OANDA's proprietary FXTrade Platform is a fully automated
trading platform in which OANDA plays the role of market-maker.
Our platform is not an auctioning system in which a trader
must request a price from a pricing source and then make a
buy/sell decision based on the quote offered. Nor is it a
matching engine where a trade is executed only if both sides
of the trade can be filled at the time of the buy/sell request.
OANDA is a registered Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC)
and is a member of the National Futures Association (NFA).
OANDA's NFA number is 0325821
Open
an FXTrade account
or,
Open an FXGame (Demo)
account