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Oanda

Average Customer Rating: (based on 38 reviews)

(3.5 stars vs. 3.3 category average)

Your Rating: (write review)

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Recommendations by Profile:

Casual Trader
14 of 16
88%
Intermediate Trader
5 of 9
56%
Expert Trader
8 of 13
62%
All Traders 27 of 38 71%

Recommendations by Usage Length:

A month or less
3 of 6
50%
1 - 3 months
0 of 1
0%
3 - 6 months
12 of 15
80%
6+ months
12 of 16
75%
All Traders 27 of 38 71%

Characteristics:

Pros:
Low spreads, Easy-to-use platform, Good customer support, Solid trading platform, Good transaction reporting, Web-based platform, Mobile platform
Cons:
Hard to-use platform, Spread widens frequently, Poor customer support, Wide spreads, No custom indicators, Poor charting software, Unstable platform

Description:

FX retail market maker.

Single Review: (view all 38 reviews)

Pirin
Pirin

Expert Trader

Not a bad broker

1/26/2009

3 of 3 customers found this helpful (100%)

Pros:
None
Cons:
None
Bottom Line:
Yes, I would recommend this to a friend
Quote:
Oanda's platform is java based and you can't add your own indicators to it. So you'll probably find out that the indicators that come with the platform aren't enough for a good technical analysis and creating your own systems and experts. You'll need another platform where you can read your charts. Another bad thing about Oanda are the widening spreads when news are about to be announced. Good think is that it coveres the market data 24/7, so you'll get the so called "Sunday data" (New Zealand etc.) too. Haven't experienced any other problems with Oanda so far.
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