Promotion: Welcome Bonus
Regulated: NFA / CFTC (USA)		Tier One: $150 | Deposit $300+
Tier Two: $1,000 | Deposit $10,000+		Bonus: Withdrawable After 60 Days
One Bonus Per Household

According to published RFED data for 2023, OANDA reported the highest number of active retail forex accounts among US RFED brokers, At the time of the promotion, OANDA offered a regulated welcome bonus program for eligible US traders. New account holders who opt in, deposit the qualifying amount, and reach the required trading volume can receive a bonus of $150 or $1,000 in real, withdrawable cash credited to their account 60 days after the conditions are met.

The promotion ran from November 1, 2024 to March 31, 2025, and was available through OANDA’s partnership with TraderNick. The information in this review was compared with details published on OANDA’s official promotion page at the time of writing. Traders who registered and opted in within that window are the only ones eligible to participate in this promotion. Traders should visit OANDA’s official website to review any currently available promotions.

FXRecap Note: This promotion has a defined end date of March 31, 2025. If you are reading this after that date, the offer described here has closed. Visit oanda.com to confirm whether a current welcome promotion is active. All terms below reflect the 2024 to 2025 offer as published.

OANDA: Regulation and US Market Position

OANDA Corporation is registered with the NFA and operates under CFTC regulatory oversight in the United States, holding registration with both the National Futures Association (NFA) and operating under oversight of the Commodity Futures Trading Commission (CFTC). OANDA has been active since 1996, OANDA has been operating since 1996 and has an established history in the retail forex industry.

OANDA offers forex trading through its proprietary platforms and supported third-party platforms. Available products vary by regulatory jurisdiction. The broker does not offer SIPC protection on forex accounts, as is standard for all CFTC-regulated forex brokers. Leveraged trading involves significant risk and traders can lose some or all of their invested capital.

FXRecap Note: OANDA Corporation is NFA-registered and CFTC-regulated, OANDA operates under US regulatory requirements applicable to NFA-registered and CFTC-regulated forex brokers. This promotion was offered through OANDA Corporation and was subject to applicable US regulatory requirements. All trades and account operations are subject to NFA and CFTC rules.

Welcome Bonus: Full Terms at a Glance

The promotion included two bonus levels.Both bonus levels required advance registration before depositing, and the deposit must be maintained for a further 30 days after both the deposit and trading volume conditions are satisfied.

TermDetails
Promotion PeriodNovember 1, 2024 at 9am EDT to March 31, 2025 at 5pm EDT
EligibilityNew account holders who registered after November 1, 2024 and had not yet made a deposit
Opt-In RequirementOpt-in must be completed before depositing. Cannot be applied retroactively.
Tier One Deposit$300 to $9,999.99
Tier One Trade Volume$100,000 notional trade volume
Tier One Bonus$150
Tier Two Deposit$10,000 or more
Tier Two Trade Volume$5,000,000 notional trade volume
Tier Two Bonus$1,000
Deposit Hold RequirementDeposit must remain in the account for 30 days after both deposit and volume conditions are met
Bonus Payout TimelineCredited to account within 60 days of meeting all requirements
Bonus WithdrawabilityFully withdrawable after the 60-day credit window
Household LimitOne bonus per household, regardless of the number of accounts
Platforms AvailableOANDA Mobile, OANDA Web, MetaTrader 4, TradingView
Account CurrencyUSD

Bonus Tiers: Deposit, Volume, and Reward

Both tiers require opt-in at the point of signup. The notional volume requirement for Tier Two is 50 times higher than Tier One, reflecting the 6.5x difference in bonus payout.

TierDeposit RequiredMin. Notional Trade VolumeWelcome Bonus
Tier One$300 to $9,999.99$100,000 notional volume$150
Tier Two$10,000 or more$5,000,000 notional volume$1,000
Traders considering a qualifying deposit should evaluate whether the trading volume requirement aligns with their trading activity.

How to Claim the Bonus: Step by Step

The opt-in must happen before the first deposit. Depositing without completing the opt-in form removes eligibility, and retroactive opt-ins are not accepted.

1Complete the opt-in form on the OANDA welcome bonus page (or via the TraderNick partnership link). Provide your name, email, and phone number. Confirm that you have reviewed and agreed to the promotion terms and conditions. The opt-in must be submitted before your first deposit is made.
2Open a new OANDA account if you have not already done so. The account must have been opened after November 1, 2024, and you must not have made any prior deposit. Accounts registered before November 1, 2024, or accounts that already had a deposit on record do not qualify.
3Make your qualifying deposit. For Tier One, deposit between $300 and $9,999.99. For Tier Two, deposit $10,000 or more. The deposit must be made via an accepted payment method and confirmed in your account before trading begins.
4Begin trading forex on any of the OANDA platforms: OANDA Mobile, OANDA Web, MetaTrader 4, or TradingView. For Tier One, reach $100,000 in notional trade volume. For Tier Two, reach $5,000,000 in notional volume. All volume counts from the point of your first qualifying deposit.
5Once both the deposit and volume requirements are met, keep the full deposit amount in your account for a continuous 30-day period. After that 30-day hold is completed, OANDA credits the bonus to your account within 60 days. The bonus is fully withdrawable once it appears in your balance.

What to Know Before You Opt In

Opt-in before depositing is mandatory. Participation begins with the required opt-in process. Depositing first and then attempting to opt in afterwards removes you from eligibility completely. The sequence is: opt in, open account, deposit, trade to volume target, hold deposit for 30 days, receive bonus.

One bonus per household, not per account. OANDA limits this promotion to one reward per household address. Multiple accounts at the same residential address all are limited to one promotional reward. Traders in shared households should coordinate before opting in to avoid one person’s claim blocking another’s.

The deposit must stay in the account for 30 days after both conditions are met. This 30-day hold period starts only after both the deposit amount and the notional volume target have been satisfied, not from the initial deposit date. Withdrawing any part of the qualifying deposit before the 30-day hold completes may affect eligibility for the promotion under the official terms and conditions. Review the full terms at oanda.com for the exact withdrawal policy during this window.

Notional volume is not the same as your deposited capital at risk. A $100 forex trade on a 100:1 leverage account generates $10,000 in notional volume. The volume requirements measure the face value of your trades, not the margin used. This is standard forex volume measurement and means Notional volume requirements are calculated based on trade value rather than deposited capital.

The promotion window closed March 31, 2025. This specific offer is no longer accepting new sign-ups. The terms published here reflect the 2024 to 2025 promotion as verified by FXRecap. Check oanda.com for any current or upcoming offers available to new clients.

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Risk Disclaimer

Trading forex and digital assets carries significant risk and may not suit every investor. Bonus programs are offered for promotional purposes only and are subject to specific terms. Please review all conditions carefully and trade responsibly.