- Types of accounts
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OANDA is a financial services technology Corporation founded back in 1996 in the United States. OANDA was one of the first companies to provide online currency exchange services. In recent years, the broker has really grown to a global Corporation with offices in 8 financial centers (USA, Canada, UK, Germany, Japan, Singapore, Australia and India). OANDA serves clients from 200 countries and is regulated by 6 financial authorities.
The broker's reliability and trust are also confirmed by the world's leading brands that choose OANDA as their partner, including the world's largest organizations Google, TESLA, FedEx, Twitter, Expedia and others.
OANDA Corporation, which is divided by geographical region and covers the markets of the United States, Canada, Europe, Asia and Australia, is strictly regulated by the financial authorities in each of the regions represented. Of course, the regulatory regime and requirements in each jurisdiction are slightly different, but in General they have the same goal – to protect customers and make the market offer transparent.
The OANDA group of companies is represented on the market by the following ORGANIZATIONS:
- OANDA Corporation is authorized to CFTC (USA) and is a member of NFA (USA);
- OANDA Europe Limited is controlled by the FCA (UK);
- OANDA Australia Pty Ltd is regulated by ASIC (Australia);
- OANDA (Canada) Corporation ULC is licensed by IIROC (Canada);
- OANDA Asia Pacific Pte Ltd is controlled by MAS (Singapore);
- OANDA Japan Co. Ltd is regulated by the FFAJ (Japan).
All customer funds are held in top-level Bank accounts and are completely segregated, as well as they are protected from negative balance.
The maximum allowed leverage is determined by the regulatory authorities in each geographical region. The US regulator limits leverage to 1:50 for Forex instruments, the recent European ESMA regulation has limited leverage to 1:30, and Australian clients can still apply leverage up to 1:400.
OANDA trading accounts
The OANDA broker does not have divisions between account types, it provides a single standard account. However, customers with a Deposit of 50 thousand dollars or more receive individual prices and narrower spreads.
The main trading platform is the proprietary OANDA Trade software. This is a simple platform with a convenient interface and good functionality, which has won many awards and positive feedback from traders. The OANDA PLATFORM supports web trading, desktop trading, and mobile trading applications.
However, if you prefer MetaTrader 4, this platform is supported by the OANDA broker. This platform supports expert Advisor trading, hedging, and the ability to install MT4 templates for technical analysis.
OANDA's trading offer consists of more than 100 instruments, including currency pairs, commodities, indices, bonds and metals, with no minimum Deposit requirements or transaction size, no additional fees, and fees based only on the spread, which is actually quite competitive.
The lack of a minimum Deposit, transparent pricing, technical optimization and a variety of tools make OANDA broker popular among the community of traders. And the fact that the company is represented all over the world and cooperates with major financial regulators adds another advantage to OANDA.
However, it is important for us to know your opinion about this broker and its terms and conditions, as well as you can read the reviews of OANDA and see our rating of Forex brokers.
- Year of foundation 1996
- Head Office address 10 Times Square, New York, NY 10018
- Maximum leverage 1:400
- Min. deposit $0
- Regulation FCA, CFTC, NFA, ASIC
- Trading Platforms
- Payment systems for input Bank Transfers, Debit/Credit Cards , PayPal, Chine UnionPay
- Payment systems for withdrawal Bank Transfers, Debit/Credit Cards , PayPal, Chine UnionPay
- Number of trading instruments 70
- Number of CFD instruments 30
- Number of metals 23