Oanda is a good honest company and I actually recommend them. But there are a few things that you need to be aware of before you even start trading. For example, If you are an active trader during peak hours then perhaps a huge spread can be a problem. However, this is not a deal-breaker for me, after all, this also happens to all brokers. Risk and money management are keys to booking profits and cutting losses.

When I first began trading with them in 2018 they were really great and I keep reading wonderful reviews about them. When I began I had a 93% winning streak for 3 months and tripled my money, that's when the problem arrives. It began a day after making my first limited withdrawal. in Oanda, the withdrawal is limited and must be done in increments of $9000. After that moment limit orders were always a Pip away or less even with huge moves. Bids all resulted in instant reversal of the bid. Basically, it feels like they are trying to stop me from being profitable.

This is one of the best brokers I have ever tried. First of all, there are many features available on the website. If you have a real account, you get access to a huge of historical prices. The market depth is really unrivaled to any other broker I have tried before. I really recommend Oanda for all kinds of traders.

Oanda is a good broker, I'll give them that. But their platform user interface is TERRIBLE! When I say that I don't mean that the platform is ugly and not up to my liking. It is very glitchy and very laggy. It's really disrupting the trading process. I always have spyware and adware every time the software opens because I scan my computer after I close it out with spy doctor. I can't believe this is the quality I have. It always closes out on its own and this is VERY annoying.

I like them due to their deep market liquidity and competitive spreads, they also have great stable conditions which are perfect for trading. I mostly used their automated trading and it requires backtesting on history. So I need high-quality data and it's available on the website. I find that their features are one of the most affordable among all of the other brokers that I have tried before. One of the reasons because all of their data are available in ticks and I can convert it into different timeframes, so there is no need to pay extra money for data from other vendors. If you need a good broker and high-quality data for testing your algorithms, I think Oanda can be a good go-to broker.

Oanda is a great broker with a solid reputation. in fact, I have been staying with them for years to trade small positions, they are the best for it. Oanda was the first retail forex broker that has provided tick data for all currencies. I still trade with them by testing expert advisers on small accounts. There are many features available on the website. If you have a real account, you get access to a huge of historical prices. I love their automated trading as well since it's really good for backtesting strategy. Definitely recommend, especially for newbies.

I haven't really been active these days, so I haven't checked my account. But I did I was really surprised to find out that Oanda has wiped out almost all of my funds. When I asked them what happened they said it was the 'inactivity fees'. Now, normally I wouldn't be too mad if it's was indeed my fault. But the reason why I am 'not active' is because I was trading long term, I was investing a lot of time in it. They should have a better understanding of what they mean by being inactive. A lot of people hold their positions for a long time, not everyone is a day trader.

I was trading NZD/CHF with them several days ago. At first, everything was going really great and I was in a profitable position. Because of the nature of my strategy, I don't have to check my charts every so often, so went and do my daily activity as usual. Only checking the positions every once in a while. Suddenly I was out of the market! Oanda kicked me out of it even though I was in a good place and nowhere near loss. The price was nowhere near my stop loss but they stopped me out. When I questioned it, they claimed it was a market slippage that caused it which is fair enough but what annoyed me was taking £18 instead of £11 the agreed stop-loss price.

So I made an account in Oanda and to apply I am required to give my contact information which is normal. This also happens in a lot of brokerages. I was also required to give my phone number and again I think this is normal. I have applied in a lot of brokerages so it's fine, I know the drill. I give them my real phone number because I know that they will send me the OTP number. But, as soon as I applied I received a lot of phone calls from unknown numbers. I mean A LOT! I got spam calls from different countries. I don't know if they are selling your number to a third party or it was their marketing trying to sell you something. But it is annoying!

Originally came to Oanda because people keep saying that they are a great broker for scalping. In the beginning, it is true, no doubt about it. They do allow scalping. Price-wise they are very affordable, especially in the low spread department. Even their commission is one of the lowest I have ever seen. However, they now apply a new Admin fee to my account, which destroys the purpose of finding an affordable broker for scalping. They are like many others who do not advertise this fee until you open an account. I honestly wouldn't mind paying it if only they told me beforehand. Because I have already created a trading plan which includes how much money I can spend and how much I am willing to pay for the cost. This is not worth it.