Comments on: Oanda

By: Vincenzo C.

Vincenzo C. — Thu, 22 Jul 2010 17:24:51 +0000

I have been with FXCM and they are decent but Oanda has better spreads during non-news times. I like the trade management features in their interface. I use Metatrader for charting but I like how trade entry and exit graphics remain on the Oanda charts – better trade history research. Many complain about the spreads during news events – Oanda does not hide this – they let you know they will do that. They don’t want news scalpers, just like other REAL brokerages. I have not had a bad experience for the last 4 years.

By: Phil

Phil — Sun, 29 Mar 2009 00:46:42 +0000

I gave Oanda 2 stars before but now just 1 star, slippage and delayed executions were the major issues with them; on fast moving market you could lose up to 35 pips, some of my trades were clearly taken far ahead of the market even though price didn’t get there until 5 seconds later. The worst broker I’d ever trade with.

By: Jeff

Jeff — Sat, 17 Jan 2009 00:47:01 +0000

Great broker for carry traders. They pay interest on your unused balance and they provide some of the best swap rates for currency pairs. Definitely not a good news trading broker as their spreads change during low and extreme volumes.

By: Michael

Michael — Wed, 22 Oct 2008 00:47:21 +0000

I really regret the day I opened an account with them. I’m trying to day trade on Oanda, and I’m getting hit all the time. The spreads are too big for me.

By: Richard

Richard — Tue, 08 Jul 2008 00:47:48 +0000

No trailing stop and lousy fills during news.

By: Bruce

Bruce — Mon, 30 Jun 2008 00:48:13 +0000

Huge spreads just before major news. Bad broker for day trading.

By: Victor

Victor — Tue, 03 Jun 2008 00:59:42 +0000

I’ve been with Oanda for 6 months. Good overall service. I believe the problems during news are the same on every brokers.

By: Andy

Andy — Thu, 08 May 2008 01:00:06 +0000

Good execution and spreads. The platform could be better.

By: Forex-trader

Forex-trader — Fri, 18 Apr 2008 01:00:36 +0000

Oanda is one of the most reputable Forex brokers and this was why I decided to open an account with them. I had no problems for 4 months but, lately, the slippage has been more common than it used to be. In my opinion, they still are a decent and honest broker but they can make much better than this.

By: Norman

Norman — Tue, 11 Mar 2008 01:01:04 +0000

Oanda has a nice platform and fees. The bad thing about them is the slippage (especially on stop orders). It’s possible to make money with Oanda specially if you don’t insert the stop orders on the platform.