OANDA is a forex brokerage established in 1996, headquartered in London, UK. Since its inception, it has built an excellent reputation globally through innovative technology, high-quality customer service, and a transparent pricing mechanism. Furthermore, its first-class trading platform has also garnered widespread acclaim.
Company Background
OANDA is a broker providing forex trading services, with its domain registered on August 4, 1996, and its corporate entity, OANDA Europe Ltd, was established on December 21, 2009, with headquarters located in London, UK. Its registered office is at Dashwood House 69 Old Broad Street London EC2M 1QSE C 2 M 1 Q S UNITED KINGDOM. The company is also a member of the NFA and is regulated and reviewed by the NFA.
Regulatory Information:
OANDA is regulated by both the United States National Futures Association (regulatory number: 0325821) and the UK's Financial Conduct Authority (regulatory number: 542574).
The National Futures Association (NFA) is an industry self-regulatory organization that works closely with the Commodity Futures Trading Commission (CFTC), a federal government agency that oversees the futures and options markets. The NFA plays a key role in enforcing the rules and regulations set by the CFTC. Overall, the NFA is considered a strong regulatory body, with its regulatory standards and measures holding significant importance in the global financial services industry.
The Financial Conduct Authority (FCA) is the UK's financial regulatory body, responsible for regulating the financial services industry, ensuring market integrity, fairness, and stability. The FCA's regulatory scope is considered rigorous and comprehensive, encompassing a wide range of financial services areas, including banking, credit, insurance, investment, and payment services. Through these strict regulatory measures, the FCA aims to maintain the integrity of the UK's financial markets, protect consumers, and promote healthy market competition.
Trading Products
- Forex Trading: OANDA allows investors to participate in the forex market, offering trading opportunities in various currency pairs. Investors can trade based on the price fluctuations between one currency and another. Available currency pairs include, but are not limited to, Euro/US Dollar, British Pound/US Dollar, and US Dollar/Japanese Yen.
- Cryptocurrency Trading: OANDA provides investors with the opportunity to enter the cryptocurrency market, offering various cryptocurrency trading pairs. Investors can trade based on the price fluctuations between one cryptocurrency and another or a fiat currency. Tradable cryptocurrency pairs include but are not limited to Bitcoin/US Dollar, Ethereum/US Dollar, and Ripple/US Dollar. Through OANDA's platform, investors can enjoy real-time price updates and in-depth market analysis to help them make more informed trading decisions.
Trading Software
OANDA offers investors the renowned MetaTrader 4 (MT4) platform, which occupies a significant position in the forex market with its powerful trading features and user-friendly interface. MT4 integrates multiple advanced analysis tools, including custom indicators, back-testing of trading strategies, and automated trading scripts—Expert Advisors (EAs). Users of the platform can also enjoy real-time market quotes and news, a wealth of charting tools, and multiple time frames, all providing great convenience for technical analysis and trading plan formulation. The flexibility and customization capability of MT4 make it an ideal choice for executing precise trading operations.
Account Registration
The OANDA official website provides a link for live account registration, with the specific method as follows:
First, open the OANDA official website and click on "Account Support". Customers can start trading on the platform through three simple steps: fill out the application form, verify identity, and deposit funds for trading.
Account Types
The Trading Pro offers the Elite Trader trading account. By joining the Elite Trader program, investors with high trading volumes can enjoy cash rebates of up to 5 to 17 dollars per million traded, achieving a cost reduction of up to 34%. Moreover, the platform provides a dedicated relationship manager for quick response to customer needs, exclusive discounts on third-party platforms like TradingView, participation in VIP content and events for a richer trading experience. And, when a customer's account margin balance exceeds $10,000, even uninvested funds can earn interest, even without trading.
Deposit and Withdrawal Methods
OANDA also offers multiple deposit and withdrawal options, such as Debit card, Bank wire transfer, Automated Clearing House (ACH), and more. At OANDA, funding and withdrawals are both convenient and direct. Traders can choose to deposit using a debit card (MasterCard, Visa, or Discover), wire transfer, or ACH transfer. Withdrawals must be conducted using the same method as the deposit. Simply log in to your OANDA account and go to the "Manage Funds" section to proceed with withdrawals. Please note, withdrawals must comply with the platform's tiered withdrawal rules; if multiple methods were used for deposit, debit card withdrawals must be made first, with the balance available for wire transfer.
Customer Support
This broker offers multilingual support, available through multiple channels, including phone support, email support, and online chat. Traders can contact the customer support team directly and immediately via phone number +442071011600. Investors can also send their queries or requests to handerson@oanda.com.
Summary
Registered and established in London, UK, OANDA is regulated by the United States National Futures Association (NFA) and the UK's Financial Conduct Authority (FCA). OANDA offers a variety of trading products including forex and cryptocurrencies, with funding and withdrawals being both convenient and direct. TraderKnows reminds investors that, before starting trading, it is important to fully understand how the market operates and make thoughtful decisions based on their financial situation and investment objectives. Also, it is crucial to evaluate one's tolerance for investment risk and ensure that these risks align with their investment strategy.
Currently, OANDA is marked as "Normal Operations" on TraderKnows.
