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1.2 pips
Minimum Spreads for Major Currencies
90 currency pairs, commodities, index CFDs, metals
Available markets
MetaTrader 4, fxTrade
Platforms
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Type of broker | Online |
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Available markets | 90 currency pairs, commodities, index CFDs, metals |
Minimum Spreads for Major Currencies | 1.2 pips |
Minimum Trade Size | 0.01 lot |
Platforms | MetaTrader 4, fxTrade |
Support | Phone, email, live chat |
One of the biggest forex traders in the world, OANDA has multiple forex trading platforms, including MT4, which you can use to trade 90 currency pairs 24 hours a day, five days a week.
Trading CFDs and forex on leverage is high-risk and you could lose more than your initial investment. It may not be suitable for every investor. Refer to the provider’s PDS and consider the risks before trading.
OANDA forex allows you to trade 90 major and exotic currency pairs.
OANDA does not offer account types or levels, and, there’s no minimum or maximum amount you can trade. However the trading levels on OANDA will depend on the platform you wish to trade with. OANDA provides two main trading platforms: fxTrade and MT4.
Platform | Levels |
---|---|
fxTrade | N/A - Trading is performed in units. For example one unit equals one AUD. No minimum or maximum applies. |
MT4 |
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OANDA's trading platforms, fxTrade and MT4, are available across desktop and mobile.
Feature | Description |
---|---|
Spread fee - AUD/USD | - |
Education and resources | Yes |
Does it offer fixed spreads? | - |
Leverage | 10:1 - 30:1 |
Is it MetaTrader supported? | Yes |
Minimum deposit required | No |
Compatible devices | iOS, Android, Windows |
Guaranteed stops | - |
Payment methods | Bank transfer, cheque and credit card |
Promotional bonus | No |
Payout % | - |
24-hour trading | Yes |
Demo account available? | Yes |
OANDA provides in-house live chat, email and telephone support five days a week and 24 hours a day. New traders can benefit from no minimum deposit to start trading, as well as education, training and comprehensive customer support.
Other benefits of OANDA forex include forex analytical tools such as position ratios, top 100 statistics and a 24-hour order book summary. OANDA also provides multiple trading platforms.
OANDA forex trading is available for individual and corporate customers.
OANDA provides a demo trading account you can use to practise trading with virtual funds before opening a live trading account. Enter your personal and contact information so you can download fxTrade Practice or MT4 demo trading accounts. A mobile trading application is also available.
The OANDA practice trading account doesn’t expire, so you can use the demo trading account for as long as you like. You can reset the 100,000 virtual currency limit and change your leverage level as many times as you like.
You create a live trading account straight away if you want to skip using the demo account.