OANDA review (Canada & US)

Updated October 16, 2026 · By the Pips & Gold team

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Quick facts (checked October 2026)

• Canada: OANDA (Canada) Corporation ULC, regulated by CIRO; accounts protected by CIPF within specified limits.
• Canada limitation: OANDA says it does not currently accept residents of Alberta.
• US: OANDA Corporation, registered with the CFTC as a Futures Commission Merchant and Retail Foreign Exchange Dealer, NFA member (ID 0325821).

Who it suits

Beginners who want a well-known, regulated forex broker with a free practice account. OANDA recommends trying its practice account before trading live.

Things to check yourself

• Current spreads and fees on the instruments you’ll trade.
• Whether gold is available on your account type (it differs between Canada and the US).
• Which platforms are offered in your country.

Our take

Strong regulation in both countries is the main reason it’s on our list. Alberta residents will need to look elsewhere.