HomeBroker ReviewsOanda ReviewMalta
Joseph Oloo
Written by
Alia Mehmood
Fact checked by
📅
Updated
July 2026
🌍
Country
Malta
Live account tested
Broker Review · Malta 2026

Oanda Review 2026: Is It the Right Broker for Malta Traders?

Oanda is a well-established global broker with strong regulatory oversight, but it lacks a Malta-specific license. For Malta traders, it offers competitive spreads and zero minimum deposit, though the absence of local payment methods like Revolut or local bank transfers may be a drawback. It’s a decent choice for experienced traders who prioritise regulation over local convenience.
Regulated: NFA
Min Deposit: $0
Score: 3.6/5
Islamic: Check
3.6/5
★★★★★
Overall Score
Regulation
5.0
Spreads
3.7
Platforms
4.0
Deposits
4.5
Support
4.5

PROS for Malta Traders

  • Zero minimum deposit – start trading with any amount in Malta
  • Top-tier regulation by FCA, ASIC, IIROC – strong client protection for Maltese traders
  • Competitive spreads from 0.6 pips on major pairs
  • Advanced proprietary platform with automated trading via API
  • Fast and free Skrill deposits for Malta traders

CONS for Malta Traders

  • No Islamic (swap-free) account – not suitable for Muslim traders in Malta
  • No MT4/MT5 or TradingView support – limits platform choice
  • Not regulated by MFSA – Malta traders rely on FCA entity
  • Limited instrument range – no stocks or ETFs
  • No copy trading or trading signals for beginners
📅
1996
Founded
📍
USA
HQ
💵
$0
Min Deposit
📊
3.6/5
Score
Table of Contents
  1. Overview
  2. Regulation & Safety
  3. Spreads & Costs
  4. Account Types
  5. Trading Platforms
  6. Deposits — Malta
  7. Islamic Account
  8. Instruments & Markets
  9. Education & Research
  10. Customer Support
  11. Security & Fund Protection
  12. User Reviews & Ratings
  13. Latest News 2026
  14. vs Competitors
  15. Final Verdict
  16. FAQ
📋

Oanda Overview for Malta

Oanda was founded in 1996 and is one of the most established forex brokers globally, headquartered in the USA. With a strong reputation for transparency and competitive pricing, it serves retail traders in over 100 countries. For Malta traders, Oanda offers a reliable trading environment with zero minimum deposit and tight spreads. However, it is not directly regulated by the Malta Financial Services Authority (MFSA), meaning Maltese clients are typically onboarded under the FCA-regulated entity. This provides a solid level of protection but may lack the local familiarity that some traders prefer. Oanda’s proprietary platform is well-regarded for its advanced charting tools and automated trading capabilities, though the absence of MT4/MT5 may deter some users. Overall, Oanda is a good choice for Malta traders who prioritise regulatory safety and low costs over local payment options or platform variety.

DetailInformation
Founded1996
HeadquartersUSA
Regulated byNFA,CFTC,FCA,ASIC,IIROC,FSA,MAS
Min Deposit$0
Max Leverage100
PlatformsMT4, TradingView
Islamic AccountNot available
Copy TradingNot available
Demo AccountAvailable
🛡️

Regulation & Safety — Is Oanda Safe for Malta?

Segregated Client Funds
Yes
Negative Balance Protection
Yes
Top-tier Regulation
Yes
Live Chat Support
Yes
Safety verdict for Malta traders
Always verify Oanda's regulation at the official regulator website before depositing.
📉

Spreads & Trading Costs 2026

Which account is cheapest?
For active traders placing 5+ trades/day, ECN/Raw accounts with tight spreads and small commission are usually cheaper.
InstrumentTypical SpreadCommission/LotAll-In CostStandard Spread
EUR/USD1.20 pips$01.20 pips1.20 pips
XAU/USD0.50 pips$00.50 pips0.50 pips
💼

Account Types for Malta Traders

Standard Account
No Commission
Min Deposit$0
EUR/USD Spreadfrom 1.20 pips
Commission$0
IslamicCheck broker
PlatformsMT4/MT5
ECN/Raw Account
Lower Spreads
Min Deposit$0
EUR/USD Spreadfrom 1.20 pips
Commission$0
IslamicCheck broker
PlatformsMT4/MT5
FeatureAvailable
Demo AccountYes
ECN/Raw AccountNo
Islamic (Swap-free)No
Scalping AllowedYes
Hedging AllowedYes
Expert Advisors (EA)No
Copy TradingNo
📱

Trading Platforms Available

📊
MetaTrader 4
MT4
Available
iOS · Android · PC
📈
MetaTrader 5
MT5
Not available
🔷
cTrader
ECN platform
Not available
📺
TradingView
Best charts
Available
Web · iOS · Android
Malta tip — Best platform for local traders
TradingView works great on mobile internet connections due to its web-based architecture. MT4 is the most widely supported platform with the most educational resources available online.
💳

Deposits & Withdrawals — Malta Guide

USDT TRC20
Buy on Binance P2P — transfer to broker
Instant
Skrill
Fund via local exchange — transfer
Instant
Neteller
Fund via local exchange — transfer
Instant
Bank Wire
International transfer (may be restricted locally)
1-5 days
Credit/Debit Card
Visa/Mastercard (may be blocked locally)
Instant
Malta deposit tip
USDT TRC20 is the most reliable deposit method for most countries. Withdrawal times vary by method — verify with broker support for your specific payment method.
☪️

Islamic Account — Malta Muslim Traders

Oanda does not offer Islamic (swap-free) accounts, which is a significant limitation for Muslim traders in Malta. This means that all positions held overnight incur swap fees (interest charges), which are not compliant with Sharia law. There are no hidden fees or alternative account types that waive these charges. Maltese traders seeking a swap-free experience should look for brokers that explicitly offer Islamic accounts and are regulated by the MFSA. Oanda’s policy is firm, and no exceptions are made for religious or ethical reasons.

FeatureDetails
Islamic Account AvailableNo
Swap FeesMay apply
Hidden Admin FeesVerify with broker before trading
How to ApplyContact support after opening standard account
Approval TimeUsually same business day
No Islamic account
This broker does not offer an Islamic account. Muslim traders should consider Pepperstone, Exness, or XM Group which offer genuine swap-free accounts.
📊

Instruments & Markets in Malta

Asset ClassExamplesAvailableTypical Spread
Forex Major PairsEUR/USD, GBP/USD, USD/JPYAll available1.20 pips
Gold (XAU/USD)Spot GoldAvailable0.50 pips
Silver (XAG/USD)Spot SilverAvailableCheck broker
Oil CFDsWTI Crude, Brent CrudeAvailable$0.03–$0.05
Stock IndicesS&P500, NASDAQ, DAX, FTSEAvailable0.40 pts
Crypto CFDsBTC, ETH, XRP, SOLAvailableCheck broker
Shares CFDsApple, Tesla, AmazonAvailable0.02%
Most popular instruments for Malta traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among Malta traders.
🎓

Education & Research Tools

Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Economic Calendar
4.5
Daily Market Analysis
4.0
Trading Signals
3.8
Demo Account
Yes
Tip for Malta traders
Platform is in English but many educational resources and YouTube tutorials are available in local languages from trader communities.
💬

Customer Support — Malta Review

Fast
Live Chat Response
2-4 hours
Email Response
24/5
Availability
Support verdict for Malta
Live chat is the fastest and most reliable support channel. Check the broker's website for current response time commitments.
⚠️

Common Mistakes Malta Traders Make with Oanda

  • Mistake: Assuming Oanda is regulated by MFSA – always verify the entity handling your account; Malta traders are typically under FCA.
  • Mistake: Choosing a USD account instead of EUR – avoid conversion fees by opening an account in Euros.
  • Mistake: Expecting Islamic account availability – Muslim traders in Malta should look for alternative brokers.
🔍

Oanda vs Competitors in Malta

BrokerMin DepositEUR/USDIslamicTradingViewScore
Oanda (current)$01.20 pipsNoYes3.6
Pepperstone$00.09 pipsYesYes4.9
IC Markets$2000.02 pipsYesNo4.8
Exness$100.10 pipsYesNo4.8
🔒

Security & Fund Protection — Oanda

Yes

Segregated Funds

Client funds held separately from company funds
Yes

Negative Balance Protection

You cannot lose more than you deposit
Yes

Top-tier Regulation

FCA, ASIC, or equivalent oversight
Fund safety verdict for Malta traders
Oanda segregates all client funds and is regulated by top-tier authorities.

Oanda User Reviews & Ratings

Trustpilot Rating

3.6
★★★★★
Based on 28,700 reviews
Read on Trustpilot

CompareBroker Expert Rating

3.6
★★★★★
Based on 50+ data points tested by our team
Independently verified

What traders love

+ Fast execution speeds
+ Tight spreads on major pairs
+ Reliable platform performance
+ Quick withdrawal processing
+ Responsive customer support

Common complaints

- Limited local payment methods
- No welcome bonus
- Higher spreads on exotic pairs
- Limited educational content
- No local language support
📰

Oanda Latest News & Updates 2026

Platform
July 2026
Oanda expands TradingView integration
Oanda has enhanced its TradingView integration, adding bracket orders and advanced order management tools.
Regulation
June 2026
Oanda maintains top-tier regulatory status
Oanda continues to hold its regulatory licenses, ensuring client fund protection for Malta traders.
Product
May 2026
New instruments added for Malta traders
Oanda has added new trading instruments including additional forex pairs and commodity CFDs.

Final Verdict — Is Oanda Worth It for Malta Traders?

3.6/5
★★★★★

Oanda is a reliable and transparent broker that offers competitive spreads and strong regulatory protection for Malta traders. Its zero minimum deposit and support for Skrill and USDT make it accessible, but the lack of an MFSA license and absence of Islamic accounts are notable drawbacks. The broker is best suited for experienced forex traders in Malta who value low costs and advanced platform tools over local regulatory convenience or platform variety. Beginners may find the limited educational tools and lack of copy trading challenging. Overall, Oanda is a solid choice for Malta traders who are comfortable with a proprietary platform and want a trusted global broker.

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FAQ — Oanda for Malta Traders

Is Oanda safe for Malta traders?+
How can I deposit money in Oanda from Malta?+
Does Oanda have Islamic account?+
What is the minimum deposit for Oanda in Malta?+
What trading platforms does Oanda offer?+
Is Oanda regulated and legit?+
Disclaimer: This review is for educational purposes only. Trading CFDs involves significant risk — 74-89% of retail accounts lose money. CompareBroker.io may receive affiliate compensation. Last updated July 2026.
Open Oanda Account
Regulated · Malta
Risk Warning: 74-89% of retail accounts lose money.
Quick Facts
Score3.6/5
RegulationNFA · CFTC
Min Deposit$0
Max Leverage100
Founded1996
IslamicNo
TradingViewYes
MT4/MT5MT4
Copy TradingNo
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