# OANDA Reviews 2026. Verified Reviews, Pros & Cons | Capterra > Is OANDA the right Currency Exchange solution for you? Explore 21 verified user reviews from people in industries like yours to make a confident choice. Source: https://www.capterra.com/p/136221/OANDA/reviews --- OANDA 4.8 (21) [View alternatives](https://www.capterra.com/p/136221/OANDA/alternatives/) Provider data verified by our Software Research team, and reviews moderated by our Reviews Verification team. [Learn more](https://www.capterra.com/our-story/) * * * Last updated March 13th, 2026 # Reviews of OANDA Ease of use 4.5 Customer Service 3.9 ## Pros and Cons in Reviews NK Nicholas K PresidentConsumer Goods, 2 - 10 employeesUsed the software for: More than 2 years. “They have links to a number of useful resources without difficulties returning to where you were.“ June 3, 2020 FJ Fernandez J Administrative Assistant 1Government Administration, 1,001 - 5,000 employeesUsed the software for: 1-2 years. “None, so far; except, perhaps, for a bit of a problem when I forgot my password--which was, actually totally my fault.“ December 12, 2020 ## Showing most helpful reviews Showing 1-21 of 21 Reviews Sort by: Most Helpful Rating Company Size Reviewer's Role Length of Use Frequency of Use Sulakshana (. Senior Manager Talent Acquisition Used the software for: 2+ years ### "Good product. " January 12, 2018 4.0 Pros Easy to use. Very fast web and mobile app Accurate conversion No frills design and UX. Love that. Cons One important thing missing is notifications. Perhaps the app or website could introduce a notifications upgrade where if the currency rate changes, the user can get notified. Review Source NK Nicholas K. President Consumer Goods Used the software for: 2+ years ### "OANDA Forex Charting For Ease Of Buying/Selling Forex Markets" June 3, 2020 5.0 I started with OANDA from a recommendation of three such charting software at a workshop I attended. From day one I could easily move around, research and find the information I needed. This software and its stop/loss features, etc have been profitable to me. Pros Sensibly laid out and easy to understand. I originally practiced with their trial/practice version. I've used other Forex Software but only to try them. This was my first Forex software and my last. Charting individual pair currencies, tracking balances, and setting bids is easy with this software. They have links to a number of useful resources without difficulties returning to where you were. I recommend this to friends wanting to try Forex Markets. Those I have taught the does and don'ts of investing have been taught on this system. Charts are easy to follow and understand. Plus they have all time sloy charts. Cons As with any Forex endeavors, there are risks, but this software shows transparency in current and past trades. Reason for choosing OANDA Ease of understanding and flow of information. Accessible desktop and mobile. Review Source DW Dan W. self employed Used the software for: 6-12 months ### "A good trading platform that lacks some of the needed currency pairs" April 4, 2018 5.0 Ease of Demo trading the Spot forex for beginners Pros allows ease of market analysis. Chart set up is effortless. Placing and managing trades flows smoothly Cons The lack of all exotic currency pairs makes thorough market analysis difficult. Customer support is slow or non existent. Spread and margin requirements are not nearly as good as others Review Source VR Verified Reviewer Business Analyst Insurance Used the software for: 2+ years ### "Experience using OANDA" May 4, 2019 5.0 Pros I like that it has a feature that displays the moving-averages history of any currency selected, also it has a newsfeed that is updated realtime (I think that's cool) and the accuracy of currency conversion is impressive. Cons There is no option for Bitcoins (and other cryptocurrencies), it will be nice if OANDA can provide this. Review Source VR Verified Reviewer INTERNATIONALISATION & CROSS CULTURE EXPERT | to enter a new market you need to know its lingo Think Tanks Used the software for: 2+ years ### "The Currency converter function will save your transactions " February 3, 2019 5.0 I use mostly the Currency Converter function: wherever I am in the world. I can check in real time if the change that is proposed to me is convenient and bargain with the clerk that I have in front of me. A tool to save time and money. Pros Very simple to use: both the Desktop and App version. Cons Sincerely I am so happy about this SW, that I would only higly recommend it. Review Source DH Dobromir H. Online Sales Agent Accounting Used the software for: 6-12 months ### "Great tool" May 27, 2018 5.0 Pros I use OANDA for their currency converter. It's accurate tool that provides great details for the relevant exchange rates. It supports ton of different currencies and has very simple design . I love that their currency converter is also available for mobile devices via app and most importantly it's FREE. The "Historical Exchange Rates" has awesome design and it's very useful when certain currency exchange rate need to be tracked. Everything is provided in great details which .You can also get Live Exchange Rates without premium account. OANDA support demos for the paid services , which in my opinion is very helpful when deciding if you want to go with them . Cons I found no Cons. It will be great if they make their currency converter as desktop application , however I am happy to use it online as well. Review Source EA Emel A. Payment Options Specialist Financial Services Used the software for: 2+ years ### "A good way to get a second opinion on rates. " January 19, 2019 5.0 Pros We use Oanda to verify exchange rates before transactions and I am very happy with my usage of it .The calculator has a rich database and the design of the page is pleasant Cons I have noticed that they are a little bit slower when it comes to tracking USD fluctuation and updating changes . Review Source VR Verified Reviewer Freelance Events Organizer Events Services Used the software for: 2+ years ### "Very Reliable" January 29, 2019 5.0 Pros It's been always my first choice to get info about currency exchange rates, live or historical, very easy to use, very clear & precise, and it's good for businesses that use multiple currencies. Cons So far nothing, I didn't face any troubles. Review Source DE Dima E. Online Tax Team Financial Services Used the software for: 2+ years ### "Zero entry cost " April 15, 2019 5.0 Pros I like that the converter is free and how easily available it is .You literally just have to visit their site . Cons A bit slower to update exchange rate changes for more exotic currencies ( primarily talking about JPY ) Review Source TG Tihomir G. Online Tax Team Financial Services Used the software for: 6-12 months ### "Amazing tool " August 29, 2018 5.0 Pros In the financial sector you always have to be aware of the most recent currency ups and downs and Oanda helps you stay on top of that .It is easy to use and has a very pleasant design . Cons Would love for the site to be more mobile friendly as I don't fee it's really worth it to download an app just for doing currency conversions . Review Source VB Valentina B. Agricolo Farming Used the software for: Less than 6 months ### "OANDA Forse" November 3, 2023 3.0 Non mi sono trovata bene a problemi di assistenza clienti che inesistente , ma ha broker professionali Pros Mi piace la possibilità di avere un broker a disposizione che aiuti con gli investimenti Cons Non mi e piaciuto l'assistenza clienti ci sarebbe da dire parecchio Review Source TI Tsvetelina I. Junior Filing Specialist Accounting Used the software for: 6-12 months ### "I use it every day!" July 25, 2018 5.0 Pros I use OANDA in my work to check the most recent rates for the different currencies. Their online calculator is really helpful and it's free. Everything is simple and user-friendly. Cons I can't point any downsides of OANDA. I really like the service. I use it constantly and it saves me precious time. Review Source GB Gina B. HSE advisor Education Management Used the software for: 2+ years ### "My go to currency converter." November 26, 2019 5.0 Pros I've been using Oanda for currency conversion for many years of overseas travelling. It's very user-friendly and I especially like the wallet-sized FX cheat sheet that you can print out and keep in your purse, this had proved invaluable on many occasions. Cons Nothing really. It does what I require it to do and it does it well. Review Source NW Nathan W. Staff Accountant Accounting Used the software for: 1-2 years ### "Great Currency Converter" December 5, 2019 5.0 This software provides a great way for us as a firm to use the same rates. Great for consistency. Pros You have access to a wealth of data on currency rates from all over the world. This provides a consistent way to track rates firm wide. Cons Choosing the dates for conversion rates can be a bit cumbersome at times. I would prefer just being able to type in the dates than manually scrolling through months. Review Source FJ Fernandez J. Administrative Assistant 1 Government Administration Used the software for: 1-2 years ### "OANDA among the top best forex trading platform provider" December 12, 2020 5.0 Oanda provided me with among the best platform in the market and did its best to keep me informed about the market, as well as, invited me to some free webinars. Pros Subscribing to OANDA is very inexpensive, I could start trading with just $10 and I get access to all the features and functionalities that their platform can provide. Cons None, so far; except, perhaps, for a bit of a problem when I forgot my password--which was, actually totally my fault. Review Source VR Verified Reviewer Vice President Of Technology & Operations Information Technology and Services Used the software for: 2+ years ### "Easy for One-Off Rates" July 17, 2019 4.0 Pros Easy to plug in a source and target rate and get the current rate Cons When you want historical rates for multiple currencies it becomes inefficient and the API is expensive. Review Source AS Archil S. BA Information Technology and Services Used the software for: 6-12 months ### "Tool to trade on forex markets" July 27, 2021 5.0 Pros Small spreads for FX and for CFDs, easyness of putting money on the account Cons Still using Meta Trader 4 for general trading operations Review Source VR Verified Reviewer Buyer Health, Wellness and Fitness Used the software for: I used a free trial ### "Helped me understand the markets" April 29, 2019 5.0 Pros I used the OANDA free trial to learn how to trade the market, so virtual, not real cash was used. The platform was easy to use and I could easily have moved to an account trading real cash. I'm still practicing though, so OANDA is on the top of my list to open a real account when I am ready. Great customer service, great platform. Cons I wish the free trial period was slightly longer. Review Source VI Venelina I. Payroll Provider Communications Manager Financial Services Used the software for: 1-2 years ### "Good for currency conversions " July 18, 2019 4.0 Pros I find the currency conventer to be most reliable you can quickly access online .The design is pleasant to look at . Cons I feel the demo is very baiting as it somewhat scales financial interactions in your favor to make you more likely to sign up for the real thing Review Source GZ Georgi Z. Customer Sales Representative Financial Services Used the software for: I used a free trial ### "Good for following the currency trends ." October 2, 2018 5.0 Pros The free features are a great hook to their premium services .The ability to see various exchange rates in real time and how they've changed in however long you want really enables you to make the best financial decisions for yourself . Cons With that being said , I can't really see myself paying what they're charging for their full package . Review Source MC Mary C. Used the software for: ### "Mobile App is great!" October 14, 2016 5.0 I have the app on my phone and use it all the time when traveling for business to document exchange rates or to see just how expensive that soup on the menu is. The app is simple to use - you can scroll through a list of all currencies (including obsolete ones) to select, or roll through your favorites. My only quibble is that the list is a bit small and my fat thumb has been known to click on the wrong one. Pros Ease of use! Cons Print is small; easy to click the wrong currency. Review Source Similar Products Featured