Review Score
Customer service
Live Spreads


Minimum deposit ($)
Accepting US clients?
Swap free accounts
Segregated accounts
Interest on margin
Managed accounts
Accounts for money managers (MAM, PAMM)
One click trading
OCO orders
Trading over the phone
Hedging allowed
Trailing stops
Mobile trading
Scalping allowed
Demo Accounts
Web based trading
Minimum lot size
Maximum lot size
Broker type
Market Maker
Maximal leverage (1:?)
Toll Free # per region (# will be routed to the active CX desk globally) -Toll free in Canada and the United States: 1 877 626 3239 -United States: 212-252-2129
1 212 208 4356 or 1 877 264 2220
Phone, Chat, Email, FAX
140 Broadway, 46th Floor New York, NY 10005, USA
Trading Platforms
FXTrade, MetaTrader 4, Oanda
Funding/Withdrawal methods
Wire Transfer, Debit Card
Account Currency
English, Spanish, Chinese
United States
International offices
Canada, Japan, Singapore, United Kingdom
Trading platform(s) timezone
(GMT -4:00) Atlantic Time (Canada), La Paz, Santiago, Georgetown
Other trading instruments
Cryptocurrency, Forex
Oanda User Reviews
Member Since Dec 05, 2009   3 posts
Apr 19, 2012 at 09:05
MBTrading is as good as dukascopy, i think they are from australia ;)

tight spreads, MT4 Platform and non-expiring.
Member Since Mar 07, 2012   9 posts
Apr 19, 2012 at 09:01
I'm looking for non-expiring demo account and fast executions and of course good spreads - with oanda demo I was waiting from 30-60 seconds for orders to be cancelled. I live in Australia so would prefer ozzie broker but there does not seem to be many here. I am currently with GoMarkets in AU and they started out really good but lately their demo a/c server is very slow with several little freezes. I don't know what their live account is like but I want to try a few more to compare.
Member Since Dec 05, 2009   3 posts
Apr 19, 2012 at 08:53
i also withdrawed my money from my oanda account.

shitty spreads - compared to my 'new' broker dukascopy and the cfd´s are bad too, first cool tight spreads, i immediately deposit money, and then they change them every day.

this is spreadshitting.

so i stay at my new broker for forex and rbs for cfds.

oanda has no edge compared to other brokers.
Member Since Mar 07, 2012   9 posts
Apr 19, 2012 at 08:21

   AnotherBrian posted:
   Terrible MT4 platform. Oanda does not let you use the comment field OR the magic number fie4ld for your EA's. Bye bye Oanda, you suck.

Indeed! .... this has to be the most ridiculous tampering of the platform I've seen so far. I don't know why the hell they even bothered to *support* MT4 given the restrictions and BRAG about it on their site but fail to mention these *modifications*. I discovered that you cannot even use the 'Print' command from with your code ... the output just does not show anywhere!! Debugging in MT4 sux puss enough as is let alone removing one of the main means of debugging available!! WTF were they thinking?

I'm off ta find a *proper* broker.
Member Since Dec 05, 2009   3 posts
Feb 12, 2012 at 20:56
Oanda for Positiontrades maybe for Swingtrades too, but not for Daytrades - Goodbye Oanda... There are better Broker out there nowadays..
Member Since Dec 17, 2011   75 posts
Jan 01, 2012 at 21:57
Terrible MT4 platform. Oanda does not let you use the comment field OR the magic number fie4ld for your EA's. Bye bye Oanda, you suck.
Member Since Jul 29, 2011   13 posts
Dec 31, 2011 at 09:27
Only forex broker I know pays interest on balance. Also very competitive spreads.
Member Since Jul 10, 2011   1 posts
Jul 10, 2011 at 21:05
I have been using Oanda for close to 7 months now and they are reliable broker and you can trust them with your money. Withdrawal is fast and easy....

Occasionally they have server breakdown but overall quite satisfied with their services.

Their Live Help support is also responsive and good.

Member Since Mar 24, 2011   21 posts
May 26, 2011 at 16:17
I have a real account with them for 2 months now and they rock.
I am using MT4 with EAs and never had an issue as far as execution, orders and customer support concerns.
Also their live chat rocks.
They even respond during weekends!!!
Member Since May 16, 2010   1 posts
Mar 20, 2011 at 10:38
Che dire ....ottimo broker , a mio parere il migliore in assoluto , velocità di esecuzione rapidissima , nessun limite di apertura posizione , e mercato sempre aperto.
Da quando opero con Oanda anche la mia operatività e migliorata notevolmente

What can I say .... Excellent broker, my opinion the best ever, very fast execution speed, No Limit open position, and always open market. Since I work with Oanda Also my operation and significantly improved
Member Since Oct 09, 2010   5 posts
Dec 06, 2010 at 06:46
Good spreads. Few disconnects.
Sometimes their bank will charge 26 USD to receive an international wire transfer when Oanda says they won't charge. I assure you that their bank will charge you, at least, sometimes. It's not nice to charge a customer for receiving investment funds.

Avoid using 'bounds' in their STOP system because it is unreliable. Use 'limit' orders as STOP or use the GUI STOP on the chart.

Last NFP their system failed for 15 minutes.
Member Since Nov 08, 2009   36 posts
Dec 06, 2010 at 03:11
some brokers dont allow stop loss less than 20 pips!!
Member Since Dec 03, 2010   7 posts
Dec 03, 2010 at 14:01
-Good spread

-frequent disconnect, specialy when NFP
-NO apologise from oanda
-Trailling stop minimum 10 pips

Member Since Nov 02, 2010   2 posts
Nov 06, 2010 at 20:37

Been using them for a few months now. Their platform sucks for technical analysis but is easy to use for entering and exiting trades which is all I use it for. I use a Metatrader demo account with another broker for technical analysis so it's all good.

I have a lot a problems with their platform locking up requiring me to restart it all the time. I think it has to do with the fact I have Windows 7 64bit. As major a problem as that is it is not nearly as important as spreads, ease of use, customer service etc. and they come up all aces there.
Member Since May 22, 2010   7 posts
Oct 30, 2010 at 18:36
it would be really great mt4 with these guys, anyway the BEST BROCKER EVER!!
Member Since Sep 16, 2010   21 posts
Oct 02, 2010 at 17:05
Oanda is where I have a LIVE account (micro) and it has been up for a year now. as far as my experience with them - I have no problem at all. There were times I have concerns raised in their support and they are sincere and determined to let me understand the situation. I appreciate their sincerity. I am confident when I would open a larger amount, They can be trusted.
Member Since Aug 31, 2010   21 posts
Sep 16, 2010 at 02:51
Excellent Broker. I had a program written in C++ specifically for Oanda and Interactive Brokers. API plug in works seamlessly, excellent spreads, good customer service, and I like the platform. Just wish they had MT4 so EAs could run on it. Their API fee is high ($600 a month) but the cost is offset with lots traded. Still, the API fee makes them less competitive with other brokers that use Meta4. Their platform would go down from time to time, but the API stayed connected. Good people.
Member Since Aug 23, 2010   1 posts
Aug 23, 2010 at 09:46
Very good broker. You can alway use MT4 for chart and trade on Oanda!!
Member Since Jul 21, 2010   14 posts
Jul 24, 2010 at 11:04
Un ottimo broker, da quando ho aperto un account con Oanda, ho migliorato sensibilmente anche la mia operatività😉
Member Since May 24, 2010   2 posts
Jun 20, 2010 at 20:04
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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