OANDA is a recognized international broker registered in the USA, which offers a wide range of financial services to clients around the world. Founded in 1996, the company has established itself as a reliable player in the financial markets and is currently regulated in four different jurisdictions. The main regulator is the Financial Conduct Authority (FCA) of the United Kingdom, which indicates high standards of financial control and security.

The company has several prestigious awards that confirm its high achievements and reputation in the industry. Among them are the award for the "Best technologies for Forex trading" from the UK Forex Awards resource, the award for the "Best trading Platform" from FX Week and recognition for the "Best customer service" from the US Foreign Exchange Report. These awards highlight the effectiveness and quality of the services provided.

OANDA provides customers with the opportunity to open accounts in several currencies, including the American dollar (USD), euro (EUR), Hong Kong dollar (HKD) and Singapore dollar (SGD). This flexibility in choosing the account currency allows traders and investors to adapt their trading strategies depending on their preferences and needs.

One of the key advantages of OANDA is the absence of a minimum deposit to open an account, which makes the broker accessible to traders with different levels of capital. It also allows novice traders and investors to try their hand at financial markets without significant initial investments.

The broker offers leverage of up to 1:200, which allows traders to open positions that are 200 times their net worth. Such leverage can significantly increase potential profits, but it also increases the risk of losses, which requires traders to take a careful and balanced approach to managing their investments.

The spreads provided by OANDA start from 0 points for currency pairs, which makes trading more profitable and reduces transaction costs. Low spreads are an important factor for active traders and those engaged in short-term trading.

The company offers a wide range of trading instruments, including currency pairs, indices, precious metals, commodities and cryptocurrencies. This diversity allows clients to diversify their investments and use different trading strategies.

An important aspect is also the stop-out level set at 50%. This means that if the trader's margin position drops to 50% of the required level, the broker will automatically close the positions to prevent further losses. This helps to manage risks and protects traders from excessive losses.

Thus, OANDA is a reliable and flexible broker with a high level of regulation, a variety of financial instruments and attractive trading conditions.

Trading conditions

OANDA Broker provides its clients with diverse and attractive conditions for trading on financial markets. One of the key aspects that distinguishes OANDA is the lack of a minimum deposit for opening a Standard account, which makes it accessible to traders with different levels of capital. For a Core account, the minimum deposit is $40. 

Spreads depend on a particular trading instrument and can start from 0 points for currency pairs, which reduces trading costs and provides traders with the opportunity to effectively manage their positions. The minimum transaction volume is set at 0.01 lots for all types of accounts, which allows you to start trading with small volumes and reduce risks.

The broker offers a maximum leverage of up to 1:200, which may vary depending on the trading instrument. This gives traders the opportunity to increase their potential profits, but requires a careful approach to risk management.

In terms of trading platforms, OANDA provides access to popular solutions such as MetaTrader 4 (MT4), WebTerminal MT4, MetaTrader 5 (MT5) and its own fxTrade platform. This gives traders the choice of the instrument that best suits their preferences and trading strategies.

The company offers various types of accounts, including Standard, Core, Swap-free, Premium and Premium Core, which allows you to choose the most appropriate option depending on the individual needs of the trader. Accounts can be opened in USD, EUR, HKD and SGD currencies, which provides flexibility in money management.

Deposits and withdrawals are possible through various methods, including Visa, Mastercard, Skrill, Neteller and other alternative payment systems. This ensures the convenience and accessibility of financial transactions.

At the moment, OANDA does not provide PAMM accounts, which may be important for those who are looking for opportunities to manage assets through such accounts. However, the broker provides a wide range of trading instruments, including currency pairs, indices, precious metals, commodities and cryptocurrencies.

The stop-out level is set at 50%, which means that positions are automatically closed if the margin level drops to this level. This helps to prevent excessive losses and manage risks.

OANDA cooperates with major liquidity providers such as J.P. Morgan, Deutsche Bank AG and Royal Bank of Canada, which ensures high quality of order execution and stable trading operations. The broker also provides opportunities for mobile trading, which allows you to manage positions via mobile devices.

The OANDA affiliate program gives you the opportunity to earn money by attracting customers and creating partnerships. All orders are executed at the market price (Market Execution), which guarantees prompt execution of transactions at current market quotations. Traders can use Expert Advisors to automate trading, which allows them to effectively implement complex trading strategies. However, OANDA currently does not hold contests or offer bonus programs, which is important to consider for those who are looking for additional incentives to trade.

Comparing the OANDA broker with brokers such as InstaForex, Exness, Eightcap and Traddoo, we can conclude that OANDA is an excellent choice for traders looking for flexibility in deposits and competitive spreads, but may be inferior in terms of maximum leverage and cent accounts compared to some competitors.

Commissions and fees

Oanda Broker provides two types of trading accounts: Standard and Premium. Both categories have the same conditions for commissions and spreads. The spread for these accounts starts at $11, which can be considered a fairly high indicator compared to other brokers on the market. 

Withdrawal fees also have their own characteristics. If you withdraw money to a debit card, no commission is charged, which is an advantageous condition for users who prefer this method. If the withdrawal is made to a credit card, then within one month the first withdrawal is also free. However, if more than one withdrawal to a credit card is made during the month, a commission of $15 or more will be charged for each subsequent withdrawal. This can become a significant expense item if you frequently withdraw funds to a credit card.

Additionally, Oanda provides the ability to withdraw funds through the PayPal payment system. However, it is worth noting that this method is only available for currencies such as American dollars, euros and British pounds. This may limit the ability of users who want to use other currencies for their transactions.

When comparing the trading commissions of the Oanda broker with other popular brokers on the market, you can see that the average commission from Oanda is $ 11. This puts Oanda on a high level compared to other brokers. For example, RoboForex has an average commission of only $1, which is classified as a low level, and Pocket Option has an average commission of $ 2.5, which is considered an average level. This means that Oanda's trading costs may be significantly higher than those of these competitors, which is important to consider when choosing a broker.

In addition, Oanda has a commission for transferring trading positions to the next day, also known as a swap. This is a standard practice among most brokers, but its presence may affect the overall costs of the trader. All these fees should be carefully considered when deciding to cooperate with a broker in order to avoid unexpected additional costs.

Safety

Oanda Broker has established itself as a reliable player in the financial market, having licenses from four respected financial regulators. The main regulator is the Financial Conduct Authority of the United Kingdom (FCA), which assigned the broker license number 542574. This demonstrates the high standards of compliance with rules and regulations in the UK. In addition to FCA, Oanda is regulated by the Financial Services Commission of the British Virgin Islands (FSC - BVI), licensed number 2026433, the Securities and Investments Commission of Australia (ASIC) with registration number ACN 603 856 551, and the Investment Industry Regulatory Organization of Canada (IIROC). These licenses emphasize international recognition and compliance with various financial regulatory standards.

Among the advantages of working with Oanda, there are several key aspects. Firstly, the broker provides a high degree of transparency: all regulations and rules for the provision of financial services are published on the official website and are freely available. This allows traders and investors to easily familiarize themselves with the company's working conditions, their rights and obligations, which contributes to a better understanding and trust in the broker. Secondly, the availability of licenses from four different regulators strengthens the credibility of Oanda, as the company is obliged to comply with strict requirements and standards in different jurisdictions. Third, regulation by the FCA — one of the most reputable financial regulators in the UK — ensures that relationships between market participants are carefully monitored and regulated to high standards.

However, the Oanda broker has certain disadvantages. Firstly, complaints are accepted only in English, which can create difficulties for clients who do not speak this language, complicating the complaint process. Secondly, the broker restricts the consideration of claims by traders with small amounts, which may affect the possibility of reimbursement for those who have less significant financial losses. Thirdly, the process of filing and reviewing complaints can be complicated and lengthy, which increases the waiting time for a decision and may cause additional inconvenience to customers. Claims related to compensation for moral damage are also not considered, which limits the possibility of compensation for non-material damage. In addition, it may take at least six months from the moment of filing a complaint to its consideration, which is a significant period and can become a serious obstacle for those who expect a quick solution to their issues.

Thus, despite the high standards of regulation and transparency, working with an Oanda broker can be fraught with certain difficulties associated with filing and reviewing complaints, as well as restrictions on the types of claims. These factors should be taken into account when deciding to cooperate with a broker in order to be aware of possible difficulties and additional conditions that may arise in the course of work.