OANDA is one of the oldest forex brokers operating currently on the online currency markets. The company was established in 1996 through combined efforts of a informational technologies scientist and a financial expert who had foreseen that the internet would change global financial markets in the nearest future to evolve processes for efficiency in an electronic commerce. Oanda broker provides a wide range of services on online international financial markets. Besides trading software the broker provides up-to-date trading information, investing instruments and resources for private traders and investing companies. The company’s main office is located in New York, United States. Additionally, the broker has representative offices and sales centers in Singapore, Canada, United Kingdom and Japan.
OANDA offers to traders the most high-tech and advanced trading and informational technologies to ensure efficient online currency trading and the most fresh and exact financial information to all traders, from private traders to major financial companies, from personal account managers to institutional brokers. OANDA is an acknowledged market maker and a reliable financial data source. The company gives its’ customers access to one of the largest economical and financial databases in the world. The broker offers trading a wide range of currency pairs including such exotic pairs as eur chf and jpy cad. OANDA offers its services to the traders from USA and other countries of the world.
Among the advantages of trading with Oanda there are: fxTrade, which is a transparent, user-friendly, low-cost and customizable currency trading platform for traders, investment managers, financial institutions, and corporations; website OANDA.com providing currency information, tools, and resources for investors, businesses, and traders; Forex Blog, providing RSS feeds and daily market reviews and forecasts from the broker’s resident currency analysts; OANDA Research and Innovation Center, which is a blog about innovation, product design, and next-generation trading technologies.
On the website of Oanda forex company you can find the answers to the questions why is oanda a good broker , how to trade on oanda and how safe is oanda as long as a lot of useful data such as currency charts, currency converter, rates, news and promotion actions.
On the Oanda forex broker profile page at our website you can read oanda reviews by other traders as well as write your personal oanda review of your personal experience with the broker. To add a broker review you need to login to the site. The gold stars signify reviews ratings according to their usefulness as considered by other visitors of the site.
|Address||140 Broadway, 46th Floor, New York, NY 10005, USA|
|Free phone||1 416 593 9436|
|24 hour support|
|Forex contests, competitions|
|24 hour trading|
|Accepts US traders|
|Digits after the dot in quotes||5|
|Minimum position size||0.00001|
|Pip spread on majors||1-3|
|Standard account, $||1|
|Mini account, $||1|
|Other payment methods|
|Popular payment methods||Credit Card, PayPal, Wire Transfer, Check|
|Account currencies||USD, AUD, CHF, EUR, GBP, JPY, CAD, HKD, SGD|
|Other instruments||Metals, Gold|
|Languages||English, Russian, Japanese, Chinese, Spanish, German, Korean and French|
|Platforms||OANDA fxTrade, OANDA fxTrade on MetaTrader 4, fxTrade Mobile , fxTrade API|
|Regulation||CFTC, NFA, FSA, IIROC, MAS|
My experience of trading with Oanda is very positive. There are many features available on the website. If you have a real account, you get an access to huge database of historical prices. I use automated trading strategy and it requires backtesting on history. So I need high quality data and it's available on the website. The main point is that all data available in ticks. I can convert it to different timeframes and there is no need to pay extra money for data from other vendors. If you need good broker and high quality data for testing your algorithms then think twice about this one.
I like them due to deep market liquidity and competitive spreads. Nothing out of the common - just nice stable trading conditions.
Listen, I understand that this is a reputable broker but I am not satisfied completely with it. When I started, everything was perfect and suddenly the problems began. That sudden change occurred after I made profits several times. They stopped to execute orders. I thought something was wrong with my desktop, reloaded it and the pause was fatal for my deals. Perhaps I should continue but I’ve quitted at once. Though, it’s a pity. Here they offer innovative trading tools for analyzing the trends and stimulating the market, promise the secure trading.
fxcm and oanda are mothere forex brokers to the universe. no forex broker can be compared with them. seriously. once and once again thanks to them