OANDA is one of the early pioneers of online forex brokers , established in the mid s. The company is said to be founded by Dr Michael Stumm and Dr. When the online trading platform FXTrade was launched in , it was the first fully automated forex trading platform. The MT4 trading platform is highly regarded by the online trading community for its advanced features and sophistication trading tools. Because it is web based, traders can access the platform from anywhere in the world as long as they have an internet connection.
Both these versions of trading platform are also available as mobile versions for mobile devices. OANDA does not distinguish between different types of traders.
Trades of any sizes are permitted without any minimum lot size requirement. Instead what traders pay is a spread based on real-time market values. Depending on the currency traded, spreads starts from as low as 1. Spreads for indices are even lower, starting from as low as 0.
Traders are cautioned that during times of high volatility, the spreads tend to widened. The customer service representative can contacted by means of live chat, email fax or telephone. To maintain the integrity and reliability of their operations, OANDA ensure that it meets all the required regulatory requirements for an online forex broker.
With features such as real time pricing, automated trading capability and no minimum deposit requirement and trade sizes, it is easy to see why OANDA is popular among many traders. Not sure why so many small brokers rate higher. Oanda offers all that they do plus the comfort of knowing your money is safe in this well capitalized broker. This is crucial in uncertain times Yes, they are a market maker which causes them to have high spreads at times but someone has to do it!
They help you even if you did not do your deposit yet. Other brokers talk a lot but does not help you before you dep. Other brokers push you and tel you a lot of stories, when you deposit your money, There support fades. Oanda help you, and does not push you. They give you space, you are never under presure to do your deposit. They look after you even if you did not sighn up whith them yet. The other brockers, wil help you till a point and then they demand more money othewise they cant help you any more.
All the brockers that give you a welkome bonus, be aware. I use Oanda for 3 to 4 years. Own app from browser manual limited functions is very very good and speedy. They delay the orders, stop losses, etc Its all about your money Not for serious traders with serious money. It is not the unique Easy to get the money from Paypal and to Paypal. Account Type Info Min. Not too many brokers ou there that are reliable so to start with I am happy with this. Don't miss a thing! Discover what's moving the markets sign up for a daily update delivered to your inbox.
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