Broker Type: Market Maker
Regulation: FCA, MAS, ASIC, IIROC
Min. Deposit: no minimum deposit
Platforms: MT4, fxTrade
Found in: 1996
OANDA is a technology-driven, a financial services corporation founded in 1996, with believe that the internet would open the markets for data and trading with fair access to everyone. OANDA was the first company, which make comprehensive currency exchange information available online and supported the development of currency trading in 2001. For the last years company grown to a global corporation with offices in 8 financial centers (USA, Canada, UK, Japan, Singapore and Australia) , clients from about 200 countries, maintained support in 9 languages and strict regulations of 6 major authorities.
OANDA is a leader in currency data, offering forex & CFD trading (over 100 instruments, including currency pairs, indices, commodities, bonds and metals), corporate fx payments and exchange rate services for a wide range of organizations and investors. Their reliability and trust confirmed by the leading global brands who choose OANDA as a partner and including the biggest world organizations Google, KPMG, TESLA, airbnb, FedEx, IATA, pwc, twitter, Expedia and more.
OANDA’s commitment to democratize the global financial markets has been recognized throughout industry publications and organizations. Their clients have voted the company as number one in customer service, value for money and overall client satisfaction every year. They also won multiple industry awards:
No. 1 FX Broker for High-Value Clients | Investment Trends
Highest Overall Client Satisfaction | Investment Trends
Most Preferred CFD Provider, Most Preferred Forex Provider | ShareInvestor Awards 2016
World’s Best Retail FX Platform | FX-Week, e-FX Awards 2016
Best Value for Money | Investment Trends
OANDA Corporation is regulated and authorized by various government agencies for its global presence and coverage. Regulations divided by the geographical region of the company presence: OANDA Europe Limited – authorized by FCA (UK), OANDA Asia Pacific Pte Ltd – authorized by MAS (Singapore), OANDA Australia Pty Ltd – authorized by ASIC (Australia), OANDA (Canada) Corporation ULC is regulated by the IIROC and includes customer accounts protection by the Canadian Investor Protection Fund within specified limits.
In addition, OANDA Corporation is a registered Futures Commission Merchant and Retail Foreign Exchange Dealer with the Commodity Futures Trading Commission and is a member of the National Futures Association no. 0325821.
OANDA Japan Co Ltd. – defined by the Financial Instruments Business Director of the Kanto Local Financial Bureau (Kin-sho) No. 2137 and Institute Financial Futures Association subscriber number 1571.
All customer funds, according to the regulations are kept in top tier bank accounts and are fully segregated. To manage currency exposure and risk, company uses risk management technology, which net aggregate client positions automatically and anonymously, thus outstanding aggregated positions above predefined are immediately hedged.
Company offering aiming to build itself around doing the right thing to protect the client and protect his trades, therefore offers tighter spreads and custom pricing across premium account offering, automation of trading strategies using REST and FIX APIs.
Execution means a lot in trading, company’s new proprietary v20 execution engine now executes trades in just one millisecond. A fully automated trading platform means that there’s no algorithmic software designed to alter the trades, hence price slippage is a result of natural market price fluctuations. In addition, an inserted policy no re-quote, no last look or rejections built an efficient trading environment.
OANDA Forex Labs is an absolutely unique institution performing latest developments and featuring Forex Analysis, Signals & FX Tools which are in continuous improvements process, as well there is an ability to try beta version on the new ones.
The broker’s proposals leads to trade over 100 instruments including currency pairs, commodities, indices, bonds and metals with no minimum deposit requirement or trade size, no added commissions, cost only is the spread, which is quite competitive.
FX, CFDs and Spread Bets are offered for trading at OANDA on an execution only basis, means advices, recommendations, monitoring or risk management assistance not provided.
For OANDA there is no difference between clients, hereby, there is only one standard type of trading account. However, client turns to the Premium client at $50K minimum deposit and gets tailoring requirements, custom pricing and tighter spreads.
Deposit options vary based on the OANDA division with which client holds his account.
Same as with deposits, withdrawal policies vary based on the company division. Most probably transactions performed via Bank Transfer or Wire Transfer with withdrawal fees applicable.
One of the central company business models is built on business solutions with foreign exchange technologies and services. Offer consists of corporate FX payments (with the ability of cross-border worldwide payments, gives an advantage of automated and accurate live forex data through Exchange Rates API and Managing Corporate Currency Risk with access to the historical exchange rates for over 38,000 currency pairs.
Furthermore, as a financial corporation with exchange and currencies background, OANDA performs money transfers at competitive real-time rates with no hidden fees. OANDA Money Transfer service helping to save money on major currency pairs compared to major US, UK, and Canadian banks. A service available for sending about 130 currencies, to 170 countries and territories with ease and convenience.
Financial spread betting is only available to OANDA Europe Ltd customers, residents in the UK or Republic of Ireland. CFDs, MT4 hedging capabilities and leverage ratios exceeding 50:1 are not available to US residents.
Overall, throughout attractive company features such as no minimum deposit, pricing transparency, technical optimization and a variety of tools, it is becoming clear why the broker gained so much trust and popularity. The fact that the company stands on a strong background of reliability and successful cooperation with present “global business giants” is another advantage towards them.
Not to mention the number of developments and patterns being done by the OANDA in technical instruments and their impact on a trading process. And the last, but not the least is their approach to active users, owing to the smart management of their own risks, OANDA is not the broker which will ask the trader to leave when he finds his success. Thus, in so many words when you choose OANDA, you’ve chosen a reliable and trusted partner.
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