OANDA Review

โ„น Important Info

โœ… Regulated by : CFTC, DFSA, IIROC, MAS, NFA, FSA
๐Ÿข Headquarters : United States
๐Ÿ’ต Min. Deposit : 1 USD
๐Ÿ’น Max. Leverage : 1:50
OANDA is a safe broker, Regulated - CFTC, IIROC, NFA, FSA Company - OANDA Ltd. To find the more best forex brokers reviews.
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Broker Badges
  • OANDA has been part of the forex market for over 21 years
  • OANDA Accept US Traders.
  • OANDA Allows Credit Card Deposit/Widthdral.
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Description General Information Trading Preference Payment Options Trading Features Trading Instruments Promotion Support Contact Information User Feedback

Overview OANDA

OANDA Review: Everything That You Wanted to Know

OANDA is a premier forex broker that caters to hundreds and thousands of CFD and forex traders around the globe. Established by Dr. Richard Olsen and Dr. Michael Stummin 1996, OANDA operates through eight financial centers and serves clients in more than 196 countries including the UK, US, Australia, Canada, Singapore, Europe, and Japan. Read on to find about comprehensive OANDA review.

OANDA reviews

OANDA Trading Platforms

OANDA provides CFD and forex trading features to traders via the fxTrade platform, which is a fully automated trading platform that was first introduced in 2001. The platform is available on the web, desktop as well as mobile app format. The broker also provides the much sought-after MetaTrader 4 trading platform in addition to 3rd party tools and platforms via its application marketplace. The broker also has the mobile version for both the platforms for those who prefer to use their mobile devices for trading. In addition to this, technology-savvy traders can access OANDAโ€™s FxTrade API tools to set up their very own auto trading systems to access historical and current market data and place stop loss and take profits as well as entry orders.

Deposit & Withdrawals

With OANDA, there isnโ€™t any minimum balance or deposit required to create or even maintain an account. In fact, funds are only needed for opening positions. Traders can deposit funds into their accounts via bank wire transfers, check and even debit card supported by Mastercard or Visa. On the other hand, withdrawals can be executed by signing into the โ€˜My fundsโ€™ section on the brokerโ€™s website. The time required for processing of withdrawals depends on the mode use as well as the forex currency that is being withdrawn. Traders must note that debit/credit card withdrawals may take as many as 2-3 days.

Commission & Spreads

Similar to several other online fx brokers, OANDA does not charge commissions for offering their services. Traders pay a spread which is calculated on the basis of the market values in real-time. Typically, spreads at OANDA start low at 1.1 pips. Spreads for the indices are much lower at 0.5 pips.

Regulations and Safety

When it comes to the safety of customer accounts, OANDA really needs to step up and do more. Even though the broker has managed to build a solid reputation among traders, they need to take additional steps in the direction. The broker has been duly authorized by the ASIC, IIROC, JFSA, MAS, FCA and the CFTC.

Conclusion

To sum up the OANDA review, it is one of the best forex trading brokers in the globe. The broker allows traders to trade as many 71 forex pairs and a wide range of other assets. OANDA’s trading platform is easy to access and user-friendly. However, the broker does not offer cryptocurrency and single stock CFDs for trading. Also, there is no slippage protection for tradersโ€™ accounts, which is something that may discourage some traders to use the platform. Overall, the broker offers excellent customer support and the ability to open an account with zero minimum deposit.

 

General Information

๐Ÿ‘ค Broker Name : OANDA
๐Ÿฃ Company Name : OANDA
๐Ÿ“… Foundation Year : 2001
โœ… Regulated by : CFTC, DFSA, IIROC, MAS, NFA, FSA
๐Ÿข Headquarters : United States
๐Ÿ“‰ Broker Type : Market Maker
๐Ÿ’ฑ Base Currency : AUD, CAD, EUR, GBP, HKD, JPY, SGD, โ€ŽCHF, USD
๐Ÿ‡บ๐Ÿ‡ธ US Traders :

Trading Preference

๐Ÿ’ต OANDA Minimum Deposit :

1 USD
๐Ÿ’น Max. Leverage : 1:50
๐Ÿ’ฐ Minimum Spreads :
๐ŸŽฎ Demo Account :
๐Ÿ“’ Mini Account :
๐Ÿ“’ Standard Account :
โœจ VIP Account :
๐Ÿ“’ Premium Account :
๐Ÿ“’ Segregated Account :
โ˜ช๏ธ Islamic Account :
๐Ÿ“’ Managed Account :
๐Ÿ“’ Pamm Account :
๐Ÿ“’ Affiliate Account :

Payment Options

๐Ÿ’ณ Deposit Methods : Credit Card, PayPal, Wire Transfer
๐Ÿ’ณ Withdrawal Methods : Credit Card, Wire Transfer

Trading Features

๐Ÿ“Š Trading Platforms : MetaTrader 4, Oanda fxTrade
๐Ÿ’ฐ Fixed Spreads :
๐Ÿ“ˆ Commission on Trades :
๐Ÿ“ˆ Hedging :
๐Ÿ“ˆ Scalping :
๐Ÿ“ˆ Automatic Trading :
๐Ÿ“ฑ Mobile Trading :
๐Ÿ’ป Web Trading :
๐Ÿšฅ Signals :
๐Ÿ“ช VPS Services :
๐Ÿ“ง Email Alert :

Trading Instruments

๐Ÿ“Š Forex/Currencies :
๐Ÿ“Š Commodities :
๐Ÿ“Š CFDs :
๐Ÿ“Š Indices :
๐Ÿ“Š ETFs :
๐Ÿ“Š Stocks :
๐Ÿ“Š Crypto Currency :

Promotion

๐ŸŽ No Deposit Bonus :
๐ŸŽ Deposit Bonus :
๐Ÿ† Contest :
๐Ÿš€ Other's Promotion :

Get Latest OANDA Promotion

Support

๐Ÿ‘ฅ 24-Hours Support :
๐Ÿ‘ฅ Support During Weekends :
๐ŸŒ Web Form :
๐Ÿ’ฌ Live Chat :
๐Ÿค™ Call-Back :
โœ”๏ธ Support Language : English, Spanish, German, Russian, French, Chinese, Japanese, Korean

Contact Information

๐ŸŒ Website : www.oanda.com
๐Ÿ“ง E-mail : [email protected]
โ˜Ž๏ธ Telephone : No
๐Ÿ“  Fax : No
๐Ÿ“ฎ Address : Floor 9a, Tower 42, 25 Old Broad St, London EC2N 1HQ

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