Furthermore, they offer VPS capability through third-party providers BeeksFX and Liquidity Connect. The web-based offering includes charts from TradingView with advanced studies and display styles along with most of the functionality of the downloadable version. Other features include customizable watchlists, news feeds, research options (economic analysis, MarketPulse) that open up in a browser, and API access. Manage your trading risks with our full suite of risk management orders. Risk management orders can help you protect your trades when prices move against you, especially when the markets are volatile. If you see any issues with any of our forex broker comparison tables or this OANDA review, please contact the owners using the contact form and changes will be made promptly to ensure all forex trading elements are correct.

What is the minimum deposit for OANDA?

1. You can also try out a demo account for free if you’re not ready to commit.
2. Just a year later, the company partnered with NOKIA to launch the first Wireless Application Protocol (WAP) in the world.
3. Identify potential trading opportunities using our powerful analysis tools and partner APIs.
4. This means that depending on your country of residence, you will be contracted to that country’s OANDA subsidiary as a client, further cementing OANDA’s global presence.
5. Through our partnership with Paxos, you can spot trade eight popular cryptocurrencies, including Bitcoin and Ethereum.

With our web platform, you have the choice of having your candles drawn by the ‘mid’, ‘ask’ or ‘bid’ price. It’s easy to fund your account using one of the following payment methods.

A powerful multi-asset trading app

The broker streams its floating spreads directly from its liquidity providers, which meant we had real-time information on which to base our testing and analysis. As noted, OANDA Corporation acts as a market maker, meaning the broker provides clients with immediate liquidity and then hedges its overall exposure via liquidity providers. OANDA Corporation also stands out from other brokers for its transparency around historical spreads. If you’re curious – or slightly obsessive – you can review spread data and calculate the hypothetical cost of a trade.

OANDA Rate ® data currency calculator

Note that v20 accounts will only work with the v20 version of the REST API. It has a comprehensive list of studies that you can use like candlestick recognition studies. However, TOS lacks a convenient crosshair tool that easily measures the distance or pips between prices like MT4 or MT5. If you have an unused margin over $10,000, you can earn interest when you meet the terms.[10] Your money earns even if it’s not invested.

Company information

This gives the client more flexibility in their trading and aids in their overall risk management. Obviously, OANDA Corporation’s extensive licensing and regulatory compliance oanda broker contributed to the high score. Still, we were equally impressed by the competitive trading costs, risk management tools, educational resources and accessible customer service.

OANDA is held back by its small list of just 124 tradable products, and by pricing that can’t compete with the best low-cost brokers. The company’s in-house trading platform, OANDA Trade, was specifically designed to provide clients with a user-friendly Forex exchange. It’s got an intuitive and customizable interface, an economic calendar, trade history reports, real-time quotes, and some risk-management tools. OANDA offers clients exposure to a variety of financial instruments but is a good fit for seasoned traders looking for a stellar browser-based desktop trading experience. Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of online brokers.

Through our partnership with Paxos, you can spot trade eight popular cryptocurrencies, including Bitcoin and Ethereum. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the risk of losing your money.

Access our full range of FX pairs using our native apps for Android, iPhone and tablet. Our apps offer the same functionality as our browser-based platform, meaning you have more control of your trades even when you’re on https://forexhero.info/ the move. Voted Most Popular Broker three years in a row (TradingView Awards 2022, 2021, 2020). The world’s most popular forex pairs and cryptocurrencies, powerful platform tools and margin rates from just 2% on EUR/USD.

In addition to Bitcoin and Ethereum, you can trade in eight other established tokens. Here’s hoping the broker continues this expansion, despite American regulators seeming pretty hostile to crypto. Recall that OANDA Corporation’s range of markets is only available for spot trading (not CFDs) in the U.S. due to CFTC/NFA regulations. In terms of advanced charting features, OANDATrade has 80 technical tools, including 32 overlay indicators and 50 drawing tools. Named Best in Class for Research and Ease of Use (ForexBrokers.com 2023 Annual Awards). Voted Best Low Cost Broker (ADVFN International Financial Awards 2023).

An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. OANDA is regulated in numerous Tier-1 jurisdictions including in the U.S., U.K., Europe, Australia, Japan, and Canada, making it a trustworthy broker to keep your money safe.