OANDA

Fees:

  • Spread-Only Pricing: The commission is built into the spread, so the spread is the only cost traders pay.
  • Elite Trader Program: Designed for high-volume traders, this program offers cash rebates ranging from $5 to $17 per million traded, providing more rewards the higher your trading volume.

Offer:

No Active Offer: Currently, there are no active promotional offers available.

Trading Platforms:

  • TradingView
  • MetaTrader 4
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  • Comprehensive CFD and Forex Trading: OANDA provides access to a diverse range of CFDs, including indices, forex, commodities, metals, and bonds, making it a versatile platform for traders.
  • Advanced Data and Automation Tools: With automated trading platforms, integration with TradingView and MetaTrader 4 (MT4), and an Exchange Rates API for real-time and historical FX data, OANDA supports both traders and businesses.
  • Industry Recognition and Partnerships: OANDA is an award-winning broker, recognized for its trading tools and customer service, and has partnered with TransferWise (Wise) for cost-effective international money transfers.
Features
  • CFD and Spread Betting: OANDA offers access to trading a wide range of CFDs, including indices, forex, commodities, metals, and bonds.
  • Currency Data Services: Provides trusted FX data services with access to real-time exchange rates for over 200 currencies and 31 years of historical data across 38,000 currency pairs.
  • Automated Trading Platforms: OANDA’s platform is fully automated and accessible via browser, mobile, or tablet, with additional integration with TradingView and MetaTrader 4 (MT4).
  • API for Data: Offers Exchange Rates API for businesses and individuals, delivering real-time and historical data directly into digital platforms like ERP and TMS.
  • Partnership with TransferWise (Wise): Allows users to send money abroad at low costs through a partnership with TransferWise.
  • Award-Winning Broker: OANDA is recognized for its customer service, winning several awards, including “Best Trading Tools” and “Most Popular Broker” by TradingView.
Details

OANDA is a globally recognized brokerage with over 25 years of experience in the financial trading services industry. It offers CFD trading, spread betting, and foreign exchange data services, catering to both retail and corporate clients. With access to an extensive range of markets, OANDA’s platform is known for its transparency, innovative tools, and ease of use across multiple devices. OANDA also emphasizes its strong data services, making it a preferred choice for businesses requiring reliable FX data.

Pros
  • Wide Range of Trading Instruments: Access to global markets through CFDs, including forex, commodities, metals, indices, and bonds.
  • Award-Winning Platform: Recognized for offering best-in-class customer service, trading tools, and platform stability.
  • Advanced Currency Data Services: Provides access to real-time and historical data through its Exchange Rates API, which is used by businesses globally.
  • Trusted Brand: With over 25 years of experience and partnerships like that with TransferWise, OANDA has built a strong reputation.
  • Flexible Access: The platform can be accessed via mobile, browser, or tablet, ensuring flexibility for traders on the go.
Cons
  • Leverage Risks: Trading CFDs involves significant risk, and a large proportion of retail investor accounts lose money.
  • Inactivity Fees: If no trades are placed within a 24-month period, OANDA will charge 10 GBP per month as an inactivity fee.
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View Terms & Conditions

Disclosure

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Users are encouraged to carefully review the terms and conditions, fees, and features of any financial product to ensure it aligns with their individual financial goals and risk tolerance. Investing involves risks, and past performance does not guarantee future results.

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