Oanda Review
Oanda Successfully Works In Financial Markets, Providing A Full Range Of Services To Traders Around The World.
Oanda Review: Summary
Oanda Offers Commercial And Standard Access To The Forex Market, With Over 70 Currency Pairs To Trade. Oanda’s Platform Is Comprehensive, Offering A Wide Range Of Indicators And Charting Tools For Experts As Well As A Simple And Intuitive Layout That’s Perfect For Beginners.
You Won’t Find Retirement Savings Or Stock Trading On Oanda — The Platform Doesn’t Offer Any Type Of Trading Beyond The Forex Market. However, The Broker Does Forex Trading Especially Well — Though It Could Stand To Offer More In The Way Of Customer Service And Lower Fees.
Oanda Regulation And Security
Trading With A Regulated Broker Will Limit The Potential For Fraud And Malpractice. I Always Recommend Traders To Check For Regulation And Verify It With The Regulator By Checking The Provided License With Their Database. Oanda Presents Clients With Four Well-regulated Subsidiaries.
Oanda Features
Overall, Oanda Is A Top Contender In Our Best Metatrader Brokers Category This Year. Metatrader Suite: Oanda Offers Mt4 And Mt5 For Web And Desktop.
| Features | Status |
|---|---|
|
Regulation
|
CFTC,FCA |
|
Platforms |
MT4 |
|
Instruments
|
FOREX,CFD,BOND,METALS,INDICIES
|
|
Demo Account
|
Unknown
|
|
Minimum Deposit
|
$0
|
|
Minimum Spreads
|
Unknown
|
|
Commission
|
Unknown
|
|
Maximum Leverage
|
1:50
|
|
Customer Support
|
12128587690
|
Oanda Account Types
There Are Two Types Of Accounts That You Can Choose To Open With Oanda – Standard Account And Premium Account.
As The Name Suggests, The Standard Account Is For Traders With Different Experience Levels To Consider Whether Trading With Forex And CFDs. Having A Premium Account, On The Other Hand, Requires Meeting Certain Conditions. As A Premium Account Holder, You Are Privileged To Get Custom Pricing, Tight Spreads, Free Wire Transfers, And A Relationship Manager.
Oanda Trading Platforms
| Platforms | Status |
|---|---|
|
MT4
|
Yes
|
|
MT5
|
No
|
|
cTrader
|
No
|
|
Web Trading
|
No
|
|
Mobile Trading
|
No
|
Oanda Spread & Commission
Oanda Spread Is Calculated Through An Oanda Platform Which Is Electronically Connected To Numerous Global Banks That Access The Most Accurate Foreign Exchange And Cfd Rates In Case You Trade Forex Or Cfd Instruments. Below You, May See An Average Spread On Most Traded Instruments, As Well As A Snap From A Live Quotes.
| Spread & Commission | Status |
|---|---|
|
Commission On Trades
|
Unknown
|
|
Fixed spreads
|
Unknown
|
|
Min. Lot Size Per Trade
|
Unknown
|
|
Max Lot Size Per Trade
|
Unknown
|
Apart From Live Quotes, You May Find Information About The Historical Spread On A Particular Asset Or Instrument, Which Can Be Very Useful For You To Understand The Price Policy Of The Oanda And Get Knowledge On How The Spread Is Influenced By The Volatile Market Conditions.
Oanda FAQs
Oanda Is Well-regulated And Provides An Excellent Choice Of Trading Platforms. It Also Maintains An Uncompetitive Trading Environment, And Traders Need To Weigh What Is Most Important On An Individual Basis.
Oanda As Heavily Regulated Company Is A Potentially Safe Company To Trade With, As Its Every Step And Actions Are Strictly Overseen And Complied With The Operational Guidelines. Oanda Hold Licenses From World Recognized Top-tier Authorities And Established According To The United States Cftc And Nfa Regulation With Additional Regulation From Fca, Asic, Iiroc, Mas In Singapore, Ffaj Japan. Which Makes Oanda Low-Risk Forex And Cfd Broker.
There Is No Minimum Deposit For The Standard Account, But The Premium Requirements Are As High As $20,000, Dependent On The Jurisdiction.
All Money Management Is Done Via Account Online Area, Where You Can Submit A Withdrawal Request Through A Guided Follow Of Steps, Also See Fee Reports And Account History.