Oanda Offering of Investments | Markets and Products

Pros

Cons

  • Forex and CFD trading
  • Metals and commodities trading
  • No ETFs trading

Introduction

Oanda is one of the oldest CFD and forex brokers since 1996. It’s originally founded in America, and regulated by top-tier regulators like FCA and CFTC.

Trading Products

Oanda does provide a variety of trading instruments like forex and CFDs, metals, commodities, and cryptocurrencies. Some of these options depend on the type of your trading account and the country of residence.

If you want more details, Oanda has over 35 currency pairs for trading and around 8 CFD indices which is lower than other competitors. Also Oanda has a few options for metals and commodities with 2 and 4 options for them respectively.

Unfortunately, there’s no ETF trading, bonds, or futures.

Disclaimer: CFDs have a high risk of losing money rapidly. 79% of retail investor accounts lose money due to leverage when trading CFDs with this provider. CFDs are not complying with the islamic religion. And if you want to trade in CFDs you should consider a swap-free account to follow islamic rules.

Learn more about CFDs for muslims.

Oanda Offering of Investments

 

Oanda

Currency Pairs

38

CFD indices

8

Metals

2

Commodities

4

Real stocks

ETFs

Cryptocurrencies

6

Note:

  • The EU clients can not trade cryptocurrencies as the FCA bans the trading of crypto in the european union.

 

FAQs

    1. Does Oanda allow bot trading?
  • Yes, you can develop automated trading strategies with our API from the developer portal of Oanda.
    1. Does Oanda give a bonus?
  • Unfortunately, you will not find any mention of any such promotion on the OANDA site.
    1. Does Oanda allow scalping?
  • Yes, Oanda does allow scalping and hedging.
    1. When trading forex, will you lose more than your initial deposit?
  • Both our MetaTrader 4 and Oanda web trading platforms are set to automatically close your positions when your margin requirement reaches 100% (stop out level).
  • Please note that this process is automated and is not a guarantee that your account will not enter into a negative equity situation and you should keep a balance amount in your account above your required margin.
    1. Does Oanda accept payments from third parties?
  • No, as you can only deposit money from accounts that are in your name.


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