OANDA Review 2026
Full OANDA review for Singapore traders — regulation, spreads, fees and our honest verdict.
Regulation in Singapore
| Regulator | MAS MAS — Monetary Authority of Singapore (MAS) |
| Licence Number | 200704926K |
| Regulated Entity | OANDA Asia Pacific Pte Ltd |
| Max Leverage (Forex) | 1:20 |
| Minimum Deposit | $0 |
| EUR/USD Spread | From 1.2 pips |
| Instruments | 300+ |
| Platforms | OANDA Trade, MT4, MT5, TradingView |
| Copy Trading | ✗ |
| Real Stocks | ✗ |
| Inactivity fee | Inactivity fee: USD10/month after 12 months |
Verdict
Regulated by MAS (licence 200704926K). Minimum deposit $0. In Singapore: maximum forex leverage 1:20.
About OANDA
OANDA was founded in 1996 and is headquartered in New York, USA. The broker offers 300 tradeable instruments including forex pairs, CFDs on stocks, indices and commodities. It is regulated across multiple jurisdictions with a primary licence held by OANDA Asia Pacific Pte Ltd under MAS.
In Singapore, OANDA operates as OANDA Asia Pacific Pte Ltd, authorised by MAS under licence number 200704926K. Singapore traders are subject to a maximum leverage of 1:20 on forex pairs under MAS rules.
Trading Platforms
Pros
- MAS regulated — licence 200704926K
- 300+ instruments to trade
- Negative balance protection in Singapore
- Platforms: OANDA Trade, MT4, MT5, TradingView
Cons
- Inactivity fee: USD10/month after 12 months
- 67.4% of retail clients lose money
- CFD trading — you do not own the underlying asset
- No real stock ownership
Key Facts About OANDA
- One of first retail forex brokers — founded 1996, operates in 8 global markets
- Proprietary currency data powering OANDA FXConverter used by thousands of businesses
- No minimum deposit — one of few major regulated brokers with no minimum
Known Limitations
- Does not accept clients from many emerging market countries
- MT4 available but OANDA's proprietary platform has limited advanced charting vs competitors
- Spreads during off-peak hours can widen significantly
Frequently Asked Questions
Is OANDA regulated?
OANDA holds MAS licence 200704926K, issued to the regulated entity {entity}. This is a real, verifiable licence recorded in the official MAS public register.
What is the minimum deposit for OANDA in Singapore?
The minimum deposit is $0. This is the amount required to open a live trading account for traders in Singapore under MAS regulation.
What leverage does OANDA offer in Singapore?
In Singapore, OANDA offers maximum forex leverage of 1:20 under MAS rules. Higher leverage may be available through offshore-regulated entities.
Is OANDA safe to trade with?
OANDA is regulated by MAS, which requires segregated client funds, negative balance protection and independent audits. Regulation does not eliminate trading risk, but it provides meaningful investor protection.
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