I see Oanda improving on their system. Hope they can work on slippage and spread too.
I just join Oanda, so far no problem with withdrawal problems.
I've been using OANDA for some time now. The only complain is their commission is a bit pricey. Overall they have a good trading environment.
Bad reviews for OANDA. So many cases trader unable to withdraw. I almost experience that, but fortunately I can avoid it.
I admit that OANDA is one of the reputable broker in the world. But I'm pretty bumped with their performance this past few months. I haven't traded with any broker in a long time. I used to join OANDA (about 5 years ago). But when I rejoined 3 months ago, I felt for myself that their performance had dropped. Starting from a less dynamic platform, less precise execution, and others.
One of the advantages of trading at OANDA is that the regulations have been recognized in various countries around the world. OANDA's regulations are already top marks. OANDA is regulated by the CFTC, IIROC, FCA, MAS Singapore, and ASIC. So when trading with OANDA, the chances of security are very high because of these regulations. This reduces the burden on the mind when trading and will have a positive psychological effect on traders. There is no need to be upset and imagine the problem of security of funds during trading with OANDA.
I don't know man... To say that they are scammers is a little bit exagerated. But I can't say that they are an honest broker too. On some point, they let you placed you order but sometimes their prices are completely different with other broker.
Overhyped. It's true that OANDA is one of the oldest broker, but it seems like they are less developed with the times. No new breakthroughs have been made. I, as an old OANDA trader, can be said to be quite bored with this lack of innovation.
I think Oanda is the best broker for new traders with little experience with the markets. They are great to practice and improve your risk management using real money. The reason is that they allow traders to place orders as small as $1 (contract size) in any currency pair. I also love the fact that the Oanda trading platform is integrated with TradingView since I really like the appearances. Unlike MetaTrader, it feels so bright and easy to navigate. That being said, they also have several difficulties as well. For example, their account management site is quite outdated and has a very poor user interface. you need to go through several steps to get a report on daily Profit/Loss. It's really a hassle. I still think they are deserve to be given 4 stars tho.
Good broker, but not to extend I would trade longer with. I have repeated occasion when my order closed automatically. The slippage is frustating too. 3 months tyrading woth OANDA is enough for me.
Other OANDA
Review
