Oanda
Founded in 1996, OANDA is one of the world's leading online trading groups, offering multi-asset trading, currency data, and analytics to clients around the globe.
We started by providing free exchange rate data on the Internet, then launched a forex trading platform that helped pioneer web-based currency trading and today we remain dedicated to building smarter trading experiences
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the best broker i know the spread on EUR/USD remains constant at 0.9 pips. But the platform doesn't respect the Stop Loss and Take Profit orders very acuratly, they tend to rise a few pips 0.5 - 3 pips
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Best broker out there. Highly recommended.
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Reliable and honest broker.
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Fairly reliable platform, tight spreads are the pluses. Limited trading platform functionality, charts, order entries/types flexibility are a downside. I am using FXManager for managed account, simple but fairly complete, certain functions are not very intuitive, especially the allocation system. They do not seem to be very eager on improving the trading platform, but I'll take tight spreads and platform reliability as priority over other feature enhancements.
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i agree i have used them for 4 years without any major problems and the ones i did have they took care of professionally love them charting sucks and mobile platform sucks but i can at least trust them with real money
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going for 10 yrs now, no problem.
my oanda review at http://spyfrat.wordpress.com/?s=oanda
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Using since last October. No complaints!
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after 8 years of being with them, I may say they are genuinely fair and responsible to a trader. Also reliable, if we forget occasional problems with server (especially during news announcements). I have had several cases where I wasn't able to close my trade, or a sudden spike triggered my stop. They settled all disputes in my favor (real acc).
So my only wish with them is to improve server capacity for access worldwide. Of course, platform could be abit modernized. And yes, full mobile trade apps with charting is a must (iPhone etc)
I think reliability always starts with the fact who owns company. If an owner is reliable, so is the company.
regards
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Been with Oanda since 2001. Have never had any problem. They are like family. You can trust them.
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I have been using then since last November- one of the better and honest brokers around.
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The Best Market Maker in the World ! 😁
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Great broker! Small spread, great charts, indicators and support!
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Great Broker not a single prob.
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I've been using OANDA for over 3 years now and have no complaints. Withdrawals are quick and easy.
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I have been using oanda for 4 months till they cancel my trade. They cancel my trade 2 hours after opening trade. I use Hedge position. One with profit was cancel, the secound with loss not.
I loose lot of money. I write to it, but they don't interesting of me.
I live it after those situation.
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i have been using oanda for about 8 years and they are always evolving. they have the tools to help you become a successful trader. no minimum requirement to open account and you can set your margin. forget a demo acct go ahead and open a $5 account and trade to get the feel of trading real money. you may think that $5 isnt much but loosing a penny of your own $$ is better then loosing fake $$$ in a demo. study their tools in the fxlabs and utilize them. they have a great news service also. don't go trying to use every broker. use oanda and they tools that they provide and become a trader.
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One of the best brokers in the world :)
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I've been trading with oanda since I was a rookie. That was three years ago, but I went broke not because of the broker, but I don;t know how to trade. But now, if anyone wants to open an account with oanda, I recommend it. This is due to its reputation, well funded broker and I think its safe. The problem is you cannot hedge and its NFA broker which always changes the rule. Sometimes the customer service are quite slow but overall, its ok.
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I have live experience with other very good brokers but Oanda is the top of the heap for me
Overall
Probably the best place to grow up as a new forex trader. You can trade with a small account without paying fees and having to take large lots. Their API is fine, although at a steep 600usd a month fee for small accounts.
Customer service is very good, If they have a bad price somewhere triggering your stops and loosing you money, they will usually find out themselves and mail you that it's now corrected and you have your trades as if it didn't happen. Once i had an issue where a peculiar crash made my client do stupid trades. guy asked me what i though i'd lost due to the outage, i said well 150 euros or so (i had a small acct.) and they simply credited me those funds. even though my problem was of the sort "i wanted to have sold, but the platform was fubar". they go the extra mile to make clients happy.
also good because you can trade gold and silver.
also good because you get paid interest differentials on the two currencies comprising a position. (and those interest rates are advised). And sub accounts. And lots of exotic currencies. and as mentioned earlier - good spreds. Slippage can work your way too (you clck buy at 1.5, currency goes down before your order travels to oanda, you get executed at 1.498 - they don't pocket the difference)
realtime (several times a second) updating account windows with margin pct and NAV.
Free demo platform that works exactly as the real one.
support for money managers and managed accounts
Dennis
