OANDA Review
- The company is functioning under FCA and ASIC
- The company fails to provide security to US Clients
- Cryptocurrency trading is not available in this broker
Overview
In this vast world of modernization, many platforms are introduced to facilitate foreign exchange trading business. The availability of such companies has made us curious to think, ”Are these companies even trustworthy or not?”
In this article, I will give you some information about one of these trading platforms named OANDA. Dr. Stumm and Dr. Olsen co-founded this company in 1996, claiming that “it does all things currency.” Offering an online broker laying the foundations at the global level, providing forex data services, and currency conversion are all included in their claim.
OANDA company offers two types of accounts, standard and premium, along with a product index providing numerous CFD and a wide range of asset classes. Although all of these facilities are not available in some areas of the world yet, the website may be used via VPN. Moreover, OANDA company provides many commodities, precious metals, indices, and promotions for better trading opportunities in the financial markets.
This widely used broker protects user accounts based on their region. Being a well-organized authority, OANDA imparts special attention to the educational system of its customers by furnishing them with the latest features and tools.This review explains it:
OANDA Scam or legit? Read before opening your account
The formation of numerous trading platforms has made it necessary to check and investigate every organization before investing. Otherwise, there are high chances for you to suffer significant loss by investing a considerable amount in the company, which is not even legal and is scamming people for their purposes.
We researched a lot on the OANDA company and found out that the company is undoubtedly licensed and even regulated by ASIC, FCA, and CFTC. But, having a license does not mean that the company is entirely believable and your investments are in the right hand.
Not at all; the reviews of previous users of the website matter a lot in this regard. That’sThat’s why we went through them and discovered that some people still believe that OANDA is a scam platform. There were also some positive reviews, which made it more challenging to make an accurate result statement about the platforms platforms reliability.
So, we recommend you ensure reliability before investing at your own risk. Also, make sure to use credible and trustworthy sources for the investigation.
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Advantages and disadvantages of OANDA
- The company is functioning under FCA and ASIC
- This platform comes up with an educational side also
- 24/7 customer support
- The company fails to provide security to US Clients
- Cryptocurrency trading is not available in this broker
- This platform requires a tremendous amount as an ancillary fee
- Limited traffic is observed towards this platform
- The website is not applicable in all parts of the world
- The broker is suitable for professionals only
OANDA Trading platform
OANDA offers its clients exposure to financial instruments and tools, and its principal feature is MetaTrader4 software. Its primary focus is to provide trade-in in four ways. MetaTrader4, a wide range of currency availability, AND third-party partnerships are the different types recommended to the clients for the trade of their choice.