OANDA UK is a celebrated name in the trading industry, renowned for its low spreads, comprehensive services, and reliable customer experience. Since its founding in 1996, the award-winning OANDA Group has set standards for FX pairs and CFDs trading. With regulation from the Financial Conduct Authority (FCA), OANDA extends trustworthiness to its clients. This in-depth review will guide you through the various facets of OANDA's offerings.
OANDA caters to a diverse range of investment needs and accepts traders from various countries, including the UK, Switzerland, Norway, Guernsey, Jersey, Isle of Man, and Gibraltar.
Instruments: Trade in forex, indices, metals, commodities, bonds, and CFDs.
Spreads: Competitive spreads, starting at 1 point for UK 100, Germany 30, and as low as 0.8 pips for major currency pairs.
Insights: Depth of market information adds value for well-informed decisions.
OANDA is committed to providing excellent customer service, accessible 24 hours a day during market hours.
Contact Options: Email, inbound telephone, live chat in English, Spanish, French, Italian.
The suite of powerful trading tools ensures an enhanced trading experience:
Advanced Charts: Powered by TradingView for in-depth analysis.
Autochartist: For automated market analysis and trading signals.
Economic Overlay: Keeps you updated on important economic events.
Platform and Mobile Trading
OANDA’s platform prioritizes speed and reliability, complemented by user-friendly mobile apps.
Technical Tools: Over 50 indicators, drawing tools, various chart types.
On-the-Go Trading: iOS and Android apps add convenience.
OANDA's accessible accounts provide flexibility:
Standard Account: No minimum deposit/withdrawal; supports EA/Robotrading and hedging.
Demo Account: Practice trading without risking real money.
Tax-Free Options: Spread betting exempt from UK taxes.
OANDA's transparent pricing model ensures fairness:
Forex and Metals: Midpoint pricing.
Indices: Calculated using relevant futures and spot prices.
Commodities, Copper, Bonds: Based on underlying futures contracts.
Financing Consideration: For overnight positions.
Fees and Commissions
Understand the fee structure to manage trades effectively:
Spreads: As low as 0.8 pips for major currency pairs.
Other Fees: Inactivity fees, financing fees.
OANDA’s achievements include:
Best Forex and CFD Broker: TradingView Broker Awards, 2021.
Most Popular Broker: TradingView Broker Awards, 2021.
Best Trading Tools: Online Personal Wealth Awards, 2021.
OANDA Review Conclusion
OANDA UK Broker stands out for its wide-ranging trading options, transparent pricing, top-notch customer service, and user-friendly platforms. The broker's various awards further cement its reputation. From novices to experts, OANDA has something to offer for every trader seeking a comprehensive and reliable trading experience.
Disclaimer: Important Information for Traders
“CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.”