July 13, 2020

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. 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

METATRADER 4

  • 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

Forex Order Book

A 24-hour summary of open orders and positions held by OANDA's clients

Forex Historical Position Ratio

See how long-short positions held by OANDA clients have evolved over time

Forex Open Positions Ratio

See a breakdown of OANDA clients’ recent open positions across major pairs.

Currency Strength Heatmap

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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