Read our description of OandA below, or take our video tour to determine if this top Forex broker is right for you. OANDA was the first broker in to offer a broad range of currency exchange-rate information free of charge over the Web. Today, it possesses one of the world's largest and most accurate databases of currency rates, handling more than a million queries a day.
The FxTrade trading platform was launched in OANDA offers a standard account and there is no minimum deposit required to open it. A demo account is available for traders just wetting their feet in Forex trading. Maximum leverage is OANDA offers over 70 currency and precious metal pairs. MotiveWave is a professional charting, technical analysis and trading platform which enables traders to quickly and easily perform detailed traditional analysis using cycles, trend lines, channels, forks, studies and more.
FinGraphs is based on a pre-set technical analysis that features straightforward tools to identify possible trends, calculate possible price targets, and highlight levels of risk.
OANDA Market Reports is powered by Autochartist and a quick overview of the state of the markets is delivered to the trader's inbox before they start their analysis for the day. Market Reports offer a technical outlook of the Forex markets for the next to hours.
Also powered by Autochartist as a MetaTrader 4 Plugin, is continuous technical analysis featuring ongoing intraday market scanning, automatic chart pattern recognition, pattern quality indicators, and automated alerts for specified patterns. Technical traders can also avail themselves of candlestick patterns to try to predict future price movements.
A clear description of each of the above tools is provided on the website accompanied by relevant graphs when applicable. OANDA is proud of its updated currency converter which can be easily accessed by a tab at the top of the home page. These rates are trusted and used by major corporations, tax authorities, auditing firms, and individuals around the world.
In addition to video training on a number of topics, there is a choice of interesting articles for both beginners and advanced traders. Interviews with top traders in a variety of markets contribute an interesting mix of different methods and strategies within the Forex industry.
Updated news reports from several different media sources are available on OANDA—MarketPulse, 4Cast, and the Dow Jones FX Select which provides Forex trading professionals with real-time breaking news, expert trend analysis, and in-depth policy commentary developed by a global team of Dow Jones business news reporters and editors.
OANDA also offers a series of live informative webinars on a number of subjects that are suitable for both new and experienced Forex Traders.
There are also intermediate topics as well as more advanced subjects. An Advanced Look at Trend Formation. Traders can reach customer support via email, Chat during local trading hours and by posting a question online.
OANDA is a leading financial service provider. The website is easily navigated and opening an account is straight forward and can be done quickly. The broker offers a full line of products and services and is internationally regulated.
I was pleased to see a site plan that included all the topics I was looking forward. Not all brokers supply this. Report Broker Scams Forex Widgets. Top Online Forex Brokers. Disadvantages Only One type of Account. Sara Patterson Review Date: Enter your email address here: Accepts US clients Yes.More...