New to OANDA, or to the trade? These educational resources are designed for you to choose your path. Learn how to get started with your OANDA trading account and move on to learning the basics of trading to place and manage your CFD or Forex orders.
Oanda Trading Account
Check out all the information about our customizable trading platforms to set your trading preferences and start practicing on your demo account.
Oanda Broker Review
Learn the skills needed to open, modify and close trades and the basic features of our trading platform.
A trading strategy can provide benefits such as consistency of positive results and minimization of errors. An optimal trading strategy reflects the trader’s objective and personal approach.
Technical analysts track historical prices and traded volumes in an attempt to identify market trends. They rely on charts and graphs to map this information and identify recurring patterns as a means of signaling future buying and selling opportunities.
Leveraged trading involves high risk as losses can exceed the original investment. A capital management plan is vital to the success and survival of traders of all experience levels.
Oanda Order Book
Learn risk management concepts to preserve your capital and minimize your exposure to risk. Find out how leveraged trading can generate bigger profits or bigger losses and how multiple open trades can increase your risk of automatic margin closure.
This page is for general information purposes only: the examples are not investment advice or inducements to trade. Past history is not an indicator of future performance.
Execution speed and numbers are based on the average round trip delay from receipt of response for all Market Order and Trade Close requests executed between January 1 and May 1, 2019 on the OANDA execution platform.
The Commodity Futures Trading Commission (CFTC) limits leverage available to retail forex traders in the United States to 50:1 for major currency pairs and 20:1 for all others. OANDA Asia Pacific offers maximum leverage of 50:1 on FX products and limits apply to leverage offered on CFDs. Maximum leverage for OANDA Canada customers is determined by IROC and is subject to change. For more information refer to our regulatory and financial compliance section.
Oanda Review (updated 2022)
Trading FX and/or CFDs on margin is high risk and not suitable for everyone. Losses can exceed the investment. Contracts for Difference (CFDs) and Hedging Capabilities are NOT available to US residents OANDA, co-founded by Dr. Stumm and Dr. Olsen in 1996, advertised as doing “all things currency”, from currency conversion to providing FX data services to businesses to providing an established global online brokerage service to individuals looking to trade the retail markets FX and CFDs.
Globally, OANDA offers two account types, standard and premium, and a product catalog that includes a wide range of CFD and betting offers spread across a variety of asset classes, although not all are available in every region it serves. In addition to FX, the broker also offers indices, metals, commodities and bonds to provide trading opportunities across the financial markets.
OANDA offers most customers varying degrees of account protection depending on the region. OANDA Europe Limited offers negative balance protection mandated by ESMA, while OANDA Asia Pacific Pte Ltd. offers guaranteed stop loss orders. US customers are the exception as OANDA Corporation does not offer their accounts any such protection.
In the US, OANDA ranks among the leaders in the CFTC’s Retail Forex Obligation report which “represents the total amount of funds in an FCM, RFED or FCMRFD that would be received by combining all cash, securities and property on deposit from a retail forex customer to a retail forex account or accounts, adjusted for net realized and unrealized profit or loss.”
Oanda Mt4: Platform Features & Offers (2022 Update)
A well-organized website with a stated goal of transparency, an emphasis on client education and research, multiple user interfaces and global regulatory oversight place OANDA in the top tier of online Forex brokers.
OANDA offers clients exposure to a variety of financial instruments, but is a good fit for experienced traders looking for a great desktop trading experience. Product offerings vary by region. For example, US clients can only trade FX, but the broker boasts fast and reliable trade execution, research resources that are above industry norms, functional user interfaces and a verifiable history of regulatory oversight.
OANDA, as is the norm in the brokerage industry, generates income through the spread offered to the client. Its spread structure is quite simple and consists of two price options, “spread only” and “base price + commission”. The former generates revenue through client trades that “cross” the bid/ask spread while the latter adds a base commission of $50 per million to the raw spread, which is on par with industry standards. Commission fees are collected and posted to customer accounts as cash adjustments.
These pricing options are easily found on the OANDA websites and are available for both types of accounts that the broker offers, although the differences shown will vary. For example, the minimum EUR/USD spread for US clients in a “standard” account under the “spread only” model is 1.3 pips while the “base price + commission” model shows a raw spread of 0.4 pips.
Getting Started With Oanda
OANDA advertises the use of an automated engine to attempt to closely track global prices, but spreads are still subject to market volatility and liquidity. In line with its ethos of transparency, OANDA publishes historical spread data for all its asset classes.
US customers have the option to participate in OANDA’s “advanced dealer program”, which is a 3-tier reward system for high volume dealers. Benefits include discount spreads or commissions, assigning a “dedicated relationship manager”, API support, free VPS and bank transfers and discounted access to third-party platforms. Level 1 requires the customer to deposit at least $20,000 or transact more than $10 million in monthly volume, while levels 2 and 3 require monthly volume ranges of $100-500 million and $500+ million, respectively.
OANDA does not have a minimum deposit requirement for clients wishing to open a “standard” account, but logic dictates that this amount will be subject to the margin requirements of the smallest trade size the client wishes to place. Premium accounts require a minimum deposit of $20,000, which gives the customer added benefits such as unlimited free transfers.
OANDA’s Forex funding fees charged for positions held overnight are described as “a mix of the latest liquidity provider rates, adjusted by our x% (annual) administration fee.”
Oanda Review 2022: Read Its Pros & Cons Before You Start Trading
In addition to the monthly inactivity fee “of 10 units of the currency in which your account is denominated when there are no open trades in your account for a period of at least 12 months”, the broker also lists fees for deposits/withdrawals, bank wire transfers, and debit card and ACH transactions.
, which can be accessed via a download (desktop), browser or mobile app. Plus, it also offers the popular MetaTrader 4 (MT4) desktop and mobile download for trading on portable smart devices.
, OANDA’s main user interface, is well designed and offers clients access to trading instruments, complex order types and account analytics. The desktop version offers proprietary charting as well as advanced charting from third-party provider Tradingview. Clients can take full advantage of OANDA’s research offerings, including MarketPulse and Autochartist technical analysis directly from the platform, although the products will be opened on a website. OANDA’s “Order Book” displays client sentiment while “Depth of the Market (DOM)” provides insight into supply/demand dynamics. Additionally, a plethora of related tools and resources, including Dow Jones FX Select news and various types of calculators, make
The web-based offering includes charts from Tradingview with advanced studies and display styles along with most of the functionality of the downloadable version. Clients also have the option of trading directly from the charts. Other features include customizable watchlists, news feeds, search options (economic analysis, MarketPulse) that open in a browser and API access.
Steps Entrepreneurs Can Take To Start Trading Forex
OANDA offers a unique feature where the client has the option to set default trading benchmarks for individual instruments based on a specific base currency amount, leverage NAV percentage or account currency amount. This gives the client more flexibility in their trading and helps with their overall risk management.
Offers four basic order types with the option of attaching “take profit” and/or “stop loss” orders to them. There is also the option of a “stop loss” order. Additionally, users can choose to set their stops and limits based on the price or prices and relevant information such as “pip value”, “trade value” and “required margin” are displayed on the order ticket itself.
Clients can also use the popular MetaTrader 4 (MT4) platform for trading. MT4 includes advanced charting, studies, watchlists and trade automation through “expert advisor” plugins that many traders appreciate. Because the MT4 platform is such a recognized industry standard, traders move to OANDA from other brokers
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