# OANDA — MetaTrader 4 United States research scope · OANDA Corporation. Documentation reviewed. Reference page: /demo-accounts/oanda-mt4-us.html Documentation research, not account or execution testing. Research regions do not establish residence eligibility. Requires Verification is an evidence gap, not proof of unavailability. Source conflicts and product/entity qualifications must remain attached to claims. Demo results do not establish live trading performance. ## Research checked 2026-10-12 ## Testing status Not tested ## Recorded virtual amount Requires Verification ## Recorded currency Requires Verification ## Virtual funds Not recorded ## Balance qualifications Starting balance not established. ## Expiry category inactivity ## Expiry rule Closed after 90 days without activity; cannot reopen ## Expiry qualifications ## Evidence category Documentation reviewed ## Signup requirements Create OANDA demo, then MT4 subaccount ## Notes and remaining checks Documentation review only; signup not tested. ## Record ID oanda-mt4-us ## Broker OANDA ## Legal entity OANDA Corporation ## Research region codes - US ## Research region code US ## Research region United States ## Research scope United States ## Platform code mt4 ## Platform MetaTrader 4 ## Documented terms Usually same price feed as live; hedging unavailable ## Balance reset or adjustment Hub virtual funding; create new subaccount after closure ## Live account or deposit No; separate demo ## Devices Desktop; OANDA web/mobile also access v20 MT4 account ## Forex coverage Forex available; demo pair count not stated ## Eligibility and regional limits US entity reviewed; residence selected at signup. Complete demo country list not stated. ## What the evidence establishes Official broker documentation; signup and trading not tested. ## Supporting sources - [OANDA US: Open demo account]() — source ID: oanda-1 - [How to create an OANDA demo account]() — source ID: oanda-2 ## Official information source [OANDA US: Open demo account]() ## Entity and regulatory research ### Evidence status Verified ### Legal entity OANDA Corporation ### Regulator CFTC / National Futures Association (NFA) ### Finding Live NFA BASIC profile identifies OANDA CORPORATION, ID 0325821: NFA Member Approved; CFTC Registered as Futures Commission Merchant and Retail Foreign Exchange Dealer; Forex Dealer Member designation. ### Scope US entity only. Registration is not an endorsement or assessment of demo execution, safety, all group companies or foreign-resident eligibility. Regulatory-action history was not assessed. ### Supporting sources - [NFA BASIC — OANDA CORPORATION, 0325821]() — source ID: oanda-reg-1 - [CFTC selected FCM financial data, August 2026]() — source ID: oanda-reg-2 ## Official entry route ### Route type portal ### Notes and remaining checks Register in OANDA Hub; platform setup follows. ### Evidence status Official entry route ### URL https://hub.oanda.com/apply/select ### Route source https://help.oanda.com/us/en/faqs/open-demo-account.htm ### Research checked 2026-10-13 ### Testing status Not tested ## Execution and demo realism ### Scope OANDA Corporation · US OTC Forex; excludes third-party spot cryptocurrency services. ### Testing status Not tested ### Contractual role #### Finding Principal #### Evidence status Documented #### Notes and remaining checks Sections 2(b) and 9(a) make OANDA the counterparty to OTC Forex trades on a principal-to-principal basis. #### Supporting sources - [OANDA Corporation Customer Agreement, March 2026]() — source ID: ex-c-oanda-contract #### Research checked 2026-10-13 ### Execution arrangement #### Finding OTC quotes set by OANDA #### Evidence status Broker-reported #### Notes and remaining checks Section 9(b)-(c) provides OANDA quotes and execution at the prevailing server rate; displayed rates can change before execution. #### Supporting sources - [OANDA Corporation Customer Agreement, March 2026]() — source ID: ex-c-oanda-contract #### Research checked 2026-10-13 ### Demo realism #### Finding Usually the same price feed #### Evidence status Broker-reported #### Notes and remaining checks The US general demo FAQ says the demo usually uses the live price feed. It does not establish equal fills, liquidity, slippage or charges on MT4, TradingView or web/mobile. #### Supporting sources - [OANDA US demo FAQ]() — source ID: ex-c-oanda-demo #### Research checked 2026-10-13 ### Research review #### Research checked 2026-10-13 #### Review outcome Role: Principal; Arrangement: OTC quotes set by OANDA; Demo: Usually the same price feed. Official documentation review only; no account or order tests. #### Remaining checks - Establish execution and fee simulation separately for each platform; a shared quote feed is not fill equivalence. ## Demo markets ### Scope OANDA Corporation · United States · MetaTrader 4. Market coverage not yet reviewed. ### Testing status Not tested ### Forex CFDs #### Evidence status Requires Verification #### Notes and remaining checks Forex CFD demo access has not been established for this entity and platform. #### Supporting sources No supporting source recorded for this field. #### Research checked Requires Verification ### Cryptocurrency CFDs #### Evidence status Requires Verification #### Notes and remaining checks Cryptocurrency CFD demo access has not been established for this entity and platform. #### Supporting sources No supporting source recorded for this field. #### Research checked Requires Verification ## API access ### Evidence status Requires Verification ### Type Requires Verification ### Access route Not established for this offering ### Notes and remaining checks API access has not yet been established for this legal entity and demo platform. This does not mean it is unavailable. ### Requirements Confirm the account, platform and regional requirements with the broker. ### Supporting sources No supporting source recorded for this field. ### Official documentation No supporting source recorded for this field. ### Research checked Requires Verification ### Testing status Not tested ## Official sources ### OANDA Corporation Customer Agreement, March 2026 Source ID: ex-c-oanda-contract https://legal.oanda.com/oc/fxtrade_customer_agreement/en #### Source owner Broker #### Research checked 2026-10-13 #### Source locator Sections 2(b), 9(a)-(c), pages 3, 5-6 #### Source access note Official page/PDF opened and read; no account opened or trading tested. ### OANDA US demo FAQ Source ID: ex-c-oanda-demo https://help.oanda.com/us/en/faqs/open-demo-account.htm #### Source owner Broker #### Research checked 2026-10-13 #### Source locator Is the price feed for demo accounts the same as the price feed for live accounts? #### Source access note Official page/PDF opened and read; no account opened or trading tested. ### OANDA US: Open demo account Source ID: oanda-1 https://help.oanda.com/us/en/faqs/open-demo-account.htm #### claims Entity/regulatory footer; signup; separate live account; funding; expiry and MT4 90-day inactivity; no hedging; usually same price feed. #### Research checked 2026-10-12 #### evidence status Documented; not account-tested ### How to create an OANDA demo account Source ID: oanda-2 https://www.oanda.com/us-en/skills-and-insights/education/platforms-and-tools/oanda-platforms/how-to-create-oanda-demo-account/ #### claims US demo platform mapping, Forex, MT4 subaccounts, TradingView connection and virtual balance reset. #### Research checked 2026-10-12 #### evidence status Documented; not account-tested ### NFA BASIC — OANDA CORPORATION, 0325821 Source ID: oanda-reg-1 https://www.nfa.futures.org/BasicNet/basic-profile.aspx?nfaid=tDw0VT6Nt%2F8%3D #### Evidence category Current profile status NFA Member Approved; CFTC registered FCM and RFED; designation Forex Dealer Member; DBA FXTRADE.COM OANDA. #### source date Live profile accessed 2026-10-12; no dataset timestamp shown #### Source access note Verified in rendered Chrome register after NFA-ID search. Numeric plain-ID URL initially redirected; actual encrypted profile URL above is observed. ### CFTC selected FCM financial data, August 2026 Source ID: oanda-reg-2 https://www.cftc.gov/sites/default/files/2026-10/01%20-%20FCM%20Webpage%20Update%20-%20August%202026.pdf #### Evidence category Both GAIN CAPITAL GROUP LLC and OANDA CORPORATION are listed as FCMRFD with NFA as DSRO; corroborates FCM and retail Forex dealer registration as of the report date. #### source date 2026-08-31; reports filed by 2026-10-01 #### Source access note Official PDF opened and read; historical monthly dataset, not the source used for current NFA status.