Oanda

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Oanda – why you can’t trust a broker with your funds

As the Oanda review shows, this is an American organization operating in the financial services market for almost 25 years. The company’s activities cover traders from almost all over the world. The office offers a wide range of trading products. At the same time, the lack of a Russian-language website interface and the fact that all technical support is provided in English can become an obstacle for citizens of the CIS countries.

Broker Oanda offers relatively favorable conditions for clients. Oanda investments start at 1 USD, and for the Core account – 40 USD. The size of the spread depends on the specific trading instrument (for currency pairs the spread starts from 0 points). The minimum trading volume is 0.01 lot for all account types. Leverage depends on the specific trading instrument, maximum – 1:200.

The way they present their work gives hope to newbies. Now we will look at all the pros and cons of the job. And is it safe to cooperate with this broker?

Status	Forex-broker
Year of foundation	1996
Affiliate program	Yes
Regulation and jurisdiction	185 Berry Street Suite 4700 San Francisco, CA 94107 USA
Trading Features	The broker offers very favorable conditions, which attracts clients.
Website	oanda.com
Contacts	[email protected] +44-20-3151-2050

Pros

Variety of trading platforms
No down payment required
High speed of order execution

Cons

Small leverage
No Russian technical support
No Russian technical support
Technical support ignores

Trading Platform	MetaTrader4 (MT4), FXTrade, WebTrader
Currency	USD
Deposit/withdrawal	MasterCard, Visa, PayPal
Min Deposit	$1
Leverage	1:200
PAMM	Yes
Spread	0 pips
Financial Instruments	FX, Indices, Bullion, Commodities, Crypto
Trading Features	Oanda does not set a minimum deposit to open an account, leaving the decision up to the trader. This is especially attractive for clients who do not want to invest large sums. The company has a single trading account.
Bonus	No

Terms of cooperation

Oanda offers two types of accounts. Standard accounts are suitable for beginner traders, while premium accounts are suitable for experienced traders. The main differences are the minimum deposit amount and the availability of additional services. In addition, the broker offers users the opportunity to open a demo account so that they can test trading conditions and become familiar with the trading platform.

To start trading with Oanda and receive rewards, you need to register on the IAFT website and use the affiliate link to go to the broker’s website. Once you create a personal account with Oanda, you will have access to your trading account balance and access to the trading platform.

Company licensing

Broker Oanda has licenses from four financial regulators. The main regulator is the Financial Conduct Authority (FCA) in the UK. License number 542574. Oanda’s other regulators include the Financial Services Commission of the British Virgin Islands (FSC – BVI, 2026433), the Australian Securities and Investments Commission (ASIC, ACN: 603 856 551) and the Investment Industry Regulatory Organization of Canada (IIROC). .

There are a lot of licensing and regulatory issues. It is unknown how they received all this, what criteria were used.

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Expert opinion

Eugene Rudenko

To know how to make money on Oanda, you need to carefully study all the information. The broker has a very impressive experience in the foreign exchange market. During this time, the company has gained a reputation as a reliable broker that offers its clients suitable trading conditions. The company offers only two types of accounts and the opportunity to open a demo account for beginners. There are no cent accounts.

Oanda offers a wide range of trading instruments and three trading platforms (MetaTrader 4, Web Terminal MT4 and MT5). One of the disadvantages is the complete lack of bonus programs.

The Oanda official website is not user-friendly and functional, which causes inconvenience to customers. We also note the absence of a Russian-language version of the site. All analytical and training materials are also provided only in English.

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Trader reviews

Customers leave reviews about Oanda that are not the most pleasant, and they warn you not to contact them. On ratingfx.com, a user writes that many brokers have superior trading conditions, but Oanda cannot adapt to the service market. There are many questions regarding the withdrawal of funds, the terminal began to glitch more and more often. From support only the name.

On ratingfx.com, a user writes that over all the years of work they have not been able to fix all their mistakes and improve trading. Trading platforms do not work at the proper level, there are a large number of glitches and failures. After the plus starts to come out, some kind of problem will definitely appear. The withdrawal is also lame, only a couple of times the money arrived on time, in all other cases there were delays in terms of timing. This broker is simply not worthy of consideration.

A trader writes on take-profit.org that you should never deal with this scam. First they forced me to deposit $500, and then $4000. After the client wanted to withdraw money, they began to respond in a rude manner. The usual sharaga. All positive reviews are their reviews.

On ratingfx.com the client writes that this is a kitchen, a scam, a scam. He left with minimal losses. They constantly have a delay in working with the terminal and it is impossible to close a deal in a long time. Slippage is par for the course for this broker. And if you manage to earn money, then you don’t need to hope that they will withdraw it.

Conclusions about cooperation

We do not recommend that you cooperate with this organization. Sharaga is regulated by a large organization, but reviews indicate many shortcomings.

The company may attract you with its conditions, but not everything is as transparent as it seems. Having a license does not mean reliability. You need to be extremely careful when choosing a broker because your earnings depend on him. And you definitely won’t make money with Oanda.

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FAQ

Does the opinion of a broker's clients affect its reputation?

The company’s rating and reputation largely depend on whether its clients are satisfied. The reviews about Oanda are not the most flattering, and therefore you should take a close look at them before deciding to cooperate with this platform.

How to write a review about cooperation with Oanda on the website?

To add a review of this company on the resource, you do not need to spend a lot of time. The whole procedure takes no more than 5 minutes, and this is already with registration. A letter with a link to confirm registration will be sent to your e-mail, and it will also contain detailed instructions on how to add a review to the site.

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