OANDA say they are a global leader in CFD solutions where you can discover and experience award-winning online trading platforms, available on desktop, web and mobile.
Customer Reviews
Leave a review and tell us what you think to help others make more informed financial decisions.
I have been with them…
I have been with them for less then a year but with their education and help I don’t plan on leaving them even if I use another broker
5/5
Good
Good
Excellent Web layout
Excellent Web layout
Easy to navigate
Easy to navigate
Good for metatrader but no…
Good for metatrader but no cTrader offering
Easy to use
Easy to use
Extremely good
Extremely good
I have had a good…
I have had a good experience with yhem
Good trade execution
Good trade execution
Great for making small bets….
Great for making small bets. Easy to use trading tools. Charts could be better.
CEO Interview
Vatsa Narasimha, OANDA’s CEO told us what makes the US Forex broker a global contender…
OANDA Spread Betting
Back in 2015, OANDA, who up until then was provided FOREX trading as well as physical currency conversions, launched their spread betting product.
Spread betting is one of the most competitive retail financial markets in the UK. The biggest broker, IG claims about 100,000 active spread betting clients and is already diversifying into stockbroking and ETF investments. City Index has also been bought by Gain Capital and promptly shut down GFT Markets.
So, have OANDA done their research and discovered that the market is not saturated and not consolidating? There are a plethora of spread betting brokers for UK customers to choose from, one of the best brokers CMC Markets is constantly nipping at the heals of market leader IG, by offering new clients tight spreads, a deposit bonus of up to £5,000 and a range of trading platforms. It will be interesting to see how OANDA perform in the market.
Despite spread bet traders being well catered for in terms of choice of brokers and trading platforms, a retail broker that does not offer spread betting in the UK will always be at a disadvantage when trying to win new business.
The tax free nature of profits from spread betting on financial markets mean that it is a low administrative way to have exposure to financial speculation. This caters for lost clients that don’t quite have enough cash on hand to be tax efficient when trading. So anyone punting with less than £100,000 needs to consider the accountancy fee at the end of the year if they opt for CFD trading. A key factor in any broker offering spread betting as a service is product coverage.
In the UK brokers who want to capture a large portion of the 100,000 active clients need to offer the service to be competitive. So in OANDA’s case it seems they didn’t really have any choice if they wanted to be taken seriously in the UK as a private client retail FOREX broker.