Oanda
Oanda
Details
| Broker | Oanda |
|---|---|
| Website URL | https://www.oanda.com/ |
| Founded | 1996 |
| Headquarters | United States |
| Support Number | 1 877 626 3239 |
| Support Types | email , phone |
| Languages | 9 languages supported |
| Trading Platform | Web platform | Oanda Desktop platform | Metatrader 4 | Mobile platforms |
| Minimum 1st Deposit | 1$ |
| Minimum Trade Amount | 0.01 |
| Bonus | No bonus |
| Leverage | 1:50 |
| Spread | floating |
| Free Demo Account | Open Demo |
| Regulated |
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| Regulation | Regulated By: CFTC, DFSA, IIROC, MAS, NFA and FSA |
| Fees |
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| Account Types | Standard , Premium |
| Deposit Methods | Wire Transfer , Credit/Debit Card |
| Withdrawal Methods | Wire Transfer , Credit/Debit Card |
| Number of Assets | 200+ |
| Types of Assets | Currencies , Commodities , Indices , Bonds |
| US Traders Allowed |
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| Mobile Trading |
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| Tablet Trading |
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| Overall Score |
Oanda is one of the first brokers from the online brokerage industry, being established back in 1996. It is financial services and CFD broker + a market maker. It is also estimated that Oanda servers are processing around 20% of all the spot daily forex trades that are being done globally.
Back in 2001, Oanda launched the FxTrade platform, one of the first web trading platforms in history. Oanda also has the most accurate database of currency rates, due to its long track record and existence. The company had gone through ups and downs but managed to adapt and it continues to exist even today. To ensure that their clients’ funds are in a safe place, Oanda works with tier 1 banks like Deutsche Bank, J.P. Morgan Chase and Royal Bank of Scotland.
Trading Platforms
The Web trading platform offers advanced charting that helps to analyze market trends using over 100 leading-edge chart types, indicators, drawing tools and overlays. It can also help you keep track of fresh forex news from leasing news providers like Dow Jones International, 4CAST and Oanda Marketpulse.
Oanda had developed its own desktop trading platform, as well, giving access to competitive spreads and impressive execution speeds. With an intuitive interface, all your trades are being executed with no last look, rejections or requotes. Advanced charting features, customizable trading preferences, and forex market sentiment are just a few of the features available. If you want to try something other than the traditional mt4, this is the right choice for you.
Clients trading with Oanda can benefit from the Metatrader 4 platform as well. They can have access to all features and sophisticated tools. For those of you who that want to get rid of the negative consequences of a slow internet connection, the MetaTrader 4 is a better choice than the web trading platform. By using the mt4 you can also trade from your mobile phone or tablet since Oanda had developed apps for both Android and iOS users.
Available both for Android and iOS, mobile platforms do not miss from Oanda’s offer. The Oanda trading app enables you to enter market orders using simple taps and to benefit from dynamic pricing overlays. Oanda alerts and price signals notifications, rich technical indicators, customizable interface, and charting features for iPad, are all available in the app.
Account Types
In terms of account types, Oanda does not have a very diversified offer. As a client, you are able to choose from a standard or premium account. Both come with similar features, with a few exceptions. There’s no minimum account balance for a standard account, while for a premium one it’s $20,000. For a standard account, there isn’t a dedicated relationship manager, unlimited free wire transfers, and priority service queues. However, both account types offer access to a wide range of Forex pairs, commodity CFDs, Bonds CFDs, Index CFDs, and precious metals.
Customer Service
Customer support is available 5 days a week and for the benefit of their clients, Oanda has offices in Singapore, USA, Japan, UK, and Canada being able to keep a close relationship with local customers.
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