OA
Oanda Review
Updated regularly · Independent ratings
Overall Rating
4.6 / 5
Fees
4.4 / 5
Safety
4.7 / 5
Platforms
4.6 / 5
Education
3.9 / 5
Min. deposit
$0
ForexCFDsPlatforms: Web, Mobile, TradingView, MetaTrader 4 (MT4), MetaTrader 5 (MT5)Regulators: FCA (United Kingdom), CTFC (United States), NFA (United States), MFSA (Europe), CIRO (Canada), ASIC (Australia), MAS (Singapore), FFAJ (Japan), FSC (British Virgin Islands)
Pros & Cons
Pros
- Strong global regulatory framework
- Fast and easy account opening
- Low forex trading fees
- Multiple fast and secure payment methods
- No minimim deposit
- Negative balance protection
- No deposit and Withdrawal fee
- Multiple account currency options
- Outstanding research tools
- Demo account for practise trading
- User-friendly mobile and web platforms
- Supports Tradingview, MT4, and MT5
- No restrictions on trading style
- Great customer support
Cons
- Limited product range
- Average CFD trading fees
- Inactivity fee after a year of account inactivity
- No integrated social, copy or PAMM trading feature
- Educational offering can be improved
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