If you are looking for currency pairings that you cannot find elsewhere, then OANDA may be the one for you. clients, but limits their trading to forex. Along the way, OANDA has garnered many industry awards, such as “Best Customer Service” and “Best Mobile Platform” in 2015. It serves its ever-expanding global customer base with subsidiaries in the U.S., the UK, Japan, Singapore, and Australia, in addition to its headquarters in Toronto, Canada, and complies with regulatory oversight in each of its office jurisdictions. Through its now global consortium of forex-related corporations, it provides not only retail forex trading, but also basic rate quote streaming services, money transfer processing, hedge consulting, and a host of other related forex-business services. The firm, established in 1996, was one of the original pioneers that toiled to make retail forex trading a reality for the general public and quickly leveraged its early successes to become an industry powerhouse. You will be hard pressed to find a more highly respected forex broker in the market than is OANDA in the forex industry. And given that Oanda offers a full-featured demo account which is completely free to create, Oanda is well worth a try for both new and more experienced traders. With favourable trading conditions, a very user-friendly proprietary trading platform, and plenty of experience in doing what they do, Oanda is an easy choice. Overall, if you are looking for an exciting broker who has a well-established presence in the online trading space, you could do a lot worse than giving Oanda a try. In that case, full access is provided to the MetaTrader 4 family of products, which come with all the benefits you are well familiar with. Suppose you would prefer to stick with a more familiar platform rather than Oanda’s fxTrade platform. Trading is delivered primarily through a proprietary trading platform, which was actually amongst the first fully automated, online retail forex trading platforms when it was first introduced. Execution speeds are generally quite fast, and you won’t notice any slowdown compared to other trading platforms. ![]() Leveraged trading is possible on the Oanda platform and is pegged to the standard rates of 50:1 on major currency pairs and 20:1 on exotic pairs. The exact spreads you get offered, however, will change over time and will depend on the asset class you are hoping to trade. The trading conditions on offer are generally quite favourable, and the spreads are for the most part competitive, with forex spreads as low as 1 pip on certain currency pairs. Additionally, Oanda also provide access to a wide range of CFDs on metals, commodities, bonds, and stock indices. Those of you looking to trade forex CFDs will be particularly well looked after, with Oanda offering over 60 major, minor, and exotic currency pairs to choose from. Whilst not quite as extensive as other similarly sized platforms, they nevertheless have a solid spread of asset classes. When it comes to actually trading on the Oanda platform, the selection of instruments on offer is pretty decent. Currently, they have offices across Asia, North America, and Europe. Since being founded in 1996, they have gone on to establish a global network of offices with a truly international client base. One of the things that really helps to distinguish Oanda is how global they are. Through a global network of CFD and forex-related companies, Oanda has experienced rapid growth in theīut what makes Oanda such a popular choice for both new and old traders, and what makes Oanda stand out from the competition? Although competing in an increasingly competitive market, Oanda has managed to continue to attract new customers to their platform. Good trading conditions with fast execution speedsĮstablished in 1996, and with two decades of experience under their belt, Oanda is one of the more established and well respected online brokerages. ![]() Access provided to proprietary trading platform
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