Top Forex Brokers

Oanda Review: Oanda FX broker real spread MetaTrader 4

Reviewed broker: OANDA

Operates under: Oanda Asia Pacific Pte. Ltd., Oanda Corporation ULC, Oanda Europe Limited, Opanda Japan Inc., Oanda Australia Pty Ltd.

Established in 1996

Located: Toronto, San Francisco, London, Tokyo, Sydney, Singapore, New York and Dubai

Regulation: NFA

USA traders: Oanda is an American FX broker, hence US traders are accepted.

Account Types and Trading Conditions

Trading platform: Metatrader 4, FXtrade (web-based), Protrader

Account types: standard

Demo account: yes, unlimited

Special feature: One of the notable features of OANDA is the ability to make your own ‘box options’ in real time. This way the broker allows you to mark your indicators on the charts so you can track the currency pairs to find the next move.

Spreads start from 1.4 pips

Spread types: variable

Maximum leverage is up to 50:1

Payment methods: check, Credit cards, PayPal, Wire transfer

Minimum deposit requirement: $1

Advanced charting features: yes

AlgoStudio: professional algorithmic strategy development tool

Expert advisors: allowed

Automated trading: yes

API trading: available

Customer support: online chat, email, phone, fax

 Have you traded with Oanda broker? Please submit your review in the comments below: