OANDA is one of the most established names in forex, operating since 1996. The broker is regulated by the CFTC and NFA in the United States, as well as FCA and ASIC internationally. OANDA requires no minimum deposit and offers the proprietary fxTrade platform alongside MetaTrader 4 and TradingView. Spreads start from 1.0 pips, which is higher than ECN competitors, but OANDA compensates with strong research tools and regulatory trust. Maximum leverage is 1:50 under US regulations.
Advantages
US-regulated with CFTC/NFA compliance
No minimum deposit requirement
Proprietary fxTrade platform with advanced analytics