What is OANDA US Broker?
OANDA is a well-established online forex broker that offers trading services in foreign exchange, commodities, indices, and cryptocurrencies. It is known for its robust trading platform and comprehensive market analysis tools.
When Did It Start Operating?
OANDA was founded in 1996, making it one of the pioneers in the online trading space.
Where Is Its Headquarters?
OANDA has its headquarters in San Francisco, California, USA.
In Which Countries Is It Restricted?
OANDA operates in many countries, but it is subject to regulatory restrictions. It may not provide services in jurisdictions such as North Korea, Iran, and certain states in the U.S. where it does not hold the necessary licenses.
Advantages:
- Regulatory Compliance: OANDA is regulated by the CFTC in the U.S., providing a level of trust and security.
- No Minimum Deposit: Allows traders to start with minimal investment.
- Robust Trading Platform: Offers a proprietary platform as well as support for MetaTrader 4 (MT4).
- Comprehensive Market Research: Provides extensive research and analysis tools.
Disadvantages:
- Limited Asset Range: Compared to some competitors, it may have fewer trading instruments.
- Higher Spreads: While there are no commissions, the spreads can be wider than some other brokers, particularly on less liquid pairs.
Which Instruments Can I Trade?
You can trade a variety of instruments, including:
- Major and minor forex pairs
- Commodities (like gold and oil)
- Indices
- Cryptocurrencies
What Is the Trading Fee?
OANDA operates primarily on a spread basis, with no commissions. Spreads can vary depending on the asset and market conditions, so it’s best to check specific pair details.
Does It Allow Scalping?
Yes, OANDA allows scalping strategies, which can be advantageous for traders looking to capitalize on small price movements.
Is There a Trading Platform?
OANDA offers its proprietary trading platform, as well as support for MetaTrader 4 (MT4). The platforms are user-friendly and provide advanced tools for analysis.
Is Margin Trading Available?
Yes, OANDA offers margin trading, allowing traders to leverage their positions. Leverage varies based on the instrument and regulatory requirements, often up to 50:1 for major currencies.
