A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.To get more news about oanda review, you can visit wikifx.com official website.

The range of available markets at OANDA will vary slightly, depending on which of its entities regulates your account. CFDs are not available in the U.S., whereas in Australia and the BVI OANDA offers as many as 124 symbols and 71 forex pairs – as well as the option to trade Bitcoin, Ethereum, and Litecoin as a CFD. The following table summarizes the different investment products available to OANDA clients.

Cryptocurrency: Cryptocurrency trading is available at OANDA through CFDs, but not available through trading the underlying asset (e.g. buying Bitcoin). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except for Professional clients).
OANDA’s trading costs are generally steep, with high effective spreads across both its default and core pricing, compared to the best brokers. While not a discount broker, OANDA’s main advantage is its automated execution across its account offering.

Spreads: OANDA’s bid/ask spreads (the fees clients pay to trade) are most comparable to FOREX.com and FxPro, while the minimum spread cost (or lowest advertised rate) may be slightly higher than those firms that list a sub-pip spread (less than 1.0 pip). For example, the average non-core pricing at OANDA was 1.2 pips on the EUR/USD pair during Q1 2019.

Core pricing: OANDA’s core pricing features lower spreads, but includes a per-side commission of $5 per $100,000 worth of currency (or roughly $10 per round turn standard lot). This option requires a $10,000 minimum deposit, and when factoring in the commission, the all-in cost ends up being nearly identical to the commission-free pricing. For example, let’s say the spread on the EUR/USD is 1.4 pips under the default pricing structure, and the spread for core pricing is only 0.4 pips. Once you factor in the commission-equivalent of 1 pip (0.5 pips per side), the total cost for core pricing ends up coming to 1.4 pips – same as the default price.

Micro lots: In most cases, the smallest contract size for trading forex is one micro lot. However, OANDA brings this minimum trade size down by three orders of magnitude – to 1 unit or 0.001 micro lot.

Transparency: As part of its push for greater pricing transparency, OANDA continually publishes a trailing average of its spread across nearly all time frames. However, because it does not publish a number that reflects the average spread over a fixed period – such as one day or one month – it is difficult to make precise comparisons.
OANDA's flagship fxTrade mobile app is easy to use and provides quality market research and excellent charting features, ranking among the best brokers in this category in 2023.

Apps overview: OANDA offers the popular MetaTrader 4 (MT4) mobile app developed by MetaQuotes Software Corporation, alongside its own proprietary fxTrade mobile app.

Ease of use: Opening a chart on the fxTrade app is as easy as clicking the graph icon at the bottom of the watchlist. Whether setting up a trade or adding a price alert, I found the overall layout to be straightforward and easy to use. Beyond its intuitive design, charting with the fxTrade app is balanced with features such as research from Autochartist and news headlines.

A neat feature that stood out to me was the seamless transition to the trade ticket window from within the charts. Users can quickly enter their orders from the chart, then adjust their stop-loss and limit order levels with a simple drag and drop function.

Charting: The fxTrade app’s versatile charting features 33 technical indicators, 13 drawing tools, and the ability to select from over a dozen time frames. Zooming in and out of charts on fxTrade is a fluid experience thanks to the apps’ responsive design.