OANDA is a globally recognized forex broker, established in 1996, with a strong reputation for offering innovative trading solutions & a secure, transparent trading environment. Known for its competitive pricing, fast execution speeds, & comprehe nsive trading tools, OANDA continues to be a top choice for traders worldwide.
In this review, we'll explore OANDA's pros & cons, features, & price quote performance metrics to help you make an informed decision.
Click Here To Open An AccountOANDA holds a strong position in the forex market, with an overall rating of 4.25 out of 5.0
Milliseconds can matter when it comes to trading. OANDA is well-regarded for its price feed performance and other key trading areas. We found spreads to be a bit higher, but slippage to be comparatively lower than other brokers we’ve tested. Here's is how we rateit:
OANDA offers multiple trading platforms to cater to a diverse trading community. Their spread-only pricing on standard accounts means no additional trading commission. Here's a breakdown:
OANDA is a highly regulated broker, operating under strict regulatory standards across several major financial jurisdictions. This ensures a secure and transparent trading environment for its users around the world.
All US regulated forex brokers are subject to non-segregated accounts, FIFO (first in first out) and non-hedging. Oanda handles the FIFO rule implementation differently than other US brokers, which is very positive in our view. The FIFO rule prevents orders of the same lot size that belong to the same currency pair to be closed out of order. Oanda’s solution to this is to simply prevent orders of the same exact lot size on the same currency pair, which allows orders or varied lot sizes to be closed in any order. This is a convenient implementation that allows traders to manage trades with less friction while still abiding by the FIFO rules.
Click Here To Open An AccountRebates provide an amazing opportunity for traders to earn extra cash back on every single trade. When you connect a newforex trading account to us, the broker gives us a percentage of their spread earnings for every trade you make as compensation for introducing you as a client. When we get compensation from the broker, we make sure that you get a cash rebate for your trades.
It's a win-win situation since partnering with us always results in some additional cashback. The amount of profit or rebate you get from trading varies based on your trading volume and is paid to you monthly. When you become our client, the rebate payouts are automatically deposited to your bank account via Zellearound the middle of the month following the month in which the rebates are earned.
OANDA provides several additional features and benefits for traders:
1. 24/7 Multilingual Support: OANDA's customer support is available 24/7 in 23 different languages, ensuring you can get help whenever you need it.
2. Advanced Trading Tools: Access advanced charting tools,MetaTrader, risk management calculators, and a powerful trading API for automated trading.
3. Educational Resources: OANDA provides a comprehensive educational section that covers everything from beginner trading strategies to advanced market analysis, ensuring traders are well-equipped to succeed.
OANDA is a top-tier broker with a long-standing reputation for providing reliable and transparent trading services. While its spreads may not be the lowest, its fast trade execution and robust regulatory oversight make it a compelling choice for traders. Whether you're a beginner or a seasoned trader, OANDA offers a variety of tools and resources to help you succeed in the markets.
OANDA Corporation is regulated by the CFTC/NFA. OANDA is a member Firm of the NFA (Member ID: 0325821). CFDs are not available to residents in the United States.
Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks.
Risks and Limitations: Trading forex has large potential rewards, but also large potential risks. High leverage can work against you as well as for you. You must be aware of the risks of investing and be willing to accept them in order to trade. Trading involves substantial risk of loss and is not suitable for everyone. Do not trade with money you cannot afford to lose. This website is neither a solicitation nor an offer to buy or sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Website owners and affiliates will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.
