OANDA General Information
| ๐ค Broker Name : | OANDA |
|---|---|
| ๐ฃ Company Name : | OANDA Corporation |
| ๐ Foundation Year : | 2011 |
| โ Regulated by : | National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC) |
| ๐ข Headquarters : | United States |
| ๐ Broker Type : | Market Maker |
๐ต OANDA Minimum Deposit : | 1 USD |
| ๐น Maximum Leverage : | 1:50 |
| ๐ฑ Base Currency : | USD, EUR, HKD, SGD,CAD, AUD, JPY, CHF, GBP |
| ๐บ๐ธ US Traders : |
Our OANDA Review
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 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 OANDAโs 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 isnโt 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 โMy fundsโ section on the brokerโs 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 The time required for processing of withdrawals depends on the mode use as well as the forex currency that is being withdrawn.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.
Trading Preference
| ๐ฐ Minimum Spreads : | |
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| ๐ฎ Demo Account : | |
| ๐ Mini Account : | |
| ๐ Standard Account : | |
| โจ VIP Account : | |
| ๐ Premium Account : | |
| ๐ Segregated Account : | |
| โช๏ธ Islamic Account : | |
| ๐ Managed Account : | |
| ๐ Pamm Account : | |
| ๐ Affiliate Account : |
Payment Options
| ๐ณ Deposit Methods : | Visa debit cards, Mastercard debit cards, ACH deposits, Bank transfer |
|---|---|
| ๐ณ Withdrawal Methods : | Visa debit cards, Mastercard debit cards, ACH deposits, Bank transfer |
Trading Features
| ๐ Trading Platforms : | MetaTrader 4,FxTrade App (Iphone and Andriod), FX Trade Desktop, Web Platform, Mobile MT4 |
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| ๐ฐ Fixed Spreads : | |
| ๐ Commission on Trades : | |
| ๐ Hedging : | |
| ๐ Scalping : | |
| ๐ Automatic Trading : | |
| ๐ฑ Mobile Trading : | |
| ๐ป Web Trading : | |
| ๐ฅ Signals : | |
| ๐ช VPS Services : | |
| ๐ง Email Alert : | |
| ๐ฐ Trading News : |
Trading Instruments
| ๐ Forex/Currencies : | |
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| ๐ Commodities : | |
| ๐ CFDs : | |
| ๐ Indices : | |
| ๐ ETFs : | |
| ๐ Stocks : | |
| ๐ Crypto Currency : |
Promotion
| ๐ No Deposit Bonus : | |
|---|---|
| ๐ Deposit Bonus : | |
| ๐ Contest : | |
| ๐ Other's Promotion : |
Get Latest OANDA Promotion
Bonus
Info
Action
OANDA ยป Welcome Deposit Bonus 5000 USD
Support
| ๐ฅ 24-Hours Support : | |
|---|---|
| ๐ฅ Support During Weekends : | |
| ๐ Web Form : | |
| ๐ฌ Live Chat : | |
| ๐ค Call-Back : | |
| โ๏ธ Support Language : | English, Spanish, German, Russian, French, Chinese, Japanese, Korean |
Contact Information
| ๐ Website : | |
|---|---|
| ๐ง E-mail : | [email protected] |
| โ๏ธ Telephone : | No |
| ๐ Fax : | No |
| ๐ฎ Address : | Office at Kingston Chambers, PO Box 173, Road Town, Tortola, British Virgin Islands. |
