Broker setup · OANDA
OANDA multi-account trading in TraderDesk
TraderDesk connects to OANDA through the v20 REST API using an API token and account ID. It can route currency and metals orders on practice and live accounts, and several OANDA accounts can be kept side by side. CFDs are not available to US retail clients, so the usable instrument set depends on your entity.
What routes
What can you route on OANDA?
Currency and FX accounts. Segments below are the ones the current build shows. Your account still needs the permissions and data subscriptions the broker requires.
- Currency pairs and metals through the OANDA v20 API.
- Practice and live accounts, kept as separate connections.
- Several OANDA accounts, each with its own account ID.
- Per-account results after a multi-account order.
Setup
How to connect OANDA to TraderDesk
Four steps. The exact labels differ in the broker's dashboard, but the sequence is the same.
- 01
Create an API token
In your OANDA account settings, generate a v20 API token with the permissions you need.
- 02
Note the account ID
Copy the account ID for the practice or live account. The token and account ID are paired in TraderDesk.
- 03
Connect the practice account first
Add the practice account, confirm the instrument list and send a small test order.
- 04
Add live when ready
Add the live account as a separate connection so practice and live orders are never mixed.
Before you go live
- CFDs are not available to US retail clients; the tradable instruments depend on your OANDA entity and account.
- Leverage and margin rules are set by OANDA and can change.
- OANDA pricing and execution are OANDA's, not TraderDesk's.
- Forex trading is highly leveraged and can lose more than your initial deposit.
Multi-account
Can you trade several OANDA accounts at once?
Add each account as its own connection, then tick the accounts you want on the order ticket. Each account reports its own result, so a rejection on one does not hide the outcome on another.
- Every account has its own label on the order ticket.
- The send button states how many accounts will receive the order.
- Results are shown per account after the order is sent.
- Risk limits are applied before routing, on your PC.
OANDA questions
Common OANDA questions
What credentials does OANDA need?
A v20 API token generated in your OANDA account settings and the account ID it belongs to. Practice and live accounts have different IDs.
Can I use an OANDA practice account?
Yes. Add the practice account as its own connection and test the order flow before adding live credentials.
Can US clients trade CFDs through OANDA in TraderDesk?
No. CFDs are not available to US retail clients. What you can trade depends on your OANDA entity and account type.
Why is my OANDA instrument list shorter than expected?
The instrument set depends on your account, entity and permissions. OANDA controls which instruments are tradable for your account.
Other connections
Compare the other broker setups
GET STARTED
Try the OANDA workflow with demo accounts.
Download the Windows build, practise on the demo accounts, then connect a paper or sandbox account before using live credentials.