About OANDA
OANDA is a trading platform from OANDA that provides a comprehensive environment for forex trading. It combines an automated forex trading platform, mobile and tablet applications, and the Elite Trader program to help users access more trading opportunities. OANDA’s Elite Trader program offers lower trading costs, while the OANDA Hub allows users to create and manage their trading accounts effectively. Additionally, clients can track orders and live positions through the OANDA Order Book and trade directly on popular platforms like MetaTrader 4 and TradingView. Key capabilities: automated trading platform mobile apps trading cost reduction account management tools order tracking Best for: forex traders that need an efficient trading solution.
OANDA Details
OANDA's In-App Market Place
Does OANDA have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
N/A
Pricing Options
Accepted Payment Currencies
USD ($), EUR (€), GBP (£), AUD (A$), CAD (C$), CHF (CHF), JPY (¥), CNY (¥), SGD (S$), HKD (HK$), INR (₹), MXN (Mex$), BRL (R$), SEK (kr), DKK (kr), NOK (kr), TRY (₺), ZAR (R), RUB (₽), PLN (zł), CZK (Kč), HUF (Ft), NZD (NZ$), SGD (S$)
Pros & Cons
- Competitive Spreads and Margins: They advertise margin rates starting at 2% on EUR/USD and 3% on AUD/USD.
- TradingView Integration: Access to TradingView's powerful charting tools is a significant advantage for many traders.
- Elite Trader Program: Offers potential benefits like rebates, discounts, VIP content, and a dedicated manager for qualifying traders.
- Partnership with New York Red Bulls: This could indicate a commitment to brand visibility and the US market.
- Educational Resources: They offer a "Learn" section and a blog, which can be helpful for traders of different experience levels.
- Crypto Trading via Paxos: Cryptocurrency trading is not directly with OANDA but through Paxos, meaning your digital assets are held with Paxos and not SIPC insured. OANDA explicitly states they are not party to these transactions and do not custody the assets.
- High Risk of Margin Trading: Like all leveraged trading, forex and CFD trading on margin carries a high risk of losing more than your initial investment.
- Limited Product Range Beyond Forex and Crypto: The focus seems to be primarily on forex and cryptocurrencies, so traders looking for a wider range of assets (like stocks or commodities directly) might need to look elsewhere.
- Welcome Bonus Terms: The welcome bonus has specific terms and conditions regarding trading volume and time limits.
- Elite Trader Program Criteria: The benefits of the Elite Trader program are only available to those who meet specific, undisclosed criteria.