Oanda Review

Overall Rating

4.8/5

Rated #3 of Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FCA, CFTC, ASIC, FSC, BVI and IIROC

📱 Trading Desk

MetaTrader 4 (MT4)

MetaTrader 5 (MT5)

 Crypto

Yes

📈 Total Pairs

45 

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

OANDA is an AMERICAN forex broker company that is based in New York City. OANDA was founded in 1996.

Finding a reputable OANDA review local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth review regarding OANDA to help you make an informed decision before opening your account or trading on their platform.

According to research recently conducted, OANDA is a forex broker company with its headquarters situated in the United States of America.

A Forex broker is a company that provides traders with access to a variety of platforms that allow them to buy and sell currencies from all over the world. Forex brokers are also known as retail forex brokers or currency trading brokers.

Retail currency traders use brokers in order to get access to the 24-hour currency market for speculative reasons, to make a profit.

Institutional clients and large companies such as investment banks also make use of forex broker services.

OANDA was one of the very first companies that provided inclusive currency exchange information online.

OANDA supported the development of their trading platform as they believed from the very beginning that the invention of the internet would open the markets for data and trading to all people.

Since its inception, OANDA has grown to an international company with offices in eight different financial centers in the United States of America, Canada, the United Kingdom, Japan, Singapore, and Australia. OANDA serves clients in approximately 200 different countries all over the world.

OANDA adheres to the strict regulations of six major authorities and is a leader in currency data, offering both Forex and CFD trading, corporate FX payments, and exchange rate services for many companies and investors all over the world.

OANDA is a trusted company and some of the biggest international companies make use of them. These entities include big brands like Google, TESLA, Airbnb, KPMG, FedEx, IATA, PWC, Twitter, Expedia, and others.

OANDA’s commitment to the global financial markets has led to multiple awards and their own clients have praised them for their unbelievable customer service, the value gained for their money, and their overall satisfaction.

Awards and Recognition

Forex broker companies are often honored with awards from admired organizations or publications such as newspapers and magazines, and this contributes readily to the company’s trust.

OANDA is a multi-award-winning broker and has accrued many awards during its years of service to traders. OANDA has earned the following awards over the years:

2020

Most Popular Broker 2020 – As voted by TradingView clients

Best Forex and CFD Broker 2020 – As voted by TradingView clients

Best FX Data Provider, North America – Global Brand Awards 2020

Most Outstanding Retail-Sector FX Trading Platform – Corporate Vision Magazine’s 2020 Corporate Excellence Awards

2019

Global Banking & Finance Review Awards – Best CFD Broker Asia Pacific 2019

2018

eFX Awards 2018 Best Retail FX Platform

2017

Global Banking & Finance Review Awards Best CFD Broker APAC 2017

Investment Trends Singapore CFD & FX Report 2017 No. 1 Forex Broker

Investment Trends Singapore CFD & FX Report 2017 Best Educational Materials

Investment Trends Singapore CFD & FX Report 2017 Best Mobile Platform

Investment Trends 2017 USA FX Report Best Educational Materials

Investment Trends 2017 USA FX Report Best Platform Features

Investment Trends 2017 USA FX Report Best Value for Money

Investment Trends 2017 USA FX Report Best Mobile Platform

Investment Trends 2017 USA FX Report Highest Overall Client Satisfaction

2016

Investment Trends Singapore CFD & FX Report 2016 No. 1 Forex Broker

Investment Trends 2016 Australia FX Report Best Risk Management

Investment Trends 2016 Australia FX Report Best Educational Materials

Investment Trends 2016 Australia FX Report Best Mobile Trading

Investment Trends 2016 SGP CFD & FX Report Highest Overall Client Satisfaction

Investment Trends 2016 USA FX Report Highest Overall Client Satisfaction

Investment Trends 2016 USA FX Report Value for Money

ShareInvestor 2016 Awards Most Preferred Forex Provider

ShareInvestor 2016 Awards Most Preferred CFD Provider

e-FX Awards 2016 FX Week Best Retail FX Platform

2015

Investment Trends 2015 USA FX Report Customer Service

Investment Trends 2015 USA FX Report Mobile Platform

Investment Trends 2015 Australia FX Report Value for Money.

Investment Trends 2015 Australia FX Report Educational Materials

Investment Trends 2015 UK Financial Spread Betting, CFD & FX Report Overall Satisfaction

Investment Trends 2015 UK Financial Spread Betting, CFD & FX Report Customer Service

Investment Trends 2015 UK Financial Spread Betting, CFD & FX Report Value for Money

Global Banking & Finance Review Awards Best CFD Broker APAC 2015

ShareInvestor Awards 2015 Most Preferred Forex Provider

Investment Trends The 2015 Singapore CFD and FX Report No. 1 FX Broker for High-Value Clients in Singapore

Investment Trends The 2015 Singapore CFD and FX Report Largest FX Broker

Investment Trends 2015 USA FX Report Best Customer Service

Investment Trends 2015 USA FX Report #1 Mobile Platform

2014

Investment Trends 2014 Australia CFD & FX Report Highest Overall Customer Satisfaction

Investment Trends The 2014 Singapore CFD and FX Report No. 1 FX Broker

Investment Trends The 2014 Singapore CFD and FX Report No.1 FX Broker for High-Value Clients

Investment Trends The 2014 Singapore CFD and FX Report Best Mobile Platform

Investment Trends The 2014 Singapore CFD and FX Report Best Educational Materials

Investment Trends The 2014 Singapore CFD and FX Report Best Customer Service

Investment Trends The 2014 Singapore CFD and FX Report Highest Overall Customer Satisfaction

Investment Trends 2014 UK Leveraged Trading Report Highest Overall Customer Satisfaction

Investment Trends 2014 UK Leveraged Trading Report Best Value for Money

Investment Trends 2014 UK Leveraged Trading Report Best Research Tools

2014 UK Forex Awards Best Forex Media Resource

2014 UK Forex Awards Best Value Forex Broker

Investment Trends Highest Overall Customer Satisfaction

2013

World Finance Forex Awards 2013 Best Broker Canada

World Finance Forex Awards 2013 Best Broker Latin America

World of Trading Award 2013 Best FX Broker

International Finance Magazine Best Trade Execution Provider

International Finance Magazine Best Retail Trading Provider

International Finance Magazine Best Mobile Trading Provider

Investment Trends, Singapore CFD, Foreign Exchange Report Customer Service

Investment Trends, Singapore CFD, Foreign Exchange Report Value for Money

Investment Trends, US Foreign Exchange Report Best Value for money

Investment Trends, UK Leveraged Trading Report Best Value for money

Investment Trends, UK Leveraged Trading Report Best Customer Service

140+ Point Breakdown of OANDA 👌

📅 Year Founded1996
📍 Head Office10 Times Square
New York
NY 10018
USA
☎️ Head Office Telephone NumberTel: 1 212 858 7690
⚖️ Financial Regulatory BodiesFinancial Services Commission (FSC), FCA, BVI, ASIC, IIROC

✔️ Tier-1 Licenses 
✔️ Tier-2 Licenses 
✔️ Tier-3 Licenses 
🏦 Publicly TradedNo
👥 Active TradersNot publicly available
🏆 AwardsFind all here https://www.oanda.com/group/about-us/awards/
📊 Trading Desk TypeAutomated – no dealing desk intervention

📈 Trading ModelMarket Maker
🇺🇸 Accept US ClientsYes
🚀 Welcome BonusNo
📒 Account TypesStandard, core, swap free
🌐 Account Open LanguagesEnglish, Spanish, Portuguese, Mandarin
🛡️ Active Trader or VIP DiscountsYes
☪️ Islamic AccountYes
⌛ Time to open an account24 hours



🔘 Products OfferedForex, indices, metals, commodities, bitcoin



👮 Is OANDA safe to trade on?Yes
🔒 Server LocationNew York

💰Deposit

 
  
💰 Minimum DepositNo minimum



👍 Demo Trading Account availableYes



💳 Deposit with credit/debit accountYes



₿ Deposit with CryptocurrenciesNo

💳 Deposit with QIWINo
💳 Deposit with Bank WireYes


💳 Deposit with BitpayNo
💳 Deposit with NetellerYes
💳 Deposit with SkrillYes



💳 Deposit with Electronic WalletNo

💳 Deposit with PaypalNo
💳 Deposit with PayoneerNo
⏱️ Deposit Processing TimeInstant depending on method

📈 Currencies and Pairs

 
  
📊 Number of Base Trading Currencies45

 📊 Trading IndicesYes
📊 Trading StocksNo

📊 Cryptocurrency (Physical)No
💱 Major Forex PairsUSD, EUR, HKD, SGD

💱 Minor Forex PairsEUR/USD, USD/JPY, GBP/USD, USD/CHF, EUR/JPY, EUR/CHF, EUR/GBP, GBP/JPY, GBP/CHF, AUD/USD, NZD/USD, USD/CAD, AUD/JPY, CAD/JPY, CHF/JPY, NZD/JPY, AUD/CAD, AUD/CHF, AUD/NZD, EUR/AUD, EUR/CAD, GBP/AUD, GBP/CAD, CAD/CHF, EUR/NOK, EUR/NZD, EUR/SEK, GBP/NZD, NZD/CAD, USD/NOK, USD/SEK, NZD/CHF, USD/MXN, USD/CNH, USD/HKD, USD/SGD, SGD/JPY, USD/TRY, USD/ZAR



💱 Exotic Forex PairsYes
📈 CFDs (Total) 
📈 Stock Indice CFDsYes


📈 Stock CFDsNo

📈 ETF CFDsNo

📈 Commodity CFDsYes
📈 Blend CFDsNo
📈Bond CFDsNo
📈 Cryptocurrency CFDsYes
📉 Allows Spot forex tradingYes
📉 Allows HedgingYes


📉 Allows ScalpingYes
📉 Allows SwapsNo
💰 Maximum Leverage200:1
💰 Spreads0.6 (average core pricing)
💰 Minimum Lot Size0.01
💰 Maximum Lot Size20 million
👥 Social / Copy TradingNo
📊 ChartingYes
https://www1.oanda.com/forex-trading/tools/charting
📊 AutoChartistYes
https://www1.oanda.com/forex-trading/tools/technical-analysis-autochartist-product
👀 Watch listYes
🚨 Trade AlertsYes

 

💰 Fees

 
  
💰 Trading Fee Class 
💰 Deposit FeeWe do not charge for the receipt of deposits via any method, however, your card issuer or payment provider may charge you a fee.
💰 Account Opening FeeNo
💰 Withdrawal feeWe do not charge a fee at OANDA for withdrawal by credit or debit cards. Withdrawals by bank wire transfer will incur a fee. You may be charged a fee by your payment processor.
⏱️ Withdrawal Processing Time24 hours
💰 Spread FeeFrom 0.0
📒 Spread TypeCore or spread only
💰 Commission Fee$8 per million
💰 Inactivity feeYes

Trading Platforms

 
  
📈 ECN Forex TradingNo
💻 MetaTrader 4 (MT4)Yes
💻 MetaTrader 5 (MT5)Yes
🖥️  Zulu TradeNo

🖥️ cTraderNo
🖥️ DupliTradeNo
🖥️ MacYes
🖥️ Desktop AvailabilityYes

💻 Web AvailabilityYes
 📱 Mobile AvailabilityYes


📱  Android AppYes



📱 Apple iOS AppYes


📱Huawei AppNo
📱 Blackberry AppNo

 

🎓Education and Support

 
  
👨‍💼 Customer Service24/5


📞 Phone SupportToll Free # per region (# will be routed to the active CX desk globally)
-Canada: 1 877 626 3239
-Australia: 13000 62632



💬 Livechat SupportYes



🖱️ Email Support[email protected]





🎓 Education / Help Centrehttps://www1.oanda.com/forex-trading/learn/





🤓 Beginners Trader friendly UXYes
👥 Community ForumNo
🖩 Currency Converterhttps://www1.oanda.com/currency/converter/
🖩 Traders’ Calculator 
📆 Economic Calendarhttp://fxtrade.oanda.com/resources/economic_calendar/ec.pdf




📆 Forex calendarYes
📆 Weekly Webinarshttps://www1.oanda.com/forex-trading/learn/classroom



💵 Affiliate programYes

Safety and Protection

 
  
🚫 Two-step AuthenticationYes
🛡️ Investment insuranceNo
🛰️ FREE VPS hostingYes for active traders
⛔ Negative balance protectionWithin OANDA Europe Ltd only
❌ Stop-loss InstrumentYes
💲 Margin Call50%

🛡️ Final Scores

 
  
🛡️ Spread0.6
🛡️ Leverage200:1
🛡️ Trading PlatformMT4, MT5 desktop, web and mobile

🛡️ Range of trading instrumentsForex, indices, metals, commodities, bitcoin
🛡️ Education Score 
🛡️ Customer Service Score 
🛡️ User Experience Score 
⭐ Trust Score 

👍 Social Media Pages

 
  
🔈 Official Facebook Pagehttps://www.facebook.com/OANDAfx/



🔈 Official Twitter Pagehttps://twitter.com/oanda



🔈 Official Youtube Channelhttps://www.youtube.com/oanda


🔈 Official Linkedin Pagehttps://www.linkedin.com/company/oanda/mycompany/




🔈 Official Instagram Pagehttps://www.instagram.com/oanda/




🔈 Official Website address

💼Senior Management

 
  
👨‍💼 Current CEOGavin Bambury
👨‍💼👨‍💼 Founder/sRichard Olsen and Michael Stumm

 

OANDA Accounts

Forex accounts are trading accounts held by a trader with a company like OANDA. These are primarily created to trade in different currencies.

Usually, the type and quantity of accounts that a trader can open with a broker company like OANDA differ according to the country in which the brokerage operates, the residential country of the trader, and the regulatory authorities under whose jurisdiction the brokerage operates.

Types of Accounts and its Features

There is only one type of account openable at OANDA, but the company does allow anyone keen to try trading to play with a demo account first. Traders can open up to 19 sub-accounts to trade with different base currencies under a single account.

A trader can become a Premium client once a $50 000 deposit is made, and this comes with the benefits of custom pricing and tighter spreads.

 

Deposits and Withdrawals

OANDA charges no deposit fees so traders using OANDA can use their debit cards for deposits. There are also no minimum deposits.

Withdrawal generally is free, but bank transfers incur high costs. You also get charged more if you withdraw more than once monthly with your card.

Depending on the trader’s country of origin, transfers to and from trading accounts can also differ.

Traders depositing via PayPal will pay £0.35 per transaction plus 1.4% of the transferred amount.

With OANDA withdrawal policies vary according to the division of the company. Mostly, transactions via bank transfer, wire transfer, or credit cards are free of charge for the first request in a month, but it may cost more if you withdraw more funds. Money can also only be withdrawn to accounts registered in your own name.

Cost and Fees, Commissions and Spreads

The amount you pay when trading will depend on different dynamics such as commissions, spread, and margins.

Spread means the difference between the bid and the asking rate. Pips represent the smallest increment that an exchange rate can increase or decrease.

One pip is 0.01 for currency pairs with JPY as the term currency and 0.0001 for all other pairs.

The margin is known as the amount of cash needed in your account to open a position. This is established based on a few factors.

The price of the base currency against USD, the size (volume) of the position, and the leverage applied to your forex trading account all play a role.

The commission is a charge levied by a broker for trading on your behalf and commissions will never be the same between different brokerage companies and will vary depending on the asset traded and the type of service offered.

Execution-only brokers never offer investment advice, but allow traders absolute control over market trading. They ask to have commissions.

Contract for differences (CFDs) trading is a type of derivative trading that allows those interested in trading to speculate on the rising or falling prices of fast-changing international money markets and will incur commission.

CFD trades on other markets charge no commission but will wrap a spread around the market price of a certain instrument.

OANDA’s fees are a bit better than the industry standard as they charge low CFD and forex amounts. Non-trading fees are low too, but OANDA catches you with their withdrawal fee for bank transfers. It is quite high.

Despite this, OANDA’s EURUSD fee is also more than the average. Their CFD trading fees are lower than competitors and their non-trading fees are average.

There is no fee to put money in or withdraw from debit/credit cards. OANDA charges a low fee for PayPal withdrawal, but bank withdrawal fees are much higher. If you don’t trade and your account becomes dormant for two years, OANDA charges $10 per month.

OANDA’s bid/ask spreads (fees clients pay to trade) compare well to the competition. The minimum spread price OANDA charges is a bit steeper.

OANDA’s spread is determined through a platform connected to international banks that get the best foreign exchange and CFD rates.

OANDA prices are transparent and they always publish a trailing average of its average spread across nearly all timeframes.

 

Leverage

This process allows traders to get better exposure to the market compared to the total cash deposited to open a trade. Leveraged merchandises allow for a bigger profit, but comes with larger risk.

Leverage is a ratio, for instance, 50:1, 100:1, or 500:1. For example, if you have $1,000 to trade in your account and the trading ticket sizes are 500,000 USD/JPY, the leverage is 500:1.

The OANDA fxTrade platform supports this, so you can trade positions larger than your account balance at 1:50.

 

Bonuses

New traders are often lured with deposit bonuses, which are useful, but you need to know what it means.

It is a way to compensate traders for picking the brokerage and returns some of the expenses of opening an account to the trader once the account is active.

It is a great way to help you start but look out for the terms. Some require high volumes of the trade before you are allowed to withdraw.

The European Securities and Markets Authority (ESMA) placed restrictions on the marketing, distribution, or sale of CFDs to retail clients in 2018. This prevents brokers from directly or indirectly provide the retail client with a payment, monetary, or excluded non-monetary advantage.

OANDA does not provide any information about bonuses on their website home page.

 

Trading Platforms, Software, and its Features

Software provided by the company is called a platform and those trading use this to trade. They can represent multiple assets like forex, CFDs on stocks, stock indices, precious metals, and cryptocurrencies.

The platform choice will depend on what the client wants to trade.

OANDA developed its very own fxTrade, an easy-to-use, award-winning platform. It offers functional access to trading, which includes advanced charting tools, chart pattern recognition, institutional quality backtesting, and finance news.

OANDA’s fxTrade platform is powered by TradingView and web, desktop, and mobile trading is supported.

OANDA still offers MetaTrader4 (MT4) as well as MetaTrader5 (MT5) and a self-designed feature called OANDA Forex Labs, featuring Forex Analysis, Signals, and FX Tools. Other supported platforms from third-party developers include Seer Trading Platform, NinjaTrader, MultiCharts, and MotiveWave.

 

 

Markets, Products, and Instruments

Brokers offer all or some of the following instruments for trading:

 

Forex

Forex trading, also called FX trading, involves the currency exchange market where individuals, companies, and financial organizations exchange currencies at floating rates.

 

Commodities

Like currency exchange markets, commodity markets offer different investment opportunities for traders such as the trade of goods.

 

Indices

Equity or stock indices are actual stock market indexes. This determines the value of a specific section of a stock market.

Indices can represent a specific set of the largest companies of a nation or can represent a precise stock market.

 

Precious metals

Gold and other precious metals are contract-based tradable hard commodities that can be traded.

 

Energy

Energy prices are extremely volatile due to environmental factors, political influence, supply and demand, extreme weather, and international economic growth. This makes it a popular trading option.

 

Cryptocurrencies

The digital currency Bitcoin (BTC) has gained traction with the largest market capitalization and price levels since it first started in 2008. Currently, it dominates half of the total crypto market cap.

Litecoin (LTC) is another alternative but differs in terms of scalability.  Litecoin is another very popular altcoin and LTCUSD is a fork of Bitcoin (BTCUSD).

It is copied from Bitcoin’s code but with a few changes.

Another alternative is Ripple (RPL), a popular option among big banks with the Ripple network, a next-generation real-time gross settlement system. Money can be transferred across borders at very low costs.

After Bitcoin, Ethereum (ETH) is the second-largest cryptocurrency and allows developers to create smart contracts on a platform.

Bitcoin Cash (BCH) was created in 2017 by the Bitcoin hard fork as a new version of the blockchain with different rules.

Traders at OANDA can trade forex and CFDs, with fewer forex pairs but more CFDs than most of the competitors.

OANDA’s wide selection of CFD products includes a stock index, bond, and commodity CFDs.  Market ranges may vary depending on the OANDA entity where an account is established, for example, CFDs are not available in the United States, OANDA offers Bitcoin as a CFD.

Safety and Regulation

OANDA is heavily regulated and authorized by numerous government agencies as it operates over various jurisdictions all over the world.

There are authorities in every single country where OANDA operates:

  • OANDA Corporation is a registered Futures Commission Merchant and Retail Foreign Exchange Dealer with the Commodity Futures Trading Commission and is a member of the National Futures Association. No: 0325831.
  • OANDA (Canada) Corporation ULC accounts are available to anyone with a Canadian bank account. OANDA (Canada) Corporation ULC is regulated by the Investment Industry Regulatory Organization of Canada (IIROC), which includes IIROC’s online advisor check database (IIROC Advisor Report), and customer accounts are protected by the Canadian Investor Protector Fund within specified limits. A brochure describing the nature and limits of coverage is available upon request
  • OANDA Europe Limited is a company registered in England number 7110087, and has its registered office at Floor3, 18 St. Swithin’s Lane, London EC4N8AD. It is authorized and regulated by the Financial Conduct Authority, No: 542574
  • OANDA Asia Pacific Pte Ltd (Co. Reg No 200704926K) holds a Capital Markets Services Licence issued by the Monetary Authority of Singapore
  • OANDA Australia Pty Ltd is regulated by the Australian Securities and Investments Commission ASIC (ABN 26 152 088 349, AFSL No. 412981) and is the issuer of the products and/or services on their website. It’s important for you to consider FSG, PDS, account terms, and any other relevant documents before making any financial decisions.
  • OANDA Japan Co., Ltd First Type 1 Financial Instruments Business Director of the Kanto Local Financial Bureau (Kin-sho) No. 2137 Institute Financial Futures Association subscriber number 1571.
  • OANDA Europe Markets Limited is a company registered in Malta number C 95813 and has its registered office at 171, Old Bakery Street, Valletta. It is authorized and regulated by the Malta Services Authority as Category 3 Investment Services Licence Holder to provide services to the residents in the European Union.
  • OANDA Global Markets Ltd is a company registered with BVI number 2026433, and its registered office is at Kingston Chambers, PO Box 173, Road Town, Tortola, British Virgin Islands. It is authorized and regulated by the BVI Financial Services Commission, number SIB/L/20/1130.

 

A potential trader needs to establish first whether a broker like OANDA is safe to trade with. One of the best methods to measure this is to establish which regulating authorities play watchdog for the company.

All customer funds are fully segregated, where it is kept in top-tier bank accounts and is protected by negative balance protection. OANDA is not publicly traded and does not run a bank.

In the United States, OANDA is regulated by CFTC. FCA regulates OANDA in the United Kingdom, ASIC in Australia, IIROC in Canada, MAS in Singapore, and the FFAJ is OANDA’s watchdog in Japan. OANDA Global Markets Ltd – operating in the emerging markets (regulated by the FSC in the BVI).

Customer Support

Potential traders need to ensure that the broker company can offer support and help where it is needed.

Traders can contact OANDA in several ways:

OANDA can be contacted in numerous ways. These methods include live chat on the website, a chatbot, by phone, and by email.

Some features are available 24 hours a day, but OANDA’s live chat and phone support apply between Sundays and Fridays. The only issue with the chatbot is that it is not always able to answer all questions.

Research

Traders should always research as much as possible before embarking on trading. If you do your homework, you will trade with much more confidence.

Your success relies on your understanding of markets.

OANDA offers options to make this journey much easier. They offer research tools, such as news, technical analysis, and API.

MarketPulse offers articles plus a feed by Dow Jones Newswires that provides information and news. You will also find economic analysis there.

OANDA Labs offer tools in multiple languages.  OANDA’s charting tools are responsive, easily editable, and offer the use of more than 70 technical indicators. OANDA has great API options and you can use your own APIs in a user-friendly environment.

OANDA’s MetaTrader4 (MT4) platform stream offers news from Reuters, MarketPulse, MarketWatch, Mainichi, and CNBC

Education and Training

Before starting, potential OANDA clients should open their minds to the information and trading skills needed to be successful. If OANDA’s website doesn’t provide enough information, explore other informative sources.

OANDA’s tools include a demo account to practice, educational videos, tutorial videos, webinars, and texts.

Conclusion

OANDA is a good choice when picking a forex broker. Although OANDA’s spreads are not among the tightest and the leverage is capped to 1:200, OANDA is certainly a good option.

Disclaimer

OANDA warns potential traders that Forex and CFDs trading comes with a level of risk and may not be suitable for everyone.

Before making the choice to trade any products offered by OANDA, traders are advised to contemplate their investment objectives, needs, financial situation, and experience level.

When traders use OANDA ’s margin leveraged accounts, they should maintain a sufficient level of margin to sustain positions, since trading Forex/CFD and Options on margin carries plenty of risks. Utilizing higher than necessary leverage can backfire and you can lose some or all of your initial investment.

While OANDA makes all efforts to fill a trade at the price requested, online trading does not reduce risks associated with exchange trading. Quotes and trades are usually bound to terms and conditions, which can generally be found through the company website.

Future traders should familiarise themselves with all the threats when it comes to trading on margin and ensure they find advice from a financial advisor if they are unsure about anything, shows research recently conducted.

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