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Oanda Canada Review
OANDA Corporation was co-founded in New York in 1996 by Dr. Michael Stumm and Dr. Richard Olsen, a computer scientist and economist, respectively. These gentlemen had the foresight to realize the Internet and its worldwide web combined with ongoing computer technology would eventually provide access to a plethora of data and financial trading markets to everyone around the world. Following their beliefs, they formed a team of qualified individuals that built the brokerage into a leading international financial corporation that serves clients in over 190 countries, with satellite offices located in cities considered major financial centers around the world.
This pioneering firm was the first to offer foreign currency exchange data over the Internet in 1996, which led to the development of the first online Internet currency trading platform in 2001. The helpful OANDA Currency Con
The OANDA forex broker serves clients in United States, Canada, Europe, Japan, Singapore, Germany, UK, Australia and Asia. In addition to over 60 major, minor and exotic currency pairs offered by the OANDA fxTrade platform, the firm also offers 30 Contracts For Difference (CFDs) in stock indices, bonds, commodities, metals and gold.
Leveraged trading of forex assets and CFDs carries a high level of risk and financial spread betting is only available to OANDA Europe Ltd clients based in the UK. Trading of CFDs and trades conducted using hedging features on the MT4 trading platform with leverage ratios that exceed 50:1 are not available for traders based in the United States.
CFDs are considered derivative products because the underlying financial asset being traded is never actually owned by the investor and CFDs are not considered “tradeable” financial assets in some countries. Traders based in those countries may not even be able to access those types of assets on the OANDA fxTrade platform, but will still have access to the full range of other tools and features offered by the OANDA broker.
The brokermaintains satellite offices in Chicago USA, Toronto Canada, Tokyo Japan, Bayfront Singapore and London England in the UK.
As a global financial services provider, trades conducted using the OANDA.com broker are strictly overseen and highly regulated by a variety of governmental regulatory agencies around the world, including the National Futures Association (NFA), Dubai Financial Services Authority (DFSA), Monetary Authority of Singapore (MAS), Investment Industry Regulatory Organization of Canada (IIROC), Commodity Futures Trading Commission (CFTC) and the Financial Services Authority (FSA) regulates financial activities conducted by the OANDA UK broker.
OANDA Canada Currency Converter
For over a decade OANDA’s Currency Converter has been used by people all over the world to determine exchange rates between foreign currencies. For the convenience of busy international travelers, the “Cheat Sheet” option features a printable table that includes live and historical rates. This handy tool has contributed to the overall global success of the brokerage and is also accessible using handheld mobile electronic devices.
OANDA Canada Trading Platforms
The OANDA forex broker offers traders only two options for trading platforms, which are its own proprietary OANDA fxTrade and the MetaTrader 4 (MT4) platforms, both of which include mobile applications.
OANDA Canada FXTrade Platform
The OANDA fxTrade web based platform runs using java and was the first to offer online retail forex trading to investors who can use its automated market making brokerage for transacting forex trades quickly and efficiently with 98% of trading transactions concluded in less than 0.057 seconds. Forex industry sources estimate that over a million trading transactions are conducted daily on the OANDA fxTrade platform. The firm’s success has enabled it to engage in acquisitions of other trading firms, which allowed the OANDA fxTrade
OANDA Canada MT4 Platform
In addition to its own highly regarded proprietary platform, traders using the OANDA forex broker can also use the MT4 trading platform, which is the most widely used in the world and offers traders a variety of valuable tools and features to facilitate researching, formulating, placing and tracking trades in a variety of international financial marketplaces. The MT4 platform is included by most brokers in addition to their own proprietary platforms (and others) for the convenience of clients who want to use different platforms separately or in conjunction with one another.
OANDA Canada App
The OANDA Apps and trading markets are accessible using a variety of the most popularly used electronic handheld devices that include iPhones, Blackberry and Androids. The OANDA Apps is free for both Android and IOS, You can download the OANDA App for Android from Google Play and download OANDA App for iPhone from Apple app store.
OANDA Canada Account Types
The OANDA broker offers two types of accounts for its clients which are a Standard active trading account or a Managed trading account.
Oanda Canada Standard Account
Traders who open Standard trading accounts will have access to all the valuable tools and features for trading the full range of assets offered by OANDA and requires a minimum deposit of $1 and there are no minimum trade requirements. Both notice and experienced traders will benefit from the free Demo Account included within the Standard Account that allows traders to practice researching, formulating, placing and tracking trades in a virtual world before risking real money to trade in active financial markets.
Oanda Canada Demo Account
When clients open an online trading account, they are able to use an unlimited free Oanda Forex demo account that comes loaded with $100,000 of virtual money for traders to use for practicing currency trading before actually risking real money in a real world trading market.
To open a demo trading account with Oanda you just need to visit the broker’s website and sign up free then you will receive free instructions by email.
Oanda Canada Managed Account
Traders who are unfamiliar with markets or assets traded may want to open a Managed trading account that takes the pressure off investors for day to day account and trading activity maintenance and places it on experienced account managers who trade a variety of financial assets daily on behalf of clients of the broker. These professionals usually have college degrees in finance, marketing or other related disciplines and offer a wealth of experience and knowledge of assets and the global markets in which they are traded.
OANDA Canada PAMM Account
In 2007 OANDA Corporation intr
OANDA Canada Spreads and Commissions
Like most online brokers, the OANDA broker does not charge commissions for trades, hidden fees or other charges. The broker makes money by charging traders a slight spread that is included on all trading activities based on real time market values transacted by the client through the broker. Spreads start as low as 1.1 pips (points in percentage) for forex trades (depending on currency traded) and as low as 0.5 pips for stock indices; maximum leverage offered is 1:48.
Traders should be aware that trading during volatile times created by adverse global events or financial news is much more risky and broker spreads tend to be wider.
OANDA Canada Deposits
Clients using OANDA trading accounts can deposit funds using a variety of methods that include credit cards, checks, bank wire transfers and PayPal. Trading account withdrawals can be conducted using the same methods and require proper identification of account holders in accordance with strict international financial guidelines designed to prevent financial crimes like identity theft and money laundering.
Oanda Canada Withdrawal Methods
OANDA withdrawal methods is various, Clients can using a variety of methods that include credit cards, checks, bank wire transfers and PayPal. Trading account withdrawals require proper identification of account holders in accordance with strict international financial guidelines designed to prevent financial crimes like identity theft and money laundering.
Oanda Canada Login
For login to Oanda broker you can visit the broker website, After sign up you can check your email and do Oanda login.
Oanda Canada Minimum Deposit
The Oanda Minimum Deposit is $1 so the broker is a no Minimum Deposit forex broker. You can start forex trading with $1 on fxtrade or MT4 platform.
Oanda Canada Address
OANDA Canada Corporation ULC, 370 King Street West, 2nd Floor, Box 60, Toronto, ON M5V 1J9, Canada
Oanda Canada Phone Number
+1 416 593 9436
1 877 OANDA FX
(1 877 626 3239)
Oanda Canada Broker Review Conclusion
This OANDA Review found a technology driven company that continues to lead the way in online forex trading by providing financial services and trading solutions to clients using cutting edge methods that focus on excellence and continuing customer satisfaction. Over the span of two decades, the OANDA forex broker has grown from a small tech startup company to a global leader in online forex and other financial asset trading.