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Forex

Oanda's Global Transfer is very convenient

More than 5 years and had also other brokers. Now, I just keep Oanda. The possibility to open sub-account in other currency is great. Global Transfer is very convenient as weel.

Nouche, Goforex.net 2009-08-03
Forex

OANDA OANDA FX Review

Oanda Review: Oanda FX  real spread on MT4

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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 2.9
Editor's rate 3.80

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



Out of all the forex and CFD brokers out there, Oanda must the most tech-savvy one. The Toronto-based company employs various methods of nurturing creativity and technological innovations – such as holding regular hackathons for its employees for example.  

 
With this said, it is no surprise that along with MetaTrader 4 (MT4) Oanda offers its own trading platform – fxTrade. The platform's probably coolest feature is fxTradeNow – a Google Chrome extension that lets you trade from any webpage without leaving it. It's fast, it's hefty and we're loving it. The fxTrade bridge for MT4 is another cool thingy that you can 
 
The fxUni educational program aimed at teaching tertiary students how to trade students is another perk for both students and the broker, who uses the opportunity for headhunting. 
 
Now let's talk actual trading: transparent pricing, fast execution, tight spreads (courtesy of Oanda being a market maker). Customer money is backed up by the company's compliance with seven regulatory bodies around the world: CFTC and NFA (both in the USA), MAS (Singapore), IIROC (Canada), FSA (UK), FSA and KLFB (Japan), FFAJ (again Japan). 
 
As we already mentioned, Oanda is crazy about education. Novice traders have access to extensive learning materials, demo accounts, technical trading resources, forums and community message boards, etc. With a minimum deposit requirement of $1 and the fact that they can actually trade with this amount, beginners have nothing more to ask for. 
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