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Oanda Reviews and User Ratings

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  • Overview
  • Information
  • Video
  • Specification
  • Review score

 Oanda General Information


Broker Name
Oanda
Established
2001
Country
United States
Min Deposit
$1
Max Leverage
1:50
Regulation
NFA, CFTC, ASIC, FCA, JFSA, IIROC, RFED, CMS
Email
frontdesk@oanda.com
Telephone
+65 6579 8289
Fax
+65 6636 5136
Website Language
English, Chinese, French, Russian, Spanish, German, Italian, Japanese, Korean, Portuguese
Support Methods
Email
Telephone
Live Chat
Skype
24/7 Support
Deposit Options
Credit Cards, Debit Cards, Wire Transfer, Paper Check, Paypal
Withdraw Options
Credit Cards, Debit Cards, Wire Transfer, Paper Check, Paypal

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Description


Oanda Background

OANDA is a multi-faced financial services Forex broker based in New York. Available for traders in North America, Europe, and Asia, the company has received several international awards including Best Forex Provider 2012 and Highest Client Satisfaction 2012.OANDA’s primary trading platform is called fxTrade. The broker offers a demo version for as long as a trader wishes to use it. OANDA’s shies away from using the standard MetaTrader 4 platform, but provides full access to MetaTrader4 tools like graphs, algorithms, and customization features.

Features of Oanda

OANDA serves a wide range of traders by delivering impressive trading tools across several easy-to-use and robust platforms. A user-friendly currency converter, available in over 10 languages, appears right on the front page and their Exchange Rate Data Feed can feed directly into your internal systems. The Trade Leader’s Program lets users follow trades of a select group of experienced traders and automatically replicate their trades. API libraries are available so users can build automated Forex trading into their software systems. OANDA prides itself on offering the lowest spreads in the industry. As far as educational tools, OANDA offers the usual videos and webinars, but also suggests books users can purchase to enhance their Forex knowledge.

Conclusion

OANDA offers an impressive set of trading tools and access to one of the largest economical and financial databases in the world. They have a competitive product, especially with their low spreads. OANDA would be a good choice for traders with small to medium size accounts who like to trade in longer timeframes.

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Video


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Features and Trading Instruments


Features
Hedging
Scalping
Margin Interest Rate
Trailing Stop
Web Based Trading
Pending Orders
One Click Execution
Mobile Trading
US Traders
Automated Trading
Islamic Account
Swaps
Segregated account
Affiliate Program
Trading Contest
PAMM
Trading Instruments
Oil
Gold
Metal
Indices
ETFs
CFDs
Stocks
Commodities
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Pros


PROS:
  • Customer service is available 24 hours a day, 5 days a week via chat, email and phone.
  • OANDA doesn’t require a minimum account deposit or enforce a minimum trade lot size and clients have suggested this broker has the highest profitability percentage.
  • It is highly regulated by agencies in the U.S, Singapore, Canada, the U.K. and Japan.
  • It is a market maker broker, so it is necessary for traders to pull data from another service to compare numbers.
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Account Type


  • Minimum Account Size: $1
  • Spread: Low/ Fixed
  • Trading Instruments: Forex, Gold, Metals, Commodities, CFDs
  • Trading Platforms: MT4, Mobile Trading(fxTrade), Web Trading(fxTrade)
  • Margin Call Level: 2%

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Oanda Review Score


Oanda Reviews and User Ratings
9.4 Total Score
5 reviews
Add your review
Web Design
9.4
Reliability
9.6
Platform
9.6
Customer Support
9.4
Withdrawal
9.4
Broker Name
Oanda
Established
2001
Country
United States
Min Deposit
$1
Max Leverage
1:50
Regulation
NFA, CFTC, ASIC, FCA, JFSA, IIROC, RFED, CMS
Email
frontdesk@oanda.com
Telephone
+65 6579 8289
Fax
+65 6636 5136
Website Language
English, Chinese, French, Russian, Spanish, German, Italian, Japanese, Korean, Portuguese
Support Methods
Email
Telephone
Live Chat
Skype
24/7 Support
Deposit Options
Credit Cards, Debit Cards, Wire Transfer, Paper Check, Paypal
Withdraw Options
Credit Cards, Debit Cards, Wire Transfer, Paper Check, Paypal
Features
Hedging
Scalping
Margin Interest Rate
Trailing Stop
Web Based Trading
Pending Orders
One Click Execution
Mobile Trading
US Traders
Automated Trading
Islamic Account
Swaps
Segregated account
Affiliate Program
Trading Contest
PAMM
Trading Instruments
Oil
Gold
Metal
Indices
ETFs
CFDs
Stocks
Commodities
Oanda Reviews and User Ratings
9.4 Total Score
5 reviews
Add your review
Web Design
9.4
Reliability
9.6
Platform
9.6
Customer Support
9.4
Withdrawal
9.4

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5 Comments
Show all Most Helpful Highest Rating Lowest Rating Add your review
  1. Reply
    Ignis07
    June 18, 2016 at 9:35 am
    5
    Web Design
    100
    Reliability
    100
    Platform
    100
    Customer Support
    100
    Withdrawal
    100

    Finding the right broker to start with is really hard, especially when you’ve already been to one that turned out to be scam or just plain went down due to market movement. I had to search for a while until I got the perfect balance of market share and reliability and that’s why I chose Oanda. Not only is it a powerful and very easy to use platform, it is also regulated by multiple agencies from different countries such as UK, US, Japan, Singapore, and Canada.

    Helpful(0) Unhelpful(0)You have already voted this
  2. Reply
    Kiyosaki777
    September 15, 2015 at 7:34 am
    5
    Web Design
    100
    Reliability
    100
    Platform
    100
    Customer Support
    100
    Withdrawal
    100

    Aside from the great innovations and the stable trading platform that Oanda has developed, one thing that you can really commend in the broker is that they have no minimum account deposit and no minimum trade lot size. This presents the perfect opportunity for anyone who wants to test the market out and see if trading is up one’s alley

    Helpful(0) Unhelpful(0)You have already voted this
  3. Reply
    PrimeroHacendero
    January 8, 2015 at 3:34 pm
    5
    Web Design
    100
    Reliability
    100
    Platform
    100
    Customer Support
    100
    Withdrawal
    100

    The thing I appreciate the most in Oanda is that they don’t discriminate in terms of their traders. To Oanda there are no whales and there are no cheapskates, there are only clients. The fact that they give equal priority to all their clients is something quite respectable in this day and age. If you’re looking to start trading small-time Oanda is the place to be.

    Helpful(0) Unhelpful(0)You have already voted this
  4. Reply
    TraderGirl2009
    June 15, 2014 at 8:34 am
    4.9
    Web Design
    100
    Reliability
    100
    Platform
    100
    Customer Support
    90
    Withdrawal
    100

    One of the things I hate about the most is slow and deceitful customer support particularly when money is involved. That’s one of the many reasons I fell in love with Oanda. They really place client satisfaction first and ensure that you can help you with all your needs and inquiries for all of your transactions 24/7.

    Helpful(0) Unhelpful(0)You have already voted this
  5. Reply
    TheFallen22
    April 25, 2014 at 6:57 am
    3.8
    Web Design
    70
    Reliability
    80
    Platform
    80
    Customer Support
    80
    Withdrawal
    70

    Being a market maker broker, Oanda just has a really ineffective chart package and the spreads tend to stretch during news release. If you happen to already be a trader in Oanda I suggest you find your external source of research and make sure to compare the numbers first. Same goes if you’re new, educate yourself or you will simply lose it if you rely on their charts.

    Helpful(0) Unhelpful(0)You have already voted this

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