Oanda Reviews - Forex All Brokers - Forex Brokers

Oanda

(3.5 stars vs. 3.4 category average)

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

FX retail market maker.

Expert Trader

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.