Oanda Review

Post author:Forex Crypto Hub
Post category:Forex Brokers

Oanda Reviews and Ratings

Score: 8.2/10

Website	https://www.oanda.com/
Live Chat	YES
Telephone	tel:+1-877-626-3239
Broker Type	Market Maker
Regulations	IIROC, CIPF, NFA, FCA, CFTC, ASIC, MAS
Min Deposit	$1.00
Account Base Currency	AUD CAD EUR GBP HKD JYP SGD CHF USD
Max Leverage	50:1
Trading Platforms	Web trading, Metatrader 4, Oanda desktop trading platform
Markets	Forex, CFD’s
Bonus Offered	None
Funding Options	Debit/credit card, Bank wire, checks, ACH, Paypal (not USA), BACS, SEPA transfer
US Clients?	YES

Oanda Review

Overview

Oanda is a pioneering online Forex broker with offices around the world in San Francisco, Toronto, London, New York, Singapore, Tokyo and Sydney. It is a member of the National Futures Association. The relevant regulatory authorities in Australia, UK, Canada, Japan, Singapore and the US oversee the brokers to make sure traders are protected. Variable spreads, low minimum deposits, no minimum trade size, no commission or account maintenance fees makes Oanda a popular trading platform for institutional and individual customers.

Accounts

Oanda offers only one type of trading account. This means that clients have limited choice, but it also means that all members have an equal footing. No minimum deposit is required, but trades are only possible with at least $1 in the account. Oanda is highly suitable for inexperienced traders who don’t want to invest a large sum. The demo account lets traders play around with all award-winning platforms that are available for live trading, with live prices and spreads for unlimited duration.

Minimum Deposit

$1.00

Maximum Leverage

1:50

Features

Oanda offers variable spreads, the EUR/USD averaging to 1.4 pips. Trading platforms that are available include the custom fxTrade, MetaTrader 4 and Protrader Multi-Connect (PTMC). The fxTrade platform has powerful tools and charts for analysis, and lets traders use multiple sub-accounts to test strategies, market analysis and financial news. The ProTrader platform offers more advanced charts, analysis, and other options for more advanced traders. The popular MetaTrader 4 will also be familiar to many Forex traders who like to automate their trades. Traders also enjoy the services of EAs (Expert Advisors).