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8.90 /10
Trust Score ℹ

OANDA

United States FlagUnited States • 10+ years
Type: ECN / STP
NFACFTC
go.oanda.com Official Website ↗

Trading Env.

♡ ↗ ⚙
Trading Env. A
Max Leverage 1:50 Good
Platform MT4, Desktop +2
Min Deposit 1 USD

OANDA Overview

OANDA is a global financial broker that offersbroker offers Forex, Bonds, Precious metals, Indices, Crypto currency, and Commodities trading services. It is one offor the few regulated brokers thatbrokers exists that is safe and secure in terms of security as they hold four tier-1 licenses. The company features its own trading terminal with high-quality and easy-to-use trading platforms that includes an excellent desktop trading experience. OANDA is a reputed Broker to experienced traders in the Forex market with a wide range of financial services across the globe. It is regulated in the United States and provides trading services in most countries of the world with a good reputation.

Disclaimer: OANDA Corporation is regulated by the CFTC/NFA. OANDA is a member Firm of the NFA (Member ID: 0325821). CFDs are not available to residents in the United States.

Crypto Disclaimer: OANDA corporation is a member of NFA and is subject to NFA’s regulatory oversight and examinations. however, you should be aware that NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets

Company Information

Regulators

What Is Regulation?

Forex regulation is therefore all about consumer protection. Regulated Forex brokers are less likely to cheat their clients and where such infractions happen, regulators are empowered by the laws of their respective jurisdictions to apply appropriate sanctions.

 NFA, CFTC
Country United States
Base Currencies

What is Base Currency?

In the forex market, currency unit prices are quoted as currency pairs. The base currency – also called the transaction currency - is the first currency appearing in a currency pair quotation, followed by the second part of the quotation, called the quote currency or the counter currency. For accounting purposes, a firm may use the base currency as the domestic currency or accounting currency to represent all profits and losses.

 EUR, USD, HKD, SGD, CAD, AUD, JPY, CHF, GBP
Type Of Brokers

Broker Types

There are two types of brokers: regular brokers who deal directly with their clients and broker-resellers who act as intermediaries between the client and a larger broker. Regular brokers generally are held in higher regard than broker-resellers.

 ECN, STP
Trading Platform

What is Trading Platform?

A currency trading platform is a software interface provided by currency brokers to their customers to give them access as traders in the Forex markets. This may be an online, web-based portal, mobile app, a standalone downloadable program, or any combination of the three.

Desktop, Mobile, WebTrader, MT4
Established Year 2011
Website Language English, Chinese, Spanish, Bahasa Malaysia, Bahasa Indonesia, Español, French
US Clients ✓

Trading Services

Hedging

What Is Hedging?

Hedging with forex is a strategy used to protect one's position in a currency pair from an adverse move. It is typically a form of short-term protection when a trader is concerned about news or an event triggering volatility in currency markets. There are two related strategies when talking about hedging forex pairs in this way. One is to place a hedge by taking the opposite position in the same currency pair, and the second approach is to buy forex options.
News Trading
Scalping

What Is Scalping?

Scalping in the forex market involves trading currencies based on a set of real-time analysis. The purpose of scalping is to make a profit by buying or selling currencies and holding the position for a very short time and closing it for a small profit.
Automated Trading
Indices

What Is Indices?

The indices track the underlying prices of the currency pairs within that index. If the individual forex prices in that index increase, then the value of the index will go up. Conversely, if the individual FX prices decrease, then the value of that index will fall.
Commodities

What Is Commodities?

The commodity pairs, or commodity currencies, are those forex currency pairs from countries with large amounts of commodity reserves. ... Traders and investors looking to gain exposure to commodity price fluctuations often take positions in commodity currency pairs as a proxy investment to buying commodities.
Forex instruments
CFDs
ETFs
Stocks
Bonds
Cryptocurrencey
Trading Signals
Educational Service
Copy/Social Tradings

Suitable For

Publicly Traded
Beginners
Day Trading
Weekly Trading
Professionals
Swing Trading

Payment Methods & Transaction Fees

Deposit Methods

Withdrawal Methods

Gateway Fees

GatewayFees
Wire transfer1% - 4% of the transaction amount
Visa Card1.9% - 3.5% of the transaction amount
Master Card1.9% - 3.5% of the transaction amount
Skrill2.99% + $0.30 per transaction

Spreads & Commissions

Minimum Spreads 0.1
Fixed Spreads ✕ No
Commission on Trades ✓ Yes

Customer Support

Live Status Monitor Real-time support availability channels
24/7 Support Live
Weekend Support Live
English Chinese Spanish Bahasa Malaysia Bahasa Indonesia
Communication Desk Launch instant connection channels
Support Email
Email frontdesk@oanda.com
Support Phone +1 212 858 7690
Call Desk
Head Office Address 17 State Street, Suite 300, New York, NY 10004-1501
Show Map

Advantages & Disadvantages

Advantages

  • Excellent trust rating with a Trust Score of 89/100.
  • Regulated by recognized financial authorities: NFA, CFTC.
  • Very low initial capital requirement (Min deposit: 1 USD).
  • Access to popular industry-standard MetaTrader 4 / MetaTrader 5 software.
  • Risk-free Demo account options available for practice.
  • Accepts traders and clients from the United States.
  • Hedging positions is fully allowed.

Disadvantages

  • Commissions apply on trades, which might increase execution costs.

User Reviews & Feedback

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