trade (fxTrade), MT4, MT5, TradingView |
| MetaTrader 5 | Yes, MSP works here |
| Own platform | OANDA Trade (fxTrade) |
| Account types | Standard (spread-only), Core Pricing (raw spread + commission) |
| Min deposit | $0 |
| Typical EURUSD spread | 1.6 pips |
| Typical Gold spread | 0.38 |
| Commission | Standard/Spread-only account has no per-trade commission (cost in spread). Core Pricing charges ~$5 per $100,000 traded (~$10 per round-turn standard lot) with tighter raw spreads and typically a higher balance requirement. Stock CFDs ~0.10% commission. Typical/approximate. |
| Execution | No dealing desk |
| Funding methods | Card, Bank transfer, PayPal, Skrill |
| Demo account | Yes |
| Support | 24/5 |
OANDA is a long-established online forex and CFD broker founded in 1996, with its principal office in New York and major regulated entities in Toronto, London, Singapore, Tokyo, Sydney and the BVI. It is one of the relatively few brokers holding US regulation (NFA/CFTC) alongside a suite of Tier-1 licenses (FCA, ASIC, CIRO, MAS, Japan FSA), making it a safety-focused choice for traders who prioritise regulation and a multi-decade track record. Client funds are held in segregated accounts and the firm publishes transparency data.
On costs and platforms, OANDA uses a two-tier structure: a default spread-only Standard account (no commission; EUR/USD typically around 1.6 pips, gold/XAUUSD around 0.38) and a Core Pricing account with tighter raw spreads plus commission of roughly $5 per $100k traded. There is no minimum deposit and micro trade sizes are supported, which suits beginners. Traders can use the proprietary OANDA Trade platform (TradingView-powered charting), MT4, native TradingView, and MT5 - though MT5 availability is region-limited (UK, Japan, BVI/emerging markets) and not offered to US clients.
Instrument coverage spans forex, indices, commodities, cryptocurrencies and stock CFDs, totalling several thousand symbols depending on region, but the US offering is materially narrower (no CFDs; crypto via a separate spot arrangement). Weak points reported by third-party sites include higher-than-average default spreads and complaints about withdrawals and support responsiveness. Overall OANDA suits regulation-conscious and beginner-to-intermediate traders who value a reputable, well-licensed broker over rock-bottom pricing.
A separate reputation score out of 100, based on genuine user reviews across the web and kept independent of the feature score above. Our read: reviews look genuine.
Professional review sites rate OANDA highly and consistently (ForexBrokers.com 4.5/5, FXEmpire 4.4/5), reflecting its status as a long-established, heavily regulated global broker (FCA, CFTC/NFA, ASIC, CIRO). Trustpilot sits lower at 'Average' 3.6/5 with polarised feedback: praise for reliability alongside recurring withdrawal-delay and support complaints. The Sitejabber listing (1.6/5) rests on only 7 reviews and is too small to matter; overall the base looks genuine, not manipulated.
Can I use Market Structure Pro with OANDA? Yes. OANDA offers MetaTrader 5, and MSP is an MT5 indicator, so it runs on any of their MT5 accounts. See the install guide.
Sources: www.forexbrokers.com · www.oanda.com · www.oanda.com · brokerchooser.com. Figures are typical and change, so confirm on the broker's site.
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