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Real-time rates and lowest spreads.
OANDA is one of the most experienced and innovative forex broker companies. Founded in 1995 by Dr. Michael Stumm, a professor of Computer Engineering at the University of Toronto, and Dr. Richard Olsen of The Olsen Ltd., a leading econometric research and development firm. In 1995 Oanda was the first broker to offer a vast range of currency trading information online for free and in 2001 it was the first to offer fully automated online currency trading. It was Oanda who introduced graphical forex trading as we know it today. The strong side of OANDA is their unique trading software that provides very tight spreads and fast executions. OANDA’s currency rate tools and up-to-the-date forex news and analysis are used by many leading financial institutions and companies which speaks for their quality. OANDA’s clients receive free access to news feeds from Thomson Reuters, Dow Jones, UBS, and 4Cast. Oanda also offers analytic trading tools and aggregated real-time expectations and positions of thousands of our traders to create a market sentiment index. Oanda platform is well suited both for beginners and experienced traders – beginners will enjoy the user friendly interface, that there is no minimum deposit and as the experience grows the traders will appreciate the advanced tools and resources provided.
[icon name=icon-graph] Detailed rating
[icon name=icon-star] Awards
[icon name=icon-th] 2012 Best forex provider – Financial Times & Investors Chronicle
[icon name=icon-th] 2012 Highest Overall Client Satisfaction – Investment Trends
[icon name=icon-th] 2012 Value for money – Investment Trends
[icon name=icon-th] 2012 Best Forex Broker – Forex Magnates
[icon name=icon-key] Key figures
[icon name=icon-arrow-right] Founded: 1995
[icon name=icon-arrow-right] Headquarters: New York (USA)
[icon name=icon-arrow-right] Minimum Deposit: $1
[icon name=icon-arrow-right] Execution type: No Dealing Desk (NDD)
[icon name=icon-arrow-right] EUR/USD spread: 0.9 – 1.3 pips
[icon name=icon-arrow-right] Maximum Leverage: 1:50
[icon name=icon-arrow-right] Money Withdrawal: 3-7 working days
[icon name=icon-arrow-right] Commissions: No*
[icon name=icon-arrow-right] Payment options: Paper Check, PayPal, Bankwire and Credit Card
[icon name=icon-arrow-right] Withdrawal options: Paper Check, PayPal, Bankwire and Credit Card
[icon name=icon-arrow-right] Contacts: [email protected]
*Small deposit/Withdrawal fees might apply depending on the type of payment method
[icon name=icon-thumbs-up] Pros
[icon name=icon-plus-sign] Simple to use but highly powerful and innovative technology.
[icon name=icon-plus-sign] Very tight spreads.
[icon name=icon-plus-sign] No Rollover swaps so long term trades can be made.without worries
[icon name=icon-plus-sign] State of the art market data software, professional up-to-the-minute news and analysis.
[icon name=icon-plus-sign] Rich in unique features (Tear-away windows, different time-horizons, visible SL/TP and entry points, drag-and-drop setting of SL/TP thresholds.
[icon name=icon-plus-sign] You can receive interest on the whole account balance.
[icon name=icon-plus-sign] High security level with encrypted communication.
[icon name=icon-plus-sign] No discrimination – everyone despite the trading amounts get the same spreads
[icon name=icon-plus-sign] No software to download.
[icon name=icon-plus-sign] Rich variety of platforms: from web, iPhone, iPad, Android, blackberry, MT4 and API’s for access from corporate software.
[icon name=icon-plus-sign] Multiple sub-accounts so funds can be transferred between different currencies or converted to strategic currencies.
[icon name=icon-thumbs-down] Cons
[icon name=icon-minus-sign] During the news releases the spreads might widen.
[icon name=icon-minus-sign] MT4 platform integration has occasional delays.
[icon name=icon-minus-sign] Hedging not available.