The fastest-growing, and most reliable forex broking platform OANDA is a United States registered platform. The word OANDA is the combination of two words, Olsen and Associates. This trusted USA-based trading platform is a very nice option with a large number of financial services. For more than 25 years, it has been blessing traders with a wide range of successful trading experiences. You can check OANDA review on the traders
Major characteristics which make OANDA a reliable broker
1- Huge Clients worldwide
Having completed 25 years of nice experience in forex industry, OANDA has crossed the magic number of users which is one million worldwide. And this is a spectacular achievement.
2-Simple to use, flexible for traders
Like a responsible firm, putting every step to minimize the efforts and time of the userbase, OANDA has developed a simple and user-friendly platform. Apart from this, users have a large number of videos, online courses, and training materials for users.
3-Minimum 1 $ deposit
union website, then make the decision to start trading.
Here we discuss some key features and benefits of OANDA according to Traders Union website.
The broker has no restrictions on the choice of strategies available to a trader. It allows with a minimum deposit of 1 $ only.
Also Read: Why Should You Try Forex Brokers with Bonus?
Advantages of OANDA
-Safe broker with low risk in CFDs and forex trading due to regulated six tier-1 jurisdictions
-The market pulse hub publishes articles based on high-quality research and daily updates of market analysis.
-Own podcast series informative and helpful for potential and existing traders to understand market insights.
-Mobile trade app makes it easy for traders
-Excellent news, analysis, and research tools
-With a deposit of $500 it makes available social copy-trading through ZuluTrade.
Limitations of OANDA
-Comparatively fewer video market updates than its counterparts
-Spreads are below average, trailing by a wide margin from CMS market discount leaders
-Web trading and desktop platforms are good but trailed by industry leaders like SAXO Bank and IG.
According to Traders Union website review, 2022, OANDA figures out overall 9.4 rating out of 10, which is a great achievement in itself.
Expert Review of OANDA
This broker enjoys a satisfying experience in Forex Market, having earned a tremendous reputation among its traders by offering decent trading conditions. The company offers only two types of accounts, however, offers the option of a demo account for those who are new to trading. It offers a wide range of trading instruments and major three trading platforms MetaTrader 4, WebTerminal MT4, and MT5.
If you are planning to make large investments of more than 10,000 dollars, you need to discuss with the professional team before moving forward to avoid any discrepancies.