Oanda Review
Overview
Oanda was founded in the mid of 90s, by Dr. Michael Stumm, professor of Computer Engineering at the University of Toronto and Dr. Richard Olsen of the Olsen Ltd. In 2001 Oanda entered the forex trading platform, by launching first fully automated online currency trading platform – FXTrade.
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| Broker | Oanda |
|---|---|
| Website URL | www.oanda.com |
| Founded | 1995 |
| Headquarters | USA |
| Languages | English, Chinese, German, Japanese, Spanish |
| Trading Platform | fxTrade |
| Minimum 1st Deposit | $1 |
| Minimum Trade Amount | 0.01 lots |
| Leverage | 1:50 |
| Spread | Variable, from 0.8 pips |
| Free Demo Account |  |
| Regulated |
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| Regulation | CFTC, NFA , MAS, FSA, IIROC, DFSA |
| Account Types | Account Details: minimum deposit: $1 minimum contract size: $1 max leverage: 1:50 |
| US Traders Allowed |
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| Mobile Trading |
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| Overall Score | 4.0 |
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Full Review
Oanda is one of the largest forex trading firms, that has clients all over the world. Oanda offers a multi-faced financial services provider that serves not only as a Forex broker, hedging and actual currency conversions.
Trading Platform
Oanda’s main trading platform is their own built FXtrade that offers a demo for a limited time. Oanda doesn’t provide MetaTrader 4 on registration but after trader inquire the forex broker supplies Metatrader platform.
Features
The forex broker offers some excellent features – desktop trading application, Oanda allows traders to mark indicators on their trading charts so that they can easily track your Forex currency pairs to determine your next move.Oanda offers currency converter in more than 10 languages and FXLabs, where traders can test Oanda’s new tools. Oanda provides and FXManager platform for brokers, and the FXContest platform that allows users to compare their performance to the relative successes of other users.
Customer Service
Oanda’s customer and support teams are professional that will answer all you questions 24/5. The broker offers well-build help center with useful forex trading videos, articles, forex courses and etc., suitable for all traders.
You can connect with Oanda vie email, live chat and phone call.
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