Oanda – Review 2022

OANDA is a Forex and CFD broker that was founded in 1996, it is recognized as one of the first forex brokers. With a presence in different countries around the world, it offers corporate Forex and currency conversion solutions. Based in the US, authorized and regulated by the competent authorities, it is a viable option for Americans interested in investing online.

General Information

Headquarter

United States

Foundation

1996

Regulated by

CFTC (US), NFA (US), IIROC (CA), FCA (UK), MAS (SG), ASIC (AU), MFSA (MT), FSC (VG)

Platforms

MT4, OANDA Trade

Type of broker

Dealing Desk

Tradable products

Forex, Indices, Metals, Commodities, Bonds, Stocks

Office locations

US, CA, UK, DE, PL, MT, SG, AU, JP

Min. deposit

No minimum deposit

Max. Leverage

1:50 US / 1:30 Retail EU - 1:100 Pro EU / 1:200 VG

Spreads

Low

Payment method

Credit & Debit Card, Bank Wire

Additional Features

Trader Education, TradingView, MarketPulse

US residents

Allowed

Education

Tutorials, articles, webinars

Suitable for

Beginners, US residents

frontdesk@oanda.com

1 212 858 7690

10 Times Square, New York NY 10018

Why trade with Oanda?

Due to its global presence, OANDA is regulated by various organizations in Canada, the United Kingdom, Australia, Japan, among others. It operates in several of the most important financial centers in the world with a variety of financial products available to retail and corporate clients.

With extensive experience in the currency market, they also allow trading with indices, metals, commodities and CFD bonds. They have their own platform to operate in addition to the well-known MetaTrader 4.

Users have access to two types of accounts and although their costs may not be as cheap as other brokers, OANDA offers low deposit requirements and advanced trading tools, as well as very interesting charts and indicators such as, the OANDA Open Order. For their management they have been recognized with several awards. They provide tools and educational material in addition to 24-hour support and the OANDA Virtual Assistant with very good acceptance. It is a valid option for both beginners and professionals.