Oanda is a global Forex broker with offices around the world. The broker is regulated in such countries as the United States, the United Kingdom, Australia, Japan and Singapore. Oanda provides popular MetaTrader4 platform as well as its own solutions fxTrade – desktop application and fxTrade Mobile – a platform to trade on mobile devices. Broker offers a relatively low variable spreads with no commission. Oanda is especially good for novice Forex traders, as the broker’s account can be opened with any capital, and transactions can take place even at one unit of the base currency.
Oanda – Safety of Funds
- Oanda is regulated by CFTC, NFA from the United States, european branch OANDA Europe Limited is authorised and regulated by FCA from the United Kingdom, other branches are also regulated
- broker is operating for many years in many countries and is regulated by reputable institutions
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Risk Warning: Forex and CFDs come with a high risk of losing money rapidly due to leverage. Most of retail investors lose money when trading on Forex market. You should consider whether you understand how Forex and CFDs work and whether you can afford to take the high risk of losing your money.
Basic information about Oanda | |
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Website | www.oanda.com |
Founded | 1995 |
Country | USA, Canada, Singapore, Australia, Japan, United Kingdom |
Regulations | CFTC, NFA (USA), IIROC (Canada), FCA (UK), MAS (Singapore), ASIC (Australia), FSA (Japan) |
Scalping | yes |
Hedging | yes |
Deposit and withdrawal methods | Bank Wire Transfer, Credit Card, PayPal |
Website languages | English, Chinese, French, German, Italian, Japanese, Portuguese, Russian, Spanish |
US clients | yes |
Islamic account | no |
Demo account | yes |
Types of Oanda accounts | |
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Name | |
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Maximum leverage | |
Minimum position | |
Account currencies | GBP, HKD, JPY, SGD, USD |
Platforms | |
Spread | |
EUR/USD | |
USD/JPY | |
GBP/USD | |
Commission |
Trading instruments (CFDs) | |||
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Currency pairs | 65+ | Precious metals | |
Stocks | Energies | ||
Indices | 15 | Soft commodities | 4 |
Bonds | 5+ | Cryptocurrencies |
Promotions | |
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