In modern days, there’s a huge amount of traders that are dedicated to trade while traveling. And recently, trading has been gaining a lot of attention. So, whether you are a single parent traveling with his kid, a digital nomad, or just someone that’s looking for a good broker to start with, in this blog post I’m going to talk about OANDA a forex broker.
Forex trading is one of the most popular ways to invest in the global currency market. The Forex market has no borders and is open 24 hours a day, 5 days a week. Due to its popularity, you can find a HUGE variety of brokers and platforms. There are many different types of brokers in the market, but in this case, I’m going to review OANDA
In order to help you decide, in this OANDA review, I’m going to be answering common questions that can pop in the mind of a beginner trader
Is OANDA a Good Broker?
OANDA is a forex broker with a ton of perks in his favor, from no minimum deposit to leverage up to 1:200 and spread starting from 0 to currency pairs.
OANDA is an acronym for “Olsen and Associates”. They are registered in the US and provide a broad range of financial services to most countries in the world. The company was founded in 1996, and is regulated in 4 countries at this time.
The FCA is the main regulator of the broker, and as seen with Oanda Canada is also licensed by IIROC.
So, we can safely assume it’s a good broker with many perks and tools that can help you improve your trading.
Is OANDA safe?
OANDA is safe, a low-risk company with a trust score of 92 that have been around for more than 25 years and is regulated by top tier institution, many of the that we can take as high trust, some other regulators that are mid-trusted and one regulator that is considered as low trust.
Also, you should know that OANDA has won many significant awards like the “Best Forex Trading Technologies” by the UK Forex Awards.
This means that OANDA is a safe broker to operate with.
Is OANDA a good broker for beginners?
A broker is considered good for beginners if they offer an easy-to-use platform and non-complex features and tools that can be used without too much hassle, and OANDA with its fxTrade client and platform accommodates in a good way to beginner traders. The lack of advanced charting and analysis that are available on other platforms can be limiting, but it also allows the beginner trader an easier navigation.
Conclusion
If you’re looking for a beginner-friendly broker that’s trustworthy and has been around for a long time to take with you on your trips buy you have some doubts about which one to choose, I think I have covered all the common questions and perks about OANDA, a top-notch broker that it’s ranked high among the best forex brokers uk.
