Forex Trading
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4X Trading

The Foreign Exchange Market

The Foreign Exchange Market goes by many names—Currency Exchange, Foreign Exchange, Forex, FX, 4X. No matter the term, forex is simply the trading of one currency against another. Currencies are traded in the form of currency pairs, with pricing based on real-time exchange rates and spreads.

The forex market is the world’s largest financial market, and with web-based trading applications such as OANDA's, you too can participate directly in this market.


  1. We make powerful forex trading technology simple to use. OANDA fxTrade is institutional-quality trading software that delivers premium performance and innovative features in one easy-to-use platform.
  2. We deliver low spreads. OANDA's spread policy is simple: to offer the tightest spreads possible, with no discrimination based on how much (or how little) you trade.
  3. We focus on quality of execution. All transactions are 100% automated without human intervention. Trades are executed efficiently and settled instantly, drawing on deep OANDA Liquidity™.
  4. We don't follow outdated rules that cost you money. Our innovation has made typical trading practices like two-day settlements, rollover swaps, and fixed trade lots obsolete. We give you the flexibility to tailor trades to suit any trading strategy.
  5. We make an open, transparent market. OANDA publishes short and long positions to help traders judge the depth of the market for a given currency pair. We publish real-time rates and give all traders rate updates as the market moves.
  6. Reputation matters. OANDA has offered online currency exchange information since 1996 and forex trading services since 2001. We are registered with 5 regulatory organizations worldwide and have a surplus of capital reserves that far exceeds the required regulatory amount.
  7. We don't discriminate. We operate in stark contrast to forex brokers who give rebates and volume discounts to favor certain traders over others. OANDA customers trade with the confidence that everyone gets the same tight spreads—with no extra fees, no commissions, and no middlemen.
  8. We support our customers with resources that help them trade better. OANDA provides free access to news feeds from Thomson Reuters, Dow Jones, UBS, and 4Cast. We also offer analytical trading tools and aggregate the real-time expectations and positions of thousands of our traders to create a market sentiment index.
Trading off-exchange foreign exchange on margin carries a high level of risk and is not suitable for all investors. Trading through an online platform carries additional risks.
Please refer to our more detailed Risk Warning, and NFA's FOREX INVESTOR ALERT.
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