By Mitch Rice
The name Oanda is abbreviated as Olsen and Associates or Olsen AND Associates. Oanda fx is mainly registered in the United States and aims at providing the clients with a wide range of all financial services in most of the countries around the world.
The company was founded in 1996 and is not currently regulated in four areas. The main regulator of this broker is the UK Financial Conduct Authority named as FCA. Oanda fx is licensed by IIROC. The company has numerous significant awards that include a victory in the category of ‘Best Forex Trading Technologies’ fir the Forex Awards UK. Also bagged the ‘Best Trading Platform’ award for FX Week, along with the ‘Best Customer Service’ award for the US Foreign Exchange Report. The trading terminal of Oanda fx is MetaTrader4. The bonuses are from Traders Union. They work with the accounts which are opened exclusively through the website of Traders Union.
What are the advantages of trading with Oanda?
There are several advantages of trading with Oanda fx which are stated as follows:
- There is a facility provided in which minimum deposit is from 1 dollar.
- There is a large selection of the most famous and popular trading instruments.
- There are numerous reliable as well as reputable financial regulators.
What are the disadvantages of trading with Oanda?
Following are the disadvantages of trading with Oanda:
- The site is inconvenient as well as poorly functional.
- Leverage is low.
- There is a lack of cent accounts.
- There is a lack of bonus programs.
Oanda is an optimal broker for the experienced professionals and traders. However it is important to consider that the broker could focus most primarily on the English speaking clients.
How much time does it require to learn forex trading?
The answer to such a statement clearly depends on several of the variables that would be discussed. Specific approaches could help the people in going through the difficult learning path in a much faster way. But some of the people never really learn forex trading and thus face loss. An individual has to keep one thing in mind that the forex trade is a learning process which is ongoing. The market is very much dynamic. The things change in daily bases. So it is pretty much clear that there is no one size that fits all solution.
How an individual can get started in forex?
This certain method requires the trader to have certain skills for recognizing patterns on chart. This skill comes with the experience as a result of practice on daily basis. In today’s era this trading method this specific trading method is considered to be the most profitable as well as reliable so the individual could start trading Forex by using it on a demo account. In the start the only difficulty is lack of skill for seeing several graphic structures on the chart but all of this comes with the experience. As the market is very dynamic.
Data and information are provided for informational purposes only, and are not intended for investment or other purposes.
