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OANDA suits EU traders who want forex and index CFDs with TradingView, but it is no place to buy crypto. EU clients sign with OANDA TMS Brokers S.A., supervised by Poland’s KNF. Crypto is offered only as CFDs, and no OANDA company is in ESMA’s MiCA register. 76% of retail CFD accounts lose money with this provider.
The one thing that changes the answer: if you want to own bitcoin or ether, use a MiCA-authorised exchange from our MiCA licence tracker instead. This OANDA review covers the EU offer only, as checked on 15 October 2026; UK, US and Asian clients get different OANDA companies, products and fees.
Best for: forex and index CFD traders in the EU who chart on TradingView or MetaTrader 5 and keep at least €3,000 on the account, the level that brings reduced spreads and up to 12 months of TradingView Essential.
Not for you if: you want to own crypto, you need MetaTrader 4, PayPal or Skrill, or you trade crypto CFDs for weeks at a time (overnight markup of up to 30% a year).
Who runs it in the EU: OANDA TMS Brokers S.A., Warsaw, authorised by the Polish Financial Supervision Authority (KNF) on 26 April 2004 (KPWiG-4021-54-1/2004). Owned since 1 December 2025 by FTMO.
MiCA status: not in ESMA’s interim MiCA register (file of 7 October 2026, 365 firms). Its crypto products are CFDs under MiFID II, not crypto-asset services.
Key costs: €0 commission on forex, index, commodity and crypto CFDs (the cost is in the spread), 0.06% per side on major share CFDs, €0 card deposits, €10 after 365 days with no trade or open position.
OANDA for EU traders in six facts
- Since OANDA closed its Maltese company on 17 March 2023, every EU client is served by OANDA TMS Brokers S.A. in Poland, according to OANDA’s notice to former Malta clients.
- OANDA’s EU site states that 76% of retail investor accounts lose money when trading CFDs with OANDA TMS Brokers S.A. (checked 15 October 2026).
- Crypto at OANDA EU means CFDs only: the fee table lists 18 crypto CFDs quoted in US dollars, such as BTCUSD and ETHUSD, and you never own or withdraw the coins.
- Trading through TradingView is free with an OANDA CFDs account; a balance from €3,000 gets up to 12 months of TradingView Essential, from €10,000 up to 12 months of Plus.
- Card and instant bank deposits start at €25, and OANDA charges no deposit fee; the second and later small withdrawals in a month cost €10.
- Under a promotion OANDA can change or end, new CFD accounts earn 4% to 5% a year on uninvested cash for the first 90 days, then 0.5%, on balances up to €25,000.
Which OANDA company serves EU clients?
EU residents open their account with OANDA TMS Brokers S.A., a Warsaw brokerage supervised by the KNF. OANDA’s EU site says the firm “serves customers from the European Union”.
OANDA Europe Markets Ltd in Malta stopped serving clients on 17 March 2023, so reviews that still name it are out of date. OANDA, founded in 1996, completed its purchase of the Polish broker TMS Brokers on 30 March 2021, according to OANDA’s announcement.
In December 2025 the Czech prop-trading firm FTMO completed its purchase of the whole OANDA group from the fund CVC, according to OANDA’s press release; FTMO says it will run OANDA as a standalone business. You can confirm the licence in the KNF entity search under “OANDA TMS Brokers”.
| OANDA company | Who it serves | Regulator | Crypto offer | MiCA / EU status | Checked on |
|---|---|---|---|---|---|
| OANDA TMS Brokers S.A. | EU residents | KNF, Poland (licence of 26 April 2004) | Crypto CFDs only | Not in ESMA MiCA register; CFDs fall under MiFID II | 15 Oct 2026 |
| OANDA Coinpass Ltd | UK only | Registered with the UK FCA | Spot crypto exchange | Not in ESMA MiCA register; not offered in the EU | 15 Oct 2026 |
| OANDA Corporation | US only | CFTC and NFA | Spot crypto through Paxos | Not in ESMA MiCA register; not offered in the EU | 15 Oct 2026 |
| OANDA Europe Markets Ltd | Former EU clients | MFSA, Malta | None | Closed to clients since 17 March 2023 | 15 Oct 2026 |
Can you buy crypto on OANDA in the EU?
No. OANDA TMS Brokers offers crypto only as CFDs, contracts that pay the price difference, so you never own a coin, get a wallet address or withdraw crypto.
The “OANDA spot crypto account” and “digital wallet” you may read about belong to OANDA’s US service and to OANDA Coinpass in the UK.
The EU fee table names 18 crypto CFDs: BTCUSD, ETHUSD, LTCUSD, BCHUSD, LINKUSD, DOGEUSD, XTZUSD, ADAUSD, BNBUSD, UNIUSD, XLMUSD, DOTUSD, EOSUSD, AVAXUSD, KSMUSD, GLMRUSD, SOLUSD and MATICUSD. All are priced in US dollars. OANDA’s crypto CFD page advertises weekend trading and BTCUSD spreads “starting from USD 100”, and the bitcoin CFD price follows a CME futures contract. Retail clients can use leverage of up to 2:1 on crypto CFDs.
In the US, OANDA’s help centre says digital asset trades run on the Paxos exchange, with coins held by Paxos. In the UK, spot crypto runs through OANDA Coinpass, whose site says it is registered with the FCA. Neither is open to EU residents.
Checked on 15 October 2026: EU availability of crypto at OANDA is limited to CFDs through OANDA TMS Brokers. MiCA authorisation: no; none of OANDA TMS Brokers, OANDA Coinpass or Paxos appears in ESMA’s interim MiCA register (file dated 7 October 2026). Crypto CFDs are MiFID II derivatives, so OANDA does not need a MiCA licence to offer them.
Does OANDA work with TradingView, and is it free?
Yes. EU clients with an OANDA CFDs account can trade straight from TradingView charts, and OANDA says this costs nothing and needs no paid TradingView plan. A higher balance earns promo codes for a paid plan, covering up to 12 months.
OANDA’s EU terms say the service is not available for demo accounts, and the codes come as four 3-month codes. The rules are on OANDA’s TradingView at Oanda page. To connect, open the OANDA broker panel in TradingView, choose “Login for OANDA EU and TMS clients” and sign in; tradable symbols end in “.OTMS”. OANDA checks your balance at day’s end on the day you request a code.
| Balance on your OANDA CFDs account | TradingView access | Interest on idle cash, first 90 days | Spreads |
|---|---|---|---|
| Below €3,000 | Trading from TradingView, no paid plan | 4% a year | Standard, plus a low-balance markup |
| €3,000 to €9,999.99 | TradingView Essential for up to 12 months | 4.5% a year | Reduced, up to 30% lower |
| From €10,000 | TradingView Plus for up to 12 months | 5% a year (on up to €25,000) | Reduced, up to 30% lower |
The interest offer is a promotion that OANDA can change or end. Its tiers depend on uninvested cash rather than total balance, and the rate drops to 0.5% a year for every tier from day 91, according to OANDA’s interest rate page. Worked out, €10,000 left idle for the first 90 days earns about €123 before tax (10,000 × 5% × 90/365).
Which OANDA trading platforms can EU clients use?
EU clients get four ways to trade: the OANDA app for iOS and Android, the browser platform OANDA calls “Trade online”, MetaTrader 5 and TradingView. OANDA’s EU site lists MetaTrader 5 but not MetaTrader 4, so MT4 users would have to move their expert advisors to MQL5.
OANDA’s MetaTrader 5 page lists 38 built-in indicators, an MQL5 strategy tester and a package of more than 35 FxBlue tools. OANDA’s EU site also shows live and historical spreads for each instrument. For chart reading on any of these platforms, our technical analysis guide covers the basics.
A demo account comes with 50,000 virtual euros on the OANDA CFDs account, OANDA’s trading account page says. OANDA’s EU site does not list its own copy-trading service; if that matters to you, read our copy trading guide first. Support answers in English, German, French, Spanish and Polish.
How much does OANDA cost in euros?
OANDA EU charges no commission on forex, index, commodity and crypto CFDs; you pay the spread, plus overnight financing if you hold a position. Share and ETF CFDs carry a small commission on each side. Figures below are from OANDA’s table of fees and commissions, effective 1 September 2026.
| Cost item (retail client, EUR account) | OANDA EU charge |
|---|---|
| Commission on forex, index, commodity and crypto CFDs | €0 (cost is in the spread) |
| Commission on German, Spanish, UK, US and French share CFDs | 0.06% to open, 0.06% to close |
| Commission on Dutch, Belgian, Finnish, Portuguese, Danish and Swedish share CFDs | 0.08% per side |
| Commission on Polish share CFDs / ETF and ETN CFDs | 0.25% / 0.06% per side |
| Maximum spread markup added by OANDA | Crypto CFDs up to 10% of price; commodities and shares up to 0.8%; other CFDs up to 0.1% |
| Extra spread markup on low balances | Applies while net deposits are below €3,000 |
| Overnight financing markup | Crypto CFDs up to 30% a year; other CFDs up to 5% a year |
| Currency conversion (EUR/USD) | 0.012 per conversion, about 1% at a rate of 1.15 |
| Deposits by card, bank transfer or TrueLayer | €0 (your bank may charge) |
| Withdrawals | Free, except €10 for the second and later withdrawals in a month under PLN 200 |
| Account maintenance | €0 if you trade or hold a position within 365 days; otherwise €10 |
| Account maintenance if you choose paper correspondence | €100 a month |
One cost point is in OANDA’s favour: US and German index CFDs and most commodity CFDs carry no daily financing charge. They are based on futures, so you pay a fixed rollover cost on the roll date instead.
What a trade costs: three worked examples
- Share CFD. Opening and closing a €2,000 position on a German share costs €1.20 + €1.20 = €2.40 in commission, plus the spread.
- Bitcoin CFD. A 0.1 BTC position at the advertised minimum spread of USD 100 per bitcoin costs USD 10 in spread. Hold a USD 10,000 crypto position for 30 days and the financing markup alone can reach about USD 247 (30% × 10,000 × 30/365), on top of the benchmark rate.
- Currency conversion. A USD 500 profit on a euro account is converted with a 0.012 margin on EUR/USD; at a rate of 1.15 that costs roughly €4.50, or about 1%.
Is there an OANDA minimum deposit?
OANDA EU sets no minimum to open an account. Card and TrueLayer instant bank deposits start at €25 (or 1,000 CZK or 120 RON), and bank transfers have no stated minimum or maximum. OANDA charges nothing for deposits, according to its deposit options page.
EU funding methods are cards in your own name, bank transfer (up to three business days) and instant bank transfer through TrueLayer. Account currencies are EUR, USD, GBP, PLN, CZK and RON. ACH transfers belong to OANDA’s US service, and PayPal, Skrill and Neteller are not on the EU deposit page. The first withdrawal each month is free, and a second or later one under PLN 200 costs €10.
What can you trade with an OANDA EU account?
OANDA EU offers more than 4,000 instruments across two account types. The CFDs account covers over 1,700 CFDs on forex, indices, commodities, shares, ETFs and crypto. The stocks account holds real shares and ETFs, which you own outright.
- Real US shares: more than 1,400, with no commission on EUR, PLN, CZK and RON accounts (0.29% on a USD account) and a 100 USD minimum order, per OANDA’s stocks page.
- Real European shares: Germany, France, Spain and the UK, from 0.15% commission.
- ETFs: more than 350, with €0 commission on 10 trades a month up to €200,000 of turnover (promotion terms apply).
- CFDs: forex pairs, index, commodity, share, ETF and crypto CFDs, which let you go short as well as long. Our short selling guide explains the risks of the short side.
Professional clients can apply for a separate status with more leverage and up to 45% commission rebates, but they lose negative balance protection.
How much leverage does OANDA give EU traders?
Retail clients get the EU caps that ESMA set for CFDs: 30:1 on major currency pairs down to 2:1 on crypto. Reviews quoting 200:1 for EU forex describe OANDA’s professional-client limits, which need proof of trading experience.
| Market | Retail client maximum | Professional client maximum |
|---|---|---|
| Major currency pairs | 30:1 | 200:1 |
| Major stock indices | 20:1 | 200:1 |
| Gold | 20:1 | 100:1 |
| Other commodities | 10:1 | 100:1 |
| Individual shares | 5:1 | 5:1 |
| Crypto | 2:1 | not published |
Professional limits are from OANDA’s professional client page. Retail accounts also get a margin close-out at 50% of required margin and negative balance protection.
Is OANDA safe for EU clients?
OANDA TMS Brokers is a KNF-supervised investment firm, retail clients have negative balance protection, and the firm belongs to Poland’s investor compensation scheme. The scheme pays 100% of covered assets up to €3,000 and 90% above that, with a maximum of €20,100 per investor, says KDPW, which runs it.
The scheme protects you if the broker fails; it never covers trading losses. The bigger risk is the product: 76% of retail CFD accounts at OANDA TMS Brokers lose money, a figure OANDA must publish on its EU homepage.
Who is OANDA for, and who should avoid it?
OANDA is a reasonable fit if you trade forex and index CFDs, use TradingView or MT5, and can keep €3,000 or more on the account. It is not a good fit in these cases:
- You want to own crypto or move it to your own wallet: OANDA EU sells only crypto CFDs.
- You hold crypto CFDs for weeks: the overnight markup can reach 30% a year.
- You keep less than €3,000 on the account: you pay a low-balance spread markup and get no paid TradingView plan.
- You rely on MetaTrader 4, PayPal or Skrill.
- You plan to keep large sums at the broker: the compensation scheme caps payouts at €20,100 per investor.
Compare it with other brokers on our financial trading broker overview, and see our crypto trading strategies hub if you are still choosing a style.
How to open an OANDA account in the EU
- Go to OANDA’s EU site and click “Open account”; OANDA says opening usually takes under ten minutes and costs nothing.
- Pick the CFDs account, the stocks account or both, and a base currency (EUR avoids conversion on euro deposits).
- Answer the questions on your trading knowledge and experience that EU rules require before CFD trading.
- Verify your identity with the documents OANDA asks for during sign-up.
- Fund the account with at least €25 by card or instant bank transfer, or by regular bank transfer.
- Optional: link TradingView through the OANDA broker panel, then email OANDA for a TradingView code if your balance qualifies.
Questions EU readers ask about OANDA
Is OANDA regulated in the EU?
Yes. EU clients are served by OANDA TMS Brokers S.A., which the Polish Financial Supervision Authority (KNF) authorised on 26 April 2004 under licence KPWiG-4021-54-1/2004. OANDA’s former Maltese company, OANDA Europe Markets Ltd, stopped serving clients on 17 March 2023. Retail clients get the EU’s CFD protections, including leverage caps and negative balance protection.
Can I buy crypto on OANDA in Europe?
Not as real coins. OANDA TMS Brokers offers 18 crypto CFDs, such as BTCUSD and ETHUSD, which track the price without giving you the coins or a wallet. OANDA’s spot crypto services run in the US (through Paxos) and the UK (OANDA Coinpass) only, and no OANDA company was in ESMA’s MiCA register on 15 October 2026.
Is TradingView free with OANDA?
Trading from TradingView with an OANDA CFDs account is free and does not need a paid TradingView plan. OANDA also gives promo codes for a paid plan: TradingView Essential for up to 12 months with a balance from €3,000, and TradingView Plus for up to 12 months from €10,000. Demo accounts cannot connect to TradingView.
What is the OANDA minimum deposit?
OANDA EU has no account minimum. The smallest card or instant bank (TrueLayer) deposit is €25, and bank transfers have no stated minimum. In practice, keeping at least €3,000 on a CFDs account matters more: below that, OANDA adds a low-balance spread markup and gives no paid TradingView plan.
Does OANDA charge withdrawal fees?
The first withdrawal each calendar month is free. A second or later withdrawal in the same month costs €10 if it is under PLN 200 or the equivalent in euros. Deposits by card, bank transfer and TrueLayer are free on OANDA’s side, though your bank may charge. ACH, PayPal and Skrill are not EU payment options.
Does OANDA have a demo or paper trading account?
Yes. OANDA EU offers a free demo CFDs account with 50,000 virtual euros, where you can trade forex, index, commodity, crypto, share and ETF CFDs without risking money. It runs in the OANDA app and on MetaTrader 5. The demo cannot be linked to TradingView, which works only with a live CFDs account.
What is OANDA and who owns it?
OANDA is an online broker and currency-data company founded in 1996, with licensed companies in eight markets including the US, UK, EU, Singapore and Australia. The Czech prop-trading firm FTMO completed its purchase of the OANDA group from the fund CVC on 1 December 2025 and says it runs OANDA as a standalone business.
How we researched this: on 15 October 2026 we read OANDA’s EU homepage, its table of fees and commissions effective 1 September 2026, and its EU pages on TradingView, interest, deposits, crypto CFDs, MetaTrader 5, shares, professional clients and the CFDs account. We checked the licence wording against the KNF, the compensation limits against KDPW, the leverage caps against ESMA, and every OANDA company against ESMA’s interim MiCA register file of 7 October 2026. We did not open or fund an account; all costs are OANDA’s published figures, and live spreads change during the day.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with OANDA TMS Brokers S.A. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This page is for information only and is not investment advice.