Is Oanda Worth the Penny?
There are a lot of innovative and interesting stories that come up on the horizon of the global trading sector. There are a lot of companies that went from being small boats to big cruise ships in the business. Now, there are a lot of things that these financial companies have to offer to stay in business, as it is an incredibly competitive space. There are a lot of technical tools that it would have to provide their customers to make sure that the trust factor is built between them. One such company that is getting a lot of attention in the trading market is Oanda.
A brief snip of Oanda:
Oanda is one of the leading tech-finance companies that you can come across that have a humongous experience in trading, currency data, and analytics. It has been in the market for a pretty long time now, and it has been in an incredibly demanding space in the market. It has a lot of technologically advanced toolsets that will help you make or break the best deals of the market. It is rumored to have an incredibly sophisticated algorithm that will support their expert team of analysts to understand the fluctuations in the market as well as get an understanding of when it would be the right time to trade off your assets in the market.
These are probably the major reasons why the company which started as a very small tech-finance startup went on to being a major corporate organization in the field. The client database of Oanda is ever-expanding, and the rich history of the company has been attracting investors for a very long time now.
The accolades that create trust in Oanda:
There are a lot of significant achievements by the company starting from 2008 when it was recognized as an international dealer to 2014 when acquired by CVC capital firm, which is one of the biggest equity firms in the US. It has also been able to maintain an impeccable track record of being the number one FX trader in the market in Japan as well as Singapore. Even Though this is not something that will determine whether the company is sturdy or not, let us get into what it primarily offers.
Oanda’s main areas of Expertise:
Oanda is a tech-finance firm that is looking forward to mainly helping its clients in Trading on the market as well as providing them with currency data and analytics. It has been successfully providing the same to their clients for a very long term now and that explains why it is able to push ahead in the market amidst incredible competition.
Oanda’s trading sector:
Oanda provides its clients with trade products in the financial niche of the market with Forex and Contracts for Difference (CFD’s). It is now operational in the US, Canada, Japan, Australia, the UK, and the APAC.
It is able to hold the market with the help of trading tools that use complicated algorithms to study the fluctuations in the market. It also has a rich experience in dealing with advanced charting technologies that will help the users to get a clear cut image of what the market would behave like in the future as well. These are some of the standpoints that Oanda provides in the trading domain to ensure there is a steady flow in the market.
Oanda’s currency data and analytics stream:
There are a lot of definite things that one has to look for in a company, especially when it comes to the currency data and analytics space of a tech-finance company. It is able to provide accurate currency data with its exchange rates API, and it has a currency converter to back it with the operations in the niche. This single product is the reason why thousands of global companies rely on it for currency data, and it is able to provide nearly more than 200 currencies across the world. Some of the drastic ventures that it provides in the currency includes daily averages to tick level and forward rates that will help in developing currency data.
It has a lot of features that many of the trading companies have to offer, and this means that once you are through with all these, you will be able to extract a rough idea of whether you would want to choose Oanda or not.
- The difference in operations:
There are a lot of significant changes that are provided to its clients, and that also involves liquidity. This means that the liquidity is at a very feasible standpoint, and that means that with added interest rates on the same, it will be able to understand a lot of different aspects to the trading platforms as well.
Pricing also is pretty affordable for a global company, and this means that there are a lot of different price points that the clients can work with before they make a decision with their trading accounts, and also the technology that backs it all up is fast.
- Security aspects:
When it comes to secure firewalls, it is pretty much the same with any other similar platform, and if you are choosing Oanda, this need not be the highest point of consideration.
- Access to premium features only with premium accounts:
Premium features that include some advanced trading options are only accessible if you are willing to pay the extra bucks. This is kind of a let down as many companies around the globe provide the same with no extra pricings as well.
- Any platform support:
Now, there are a lot of platforms that you can use by this feature. This is also available via the application that will help you in making a drastic difference in trading, but this cannot be the deciding factor as many companies also offer multi-platform support in devices.
Go with Oanda?
Well, there are a lot of technological advancements that Oanda has to offer, which operate across the Globe, and that is a very advantageous standpoint. With the rich experience that it has got, it would not be a bad idea to go with Oanda.