OANDA has a long history when it comes to offering brokerage services. It was founded in 1996 and since then it is considered a reputable trading service. The platform offered by OANDA is excellent and the fees are also low which makes it one of the most attractive brokerage firms in the market.
OANDA Trading Products:
OANDA offers a variety of forex instruments for its traders which include Bitcoin, Metals, Indices, Commodities, Bonds, etc. OANDA is mainly a CFD and Forex broker which offers excellent deals in CFD average spreads on over 70 forex currency pairs. It also offers leverage and margin. The maximum leverage is 50:1 which a trader can also set manually while trading.
OANDA Trading Accounts:
OANDA offers two types of accounts: Standard and Premium offering its traders to make an excellent choice to choose the account of their choice. The Standard account holders are charged on commission and the spread basis while the Premium account is only charged spread. The Premium account also offers a dedicated relationship manager. However, both the accounts provide web and desktop platforms along with mobile apps.
OANDA Trading Platform
OANDA offers web and desktop platforms along with mobile apps. It also provides the MetaTrader4 platform.
- Web Trading: Web Trading platform offered by OANDA is very powerful, and it helps the traders to find the right trading opportunities. There are also superior analytical tools, charts, and news aggregators. Traders can also use stop-loss to manage the risk.
- Mobile & Tablet Trading: Mobile & Tablet Trading platform is ideal for traders who are always on the go. The custom-made trading platform supports both Android and iOS operating systems. The customizable interface allows traders to trade more efficiently. The platform also offers a trading performance tool that showcases the professional-grade metrics along with the trading history. Also, there is a section of market news and data from where a trader can access an economic calendar and earnings calendar.
- MetaTrader 4 Trading Platform: Aligning with the market standards, OANDA also offers the MetaTrader4 trading platform. MT4 offers a lot of features but there if the trader wants, he can go for desktop and web platforms.
OANDA offers a lot of webinars which caters to both beginners and experts. The webinars cover all the significant topics from basics to advanced so that a trader can learn everything about trading. The Market Pulse feature offered by OANDA provides the most current information regarding the developments and changes in the market.