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Oanda review

On-line since: 2001
Country of origin: USA
Regulation: Registerd with Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA ID #0325821)
Payment options: Bank transfer, checks, PayPal
Minimum account size: $1
Minimum lot size: 0.001 lot
Leverage: 1:50
Spreads: Variable, usually 2-2.5 pips on EUR/USD

About the company:

Oanda Company was established in 1995. Oanda uses innovative technologies for providing trading services at Forex market for individual traders and large corporations, from portfolio managers to big financial institutions. 

Oanda Company is a member of Forex international market and a reliable resource of currency rates. The Company has an access to the largest in the world quotation database with the most frequently and filtered renewal of information.

Oanda 9/10 (votes 3891)

Web-site: Oanda

Comments Interested in other brokers?
Author of Oanda: Sans | Date 2017-04-18
For 6 months of trading with Oanda, I learned a lot and experienced to be a better trader. My account number is 4235615 and started out with $100. Everything went fine and even my account manager has been very helpful and professional. The trading conditions were good and never got any requotes. The withdrawal and deposits are fast and I used Bank transfer so it can process quickly. I increased my funds to $550 now and so far my trades are doing better because their platform and charts are fair.
Author of Oanda: Vind | Date 2017-03-15
I joined up with Oanda on the recommendation of another trader. Upon downloading the platform I was having trouble with indicator loading so I contacted the Customer Support. The help I received from the lady at the other end was just superb. I won’t go into all the details but nothing was too hard for her and I have never had such great Customer support. Finally we got things up and running and she offered to come back the next day which she did. I am looking forward now to live trading with Oanda, they’re high on my list and other comments left by traders here seem to agree that this is a good company to deal with.
Author of Oanda: Amy | Date 2016-11-28
This company never has given me any issues with any withdrawal or any of my scalping trading style or the signal providers I use. I highly recommend them. If you are a position trader they are the best out there. Excellent and fair interest rates that reflect actual money market conditions. No better place for carry trades.
Author of Oanda: artzee2011 | Date 2016-09-23
There was a time that my profits were cancelled. When I requested for a refund about the money that I lost, they simply told me to review my trading strategies. According to them, they could not make a refund because I heavily broke the rules. So, I tried to review my trading history and found nothing. I didn't break any rules. This company fabricates lies just to prevent the clients from withdrawals. My profit that time was only $76 and the amount was too small for a big Forex company like them. How could they do that to me?
Author of Oanda: Howie | Date 2016-09-20
I have been using Oanda for the past month after reading many positive reviews of their broker platform and services. The first technical problems, I had with their Java FXTrade platform which suffered from 'connection problems' during trying to close out a winning trade. The charting software isn’t the best that I have used but they also offer MT4 for use. This gave me more problems. Trades would sometimes be executed straight away, other trades were sometimes up to 15 second delays. I had the last withdraw today when trying to trade around news time. Their Java FXTrade was 'lost connection' again when I’ was in a winning trade. Upon logging back into my account, the winning trades appeared to be losses removed from my account. I am sad to say the Oanda is the same as all the other bucket shop outfits out there. I was really hoping that they would be the broker I stick with, goodbye Oanda, I do not recommend Oanda to any trader.
Author of Oanda: Nieve | Date 2016-08-16
They offer a lot of features, which can push them even further, if only the order execution and customer support weren’t at this poor level. They apparently have problems with profit calculations and also with explaining about these calculations.
Author of Oanda: Charles56 | Date 2016-08-01
I don't like this broker. Their support is not helpful. My profits were cancelled with no prior notification and I don't know the reason yet. I don't understand their weird rules.
Author of Oanda: Favbian | Date 2016-07-11
The offer from this broker is very poor. They don´t solve customers problems immediately, sometimes you must wait for 2 or 3 days. It is horrible!
Author of Oanda: Victor_36 | Date 2016-06-27
I think this broker is a good one, very easy to trade with them, especially for low spreads. Execution of trades is fast too and using the trading platform is not difficult.
Author of Oanda: tranoto | Date 2016-06-14
I closed my account two weeks ago because this company cancelled all my profits. I found no reason to stay with them since they never listened to me.
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