OANDA Description
OANDA, a global financial service corporation, specializes in currency data and foreign exchange trading. The company was founded in 1996 and has since become a popular platform for both retail and institutional traders. It offers a variety of tools and resources to trade forex, commodities and indices. OANDA's transparent pricing, user friendly interface, and advanced technology make it suitable for both novice and experienced traders. OANDA also provides APIs and extensive historical currency rate data that are used by financial institutions and businesses worldwide for various purposes including payment processing, auditing and financial analysis. OANDA has a presence in many countries and is regulated by top financial authorities. This ensures security and compliance.
Integrations
Company Details
Media
Product Details
OANDA Features and Options
Currency Exchange Software
With over 31 years of experience in delivering precise and dependable foreign exchange data, FX Data Services is the foundation upon which OANDA was built. Our premier offering, the Online Currency Converter, caters to millions across the globe, while our Historical Currency Converter and Exchange Rates API assist multinational corporations in optimizing their operations with FX and digital asset information that is relied upon by the Big Four accounting firms and countless businesses worldwide. Notable Features of the OANDA Exchange Rate API: - Access to real-time exchange rates from more than 170 currencies, aggregated from various liquidity sources. - Extensive historical data perfect for strategic planning and trend evaluation. - Versatile integration options that ensure compatibility with any system. - Committed support to facilitate seamless adoption and ongoing success. Endorsed by the Big Four audit firms and a multitude of businesses around the world.
Cryptocurrency Exchanges
OANDA is a well-established provider of financial services on a global scale, offering a comprehensive trading platform for both cryptocurrencies and traditional assets like forex, indices, and commodities. With OANDA's cryptocurrency trading options, users can engage in speculation on the price fluctuations of leading digital currencies, including Bitcoin, Ethereum, and Litecoin, without needing to possess the actual coins. The platform features competitive spreads, real-time market data, and sophisticated charting capabilities to aid in technical analysis. Available round-the-clock, OANDA empowers traders to capitalize on the volatility of the crypto market whenever they choose. Known for its commitment to transparency, regulatory adherence, and excellent customer service, OANDA’s crypto trading platform is designed for both novice and experienced traders seeking a safe and user-friendly space to handle their cryptocurrency investments.
Financial Data APIs Software
With a legacy of providing precise and dependable foreign exchange data for more than 31 years, FX Data Services is the foundation of OANDA's inception. Our premier offering, the Online Currency Converter, caters to millions of users worldwide. Additionally, our Historical Currency Converter and Exchange Rates API empower multinational corporations to optimize their operations with FX and digital asset information that has earned the trust of the Big4 audit firms and countless businesses internationally. Highlights of the OANDA Exchange Rate API include: - Access to real-time exchange rates from over 170 currencies, gathered from various liquidity sources - Extensive historical data for informed strategic planning and analysis of market trends - Versatile integration options for seamless compatibility with any system - Committed support to facilitate smooth implementation and ensure ongoing success Recognized and relied upon by the Big4 audit firms and numerous businesses globally.
Online Brokers and Trading Platform
OANDA is a reputable brokerage firm recognized worldwide for its expertise in trading forex, commodities, indices, and cryptocurrencies. Known for its commitment to transparency and adherence to regulatory standards, OANDA offers both retail and institutional investors access to a broad spectrum of global financial markets. The broker is distinguished by its competitive spreads, rapid trade execution, and absence of re-quotes, allowing traders to navigate volatile markets with assurance. The trading platform includes advanced features such as customizable charts, various technical indicators, and the ability to implement automated trading strategies through APIs. With regulation from leading financial authorities, OANDA prioritizes the safety of client funds and maintains high operational standards, making it an attractive option for both beginner and experienced traders in search of a reliable, effective, and adaptive trading environment.
Forex Trading Platform
OANDA presents an all-encompassing forex trading platform that grants users access to 68 different currency pairs, spanning both major and minor options. It features two pricing structures: a spread-only model and the Elite Trader option, both designed to provide clarity and competitive pricing. The platform is equipped with sophisticated trading tools and is accessible across various platforms, including the highly regarded OANDA Trade platform, MetaTrader 4, and TradingView. OANDA prioritizes speed and reliability, ensuring that trades are executed at the intended prices, even during times of market volatility. Furthermore, the platform facilitates straightforward account deposits and withdrawals without any hidden charges, making it an excellent choice for traders of all experience levels. OANDA operates under full regulatory compliance, with offices situated in numerous regions worldwide.
CFD Brokers and Trading Platform
OANDA presents a robust CFD trading platform that enables users to engage in trading across a diverse selection of assets, including foreign exchange, commodities, indices, metals, and cryptocurrencies. Traders can benefit from competitive spreads on widely traded instruments such as EUR/USD, UK100, and Brent Crude Oil, making it a versatile option for individuals at different skill levels. The platform is designed for quick execution, features sophisticated charting capabilities, and simplifies account funding. Whether accessing the platform via desktop, mobile, or MetaTrader 5, OANDA provides an efficient and user-friendly experience for CFD traders. Additionally, the company offers enhanced services like tailored support and favorable spreads for those who trade in large volumes. (Note that availability of assets varies by region; CFDs are not offered in the US.)
ETF Brokers and Trading Platform
OANDA presents an all-encompassing trading platform for Exchange Traded Funds (ETFs) via Contracts for Difference (CFDs), granting traders the opportunity to engage with a diverse array of assets such as international equity indices, commodities, and markets in developing countries. The platform is characterized by its competitive spreads and the capability to execute both long and short trades, allowing users to capitalize on market fluctuations, whether they are rising or declining. Featuring sophisticated trading tools alongside rapid execution and dependable order management, OANDA guarantees a streamlined trading experience. Accessible on desktop, mobile devices, and MetaTrader 5, OANDA's ETF CFD offerings cater to both beginner and seasoned traders looking for global market access with minimal fees and ample liquidity. (Please note that asset availability may vary by region, and ETFs are not offered in the US.)
OANDA Lists
Demo Trading Accounts
OANDA provides a practice account that enables users to engage in forex trading using simulated funds, giving them the chance to understand the platform's functionalities and tools. This practice account replicates actual market scenarios, allowing traders to refine their techniques without the danger of losing real capital. It's an excellent resource for novices to build confidence in their trading skills, while seasoned traders can experiment with new approaches or delve into the platform’s features. The practice account is complimentary and can be accessed across multiple devices, offering a safe space for education and exploration.
OANDA User Reviews
Write a Review-
Likelihood to Recommend to Others1 2 3 4 5 6 7 8 9 10
OANDA review Date: Feb 20 2025
Summary: Overall, OANDA has exceeded my expectations. The combination of robust trading tools and reliable data APIs makes it a top choice for anyone serious about trading or needing accurate currency exchange data. It’s a dependable, well-rounded platform that has become integral to my trading strategy.
Positive: I’ve been using OANDA for both trading and their exchange rate data APIs, and I’m thoroughly impressed with the overall experience.
The platform’s trading interface is smooth, user-friendly, and highly responsive. Whether I'm executing quick trades or analyzing market trends, it’s reliable and easy to navigate. The trading tools are comprehensive, with powerful charting and analysis features that cater to both beginner and advanced traders. Their spreads are competitive, and I rarely face delays during volatile market periods.
As for their exchange rate data API, it's a fantastic resource. It provides real-time, accurate currency data, and the integration process was straightforward. The API’s flexibility allows me to access historical data, spot rates, and even set up custom alerts, which is incredibly useful for any sort of automated trading or financial analysis.Negative: On the downside, OANDA’s fees can sometimes be a bit on the higher side for certain account types, especially when you’re looking at smaller trade sizes. While the platform is intuitive, it does have a slight learning curve for beginners who are not familiar with advanced trading tools.
Read More...
- Previous
- You're on page 1
- Next