OANDA Corporation is a forex and CFD broker that offers online trading services to retail and institutional clients. The company was founded in 1996 and is headquartered in New York, with additional offices in London, Singapore, Tokyo, and Sydney. Here are some reviews and product details for OANDA Corporation:
Products:
- Forex trading: OANDA offers forex trading in over 70 currency pairs, including majors, minors, and exotic pairs.
- CFD trading: OANDA offers CFD trading in indices, commodities, metals, bonds, and cryptocurrencies.
- Trading platforms: OANDA provides several trading platforms, including its proprietary web-based platform, MetaTrader 4, and mobile apps for iOS and Android devices.
Reviews:
- Trustpilot: OANDA has a 4.3 out of 5 rating on Trustpilot based on over 2,500 reviews. Many customers praise the platform’s ease of use, fast execution, and helpful customer support, while some criticize the high spreads and lack of trading tools.
- ForexPeaceArmy: OANDA has a 2.6 out of 5 rating on ForexPeaceArmy based on over 600 reviews. Some customers complain about slippage, requotes, and poor customer service, while others commend the platform’s reliability and transparency.
- Investopedia: OANDA has been awarded the “Best Overall Forex Broker” and “Best Forex Broker for Beginners” by Investopedia in 2021.
Overall, OANDA is a well-established forex and CFD broker with a broad range of trading instruments and platforms. While some customers have had negative experiences with the platform. Many others have had positive experiences with OANDA’s easy-to-use platform, fast execution, and helpful customer support.
Conclusion
In conclusion, OANDA Corporation is a well-established forex and CFD broker that offers a range of trading instruments and platforms. The company has generally positive reviews on Trustpilot and has been recognized. As the “Best Overall Forex Broker” and “Best Forex Broker for Beginners” by Investopedia in 2021. However, it is essential to conduct your own research and analysis, consider your investment goals, risk tolerance. And financial situation before making any investment decisions. It is also recommended to consult with a professional financial advisor or conduct your due diligence before investing in any financial product.