Oanda
2.4/5

Oanda

✔ Outstanding research tools ✔ User-friendly account opening
Visit site
Risk Warning
76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Home » Oanda

Oanda is a US-based broker that was founded in 1995. It is a forex and CFD broker that has a global presence because of its impeccable trading services. Rest assured that Oanda is a safe broker for your trading activities since the broker has high-end authorities supervising its activities.

Pros
  • User-friendly trading platform and account opening procedure.
  • Excellent research resources.
  • Amazing mobile trading app with fast trade execution speed.
  • Free transactions.
  • Low trading fees.
Cons
  • Customer service is available five days a week.
  • Charges a $13 monthly inactivity fee should your trading account remain dormant for over 12 months.
Oanda
Oanda
Oanda
Oanda
Oanda
Oanda
Oanda
Oanda

Oanda – Who Are They?

Oanda is one of the best forex and CFD brokers with global recognition. This means that it is regulated by multiple authorities, including the  Investment Industry Regulatory Organization of Canada (IIROC), and more.

If you are new to Oanda, opening a trading account is quick and straightforward. This means that you will complete the account opening process in a few minutes and have it verified in a few hours before you jump into the financial markets. 

Other than the proprietary platform, Oanda supports the MT4 platform that has an intuitive design. You will also enjoy advanced MT4 premium tools that will improve your overall trading experience. 

Oanda review

Thousands of tradable assets are available on Oanda’s modern-design trading platforms. In addition, the broker supports traders with excellent research materials, including over 50 technical indicators, charting packages, and drawing tools. This allows you to enter the financial markets confidently and come out with an excellent analysis for your trade. 

The trading fees on Oanda are low, with spreads starting from 1 pip on EUR/USD. Non-trading charges such as transaction and inactivity fees are also low, making Oanda a primary choice for budget-conscious clients. Additionally, Oanda does not have a minimum deposit requirement, allowing you to start trading with as little as you can afford. 

Compare Oanda With Other Brokers

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oanda logo
Visit site
Risk Warning
76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read Review
No
Bank Wire Transfer, Credit cards, Neteller, Skrill, Paypal
0.6 pips – 1.6 pips
0.2 pips
No
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MetaTrader 4, Oanda Api, TradingView
IIROC, FSG
Yes
Yes, up to $50,000
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70
31
No
No
eToro logo
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Risk Warning
76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
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$200
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0.1%
0.1%
From 1.5%
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From 2 pips
eToro Proprietary Platform
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Yes
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Risk Warning
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
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$100
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Spreads apply*
Spreads apply*
Spreads apply*
Spreads apply*
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Plus500 Webtrader
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4 (CFDs only)
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9 (CFDs only)
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Risk Warning
69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
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0.11%
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From 0.3 pips
MetaTrader 4
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Our Opinion About Oanda

Our review on Oanda reveals that the broker is generally user-friendly for trading forex and CFDs on indices and commodities. Therefore, if you want to trade real assets like stocks, cryptocurrencies, bonds, and more, you may want to reconsider another option. 

Oanda supports the MT4 platform, which works exceptionally well on both web and mobile devices. Forex trading on this broker provides access to over 45 currency pairs, which are adequate for traders looking for various currencies to trade with.  

The MT4 platform has fantastic trading tools and learning resources. This means that learning has now been made easy, and traders should take advantage of such opportunities. You can also learn forex and CFD trading using its demo account that is fully loaded with virtual funds to get you trading for free.

Another impressive feature about Oanda is its customer support. Although it is only reachable five days a week, it is very reliable and provides relevant solutions to any trading issues that you may encounter. Feel free to contact them via email, phone, and live chat. 

Thadeus Geodfrey
Thadeus Geodfrey

is a copywriter with extensive experience in trading. Thadeus knows exactly his field and what he writes about. His goal is to make life easier for traders and provide them with important information about brokers. Now, he continues to be active in trading and researching brokers for you.

There is no need to doubt his experience because the guides Thadeus writes speak for themselves. He knows exactly what to draw your attention to and will tell you truthfully about each trading platform.

Oanda Details

Licences
OnlineTrading.Reviews Rating:
✔Outstanding research tools
✔User-friendly account opening
Visit site
Risk Warning
76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
5.0
Customer support
4.0
Commissions & Fees
5.0
Platform & Tools
5.0
Research
4.8 Overall Rating

3 Replies to “Oanda”

  • Trader says:

    I have started trading for 10 months and they pay my earning

  • Noah May says:

    The key measurement for me is a risk. My funds are safe with this broker. l know for certain that Oanda offers the tightest regulation and compliance. My personal choice would be to stick with Oanda, l find the other brokers have shady elements to them.

  • anon says:

    For all traders! I am kindly bringing your attention to this broker! I have been using Oanda for the past 3,5 years, I have not had any issues with them. They impose transparent, fair and honest working conditions with clients. I made a huge profits!

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