OANDA Review

Oanda is one of the major CFD trading companies who have a good record with their regulatory body.

However, OANDA’s limited range of CFDs and below-average pricing puts it just behind the best forex brokers.

OANDA pros & cons

Pros

• Oanda has several major regulations

• Oanda is strong in comparison to other companies in research articles..

• OANDA produces its own podcast series.

• Along with that has an easy to use app.

• Social copy trading is available via ZuluTrade , if you area ble to make a minimum deposit of $500..

• Oanda offers the use of MT4 on it's platform.

• Algo trading is available through API.

• Offers physical crypto trading through OANDA's partnership with Paxos (in addition to crypto CFDs where permitted by local regulations).

Cons

• In the video field Oanda is fairly weak.

• OANDA’s spreads are below average for this Market.

• OANDA's fxTrade desktop and web trading platform is good, not great.

Commissions and fees

OANDA’s trading costs are generally steep, with high effective spreads across both its default and core pricing, compared to the best brokers. While not a discount broker, OANDA’s main advantage is its automated execution across its account offering.

Spreads: OANDA’s bid/ask spreads are for example 1 pip on a one lot trade on EUR/USD .

Core pricing: Commission are priced at about the market average.

Micro lots: You can trade as small as 0.01 Lot .

Advanced Trader status: OANDA offers rebates in some countries where allowed. .

Transparency: is a leading company in transparency of their spread charges.