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OANDA in India — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%70
- Round-turn cost20%95
- Safety20%0
- Payouts15%no data
- Track record10%100
- Platforms10%no data
Numbered by weight: axis 1 counts for most.
Key facts
Licence check
Who actually onboards you
- Entity that onboards India residents
- None. OANDA does NOT accept residents of India.
- Local standing
- Not applicable - not served. Indian residents are explicitly not onboarded.
- Licence as the register states it
- Not applicable. No SEBI/RBI authorization; retail forex CFDs restricted under FEMA anyway.
- Leverage for this entity
- Not applicable.
- The firm behind it
- OANDA founded 1996; Tier-1 global group. Chooses not to serve India (also FEMA/RBI restrictions on offshore FX).
- What we hold against it
- Not served; residents of India not accepted per OANDA and multiple 2025-2026 reviews.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Indian residents enters the score.
Not applicable.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youNot applicable - not served. Indian residents are explicitly not onboarded.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against India market median(priced from 65 of 90)
Medians run over the 65 of 90 brokers that publish a price for India, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Not applicable - not served. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where OANDA sits in the India base(90 brokers)
Round-turn cost, USD (65 of 90 priced)
Median 7 USD · range 2-18 · this broker 6 USD · 25 of 90 brokers do not publish it
Minimum deposit, USD (16 of 90 priced)
Median 15 USD · range 0-1000 · 74 of 90 brokers do not publish it
Retail leverage (49 of 90 with a India figure)
Median 1:500 · range 20-5000 · 41 of 90 brokers do not publish it
Withdrawal time published (90 brokers)
Deposit and withdrawal methods (1 methods · 0 local rails)
Not applicable - not served.
- Account currency
- Not applicable - not served.
- Fee declared
- 0 of 0 methods
- Withdrawal back to
- the funding method
Where it does not serve(4 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.4 | — |
Share of reviewers in India: — The platform does not publish it.
Pros and cons(2 for and 3 against, each tied to a figure on this page)
- Round turn 6 USD on the standard basis, under the India median 7
- Track record 100 of 100, its strongest of 6 scored axes
- No India authorisation on file: the entity that onboards you is licensed elsewhere
- Withdrawal in 120 h, over the India median 48
- Safety 0 of 100, its weakest of 6 scored axes
Alternatives in India(6 of 90 scored in India)
- Round turn, USD
- 7IN
- Min deposit, USD
- 10 groupIN
- Rank in this country
- #26
- Round turn, USD
- 6IN
- Min deposit, USD
- 100 groupIN
- Leverage
- 500 group
- Rank in this country
- #32
- Round turn, USD
- 7IN
- Leverage
- 1000 group
- Rank in this country
- #40
- Round turn, USD
- 8IN
- Rank in this country
- #47
- Round turn, USD
- 6IN
- Rank in this country
- #45
- Round turn, USD
- 5IN
- Min deposit, USD
- 0 groupIN
- Rank in this country
- #2
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a India score. Full methodology
| Axis | Weight | What is measured | OANDA |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 70 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 95 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 0 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 0 |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 0 |
FAQ
- Does OANDA accept residents of India?
- No. Not applicable - not served. Indian residents are explicitly not onboarded. Onboarding entity: None. OANDA does NOT accept residents of India.
- Is OANDA licensed to serve clients in India?
- Not applicable. No SEBI/RBI authorization; retail forex CFDs restricted under FEMA anyway. Checked on 09.07.2026.
- How much does one round turn cost at OANDA?
- About 6.0 USD per standard lot on EUR/USD. The median across brokers measured for India is 7.0 USD.
- How can I withdraw money from OANDA in India?
- Not applicable - not served.
- What account types does OANDA offer?
- Not applicable - not served.
Cost calculator (median of 65 priced of 90)
EURUSD round turns at the prices captured 01.10.2026. Shown in USD only: we do not publish a INR conversion because the exchange rate is not part of our data.