Not all of the education is in a single place, and navigation can be difficult. This gives the client more flexibility in their trading and aids in their overall risk management. The web-based offering includes charts from TradingView with advanced studies and display styles along with most of the functionality of the downloadable version. Other features include customizable watchlists, news feeds, research options (economic analysis, MarketPulse) that open up in a browser, and API access. Receive a discounted spread, a partner platform subscription, expedited oanda broker free wire transfers, and more with both our spread-only and core pricing + commission accounts.

Standard trading account

Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. However, many of the integrated features in the platform will trigger a new browser window to open – even when you are on the desktop version. Other brokers integrate such features directly into the platform, which allows you to stay focused without a distracting flurry of new windows popping into your screen. There are no deposit fees at OANDA, no matter the deposit method, and there are no fees for credit or debit card withdrawals. Withdrawals https://forexarena.net/ by bank wire transfer do require a fee ($20 per transaction). Moreover, the user may be charged an additional amount by their payment processor.

Is my money safe with OANDA?

1. Receive a discounted spread, a partner platform subscription, expedited free wire transfers, and more with both our spread-only and core pricing + commission accounts.
2. U.S. customers can also directly trade cryptocurrencies through a partner company.
3. For some, such a track record is enough to inspire trust and warrant a registration; for others, it might not be enough to compensate for some of the shortcomings of the platform.
4. Our platforms offer versatile features to help you trade smarter wherever you are.

In ‘98, several tax authorities leading audit firms started subscribing to some of OANDA’s corporate solutions. Just a year later, the company partnered with NOKIA to launch the first Wireless Application Protocol (WAP) in the world. It’s no surprise, then, that Investment Trends research awarded OANDA multiple Highest Customer Satisfaction awards.

Get started with the OANDA app

This account lacks benefits such as a relationship manager and free wire transfers. The facts and figures above are referring to the interbank-market. Earn cash rebates from US$5 to US$17 per million with our Elite Trader program.

This makes OANDA a great option for those who want to test a trading strategy with a small deposit and not be constrained by the minimum trade size. Thanks to its straightforward web and mobile trading apps, OANDA offers something for casual investors while also serving sophisticated traders who prefer to connect via API or use automated trading systems on MT4. OANDA provides forex and CFD traders everything they need to successfully navigate the markets, with multiple daily articles, as well as podcasts and research tools.

OANDA Customer Support and Community Platforms

Get personalized access to premium trading tools, expert market analyst insights and more. Commission charges will be converted to the account home currency using our prevailing rate in effect at the time of the trade. OANDA’s flagship Trade mobile app is easy to use and provides quality market research and excellent charting features.

OANDA generates revenue via the spread that it then offers to the client, as is the norm in the brokerage industry. Commission charges are aggregated and posted to client accounts as cash adjustments. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers.

Designed exclusively for our high volume traders, this is the program that gives you more, the more you trade. It’s easy to fund your account using one of the following payment methods. At OANDA, we understand the importance of being the best you can be.

†OANDA does not re-quote orders that are executed at the valid market price when the request is received at our server. No automated rejections, market orders only fail to be executed if they fall outside the upper/lower bounds that you choose to place to protect against price fluctuations, or if you have insufficient funds to execute your trade. We have no “dark pools” or internal liquidity creating a price for you that someone else can benefit from. Our pricing is exclusively sourced from a global network of premier banks and that’s all. No one at OANDA has the ability to target your positions, hunt your stops or change your pricing. Steven Hatzakis is the Global Director of Research for ForexBrokers.com.

Voted Best Low Cost Broker (ADVFN International Financial Awards 2023). Voted Best Forex Broker two years in a row (TradingView Broker Awards 2021, 2020). Awarded highest client satisfaction for mobile platform/app (Investment Trends 2021 US Leverage Trading Report, Margin Forex). Awarded highest overall client satisfaction (Investment Trends 2021 US Leverage Trading Report, Margin Forex).

A custom-built bridge delivers OANDA execution with MT4 charting and analysis. For example, if your account is in SGD, you will be charged 10 SGD, and if your account is in USD, you will be charged 10 USD, etc. At certain times and in certain market conditions, our spreads could be wider than usual. This includes the opening and closing of markets and major international or geopolitical events which have an impact on the relevant market(s) in other particular circumstances.

All information contained herein is based on ForexBrokers.com’s independent review of this broker’s various global brand entities. In this review, we’re examining OANDA, a United States operations-focused foreign exchange (Forex) broker and trading platform featuring Forex and cryptocurrencies, as well as a range of products designed for business clients. OANDA’s Trade trading platform suite is a good option for market news and charting (powered by TradingView) but falls short in other areas. For example, I found OANDA’s integration of research and trading tools within its desktop and web platforms to be imperfect. However, OANDA’s limited range of tradeable markets and below-average pricing puts it just behind the best forex brokers.