Forex broker OANDA

4
2 reviews
PAYMENT SYSTEMS
  • Deposit
  • Withdrawal

GENERAL INFORMATION OANDA

Founded in: 1996 year
Headquarters: USA
Offices in the country:
Australia, United Kingdom, Canada, Singapore, USA, Japan
Minimum Deposit: 0 $
Website: www.oanda.com
Website languages:
English, Spanish, Italian, Chinese, German, Portuguese, French, Japanese
Deposit currency :
USD, EUR, JPY, GBP, AUD, CHF, CAD, HKD, SGD
Support languages:
English, Spanish, Italian, Chinese, German, Portuguese, French, Japanese
Regulated by:
ASIC (Australia) license №AFSL 412981
FCA (United Kingdom) license № 542574
IIROC (Canada)
CNMV (Spain)
NFA (USA) license № 0325821
FSA (Japan) license № 1571.
Mobile trading: iOS, Android
Types of offered accounts:
Unlimited Demo accounts, Standard accounts
Affiliate program: No

About the company OANDA

Having started its activity in 1996, the glory days of the OANDA Forex broker seems to be endless. The headquarters of the company is located in New York; meanwhile its affiliated branches evaded all megapolises of the world, covering five continents of seven existing (excluding South Africa and Antarctica). The OANDA company is regulated by a whole bunch of financial bodies, such as the National Futures Association (No: 0325821), Financial Conduct Authority (No: 542574), and many others. The customers’ deposits are additionally protected by the Canadian Investor Protection Fund (CIPF).

Instead of just using a regular set of platforms, as Meta Trader 4, MT4 Hedging, the brokerage house’s top brass arrived to a decision to take another path and has developed their own solutions for online trading named fxTrade and fxTrade Mobile. Created to reduce trading costs and speed up order executions, each of in-house OANDA platforms sports deal executions five times quicker than your eye blink.

Why should brokers choose OANDA Forex broker:

  • - a rich lineup of world-famous trading tools, as time converter, the Forex blog, online converter to treat currency pairs coupled with XE currency converter, which will easily help traders to convert rubles to dollars, or make other converting;
  • - competitive tight spreads;
  • - exceptional or superior order execution;
  • - award-winning trading platforms, developed by domestic engineers;
  • - high-quality and polite client support service operating in 24/5 mode;
  • - the trading instrument set consisting of CFDs, precious metals, currency pairs, indices and bonds.

Unfortunately, the OANDA FX broker promotions are just a myth. The company neglects applying means of trades encouraging due to the biggest army of its customers, who will stay with the broker no matter how many bonuses they have. So, the newcomers into the FX world are better forget counting on some discounts and special offers.

The Forex broker OANDA payment options for depositing and withdrawing funds include numerous methods, as debit and credit cards, bank wire transfers, CHAPS wire transfer, SWIFT wire transfers, checks, online payment systems (Paypal, Faster Payments, China Post), internet banking (BACS) and so on.

The OANDA broker webinars are held in the form of free online trading lectures and cover various subjects, as modern approach to carrying out technical analysis, price action forming, precision FX trading strategies, and many others. Besides, the newbies would be surprised with a broadest array of educational materials on the broker’s website.

The brokerage company OANDA analysis section is enriched by profit calculator, currency heap map, candlestick patterns, except for the latest market review from the leading trading guru. The corporate FX Lab offers the corporation’s customers trading signals and beta tools for managing business on the FX market. Moreover, traders may use currency volatility and horizon graph, market tracker, orderbook, Autochartist signal visualizer, market hours, the relevant economic news overlay, and even market tweets within the FX Lab project.

The OANDA review, presented on the suggested page of the TopBrokers.com FX portal, will make the picture clear for traders about the broker’s service quality and trading terms. These reviews are written by independent market participant only and contain the most objective information about the cooperation with the OANDA Trading Company. Moreover, be wary of keeping up with the OANDA news and latest events, published on the TopBrokers.com pages on a regular basis.

Accounts of OANDA

  • Exceptional Execution
Trading platforms: MetaTrader 4, Oanda FxTrade, Meta Trader 4 Mobile
Minimum Deposit : 0 $
Deposit currency :
USD - US Dollar
EUR - Euro
JPY - Japanese Yen
GBP - British Pound
AUD - Australian Dollar
CHF - Swiss Franc
CAD - Canadian Dollar
HKD - Hong Kong Dollar
SGD - Singapore Dollar
Trading instruments:
Forex 1:100
Number of currency pairs: 72
  • AUD/CAD
  • AUD/CHF
  • AUD/HKD
  • AUD/JPY
  • AUD/NZD
  • AUD/SGD
  • AUD/USD
  • CAD/CHF
  • CAD/HKD
  • CAD/JPY
  • CAD/SGD
  • CAD/USD
  • CHF/HKD
  • CHF/JPY
  • CHF/ZAR
  • EUR/AUD
  • EUR/CAD
  • EUR/CHF
  • EUR/CZK
  • EUR/DKK
  • EUR/GBP
  • EUR/HKD
  • EUR/HUF
  • EUR/JPY
  • EUR/NOK
  • EUR/NZD
  • EUR/PLN
  • EUR/SEK
  • EUR/SGD
  • EUR/TRY
  • EUR/USD
  • EUR/ZAR
  • GBP/AUD
  • GBP/CAD
  • GBP/CHF
  • GBP/HKD
  • GBP/JPY
  • GBP/NZD
  • GBP/PLN
  • GBP/SGD
  • GBP/USD
  • GBP/ZAR
  • HKD/JPY
  • NZD/CAD
  • NZD/CHF
  • NZD/HKD
  • NZD/JPY
  • NZD/SGD
  • NZD/USD
  • SGD/CHF
  • SGD/HKD
  • SGD/JPY
  • TRY/JPY
  • USD/CAD
  • USD/CHF
  • USD/CNH
  • USD/CZK
  • USD/DKK
  • USD/HKD
  • USD/HUF
  • USD/INR
  • USD/JPY
  • USD/MXN
  • USD/NOK
  • USD/PLN
  • USD/SAR
  • USD/SEK
  • USD/SGD
  • USD/THB
  • USD/TRY
  • USD/ZAR
  • ZAR/JPY
CFD's 1:100
Metals 1:100
  • Gold
  • Silver
Energy sources 1:100
  • Oil
  • Gas
Execution type:
Market Execution
Swap Free:
No
VIP Account:
No
Spread type:
Floating
Decimal places:
4 decimal places
Phone trading:
No

Contacts OANDA

Headquarters
Соединённые Штаты Америки , New York West 36th Street, 315 show on the map
+1-704-255-6226 Headquarters telephone
Representative office
Canada , Toronto King Street West, 370 show on the map
+1-416-593-9436 Local number
Representative office
United Kingdom , London Old Broad St, 25 show on the map
+44-20-3151-2050 Local number
Representative office
Japan , Токио Kojimachi Chiyoda-ku, 3-6 4F show on the map
0120-923-213 Local number
Representative office
Singapore , Singapore Collyer Quay, 50 show on the map
+65-6579-8289 Local number
Representative office
Australia , Сидней George Street, 225 show on the map
+61 2 8046 6258 Local number

RECENT REVIEWS OANDA

Connie Derrico 25 June 2017

Advantages: Been around over a decade, teaching tools, social updates

Disadvantages: Low leverage

Comment: Oanda is a good broker and it has been active since 1999. I chose them because no fraudulent broker can survive that long in business, and so far I was right. Everything about Oanda trading is effective and efficient, making them the best broker. I hate that I can't get leverage above 50:1, but in a way that also makes sure I don't lose too much money, kinda like an imposed safety net. Even with low leverage I don't want to change because I only see bigger complains about the other brokers, happy to stay where I am

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Elden Griffis 02 June 2017

Advantages: Good trading platform, wide range of products

Disadvantages: Wide spreads

Comment: As a US citizen, I really didn't have too many options, but still I find Oanda to have outdone themselves. They are a trusted brand with plenty of satisfied customers, me being one of them. On the side of trading, I have no problems at all because execution is very fast with minimal slippage even when there is a news announcement. A lot of instruments are also available to trade, I was surprised they even have bonds, but that is not for me, maybe someone with more patience can try that. Apart from the trading, finance is also commendable because I have made deposits and withdrawals a couple of times with no problems at all. My negative issues with the broker is spreads and costs. Spreads are wider than those you find on offshore brokers. I checked XM.com and Oanda does have much wider spreads, and these get worse when volatility is high. Then you need to trade bigger lots on CFDs like shares and metals, which is also higher compared to XM. BTW I make my comparisons a lot with XM because it's listed here as the top broker. However, these higher costs, I believe, are worth the safety of my money, so I would still recommend Oanda

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