Statistics of Oanda votes

Oanda reviews

Oanda_logo Oanda 7/10 (votes 12617)

On-line since: 1997
Country of origin: USA
Regulation: Registerd with Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA ID #0325821)
Payment options: Check, Credit/debit cards ,PayPal, Wire transfer
Minimum account size: $1
Minimum lot size: 0.00001 lot
Leverage: 1:50
Spreads: 1.2 pips on EUR/USD

About company:

Oanda is the brokerage company that was founded in 1995. It provides innovative trading technologies on the forex market. By opening an account with Oanda, traders are offered access to currency and CFD operations, and also get a possibility to make use of the instruments that can boost their trading profit.

One of these instruments is a modern trading platform Oanda with the function of in-depth technical analysis, detailed and understandable charting, and access to information about currency and CFD markets.

The broker’s clients are individual traders, investors, large companies and corporations.

Oanda is a licensed participant of the forex market. The company has access to the world’s largest quotes archive. It also provides reliable information that is regularly updated.

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Comments about broker

Prichard trader
review Oanda
19-06-17

Please stay away this broker – Oanda, because this is a real THIEF. Thus, I lost lots of money by many ways of cheating at this broker, so I would like to tell you about my bad experience when I traded with this broker. I joined Oanda 2 years ago, and I had account with this broker. In the beginning, I deposited 150$, and I earned profit with 100$. Hence, I put more money in my account with 600$. Luckily, I also earn profit – 450$, so I decided to withdraw my money. However, this broker makes my withdrawal more complicated, so I can’t get money. I called their support many times, and their support always gave me the same answer that they would solve my matter in soon. It has been 2 months, but I haven’t received money yet. Thus, this broker was not honest and they are cheating. Their customer support is unprofessional because they did not try to help me with my issue. Sum up, I certainly would not recommend Oanda to my friends, because this broker is a scammer.

Mikel trader
review Oanda
30-05-17

I am trading regularly with this company and consider it as a good broker. I tried out all its services and provide a wide range of them. I didn’t have to think too much when I had to open a trading account as they only provide one type and it has good terms. Execution of orders, especially TP and SL, is fast and prices provided are very transparent, like the way this company works. No matter if there is high volatility in the market, the trading platform always works well. Low spreads are perfect to make earnings; I trade with EURUSD from 1 to 1.5 pips. I made withdrawals monthly by Paypal without any issue.

paul trader
review Oanda
16-05-17

I had been trading with Oanda since December 2016 and in my opinion this is an average broker. Oanda trading platform is not good to use especially on news event because of the execution that delayed 3-5 seconds will give you disadvantage during that time and if your analysis is not good it will lead to loses. Oanda book ordered being popular among traders but sometimes I just feel like it just a trap for trader if they follow the book orders without any trading plan. They also late in processing my withdrawal that need 5 days for them to complete the transaction. Overall be careful when choosing this broker.

Mike trader
review Oanda
26-04-17

Oanda is an average broker, with no great services to offer, unfortunately their platform do not support EAs, and leverage is low in my point of view. I made a small deposit of $60 and could see spreads can vary and be too wide, be careful especially if you are a newbie. My overall impression is that you have to be very careful or you may end up having losses.

LilFrosh trader
review Oanda
28-03-17

I have been trading oanda about 4 months, Yesterday when they saw some my profitable trade they canceled all of my profit within 4 hours. But the market moves slowly but surely. In that time my balance was $350.45 without any profit. I think that they are market maker broker so they actively trade against their customers. Many times I have lost my MT4 platform's connection too. I tried a dozen of withdrawal via Neteller account but I was failures. really oanda doesn't care their customer.So I wanted to move others.

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