Oanda.com Canadian Based Forex Trading Broker Review
Below is a Forex review of online forex broker Oanda.com. Oanda.com broker is based in Canada. Below is a list of the most common review questions that traders ask about this online forex broker.
Forex Broker reviews - Forex Reviews of Oanda.com
Where is Oanda.com currency broker based
Oanda office is situated in downtown Toronto, Canada’s largest city.
Is Oanda.com a licensed and regulated Forex broker
Review details of the license, registration and regulation of this FX broker can be found on their website:
Oanda is Regulated and licensed by:
(CFTC), and National Futures Association (NFA number 0325821) in the USA
IIROC of Canada
Financial Services Authority of the UK, License No. 542574
Financial Futures Association of Japan license number 1571
What is the execution method of Oanda.com
Oanda Currency broker is a Market Maker Broker and all their transactions are 100% automated without any human intervention.
Being an NFA, CFTC Broker Oanda Implements FIFO, First In First Out Rule and your must open order in the same order and close them in the same order you opened them. You also need to take this into account when implementing your expert advisor.
The Forex broker spreads are:
Financial Instruments provided for trading by Oanda
What are the Forex account types of this online currency broker
- Standard Account
- Mini Account
Does Oanda.com broker have Islamic Forex Trading Accounts
Oanda transactions include paying of Interest rates and therefore no swap free accounts. Therefore Oanda does not provide Islamic forex trading accounts.
What are the terms for demo trading accounts for Oanda.com
Oanda Provides trading accounts to their beginner traders that they can learn currency trading with. $100, 000 dollar practice account that are non expiring unlimited time trading account.
How is the withdraw and deposit process of Oanda.com
Oanda Provides payment and withdraw methods of Visa, Mastercard and Paypal. Deposits and withdraws can be done in various currencies.
Traders specify their account opening balance at account opening. Oanda does not provide this information on their website.
Does Oanda.com give aN account opening deposit BONUS
No. this broker does not give an account opening bonus for opening an account.
What is the security and reliability of Oanda.com
What is the Forex broker ratings for security and reliability
Oanda is a regulated broker and is regulated by 7 authorities in seven countries and has a good rating for security and reliability of funds. Funds are also held in Tier 1 banking institutions.
Does Oanda.com accept forex scalping
Oanda accepts Scalping Trading.
Does Oanda.com give free education to currency traders
This broker provides learn currency trading education for learn trading online.
· Oanda has a blog by currency analysts.
· Oanda provides a learn FX basics tutorial course and learn technical analysis course on their website.
What are the trading platforms of Oanda.com currency broker
Oanda Provides the following platforms
1. Webtrader platforms
2. Metatrader4 Platform
3. Mobile Trading Platform for Blackberry, iPhone, iPad and Android
4. API Trading Platform
Is Oanda.com a MetaTrader 4 Forex broker
Oanda.com provides MetaTrader 4 software which is the best Forex trading platform according to reviews.
This trading platform and the MT4 metatrader4 Oanda platform can be downloaded from their website.
Does Oanda.com allow automated forex trading
The broker automated trading policy on automated forex trading is:
Oanda provides API interface specifically designed for automated forex trading and Expert Advisors of Metatrader4 platform. Note: monthly fee is USD $600 for Forex API trading.
Alternatively, Use the free metrader4 Metaeditor and MQL4 Language editor to code Expert advisors.
What are Oanda.com broker website sections
The website sections of these trade broker are:
Forex Trading Accounts Section: where traders will find information about accounts such as demo account, practice account and live accounts provided by this broker. Traders wanting to start trading can open an account from this section.
Contact Section: there is a section of contacts for this fx trading broker, where an fx trader can contact this online broker using an online contact form.
Forex Trading Platforms Section: this section provides a platforms where a trader can choose one for trading online.
Blog: Currency analyst blogs of market analysis
Forum: For trader discussions
Economic Indicators Section: For Economic news Analysis, currency analysis and Upcoming news analysis.
Currency Converter: Currency converter application is provided where trader can calculate how much they can exchange one currency for another in the currency market.
FAQ Section: that answers frequently asked questions about Oanda Trading platforms and Oanda Trading Execution.