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Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

All Customer Reviews & Comments about OANDA Forex broker

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Kevin Richardson 06 June 2022

Advantages: Transparent conditions Minimum margin requirements on accounts for beginners Fair spreads A lot of training and analytical materials

Disadvantages: There is no license of a reliable regulator Long-term verification

Comment: I invested in funds, in etoro, in traders. It's not long ago, while the indicators for a couple of months only. Plus. I will leave part of the deposit to these funds, and I want to scatter some of it to other funds, also in etoro. I don't trade on this platform myself yet, I only invest.

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Jay Harding 05 April 2022

Advantages: The program interface is quite convenient Trading conditions are good

Disadvantages: -

Comment: I decided to try it on the foreign exchange market, I did not look for another broker, since there is Forex here, and the conditions and service suit. I have already realized that sometimes minor details in the conditions greatly affect the outcome of the transaction. In addition to profitable commissions, the broker also offers a welcome bonus of 50% of the deposited amount. I already had an account in the crypt, so the second time I did not receive an increase on the balance. I hope that it will be possible to raise the deposit without outside help, because there are prerequisites for this.

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Deandre Cantu 03 March 2022

Advantages: Reliability of the company Favorable conditions Services for profitable trading Training and analytics Affiliate Program PAMM service

Disadvantages: Inconvenient site There is no bonus program

Comment: Broker Oanda is quite respected, primarily because of the authoritative regulator. For me, this is the main criterion when choosing a broker. I read their user agreement "from cover to cover" and did not find any pitfalls. As for other conditions, in general, everything is relatively good. A wide range of instruments, decent spreads.

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Elizabeth Ruth 31 January 2022

Advantages: I was able to withdraw my funds

Disadvantages: Nil

Comment: Hello everyone it is possible to retrieve your stolen bitcoins. I never believed in bitcoin recovery because I was made to understand that it is not possible. But sometime in DECEMBER I fell for a binary options scam which promised a higher return and I lost close to $75,000. I read an article on (reddit) as regards to a recovery expert and genius so I reached out to SCAM RECOVERY SITE, and to my surprise I got all bitcoins recovered within 24hours frame. I don’t know if I’m allowed to share the links on here but you can contact them if you are finding it very difficult to withdraw your funds at, Scamrecoverysite at fastservice dot com All thanks to them.

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Leo Booth 06 January 2022

Advantages: The broker offers its clients various trading products, including forex spreads, futures and options. The company also offers its own automated trading software that allows traders to trade on their own behalf.

Disadvantages: None

Comment: I used to work as a forex trader. I would prefer to use brokers that offer attractive spreads to their clients. This broker had relatively low spreads, which made it easier for traders like me to work in the market without having a big impact on the broker's profit.

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Jason Ramsdale 06 January 2022

Advantages: ALL THANKS TO SUMMITRECOUP

Disadvantages: NIL

Comment: Contact Summitrecoup Dtcm to help recover all your scammed funds. They're the Best out there. Got all my funds recovered after weeks of getting in touch with them… over $256,850 recovered after my trust wallet account was being hacked and manipulated. Still can’t believe this. I was scammed twice before by fake recovery company who said they could help but didn’t. Summitrecoup did it within WEEKS! They’re Legit and so transparent. You can also get help too.

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David Burke 01 December 2021

Advantages: Brokerage commissions are cheaper Unlimited trading opportunities with real-time market data provided by OANDA markets, which gives traders an advantage over other brokers

Disadvantages: It is not available for all countries, which means that it is not available for people living in countries with limited access to Forex trading instruments. It offers only Forex trading with leverage on most of its platforms.

Comment: OANDA is a forex broker offering a wide range of trading instruments and stock indices. It has many advantages, but there are also disadvantages.

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Jesus D. Nichols 30 November 2021

Advantages: Spreads: OANDA spreads are the most competitive in the industry. Leverage: Oanda provides leverage up to 1:500, which is unparalleled among other brokers. Broker: The broker has more than 27 years of trading experience and has been working since 1992. Scalping: It is possible to make a profit by scalping due to the low margin using leverage, but it can be difficult because volatility plays an important role in this form of trading.

Disadvantages: You need to register with them before you can start trading with them, scalping does not work.

Comment: OANDA is a company offering Forex and CFD trading services quite successfully, despite not small disadvantages.

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Cornelis Smets 01 November 2021

Advantages: The minimum deposit is $1, an operational support service, a pleasant interface, a large selection of the most popular trading instruments, several reliable and reputable financial regulators.

Disadvantages: An inconvenient and poorly functional website, the broker's website is exclusively in English, there are no cent accounts, training materials, analytics, news and reviews are presented only in English, there is no opportunity to trade on cryptocurrency.

Comment: Oanda is the optimal broker for experienced traders and professionals. However, it should be noted that the broker focuses primarily on English-speaking clients.

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Dean Ng 09 October 2021

Advantages: Great Trading Platfrom

Disadvantages: Sudden spike up 100 pips for GbpNzd

Comment: I was trading Gbp/Nzd on 30th Sep, I checked the trade before hitting the bed, it was 70+ pips in profit, and i let it run to the planned TP. I woke up middle of night to go for leak, I checked the trade and was surprised that I was stopped out at 1.96490. There were no major news that triggered the spike up of Gbpnzd price. I checked other brokers and Marketwatch, the average daily high for Gbpnzd is between 1.96123 - 1.9616. I checked my trade history, the Gbpnzd trade is closed at 1.96689, which even ridiculous. I contacted Oanda customer service, to log an enquiry. The client experience team got back to the next day and explained that, "I have investigated your concerns and my findings on this matter are explained below. We have reviewed this, and can confirm that the price was valid and in line with market at 2 pm EST (7 pm UTC+1) Please find below a chart from Bloomberg, an independent third party ---unable to view the chart---- Here is the comparison of our Liquidity Provider's who were quoting the price at the time." The sudden spike of price for Gbpnzd also happened on 21st June 2021. Is it right for Oanda to do this?

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Andrew J. Morris 01 September 2021

Advantages: There were several reasons for opening an account. There are no restrictions on the minimum deposit. The broker allowed opening deals on weekends using their own trading terminal in java. At the time, it seemed to me a great advantage, given the possible appearance of strong news on non-working days.

Disadvantages: The verification was quite complicated and took several weeks.

Comment: Oanda, in general, is designed for large customers, and is also one of the largest companies in the world. I would highly recommend it.

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Helen Connor 28 June 2020

Advantages: Got my money back

Disadvantages: nil

Comment: Simply put if you don’t have the time or the experience to file a claim and pursue the entire case against your fake forex or binary broker yourself, try outsourcing it to a specialist company who will use their knowledge, expertise and its processes to recover your money. A company with a good level of success in recovering funds from binary brokers is OXOMARSECURITY,ORG They have specialists who deal exclusively with fraudulent transactions made by binary brokers. Based on experience they know how to proceed with a claim and what is most effective approach. I have hired them as well and they did not disappoint me. Hats off

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Vlad 18 June 2020

Advantages: none

Disadvantages: stop loss hunter

Comment: Everything looked right in the beginning with Oanda, but when I started making profits, strange things happened. I’ve read some reviews about Oanda’s stop loss hunting, but I shrugged it off. But I experienced it myself. I was lucky that I made only a small deposit. I closed my account last month and switched to eToro.

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Bullish Trader 28 May 2020

Advantages: quick withdrawal, fast execution

Disadvantages: server crashes

Comment: I had been a client of Oanda for 3 years, and the first 2 years were my better days as a Forex trader, mainly because I had such an incredible experience with this company - fast execution of trades, innovative trading tools, quick process of withdrawals, and professional customer support. But my last year with them was just terrible. I got disconnected to their servers a lot of times, even during non-volatile hours. Oanda wouldn’t even care to send notice when they’re going under maintenance. This had resulted in software issues and server crashes. Oanda would’ve been the best broker I had ever come trade with, they had gone complacent.

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Jaruz Trader 13 April 2020

Advantages: Good overall

Disadvantages: slow support

Comment: My experience with Oanda was just short, 4 months. I didn’t leave because i had a lot of awful experience with this broker, it’s just that I wanted to focus trading with my primary broker. Anyway, Oanda to me is a fair, good broker. I never had issues funding my account, well this isn’t really a problem with any broker lol. Withdrawals were also not a problem, although there were a few times where I had to flood their support team with too many emails cos of withdrawal delays. But in the end, I got my money. Oh let me also mention that their support could be a bit slow in responding to queries, like when I wanted to double check a slippage issue. Their support was only able to settle it after 6 days. So overall, Oanda is good, but this broker should improve their support.

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John Walker 15 July 2018

Advantages: No minimum deposit or minimum trade amount

Disadvantages: long time cashout

Comment: Oanda is my top rated-forex broker. It has the best platform, both in terms of its ease of use and in the breadth of the tools it provides. It also offers the most currency pairs, which gives you an opportunity to trade in exotic pairs that have the potential for high returns. It is also a good platform for trading other investment types and may be a good choice if you want to make non-forex investments.

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denise thomas 23 March 2019

I am a victim of OANDA and also a living witness to funds recovery. I am open to share my experience and to also enlighten everyone on how i was able to recover my money from a scam binary options broker. You can reach me on 
dt600247 atGmail DotCom

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Mc abert 29 January 2020

Try and reach out to Mr Barry on Barrysilbert540 @ gmail. com if you need help or guidance on how to withdraw your money from any broker and he can guide you how profitable trades is been done and also if you want to recover your lost funds, with his strategy he has being helping me for the past one month and I'm earning $8,550 weekly. You can also reach him out on whatsapp + 44 750 8298 691.

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James lee 31 October 2017

Advantages: stable payments, teaching tools

Disadvantages: wide spreads

Comment: I have been trading for over a year, so far so good. I do not risk much to send. maximum of 1k. But spreads too wide

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Christy Noga 05 February 2020

Hello everyone feel free to reach out to Mr barry on Barrysilbert540@gmail.com  if you need help or guidance on how to recover your lost fund using good strategy and how  profitable trades is been done. And also if you want to recover your lost funds using his masterclass strategy he can help you. I'm earning $10,250 weekly using his masterclass.. you can also reach him out on whatsapp  +447508298691.

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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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Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.