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OANDA Review

OANDA is one of the leading brokerages providing services for the online currency traders. The company was founded in 1996 through joint efforts of a computer scientist and a financial expert who foresaw that the world-wide web is to eventually force global financial markets to evolve efficiency processes in the electronic industry. OANDA features currency information, trading tools and resources for private investors, traders and investing companies.

OANDA provides top-notch financial and computer technologies designed specifically for online currency trading. OANDA’s up-to date economical information services are available to all its clients, from private investors to large financial companies, and from personal account managers to institutional brokers. OANDA is a recognized market maker and a trustworthy source for financial data. The broker has access to one of the world’s largest currency databases.

OANDA features fxTrade, a currency trading platform, which is transparent, user-friendly, low-cost and flexible, thus being applicable by traders of all levels, as well as by investment experts, financial companies and institutional brokers. Apart from the trading platform, OANDA’s strong points are trading technologies, tight spreads and 100% automated transactions.

One of the data resources provided by OANDA is the Forex Blog which is an RSS feed with the daily market reports and technical analysis from highly professional currency analysts and financial experts.

Since the year of foundation OANDA has expanded its subsidiaries to all regions of the world and currently its main offices are set in Singapore, Canada, United Kingdom and Japan. OANDA’s ambitious goal is to transform the global forex market.

 

OANDA — Forex Boker information

OANDA
Status No status
Broker type NDD, Broker, MM
Traders reviews Post a review
Foundation 1996
Regulation CFTC, NFA, FSA, IIROC, MAS
License 0325821
Languages English
Support phone 1 877 OANDA FX
Address 140 Broadway, 46th Floor, New York, NY 10005, USA
Offices in Canada, Japan, Singapore, Switzerland, United Arab Emirates, United Kingdom, United States
Headquartered in New York

Forex Trading information

Accepts US traders No
Trading conditions Min. deposit: No minimum
Leverage: 50:1
Commissions: 0
Free trial: Yes
Pip Spread on Majors: 1-3
Trading platforms fxTrade, MT4, fxTrade API
Other trading instruments
Leverage 50:1
Pip spread on majors 1-3
Minimum position size 0.00001
Digits after the dot in quotes 5
Spread Type Variable
Min. spread 1
Margin call level, % 2
Stop-out level, %
Minimum distance to stop/limit orders, pips
Guaranteed stop loss No
Guaranteed limit orders Yes
VPS for traders No
Rebates per 1 standard lot, $
24 hour trading Yes
24 hour support Yes
Mobile trading Yes
Trading by phone Yes
Automated trading Yes
One-click trading Yes
Hedging No
Scalping No
Swaps No
Pending orders Yes

Forex Account information

Payment methods Credit Cards, PayPal, Wire Transfer, Check
Account currencies EUR, USD, GBP, JPY, CHF
Mini account, $ 1
Standard account, $ 1
ECN account, $
PAMM No
Institutional accounts No
1st deposit bonus No
Commissions No
Demo account Yes
Bonuses, Promotions Yes
Forex contests, competitions No
Free education Yes
Daily analysis Yes
Expert advisors No
Trading Signals Yes
Partnership programs No
Affiliate program No
Trust management Yes
Personal manager Yes
Managed accounts Yes
Segregated accounts No
Interest charges on the balance No
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