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OANDA Guide – Read our In-Depth OANDA Review

OANDA Rating: 4.83 / 10

This page contains information about investing with OANDA. It is intended for educational purposes only and should never be considered financial advice. CompareBrokers.org is not a brokerage or advisory service. We do not recommend or advise that investors buy or sell securities or stocks.

All of the information about the brokers you see reviewed on CompareBrokers.org come from our partners, some of whom we have an affiliate relationship with. These partners do not control the content on the page beyond providing us with datapoints to ensure that (as far as possible) the information in our database is accurate. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to their users. Our proprietary rating algorithm takes all of the datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones for their needs.

Losses can exceed deposits

This OANDA review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

Please note that due to regulations, the content in this OANDA review does not apply to users in Brazil, Republic of Korea, Islamic Republic of Iran, Iraq, Syrian Arab Republic, Japan, and United States.

This OANDA review contains the latest information about OANDA.

If you are a new entrant in the realm of trading and brokerage, so many details will be perplexing for you. Getting into the area of trading demands expert analyzing skills and comprehensive understanding. You'll acquire proficient at all the concepts of brokerage as you keep trading. For starters, you have to select the ideal broker who will be clear with you constantly.

In this fast-paced universe of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment plan could aid you in minimising any losses and maximising any profits. OANDA is just one such platform that will assist you. It's crucial that you understand all about OANDA before you trust them with your money.

OANDA review screenshot

OANDA Guide for 2022 – Quick Summary

OANDA Telephone Number:
OANDA Email Address:
OANDA Address:
Year Founded: 1996
Regulated By: Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
Hedquarters: United States, Canada
Minimum Deposit: $1
Number Of Clients: 10,000+ OANDA users and traders
OANDA LinkedIn:
OANDA Facebook:
OANDA Facebook Likes: 0
OANDA Twitter: @
OANDA Twitter Followers: 0
OANDA Instagram:
OANDA Instagram Followers: 0
OANDA Youtube:

Losses can exceed deposits

Our full OANDA Review covers all you need to know about trading with OANDA. A fantastic agent can take your first investments and help to protect it from losses but also provide you a platform that can provide you positive profits. If you want to earn profits, you must trade with a brokerage service that contrasts with your investment goals.

There is no sure-fire way to ensure profits; thus, you must carefully assess your agent before you select them. It is a frequent misconception that all brokers will be exactly the same, but that's not correct. Wrong judgment, initially, can put your investments in danger.

OANDA is a broker that has forged its way successfully into the broker world. In this review, we've tried to collate a number of the vital facets of OANDA. This review will allow you to understand whether OANDA is a good match for your own investments or not. We have attempted to breakdown all the qualities and fees for your advantage.

OANDA Review, Table Of Contents

Who are OANDA?

OANDA is a forex broker headquartered in United States, Canada and provides a variety of tools for trading. Since its establishment in 1996, OANDA has emerged as a top-tier player in the field of online brokerage. OANDA has a highly aggressive and full-featured trading site that's focused on forex, indices, metals, shares, commodities.

Over the past 26 years, OANDA has grown into one of the leading online brokers.

After establishing in 1996, their consumer base has become as large as 10,000+ clients.

OANDA is the favourite for many dealers.. Our OANDA review discovered that they are an excellent alternative for automated trading options. It's best suited for investors who are looking for a variety of assets. Social and automated trading options are the core at OANDA.

Technology plays a substantial role at OANDA. OANDA features trading on MT4, OANDA Desktop, OANDA Web, OANDA Mobile. OANDA is honest, transparent, and also a well-regulated broker by the Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC). Their outstanding variety of resources will be beneficial for the majority of traders. Third-party partnerships also supply in-house analysis.

The educational section at OANDA is quite enlightening for new traders as it allows them to get a closer look in the financial markets. OANDA caters to all sorts of traders and are a must-have broker for any well-diversified method of trading.

OANDA Videos

Benefits of doing online trading with OANDA in 2022

Trading with OANDA includes numerous advantages. These advantages are what sets OANDA apart from all other online brokers. You need to check all the advantages listed so that you have a better comprehension of OANDA.

The agent goes to great lengths to understand what dealers want. Consequently, the support, fast, and convenient. The agent also gives a variety of platforms for all kinds of traders. OANDA ensures that the individual needs of all online traders are met to the best of their ability.

OANDA also features excellent trading conditions which are available to only an elite class of institutional customers. The tight spreads and quick executions are a fantastic advantage for the traders. The technology adopted by OANDA is of the highest caliber, making sure that it is fast, dependable, and effective.

OANDA acknowledges the significance of having a fast order execution. A quick implementation enables users to exchange without fretting about slippage safely. It will also aid the dealers to grab any opportunities.

OANDA has over 100 trading instruments to support all kinds of traders. These tools are lively and suitable for both new and experienced traders. The traders can put aside all their worries when trading using OANDA.

OANDA overview

Year Founded: 1996

Regulated By: Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)

Hedquarters: United States, Canada

Minimum Deposit: $1

Number Of Clients: 10,000+

Losses can exceed deposits

If you feel that OANDA is not right for you then at the bottom of this OANDA review you wil find a lot of alternatives to OANDA.

Everything you should know about trading using OANDA

OANDA is a lively platform that provides various techniques of trading. These instruments cover the monetary markets considerably. The Majority of the broker platforms offer less procedures than OANDA

If you wish to trade with OANDA, you will need a minimum deposit of $1. This deposit is mandatory if you wish to begin trading using OANDA. This 2022 OANDA review will guide you safely about trading with them.

OANDA is as flexible as another brokerage platform. OANDA is excellent for traders that want a manageable array of cheap services. The platforms provided by OANDA are third-party, white-label offerings. All traders may select from MT4, OANDA Desktop, OANDA Web, OANDA Mobile.

Along with everything, OANDA has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time on which a trade has to be kept available. The brokers provide premium client service that rewards clients with advantages.

Many unprofessional brokers attempt to pressurise consumers into larger financing for superior services. OANDA, on the other hand, is much more concentrated on trading volume. Traders can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the consumer, the more benefits will become available.

OANDA accounts are available all over the world and provides outstanding service everywhere they have customers. There are a few countries where OANDA accounts are not available. Traders in the following countries cannot open or use a OANDA account:

Brazil, Republic of Korea, Islamic Republic of Iran, Iraq, Syrian Arab Republic, Japan, and United States.

Is OANDA Safe To Trade With in 2022?

Launched in 1996, OANDA has been in operation for 26 years, they are headquarted in United States, Canada.

OANDA is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC). These figures have rules that make sure that trading platforms have measures in place to maintain investor's assets secured. This means that OANDA users do not need to be worried about their money since it's segregated and safely stored in established banks. SSL encryption simplifies each user's private information as well.

You can make use of an option for Two Factor Authentications (2FA) with OANDA for increased security. An SMS for the verification code will be sent to your mobile phone. You'll be required to enter this code to log in to your account.

Another concern with financial brokers is in respect to security may be manipulation of trading. This is highly disadvantageous to users on those platforms. Nonetheless, this is more widespread in the case of Market Maker agents who compete with customers on the stage.

OANDA Risk Disclaimer

Losses can exceed deposits

Pro's & Con's Of Trading With OANDA

Every online trading platform has a few pros and cons OANDA review would be complete without showing both sides. This OANDA review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.

OANDA Pro's

  • OANDA is trusted by 10,000+ clients
  • OANDA has low minimum deposit requirements
  • OANDA doesn't charge withdrawal fees
  • OANDA doesn't charge inactivity fees
  • OANDA doesn't charge deposit fees
  • OANDA doesn't charge CFD fees
  • OANDA offer trading on MT4, OANDA Desktop, OANDA Web, OANDA Mobile
  • OANDA offer 100 trading instruments
  • OANDA trades major forex pairs
  • OANDA trades minor forex pairs
  • OANDA trades exotic forex pairs
  • OANDA can communicate in English, and Chinese

OANDA Con's

  • OANDA does not offer Negative Balance Protection
  • OANDA does not offer Guaranteed Stop Loss
  • OANDA doesn't offer trading on cryptocurrencies
  • OANDA doesn't offer social trading
  • OANDA doesn't offer copy trading
  • OANDA doesn't offer trailing stop

OANDA Review - Compare Brokers Similar To OANDA

OANDA
learn more about OANDA
FX Primus
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eToro
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fort financial services
learn more about fort financial services
Rating 4.83 / 10 5.81 / 10 8.6 / 10 6.4 / 10
Minimum Deposit $1 $100 $50 $250
Year Founded 1996 2009 2007 2012
Headquarters United States, Canada Cyprus Cyprus, UK USA
Regulated By Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F231
Clients 10,000+ 10,000+ 20,000,000+ 10,000+
Find Out More


Losses can exceed deposits


Losses can exceed deposits


67% of retail investor accounts lose money when trading CFDs with this provider. US customers only have access to cryptocurrencies


Your capital is at risk

OANDA Review - Regulation And Licencing In More Detail

OANDA is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC).

OANDA, as a business, has a strong collection of rules for ensuring fair trading onto its own platform. For information encryption purposes, it provides an industry-standard secure socket layer (SSL).

As per the organization's privacy regulations, customer data is to not be shared with some other institutions or individuals. Including credit history and other financial details.

OANDA Review - Awards

At the time of writing this OANDA review, and despite OANDA’s impressive offering, the company has surprisingly not garnered any other awards to date.

OANDA Trading Platforms

OANDA are a reputable trading platform that has been trading for over 26 years. They offer a large range of options in their user accounts.

In the following table we take the main parts of any great brokerage and compare OANDA with FX Primus, eToro, and fort financial services

OANDA
learn more about OANDA
FX Primus
learn more about FX Primus
eToro
learn more about eToro
fort financial services
learn more about fort financial services
Demo Account Yes Yes Yes Yes
Proprietary Platform Yes
Windows App Yes Yes Yes Yes
Mac App Yes Yes Yes Yes
Linux App No No Yes No
Social Trading No Yes Yes Yes
Copy Trading No Yes Yes No
MetaTrader 4 (MT4) Yes Yes Yes Yes
MetaTrader 5 (MT5) Yes Yes Yes Yes
cTrader Yes Yes Yes Yes
DupliTrade No No Yes Yes
ZuluTrade No


Losses can exceed deposits


Losses can exceed deposits


67% of retail investor accounts lose money when trading CFDs with this provider. US customers only have access to cryptocurrencies


Your capital is at risk

OANDA Review - OANDA MetaTrader 4 (MT4)

MetaTrader 4 also known as MT4 is one of the top trading platforms on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to cover all your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.

The MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements.You can start using the MetaTrader 4 platform with OANDA in multiple formats including through an online web platform, or through a downloadable application for Windows PC's and Mac's. OANDA MetaTrader 4 is compatible with the latest macOS. OANDA allows traders to trade on mobile devices through Android and iOS devices.

Metatrader 4 Webtrader and OANDA

MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators.

Trading With OANDA MetaTrader 4 On iOS Devices

You can download the OANDA app or also trade with OANDA through the MetaTrader 4 application on the Apple app store.

Download the OANDA MetaTrader 4 Program free of charge from Apple's App Store. OANDA customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go.

Trading With OANDA MetaTrader 4 On Android Devices

Andorid mobile devices and tablets are used by millions of people globally. OANDA provides its clients access to the MetaTrader 4 platform on Android supported devices so that their 10,000+ customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android OANDA MetaTrader 4 Android application enables traders to make the most of multiple advanced trading features which enables them to monitor and trade quickly on the go, simply and securely.

OANDA Review - Minimum Deposit Required

The minimum deposit that you must deposit to begin on OANDA is $1. This is an adequate amount for those just starting out. It's possible to make more advanced residue as you cooperate. But, make certain that you understand how to make the most of your money before investing larger amounts.

OANDA Review - Commission And Fees Explained

OANDA is an online broker platform, and many online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the companies of online brokerages are scaled much better. In other words, an internet broker is not necessarily affected by the number of clients they have.

However, this doesn't mean that online brokers don't charge any fees. They charge prices of varying rates for various services to make money. There are primarily 3 types of penalties for this objective.

The first kind of fees to look out for are trading charges. Whenever you make an actual trade, like buying a stock or an ETF, you are charged trading charges. In these instances, you are paying a spread, funding rate, or even a commission. The sorts of trading fees and the prices vary from broker to broker.

Commissions can be fixed or determined by the traded volume. On the flip side, a spread refers to the difference between the buying and selling price. Funding or overnight prices are people that are billed when you maintain a leveraged position for more than a day.

Aside from trading charges, online agents also charge non-trading fees. These are determined by the activities you undertake on your accounts. They are charged for operations like depositing cash, not trading for long periods, or withdrawals.

Generally, OANDA doesn't charge high fees in comparison to other online brokers. For operations other agents fee for, they do not charge a brokerage fee, or they charge a lesser amount. This can be beneficial for people who often exchange, for example weekly or daily trading.

However, non-trading fees billed by OANDA are comparatively higher. Consequently, you're billed more for non-trading activities on your trading account, such as deposits and withdrawal. These aren't related to the purchase and sale of resources.

This OANDA review breaks down every one of the relevant non-trading charges for you in detail.

Compare Broker Fees Of OANDA

OANDA
learn more about OANDA
FX Primus
learn more about FX Primus
eToro
learn more about eToro
fort financial services
learn more about fort financial services
Minimum Deposit $1 $100 $50 $250
Withdrawal Fees No Yes Yes No
Inactivity Fees No No Yes No
Deposit Fees No Yes No No
CFD Fees No No No No


Losses can exceed deposits


Losses can exceed deposits


67% of retail investor accounts lose money when trading CFDs with this provider. US customers only have access to cryptocurrencies


Your capital is at risk

OANDA Review - Withdrawal Fees Explained

OANDA doesn't charge withdrawal fees

Withdrawal of money is possible at any moment from the OANDA account. It's possible to draw sums up to the amount of your account balance, keeping aside the perimeter used. 1 thing to remember is that you don't necessarily have to have any cash in your accounts.

In addition, the withdrawn money will be transferred directly to the accounts you use to create deposits. Thus, if you used a credit card for deposits, the withdrawn money will be sent into the card. OANDA will ask you to offer other withdrawal methods if your details have changed since your deposit.

There is a minimum withdrawal amount. In case you're withdrawing cash in different currencies from USD, a conversion fee is also important. The conversion fee will depend on the money you are choosing to draw in.

OANDA Review - Inactivity Fees Explained

Understanding whether you will be charged inactivity fees is only one of those buzzing questions that run through your mind when open an account with OANDA. An inactivity fee is an amount charged to registered dealers that haven't engaged in buying or selling for a while. The period regarded as inactive is determined by the broker.

The inactivity fee differs from one broker to another and is not standardized. If a dealers account doesn't have a buying or selling trade, it's claimed by the broker as an inactivity fee. The traders have to pay this fee under conditions and terms that they had agreed while registering.

OANDA doesn't charge inactivity fees so you are free to utilize your account as needed

Even if no charges have been indicated by OANDA, it is better that you close the account if you're inactive. Inactivity fees aren't only charged by broker firms but also many financial services.

For additional trading platforms, the inactivity fee depends upon the type of account you've selected. The inactivity fee is exposed to a lot of circumstances and should be disclosed clearly by the broker beforehand.

OANDA Review - Deposit Fees Explained

When you move money in your trading account by your bank account, a deposit fee can be billed by the broker. Most brokers do not charge an excessive amount of money for this particular operation.

OANDA doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed

Depositing cash on the OANDA trading platform is simple. You simply need to finish a single-user profile questionnaire to begin depositing money into your trading account. You will need to give an identity evidence and evidence of residency to deposit substantial sums.

OANDA Review - Compare Broker Deposit Methods

OANDA
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FX Primus
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eToro
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fort financial services
learn more about fort financial services
Minimum Deposit $1 $100 $50 $250
Credit Card Yes Yes Yes Yes
PayPal No No Yes Yes
Neteller No Yes Yes Yes
Skrill No No Yes Yes
Payoneer Yes Yes Yes Yes


Losses can exceed deposits


Losses can exceed deposits


67% of retail investor accounts lose money when trading CFDs with this provider. US customers only have access to cryptocurrencies


Your capital is at risk

What Can You Trade With OANDA in 2022?

Note: OANDA provides a lot of different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered will differ based on the country of residence of the client.

OANDA has a wide variety of over 100 instruments available for you to trade with.

If trading currency pairs is of interest to you then OANDA offer over 55 currency pairs.

Compare OANDA, FX Primus, eToro & fort financial services below.

OANDA
learn more about OANDA
FX Primus
learn more about FX Primus
eToro
learn more about eToro
fort financial services
learn more about fort financial services
Platforms MT4, OANDA Desktop, OANDA Web, OANDA Mobile MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
Instruments Available 100 100 100 114
Forex & Crypto
Forex Pairs Available 55 45 50 84
Offers Major Forex Pairs? Yes Yes Yes Yes
Offers Minor Forex Pairs? Yes Yes Yes Yes
Offers Exotic Forex Pairs? Yes Yes Yes Yes
Offers Cryptocurrencies? No No Yes Yes
Commodity CFD's
Commodities Offered 0 0 50 30
Trade Metals? Yes Yes Yes Yes
Trade Energies? Yes Yes Yes Yes
Trade Agricultural? Yes No Yes No
Indiced & Stock CFDs
Stocks Offered 0 0 50 30
Trade UK Shares? No Yes Yes No
Trade US Shares? No Yes Yes No
Trade German Shares? Yes No Yes Yes
Trade Japanese Shares? Yes No Yes No


Losses can exceed deposits


Losses can exceed deposits


67% of retail investor accounts lose money when trading CFDs with this provider. US customers only have access to cryptocurrencies


Your capital is at risk

Reviewing The OANDA Mobile App

Note: OANDA's mobile app has a lot of functions and is being constantly improved. The table below was correct at the time of writing this OANDA review.

Understand the capabilities of the mobile apps of OANDA, FX Primus, eToro & fort financial services below.

OANDA
learn more about OANDA
FX Primus
learn more about FX Primus
eToro
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fort financial services
learn more about fort financial services
Basic Alerts / Push Notifications Yes Yes Yes Yes
Watchlists
Has A Watchlist No No Yes Yes
Watchlist Syncs Across Platforms Yes Yes Yes Yes
Indicators And Charts
App Indicators No No Yes Yes
Can Draw Trendlines Yes Yes Yes Yes
Can Move Trendlines No No Yes Yes
Has Multiple Timeframes Yes Yes Yes Yes
Saves Charts No No Yes Yes
Other Broker Mobile App Functions
Has Economic Calendars No No Yes Yes


Losses can exceed deposits


Losses can exceed deposits


67% of retail investor accounts lose money when trading CFDs with this provider. US customers only have access to cryptocurrencies


Your capital is at risk

Trading Education Available At OANDA

Understand the trading resources available with OANDA, FX Primus, eToro & fort financial services below.

OANDA
learn more about OANDA
FX Primus
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eToro
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fort financial services
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Forex Education No No Yes Yes
CFD Education Yes Yes Yes Yes
Regular Client Webinars No No Yes Yes
Archived Webinars Yes Yes Yes Yes
Beginner Trading Videos No No Yes Yes
Advanced Trading Videos No Yes Yes Yes
Investor Dictionary (Glossary) No No Yes Yes
PDF Trading Guides Yes Yes Yes Yes


Losses can exceed deposits


Losses can exceed deposits


67% of retail investor accounts lose money when trading CFDs with this provider. US customers only have access to cryptocurrencies


Your capital is at risk

OANDA Customer Support

For this OANDA review we looked at the customer service options including response times, and the OANDA trading platform issue solving effectiveness. OANDA support various languages including English, and Chinese.

OANDA Live Chat Support

We tested the livechat experience with OANDA and it worked flawlessly. We made a request via OANDA livechat via their app and web site and recieved a response in less than 20 seconds. On Occasion there was no response.

We have tested communication via OANDA support in a variety of languages across multiple countries. OANDA were capable of resolving our customers' concerns.

OANDA Phone Support

We called OANDA and the call was responded to very quickly. We were able to have the call answered in less than five to ten minutes.

OANDA phone support team were able to effectively address our queries and problems via phone. We tested the multilingual OANDA team by calling in varying languages. OANDA made efforts to ensure our queries were answered.

Overall the phone support from OANDA was satisfactory.

OANDA Email Support

We sent several email to OANDA and answer times overall were acceptable. The fastest email response time from OANDA was 5 hours, while the slowest response was 12 days! Sometimes there was no response. Support response times can vary for you with OANDA, however we have had this experience sending out 10 emails at various times.

The team resolved and answered our questions. Overall average email support from OANDA was satisfactory.

Alternatives To OANDA

If, after reading this OANDA review, they don't fulfill your needs check out these OANDA alternatives.

We have scoured the web to find the best alternatives to OANDA. Click on the links below to find out more.

Frequently Asked Questions about OANDA

Can I try OANDA before I buy?

Yes, you can most certainly try OANDA before you buy. OANDA offers demo accounts for the convenience of inexperienced traders. You may use this feature to build your faith in the system and yourself and your trading strategies.

If you register to get a demonstration account on OANDA, you will set out with a decent amount of virtual money. It's to establish a feeling of security and confidence in you until you decide to spend your own money.

With this digital OANDA demo account, you are able to experiment in any way, to whatever length you wish. You might also start positions, examine different trading approaches, and more.

OANDA specifies on its official site which you can exchange real time stocks in a demo account.

Is OANDA safe?

It is possible to drop all of your worries since we believe that OANDA is completely safe to use. It's in compliance with all the rules of Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC).

Even so, OANDA does not provide assured stop-loss protection.

Why does OANDA ask for my passport?

The reason that OANDA asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, OANDA has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, OANDA must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.

How can I start trading with OANDA?

The process to start trading withOANDA is perhaps simple enough to be a cakewalk. You need to begin by signing up on the OANDA website. It will require you to fill in details pertaining to the credibility and security of your account.

Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with OANDA is $1. You should have a good hold over the details of online trading before you set out and trade with real money.

If you are confident of your knowledge and understanding, you can open an account with OANDA.

The best way to kickstart your trading career with OANDA is to open a demo account facility before risking any real money

What funding methods do OANDA accept?

There are multiple methods to finance your account with OANDA. The process is effortless and quick, with different payment methods in your fingertips.

You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You have to keep in mind that PayPal isn't available in all country. The monies OANDA

Is my money safe with OANDA?

Yes, your cash is safe and secure with OANDA. As you already know, OANDA operates with good conformation to. It has established plenty of steps to protect all of its investors.

OANDA safeguards its customers' personal and sensitive data under SSL encryption. Your funds will be retained highly secure in top-tier banks.

If you wish to further protect your account, it is possible to empower Two-Step Verification also. It requires an SMS affirmation that you get your account.

Is OANDA trading good?

Yes, trading through OANDA is a pleasant and good experience indeed. It is a great and intuitive platform with useful features for your simplicity. In addition, you can even gain access to a huge collection of educational tools and assistive material to kickstart your trading experience.

If you are still skeptical, it is possible to open a eToro demo account and assess the credibility of the platform on your own.

Which Countries do OANDA support?

OANDA operates across the world. However, due to regulations OANDA can't accept clients resident in Brazil, Republic of Korea, Islamic Republic of Iran, Iraq, Syrian Arab Republic, Japan, and United States.

Is OANDA legit?

OANDA is a legit company headquarted in United States, Canada since 1996. They are regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC). OANDA is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.

Is OANDA a good broker?

OANDA is a great agent, and its users can vouch for this. The highlight of the platform is its fast order execution on transactions.

You will discover the clean layout of this platform along with the admirable features that a pleasure to work with.

Is OANDA a trustworthy broker?

Yes, OANDA is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.

What is the minimum deposit for OANDA?

The minimum deposit to open a live account with OANDA is $1

How long do OANDA withdrawals take?

Normally, withdrawal of money from OANDA is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from OANDA to show in your bank account.

Are OANDA regulated?

OANDA are regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)

Is OANDA a market leading broker?

OANDA is currently one of the industry leaders. It has over 10,000+ registered users and over 26 years of experience on its own record. They're one of the world's leading trading platforms and also a dominant figure in the Fintech revolution.

It majorly owes this standing to its incredible platform and wide selection of tools plus resources so you can invest in capital markets.

Is OANDA a con?

No, OANDA is not a con. They are regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) and must adhere to their rules. Thus, it is safe to say that OANDA is not a scam.

Can you make money with OANDA?

Through OANDA, several traders earn a lot of cash. However, typically, through continual trading, you can create between 2% - 10% profit a month.

This can look to be a small number, but within the year, this adds to a substantial amount of gains. Even though OANDA provide you all of the tools to make money, they cannot guarantee you will gain.

Does OANDA have fees?

Yes. To start trading with OANDA, you have to deposit $1. Particular commissions while trading additionally apply. Any processing fees from your bank might have to be incurred by you.

When was OANDA founded?

OANDA was founded in 1996 in United States, Canada. OANDA is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC).

How many people use OANDA?

OANDA is a globally recognised agent with 10,000+ clients.

Where is the OANDA head office?

OANDA has its head office in United States, Canada

Does OANDA offer negative balance protection?

No. OANDA does not offer negative balance protection. If your balance is unfavorable, OANDA suggests that you promptly contact client services. For this, you can fix any imbalances within your account.

Does OANDA offer guaranteed stop loss?

OANDA regrettably, does not offer guaranteed stop loss. OANDA provides an opportunity to its traders to close their trades at their specified price. Apart from that, OANDA doesn't provide guaranteed stop loss.

Does OANDA allow scalping?

Yes, OANDA do allow scalping. Many traders across the world choose OANDA for their scalping services. They offer trading on MT4, OANDA Desktop, OANDA Web, OANDA Mobile which allow this.

Does OANDA allow hedging?

Yes, OANDA does allow hedging.

Can you trade energies with OANDA?

Yes, you can trade energy stocks with OANDA

Can you trade agricultural shares with OANDA?

Yes, you can trade agricultural stocks with OANDA

Can you trade cryptocurrency with OANDA?

No, unfortunately you cannot trade cryptocurrency with OANDA

Can you trade metals with OANDA?

Yes, you can trade metals with OANDA

Can you trade UK Shares with OANDA?

No, unfortunately you cannot trade UK shares with OANDA

Can you trade US Shares with OANDA?

No, unfortunately you cannot trade US shares with OANDA

Can you trade Japanese Shares with OANDA?

Yes, you can trade Japanese shares with OANDA

Can you trade German Shares with OANDA?

Yes, you can trade German shares with OANDA

Does OANDA accept bank transfers?

Yes, OANDA accepts bank transfers for depositing money.

Does OANDA accept credit cards?

Yes, OANDA accepts credit cards for depositing money.

Does OANDA accept PayPal?

No, OANDA does not accept PayPal.

Does OANDA accept Skrill?

No, OANDA does not accept Skrill.

Does OANDA accept Payoneer?

Yes, OANDA accepts Payoneer for depositing money.

Does OANDA accept Neteller?

No, OANDA does not accept Neteller.

Does OANDA offer Live Chat customer support?

Yes, OANDA offers customer support through live chat.

Does OANDA offer phone customer support?

Yes, OANDA offers customer support over the telephone.

Does OANDA offer email customer support?

Yes, OANDA offers customer support through email.

What languages can OANDA communicate in?

OANDA has the ability to communicate and support customers who speak: English, and Chinese

Does OANDA have a wikipedia page?

No, OANDA does not have an official wikipedia page.

Does OANDA offer demo accounts?

Yes, OANDA offers demo accounts so you can test your trading strategies before risking any real money. Inexperienced traders can open a virtual portfolio account in order to become better acquainted with the aspects of Forex trading and test out some of the company’s features before risking a live account.