Oanda Review Broker, A Legendary Broker From America For Beginning Traders

Oanda is a market maker broker that provides quotes with 5 digit accuracy. Oanda broker was founded in 1996 under the auspices of the main company OANDA Corporation, headquartered in San Francisco, United States. OANDA branch offices are scattered everywhere, including in the UK, Singapore, Japan, Canada, and others. Dr. Michael Stumm, lecturer in Computer Engineering at the University of Toronto Canada founded Oanda Brokers at Delaware with his colleagues. Richard Olsen from The Olsen Ltd, which is one of the leading econometric research institutes. Since then, OANDA has won various awards from various parts of the world. This achievement was driven by OANDA’s passion for making innovations in the world of forex trading and the reliability of its services.

  • OANDA’s regulatory guarantees are very satisfying. It is noted that it has the following series of licenses:
  • Canadian Investment Industry Regulatory Organization Registers Oanda (Canada) Corporation ULC.• OANDA Europe Limited is regulated by the UK FCA (#542574)
  • OANDA Japan Inc. holds a type 1 license from JFSA Japan and is a member of FFA Japan (#1571)
  • OANDA Australia Pty Ltd is also regulated by ASIC Australia (ABN 26 152 088 349, AFSL No. 412981)

OANDA Broker Advantages

Strong Regulatory Guarantee

OANDA broker is also known for its very strong regulatory guarantees. As can be seen above, OANDA has held regulations from well-known authorities such as the CFTC and NFA of the United States, FCA of England, and ASIC of Australia.

Unique and Informative FXTrade Trading Platform

OANDA is known as one of the leading forex brokers, and its unique platform, fxTrade, and the tools it provides are widely used by the world’s leading traders and analysts.

Free Access To Autochartist For All Clients

Another plus of OANDA is provided by OANDA Technical Analysis, which exists in collaboration with the technical analysis provider company Autochartist. OANDA Technical Analysis will monitor price movements non-stop and automatically recognize the patterns created on the chart and send alerts to traders when the pattern they are waiting for appears. Access to this technology can be enjoyed free of charge by all OANDA clients.

Pocketing Regulations From 6 Countries

As proof of its competence, OANDA has 6 offices spread across Singapore, Sydney-Australia, Tokyo-Japan, England, New York, San Francisco, and Toronto. OANDA Group complies with applicable regulations following respective country regulations. For OANDA traders domiciled in the United States, the maximum leverage offered is 50:1, and hedging is not allowed.

Oanda Collaborates with Autochartist to Provide Free Technical Analysis Tools:

OANDA, one of the world’s global forex brokers, introduced two new technical analysis features, namely Correlating Signals, and Our Favorites. These two features are quite special because they were compiled in collaboration with Autochartist. This Autochartist provides software to help analyze more than 500 trading instruments with the online mode in financial markets. Thus, traders can identify which opportunities are the best and have the opportunity to reap profits.

Free Analysis For OANDA Clients

According to Ilan Azbel, President and CEO of Autochartist, the company’s flagship software scans more than 10,000 market data points per minute to identify price trends and chart patterns for forex traders. In addition, the Correlating Signals feature is a direct result of feedback from OANDA clients. Thousands of OANDA clients have installed Autochartist services on their trading days. Furthermore, Azbel added that this innovative collaboration between OANDA and AutochArtist is expected to help traders trade smarter and more profitable, of course.

This latest Technical Analysis is available free trading signals for all clients. As for fxTrade Practice account holders, this service can be used but for a limited time. Apart from OANDA, another broker that has been recorded to have collaborated with Autochartist is Instaforex.

Correlating Signals

Through the Correlating Signals feature, investors will receive notifications via email indicating trading opportunities when the support and resistance levels have coincided with the projected chart pattern. Meanwhile, Our Favorites is a service dedicated to OANDA clients who use fxTrade, OANDA’s award-winning exclusive trading platform. With this feature of Autochartist’s Our Favorites, fxTrade users will receive a signal service of potential trading opportunities with the highest probability of hitting the estimated price. Each trading opportunity provided is evaluated against the trend that has occurred and adjusted according to the type of pattern, instrument, and time of day when the trading opportunity is identified.