See what our users say about Oanda Review. Do you suspect fraud? Please tell us about it. You will be hard pressed to find a more highly respected forex broker in the market than is OANDA in the forex industry. The firm, established in , was one of the original pioneers that toiled to make retail forex trading a reality for the general public and quickly leveraged its early successes to become an industry powerhouse.
Through its now global consortium of forex-related corporations, it provides not only retail forex trading, but also basic rate quote streaming services, money transfer processing, hedge consulting, and a host of other related forex-business services.
It serves its ever-expanding global customer base with subsidiaries in the U. The firm also accepts U. If you are looking for currency pairings that you cannot find elsewhere, then OANDA may be the one for you. They offer over 60 major, minor, and exotic forex pairs to choose from, along with CFDs for precious metals, commodities, bonds, and stock indices. If your country does not recognize CFDs as tradable instruments, then you may not be able to access them, but you will still have excess to an extensive library of educational materials, videos, and streaming webinars, fit for all levels of trader.
There is no escalating benefit structure tied to your account balance. OANDA does not discriminate in that manner. It has one standard account category, supplemented with a free demo for practice trading. You do have two options when it comes to trading platforms. Mobile trading is also supported for each platform protocol choice.
Customer service personnel and support materials rank on the highest end of the scale, and peace of mind is assured by consistent regulatory compliance across the globe with several key oversight agencies. All client deposits are also maintained separately in Top-Tier bank accounts and subject to various national investor protection schemes. OANDA has it all and then some. Visit back to top.
Spread offerings are competitive. Spreads for CFDs vary by asset choice. OANDA also provides an online tab on its website that details the prevailing spreads on all assets offered, each changing in real time.
As for leverage, the standard of Check the website for details. It takes the honor of being the first online, retail forex trading platform to hit the market. From , fxTrade has been continually upgraded and has led the market in new innovative features. It has always been web-based and capable of handling heavy volume through put. If you, however, prefer to use the family of Metatrader4 offerings, then you will not be disappointed.
OANDA supports MT4, as well, and all of its systems have a mobile app to permit trading from anywhere, as long as your device can access the Internet.
All trading activity and personal identity data are encrypted using the latest technology for security purposes. Checks, credit cards, debit cards or wire transfers may be used to fund your trading account with OANDA. Withdrawals will always follow a similar path, as required by international law. All withdrawal requests will receive quick processing, as long as your personal identity information, again as required by international law, is current, on file, and in order.
Bilingual customer support representatives are professionally trained to assist you with any query that you might have. You can access them via live chat, email, fax, or via phone.
There are also eight global offices to add an additional layer of convenience to serve you on a regional basis. The firm has been there since the beginning, and it shows. They have won many industry awards for excellence in all facets of the business and are best known for their early trailblazing efforts in providing conversion rates for the public and then leveraging those experiences to produce the first online, fully automated, retail forex trading platform.
Size does have its advantages in this business, as do long-term relationships with major global liquidity providers and with major regulatory bodies. OANDA is flexible enough to appeal to any trader. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services.
Past performance is no indication or guarantee of future performance. Only the NFA regulated brokers featured on this site are available to U. Read our full legal disclaimer. If you like this discussion on ForexFraud then please like us on Facebook. Major credit or debit cards, bank wire transfers, Skrill, or a host of other local payment processing methods; Platform Info Trading platform: Popular Broker Reviews Visit Now.
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