Is OANDA a Scam?｜Regulation & Safety

Is OANDA Safe and Legit? Our Deep-Dive Verdict

We verified OANDA‘s Singapore entity in the MAS directory and cross-checked the group’s other licenses with primary sources. OANDA Asia Pacific Pte. Ltd. holds a Capital Markets Services Licence in Singapore and lists its office at 1 Raffles Place #26-02, Tower 1, 048616. Its retail leverage is capped by MAS rules (commonly 20:1 on major FX). Public fee pages clearly disclose commission + core spread (from 0.0 with USD 3 per 100k traded), currency conversion +0.5%, non-SGD withdrawal fees USD 20/35, and inactivity fee up to SGD 10/month after 12 months of no trading. These checks point to a regulated broker, not a scam. Still, trading CFDs is high risk; verify every license on the regulators own site before funding.

What Do Traders Usually Ask about Safety and Legitimacy?

Q1. How do I confirm OANDA Singapore is actually MAS-regulated?

Search “OANDA Asia Pacific Pte. Ltd.” in MAS‘s Financial Institutions Directory. You’ll see the Raffles Place address and licence entry.

Q2. What leverage am I really getting in Singapore? Who sets it?

MAS sets retail margin parameters; OANDAs Singapore pages reiterate retail max 20:1 on typical FX.

Q3. Are client funds segregated?

OANDA states client money protections consistent with MAS rules and explains funding/withdrawal flows via the “My Funds” portal; always withdraw to a like-named account.

Q4. Where can I view enforcement history or status for the U.S. entity?

Use NFA BASIC for OANDA Corporation (NFA ID 0325821) to see current status and any actions.

Q5. Any “hidden” fees I should know about?

The fee page openly lists conversion ±0.5%, non-SGD withdrawal fee of USD 20 (first that month) then USD 35, and inactivity fee details (after 12 months). Review before trading.

Q6. How can I self-check “is this broker a scam”?

Validate each license on the regulators site (MAS, FCA, ASIC, NFA, FSA Japan, CIRO) and make sure you only fund via the methods listed in your OANDA dashboard—never to third-party accounts.

How Is OANDA Regulated across Jurisdictions?

Why it matters: multiple top-tier jurisdictions provide clearer complaint paths and standards (segregation, marketing rules, disclosures). You can independently confirm records via MAS, FCA, ASIC, NFA BASIC, Japan FSA lists, and CIRO.