OANDA, a renowned name in the forex trading industry, has been providing online trading services for the past 27 years. Noted for its award-winning platform (FX-Week e-FX Awards 2018)2, this broker has something to offer both casual and serious traders. Let’s delve deeper into what makes this platform tick.
User Interface
Firstly, OANDA’s user interface is praised for its intuitiveness and speed. The browser-based platform offers advanced charting and technical analysis features4, which are essential for informed decision-making in the volatile world of forex trading.
Oanda Fees and Commissions
As for pricing and fees, OANDA is transparent and competitive. While the platform doesn’t disclose specific fee structures on its website, it’s generally noted for its reasonable spread. This can be advantageous for both high-volume traders and those just starting out.
Mobile App
OANDA’s mobile app deserves special mention. It’s user-friendly and allows for trading on the go. This feature could be particularly appealing to traders who prefer to keep an eye on their investments at all times.
Customer Support
The customer support offered by OANDA is also noteworthy. While specific details about its customer service aren’t readily available, the platform’s longevity and reputation suggest a high level of customer satisfaction.
However, despite its strengths, the broker has its limitations. According to one review, while OANDA’s proprietary trading platform is good, it’s not great, trailing behind leaders like IG and Saxo Bank. This suggests there might be room for improvement in terms of functionality and features.
