Oanda
site: http://www.oanda.com/
History
OANDA was spun out of an econometric research and development firm called Olsen and Associates by founders Richard Olsen and Michael Stumm in 1995.
6 years later…
Early 2001, OANDA launched its leading-edge FXTrade platform, allowing clients to participate directly in the forex market the largest, most dynamic market in the world. From day one, FXTrade set a new standard for service and efficiency. By opening the forex market to a new world of traders through innovative, more efficient features. By offering tangible advantages to all traders, speculators, professionals, hedge funds or corporations. By redefining the market and changing the way forex trading is done.
Today
Well earned reputation for reliability and integrity.
Flexible platform, allowing a trader to have sub accounts in numerous currencies.
Quick and easy login, 33 pairs - exotics such as usd/zar, usd/nok as well as spot gold (xau/usd) and silver (xag/usd). Spreads are perhaps the lowest around (in allot of cases matching the institutional platforms) and continuously falling (eur/usd 1.5 pips, usd/yen and aud/usd 2, gbp/usd 2.7, xau/usd 60 cents).
Fast and reliable execution.
Flexible order size/leverage that can be easily and quickly modified.
There is complete freedom in selecting trade size as a trade can be anywhere from one unit (eg. 1 dollar) up to 10 million units and 5000 units(ounces) for xau/usd per order.
Demo - FX GAME never expires and is identical to FX TRADE. Allows traders to try different strategies before going live.
From www.oanda.com site
OANDA has three lines of business based on its currency database. They include:
Currency Conversion and Localization
- For individuals
- For Businesses
Decision Support Tools for Institutional Investors
Currency Markets Transactions Services
Partners
American Express, Air Canada, British Airways, Sheraton, AOL, Travelocity, Netscape, Time, Infoseek (Disney), Cyberian Outpost, iVillage, Ernst & Young, Nokia, FedEx, Microsoft, DoubleClick, Conde Nast, Virgin Atlantic, United Airlines, Excite and 24/7 Media
Did you know that:
It happens that
Comment by postmaster — April 1, 2007 @ 2:56 pm
I’ve been trading with them for about 4 years and don’t have any complaints. I can’t say this for other retail brokers that I have accounts with though.
Fills are always quick. Platform is always stable for me (the game one is not).
They pay interest by the second on your balance an positions. This add another realm to trading for me as you can trade safe and increase interest exposure quiet easily.
Also box options are a great way to protect long term positions and a good intro into the world of options.
Charts are basic and limited in history but there are free alternatives for long term views.
I think spreading yourself over brokers is good idea and I’d definitely recommend Oanda for that.
My one complaint would be the cost of withdrawing funds. I think it’s a bit steep compared to others.
Comment by oneboy — April 14, 2007 @ 5:30 pm
Hi. Nice blog. I enjoyed reading it and will visit again soon.
http://successfull-forex-investing.blogspot.com/
Comment by Babrevian — May 16, 2007 @ 7:29 am
the cons:
charting sotware is really not great and need lot of improvement.
big widening of spreads at important news announcement which can be annoying.
no traling stop functionality.
the rest is at best levels
Comment by CEO — May 23, 2008 @ 3:28 am
Oanda pips are waaaaayyyyy to high. To make things worse, the last time I check it had a viagra banner on the front page - come on!!!! What does viagra have to do with forex trading?!! LOL!!
Anyway, just want to invite everyone to come and read forex brokers reviews here
_www.forexexplore.com
There are user reviews too, checked menually for spam and double posts.
Good luck trading!
Comment by Danielle — August 13, 2008 @ 5:44 am