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
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