User Reviews
Great for beginners
"Oanda is great for beginners and traders with not much buying power. For example you can start with 500 Dollars or even 10 dollars an trade any size of lots and the spreads are the lowest I have ever Read more...
Filter reviews
"Some of the smallest spreads you will find out there AND they don't charge you a commission. Don't fall for the crap other FX brokers try to push on you. Contests, rebates, and 'free' cash lure unsuspecting traders to a hell full of high commissions and wide spreads. OANDA beats them all. The only Read more...
They have a platform that is compatible with mac's which is great and u can use metatrader. The commissions cannot be beat anywhere else.
"Oanda is great for beginners and traders with not much buying power. For example you can start with 500 Dollars or even 10 dollars an trade any size of lots and the spreads are the lowest I have ever seen in the Forex Market - EUR/USD 0.9 pips = AWESOME The chart tools are very good but not great b Read more...
"I have enjoyed trading through Oanda but have concerns. The service is not always reliable and of late have had to scramble to reconnect because the system had frozen and in all cases was protected with stops to cover such incidents. Major concern is there tick reporting seems to lag behind the act Read more...
"thye have a low spread but have the leverage only 1 to 50 so its a lost of time to invest money whit this broker . the platform can be better but they not interested to ofer better quality?? or more leverage options so i have be very disapointed from this company when you better maybe i return Read more...
1 comment
I have been trading live with Oanda for about 6 months now. Keep in mind my account is still rather small, and I do not trade the news, but so far, I like Oanda for their capability for: (1) any size account (almost no minimum account balance) (2) any size trade (not limited by set mini or micro lot Read more...
This is a great broker for beginners in forex trading. Orders are straight forward with simple exits. There is practically no minimum deposit and there is no minimum order size, an practically no minimum deposit(I believe it's $1) or account balance requirements. Spreads are pretty small (~1-2 pi Read more...
I have been with Oanda for many years, and in general I have been rather pleased. They state that their spreads starts from 0.9 Pips on EUR/USD and that is true. However they often increase the spread, specially around fundamental news events and psychological numbers. I have seen the EUR/USD spread Read more...
- 1