Oanda Options: Can You Trade Options on Oanda?

logomark Luca Puddu calendar Last Updated: November 2021 timer 3 min read
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Oanda is one of the biggest names in the Forex trading industry as shown by our Oanda Review.

Many Options traders wonder whether Oanda offers options trading or not.

This article answers this question and several others.

Let’s get started!

Table of contents

Does Oanda Offer Options Trading?

Oanda is a broker that offers hundreds of tradable assets on several markets. But many traders, especially from the US, would like to trade options with Oanda.

However, Oanda doesn’t offer Options for trading on its platform.

On the other hand, every trader that operates on Oanda can invest in many other instruments such as indices, commodities, Forex, bonds, and in some locations, crypto.

Oanda Options Alternatives

While Oanda doesn’t allow options trading on its platform, some other brokers do. Here are the best 3 alternatives you should consider when it comes to options trading:

  1. IG Markets

IG Markets has been in the Forex industry for years. Just like Oanda, the broker is available in the USA too. The market-maker CFD broker offers trading options through spread bets or CFDs through a proprietary platform.

It also offers its users the possibility to trade major stock market indices, shares, and Forex and choose from daily, weekly, monthly, and quarterly options.

  1. AvaTrade

AvaTrade is a market-maker CFD broker that offers competitive fixed spreads and 40 Forex options. To increase its users’ chances of making profitable trading decisions, it provides professional risk management tools to mitigate trading risks. It is also a great proprietary platform AvaOptions.

  1. Interactive Brokers

This is another Forex broker with a presence in the United States. It charges commissions from $0.15 to $0.65 per US option contract and allows traders to trade options globally on more than 30 market centers.

It is a professional trading platform with advanced options trading tools to make trading this instrument a lot easier and boost traders’ profit-making chances.

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

Oanda IG Markets AvaTrade Interactive Brokers
Options No Yes Yes Yes
Options Available N/A Vanilla options,
Barrier options
Vanilla options Futures options
Minimum Deposit $0 $250 $100 $2000

What does Oanda Offer in Terms of Markets?

Oanda’s offerings include more than 100 instruments consisting of over 70 currency pairs. That is aside from the following instruments as CFDs:

  • 4 US bonds and 1 UK bond.
  • 31 commodities, including 24 metals.
  • 2 cryptocurrencies, depending on your location.
  • 16 index.

If you wish to know more about its offering, you should absolutely visit the official Oanda Website (73.5% of retail CFD accounts lose money).

oanda markets page

On the site, you’ll find spreads from 0 Pips on Forex with no added commissions if you operate the Oanda Standard Account.

For more information about the available account types and pricing, read our Oanda Account Types guide.

Oanda Options FAQs

Some of the frequently asked questions by Forex traders considering using the Oanda broker are:

Does Oanda have Options trading?

Oanda doesn’t offer Options trading.

Is Oanda only for Forex?

Forex isn’t the only investment opportunity you can find on Oanda. Alongside Forex, the broker also offers the following assets as CFDs: commodities, bonds, indices. If your location permits, you may find cryptocurrency too.

Thus, while Oanda doesn’t offer Options trading, some other brokers such as the ones mentioned here do. More so, you can find a wide range of Forex instruments and CFDs to trade on the Oanda. The choice is yours.


About the Author

Luca Puddu

Broker Expert

Always full of different interests, Luca started to get interested in the field of personal finance in 2014.

His self-taught studies led him year by year to become increasingly interested in the investment field.

To date, Luca actively invests in the stock market and cryptocurrencies, focusing on rising markets and the industries of the future.

His main role at InvestinGoal.com is to analyze and study in the smallest detail the brokers and their platforms, while checking carefully that the information shown by them is genuine.

In this way, he provides readers with a complete and truthful overview of the broker they might be interested in.


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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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