To understand whether Oanda is suitable for you or not, I recommend to pay attention to these 3 things: reputation, trading conditions, and regulation.
For how long the company is in the market?
- Oanda is in the market since 1996.
What are the main advantages here?
- The main advantages of Oanda are the multicart trading platform and also lab.
Did you find any reasons not to work with this broker?
- We did not find any reason not to open an account to test this company.
Does Oanda have swap-free (Islamic) accounts?
- Yes, Oanda is suitable for Arabic traders.
What is the minimum deposit amount?
- It is possible to start trading at $100.
What this broker regulated?
- Yes, Oanda is regulated by CFTC, NFA, FSA, IIROC and MAS.
Anything special about spreads and margin leverage?
- This is one of few brokers that offer good conditions on trading Bonds.
Oanda Features
| Minimum deposit | $1 |
| Cent account | ❌ |
| ECN account | ❌ |
| Typical spread | 2.0 |
| Avg rebate per lot | $0.00 |
| Quote accuracy | 5 |
| Execution type | ME |
| Max leverage | 1:50 |
| Trading platform | OANDA fxTrade, OANDA fxTrade on MetaTrader 4, fxTrade Mobile , fxTrade API |
| Est since | 1996 |
| Regulation | CFTC, NFA, FSA, IIROC, MAS |
| Pamm accounts | ✅ |
| VPS service | ✅ |
| Mobile Trading | ✅ |
| EAs/Robots | ✅ |
| Minimum trade size | 0.00001 |
| Islamic account | ❌ |
Youtube Review
Suspicious reviews that we found
I noticed that OANDA increased the spreads in EU/US over the years while falsely advertising low and competitive spreads.
Large spreads resulted in large losses because orders were not executed due to the large spread.
OANDA has presently lawsuits in New York district court and Santa Clara Superior court, California for false advertising and fraud.*
*The review was found on ForexPeaceArmy. Meanwhile, we have no tools to check if this review is real and if the issue is resolved or not.
The country that there are so few reviews about Oanda. Excellent company. You can work peacefully. Quick Sapport, the terminal works like a clock. Very good site with a bunch of useful gadgets. I recommend everyone to try.
I keep their account for several months, just tried the demo, now a little on real trading. The company has no complaints, I will even say on the contrary, deals are being executed quickly. Conclusion during the week always comes, maybe someone will seem a long time, but the main thing for me to get out.
Just no nerves left. While working, the broker gives the left trading signals, their signals simply do not coincide with any of those with whom they compared. As for the withdrawal of funds, once deduced $ 240, within 2 weeks !!! Now I want to withdraw a larger amount, since February all this has dragged on so far !!
I trade on the market enough time to be able to identify the advantages of a broker. To begin with, I want to note that the output is fast and there is something to output. Profit with the correct strategy is sufficient, the platform is comfortable and without problems. 2 years I trade with this broker and I do not plan to go over.
I have been familiar with OANDA for a long time, as well as with many brokers due to many years of work in the market. Well, I can say that the platform is good, there are no requotes and slips, the spread is adequate. Execution is normal. Account to open there is a little bit of trouble, but not deadly. Earned give without problems and do not interfere with trading. From me plus.
A lot of time spent looking for a reliable broker, and stopped at this foreign company, after quite good foreign reviews about Oanda. They immediately offer a wide range of tools and acceptable sizes of spreads. First he traded on a demo account for almost 2 months, then going to the MT4 Platform account. Was pleasantly surprised when in 2 weeks brought the first profit, even if small, on his Paypal account. I also took money from my account, also pretty quickly, until 1 day, all that is required is to fill out a special form on the website. I trade small volumes, but it’s too early to count on anything, since I am in the learning stage.
Oanda is the leader in providing and providing news, and this has been a long time, and a well-known fact. I am sure that most of the DC draws news information from Oanda, and the broker does not forbid it. Quick execution of orders, so that other companies can only envy. There are some nuances with payment systems, but I’ve been trading for almost half a year, and I’m generally happy.
This company is not focused on Russian clients, especially those who do not speak English. language. Terms of trade are attractive, but with support it is difficult to communicate, moreover, at the most inopportune moment, during the activity of the market, the platform hangs, and when the flat does not work naturally.
This is a very good broker. I saw a lot on the Internet of positive reviews about Oanda. At one time, the Java platform that was here, I only saw the stock brokers. Today there is a wide range of instruments with fairly low spreads – indices, currencies, oil, bonds, various metals. I will also provide free access to news directly from 4 world agencies Reuters, Dow Jones, 4CAST LTD, UBS. A lot of auxiliary services are facilitated during trade and decision making. A good technical analysis, and positions open simultaneously in two trading platforms – FXTrade and MT4.