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Oanda will cheat you if they think they can get away with it

I've had more than 20 Futures Forex brokers over 25 years. Oanda is my most recent Forex broker.

They have a fairly reliable trading platform and I give this a good rating.

The integrity of the employees and the owner is lacking though; this weakens their position as a good Forex broker. They will cheat you if they think they can get away with it.

K, GoForex 2010-10-17

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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