OANDA globally is one of the largest forex brokers globally and now offers forex for Australian traders. The market maker is a favourite for Australian forex traders due mainly because of the following:. These awards are not a one-off with similar awards received since OANDA offers service 24 hours, five days a week with e-mail, live chat and phone support for Australian forex traders. Australian forex traders are offered tools to protect themselves from slippage with the option to set upper and lower bounds to manage fluctuation, set take-profit orders and stop-loss orders to manage downwards risk.
It sources the best prices from within the liquidity pool to ensure that clients get the best execution prices on every trade. The systems also have the capacity to review voluminous trade data every second.
The technology will also provide optimal prices in the fast and highly volatile foreign exchange market. There are three plans for Australian forex traders including:.
This plan gives clients a free day trial. On this plan clients get monthly daily ask rates, mid and average bids and rates for over precious metals and currencies, among others. As the table above highlights, some Australian forex brokers offer up to While leverage dramatically increases the risk profile of forex trading it can be essential for many traders forex strategies.
For beginner, intermediate and even those traders with a low risk acceptance Traders can also use the API to trade through their own individual fxTrade accounts. It also comes with new technical overlays and indicators, vertical pinch- to- zoom functionality and additional chart types.
Apart from helping traders draw trend lines, the app can be used to identify resistance and support levels and other common chart patterns. The features have also been designed to allow traders to analyse technical data on currencies, financial instruments and other variables anywhere they roam. The company has maintained its lead in mobile forex trading capabilities and taken these capabilities to higher steps.
Essentially, the mobile apps are at par with the desktop version of the trading platform. From the feedback OANDA reviews from clients and their mobile trading behaviour , the company knows that most traders are looking for a robust platform they can access instantly.
With fxTrade Mobile 3. Instead, you will receive the full desktop trading experience on your current mobile device. OANDA uses a cutting- edge trading app with a sleek user interface, enhanced charting functionality and full visibility into price- action to allow for more customisable options to suit your individual needs. The app also allows for easy mobile navigation from a single screen.
The sliders accuracy has been improved for use with overlays and indicators. Further, cross-hairs are now linked to the main graph chart. When you trade on this platform, therefore, you can be sure that you will be protected by local Australian financial laws, rules and regulations. Additionally, OANDA provides Australians with access to one of the largest historical, filtered currency and high frequency databases in the world today. Just view our Australia forex broker comparison options on the homepage.
If you have any feedback please feel free to use our contact form. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.More...