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Oanda is yet another bucket shop that is running a dealer desk to get people out of there money. They widen the spreads up to unbelievable amount during economic news and hunt stops.
Stick to regulated ECN forex brokers and avoid market makers like Oanda, because they wont be happy if you end up making any profit off them.
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
3.2
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:
Deposit/Withdraw
Bank Wire, Credit card, PayPal
Platforms:
Metatrader, FxTrade (Java), iPhone, iPad, Android, Blackberry
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