Details and review of Oanda

In the following section you can find a detailed information about Oanda Forex broker. Afterwards company and trading information you will find customer reviews and at the end of the page you can also rate and review Oanda Forex broker.

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Oanda Forex broker company details

Forex broker name:Oanda
Forex broker rating:3.3(3 votes)
Forex broker logo:Forex broker logo
Company long name:Oanda
Regulation:NFA, CFTC
Broker description:Oanda Overview
Oanda were founded in 1996 and initially provided currency exchange rate information. In 2001, Oanda launched fxTrade and were one of the first companies offering automated online forex trading.

Oanda Corporation is regulated by multiple regulating authorities in regions it operates and includes regulation by CFTC, NFA and FSA. Oanda are among the largest Forex brokers online and have access to one of the world's largest historical, high frequency, filtered currency databases.

Oanda Trading Platform and Customer Support
As one of the original online forex dealers Oanda continue to offer reliable trading platforms. The popular Metatrader 4 is supported as well as a mobile trading platform, FxTrade and a web-based platform.

Customer support is available 24 hours a day from Sunday through to Friday and covers active trading hours and then some. Multi-lingual support is provided as they have offices available in multiple countries.

Deposits and Withdrawal
Deposits and withdrawals are flexible as accounts can be funded by paper check, PayPal, wire transfer or credit card. Withdrawals are possible via a paper check, wire transfer or credit card.

Promotions and Bonuses
Oanda rarely offer promotions or bonuses and none were available at the time of this review.

- US-based traders are accepted
- Trading exotic currencies is available
- Flexible funding and withdrawal options
- Tight spreads
- Free practice account available

- Charting is basic and not ideal
- Variable spreads may widen during illiquid markets

Oanda are a trusted Forex broker and have a strong history of reliability and solid customer support. The charting tools may be basic but there is good educational information available to help traders improve. The flexible trading options make Oanda a good broker to trade with for new traders as well as experienced traders.

Oanda Forex broker contact informations

Website:Visit Oanda website
Live chat:NA
Phone:+1 416 593 9436
Fax:+1 212 208 4356
Address:140 Broadway, 46th Floor NY, NY 10005

Oanda Forex account details

Minimum deposit:US$ 1
Leverage:50 : 1
Spreads on majors:1-3 pips
Minimum trade size:1 units
Currenc pairs:38
Payment options:Bank wire, Check, Paypal
Platform:Web based
Demo account:Open a demo account
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Oanda Forex broker reviews and ratings

Average rating:
42008-07-11 12:55:27Dvqcuskg
Very interesting tale
12009-12-16 01:15:45baneya
I have been with Oanda for about a year. Oanda is a market maker so they actively trade against there customers. They actively hunt stop losses. Oanda\'s trading platform freezes often. I have lost my connection to my trading account while trading and they told me that I was having internet connectivity problems even though I could get to other web sites and log in to my email without a problem. They also did not know that I used to be a network administrator before telling me that I was having internet connectivity problems. Oanda is a highly manipulated environment. The correct term for this type of broker is a \"Bucket Shop\" ECN brokers are the most free market breed of broker. They do not have a dealing desk that can be manipulated. ECN brokers want you to be successful because they make money when you make money. Oanda makes money when you loose. As time moves forward traders will opt for ECN brokers and market makers will go bust.
52010-11-18 14:30:22ZAHIDSHARIF
i am new i trading dont know any thing your offer is un beleable can you give me achance to start forex trading with you

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