Oanda review 2019

Is Oanda a good FX broker?

Oanda is a rare Forex broker that offers low spreads, solid trading platform and research, and it accepts US citizens.

Spread

Account minimum

Regulation

Accepting US citizens

Minimum 1.3 pips on EUR/USD
$0
CFTC, NFA, IIROC, FCA, CMS, ASIC
Yes

Oanda has been around since 1996. It's regulated in many countries, including the US. This lets worldwide traders enjoy trading multiple instruments with low spreads and commission. You can open an account with $10 and test trading execution and money withdrawal.

If you're looking to educate yourself or make informed trading decisions, Oanda's research and education are among the best in the Forex world.

What kind of trading platforms does Oanda offer?

You can trade via Meta Trader 4 and Oanda's proprietary platform FXTrade. This lets you access TradingView and MultiCharts charts to monitor and execute your trades.

Standout features

  • Low spread. EUR/USD pair starts with 1.3 pips spread.
  • Minimum account opening. Oanda has $0 account minimum to open, which means you can put $10 or $20 to test their platform and money withdrawal.
  • Trading platform. Meta Trader 4 is available to those who are familiar with it. Other traders can jump in with the FXTrade.
  • Education. Access free educational videos, guides and articles to improve your skills.
  • Regulation. Oanda is regulated in the US, Australia, the UK, Singapore and Canada, but accepts clients from around the world.
  • Trading instruments. Aside from Forex, you can trade CFDs, including stocks, commodities and bonds.

Watch out

  • Customer support. Oanda's customer support may sometimes be slow to respond or to resolve your issues.

What can I trade with Oanda?

  • Currencies
  • Indices
  • CFDs
  • Stocks
  • Commodities
  • Bonds

How do I signup with Oanda?

  1. Go to Oanda website.
  2. Click Open an account.
  3. Fill out the application form.
  4. Fund your account.

Bottom line

Beginner and advanced trades from around the world can enjoy fast execution, low spreads and a variety of trading instruments. You also get access to a top-notch trading platform with advanced charting tools and research.