Oanda is a forex trader based in the United States which has gained popularity in recent times due to the provision of its services. It was formed in 1997 in New York City to provide exemplary forex trading conditions. In the two decades since operating, it has successfully surpassed this goal and acquired many clients around the world who value its services. This makes oanda expand its Platform to other regions and countries, to create a service that is close to its customers.
His mode of operation subsequently earned him immense trust in the forex sector as well as the same respect.
To be able to trade on the various trading instruments that Oanda offers, you will be required to open a trading account. The types of accounts specifically designed to meet the needs of these individual traders are demo accounts and standard trader accounts.
A demo account is a specially designed trading account that, as the name suggests, is meant for demonstrations and tutorials. It is meant to train inexperienced traders who have no idea about the concept of forex trading, more so in the execution of trades. It is free to open and requires no deposit as it will use virtual funds to help traders make trades in a simulated environment.
The standard account is an account type suitable for both novice and experienced traders. It has the following features.
• The accepted base currencies are United States dollars, Japanese yen, Canadian dollars, and Australian dollars among other units.
• Access to a wide range of trading instruments from CFDs, metals to energy sources. Market execution type.
• Floating spread type.
• Allows for scalping.
For Clients to get an increase in trading experience, Oanda Invests in some of the best platforms. This trading platform is technologically advanced and equipped with excellent features. Trading platforms include Meta trader4 trading platform, desktop trading platform, and mobile trading platform.
Meta Trader4 Trading Platform
Among the best trading platforms, Meta trader4 is loved as a trading platform for its many features which include:
• advanced charting and analysis tools.
• Good statistical layout.
• customizable support and resistance indicators.
• It has a user-friendly interface.
Desktop Trading Platform
The desktop trading platform comes as desktop software that you will download and install onto your personal computer. Among its many features include:
• Compatibility with most desktop operating systems.
• Has a variety of customizable drawing tools and indicators.
• It’s lightweight because it won’t take up much of your device’s storage space.
• Very easy-to-use user-friendly interface.
Mobile Trading Platform
Mobile trading platforms are downloadable applications that allow you to trade from your mobile device. Its features are as follows.
• Very easy to download and launch from the download site.
• This is a lightweight application so it won’t take up much space on your phone’s storage.
• Has advanced charting and drawing tools.
• Easy to use.
About Oanda And Fund Security.
Oanda as previously indicated was founded almost two decades ago and has managed to become a very good name in the forex industry due to its incredible resilience. It has managed to spread its tentacles to other areas. With this, it has also integrated its website to accommodate multiple languages for its accessibility to all its customers.
It has made great strides mainly because of its great customer service. Service is provided in great trading conditions as well as great customer service. It has invested among the best staff who are highly qualified and ensure that the site is up to standard. They are also dedicated to offering the best customer service and are available around the clock to answer any customer questions that arise.
It has established bases in many countries around the world such as the UK, Canada, Singapore, Japan, and Australia apart from its headquarters in New York City. In these areas, it has proven its legitimacy and credibility by adhering to the standards set by the various regulatory authorities in these countries. Among the licenses, Oanda has received are the following.
• It has a license from the United States Commodity Futures Trading Commission which allows it to operate in the United States.
• Authorized to operate in Singapore by the monetary authority of Singapore (MAS).
• It is authorized to operate in Japan by the local finance bureau.
• He is also a member of bodies such as the United States National Futures Association (NFA).
• It has a license from the Canadian Canadian investment industry regulatory organization which allows it to operate in Canada.
Among the rules set by this regulatory body, are those that protect client funds. Oanda complies with these laws and has taken the following steps to ensure this.
• Use a separate bank account to separate client funds from company funds.
• Deposit client funds with a credible and trusted bank.
Terms Of Trade
Minimum Initial Deposit
Oanda has no minimum initial deposit.
Floating spreads start from 1.3 pips.
No commission is charged at all.
A Brief About Oanda
When you look at Oanda customer reviews and comments, you can’t help but notice how profitable this merchant is. As a client who registers with this trader, you are guaranteed to receive outstanding service and exemplary trading conditions such as no minimum deposit. This is a highly recommended site for those who wish to enjoy the services of a credible forex trader.