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   Brokers ›› Ratings for Oanda 

Oanda
69%     31%
(68 Votes)
 
Quote & Execution Speed
Range of Services
Training & Tech Support
Commissions & Fees
Overall Reliability


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  "Used to be great, not anymore ..." - cvds16April 16, 2013   12:50 AM  
 
Quote & Execution Speed
Range of Services
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Overall Reliability


I moved on since last week. Since the new management invented 'dynamic spreads' this firm totally sucks since 6 months. I will be trading with Dukascopy now: more leverage, way better spreads, great platform. The competition does the job way better.

  
  "not a horrible place for newbs" - PorkBelliesFebruary 13, 2013   11:19 PM  
 
Quote & Execution Speed
Range of Services
Training & Tech Support
Commissions & Fees
Overall Reliability


average broker for average joe

does the job

  
  "Great trader/scalper friendly broker." - Jack_LarkinJanuary 09, 2013   10:55 PM  
 
Quote & Execution Speed
Range of Services
Training & Tech Support
Commissions & Fees
Overall Reliability


One of the few decent retail market makers.

Some people don't like their platform or think that all market makers are bad, but Oanda has been consistently proving ethical business practices since the start of online fx trading and to date has no major claims against them by the CFTC/NFA, which a lot of other major brokers can't claim.

  
  "Been with O since 2004, still happy." - devDecember 31, 2012   12:02 PM  
 
Quote & Execution Speed
Range of Services
Training & Tech Support
Commissions & Fees
Overall Reliability


Unit sizes - unbeatable, no-one has an excuse for poor MM if they trade here.

Range of pairs - excellent

Execution - excellent

Platform - comprehensive and easy to use

API connectivity (free api coming soon, and about time!)

Transferring funds in or out - excellent

Mobile platform - excellent, very useful when out and about.

Occasional a spread widenings (which can trigger oanda's own 'limit' orders, causing unwanted entries) is a pain, but you learn to work with it.

Client communication could be better, but I can look past that as pricing, flexibility, execution and reliability are my primary concerns.

Whilst not perfect, they tick most of my boxes, and have my trust.

Anyone shouting that O are a bucketshop, quite simply lack knowledge and understanding. Or are thick. They clearly don't understand what they're involved in and how it all works. They'd shout 'bucketshop' at anyone who they happened to hit a stoploss with. And for that reason, they shouldn't really be trading in the first place, let alone giving opinions on trading platforms..

  
  "Wouldn't trade with anyone else" - IeatGoldmanSnaxSeptember 21, 2012   1:08 AM  
 
Quote & Execution Speed
Range of Services
Training & Tech Support
Commissions & Fees
Overall Reliability


Im not sure whose pay-roll that guy is on but I can confirm first hand little of that is true. If that be the case I wouldn't have been an Oanda customer for 2+ years.

Spreads are almost always tight at 1-1.2 pips. Orders are filled instantly.

Reliable platform EXCEPT before news releases where they sometimes (not always) flash-widen the spreads to take on the added risk.

My stops have always been filled and I'm more than confident placing stops 5 to 10 pips away from any price. If you compare them to other charting packages they track moves very closely.

I have only had one problem with them over the years and somehow a withdrawl had not been sent out like it should have. I called them AND messaged them. It was taken care of within 3 business days.

I've been with FXCM, Interactive Brokers, and a handful of others. Oanda is by far a favorite. Due to my problems with IB I am more than happy to say Oanda stands out as one of the best.

  
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