OANDA Review 2022 | Information about OANDA Forex Broker - BrokersView

OANDA

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Foreign exchange dealers,foreign exchange,Forex Trading,CFD Online,oanda,oanda.com
69 Reviews

Founded: 1996 Min deposit: 1 USD

Headquarters: Toronto, Canada Max Lev: 1 : 200

Contact

+44 02031512050

frontdesk@oanda.com

https://www.oanda.com/

8.6 Business Scope

Trading instrument and serviced countries

7.6 Trading Cost

Spread and commission

7.6 Trading Platforms

Trading software and multi-end trading

7.7 Customer Support

Customer support and value-added services

Multilingual Support
Long-established
Leverage Limit
Hedging Not Allowed
Multi-regulation
Commodities Trading
Tight Spread
Deposit/withdrawal Problems
Nicole
Dec 22, 2020
I like this platform very much because I can choose to display important news. I mean the news- is about to be released on the chart. I can adjust my position to a tight level.
Alex Verbitskiy
Dec 16, 2020
I think OANDA is one of the best and most trusted market makers around, and it is especially suitable for beginners to trade with OANDA because the broker has an user-friendly and flexible platform. Open-close and modify orders, SL and TP are indeed very simple and clear. The customer support is always very friendly and resourceful. Faithfully recommend!
Mikka Litmanen
Dec 12, 2010
I stayed in Oanda for about a year. Oanda's trading platform is often frozen. I lost the connection to my trading account during the transaction. Even though I can successfully access other websites and log in email, I have encountered connection problems.
Rayn M
Jan 04, 2021
Opening an overseas account in OANDA can be painful, but overcoming these obstacles, you will know it's the best broker. Their platform is not such easy or as powerful as I want, but their response time is very short. In case of trouble, their chat room is always ready, fast and reliable. The spread is really good. In the end, I gave OANDA 4 stars just because they lack a programmable platform.
Robert Dowl
Jan 26, 2021
My experience in trading with Oanda is very comfortable. There are many features on the website, and if you have a real account, you can access a huge database of historical prices. I use automated trading strategies and need to back-test the history, so I need high-quality data, which can be found on the website.
Daniel Richards
Jan 28, 2021
I think Oanda is the best, top and greatest foreign exchange broker in the world. I think it's only suitable for serious traders. I have been trading with this broker for nearly 2 years and I have accumulated $2m. Highly recommend.
Licence Status

operate with a few regulation licenses

OANDA Review 2022 | Information about OANDA Forex Broker - BrokersView
FCA 542574
OANDA Review 2022 | Information about OANDA Forex Broker - BrokersView
NFA 0325821
Foreign exchange dealers,foreign exchange,Forex Trading,CFD Online,oanda,oanda.com
ASIC 412981

Deposit and Withdrawal

8.0

Very Good

Minimum deposit and no deposit fee

Features

Low Minimum Deposit

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Company and Service

8.4

Very Good

Many branch offices in different countries

Features

Multilingual Support Long-established

Profile
Headquarters Address
370 King Street West 2nd Floor Box 60 Toronto ON M5V 1J9
Founded 1996
Broker Type
MM/DD
Time Zone GMT+2
Credit Profile No information
Trading Platforms
MT4
Windows,  iOS,  Android
Contact
No Data
Others
FIFO
Website Language
Chinese,  English,  French,  German,  Italian,  Japanese,  Korean,  Portuguese,  Russian,  Spanish,  Vietnamese
Customer Service By
Phone,  Email,  Live Chat,  Facebook,  Twitter,  Instagram,  Youtube
Supported Language
Chinese,  English,  French,  German,  Italian,  Japanese,  Korean,  Portuguese,  Russian,  Spanish,  Vietnamese

Broker News

CFTC Releases Data: Four of the Five Brokers Saw Retail FX Deposits Drop in December Feb 18, 2022
The Commodity Futures Trading Commission (CFTC) has published its monthly report for December 2021, revealing a month-on-month decline of 2.15 percent in retail FX deposits compared with the $555.8 million reported in November 2021.
See more
OANDA Partners with Kaiko to Build Auditable Pricing for Digital Assets Jan 28, 2022
Kaiko, an industry leader in digital assets data for enterprises, is joining forces with OANDA, a global leader in online multi-asset trading services and currency data and analytics, to build auditable pricing for digital assets that meet financial compliance requirements.
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OANDA Japan to Alter Margin Requirements for TRY Pairs Jan 28, 2022
OANDA Japan, the Japanese unit of OANDA, has informed its clients of changes to the trading conditions for Turkish lira (TRY) pairs.
See more

Overall Score

69 Reviews

Cost 7.6

Platforms 7.6

Deposit & Withdrawal 8.0

Customer Support 7.7

Indicates the average level of Brokers

Keywords for selection
Trading Problems Hedging Spread Widen Advanced Trading Platform Low Spreads Reliable & Reputable Unstable Server Connection Terrible Deposit/Withdrawal Transfer Fees High Swap Fee Low Leverage Deposit/Withdrawal Problems Complicated Registration Process Dissatisfied Regulated & Licensed Bad/Unprofessional Customer Support

69 reviews

James Ward

Jan 18, 2021 Over 3 years Personal Account
A good company with a good reputation. My first account was opened in 2010. Oanda is the first retail foreign exchange broker to provide data on all currency quotes. I still trade with them through Expert Advisors who help test small accounts.
Australia
Helpful
Not Helpful

Stephen Dinsdale

Jan 25, 2021 1-3 years Personal Account
I have been a customer of Oanda for three years. I made 500,000 Swiss francs here. They are the best brokers I have encountered in 15 years. When I call their customer support, they always get back to me in time.
Switzerland
Helpful
Not Helpful

Mikeioc

Jan 18, 2021 1-3 years Personal Account
There is no need to produce documents, and the funds can be successfully withdrawn very smoothly. I strongly recommend this platform to Canadians.
Canada
Helpful
Not Helpful

Md Fahidul Hasan

Apr 22, 2022 7-12 months Corporate entity Account
I think OANDA is one of the best and most trusted market makers around, and it is especially suitable for beginners to trade with OANDA because the broker has an user-friendly and flexible platform. Open-close and modify orders, SL and TP are indeed very simple and clear. The customer support is always very friendly and resourceful. Faithfully recommend!
Colombia
Helpful
Not Helpful

AnthonyColeman

Apr 18, 2022 0-6 months Personal Account
obviously a market maker. I dont trust them
China
Helpful
Not Helpful

Adam

Apr 16, 2022 0-6 months Personal Account
They are really good!
Japan
Helpful
Not Helpful

Rolland Badger

Apr 12, 2022 0-6 months Professional Account
Oanda is simply the best they only need to increase leverage and to 100:1 and add trailing stops
Indonesia
Helpful
Not Helpful

Jan Daley Katz

Apr 08, 2022 0-6 months Personal Account
I have tried several other top brokers......Oanda is Super! I have no complaints.....I highly recommend...Happy Trading!
Malaysia
Helpful
Not Helpful

Zainab Hammad

Mar 22, 2022 0-6 months Personal Account
The demo is very good but the live account is not as good. Even the pips are not accurate because they change alot
Saudi Arabia
Helpful
Not Helpful

Mario Vega

Mar 20, 2022 0-6 months Personal Account
They rip you off on their demo...at least they have that much integrity!
Greece
Helpful
Not Helpful

1 - 10 of 69 comments

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