4 Sep 2024Isra
I have noticed on many occasions that they widen the spread of the spread to hunt stops. Another detail for which I have already decided to look for another broker, is the fact that they have charged me five euros for a swap of a "micro lot" of platinum, What is the price for a lot, €500?
6 Oct 2023Felix
OANDA stands out as a distinguished broker, largely due to its affiliation with a renowned regulatory body. When I'm selecting a broker, this regulatory backing is my primary consideration. I meticulously went through their entire user agreement and was pleased to discover that it was transparent, devoid of any hidden clauses or unexpected terms. When we speak of their offerings, they present an impressive assortment of trading instruments complemented by competitive spreads. However, it's worth noting that there are areas where OANDA might improve. The absence of bonus programs is noticeable, and the leverage being capped at 1:50 might not be suitable for every trader's strategy. Additionally, the limitations on fund withdrawal methods – restricted to just card or bank transfers – could pose an inconvenience for some. But, taking everything into account, OANDA emerges as a solid choice, especially for those who predominantly communicate in English.
30 Sep 2023Yana
I partnered with OANDA for a span of six months, and my overall sentiment is: "it's decent, but there are stronger contenders out there." The most compelling facet of OANDA lies in its robust safety record. With multiple regulatory bodies overseeing its operations and a solid 25 years of industry experience, there's a certain confidence one can place in their reliability. However, other aspects leave room for improvement. The 1:50 leverage they offer can be quite limiting, particularly when you're working with a modest deposit – it curtails the extent of trading one can embark upon. The withdrawal mechanism, while seemingly straightforward since it's restricted to bank cards, can add up in terms of fees. When you tally up the cumulative commissions, it becomes a notable chunk out of one's earnings. Furthermore, their online platform was, for me, among the least user-friendly I've navigated – its functionality could be vastly improved. To sum it up, while OANDA is competent, the trading ecosystem offers more dynamic and user-centric broker options.
23 Aug 2023Guram
Embarking on my trading journey, OANDA was the first broker I engaged with, and regrettably, my experiences were anything but smooth, leaving me simmering with frustration. It's conceivable that the platform may cater aptly to the needs of seasoned traders, but as a novice in the field, I found it disappointingly inaccessible and notably lacking in customer-centricity. One prominent critique stems from the apparent disregard for customers, particularly those who are fresh to the trading world. The absence of bonus programs felt conspicuously neglectful, depriving newcomers like me of potential initial boosts to our trading ventures. Furthermore, the unavailability of cryptocurrencies as a tradable asset left me feeling restricted in a market that prides itself on offering a myriad of trading opportunities. Moreover, the leverage provided by OANDA, pegged at a meager 1:50, raised another substantial barrier, particularly when pondering the financial depth required on a deposit to generate any substantial profits. The capital required to yield handsome gains with such leverage casts a shadow over the accessibility of profitable trading for individuals operating with limited funds. The lack of cent accounts only exacerbates the aforementioned financial barrier, further alienating small-scale and beginner traders. I found myself enveloped in a quandary, trying to comprehend the broad acclaim often directed towards this broker. From my vantage point, it amounted to what I'd characterize as a “nothing burger” – offering little in the way of sustenance or satisfaction for a trader at the commencement of their journey. This leaves me pondering the dichotomy between my experience and the positive narratives, prompting reflections on the variables that might constitute a fulfilling experience for others.
14 Jun 2023Tom
Oanda today is perhaps the only broker with whom it is not scary to invest in the long term. Tools are good enough. They have many offices in major cities. But I solve most of the issues remotely, I have been in the office a couple of times during the entire period of cooperation. I also like that Oanda is constantly improving their products, opening up new markets and new opportunities. This year, Oanda opened up Asia, gave access to gold, and developed new protected products. By the way, they always work within the framework of current market trends, discover what is relevant now. In general, this is the broker you are not afraid to trust your money.
14 Jun 2023Lexx
For all the time of cooperation, no serious claims. If I'm not mistaken, then they are almost the only ones who allow you to calmly replenish your account from a debit card. Withdrawals can also be made to the card, but I prefer an electronic wallet for this case, it is convenient and fast and no one has any questions. Sometimes there are questions about setting up the terminal, the support guys help, they are very smart. The broker is perhaps not for those who like to trade after work. If you want good earnings, you will have to allocate more time for trading.
28 Oct 2022Joe J.
Big requotes on Eur/Usd even during active market times. 14 pip difference from price trades on & execution price! I can’t believe that this forex broker is still allowed in the US. Stay away or they’ll take all your profits. I’ve been trading a long time & I thought these behaviors were gone in the US - but not with Oanda!
12 Jul 2022Lucky
I made deposit payment, was denied, tried to contact several times, but they keep saying thy never received my payment. until now I am still waiting for my money to come back to my account. I feel like thy scamed me coz I lost my money and they don't care.
12 Jun 2022April
I submitted a support ticket April 4, 2022, and still waiting for any resolution (2+ months later)! The settings on the online platform won't save. No one has reached out to me and when I follow up, I get robotic responses that they'll let me know when there's an update. I'm extremely disappointed in the technical issue and the customer service.
7 Jun 2022Ziniho
Oanda has been great for the short time I have used the platform, but there are some major issues. Almost every week I get logged out while trading then when I try to log back in, I get an error message until my account gets locked out and blocked. Then when I call to unblock my account I'm on hold for over an hour. Seems like oanda is short staffed and they are having software issues - I've reported the problems to oanda and they don't seem to care, so I'm just going to move platforms.
3 May 2022Jackie
I have been waiting over one month for a support ticket to be resolved - the settings on the online platform will not save. Furthermore, I have asked support now twice for information on their fees with no response (there are a lot of different fees and trying to figure out exactly what they are on their website doesn't seem possible). I am going to move to another platform and I do not recommend Oanda. Although their trade layout is clean and easy to read, it's just not worth it - bad customer service and high/confusing fees.
12 Jun 2022April
I am having the same issue with the settings! It's been 9+ weeks after submitting a support ticket and nothing. Really terrible.
9 Dec 2021F Michaels
Oanda is a fraud company. I took a forex trade NZD/CHF trade (ticket #1162), the price was nowhere near my stop loss but they stopped me out of the trade and when I questioned it, they claimed it was a market slippage that caused it which is fair enough but what annoyed me was taking £18 instead of £11 the agreed stop loss price! I would not recommend this broker. Please be aware this might happen to anybody.
21 Sep 2021Michael
Terrible platform. Customer service is the worst. They have people in India reading off the screen that don't know anything about trading or the platform. The close your trades without warning. Im closing my account with them! Avoid.
27 Apr 2021jeff
I just learned my entire account on Oanda got wiped out from "inactivity fee" because I trusted to use their platform for long term investments.
11 Jun 2017Greg77
Nice company with a solid reputation. My first account was opened in 2010. Oanda was the first retail fx broker that has provided tick data for all currencies. I still trade with them by testing expert advisers on small accounts. Good solution for beginners with small amount of money.
29 Jun 2016Huckeberry8
My experience of trading with Oanda is very positive. There are many features available on the website. If you have a real account, you get an access to huge database of historical prices. I use automated trading strategy and it requires backtesting on history. So I need high quality data and it's available on the website. The main point is that all data available in ticks. I can convert it to different timeframes and there is no need to pay extra money for data from other vendors. If you need good broker and high quality data for testing your algorithms then think twice about this one.
19 Jun 2016Raj
I like them due to deep market liquidity and competitive spreads. Nothing out of the common - just nice stable trading conditions.
2 Jun 2016Andy
Listen, I understand that this is a reputable broker but I am not satisfied completely with it. When I started, everything was perfect and suddenly the problems began. That sudden change occurred after I made profits several times. They stopped to execute orders. I thought something was wrong with my desktop, reloaded it and the pause was fatal for my deals. Perhaps I should continue but I’ve quitted at once. Though, it’s a pity. Here they offer innovative trading tools for analyzing the trends and stimulating the market, promise the secure trading.
16 Jan 2013mahesh ch
the best and top and great and king forex brokers in the world are oanda.com and fxcm.com only for serious traders. because i have been trading with this two brokers for nearly 2 years. i accumulated $2m .
16 Jan 2013mahesh ch
rule no 1: trade with oanda or fxcm
rule no 2: trade with oanda and fxcm only for ever and ever
16 Jan 2013mahesh ch
fxcm and oanda are mothere forex brokers to the universe. no forex broker can be compared with them. seriously. once and once again thanks to them
21 Sep 2012Nishkalanka FX
Compared to all brokers I've dealt with Oanda is the my favorite.
9 Oct 2011todd
and by the way, the regulators are funded by FX dealer and just regulate how FX brokers can steal from clients. Clients have no recourse to regulators, absolutely nothing, these thugs all work to find ways to steal from the public.Look at the financial crisis caused by these thugs colluding with one another. They are above the law because they have backing of the regulator and the regulator reports to the government which as we now see is also crooked.
2 Nov 2018Will
Dangerous twists! I agree and now believe the majority of the positive reviews are funded by forex companies! I practiced and studied system for over 2 years. When I began I had a 93% winning streak for 3 months and tripled my money. However, problems began a day after making my first limited withdrawal. They are limited and Must be done in increments of $9000. After that moment limit orders were always a Pip away or less even with huge moves. Bids all resulted in instant reversal to the bid! I would occasionally get 1:20 return but it seemed I was the only player. After a 2 month retraction and reevaluation I was able to trickle minor income but the -Historical- anomalies only occurred on my trades within seconds of entry! These systems are not regulated appropriately and there are no open source disclosure to its directional purity. In this case as crazy as it seems I see an easy platform to program eliminatory strategies against actively successful investors. Beware!
7 Sep 2011todd
thanks for the input regulator btw, 25 years ago I was trading with brokers via telephone calls. Yes it took me 25 years but there are many people who trade fx still, I wonder why because you cannot win unless you do physical money really, what do you think?
14 Aug 2011todd
I was customer with this bunch of crooks for 3 years. Made 17,000 small trades, over 3qtr trillion dollars in small trades. Made money in small amounts until they decided to target my account causing me losses of half million swiss francs. They also overcharge on bank transfer fees. My advice, stay away from them, they are the worst broker I have had in 25 years of trading. They openly brag about staff parties and bonuses on their website. Olsen sits in a office with one secretary over looking lake of Zurich, making billions from traders stupid enough to trade with oanda. This arrogant man refuses to talk to his clients as does his university & childhood friend Stumm in Canada. Client Funds are not protected but kept on Oandas own balance sheet!!!! very dangerous for clients. They often changed my account history transactions to the point I could not montior my account, their IT crowd deliberately kept changing my transaction history, yes, that's right!!! it's illegal. Of course there is also no one to report these thugs to. When I phoned their customer support, they returned my call threatening me. This is how the repay a customer who made over 17,000 trades in 3 years, paid 20,000 in interest and eventually lost half million with them. The platform continously crashes, they widen spreads often to 20 or 30 ticks. Fills never go in the clients favour and I filmed this for 3 years. Oanda are completely useless and should be in prison along with the bankers who support them.
14 Aug 2011todd
ps...I also made profit so am not writing this because of losses, it's because of their utterly useless management and systems
18 Aug 2011todd
That would be fruitless and a waste of time because the FX market is not regulated at all, ANYWHERE!!! Sure FX dealers say they are members of the regulators but fail to tell you FX markets are NOT regulated by regulators, ask the regulators, they'll tell you the same too. These FX dealers all work with banksters to rob individuals, you might be lucky and get in and out with some profit but 99.99% individuals lose long term, that's fact.
21 Jan 2011Speculator X
Oanda has not SLIPPAGE !!!!!!!!!!!!!!!!!!:
The price showed in grafs is a average of bid and ask line. While in the metatrader is bid price.
Click on chart options (in top of grafh, right corner) and take your own conclusions.
To me the prices close straights
8 Jan 2011Dinar
i am from indonesia, oanda is the best broker, who give negative comment for oanda is looser, maybe lose big money.,.,.
4 Nov 2010elionu
Oanda is the Best for day Traders
31 Oct 2010user since 2006
they do not have a way for you to close a position if the platform is down. And believe me it is down much more ofter then you would like. All you are left to do is just hopelessly watch as the market goes against you. So, get a backup broker. On the other hand, outside of news event times you will not have more than a .5pip slippage for your stops and they have tight spreads. do not trade news with them.
27 Sep 2010trrrader
For a good trader one pair is enough for trading
25 Sep 2010mawan
I never had problem with Oanda, Always provided prompt responses. If you are active trader during peak hours than perhaps huge spread can be a problem. I have been with Oanda for 5 years, I would highly recommend. Happy with their java based client that I can run anyplace. Risk and money management are keys to booking profits and cutting losses.
18 Apr 2010josue de moraes
Forex is shit, broker are shit, please don't get into this scum business.No one of them are honest...the are all looking for your money...
1 Apr 2010danny
i hv check many broker .. i found the way of oanda doing like asking for document verification before you can deposit any money ... where you money from and where you get your withdrawal to go ARE very prudent practice. AND i m very impress by their narrow spread... this is most important to serious trader.
20 Mar 2010nek
used to be trader with oanada a year. at first i knew they are only good one out of the ehole forex out there beside ecn. I like the flexivle various small lot contact, but other than that they are horrible i had experience with. YOU CANT TRADE THE BIG NEWS. some advise for you, have very large account and trade small, dont use stop loss. They will hunt you down.
23 Sep 2009Uygar Saral
funny comments...who can really complain about oanda? I am a rep of Oanda as the other positive talkers ...go get a life, or bs about sthg else!
15 Sep 2009Forexia
Best if you know when to trade and not to trade. Best if you trade Eur/usd. If you trade without paying close attention to spread, surely Oanda can empty your account faster than other forex market makers.
7 Sep 2009Mac
Recently, I enjoyed using Oanda but now I have to let them go....simply because their interface is TERRIBLE!! It always has glitches and I always have spyware and adware EVERYTIME the software opens because I scan my computer after I close it out with spydoctor. It always closes out on its own and this is VERY annoying!! Plus, you can't use an automated robot with the software if you wanted to. It has A LOT of downfalls. I also keep constantly losing money trading. <br />
<br />
BYE OANDA, IT WAS FUN WHILE IT LASTED :-(
7 Jul 2009cice
i use oanda 2 monts now, and i can say a few bad thinds about it, their platform is really silly and slow, especialy on high volatility, and i have expierence in stop hunting, i never play o news coming, but trading on 1h TF ant stpo loss was hit 5 pips from original my SL, thats the bad way to build trust in company, but i will stay whit them and see what goona happen...
29 May 2009jon
a very old obsolete oldie platform. leverage only 1:50 to low low spread but very high in demand time goes up not 0.8 goes to 2.5 not funny, scarpy platform and leverages changes them please
2 May 2009Ponnu
Oanda is one of the best in the forex market and very stable trading platform Two things need urgent improvement One is open position on the chart and the other one is able to hedge trade on open position. One best one is CMS free technical trading systems is good for beginners and hedge trade on open position with out any extra margin.
15 Apr 2009Dennis
38 currency pairs ... is that all?!?!?!?!?.... ugh... it's not serious for a company which claims to exist for 13 years with offices in three countries.
15 Apr 2009Robert
it's seems that Oanda has deeply stucked in the last century. It's so obsolete! Awful charts, no trainling stops, no good instruments, very poor technical support... How can one get a trading experience with such company? They don't give a damn about real needs of their clients.<br />
What about high-tech solutions such as provided by other brokers? It's a real shame they aren't aware of the last achiements in Internet-trading.<br />
Besides, today, when other brokers offer spreads starting from 1 pip, they provide an enormously huge spread!
4 Apr 2009lalalan
I have tried several other top brokers......Oanda is Super! I have no complaints.....I highly recommend...Happy Trading!
3 Apr 2009bradlkt
Who are the OandA spies?
24 Mar 2009Cole
How is Oanda permitted to place wrong competitor information on their website? I am with GFT and when I looked at the Oanda site I noticed that the competitor spreads they use to claim they are the best are wrong! GFT's and ACM's are way better than what they claim!
24 Mar 2009Warning
Trading with Oanda will result in boredom! Only 29 pairs, no gold or silver, no OCOs, no mobile trader. Cutting edge stuff...in 1999!
23 Mar 2009Doma
Absolutely terrible, there is spread widening and there is spread widening Oanda style, makes FXCM's look tame in comparisson!
17 Mar 2009Samlut
It is a shame that such a big broker suffers from serious slippage and non executed trades. Even if I use a wide slippage setting, it never seems to fall within that area. Oanda told me that they will only guarantee me a fill within that slippage area during normal markets. I took the time to view the competitor spreads they have on their website, are you guys aware that they are all wrong, or falsified in their favour! Also no trailing stops available after promising they would add it. Who offers guaranteed fills in all market conditions, trailing stops and fast execution, I need to leave Oanda for them.
17 Mar 2009Miklos
Samlut, all I say to you is look at so many of good posts about ACM here, I am thinking they have what you ask for when you talk about fills and trailing stop. Many people in Czech Republic are with ACM, we like the different platform and the helpful employees at the company. Because it is Swiss also means quality we experience.
9 Mar 2009wayne
oanda's platform is not reliable, they slip your trade a great deal and widen spreads, seems just at the wrong time. I have withdrawn from oanda as many others seem to be doing.
21 Nov 2008Wolfgang
I meet the founder Richard Olson 2007 on an trading event. Very ambitious to make a democracy trading possible. I trust him, he how start as scientist of markets moments and not as an banker. Of course, he is looking to make a small revolution in the financial markets: Directly trading, no back office and easy. So we need no more banks between us to trade. Okay, I like also more time frames, more tools for the chart - but for this I use another software. The changing spread - this is the normal under some and these special market conditions form Forex. As an trader I have to know this market conditions. All other brokers the promise fix spread, how will they do this really? So it is sometimes hard to see spreading spread but the true of markets. For some other tradingstils or tools I use some other broker too. I found no broker, who is with all the best, so my decision was - also for the security reasons - is to use tow brokers: Onanda and some with Meta Trader. I liked the possibility s to choice any size of position, trading with the chart, box options and tools form Oanda Labs as trading with mobile phone. So I vote for Oanda.
2 Aug 2008lilianchan
Oanda is the best !
4 Jul 2008Nico
Mac users will love Oanda! I am from South Korea and I think Oanda is excellent!
In 1996, as the internet began to reshape the world, two visionaries – an IT specialist and a finance professional – conceived OANDA. They discerned the revolutionary impact the digital realm would have on global finance, heralding a novel epoch of e-commerce. Today, OANDA stands as a testament to that foresight, having carved a niche in the forex market with its cutting-edge digital currency offerings. OANDA offers a diverse spectrum of services tailored to the ever-evolving global...
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