I crosschecked rates at other brokers chart.
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After the third time I pulled my funds.
You may look up real-time spread of 15 leading brokers here. If you need higher leverage, you can pick a broker, who offers leverage ratios of 1: We advise traders to exercise caution when using higher leverage levels, for such rates may not only multiply their earnings on a small deposit, but also lead to heavy losses in excess of the initial investments made.
Trading Platforms Oanda provides its clients with a choice of threetrading platforms: It has a simple, yet effective interface, and what is more important — superb execution speed. Furthermore, fxTrade is equipped with intuitive and powerful charting features, multiple sub-accounts to test different trading strategies and financial news and market analysis from leading news providers.
We presume that fxTrade is aimed mostly at new traders, since it has all the usual functionalities, but more advanced features are missing. Advanced charts and technical analysis, indicators, various order types, customization options, and auto trading options. If you are looking for currency pairings that you cannot find elsewhere, then OANDA may be the one for you. They offer over 60 major, minor, and exotic forex pairs to choose from, along with CFDs for precious metals, commodities, bonds, and stock indices.
If your country does not recognize CFDs as tradable instruments, then you may not be able to access them, but you will still have excess to an extensive library of educational materials, videos, and streaming webinars, fit for all levels of trader. There is no escalating benefit structure tied to your account balance. OANDA does not discriminate in that manner. It has one standard account category, supplemented with a free demo for practice trading.
You do have two options when it comes to trading platforms. Mobile trading is also supported for each platform protocol choice. Customer service personnel and support materials rank on the highest end of the scale, and peace of mind is assured by consistent regulatory compliance across the globe with several key oversight agencies.
All client deposits are also maintained separately in Top-Tier bank accounts and subject to various national investor protection schemes. OANDA has it all and then some. Features Why trade with Oanda. The firm lists these reasons: Every trader should plan to use more than one broker — please diversify! So it does not surprise me that OANDA servers "conveniently" crashes when the market moves rapidly; and it does not surprise me that OANDA suddenly limited allowable daily transfers to 20 from one account to the other; and it does not surprise me that they hunt traders' stops — believe me, every other broker does that.
Your job is to protect your investment; if you don't have solid plans to protect your trades, then get out of forex trading. OANDA is a very good and professional broker and "market maker". They give you the tools to make money, but if you don't protect yourself, they will not hesitate to profit from your loss — and I think that's what every other broker does.
Wednesday, December 16, I have been with Oanda for about a year. Oanda is a market maker so they actively trade against there customers. They actively hunt stop losses. Oanda's trading platform freezes often. I have lost my connection to my trading account while trading and they told me that I was having internet connectivity problems even though I could get to other web sites and log in to my email without a problem.
They also did not know that I used to be a network administrator before telling me that I was having internet connectivity problems. Oanda is a highly manipulated environment. The correct term for this type of broker is a "Bucket Shop" ECN brokers are the most free market breed of broker.
They do not have a dealing desk that can be manipulated. ECN brokers want you to be successful because they make money when you make money. Oanda makes money when you loose. As time moves forward traders will opt for ECN brokers and market makers will go bust. Your review will be checked by a moderator and published on this page. By submitting a Forex Broker review to EarnForex.
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OANDA offers forex & CFDs trading and related services to both retail and institutional customers. The broker is a market maker, having one of the largest currency databases in the world. Its product portfolio includes more than 90 currencies and precious metal pairs, as well as CFD products including commodities, stock indices and bonds.
Jan 11, · Oanda`s normal OHLC chart showed that price stopped at , still a good 11 pips away from my stoploss, but if you add Oanda`s Low Bid price overlay to the chart you`ll find out that this particular Low Bid price suddenly reached and Oanda`s helpdesk told me that this was their true bid price. When the online trading platform FXTrade was launched in , it was the first fully automated forex trading platform. Since then, OANDA have grown by leaps and bounds to handle more than a million queries a day.
The flagship of the OANDA enterprise is its proprietary trading platform, “fxTrade”. It takes the honor of being the first online, retail forex trading platform to hit the market. From , fxTrade has been continually upgraded and . I'm from the United States and looking for a good broker, Oanda is looking really good right now but also considering ATC Brokers. Any suggestions? jump to content Is Oanda a good brokerage? i use forex broker inc and FX choice, they are great brokers. Fx choice has tight spreads. permalink; embed;.
Summary: OANDA is a very good and professional broker and "market maker". They give you the tools to make money, but if you don't protect yourself, they will not hesitate to profit from your loss — and I think that's what every other broker does/10(5). OANDA offers Internet-based forex trading and currency information services to both retail and institutional customers. The broker is a market maker, having one of the largest currency databases in the world.