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OANDA Broker: Reviews and Specifications

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OANDA Discussion

  • Website: www.oanda.com
  • Founded: 1996
  • Headquarter: 140 Broadway, 46th Floor New York, NY 10005 United States
  • Regulation: CFTC • NFA • MAS • FCA • FSA Japan • DFSA • IIROC • FIN-FSA (Finland)
  • Note: ”OANDA”, “fxTrade” and OANDA’s “fx” family of trade marks are owned by OANDA Corporation.

Open Account

International offices UK • United Arab Emirates • Singapore • US • Japan • Canada • Switzerland
Broker Type Market Maker
Broker Status Independent Broker
Accept U.S Clients Yes
Live Chat Yes
Phone +65-6227-3808 or
1 877 OANDA FX
Fax +65-6636-5136 or
1 877 264 2220
Email [email protected]
Website Languages English, Chinese, Japanese, Korean, French, German, Italian, Portuguese, Russian, Spanish

 

Account Information

Free Demo Account Yes
Min. Deposit $1
ECN account No
Account Currencies USD . EUR . GBP . JPY . CHF . CAD . AUD . SGD
Maximum Leverage 50:1
Minimal Order Volume 0.01
Segregated accounts Yes
Swap-free Accounts No
MAM/PAMM accounts PAMM
Managed account No
Interest on margin Yes
Deposit/ Withdraw Options Paypal . Bank Transfer . Visa/ Mastercard . Paper Check

 

Trading Terms

Trading Platforms
  • MetaTrader 4
  • FxTrade (Mobile, iPhone, iPad, iPod touch, Android, Blackberry)
Precision pricing 5 digits
Type of Spread Floating
Commission no
Lowest spread on EURUSD 0.9
Scalping Yes
Hedging Yes (OANDA Forex Consultant)
Expert Advisors Yes
One-click execution Yes
OCO orders Yes
Mobile Trading Yes
Web Trading No
Gold, Silver Yes
CFDs Yes
Other Trading Instruments No
Promotion No
Trading Contests Yes

Last Updated on June 3, 2019 - Update this listing →

See also:

  • FXCM Broker: Reviews and Specifications
  • Forex.com Broker: Reviews and Specifications
  • AvaTrade Broker: Reviews and Specifications
  • BMFN Broker: Reviews and Specifications
  • Ally Invest Forex Broker: Reviews and Specifications
  • ATC Brokers Broker: Reviews and Specifications

Reader Interactions

Users reviews are for informational reference only. Don't treat it as advisor to invest money in Forex trading.

Comments

  1. naninov says

    August 3, 2013 at 10:22 pm

    i remember i ever traded here because of oanda had unique service which no other brokers ever offering it…it is weekend trading service, can you believe it? when all brokers closed only oanda give ability to trade in weekend… it’s true but the spread is widen about 20 to 30 pips on weekend trading so i think useless trading on weekend anyway… but this service is unique make oanda differ from others

    Reply
  2. Viktoria, Russia says

    October 4, 2012 at 2:30 am

    I can say Oanda is really professional broker and they are not scam but they are market maker, mean that part of their profit are your loss so deal with it, everyone broker work that way unless you trade with true ECN. Most broker claim they are real ECN but they are NOT. Your job that is have trading plan to protect your investment.

    Reply
  3. Australia says

    May 25, 2012 at 3:12 am

    I must warn you that save your money and look for a more professional and reputable broker. Oanda may not the worst bucket shops but these people will do anything to cheat on clients!

    Reply
  4. Victor says

    March 16, 2012 at 3:42 pm

    Good customer service and my questions are answered very fast. Trade on demo account only and their platform is hard to use! I will try to demo on MT4 next time.

    Reply

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