Forex broker OANDA was established in Delaware, USA, in 1996. Since then, OANDA have obtained numerous awards from around the world. The accomplishments was reached due to OANDA drive in leading forex tradeing innovation and improving service competitiveness.
Broker name: OANDA
Broker type: Market Maker, 5-digit accuracy
Online address: oanda[dot]com
Company: OANDA Corporation
Headquarter: San Fransisco, USA
- OANDA Corporation is registered in CFTC dan NFA Amerika Serikat (NFA#0325821)
- OANDA Asia Pacific Pte. Ltd. is regulated in Singapore (CMS Licence No: CMS100122-4) and holds Commodity Brokers Licence No: OAP/CBL/2012
- OANDA (Canada) Corporation ULC is regulated in Canada by the Investment Industry Regulatory Organization of Canada (IIROC).
- OANDA Europe Limited holds license from UK FCA (#542574)
- OANDA Japan Inc holds a Type 1 Financial Instruments license from the JFSA and is a member of the Financial Futures Association of Japan #1571.
- OANDA Australia Pty Ltd is regulated in Australia by the ASIC (ABN 26 152 088 349, AFSL No. 412981)
Instrument: 59 pairs of forex, 23 pairs of metal, commodity and indices CFD
Minimum initial deposit: 1 USD
Leverage: up to 1:50
Lot: unlimited, could be as small or as much as trader wish
Swap-free account: unavailable
Zero spread account: unavailable
Trading platform: MT4, fxTrade platform
Hedging: allowed with the assistance of a sub-account
Expert advisor: allowed
Deposit and withdrawal: Paypal, wire transfer, debit/credit card
Expert analysis: yes
Educational content: yes
Clients community: yes
Affiliate program: unavailable
Support: 24/5 available
Website language: English, Japanese, Chinese
OANDA was established in Delaware, USA, in 1996. Since then, OANDA have obtained numerous awards from around the world. The accomplishments was reached due to the company's drive in leading forex trading innovation and improving service competitiveness.
A Sample of OANDA fxTrade Platform Appearance
OANDA is mainly famous for its strong regulation base. As mentioned above, OANDA holds licenses from many jurisdictions, including USA, UK, and Australia, that are well-known for their stringent standard requirements. However, this privilege has made them lose the flexibility that other brokers have. In regard of leverage for one, OANDA could not allow more than 1:50 because US and Japan forbid it. At the same time, registration procedure became more complex and the use of controversial strategies are restricted. This is also the reason why straight out hedging might not be done in OANDA.
Even so, OANDA is one of the pioneers of international forex brokerages. Its unique proprietary platform, fxTrade, and the tools it provided in its website are very popular even among non-traders. Another plus for OANDA is its technical analysis that is provided in conjunction with Autochartist. OANDA Technical Analysis monitor price movements non-stop, automatically recognize chart patterns, and sends alerts when the desired patterns appear. Access to this technology could be enjoyed for free by all OANDA clients.
In short, forex broker OANDA is suitable for traders with deep pockets, more so if they wish for extra guarantee from regulators and base their analysis on technical methods. Beginners with low funds could train freely using its demo account. However, newbies might need more flexibility in terms of leverage and other strategies.