Oanda - Forex Broker information, rating, reviews

 


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A table of real-time spread values is located here: Trailing stops are fully supported by the OANDA trading platform, and are defined during account set-up in the user preference options. Trailing stops can be set with a lower limit of 10 pips and an upper limit of 1, pips. Offering fully automated, real-time currency trading with no restrictions on account or trade size, OANDA has quickly risen to become a favorite among both large-scale and small-scale traders, including individual forex traders.

Its state-of-the-art platform and continual search for new technological applications to make trading easier and more transparent keep it among the top account providers for online interactive forex trading.

I would like to know if there are any additional costs commission? It is hard for me to believe that everything is excatly as if it was real money on the demo platform and that all the cost are included. Please help me out on this point, thank you.

There is no doubt that Oanda is one of the very best trading platforms. There are things to watch though. Around news releases they do increase their spreads often to 10 pips on the majors sometimes more. This can catch the unwary and trading around news should be avoided. They have just changed their platform functionality. I am sure it is better than the old way. That is a shame as I had just got used to their old functionality and was making it work for me and now I have to get used to their new functionality.

Their conectivity is generally very good though there are time when conectivity is lost. Thus it is vital always to have stops in place and where appropriate a take profit. The functionality of Oanda in acheiving this is very good and they do have a very user friendly automatic system. In other words when you place a trade, a stop and take profit can automatically be set. Also having entered a trade, moving stops and take profits is very user friendly.

In summary they really are one of the best, fairest, and most transparent brokers. I have found that there is virtually no slippage on trades and the price that is shown is the price you get. In aanswer to Chrishoff question, the demo or FXGame account performs in exactly the same way as their real money account. I use their FXGame account to test ideas knowing that if I can get them to work on the FX Game account, they will work on a live real money account.

Real time trades just like the practice account. I have been with them for years. I use the practice accout to test new trading ideas and sometimes have both live and practice open side by side and there is no difference. Direct market access or DMA is a service offered by some brokers that allows you to interact directly with an exchange's order book.

If a broker is a STP Straight Through Processing broker, this means that all orders you place are passed on directly to their liquidity providers. An ECN broker is a broker that uses electronic communications networks ECNs to provide its clients access to other participants in the markets. If a broker is a market maker this means that they will buy and sell securities from their clients at a profitable price. Price alerts are a feature that allows you to trigger SMS or email notifications to yourself when an instrument reaches a specified price.

If a broker allows signal trading this means that you can follow the instructions of other traders and engage in automated trading. The most notable aspect about Oanda is their fxTrade platform, which is regarded as one of the fastest platforms in the industry.

Oanda is regulated in five different regional areas, making them a great choice for those looking to access global markets. FOREX offer competitive pricing through its advanced technology and execute your trades fast and at the price you expect or better. Pricing is simple and easy to understand with no complicated commission structures or small print, you know what you will pay. With a commitment to customer support they offer 24 hour support from 9pm Sun through to 9pm Friday.

XTB facilitate seminars with external professional traders and provide personalised education depending on your individual circumstances. XTB operates with two factors in mind; to provide traders with the fastest execution speeds and to be the most transparent broker on the market and this is reflected by the services and products they provide.

XTB also have a dedicated education area - the Trading Academy contains - which contains material to help you become a better trader including video tutorials, trading courses, articles and much more to add to your skills at every step of your trading journey. If you are looking for a broker that is regulated by the Financial Conduct Authority and focuses on transparency, fast execution speeds and customer service XTB is a perfect option for you.

For more information about trading with XTB, we have put together an indepth XTB review with all the pros and cons about this broker. This site uses cookies - here's our cookie policy.

Good AA Our support rating is calculated as follows: Fixed spreads If a broker offers fixed spreads this means that their spreads will remain constant regardless of trading conditions.

Variable spreads If a broker offers variable spreads this means that their spreads will vary depending on trading conditions. Stop losses A stop loss is an order to sell a security when it reaches a certain price, and is designed to help traders manage risk. Limit orders A limit order is an order to buy or sell a security at a specified price or better.

One-click trading One-click trading is a feature that enables you to place market orders with just one click. Trailing stops A trailing stop is an order to buy or sell an instrument if it begins to move in an unfavourable direction. Expert advisors EAs An expert advisor or 'EA' enables you to automatically copy the trades or follow the instructions of another trader. Direct market access Direct market access or DMA is a service offered by some brokers that allows you to interact directly with an exchange's order book.

Market maker If a broker is a market maker this means that they will buy and sell securities from their clients at a profitable price. Price alerts Price alerts are a feature that allows you to trigger SMS or email notifications to yourself when an instrument reaches a specified price. Signal trading If a broker allows signal trading this means that you can follow the instructions of other traders and engage in automated trading.

Oanda services over 75, clients clients around the world.