Generic Trade 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.

AttributeGeneric TradeOANDA
Licence Score60Moderate82Very strong
Strongest licence 1 Tier 1 1 Tier 1
Licences on record18
1 FCA United Kingdom —Licensed
1 ASIC Australia —Licensed
1 JFSA Japan —Licensed
1 CFTC / NFA United States LicensedLicensed
1 MAS Singapore —Licensed
1 CIRO Canada —Licensed
2 MFSA Malta —Licensed
4 BVI FSC British Virgin Islands —Licensed
Founded20061996
HeadquartersUnited StatesUnited States
TypeFutures broker (FX futures)Forex & CFD broker
Publicly listedNoNo
PlatformsProprietaryProprietary, MT4, MT5, TradingView
Minimum deposit—No minimum
VisitVisit siteVisit site

Frequently asked questions

Is Generic Trade or OANDA better regulated?

OANDA has the higher Licence Score (82 vs 60), based on the number and tier of licences, operating history and public listing.

Which regulators license both Generic Trade and OANDA?

Both are matched to licences from CFTC / NFA.

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.