Company Summary
| Aspect | Information |
|---|---|
| Registered Country/Area | Australia |
| Founded Year | 1996 |
| Company Name | OANDA |
| Regulation | BVI Financial Services Commission |
| Demo Account | Available |
| Minimum Deposit | $0 |
| Maximum Leverage | 1:200 |
| Spreads | Variable form 0.6 pips |
| Trading Platforms | OANDA Trade, MetaTrader 4, API Trading |
| Customer Support | Email, Live Chats, Contact Form, and Calls. |
Introduction
OANDA is an established trading platform offering multiple trading opportunities for traders globally. The platform provides traders with a smooth trading experience. This OANDA review will discuss the key features and tools. We will also discuss the types of accounts, deposits, withdrawals, and customer support of the platform. It will help you understand the legitimacy of the platform.
OANDA Overview
OANDA is a reputed Forex trading platform in the industry. The platform offers a reliable trading environment for traders globally. It allows traders to trade with multiple trading instruments, an interactive user interface, and multiple account types. The platform is designed to cater to trades with different goals and trading styles.
Trading Instruments
OANDA is a dedicated forex trading platform offering other financial products to build diverse portfolios. The platform provides products like Commodities, Crypto, indices, and Metals.
The platform offers a range of minor, major, and exclusive currency pairs to traders. Apart from this, the platform also has gold and silver-like commodities and top digital currencies like Bitcoin available to invest in.
This variety of products helps in creating a suitable trading environment catering to traders’ specific trading strategies and styles.
Withdrawals and Deposits
The platform offers a variety of payment methods that help in a smooth transaction for traders from anywhere in the world. The methods are:
- Bank Transfers
- Credit/Debit Cards
- E-Wallets
- Wire Transfers
The platform has no minimum deposit perfect for traders with low budgets. The deposits at OANDA are done instantly whereas the withdrawal can take over 5 business days. This depends on the type of payment method used. Also, the withdrawal process might incur additional charges.
Account Types
The trading platform offers traders with different account types. The three of these account types are discussed below. These accounts differ based on the trader’s style and needs.
Standard Account
The basic account type is perfect for traders with minimum experience. The platform offers educational processes and dedicated support for trades making it suitable for them.
Core Account
These accounts are perfect for traders looking for tools and features better than standard accounts. Here, trades also get access to tailored solutions for a better experience.
Premium Account
The top account type for traders with the highest experience levels. These accounts provide traders with lower spreads, advanced tools, and personalized customer support for the traders.
Apart from these accounts, if you are beginning your trading journey and are afraid to risk your funds, you can also create a demo account. These accounts allow traders to trade on the platform with virtual funds. This provides a risk-free trading environment for better learning and understanding of the platform.
