Important Facts
- Regulation: Oanda Europe Ltd. is a registered company in the United Kingdom and is fully regulated by the FSA.
- Instruments: Forex, Commodities and Indices.
- Features: Good range of platforms with plenty of mobile trading support, as well as very tight spreads on the Forex pairings on offer.
- Leverage: Maximum Leverage of 50:1
- Minimum Deposit: No minimum account size
The Platform
At the core of OANDA’s offering is their own propitiatory trading platform fxTrade, which I have remark is a very nice and easy to use platform. It has to be one of my preferred non MetaTrader offering being very versatile and should meet most traders needs. However, if your a fan of MetaTrader OANDA also offer MetaTrader 4 for their customers, which works just as one would expect. This a nice feature for those who are fans of the MetaTrader platform allowing you to operate Expert Advisors and do all the other things that the platform is well renowned for. OANDA Europe also has an impressive range of different mobile trading applications including support for Blackberry’s, Android devices and of course Ipad’s and Iphones. All of the mobile platforms work perfectly and are quite impressive allowing the trader to do much of what they would normally do on the PC or Laptop. All in all, OANDA has a decent range of platforms all of which should satisfy most traders.
Special Features
While their is nothing particularly remarkable or unique about OANDA, their CFD offering is of exquisite quality offering very tight spreads, decent trading platforms as well as providing a high quality of service. OANDA also offers demo accounts to those who want to try out the platform before they deposit real money. There are a couple downsides to OANDA with traders be unable to trade stocks and the maximum leverage available at OANDA only being 50:1.
Spreads
The Spreads at OANDA are particularly impressive being some of the tightest around with the majority of major currency pairings having spreads as small as a signal pip. The spreads for the more exotic currency pairings do of course widen, however the spreads for these currencies are still very competitive and you would probably do a lot worse than the spreads on offer at OANDA. I would say that the spreads on offer at OANDA are very competitive and are significantly tighter than at a number of well known industry players. The spreads on commodities also appear to be particularly tight as well providing the trader with value for money across the board. While overall the spreads at OANDA are very tight one should still search around for the best value, especially if you intend to trade a particular instrument.
Customer Service
OANDA Europe has a very good reputation when it comes to customer service, with a number of OANDA customers having praised them for the high quality of service. In my personal experience contacting OANDA has been unproblematic. Depositing and withdrawal have gone smoothly with their even being the option to withdraw funds to a verified Paypal account. This high quality of customer service has gone unnoticed with ForexMagnates picking out OANDA as the best broker of 2012. I personally have no reservations recommending OANDA and would be surprised if you could find many people who were completely dissatisfied with the service offered by OANDA.
Regulation
OANDA Europe is based in London and is regulated by the FSA this allows OANDA Europe to accept clients from throughout the European Union. The FSA is considered to be one of the best European regulators and OANDA Europe has a clean regulatory record. OANDA also happens to be regulated in the USA and Japan, meaning that the brokerage is a serious international player. I wouldn’t have any worries about depositing cash with OANDA as I know it would be safe with OANDA being a properly regulated firm.
Overall, I would reccomned OANDA to anyone in Europe who wished to trade Forex and Commodities. It is unfortunate that OANDA doesn’t offer Stocks, but I see that as the only major drawback to the OANDA offering.
Special Features
While their is nothing particularly remarkable or unique about OANDA, their CFD offering is of exquisite quality offering very tight spreads, decent trading platforms as well as providing a high quality of service. OANDA also offers demo accounts to those who want to try out the platform before they deposit real money. There are a couple downsides to OANDA with traders be unable to trade stocks and the maximum leverage available at OANDA only being 50:1.
Spreads
The Spreads at OANDA are particularly impressive being some of the tightest around with the majority of major currency pairings having spreads as small as a signal pip. The spreads for the more exotic currency pairings do of course widen, however the spreads for these currencies are still very competitive and you would probably do a lot worse than the spreads on offer at OANDA. I would say that the spreads on offer at OANDA are very competitive and are significantly tighter than at a number of well known industry players. The spreads on commodities also appear to be particularly tight as well providing the trader with value for money across the board. While overall the spreads at OANDA are very tight one should still search around for the best value, especially if you intend to trade a particular instrument.
Customer Service
OANDA Europe has a very good reputation when it comes to customer service, with a number of OANDA customers having praised them for the high quality of service. In my personal experience contacting OANDA has been unproblematic. Depositing and withdrawal have gone smoothly with their even being the option to withdraw funds to a verified Paypal account. This high quality of customer service has gone unnoticed with ForexMagnates picking out OANDA as the best broker of 2012. I personally have no reservations recommending OANDA and would be surprised if you could find many people who were completely dissatisfied with the service offered by OANDA.
Regulation
OANDA Europe is based in London and is regulated by the FSA this allows OANDA Europe to accept clients from throughout the European Union. The FSA is considered to be one of the best European regulators and OANDA Europe has a clean regulatory record. OANDA also happens to be regulated in the USA and Japan, meaning that the brokerage is a serious international player. I wouldn’t have any worries about depositing cash with OANDA as I know it would be safe with OANDA being a properly regulated firm.
Overall, I would reccomned OANDA to anyone in Europe who wished to trade Forex and Commodities. It is unfortunate that OANDA doesn’t offer Stocks, but I see that as the only major drawback to the OANDA offering.
