OANDA Review

OANDA is a reliable Forex broker with customers in more than 100 countries, global customer support and access to API VPS server. The company holds licenses of such reputable regulatory organizations as ASIC and CFTC. It also won a number of prestigious awards like World Finance Awards 2013.

Accounts and Commissions

OANDA provides its customers with the most attractive and comfortable trading conditions. It guarantees customers a 24/7 service support and qualified help via email, by telephone, etc. The minimum deposit amount is 1 USD that is suitable for Forex beginners. They can also check their skills on a demo account. In addition to that, the company regularly arranges webinars and seminars for its clients.

The maximum leverage is 1 to 50. OANDA guarantees narrow spreads without any commission and instant execution of transactions. It offers more than 80 currency pairs, CFDs, precious metals, commodity assets, world indices, shares of large corporations, etc. OANDA does not distinguish types of traders and offers a single standard type of trading account with no minimum transaction size. Unfortunately, the broker does not provide for welcome and other bonuses.

The low cost of executing sales orders is influenced by low spreads and the automatic execution of orders without refusals unless the trader wants to set an upper or lower limit to protect his deposit from price volatility.

Trading Platforms

Traders use the Meta Trader4 trading platform and FXTrade terminal, the company’s own software. It should be noted that both platforms support mobile devices. The MT4 trading platform is highly reliable among the online community due its multiple features and smart tools. To run FXTrade WebTrader, customers need to use JAVA. Fastest Internet technology allows traders to get access to the platform from any part of the world.

Customers can use the FXTrade API libraries and make their own system to get access to actual market data and archived trade operations, test the system without any risk, deal with Stop/Loss and Take/Profit orders and make inquiries.

Intuitive interface of FXTrade allows users to analyze trading sessions, volatility charts of currency pairs, view a history of open orders, a table of correlation of exchange rates, and much more. Customers can also read Autochartist, news and analytical materials to stay informed about any market changes.