Oanda

Oanda is an international Forex and CFD broker with multiple offices across the world. The Broker is regulated by CFTC, NFA and FCA. Oanda Canada is regulated by the investment industry Regulatory Organization of Canada (IIROC) and clients’ funds are secured by the Canada investor Protection.

Oanda Review

Broker TypeMarket Maker
Office LocationsUnited States
United Kingdom
Canada
Australia
Japan
RegulationNFA
CFTC
FCA
FSA
Trading PlatformsMetaTrader 4
Oanda Platform
Web Trader
Minimum DepositNone

Oanda Trading Conditions

Oandaforex broker offers competitive variable spreads for EURUSD- 1.0, USDJPY-1.3, GBPUSD 1.9, and AUDUSD 1.3 and so on. The spreads are moderate, but are higher when compared to spreads offered by Proforex. There is no minimum trade size. Minimum stop Level is 10% and there is no minimum deposit requirement. Clients can deposit what is comfortable enough to open a trade.

The broker gives 50:1 and 20:1 for traders in the United States. If you are looking for higher leverage, you should consider other brokers, especially offshore brokers. The broker allows the use of Expert Advisor,  but does not allow scalping or hardcore hedging.

 

Oanda Trading account types

There is only one type of live account from this broker. With this account you can enjoy all the benefits of trading with this Forex broker. There is no minimum amount to open an account with this broker. There is also the Demo account on the broker’s platform where you can learn how to trade without risking your own money.

 

Oandaforex Payment methods

Check, paypal, wire transfer, Debit/Credit Cards.

oanda awards

 

 

 

Is Oanda a Scam broker?

We have not traded with this Forex broker, but you can do well to ask other traders on forex forums if possible. There are bad and good reviews on other websites about this broker, but their authenticity cannot be verified. We suggest you start with a small capital and conduct your due diligence.

 

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