Oanda

Oanda is an international Forex Broker with a global presence, while OANDA US is an entity based and regulated in the US offering threading services for US residents. OANDA Group was founded back in 1997 in the State of Delaware, US as a technology-driven financial services corporation, being the first company to share exchange rate information on the Internet, completely free of charge.The company has come a long way, today being one of the leading financial firms, providing a wide range of Trading services to United States residents.

Concluding the OANDA review, we admit a safe broker to trade with reliable trading solutions and quality offering for US Trading. OANDA has very attractive features such as no minimum deposit, pricing transparency, technical optimization, great trading conditions and a variety of tools. It is becoming quite clear why the broker gained high trust and popularity among the traders’ community, as we rank Oanda US with highest marks in almost every category too.

The fact that the company stands and operates on a strong background, years of operation and wided international presence besides successful cooperation with “global business giants” definitely adds another advantage to OANDA.

Oanda Feature

OANDA US Regulatory Overview

Based on our Expert research, OANDA is regulated company that is safe to trade with. The broker’s every step and action is strictly overseen and complies with the operational guidelines. OANDA is established according to the United States CFTC and NFA regulations, while Oanda Group is regulated in various jurisdictions around the world with authorized by FCA, ASIC, and more.

OANDA US is regulated by the National Futures Association in the US. It is a fact that all brokers based in the USA or those allowed to offer service to US residents are required to be licensed and authorized by the NFA. While the NFA is a derivatives industry self-regulatory organization that oversees on-exchange, Forex, and OTC activities.

How Safe is Trading with OANDA US?

The regulatory programs imposed by the NFA are considered among the strictest worldwide and ensure the integrity of markets, participant protection, and the following of operational standards. This makes trading with NFA-regulated brokers including Oanda US transparent, protecting the clients from fraud. However, the strict rules also restrict clients, limiting them in certain ways: the maximum leverage available is 1:50.

Consistency and Clarity

Having almost 25 years of experience in the forex market, OANDA US is known for its financial stability and transparency, being one of the most trusted Brokers in the industry with strong clarity and consistancy of quality trading services provided. Top-tier regulators, including the CFTC and NFA control the broker, ensuring high client protection and oversight. 

The reliability and excellence of OANDA are also proved by a large number of awards it has acquired during its history. OANDA has won different awards in different nominations, but one of the most convincing of those awards is the one voted by the customers directly, making it one of the best customer service brokers in the industry. OANDA’s strong regulatory system and emphasis on clarity make it a trustworthy option for traders looking for a consistent trading environment.

Account Types and Benefits

OANDA US provides multiple account forms catered to various trading requirements. We found that OANDA now offers mainly Standard Account Type, so clients of different preferences and trading styles have a single account future, while Professional Traders of those of Larger size may go for Elite Trader Account with extra benefits included for Acitve Traders. 

As we Review, OANDA trading accounts give number of good opportunities with zero commission, powerful analysis tools, competitive prices, 24/5 customer support, etc see more of the details in our snapshot below.

• The default option is the Standard Account, which offers access to all trading instruments with reasonable spreads and requires no minimum deposit. Beginning and casual traders can find fit in this approach.
• OANDA offers the Elite Trader Account to high-volume traders, calling for a minimum monthly trading volume of $10 million. Benefits of this account include priority service, a specialized relationship manager, and cash rewards on trading volume. 
• OANDA now enables IRA accounts for retirement savings and business accounts for corporate entities so clients can select the structure suitable for their financial situation. OANDA’s several account products satisfy various trading tastes and approaches.

Cost Structure and Fees

Based on our research, Oanda US doesn’t charge additional commission fees, and the costs are mainly based on spreads. Besides, the broker does not have a compulsory minimum deposit requirement or trade size, which makes the broker favorable to sign with, yet be sure to deposit necessary amount to cover margins for the instrument you select to trade.

The comparison table below shows the funding fees and other relevant fees which are all together should be considered as Fees every trader imposed to in addition to direct trading fees or spreads.

 Spreads: OANDA provides competitive spreads varying depending on the state of the market. The broker offers two pricing schemes: “core pricing,” which includes a fee, and “spread-only,” whereby customers pay just the spread. Under the spread-only approach, for instance, the minimal spread for EUR/USD start from 1.4 pips.

 Commissions: OANDA charges a cost for its core pricing model; usually aroun based on spreads only, so there are no commission charges. So the spread is the only cost you pay at Oanda. Also, Elite program offers trading cash rebates for high volume trades, which is an advantage too. 

 Swaps/ Rollover: OANDA charges overnight financing charges for open past-five PM Eastern Time positions. The type of position—long or short will determine whether these fees depict a credit or a debit. The position value and the relevant funding rate guide the computation of the financing fees, therefore reflecting market conditions and prices from liquidity providers. Swaps at OANDA are the interest rate differential across the currencies in a forex pair. These are used when overnight positions are kept and, depending on market prices, could cause a credit or a debit to the trader’s account.

OANDA US Additional Fees

OANDA US charges traders someextra fees outside of trading fees. To finance your account, there are no deposit fees; banks could charge service fees for debit card or wire transactions. Debit and credit cards allow withdrawals generally free; bank wire transfers incur a $20 fee.

If there are no open trades for 12 months, a $10 inactivity fee is charged monthly; this can increase if you do not regularly trade. OANDA also imposes overnight charges (debit/credit) for past-due holdings kept past 5 PM ET, depending on market conditions. With a markup of 0.5% on the midpoint price during conversion, currency conversion fees could also apply when trading instruments in another currency other than the base currency of your account.