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Head to head

OANDA vs OneRoyal

OANDA is licensed by CFTC / NFA in the United States, FCA in the United Kingdom, KNF in the European Union, CIRO in Canada, ASIC in Australia, MAS in Singapore and JFSA in Japan, and also has an offshore registration. OneRoyal is licensed by CySEC in the European Union and ASIC in Australia, and also has an offshore registration. The licence that applies to you depends on where you live, so check which company you would contract with before comparing anything else.

Minimum deposits start at $0 at OANDA and $5 at OneRoyal. Both offer negative balance protection and segregated client money.

Facts last checked: OANDA on 20 October 2026, OneRoyal on 20 October 2026.

OANDA profileOneRoyal profile
Broker 1
Broker 2
Broker 3

Monthly cost uses the account chosen in each slot: cost per lot × your lots. Swap and other fees are extra. The lowest monthly cost is highlighted only as a fact about cost, not as a recommendation.

Broker
OANDAStrictly regulatedRead the profile
OneRoyalStrictly regulatedRead the profile
Comparing
OANDAUnited States
OneRoyalEuropean Union

Overview

Founded
Not yet checked
2006
Headquarters
Not yet checked
Not yet checked
Official websites
  • oanda.com
  • oanda.sg
  • oneroyal.com
  • oneroyal.eu
Facts last checked
20 October 2026
20 October 2026

Regulation and protection

Company you would contract with
OANDA Corporation
Royal Financial Trading (Cy) Ltd
Regulator
CFTC / NFA
United States
CySEC
European Union
Regulation level
Strictly regulated
Strictly regulated
Licence number
NFA ID 0325821
Check the register
312/16
Check the register
Clients this company serves
US residents (retail forex; registered futures commission merchant and retail foreign exchange dealer)
EU and EEA clients, through oneroyal.eu
All licences held
  • CFTC / NFA (United States)
  • FCA (United Kingdom)
  • KNF (European Union)
  • CIRO (Canada)
  • ASIC (Australia)
  • MAS (Singapore)
  • JFSA (Japan)
  • FSC (BVI) (British Virgin Islands)
  • CySEC (European Union)
  • ASIC (Australia)
  • VFSC (Vanuatu (international clients))
Segregated client money
Yes
Yes
Negative balance protection
Yes
Yes
Compensation scheme
FSCS (UK, OANDA Europe Limited clients); CIPF (Canada); other countries have their own schemes or none
Investor Compensation Fund (Cyprus) for clients of the CySEC company only; Financial Commission membership (private dispute body, up to €20,000 per client) for international clients

Costs

Your monthly cost
No accounts listed
No accounts listed
Cost per lot (EUR/USD)
No accounts listed
No accounts listed
Spread from
No accounts listed
No accounts listed
Typical EUR/USD spread
No accounts listed
No accounts listed
Commission per lot (round turn)
No accounts listed
No accounts listed
Typical GBP/USD spread
Not yet checked
Not yet checked
Typical USD/JPY spread
Not yet checked
Not yet checked
Typical XAU/USD spread
Not yet checked
Not yet checked
Swap-free account
Not yet checked
Yes

Leverage and margin

Maximum retail leverage
1:30 on major currency pairs (UK and EU retail clients); other companies set their own limits
Up to 1:1000 on oneroyal.com accounts; EU rules cap retail leverage at 1:30 on oneroyal.eu
Retail leverage by asset class
  • Major currency pairs: 1:30
  • Other currency pairs: 1:20
  • Other commodities and non-major indices: 1:10
  • Share CFDs: 1:5
  • All accounts (oneroyal.com): Up to 1:1000
  • Major currency pairs (oneroyal.eu, EU rules): 1:30
Margin call level
Not yet checked
Not yet checked
Stop-out level
Not yet checked
20%

Account

Minimum deposit (this account)
No accounts listed
No accounts listed
Base currencies
No accounts listed
No accounts listed
Execution
No accounts listed
No accounts listed

Platforms and features

Platforms
  • OANDA Trade web
  • OANDA Trade mobile app
  • MetaTrader 4
  • MetaTrader 5
  • TradingView
  • MetaTrader 4
  • MetaTrader 5
  • MultiTerminal
  • Copy trading
  • PAMM
Markets
Currency pairs, indices, commodities, metals, bonds, shares and ETFs as CFDs and spread bets (UK)
Forex, metals, shares, indices, energies, ETFs and cryptocurrency CFDs
Demo account
Not yet checked
Yes
Copy trading
Not yet checked
Yes
Expert advisors (automated trading)
Yes
Yes
News trading allowed
Not yet checked
Not yet checked
Guaranteed stops
Yes
Not yet checked

Deposits and withdrawals

Deposit methods
  • Debit or credit card
  • Bank transfer
  • Debit or credit card
  • Bank wire
  • Skrill
  • Neteller
  • Cryptocurrency
  • Local payment methods
Withdrawal fee
No deposit or withdrawal fees from OANDA (UK); your bank may charge
No OneRoyal fee, but fees apply if you traded less than 2 lots since your last deposit; up to 3% for currency conversion
Inactivity fee
Monthly fee after 12 months without trading, capped at £20 a month per client (UK)
Not yet checked

Support

Customer support
Not yet checked
Round-the-clock contact via live chat, email and phone

Our notes

Strengths
  • Licensed by strict regulators in the US, UK, EU, Canada, Australia, Singapore and Japan
  • No minimum account balance and no deposit or withdrawal fees on the UK site
  • Guaranteed stop-loss orders available in the UK (for a fee)
  • Royal Financial Trading (Cy) Ltd holds CySEC licence 312/16, confirmed on the CySEC register, for EU clients
  • Says client money is held in segregated client accounts, and lists negative balance protection on every account
  • Low entry point ($5) with published commissions on ECN and Prime accounts
  • Publishes a list of clone websites that use its name
Watch out for
  • Clients outside the countries with a local OANDA company may be placed with OANDA Global Markets Ltd, which holds only an offshore licence from the BVI FSC
  • UK inactivity fee after 12 months without trading, up to £20 a month
  • The NFA's BASIC record for OANDA Corporation lists past NFA and CFTC regulatory actions; read them there before you open a US account
  • International clients of oneroyal.com sign with Royal ETP LLC (St Vincent) or Royal CM Limited (Vanuatu), both offshore; St Vincent registration is not a licence
  • The ASIC licence (AFSL 420268) covers wholesale clients only
  • Leverage up to 1:1000 and deposit bonuses on oneroyal.com
  • Withdrawal fees apply if you have traded less than 2 lots since your last deposit

Risk warnings

The buttons to a broker’s website above the table are partner links: we may earn a commission if you open an account through them. That never changes the facts shown here. Trading leveraged products such as forex and CFDs carries a high risk of losing money rapidly, and most retail accounts lose money. Each broker’s own warning:

  • OANDA: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • OneRoyal: Online trading in leveraged Foreign Exchange and CFD instruments carries a high level of risk and may not be suitable for all investors. Leveraged trading can result in significant losses as well as potential profits. Before deciding to invest in margin instruments, carefully consider your investment objectives, level of experience, and risk appetite. You should not risk more than you can afford to lose. Always ensure you understand the risks involved and seek independent financial advice if necessary.

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Other head-to-head pages

Cost per lot is the typical EUR/USD spread in busy hours × $10, plus any round-turn commission, for one standard lot. “Not yet checked” means we have not confirmed that fact yet. This page compares facts; it does not rank the brokers or recommend either. Confirm costs and licences on each broker’s site and the regulator’s public register before opening an account: see how we review brokers and check a broker yourself.

Nothing on this page is financial advice. Read the full disclaimer.

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