Oanda forex broker reviews
By aprkl88 Leave a Comment. An interesting feature we noted is that OANDA Forex broker has probably stayed in business more than any other broker we know of today. It is for this reason that this broker has garnered enough user reviews in terms of reliability, platform performance, and customer support. This OANDA Forex broker is also regulated by several regulatory organizations which included FSA, MAS, IIROC, DFSA, and many others.
As for the average trader who is interested in finding a good Forex broker to conduct business with, it all boils down to certain factors which will determine OANDA is not a scam and is suitable for them. Because of this reason, we have highlighted everything that should be known about this FX broker from our honest OANDA Review.
Keep reading to know more. After establishing as a company OANDA opened its doors to clients in the mids, and they are still expanding their facilities.
After all, any FX broker who has stayed in business for this long deserves to handle such traffic because they are growing by the day and learning what their competitors are yet to learn. Anyway, the founders of OANDA company are recognized as Dr. Michael Stumm and DR.
The company has been active since the mids. But in , they launched an online trading platform which won them the title of being the first FX broker to launch a fully automated Forex platform. They named it FXTrade. Products offered by OANDA Broker are unique indeed. Rather than offering different account types with varied features, this FX broker opted to offer one standard account for all clients regardless of their capital or trading experience.
With this standard type account, OANDA gives the flexibility and freedom that most traders would want in a broker. For example, you get to trade any lot size without restrictions. This means trading 0. When you open a live account at OANDA Forex Broker, your money is sent only to the top tier banks like J. Morgan Chase, Deutsche bank, Royal Bank of Scotland, and Royal Bank of Canada. Banking with these institutions gives traders the guarantee that their money will be safe at all time. Again, this is to emphasize on security and reliability of OANDA.
The company ensures that they have all the necessary requirements for operating a Forex broker business on the internet. For this reason, OANDA Broker will proudly display their evidence of registration with organizations like Commodity Futures Trading CFT , Futures Commission Merchant FCM , and the National Futures Association NFA. Most people complain of high spreads during news release or when the market is generally volatile. This is a fact that even OANDA has come to admit.
Therefore, this is a precaution you need to have in mind since it will affect the outcome of your trades in one way or the other. Also, there is no commission charged on trades. Instead, they deduct their share from the spread difference which is based on real market values. The lowest you should expect is 1. Indices tend to have lower spreads, starting at only 0.
Indices may be your cup of tea then. Speaking in terms of leverage, OANDA Broker has very low leverage 1: So if you want to trade with a leverage ratio of 1: The OANDA has the best trading platform you can get in the industry.
Performance is also quick compared to what happens in other broker platforms. They run the usual MT4 platform and the FXTrade WebTrader. It has complex charting tools for your analysis. With this web-based platform, you can trade anywhere so long as you have your login details.
However, for your convenience, it is recommended that you start with a reasonable balance to avoid being kicked out of a position prematurely. You should expect this flexibility when it comes to withdrawals as well. OANDA gives you a wide range of funding and withdrawal methods. Traditional options like VISA, MasterCards, Wire, and the rest are accepted.
But they also accept major e-wallet payments as well. There is no shortage when it comes to how you can fund or withdraw your profit. This Broker has some of the most attractive bonuses to take advantage of. If you are a trader with low capital, bonuses can be a godsend since they boost your account and also enable you trade well.
OANDA Review - irexapezoren.web.fc2.com
Just look out for these announcements in your email since they will likely be sent to you frequently. The OANDA company has an office in Singapore, Chicago USA, London UK, Tokyo Japan, and Toronto in Canada.
Customer support can be reached 5 days a week. The official time of operation starts on Sunday 1pm EST and ends on Friday 6pm EST till the next trading day. As a new trader, you can reach them via phone, chat, or email.
Either way, they will still answer your questions promptly and also address any issues you might be having. Some traders have always been concerned with searching OANDA scam because they believe that every broker is a scammer. But this is not the case here.
OANDA Review | Forex Trading - irexapezoren.web.fc2.com
Many OANDA broker reviews will tell you that this is a reliable and transparent broker. You can trade with www.
Overall, this is a good Forex broker with a solid reputation.
You can find out for yourself when you read the many OANDA reviews that appear online every other day. Hope you are satisfied with our OANDA Review and we encourage you to give your suggestions to improve our review. Forex Broker Reviews Tagged With: OANDA , OANDA Review , OANDA Scam. Your email address will not be published. Notify me of follow-up comments by email. Notify me of new posts by email. Home About US Contact US. Forex Broker Scam Forex Brokers Scam Reviews.
Forex Broker Reviews Forex Broker Scams Expert Advisor Reviews. Scam or Trusted Forex Broker? By aprkl88 Leave a Comment An interesting feature we noted is that OANDA Forex broker has probably stayed in business more than any other broker we know of today. What are the Unique features of trading with OANDA Forex Broker?
Account types Products offered by OANDA Broker are unique indeed. Your money is secured with their tier 1 banking institutions When you open a live account at OANDA Forex Broker, your money is sent only to the top tier banks like J.
Registered and regulated by several reputable organizations Again, this is to emphasize on security and reliability of OANDA. Platform Offered By OANDA Website The OANDA has the best trading platform you can get in the industry. What are OANDA Bonus and promotions? Beginner support The OANDA company has an office in Singapore, Chicago USA, London UK, Tokyo Japan, and Toronto in Canada.
Is OANDA Forex Broker a Scam? OANDA is not a Scam! Leave a Reply Cancel reply Your email address will not be published.
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