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Oanda General Information
| Established Date: | 1996 |
| headquarters: | USA |
| Country office: | Australia, UK, Canada, Singapore, USA, Japan, Bangladesh, Brazil, Indonesia, Taiwan, Philippines, South Africa, Malaysia |
| Minimum Deposit: | 0 $ |
| Website: | www.oanda.com |
| Website language: | English, Spanish, Italian, Chinese, Deutsch, Portuguese, French, Japanese |
| Deposit Currency: | USD, EUR, JPY, GBP, AUD, CHF, CAD, HKD, SGD |
| Supported languages: | English, Spanish, Italian, Chinese, Deutsch, Portuguese, French, Japanese |
| Regulators: | ASIC (Australia) License №AFSL 412981 |
| FCA (UK) License № 542574 | |
| FSC (British Virgin Islands) | |
| IIROC (Canada) | |
| MAS (Singapore) | |
| NFA (USA) License № 0325821 | |
| FFAJ (Japan) | |
| Mobile Transactions: | iOS, Android, Windows Phone |
| Types of accounts provided: | Unlimited Demo Accounts, Standard Accounts |
| Affiliate Program: | Yes |
Oanda is a US-based Forex trader that has recently gained popularity due to its service offerings. It was established in 1997 in New York with the purpose of providing exemplary foreign exchange trading conditions. It has been in operation for over 20 years and has surpassed this goal, traveling the world and winning many customers. This has allowed Oanda to reach out to customers by serving other regions and states.
Its mode of operation has since earned it excellent credit in the foreign exchange sector, as well as related awards.
TRADING ACCOUNT
You will need to open a trading account to conduct trades on the various trading instruments that Oanda offers. Oanda has two types of trading accounts to meet the needs of individual traders. These account types are demo accounts and standard merchant accounts.
Demo account
Demo accounts are specially designed accounts and, as the name suggests, are used as demos and tutorials. It means training inexperienced traders who are not familiar with forex trading concepts and running more trades. No deposits are required and free of charge as virtual trading can be utilized as virtual funds to conduct trades in a simulated environment. .
Standard account
The standard account is an account type suitable for both beginners and experienced traders. It has the following features:
- The base currencies accepted are the US Dollar, Japanese Yen, Canadian Dollar and Australian Dollar.
- A wide range of trading tools are available, from CFDs to metals to energy sources. Market type of execution.
- Floating spread type.
- Allow scalping.
ABOUT OANDA AND MONEY SAFETY
The previously mentioned Oanda was founded almost 20 years ago and has been a very good name in the forex industry due to its sheer resilience. It could spread its tentacles to other territories. This has united the site to accommodate multiple languages for accessibility to all customers.
Great progress thanks to great customer service. This service comes with great deal terms and great customer service. Invest in top-notch, highly qualified staff to ensure your site meets the standards. They are also committed to providing the best customer service, and are available around the clock to answer a variety of customer questions that arise.
It is headquartered in many countries around the world such as New York, UK, Canada, Singapore, Japan and Australia. It has proven its legitimacy and credibility by adhering to standards established by the various regulatory authorities of the country in these different regions. Here are the licenses Oanda has received:
- May operate in the United States with permission from the Commodity Futures Trading Commission of the United States.
- It is authorized to operate in the UK by the Financial Conduct Authority (FCA).
- Licensed to operate in Singapore by the Monetary Authority of Singapore (MAS).
- Licensed by the Australian Securities and Services Commission (ASIC) of Australia.
- The local finance bureau is authorized to do business in Japan.
- It is also a member of organizations such as the National Gift Association (NFA) of the United States.
- We have a license to operate in Canada from the Canadian Investment Industry Regulatory Authority of Canada.
Among the rules set by these regulatory bodies are those that protect customers’ funds. Oanda complies with these laws and has taken the following steps to ensure it:
- Segregated bank accounts are used to separate the client’s funds from the company’s funds.
- We manage our clients’ funds through a trusted and trusted bank.
TRADING TERMS
Minimum initial deposit
There is no minimum initial deposit at Oanda.
Spread
Floating diffusion at 1.3 pips.
Commission
No commission is charged at all.
TRADING PLATFORM
Oanda has invested in the best trading platforms to enhance the trading experience of its clients. These trading platforms are technologically advanced and offer very good features. Trading platforms include Meta Trader4 trading platform, desktop trading platform and mobile trading platform.
Meta Trader4 trading platform
Among the best trading platforms, Meta trader4 is loved as a trading platform due to its various features such as:
- Advanced charting and analysis tools.
- Nice stats layout.
- Customizable metrics.
- It has a user-friendly interface.
Desktop trading platform
A desktop trading platform is a desktop software that you download and install on your personal computer. There are various functions.
Compatibility with most desktop operating systems.
Advanced charting and analysis tools are provided.
- It has a vast range of drawing tools and customizable indicators.
- It’s lightweight and doesn’t take up much storage space on your device.
- It is easy to use thanks to its user-friendly interface.
Mobile trading platform
The mobile trading platform is a downloadable application that allows you to trade on your mobile device. Its features are:
- You can download and run it from the download site.
- It’s a lightweight application, so it won’t take up much storage space on your phone.
- It has advanced charting and drawing tools.
- Easy to use.
PROMOTION
Oanda does offer promotions and bonuses from time to time, but it doesn’t appear to be running right now.
WITHDRAWALS AND DEPOSITS
Withdrawals and deposits are easy to get started and Oanda allows multiple trading methods for this. Payment methods that you can use include Visa, MasterCard, Neteller, Skrill, and maestro. Bank and wire transfers are also available. There may be a small fee charged for these transactions and it takes a very short time for the transactions to be executed.
A BRIEF ABOUT OANDA
If you look at Oanda’s customer reviews and comments, you can see just how lucrative this trader is. When a customer enters into a contract with this trader, they are guaranteed the best service and trading conditions such as the best deposit. This is a highly recommended site for those who want to enjoy the services of a reliable forex trader.