Ally Invest Forex vs OANDA: licences compared

Side-by-side view of each broker's licences, regulator tiers and key facts. Remember that protection depends on which entity holds your account.

AttributeAlly Invest ForexOANDA
Licence Score—Not rated82Very strong
Strongest licence ? None on record 1 Tier 1
Licences on record08
1 FCA United Kingdom —Licensed
1 ASIC Australia —Licensed
1 JFSA Japan —Licensed
1 CFTC / NFA United States —Licensed
1 MAS Singapore —Licensed
1 CIRO Canada —Licensed
2 MFSA Malta —Licensed
4 BVI FSC British Virgin Islands —Licensed
Founded20051996
HeadquartersUnited StatesUnited States
TypeForex & CFD brokerForex & CFD broker
Publicly listedNoNo
Platforms—Proprietary, MT4, MT5, TradingView
Minimum deposit—No minimum
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Frequently asked questions

Is Ally Invest Forex or OANDA better regulated?

OANDA has the higher Licence Score (82 vs 0), based on the number and tier of licences, operating history and public listing.

Which regulators license both Ally Invest Forex and OANDA?

They share no regulators in our database.

Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how they work and whether you can afford to take the high risk of losing your money. Read more.