OANDA is a forex broker founded in 1996 that serves US clients through OANDA Corporation, a CFTC-registered futures commission merchant and retail foreign exchange dealer and NFA member (ID 0325821), and Canadian clients through OANDA (Canada) Corporation ULC, regulated by CIRO. Since December 2025 it has been owned by the prop trading group FTMO. It offers currency pairs, plus CFDs on indices and commodities for Canadian clients, on its own platform as well as MetaTrader 4 and TradingView. It suits North American traders who want a long-established broker under home-country regulation rather than an offshore one.
Risk warning: Trading carries a high risk of losing money, especially with leveraged products such as CFDs. A bonus does not reduce that risk. Only deposit what you can afford to lose.
OANDA
New OANDA clients in the US and Canada who register for the offer by October 31, 2026 can earn $250 in cash by depositing $1,000, keeping it for 60 days and trading $1 million in notional volume within 90 days. Larger tiers pay $2,500 and $25,000, but need far bigger deposits and volume.
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OANDA was founded in 1996 by computer scientist Michael Stumm and economist Richard Olsen, and launched its fxTrade platform in 2001. It grew into a group with regulated entities in New York, Toronto, London, Warsaw, Tokyo, Singapore and Sydney. CVC Capital Partners bought it in 2018 and sold it to FTMO, a Czech prop trading firm, in a deal that closed on December 1, 2025; OANDA runs as a standalone business inside that group.
The welcome bonus is only for two entities. OANDA Corporation serves the US and is registered with the CFTC as a futures commission merchant and retail foreign exchange dealer and is an NFA member (ID 0325821). OANDA (Canada) Corporation ULC is regulated by CIRO and a CIPF member, and serves Canada except Alberta. US forex accounts carry no SIPC-style protection: OANDA is the counterparty, and customer funds are held in accounts in OANDA's name at banks it chooses.
In May 2025 OANDA Corporation settled an NFA case without admitting or denying the allegations, paying a $600,000 fine and up to about $429,000 in restitution over net capital, a pricing display issue, promotional material and supervision.
OANDA has no minimum deposit and charges no deposit or withdrawal fees. The standard US pricing is spread-only, with typical EUR/USD spreads around 1.4 pips; a spread-plus-commission model ($0.70 per 10,000 units per side) needs a $10,000 balance. US leverage is capped by the CFTC at 50:1 on major pairs, positions follow FIFO rules and hedging is not allowed. An inactivity fee of up to $20 a month applies after 12 months without trading, and currency conversion costs 1%.
OANDA also publishes its own client results: in each quarter from late 2025 to mid 2026, only about a third of US accounts were profitable. That matters for a bonus that requires heavy trading.
New US and Canadian clients who register on OANDA's promotion page by October 31, 2026 can earn a cash bonus in three tiers. The entry tier pays $250 for a deposit of $1,000 to $9,999.99 plus $1,000,000 of notional trading volume. The higher tiers pay $2,500 (a $10,000 deposit and $10 million of volume) and $25,000 (a $50,000 deposit and $100 million of volume). There is no code; you register with the email tied to your live account.
The volume is the real cost. Both the opening and closing side of each trade count, so one standard lot of EUR/USD round trip adds roughly $234,000; the $250 tier needs about four to five such round trips within 90 days, paying the spread each time. The deposit must stay for 60 days (the US landing page says 30, but the terms and the Canadian page say 60), and the bonus is credited 60 days after you meet every condition. Once credited it is cash you can trade or withdraw.
OANDA can reverse the bonus for abuse, such as stop-losses set only to churn volume, or if deposits are charged back. Anyone who has received an OANDA bonus before is excluded, as are joint accounts and clients of OANDA's other entities. The terms leave taxes to you and do not mention any tax form.
OANDA reruns its welcome bonus annually with different tiers. The 2025 version paid $100 for a $1,000 deposit and $500,000 of volume, so the 2026 entry tier pays more for twice the volume, while the higher tiers got harder. If the current deadline passes, a new version is likely, but the numbers will change.
Yes. New US and Canadian clients who register by October 31, 2026 can earn $250 by depositing $1,000 to $9,999.99, keeping it for 60 days and trading $1,000,000 of notional volume within 90 days. It is paid as cash 60 days after the conditions are met.
$1,000,000 of notional volume for $250, $10,000,000 for $2,500 and $100,000,000 for $25,000. Opening and closing both count, so one standard lot of EUR/USD round trip is about $234,000 of volume.
No. You register on OANDA's promotion page with the email address tied to your live account before the deadline.
OANDA's terms make you responsible for any tax on the bonus and tell you to consult a tax adviser. They do not say OANDA will send a tax form, so keep your own records.
Yes. OANDA Corporation is a CFTC-registered futures commission merchant and retail forex dealer and an NFA member (ID 0325821). OANDA (Canada) Corporation ULC is regulated by CIRO and is a CIPF member. In May 2025 OANDA Corporation paid a $600,000 NFA fine in a settlement.