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Forex

Retail Broker

Oanda

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Unproved

Oanda

Founded in :

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1996 (28 Years)

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Traffic & Engagement

4.33

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License

Warning

This broker is currently unregulated. Please be cautious of the potential risks!

What are the differences in regulations for each ?

License

A Grade License

Both institutions and consumers highly trust the license in grade A. They operate more extended and are more challenging to hold than others. They have strict rules which the company needs to comply with. Just one point was deducted from grade A.

B Grade License

The license in grade B is also trusted, but the difference between them is it will slightly get less complicated than in grade A.

C Grade License

The license in grade C is also safe to rely on, but we recommend that you be careful with your chosen company. You should inspect the company information before investing.

D Grade License

The license in grade D is easily held and has yet to become widespread. If your chosen company holds a license in this grade, you should carefully contemplate it.

License

Warning

This broker is currently unregulated.

Please be cautious of the potential risks!

What are the differences in regulations for each ?

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News

TrustFinance Intelligence Agency

Research date: Thg 11 28, 2024

The website provides information on various financial topics such as personal finance, investing, cryptocurrency, and alternative investing. It also offers reviews and comparisons of different brokers and trading platforms. The content includes details on OANDA alternatives for forex trading, highlighting options for active traders, international trades, market research, advanced traders, low-cost trading, and options traders. Each alternative is analyzed based on its features, benefits, and suitability for different trading styles. The website also features a comparison between OANDA and other brokers, along with frequently asked questions and a brief overview of OANDA's platform.

The website provides information on various financial topics such as personal finance, investing, cryptocurrency, and alternative investing. It also offers reviews and comparisons of different brokers and trading platforms. The content includes details on OANDA alternatives for forex trading, highlighting options for active traders, international trades, market research, advanced traders, low-cost trading, and options traders. Each alternative is analyzed based on its features, benefits, and suitability for different trading styles. The website also features a comparison between OANDA and other brokers, along with frequently asked questions and a brief overview of OANDA's platform.

The website contains news and analysis related to the financial markets, with a focus on prop trading services offered by reputable brokers like OANDA, Axi, and Hantec Markets. These brokers are entering the prop trading space through their offshore entities to avoid regulatory scrutiny. The article discusses the growing popularity of prop trading among traders, the challenges involved, and the regulatory implications. It also mentions the actions taken by regulators against prop trading firms like My Forex Funds. The brokers mentioned provide detailed disclosures about their prop trading services to ensure transparency and compliance with regulations.

The website contains news and analysis related to the financial markets, with a focus on prop trading services offered by reputable brokers like OANDA, Axi, and Hantec Markets. These brokers are entering the prop trading space through their offshore entities to avoid regulatory scrutiny. The article discusses the growing popularity of prop trading among traders, the challenges involved, and the regulatory implications. It also mentions the actions taken by regulators against prop trading firms like My Forex Funds. The brokers mentioned provide detailed disclosures about their prop trading services to ensure transparency and compliance with regulations.

The website provides a list of the top 10 approved Forex brokers in Malaysia, offering competitive spreads, robust trading platforms, and excellent customer support. It emphasizes the importance of choosing a well-regulated and licensed broker for trading success. The content also includes information on the legality of Forex trading in Malaysia, factors to consider when choosing a Forex broker, and tips to avoid scams. Additionally, it highlights the best time to trade Forex in Malaysia and tax implications. Overall, the website aims to educate readers on Forex trading in Malaysia and provide insights into the industry.

The website provides a list of the top 10 approved Forex brokers in Malaysia, offering competitive spreads, robust trading platforms, and excellent customer support. It emphasizes the importance of choosing a well-regulated and licensed broker for trading success. The content also includes information on the legality of Forex trading in Malaysia, factors to consider when choosing a Forex broker, and tips to avoid scams. Additionally, it highlights the best time to trade Forex in Malaysia and tax implications. Overall, the website aims to educate readers on Forex trading in Malaysia and provide insights into the industry.

The website provides a comprehensive guide on cryptocurrency brokers, including reviews of the best brokers for different types of traders in 2024. It covers factors to consider when choosing a broker, such as fees, tools, features, and variety of cryptocurrencies. The guide also explains the difference between a crypto broker and an exchange, and provides tips on how to select a suitable broker based on trading strategy and experience level.

The website provides a comprehensive guide on cryptocurrency brokers, including reviews of the best brokers for different types of traders in 2024. It covers factors to consider when choosing a broker, such as fees, tools, features, and variety of cryptocurrencies. The guide also explains the difference between a crypto broker and an exchange, and provides tips on how to select a suitable broker based on trading strategy and experience level.

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Oanda Review: Is Oanda a Good Broker?

Broker overview and general information

Oanda is a trading name of OANDA Corporation, a long-established forex broker that provides online trading services in foreign exchange markets. Founded in 1996, it aims to provide reliable and easily accessible trading platforms for global investors. It is headquartered in the United States and has offices in several countries around the world.

Licenses that brokers have obtained

If you ask whether Oanda is good, you should start by considering the registration and license factors first. The broker has the following licenses:

British Virgin Islands Financial Services Commission (BVI FSC) License No. SIBA/L/20/1130 under the CompanyOANDA GLOBAL MARKETS LIMITED
Australian Securities and Investments Commission (ASIC) License No. 412981 under the Company.Oanda Australia Pty ltd
National Futures Association (NFA) License No. 0325821 under OANDA CORPORATION.
Financial Conduct Authority (FCA) License No. 542574 under OANDA Europe Limited.

⚠️WARNING: Each license is valid only in the areas where the issuing authority has jurisdiction

Brokerage products and trading platforms

Trading products

Forex 48 currency pairs
Cryptocurrency 18 coins
795 shares
Index 18 Index
10 types of commodities
metal

Trading platforms and tools

OANDA offers three trading platforms: MetaTrader 4, MetaTrader 5, and the fxTrade app.

MetaTrader 4:MetaTrader 4 or MT4 is the world's most popular financial market trading platform. It has complete functionality for trading. It can be used on both Windows, MAC computers and Androind, IOS mobile phones.
MetaTrader 5:MetaTrader 5 or MT5 is a trading platform developed from MetaTrader 4. It has more tools and a more modern and user-friendly interface than MetaTrader 4.
fxTrade:fxTrade is a trading application created by OANDA. It allows you to trade all your accounts instantly with a single login. It is available on both Android and iOS.

Oanda Account Types

Standard Account

Starting spread: 0.8 pips
Commission: None
Platforms: MT4, MT5, fxTrade
Suitable for: All traders

Main account

Starting spread: 0.1 pips
Commission: $40/million
Platforms: MT4, MT5, fxTrade
Suitable for: Expert Advisors (EA), Short-term traders, High Frequency traders.

Premium Account

Starting spread: 0.8 pips
Commission: None
Platform: MT5, fxTrade
Ideal for: High volume traders

 ⚠️WARNING: As for the minimum amount to open an account, the broker's website does not specify the details, so it is necessary to ask the customer support again.

Oanda Pros and Cons Review

Pros :

Reliable
A wide range of assets to trade
Low spreads on Forex and gold

Cons :

High Bitcoin Spread
High Forex, Gold, Bitcoin Swap Rates
Provides a low maximum leverage (only 1:50)
Withdrawal takes a long time
Crypto deposits and withdrawals are not supported.
There is no contact number in Thailand.
Few deposit and withdrawal channels
Lack of clarification on minimum account opening requirements

Office location and contact channels

The broker is headquartered in the United States and has offices in several countries around the world to provide comprehensive and convenient services to clients.

Head office location
- 17 State Street, Suite 300 New York NY 10004 USA
Contact channels:
- telephone number:+44 02031512050
- Email:[email protected]
- Website:https://www.oanda.com/bvi-th/cfds/

Overview Summary: Is Oanda a Good Broker?

Oanda is a broker with a long history and is widely recognized with its regulation from leading authorities. It is an attractive option for traders who want reliability and a wide range of trading tools. In addition, Oanda's customer service is also highly rated and offers support to traders in several languages.

However, for traders looking for more specific commodities or indices, Oanda may be limited in some areas and lacks important information such as account opening minimums. In addition, the education and training system may not be suitable for beginner traders who need more accessible help and advice. Overall, Oanda remains a quality broker that is suitable for traders of all experience levels. It is important to consider your own information and needs carefully before deciding to use the service.

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Oanda Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide on the broker that suits your needs.