Oanda Review

Founded in 1995, Oanda is a well-known online retail broker that is regulated in multiple jurisdictions, including the US, UK, Canada, Japan, Singapore, and Australia. The broker provides forex and CFD trading in over 126+ instruments, across all major financial asset classes. Oanda has won several awards over the years. Oanda provides optimum execution speeds for swift trade execution speeds at the best available bid/ask prices.

Oanda Review - Mobile Platforms
Oanda Review – Mobile Platforms

Markets

You can trade forex with a great selection of currency pairs through Oanda. They have plenty of major, minor and exotic currency crosses for you to choose from. In addition, you can trade CFDs in other markets including stocks, commodities and indices.

Platforms

Oanda provides their clients with multiple trading platforms including their proprietary “Next Generation” platform and the widely used MetaTrader 4/5 platforms. The Oanda platforms are available in desktop and web versions, as well as mobile applications for iOS and Android devices.

Oanda Review - Trading Platform
Oanda Review – Trading Platform

Tools

The broker provides a wide array of trading tools in the Next Generation trading platform, such as advanced charting software from the brilliant TradingView, the Algo Lab for developing and testing automated testing strategies, pattern recognition and price projection tools, sentiment tool for measuring traders’ sentiment, and chart forum community where traders discuss strategies.

Oanda Review - Advanced Charting
Oanda Review – Advanced Charting

Education

Oanda has several educational materials in the “Learn” section of its website, which includes trading guides, training videos, and articles. The training videos cover various trading topics and are grouped into beginner, intermediate, and advanced sections. With the guides covering different types of trading, the articles explain the basic concepts in trading that a beginner should know.

Conclusion

Oanda is a well-regulated broker that provides innovative trading services through its award-winning platforms and powerful trading tools. With a good selection of tradable instruments, educational resources and market research, Oanda provides you with everything that you need to trade forex and other CFD instruments.

Oanda

8.4

Markets

8.0/10

Platforms

8.5/10

Tools

8.5/10

Education

8.5/10

Pros

  • Powerful trading platforms
  • Advanced market research tools
  • Lots of educational content
  • Range of funding options
  • No minimum deposit

Cons

  • Withdrawal fees
  • Inactivity fees