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Oanda is one of the FEW honest Forex market makers out there

Oanda is one of the FEW honest Forex market makers that exist.

I have been trading with them for over 5 years.

The only complaints I have are a few price spikes which were always corrected, and their platform which had some connectivity issues every now and then. Both problems have become very rare.

Their low spreads are great, and they have true instant one click execution. I don?t know how many trades I have done through Oanda, but I never had a requote or any other problem with trade execution.

The other thing that I really appreciate with them is, that it usually takes only 24 hours for a withdrawal to appear on my bank account. I find this pretty amazing. It allready takes 1-2 days for a wire tranfer within Germany!

Overall, I think they are a very good forex broker. However, if you have A LOT of money, don?t be stupid and trade forex, but trade futures instead.

Pat, FPA 2010-02-13

OANDA OANDA FX Review

Oanda Review: Oanda FX  real spread on MT4

Find Better Broker 

Headquarters:140 Broadway, 46th Floor, New York, NY 10005 

Country: United States

Regulated by: CFTC, NFA , MAS, FSA, IIROC, DFSA

Branches:
OANDA UK 
OANDA Japan 
OANDA Asia Pacific
OANDA Middle East 

Trader's rate 3.2
Editor's rate 3.8

Account Details: 

minimum deposit: $1

minimum contract size: $1

max leverage: 1:50 

 

Spread:

Variable, from 0.8 pips on EUR/USD

 

Dealing:

Market Maker

 

Deposit/Withdraw

Bank Wire, Credit card,  PayPal

 

Platforms:

Metatrader, FxTrade (Java), iPhone, iPad, Android, Blackberry



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