OANDA runs a spread betting sub-account you can open today, and it scores 80/100 overall (joint 6th of 14), high on trust and trading experience and lower on what it charges. On our read of 18 Sep 2026 it publishes only a minimum “from” spread on one pair, so there is nothing comparable to place against the averages of the brokers that publish one.
🗺️ FCA regulated: OANDA Europe Limited (FRN 542574), checked on the FCA register 22 Sep 2026
OANDA scores 80/100 and ranks joint 6th of 14. OANDA publishes only minimum spreads, which we do not compare with averages. Judge it on the rest and check its prices on the platform.
How We Scored OANDA
Our overall score for OANDA is 80 out of 100. Below is the assessment behind it: OANDA marked on each of the criteria we score every account against, each one out of 10.
OANDA marked out of ten on each of the six criteria we score every account against, shown as a bar on each row.
Criterion
OANDA
Trading Cost
4 / 10Assessed
Trading Experience
9 / 10Assessed
Trading Platform
8 / 10Assessed
Trust
10 / 10Assessed
Range Of Markets
8 / 10Assessed
Customer Service
9 / 10Assessed
The overall score shown above the table is the sum of these six marks, each out of 10, divided by 60 and multiplied by 100, rounded half up. No criterion is weighted, and this has been how every score on the site is computed since 24 September 2026.
Our scoring methodology names the six criteria, what each one covers, and the published sources behind every mark.
Who You Contract With At OANDA
Spread bets at OANDA are placed with OANDA Europe Limited (FRN 542574). That is the firm named in your account terms and the one authorised to take UK retail clients.
Spread betting at OANDA is a sub-account you add rather than the default account you open.
Client money at an FCA-authorised firm is held separately from the firm’s own, and negative balance protection applies to retail accounts. The Financial Ombudsman Service and the FSCS may be available to you, depending on eligibility. That is a floor every broker in our ranking clears rather than a reason to choose this one. Our guide to FCA regulation of spread betting covers the brands where a register search returns a company you were not looking for.
Is OANDA Regulated By The FCA?
OANDA Europe Limited is on the Financial Services Register under firm reference number 542574, and its status panel reads Authorised, since 17 May 2011. We read the entry on 3 Sep 2026, and the capture below is what the register showed that day.
OANDA Europe Limited, FRN 542574, on the FCA Financial Services Register: status Authorised, since 17 May 2011. Captured 3 Sep 2026. Source: the firm’s register entry, Financial Conduct Authority.
The permissions panel is not in the capture, so this page makes no claim about which regulated activities the authorisation covers. Our regulation guide sets out verifying a spread betting broker on the FCA register.
OANDA Trust, Ownership And Client Money Protection
Can You Trust OANDA?
OANDA Europe Limited is the firm behind OANDA's UK spread betting service, authorised by the FCA since 2011 under firm reference number 542574. OANDA states that it holds your money in segregated Client Money bank accounts in accordance with the FCA's Client Money Rules, and that retail client liability is limited to the funds held on your account. (FCA register, read ; OANDA's own site, read )
Who Owns OANDA?
Companies House lists two individuals as persons with significant control of OANDA Europe Limited. The register was read on 19 September 2026. (Companies House, read )
What Happens To Your Money If OANDA Fails?
OANDA states that it holds your money in segregated Client Money bank accounts under the FCA's Client Money Rules. OANDA also states that it and the banks holding your client money are covered by the UK Financial Services Compensation Scheme. The FSCS's own figure is compensation of up to £85,000 per eligible person, per firm, for a firm that failed after 1 April 2019. (OANDA's own site, read ; OANDA's own site, read ; FSCS, read )
OANDA publishes a “from” spread in pips on one of the nine pairs the site reads each month, and our Forex Spread Betting Explained guide covers the points-to-pips rule.
Guaranteed Stops At OANDA
Guaranteed stop-loss orders are available at OANDA.
You can spread bet at OANDA on its own web and mobile platforms, TradingView or MT4, though not on MT5, and our spread betting app comparison pairs OANDA's guaranteed stop terms with its Trading Platform mark.
OANDA’s Trustpilot profile, captured 28 Sep 2026. We re-read these ratings every month, so the figure in the table is the one the platform displayed on that capture date.OANDA’s Apple App Store listing, captured 1 Oct 2026. We re-read these ratings every month, so the figure in the table is the one the platform displayed on that capture date.OANDA’s Google Play listing, captured 1 Oct 2026. We re-read these ratings every month, so the figure in the table is the one the platform displayed on that capture date.OANDA’s TradingView profile, captured 1 Oct 2026. We re-read these ratings every month, so the figure in the table is the one the platform displayed on that capture date.
OANDA At A Glance
Key facts about OANDA: its FCA-regulated entity, minimum deposit, spread bet platforms, markets, inactivity fee and guaranteed stops.
a monthly charge after 12 months with no trading, up to £20 per client a month, not charged while a position is open
🛡️ Guaranteed stops
Available
What You Can Bet On
OANDA publishes these counts on its own market pages.
Forex pairs: over 65
OANDA Pros And Cons
Pros
No minimum deposit
Guaranteed stop-loss orders available
Cons
Publishes Minimum Spreads Only
Minimum stake not confirmed
Your Experience With OANDA
If you have traded with OANDA, tell us what a new customer should know. Submissions are read by the team. Only reviews we can verify are ever published, and none are published yet. Nothing you enter here appears on this page.
Reviews are never paid for and never edited for a broker.
Opening An OANDA Spread Betting Account
If you came here for one market rather than for the account, our pages on spread betting indices and gold spread betting cover how those bets are priced. What each spread bet contract says, and what you actually do under it, decide whether it is taxed; for most UK retail traders the outcome depends on your individual circumstances, as how spread betting contracts are taxed shows.
76.6% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Your capital is at risk. Spread betting is leveraged, so losses can exceed the amount you set out to risk on a bet. This page is not financial or tax advice.
Justin Grossbard co-founded Spread-Bet.co.uk with Noam Korbl in 2024, and co-founded the broker comparison network CompareForexBrokers with him in 2014. He has written for Kiplinger, Entrepreneur, Finance Magnates and MoneyShow since 2022, with articles on forex and trading at MoneyShow, Finance Magnates and Kiplinger.
Updated . Updated on 9 Oct 2026: The August 2026 tests of order execution, the apps and customer service are gone from this OANDA review, with their results and anything drawn from them, because they could not be verified against account records; the Customer Service mark matches the 26 Aug 2026 scoring sheet again at 9/10, so the score is 80/100.
