On the downside, the look and feel of the application are a little dated, and some functions can be clunky. U.S. clients have the option to participate in OANDA’s Advanced Trader program which is a four-tiered reward system and premium account for high-volume traders. Benefits include spread or commission discounts, assignment to a „dedicated relationship manager,“ API support, free VPS and wire transfers, and discounted access to third-party platforms. We are a fully regulated forex broker, with offices in nine regions globally. We support regulatory oversight of the retail trading industry and the protection of our clients. Overall, I am super impressed with so many aspects of OANDA and the brilliant range of trading products and services that they provide to USA forex traders.

If you’re confident you’ll be an active trader anyway, there’s no need to worry about the inactivity fee. In terms of desktop platform, OANDA has a better layout since it’s more user-friendly for new traders. OANDA’s MarketPulse has a selection of articles in various categories, including trading strategies and technical analysis. OANDA has a MarketPulse site offering market news, high-quality research, and analysis content. TradingView users are pleased that they don’t have to adjust to a new charting platform when trading with OANDA. Another useful feature that OANDA has is its integration with TradingView.

OANDA Corporation Customer Service

You can view an average, minimum and maximum spread calculated over 15-minute time intervals. The main reason I like this tool is you can check to see if the spreads are suitable at certain times you plan on trading. I use scalping systems so the tool can help me to identify hours when the spreads are lowest. OANDA asserts that it is the sole execution venue for all its clients’ orders.

• The broker is regulated by 8 top-tier entities, including the U.S., UK, Australia, Canada and Japan.
• A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
• OANDA Corporation caters to American traders, which means no CFDs.
• In the European session, EUR/USD is trading at 1.0940, down 0.27%.
• While most online brokerages offer some form of educational support, we like to dig deeper.

Please check the relevant deposit funds section for more details on how to fund your account. Forex trading is the buying or selling of one country’s currency in exchange for another. Earn cash rebates from US$5 to US$17 per million with our Elite Trader program. Designed exclusively for our high volume traders, this is the program that gives you more, the more you trade. Discover the difference between our account types and the range of benefits, including institution-grade execution.

Recall that OANDA Corporation’s range of markets is only available for spot trading (not CFDs) in the U.S. due to CFTC/NFA regulations. We also appreciate that OANDA allows you to input exact orders for some platforms (vs ordering by lots). A lot is considered 100,000 units, so with OANDA Trade, you enter your trade size in units, the minimum of which is 1 unit, equivalent to 1 EUR/USD. With MT4, the minimum trade size is 0.01 lots (equal to 1000 units on OANDATrade), and it increases from there. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site.

However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. With this, traders can speculate on greater market depth, an integrated economic calendar, one-click trading, advanced analysis tools, and greater charting functionality. 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. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading.

Users appreciate how OANDA’s customer support entertained questions even before account opening. Some of its trading tools include customizable watchlist, price alerts, limit orders, and stop loss levels. This makes the Elite Trader account best for traders with large accounts while the Standard account may cater more to beginner traders. Since I started using their services, I’ve received nothing but a stellar service from them, you can tell that they are a broker with your interest at heart. The first time they blamed it on Tradingview the second time I did not even ask cuz I knew I would be wasting my time.

Fully automated trading platforms, mobile and tablet apps

In addition, OANDA has a decent offering of client education, alongside excellent research. With the sheer pace of the financial markets traders have been looking to experts more oanda broker than ever for their advice, predictions, and insights into the markets behavior. The only downside is that everything can be a bit scattered and semi-difficult to locate.

Platform Overview

With more advanced trading tools, improved charting capabilities, and the depth of market available as a plug-in, MetaTrader 5 is now featured on the Oanda platform. Users can speculate on quickly changing forex pricing with fast execution features, no re-quotes and tight spreads from 0.00 pip’s. There is also a commission plus raw-spread model available for traders who meet the right criteria, which can work out cheaper than standard spreads.

However, its investment offerings change slightly depending on the entities regulating the account. Thus, from a technical standpoint, OANDA is primarily best for forex traders. Rates, terms, products and services on third-party websites are subject to change without notice.

I actually think most of you will find the platforms to have more than enough built-in and third-party tools available but it is great to see we get access to some premium tools at no extra cost. You can access a fantastic range of powerful analysis tools to identify potential opportunities and build a stronger trading strategy. For those of you looking for some of the best trading conditions possible, you can benefit from the speed and raw processing power of the CQG FX platform. The OANDA API combines robust trading technology with quality execution so you can leverage CQG’s robust market data, analytics and electronic trade routing tools. It comes with standard and advanced server-side orders available (market, stop, limit, OCO, bracket, stop-limit, trailing stop and trailing limit).

What is OANDA?

Globally popular for forex trading, the platform boasts an intuitive interface, excellent charting features, a customisable order book and an overall user-friendly trading experience. For a start, OANDA Trade competes with the top proprietary platforms in the market with a user-friendly interface, quality market research and excellent charting features for advanced technical analysis. You can also try out a demo account for free if you’re not ready to commit. A demo account affords access to all of OANDA’s main trading platforms, which you can try out using USD 100 thousand in virtual currency.

68 currency pairs – 10 majors and 58 minors – is nothing to sniff at, but it’s not as comprehensive as some other forex-heavy brokerages. Even more than custom interfaces, we really, really like OANDA Trade’s risk management tools. Most online brokers don’t offer a guaranteed stop-loss order, but OANDA Corporation does. We like that OANDA Trade manages to find a balance between ‘accessible’ and ‘custom’. New traders won’t struggle to perform basic tasks, while more experienced traders will enjoy creating a custom interface.

UTIX Review Blockchain-Powered e-Ticketing Platform

The Canadian currency is poised to post a third straight winning week against the greenback and soared 2.25% in November. It is a busy Friday, with Canada releasing the employment report, the US publishing the ISM… Lastly, Oanda’s product portfolio is limited to forex and CFDs, but if this is you then you might be on the money. While this is all quite substantial stuff, none of it has really affected the markets.