You can access MultiCharts using the custom OANDA Trade plug-in. For those of you looking for some of the best trading conditions possible, you can benefit from the speed and raw processing power of the CQG FX platform. It comes with standard and advanced server-side orders available market, stop, limit, OCO, bracket, stop-limit, trailing stop and trailing limit. You can set it up to automate condition, price, time and indicator alerts in a few clicks.

There are some excellent free tools available to help with your day trading activities, including the superb Autochartist software for scanning the markets to find customised signals. I actually think most of you will find the platforms to have more than enough built-in and third-party tools available but it is great to see we get access to some premium tools at no extra cost.

You can access a fantastic range of powerful analysis tools to identify potential opportunities and build a stronger trading strategy. OANDA offer an advanced charting package on its proprietary OANDA Trade platform. The charting package consists of over 65 indicators and drawing tools. You can trade directly from the charts. There are about 11 customisable charts including the Heikin-Ashin, Renko, etc. The charting package is provided by TradingView; a leading web-based charting package and social networking site.

You can scan and analyse the intraday markets using automatic chart pattern recognition and pattern quality indicators. Technical Analysis powered by Autochartist is a web-based charting application accessible on the already robust OANDA Trade platform.

It provides you with continuous intraday market scanning, performance statistics, market volatility analysis and more. This can literally save you from hours of chart watching and sifting through tabs to find relevant signals on your favourite instruments according to your own preferred trading style. Not all brokers provide this tool so it is another benefit of using OANDA for your day trading activities. It is important to remember that there can be no guarantee on results using these signals and that past performance is by no means any reflection of what will happen in the future.

You should always do your own due diligence. Personally, I like to confirm all potential trade setups with my own additional market analysis. This is because I want to know when and why each trade was executed.

That being said, some of the key Autochartist features include:. This is a handy tool for fundamental analysis that lets you keep up to date with what is happening around the global markets.

You can receive updates on important economic announcements and events directly from your OANDA Trade platform whether using a real or demo account which is great. It goes further than your average economic calendar with features including global economic overview, customisable view, reference results and more.

There is also an economic calendar built-in the MT5 platform that makes it easy to keep track of the latest market news. OANDA has partnered with the highly impressive MotiveWave tool to offer a professional charting analysis software.

When it comes to technical analysis tools, MotiveWave is a highly accomplished forex trading tool. If you want something that can not only perform in-depth analysis of currency pairs but also trade at the same time, MotiveWave is an amazingly powerful tool. Dow Jones FX Select delivers real-time global FX news, commentary and analysis directly to your trading portals and mobile applications. From the open in Australia to the close in the Americas, this is yet another quality tool that can provide you with the advantage of actionable news and insight from a premier news organization.

I like how it is available in a variety of languages and publishes content 24 hours a day, seven days a week. The MetaTrader platforms are already packed with professional trading tools for conducting in-depth market analysis. However, the MetaTrader premium upgrade from OANDA offers 28 additional trading tools and indicators in one free download for live and demo accounts.

From within the MetaTrader client terminal, you now have direct access to content from Dow Jones, market news sentiment, as well as two calendars to stay up to date. You can analyse your trading with the OANDA dashboard, as well as access OANDA forex blog content and download the OANDA orderbook MetaTrader plug in. Amongst the useful tools including that can help to give your trading strategies that extra edge, you will find:. There is a really good spread calculator on the OANDA website which I found very helpful to see what the historical spreads have been like.

You can find the spread data by selecting your asset class and instrument, then using the slider to zoom in or out of a time range. You can view an average, minimum and maximum spread calculated over minute time intervals. As you zoom out, this data may be reduced to 1-hour intervals. The main reason I like this tool is you can check to see if the spreads are suitable at certain times you plan on trading.

I use scalping systems so the tool can help me to identify hours when the spreads are lowest. A VPS can be really beneficial for anyone who needs to run their trading platforms around the clock. The VPS can give superior connection quality to the markets and reduces latency which makes it possible for you to constantly run your algorithms or trading strategies. OANDA has strategically partnered with some of the best VPS providers so that you can run automated trading strategies continuously across the range of OANDA Trade platforms, MetaTrader4 MT4 and partner APIs.

This consists of daily commentaries and video analysis as presented by OANDA analysts. It is accessible via the trading platform. The aim is to give you an idea on how to proceed based on the analysis and price movements surrounding various assets.

I found them to be insightful but would always do my own market analysis before taking any position. The topics covered are market commentary, chart analysis, weekly outlook, technical and fundamental analysis. This is also prepared and presented by the team of analysts at Oanda.

I think it is good that everything is available under one roof so it saves you from needing to get your information from multiple different sources. That being said, it can also be considered beneficial to verify ideas from as many places as possible.

There are several training videos covering a variety of different trading topics including fundamental analysis, technical indicators, forex trading, etc. The videos are grouped for beginners, intermediate and advanced traders. There are trading guides covering different types of trading. In addition to this, there are articles explaining basic concepts which beginners may find useful if they are just getting started with online trading.

I was really impressed with the abundance of high-quality educational content that is provided free of charge. I think this would be highly beneficial to traders of all experience levels. It is always great to see a broker show that they care about clients having the tools at their disposal to make informed trading decisions. OANDA offers a great choice of financial instruments including over 70 forex assets including the major, minor and exotic pairs. The only assets available to US clients are currency pairs.

CFDs are not available for trading in the United States. I think this would be more than adequate for forex traders who are looking for top class trading conditions.

OANDA keep things nice and simple with a standard account type and advanced loyalty trader program. You can get access to core pricing and commissions along with spread-only pricing. This can help to save on trading costs in the long term. Generally, I found the broker to have very competitive trading conditions in terms of spreads and commission fees. I also think the other features OANDA has such as excellent platforms, advanced tools and regulation, make them worthwhile.

There are free demo accounts if you would like to practice trading online and see what the broker has to offer before making a financial commitment. I think this is a great way to get a feel for the OANDA platforms and plethora of superb tools they have available. You can start trading in 3 steps: apply, fund and trade. The new account opening page opens. Type in your country in the textbox, if they do accept residents from your country the form loads and opens, but if not, registration cannot continue.

There are forms to complete including account information, personal information and identity verification. If everything is done correctly, the account is approved and an email containing further instructions is sent by OANDA to the new client. I found the signup process to be just as quick as other brokers that I have signed up with in the past.

This is impressive when you consider all of the things they need to check before accepting clients. The OANDA support desk is available 5 days a week via phone, email and live chat. OANDA chat is a virtual assistant that first initiates the chat. The support page on the website has a Frequently Asked Questions FAQs section that can give instant answers to some common questions that you may have.

Facebook, Twitter, LinkedIn and YouTube are the social media channels available. Accounts can be opened in a good variety of currencies including USD, EUR, HKD, SGD,CAD, AUD, JPY, CHF, GBP. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. Compare Broker Features Compare Brokers vs Our Top 3 Brokers This Broker AvaTrade IG IC Markets Founded Regulated ADGM FRSA, ASIC, BVIFSC, CBI, FFAJ, FSCA, IIROC, JFSA ASIC, BaFin, CFTC, DFSA, FCA, FINMA, FMA, FSA, FSCA, JFSA, MAFF, MAS, METI, NFA ASIC, CySEC, FSA, SCB Min.

They are a very well-established forex broker that continues to implement the latest innovative trading technologies, paving the way for others to follow. This makes sure they can keep up with the latest trends in an ever-evolving market. I like how OANDA holds multiple regulations and thus must carefully abide by the stringent regulatory provisions. You can get convenient access to trade the forex market via versatile trading platforms with a myriad of innovative tools to assist you with analysing the markets and finding opportunities.

There is also a comprehensive range of expert analysis, training videos and other educational resources available on the OANDA website and platform. I found them to have a good selection of financial instruments, especially when it comes to currency pairs. There is no minimum deposit, meaning that anyone is welcome to use their trading services irrespective of trading capital or experience. The broker can accommodate individual, corporate and international traders alike. You can fund your account with a good variety of funding options to choose from.

There is also the option of a free demo account if you want to test drive them before making a commitment. Oanda is a multi-regulated and established online broker offering an excellent range of financial instruments via powerful and user-friendly trading platforms with industry leading trading conditions and a superb selection of premium trading tools for comprehensive market analysis.

Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. Richard Montana Richard has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker.

This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process. Home Trading Broker Reviews Oanda Review. Oanda Review Richard Montana November 17, Table of Contents. Trade Trade. OANDA Platforms. OANDA Trade Desktop Platform. MT4 Platform. MT5 Platform. OANDA Trading App.

They have plenty of major, minor and exotic currency crosses for you to choose from. In addition, you can trade CFDs in other markets including stocks, commodities and indices. The Oanda platforms are available in desktop and web versions, as well as mobile applications for iOS and Android devices.

The training videos cover various trading topics and are grouped into beginner, intermediate, and advanced sections. With the guides covering different types of trading, the articles explain the basic concepts in trading that a beginner should know. Oanda is a well-regulated broker that provides innovative trading services through its award-winning platforms and powerful trading tools.

With a good selection of tradable instruments, educational resources and market research, Oanda provides you with everything that you need to trade forex and other CFD instruments. Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading!

Read more about me. Skip to content Forex Brokers Forex Courses Forex Robots Forex Signals Forex Systems Forex Tools Forex Trading. Forex Brokers Forex Courses Forex Robots Forex Signals Forex Systems Forex Tools Forex Trading. Search for:. Home Forex Brokers Oanda Review. Table of Contents. Markets 8. Platforms 8. Tools 8. Education 8. Pros Powerful trading platforms Advanced market research tools Lots of educational content Range of funding options No minimum deposit.

Richard Montana November 17, The OANDA Group has multiple subsidiaries who are licensed to offer products to clients around the globe. The OANDA subsidiary with whom a client contracts depends on their country of residence. Each subsidiary provides different products via different platforms, so clients will experience OANDA differently depending on their country of residence.

For the purpose of this Oanda review, we will be focused on Oanda USA. They only provide forex trading and do not offer CFDs to USA traders. OANDA is an established online broker offering a generous range of forex trading instruments for you to trade on powerful yet user-friendly trading platforms.

They have tight spreads from 0. I found there to be a fantastic selection of premium tools to assist with market analysis and finding trading signals, including the excellent Autochartist and TradingView. For beginners there are some very helpful educational resources and a dedicated support team to help you along the way.

It only takes a few minutes to sign up with no minimum deposit required. You can also trade on a free demo account to build your confidence and get a feel for what the broker has to offer before making any investment. I think that OANDA can be a great choice of broker for anyone looking to trade in a well-regulated environment with industry leading trading conditions. OANDA was founded in by two professionals with a vision to change how the world interacts with different currencies.

The company was incorporated in the USA but today, it has offices throughout the globe in Canada, UK, Japan, Singapore and Australia. They were actually one of the first brokers that I came across when I started trading online many years ago. The fact that they are still going strong today is a testament to the top-class brokerage services that they continue to provide to traders worldwide. All orders are executed at best available rates and optimum speeds. The broker has a team of expert analysts who present insightful news, market analysis and commentaries.

This can be great for inspiring trade ideas and helping with making informed decisions. They have been recognised with over 50 industry awards over the years, in different areas including trading platform features, mobile apps, customer service, risk management, trader education and more.

This shows that they have all angles covered and I would personally consider them to be amongst the best brokers for trading online. Our 1 Broker AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities.

You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees. OANDA are regulated in multiple jurisdictions which gives me great confidence that they are a broker who can be trusted. In the United States, OANDA Corporation is a member of the National Futures Association NFA. The broker is also registered with the Commodities Futures Trading Commission CFTC as a registered Futures Commission Merchant and Retail Foreign Exchange Dealer RFED.

CFDs are not available to residents in the United States. OANDA have a great selection of platform for you to choose from. There are platforms for all of your devices which makes it convenient to access your account and follow the markets as and when you need to.

You can choose between the fully customisable OANDA Trade web-based and desktop platforms or apps for mobiles and tablets. You can also speculate on the global markets using the popular MetaTrader platforms. They support the excellent TradingView which brings endless charting possibilities and a social aspect to your online trading activity.

They also have some powerful API solutions for those of you who are institutional traders that demand the very best in connectivity to the markets at all times. Both the OANDA trading platform and the MetaTrader platforms support mobile trading via iOS and Android apps. These mobile apps can be downloaded and installed from the respective app stores. They integrate seamlessly with the desktop applications and maintain similar features and functionality.

It has a great set of tools for conducting market analysis, advanced charting and trade management. The platform offers a flexible and convenient trading environment for traders of all skill levels. It is available in 3 versions; web, desktop and mobile. The web version runs directly in the browser and thus, works on every operating system in most modern web browsers.

The desktop version is installable on Windows and offers a fully customisable user interface. I am a big fan of the app as I like to take the markets with me in my pocket and check my account whenever I feel like it. I think this is a very user-friendly platform that has enough features and functionalities for most traders.

You can analyse the markets, place and manage positions, all with relative ease. This platform is perhaps the most popular when it comes to forex trading and has become a standard among many brokers and millions of traders worldwide. The MT4 platform is intuitive, versatile, fully customisable and packed with a vast array of essential tools useful to traders.

OANDA presents MT4 as a downloadable desktop application and as mobile trading apps. I have used MT4 for many years and find it perfect for analysing the markets using various indicators and running automated trading systems. It is packed with more tools than most traders will ever need. Not to mention that its capabilities can be extended even further with an almost unlimited amount of free and paid add-ons available for you to use. You can customise the platform to be as simplistic or complicated as you need it to be.

In addition to the MT4 platform, OANDA also provide its successor, the MT5 platform. Whilst this platform maintains the key features and functionalities of the MT4 platform, it also has some more advanced capabilities. You will be able to enjoy features such as built in depth of market, an integrated economic calendar, one-click trading, advanced trading tools and improved charting capabilities.

Just like MT4, the MT5 platform is available for web, desktop and mobile on live and demo accounts. MT5 is a faster and more efficient platform that will improve the trading experience. You can automate trading strategies, buy and sell currency pairs with only one click and access greater market analysis tools. You can also create expert advisors in MQL5 to automate their trading strategies. It is a pity that we cannot use MT4 tools on MT5 as they use different variations of the MQL programming language.

This is one of the main reasons I have stuck with MT4 because I am well versed in MQL4 and have already built loads of tools for it. I would say MT4 will be sufficient if you are primarily looking to trade forex. On the other hand, MT5 might be preferable if you plan on branching out into other asset classes.

Another great thing is that they are available through most brokers, OANDA being one of the best out there. OANDA provide you with a super responsive app that boasts best-in-class technology when it comes to speed and reliability.

This modern and intuitive app has been tested to the most rigorous standard. I like how the fxTrade app is fully customisable and performs equally well on both iOS and Android platforms.

Everything is streamlined to ensure you can get an optimal trading experience. The app works seamlessly with MetaTrader 5 so that you can access all your accounts by means of a one-key login without having to log in or out again. You can browse the numerous instruments available and look for high-probability set-ups. Their partnership with the brilliant TradingView provides you with the best of both platforms. The FIX API is an API, based on the FIX protocol, and used to communicate directly with the OANDA Server through FIX messages.

It is a protocol, designed for exchanging electronic messages, containing financial information — the dominant protocol, used for electronic trading. This is a flexible tool that allows you to develop any algorithm using any programming language. These tools can then be connected to the markets using the FIX API tool. FIX API focuses on transferring large amounts of data within a short period. Hence, unlike some other trading platforms, the execution time can be reduced for FIX API.

REST or Representational State Transfer is an API that involves using HTTP for making requests. It is used in applications wherein some information needs to be transferred based on user action.

Developers and investors can use the REST API to create custom trading applications, integrate into the OANDA platform, back test strategies and build automated trading strategies. The MultiCharts online trading software platform is available via the OANDA API and provides robust technical analysis for professional traders.

You can access MultiCharts using the custom OANDA Trade plug-in. For those of you looking for some of the best trading conditions possible, you can benefit from the speed and raw processing power of the CQG FX platform. It comes with standard and advanced server-side orders available market, stop, limit, OCO, bracket, stop-limit, trailing stop and trailing limit.

You can set it up to automate condition, price, time and indicator alerts in a few clicks. There are some excellent free tools available to help with your day trading activities, including the superb Autochartist software for scanning the markets to find customised signals.

I actually think most of you will find the platforms to have more than enough built-in and third-party tools available but it is great to see we get access to some premium tools at no extra cost.

You can access a fantastic range of powerful analysis tools to identify potential opportunities and build a stronger trading strategy. OANDA offer an advanced charting package on its proprietary OANDA Trade platform.

The charting package consists of over 65 indicators and drawing tools. You can trade directly from the charts. There are about 11 customisable charts including the Heikin-Ashin, Renko, etc. The charting package is provided by TradingView; a leading web-based charting package and social networking site.

You can scan and analyse the intraday markets using automatic chart pattern recognition and pattern quality indicators. Technical Analysis powered by Autochartist is a web-based charting application accessible on the already robust OANDA Trade platform. It provides you with continuous intraday market scanning, performance statistics, market volatility analysis and more.

This can literally save you from hours of chart watching and sifting through tabs to find relevant signals on your favourite instruments according to your own preferred trading style. Not all brokers provide this tool so it is another benefit of using OANDA for your day trading activities.

It is important to remember that there can be no guarantee on results using these signals and that past performance is by no means any reflection of what will happen in the future.

You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Follow us. OANDA, co-founded by Dr. These tools can then be connected to the markets using the FIX API tool. These cookies do not store any personal information.

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