Forex CFD trading
OANDA offers competitive currency CFD trading spreads and a range of powerful platforms.
*Please see our latest awards here.
Trading forex with OANDA
Dedicated to being clear and transparent, our pricing engine aggregates live prices, in real time, from our liquidity providers and calculates a mid-point for each tradable instrument.
This mid-point fluctuates throughout the day as market prices change.
Standard trading account
24-hour trading, support available when the markets are open, fully automated execution, choice of trading platforms and more.
Spread bet
You can also take a spread betting position on our full range of forex pairs. Spread betting is a tax-free** alternative to conventional trading.
Multiple platforms, one world-class broker
We’re a forex broker offering a range of platforms including OANDA web, mobile and tablet, as well as MT5, MT4 and TradingView.
**All profits made in spread betting are exempt from UK Capital Gains Tax and UK stamp duty. UK and Irish tax laws are subject to change and individual circumstances may vary.
What is FX trading?
Forex, or currency trading is the buying or selling of one country’s currency in exchange for another.
Benefits of forex CFD trading
You can trade forex CFDs using leverage, meaning you can gain a potentially higher market exposure by putting down just a fraction of the full value of your trade. Higher exposure amplifies both potential gains and losses. With currency CFD trading, you can speculate when one currency is rising as well as falling as compared to other currencies.
Apply for an account today
Go from application to trading in three easy steps:
Fill in our app form
Wait for account activation☨
Login, fund and trade
☨Subject to meeting our criteria. Additional information/documentation may be requested prior to account activation to establish eligibility.
Trusted by traders all over the world
With over 14 years experience, OANDA offers leading tools, powerful platforms and transparent pricing.
Protect your trades with a GSLO
Protect your positions from market gapping and slippage with a GSLO. Available on indices, gold and forex.
Advanced Charting powered by TradingView
Access leading indicators and drawing tools, including trade through charts, 100+ technical indicators and more.
Take a CFD position on metals
Our spreads are competitive, starting from just 19 cents per troy ounce for gold.
Frequently asked questions
The maximum financial leverage on currency pairs available in the UK for currency trading is currently 30:1 for standard account holders. If you hold a professional account, it’s 100:1. Remember, if you’re a professional client, negative balance protection doesn’t apply and you are liable for the full market position.
You can trade forex CFDs with us on OANDA mobile, OANDA web, MetaTrader 4, MetaTrader 5, and TradingView.
Our hours of operation coincide with the global financial markets, including the forex market opening and closing times. In the UK, trading is available from approximately 10pm Sunday to 10pm Friday (GMT). Please note: these times are subject to change during daylight saving time and certain public holidays.
Whether you have a live account or demo account for forex trading with a forex broker like us, you can find more information in our guides, where we give beginner to advanced materials covering basic trading terminology, technical chart analysis, fundamental news drivers, platform navigation, and risk management strategies.
Yes, you can.
With OANDA, you can choose between our fully customisable web-based platform or apps for mobiles and tablets. You can also use our online trading platforms like TradingView and MT4.
Forex trading signals are actionable ideas or alerts generated by market analysts, automated algorithms, or technical indicators. They suggest ideal entry points to traders, stop-loss levels, and target take-profit prices for specific currency pairs, helping traders make informed decisions when trading with forex brokers.
Yes, we support automated trading for currency trading. You can execute automated strategies through Expert Advisors (EAs) on MetaTrader 4 (MT4) and MetaTrader 5 (MT5), or connect custom algorithmic scripts using OANDA’s API services.
It’s important to note that automated execution through an API carries inherent technical risks, including connection latency and market slippage.
Day trading means opening and closing positions within the same trading day to capitalise on short-term price movements without holding trades overnight. Common techniques include scalp trading (capturing quick, minor price moves), breakout trading (entering trades when prices push past key support or resistance levels), and trend following (using technical indicators to trade in the direction of market momentum).
In forex trading, a "lot" represents a standardised unit quantity of currency. A standard lot equals 100,000 units of the base currency, a mini lot is 10,000 units, and a micro lot is 1,000 units.
CFD stands for Contract for Difference. In forex trading, it's a financial derivative that lets you speculate on the price movements of currency pairs without actually owning the underlying foreign currency.
Please check the relevant deposit funds section of frequently asked questions.