Trading Experience
OANDA provides users with an impressive range of trading platforms, in particular, the OANDA fxTrade Desktop platform. Their account offering is simple and transparent with just 2 types of accounts available. Users can access a wide range of markets across Forex, Indices, Commodities, Metals and Bond CFDs.
From our observations, OANDA provides a simple and transparent trading offering suitable for both beginner and advanced traders. Users have access to 2 different types of trading accounts called Standard and Premium.
While trading costs such as spreads are not the cheapest in the field, the broker does provide an impressive trading platform through the OANDA fxTrade Desktop and Web platforms. Users can also access some very unique and interesting indicators such as the OANDA Open Order indicator.
The broker’s trading tools, research and education is also very impressive as was the OANDA Virtual Assistant.
FAQ
Is OANDA regulated?
Yes, by the UK’s Financial Conduct Authority (FCA), among others.
Where is OANDA based?
OANDA is based at OANDA Europe Limited, Tower 42, Floor 9a, 25 Old Broad St, London, EC2N 1HQ.
How does OANDA make money?
OANDA makes money mainly through spreads and swaps on different tradable asset classes.
How do I deposit in OANDA account?
Funds can be deposited into a trading account via debit or credit card, bank wire transfer or PayPal.
What is the min. deposit for OANDA?
There is no minimum deposit to open an account.
How do I withdraw money from OANDA?
Withdrawals can be made from OANDA via debit or credit card, bank wire transfer or PayPal.
What is the max leverage in OANDA?
The maximum leverage offered by OANDA is 1:100 for professional clients and 1:30 for retail clients, in line with ESMA regulations.
How do I open an account with OANDA?
An account can be opened at the click of a button on the OANDA website and can be done in just a few steps.
Does OANDA use MetaTrader?
Yes, MetaTrader 4.
Conclusion
OANDA is a globally regulated Forex and CFD broker also providing corporate Forex solutions and currency conversion. Users can trade on Forex, Indices, Metals, Commodities and Bond CFDs on the broker’s own proprietary trading platform for desktop, web and mobile, as well as on MetaTrader 4.
OANDA was founded in 1996 and is authorised and regulated by the UK’s Financial Conduct Authority under the name OANDA Europe Limited. The OANDA Corporation also has individual entities regulated by US, Canadian, Australian, Singaporean and Japanese regulators.
The broker offers 2 types of trading accounts: a Standard Account and Premium Account. Both accounts offer 24 hours a day, 5 days a week support, the ability to trade Forex, Indices, Metals, Commodities and Bond CFDs, as well as institutional-grade execution on OANDA Trade, the broker’s own, proprietary – and award-winning – trading platform for desktop, web and mobile as well as on MetaTrader 4.
OANDA provides impressive trading tools, research and education solutions such as AutoChartist, a Forex order book and MT4 open order indicator, webinars, events and MarketPulse for all the latest news and technical research. The OANDA Virtual Assistant was also very helpful.
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Simple, transparent offering.
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Feature-rich OANDA fxTrade Web and Desktop trading platform.
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Impressive trading tools and research from MarketPulse.
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Can trade on more than 150+ instruments covering Forex, Indices, Commodities, Metals and Bond CFDs.
