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. Contracts for Difference (CFDs) or Precious Metals are NOT available to residents of the United States.
INNOVATIVE TOOLS FOR TRADERS
Trade FOREX and CFDs on our award-winning platform and benefit from our innovative analytical tools
Account Types and Trading Conditions
Trade over 100 instruments, including currency pairs, indices, commodities, bonds and metals
Trade all forex majors plus over 55 other FX pairs on our award-winning proprietary desktop platform, mobile apps or MT4 and access competitive spreads with no commissions.
Trading platform: Metatrader 4, FXtrade (web-based), Protrader
DESKTOP TRADING PLATFORM
Powerful, advanced charting
Easy to use, customizable platform
MOBILE TRADING PLATFORM
Rich charting and technical analysis
Up to date news and push notifications
Automated trading and full EA support
Customizable indicators and chart trading
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
DISCOVER INNOVATIVE TOOLS FOR TRADERS
A 24-hour summary of open orders and positions held by OANDA's clients
See how long-short positions held by OANDA clients have evolved over time
See a breakdown of OANDA clients’ recent open positions across major pairs.
See where your currency ranks against other currencies traded against it
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
How was the rating of Oanda performed compared to other brokers?
This 2020 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Oanda FX broker performance and features.
Overall our online Oanda review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Oanda or you find inaccurate details Oanda broker review please get in touch with us and the changes will be applied.
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