Trade Forex Trading

Top 100 Forex Brokers List Canadian Based Forex Trading Broker Review

Broker Review of broker is based in Canada. Below is a list of the most common review questions that traders ask about this Oanda Trading Broker.


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Where is forex broker based

Oanda forex broker office is situated in downtown Toronto, Canada’s largest city.


Is 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 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.




Financial Instruments provided for trading by Oanda

· Currencies

· Metals

· CFDs


What are the Forex account types of this online forex broker

Oanda live accounts:

  • Standard Account
  • Mini Account



Does 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 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 Provides payment and withdraw methods of Visa, Mastercard and Paypal. Deposits and withdraws can be done in various currencies.


What is the minimum account opening capital for

Oanda minimum deposit - Traders specify their account opening balance at account opening. Oanda does not provide this information on their website.


Does 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

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 accept forex scalping

Oanda accepts Scalping Trading.


Does 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 forex 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 a MetaTrader 4 Forex broker 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 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 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 - Oanda Live Rates and Exchange Rates: Oanda currency conversion application is provided where trader can calculate how much they can exchange one currency for another in the currency market using Oanda currency exchange rates. Oanda currency converter can be used to obtain current currency exchange rates online.

FAQ Section: that answers frequently asked questions about Oanda Trading platforms and Oanda Trading Execution.


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Up To $5K Bonus - Limited Time Bonus

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