OANDA is a market maker broker founded in 1996. It is under the auspices of the main company OANDA Corporation, which is headquartered in San Francisco, United States of America. OANDA branch offices are spread all over the world, including in England, Singapore, Japan, Canada, and others.
OANDA forex broker was founded in Delaware, United States of America, by Dr. Michael Stumm, lecturer in Computer Engineering at the University of Toronto, Canada, and his colleague Dr Richard Olsen from The Olsen Ltd which is one of the leading econometric research institutes. Since then, OANDA has won various awards from various parts of the world. This achievement was driven by OANDA's enthusiasm for making new innovations in the world of forex trading and the reliability of its services.
OANDA's regulatory guarantees are very satisfying. It is recorded on its website, OANDA, which is located at www.oanda.com and can also be accessed at www.oanda.sg, has the following licenses:
- OANDA Corporation registered with the United States CFTC and NFA (NFA#0325821)
- OANDA Asia Pacific Pte. Ltd. regulated by the Monetary Authority of Singapore (CMS License No: CMS100122-4) and holds a commodity trading license in Singapore (Commodity Brokers License No: OAP/CBL/2012)
- OANDA (Canada) Corporation ULC is registered with the Investment Industry Regulatory Organization of Canada
- OANDA Europe Limited is regulated by the UK FCA (#542574)
- OANDA Japan Inc holds a type 1 license from JFSA Japan and is a member of FFA Japan (#1571)
- OANDA Australia Pty Ltd is also regulated by ASIC Australia (ABN 26 152 088 349, AFSL No. 412981)
- OANDA Global Markets Ltd is regulated by FSC British Virgin Islands (SIBA/L/20/1130)
|Website||Click here to visit OANDA's official site|
|Headquarters||San Francisco, United States of America|
|Regulators||OANDA Corporation registered with the United States CFTC and NFA (NFA#0325821), OANDA Asia Pacific Pte. Ltd. regulated by the Monetary Authority of Singapore (CMS License No: CMS100122-4) and holds a commodity trading license in Singapore (Commodity Brokers License No: OAP/CBL/2012), among many others.|
|Customer service||?? 24/5|
|website language||English, Thai, Spanish, Portuguese, Vietnamese, Indonesian, Malay, Japanese, French, and Chinese|
|Deposits And Withdrawals||Paypal, Wire Transfers, Credit and Debit Cards|
|Trading platforms||MetaTrader 4 and MetaTrader 5 for Desktop and Mobile, as well as their own OANDA's fxTrade|
|Trading instruments||59 forex pairs, 23 metal pairs, as well as commodity and index CFDs|
|Minimum initial deposit||$1|
|Minimum Lots||There is no minimum lot limit|
|Hedging||??, as long as it's not in the same account|
|Zero Spreads Account||?|
OANDA Broker Advantages
Strong Regulatory Assurance
The OANDA broker is also known for its very strong regulatory guarantees. As can be seen above, OANDA has been subject to regulation from well-known authorities such as the CFTC and NFA from the United States, the UK FCA, and ASIC Australia.
Unique And Informative FXTrade Trading Platform
OANDA is known as one of the leading forex brokers, and its unique platform, fxTrade, and the tools it provides are widely used by the World's leading traders and analysts.
Free Access to Autochartist for All Clients
OANDA's other added value is provided by OANDA Technical Analysis which exists in collaboration with the technical analysis provider company Autochartist. OANDA Technical Analysis will monitor price movements non-stop and automatically recognize patterns that are created on the charts and send alerts to traders when the pattern they are waiting for appears. Access to this technology is free for all OANDA clients.
Strong Regulations from Several Countries
As proof of its competence, OANDA has 6 offices spread across Singapore, Sydney-Australia, Tokyo-Japan, England, New York, San Francisco and Toronto. OANDA Group complies with the regulations in force according to the regulations of each country. For OANDA traders who are domiciled in the United States, the maximum leverage offered is 1:200 and hedging is not allowed.
Suitable For Big Cap Traders
OANDA broker is suitable for deep-pocketed traders, especially those who want extra tight regulatory guarantees and base their analysis on technical methods. Beginner traders with limited funds can practice using the demo account provided by this broker, but may find it difficult to trade live due to the small leverage and strict trading restrictions.