OANDA Review

Regulated by:  CFTC, NFA, FCA, IIROC, MAS, ASIC, FSA

Headquarters: United States

Ranking: 15

Spread: 1.2 pips (EURUSD)

Leverage: 50:1

Minimum Deposit: $0

OANDA Review & Author's Comment

Founded in 1996, Oanda is one of the pioneers and leading brokers of online forex trading. I am not just saying, they truly are! The company is founded by two computer scientist and they launched the first online trading platform ever in 2001. That event is said to be a breakthrough for online forex and very first step for leveraged online forex trading as we know it now. Therefore all you guys should be grateful to Oanda for the convenience of trading forex online or on your mobile phone.

Oanda is headquartered in the US and regulated by renowned institutions such as CFTC in the US, FCA in the UK, ASIC in Australia and IIROC in Canada. Let’s take a look at the company’s cons first; leverage is 1:50 which is relatively low, spreads are relatively high, funding and withdrawal methods are limited compared to other forex brokers.  And pros now; it is a very reputable and reliable forex broker, they accept clients from the US and one of the few forex brokers which let you trade government bonds.


Broker Detail
Adress: North American Sales, 315 West 36th Street, 9th Floor, New York, NY 10018, USA
Phone: +1 877 626 3239
Web:

http://www.oanda.com

E-Mail: frontdesk@oanda.com
Regulator: CFTC, NFA (No: 0325821), FCA (Registration number 542574), IIROC, MAS (Co. Reg. No 200704926K), ASIC (AFSL No. 412981), FSA (Subscriber Number 1571)
Year Founded: 2001
Instruments
Forex:
Precious Metals:
Energy:
Soft Commodities:
Indices:
CFDs:
Stocks:
ETFs:
Bonds:
Options:
Account Options
ECN Account:
Swap-Free Account:
Nano Account:
MAM / PAMM Account:
Demo Account:
Funding Methods: Wire Transfer, Credit Card, PayPal
Withdrawal Methods: Wire Transfer, Credit Card, PayPal
Customer Services
Live Chat:
24 Hours Support:
Languages: Chinese, English, French, German, Japanese, Korean, Russian, Spanish
Platforms
Supported Platforms: MetaTrader 4, Oanda Trader
Webtrader:
Mobile: IOS, Android
Trading
Leverage: 50:1
Spreads: As low as 1.2 pips for EURUSD
Minimum Deposit: $0
Fixed Spreads:
Automated Trading:
Hedging:
API Trading:
Negative Balance Protection:
Accepts Clients from the US:

OANDA Review

Oanda Review
  • 9/10
    Reliability - 9/10
  • 8/10
    Deposit & Withdrawal - 8/10
  • 5/10
    Bonus - 5/10
  • 7.9/10
    Customer Support - 7.9/10
  • 7.9/10
    Overall Trading Conditions - 7.9/10
7.6/10

Summary

Regulated by very strict regulators. Reliable. No bonus. Very low leverage compared to industry standards.