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Oanda Review | A review by AnalystFX

Oanda Review

Oanda Review

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At a Glance:

Country of origin: Australia

Founded in: 1997

Regulation: CFTC, FCA, FSA

Minimum Deposit: $1

Min. lot size: 0.00001 lot

Max. Leverage: 1:50

Spreads: 1.2 pips

 

About Oanda

Oanda is one of the original online FX dealers on the Internet. It is one of the largest as well, as the firm has a long running base of clients from around the world. The broker has many pairs that you will not find at other shops, including the Chinese Yuan and Indian Rupee. Because of this, you will find that the broker offers a little bit for everyone.

Oanda Review Table:

Broker Information

Trading Information

Legal NameOandaPlatform TypeMetaTrader 4

Oanda Platform

Web Trading

Broker TypeSTPPlatform LanguagesMulti-lingual
Websitehttp://www.oanda.com/forex-tradingOS CompatibilityMac OS , iOS , Windows , Android
HeadquartersCanadaSocial TradingYes
Founded in1997Trading SignalsNo
RegulatorsCFTC, FCA, FSAAutomated TradingYes
US ClientsYesTrade From ChartsYes
Contact Number+ +65 6579 8289Binary Option TradingYes
Email:frontdesk@oanda.comE-mail AlertsNo

Account Information

Mobile AlertsNo
Minimum account size$1Trailing StopsYes
Maximum account sizeGuaranteed Stop LossNo
Minimum position size0.00001 lotGuaranteed Limit OrdersNo
Spread type

 

FixedGuaranteed FillsNo
Spread on EUR/USD 1.2 pipsScalpingAllowed
Leverage up to1:50HedgingAllowed
Trading instrumentsCurrency, GoldExpert advisorsAllowed
Trading platformsMetaTrader 4Interest on MarginNo
Digits after dot5One-Click ExecutionYes
Margin call levelOCO OrdersNo
Stop-out level

Deposit and Withdraw

Minimum distance to stop/limit orders,3Deposit MethodBank Wire Transfer , Cheque , Credit Card , PayPal
Number of currency pairs38Withdraw MethodBank Wire Transfer , Cheque , Credit Card
Mini AccountNoDeposit TimeInstant
VIP AccountNoAverage Withdraw Time
SWAP free AccountYes

Customer Service

Segregated AccountYes24 Hours SupportNo
Institutional AccountsNoCustomer Support LanguagesEnglish, Spanish, German, Russian, French, Chinese, Japanese, Korean

Support Services

Phone SupportYes
Managed AccountsYesLive Chat SupportYes
Market NewsNo

Bonus & Promotion

Market UpdateYesNo Deposit BonusNo
Educational ProgramYesDeposit BonusNo

 

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