This Oanda review was conducted by the team of Forextrading.biz for those who want to know about the Oanda forex broker. OANDA broker is a multi-faced financial services CFD and Forex broker and market maker. Established in 1996, OANDA is based in New York and is accessible for traders in the Europe, U.S., Canada and Asia. The company has been the recipient of numerous international awards and is regulated in 6 different countries under CySEC, NFA, CFTC, ASIC, FCA and MiFID.
OANDA was the 1st broker in 1995 to provide a wide range of currency exchange-rate information free of charge over the Web. Nowadays, it possesses one of the world’s leading and most exact databases of currency rates, managing more than a million queries in a day.
Oanda Trading Platforms
Oanda Forex broker can be reached for trading through three main type’s platform. Check out them now:
- Fx Trade Desktop, which is the 1st trading platform that was well-known by the brokerage firm
- Mobile Forex trading that provides you a chance to trade through your favourite mobile device without being limited by location or time.
- MT4 or the most prevalent software type to participate in financial marketplace.
For more information about the broker trading platform visit “ForexSQ” Oanda review page.
OANDA provides a standard account and there is not any minimum deposit required to open it. A demo account is presented for traders just wetting their feet in Forex trading. Unlike other Forex brokers that provide the demo account for a limited time period, OANDA’s fxtrade Practice is accessible for as long as it takes a trader to beef up his trading skills beforehand opening a real account.
Spreads and Leverage
Offerings Spread are competitive. For currency pairs, the EUR/USD pair can be as little as 1 pip. Spreads for CFDs differ by asset choice. OANDA also delivers an online tab on its website that details the normal spreads on all assets offered, all changing in real time. As for leverage, the standard of 20:1 for exotics and 50:1 for majors applies to currency pairings, however leverage for CFDs may vary extensively, depending on the sector of the marketplace.
Traders can reach customer support services through live chart, email and phone during local trading hours and by posting a question online.
Deposits and Withdrawals
Debit cards, credit cards, Checks, or wire transfers might be used to fund your trading account with OANDA. Withdrawals will at all times follow the same path, as required by international law. All withdrawal demands will receive fast processing, as long as your individual identity information, again as essential by international law, is current, on file, and in order.
To open a free demo account with the Oanda brokerage you can visit “TopForexbrokers.com” Oanda review page. The broker is an important financial service provider. The website is simply navigated and opening an account is straight forward and can be done speedily. The broker provides a full line of services and products and is universally regulated. I was happy to see a site plan that comprised all the topics I was looking onward. Not all brokers supply this, Wikipedia says. For mobile trading you can download the broker Google Android application or itunes IOS app for Apple products.
If you like this Oanda review conducted by www.forextrading.biz then share it on social media networks please. Follow Oanda broker on Twitter, Facebook, Youtube , Google+.