OANDA Review
OANDA is a USA Forex specialist in FX spot trading. This Forex broker offers 68 forex pairs with the choice of a spread-only or core pricing account. OANDA also offer OANDA Trade, MT4 and TradingView trading platforms.
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Ask an Expert
CAN ONE TRADE XAUUSD WITH OANDA IN THE USA AND WILL OANDA ACCEPT FULL 24/7 ROBOT TRADING IN MT4 WITH A PURCHASED EA AND TRAILING STOPS
This is a question to ask OANDA. You can try their live chat
How long does it take to be approved by OANDA?
Once you have provided all the needed information for your application with OANDA and it is correct, you will receive an email from OANDA approving you application in 1-2 working days.
Is OANDA good for scalping?
OANDA allows scalping and does have some advantages such as a good record for instant fills and low slippage however scalpers tend to prefer ECN or RAW style accounts as they are cheaper. While OANDA does have RAW spread accounts in Australia, Singapore and in emerging markets, only a standard account is available in Canada, US and Europe, still good for scalp trading but there may be better options.
What is the margin requirement for OANDA?
This will depend on the region you are in but for Australia, Europe and the UK- the margin requirements for Major forex pairs starts from 3.33%.