Oanda's review
You will find it difficult to find forex and CFD brokers who are more respected on the market than OANDA. Founded in 1996, the company is one of the original pioneers who worked hard to make retail trade a reality for the general public and quickly capitalized on its initial success in becoming an industrial locomotive. Through a global consortium of foreign exchange and CFD companies that are now global, it provides a variety of currency solutions, from trade to exchange of data and exchange rate information. It serves a growing global customer base with subsidiaries in the US, UK, Japan, Singapore and Australia, in addition to its headquarters in Toronto, Canada, and complies with regulatory supervision in each of the jurisdictions of its offices. Along the way, OANDA has garnered many industry awards, such as "Best Customer Service" and "Best FX Retail Platform" in 2018. The company also accepts U.S. clients, but limits their trading to forex.
If you are looking for a currency pair that you cannot find elsewhere, then OANDA might be suitable for you. They offer more than 70+ major, minor and exotic forex pairs to choose from, along with CFDs for precious metals, commodities, bonds and stock indices. If your country does not recognize CFDs as tradable instruments, you may not be able to access them, but you will still have the advantage of an extensive library of educational material, videos and streaming webinars, suitable for all levels of traders. There is no increased benefit structure related to your account balance. OANDA does not discriminate in this way. It has one standard account category, equipped with a free demo for trading practice. You have two options when it comes to trading platforms. You can use their exclusive web-based version, "OANDA Trade", or choose to go with the family of the very popular Metatrader4 product offering. Cellular trading is also supported for each choice of platform protocol.
The fxTrade OANDA platform is actually an online, fully automated forex trading platform that enters the market. It provides access to market making, the office behind the trading office and has been upgraded for years to handle the largest volume in the industry with peak efficiency. The latest report states that, for the year ended August 2015, 98% of all transactions were completed in less than 0.057 seconds. Other industry sources estimate that OANDA servers process more than one million transactions a day and contribute nearly 20% of all industrial traffic, quite successfully over the past fifteen years. Customer service personnel and support material ranks highest, and peace of mind is guaranteed by regulatory compliance that is consistent throughout the world with several key supervisory agents. All client deposits are also stored separately in a Top-Tier bank account and are subject to various national investor protection schemes. OANDA has everything and then some.
