Business & Finance
Is OANDA Legit?
OANDA is a private-owned forex and C.F.D. broker that enables bond, Forex, stock indices, and commodities trading. It stands tall for its reputation and market research and is a trusted global brand. OANDA’s regulatory track record is strong, and support for third-party features strengthens its overall offering.
Market research is one of OANDA’s primary and most banked-upon features. It offers Forex and C.F.D. traders all they need, like multiple daily articles, research tools, and podcasts to successfully navigate the markets. However, these research articles and resources are open in a new browser and are not integrated within the platform. Here are the key offerings of OANDA as a market research platform:
Research overview- OANDA’s Market Pulse site is an excellent selection of articles organized categorically with multiple daily updates on FxTrade and Meta 4 platforms streaming directly from Dow Jones. It offers a wide range of research for forex traders. Autochartist integration offers automated technical analysis, trading signals, and market insight series.
Market News and analysis- The Market Pulse site has research and analysis content and trustworthy news that its in-house research team has powered. OANDA’s FxTrade mobile app streams news directly from Dow Jones and the company’s blog.
Premium content: OANDA offers third-party technical analysis software and Dow Jones Select. It is available from MultiCharts and MotiveWaves.
The Minimum deposit for OANDA
OANDA has no minimum balance or deposit requirement to activate an account. OANDA enables you to trade in the smallest size, that is, 1 unit of currency, while forex trading, unlike its peers where the minimum trade size is 1000 units. Hence, OANDA is an excellent option for anyone who wants to test a trading strategy and not be restricted by the minimum trade size.
Is OANDA safe?
OANDA is a low-risk trading platform with a Trust Score of 92/99. It is imperative to choose a trusted and well-capitalized broker to reduce your counterparty risk. OANDA is not operated by a bank or publicly traded and is authorized in six tier-1 jurisdictions, zero tier-2 jurisdictions, and one tier-3 jurisdiction. The following tier 1 jurisdictions certify OANDA:
- ASIC- Australian Securities & Investment Commission
- IIROC- Investment Industry Regulatory Organization of Canada
- JFSA- Japanese Financial Services Authority
- M.A.S.- Monetary Authority of Singapore
- F.C.A.- Financial Conduct Authority
- CFTC- Commodity Futures Trading Commission
Is OANDA Legit?
OANDA is amongst the top Forex brokerage firms in the U.S.A. in handling customers’ funds. It not only provides a spectacular desktop trading experience but also provides superior research amenities. However, OANDA accepts U.S. clients only for Forex and is registered with numerous tier 1 jurisdictions, including the U.S.A., U.K., Australia, Japan, Europe, and Canada. This makes OANDA legit and a trustworthy broker to keep your money safe.
OANDA’s strong regulatory track record with licenses in major financial centers provides an edge. At the same time, it also provides robust market research content and an excellent mobile app.
Recommended: Is OctaFX Legit?
You must be logged in to post a comment Login