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OANDA Testimonials

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Dahlia B
Mar 23, 2022
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I don't know man... To say that they are scammers...

I don't know man... To say that they are scammers is a little bit exagerated. But I can't say that they are an honest broker too. On some point, they let you placed you order but sometimes their prices are completely different with other broker.

Testimonial OANDA
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Westin
Mar 22, 2022
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Overhyped. It's true that OANDA is one of the oldest...

Overhyped. It's true that OANDA is one of the oldest broker, but it seems like they are less developed with the times. No new breakthroughs have been made. I, as an old OANDA trader, can be said to be quite bored with this lack of innovation.

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Genie Rose
Mar 21, 2022
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Good broker, but not to extend I would trade longer...

Good broker, but not to extend I would trade longer with. I have repeated occasion when my order closed automatically. The slippage is frustating too. 3 months tyrading woth OANDA is enough for me.

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Billy Jean
Mar 18, 2022
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OANDA's slippage is real you guys. So it's a big...

OANDA's slippage is real you guys. So it's a big red flag from me. I don't care on how good other people say it, but as for me, OANDA is a bad broker. There are many other good broker.

Testimonial OANDA
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Raymond Tyler
Jun 3, 2019
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The order executions in Oanda is insane, I think it's...

The order executions in Oanda is insane, I think it's one of the best brokers I have ever tried (in terms of executions). I use MT4 and I have been very satisfied. Even better, they have no swap fees, but Oanda does charge interest by the second. Spreads is good, but sometimes it can jump from 1.9-pips for GBPUSD to over 30.0-pips (as far as I know, I haven't checked other pairs). Oanda accepted a deposit from my bank but wont to allow me to withdraw funds. I don't understand why they can't let me withdraw if they can accept my deposit from the same bank?

Testimonial OANDA
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Velma Tran
Aug 19, 2019
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While I think that Oanda has been very successful in...

While I think that Oanda has been very successful in creating the best trading conditions, there is some room for improvement. The support system has really nice staff that answer quickly no matter what do you ask. But, this should be accompanied by enough knowledge regarding the situations. It feels like they are answering as fast as they can, simply to answer questions. Although in the end they really do provide solutions, it would be nice if they can be more reliable early on. 


The deposit can be really hard, don't you guys want me to trade? All of my cards being rejected several times. They blamed my bank but I was able to make a deposit with the same card in another broker. So I'm not sure that my bank is the problem here. Maybe suggest a better deposit method? I would be happy to change it as long as its a viable option for me.

Testimonial OANDA
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Ramon Lane
Dec 11, 2021
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Withdrawing is really hard with Oanda, I almost couldn't see...

Withdrawing is really hard with Oanda, I almost couldn't see my own money again. I put an inquiry in order to withdraw my profits, but it took so long for them to process it. It took about two weeks for the money to arrive in my account. That is a really long time, and during that time I have to keep reminding them about it. That's not all, I was trading major pairs, everything went well until they decided to kick me out of the positions. I checked, thinking it must have been my stop loss triggered. But no, it was still far away from my stop loss. They claimed it was a market slippage.

Testimonial OANDA
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Frankie Carter
Mar 22, 2022
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I think Oanda is the best broker for new traders...

I think Oanda is the best broker for new traders with little experience with the markets. They are great to practice and improve your risk management using real money. The reason is that they allow traders to place orders as small as $1 (contract size) in any currency pair. I also love the fact that the Oanda trading platform is integrated with TradingView since I really like the appearances. Unlike MetaTrader, it feels so bright and easy to navigate. That being said, they also have several difficulties as well. For example, their account management site is quite outdated and has a very poor user interface. you need to go through several steps to get a report on daily Profit/Loss. It's really a hassle. I still think they are deserve to be given 4 stars tho.

Testimonial OANDA
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Chacha
Jul 22, 2020
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OANDA offers too little leverage limit. This isn't suitable for...

OANDA offers too little leverage limit. This isn't suitable for small capital traders.

Testimonial OANDA
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Cooper
Jul 22, 2020
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From the first year until now, I trade using OANDA...

From the first year until now, I trade using OANDA and still consider they are the best and most trusted broker. The lot position offered is flexible and the platform is very user-friendly. However, their spreads on Saturdays and Sundays are quite wide, so I have to trade on weekdays. A little troublesome, anyway, but I've already matched with OANDA.

Testimonial OANDA

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