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Why OANDA FXTrade TM

Each FXTrade client has a different set of reasons for using FXTrade.

Which ones are important to you depends on who you are and what your objectives are.

The table below gives a brief summary, while the links in the box lead to more in-depth reasons for different market segments.

Easy To Get Started
Easy To Use
Low Cost
Financial Reliability
System Reliability
Security and Privacy
Tools, Quotes, and Information
Account Choices
Transparency
Your Trusted Partner

Easy To Get Started


  • Accounts can be opened in as little as 5 minutes or less.
  • All you need is a Java-enabled browser (most are) that is connected to the Internet.
  • No startup costs.
  • No account minimum.
  • No commissions (i.e. you only pay the spread).
  • No transaction fees.
  • No ongoing charges.

Easy To Use


  • We are a 100% online broker. Everything is contained in our secure servers.
  • No cumbersome software to install or maintain and no additional hardware is required.
  • The graphical user interface is simple, intuitive and easy to use. A marvel in ergonomics.
  • We speak plain English --- not financial or computer jargon.
  • We put information at your fingertips where you need it --- not several mouse clicks away.

Low Cost


  • We specialize in Forex, applying leading-edge computer and financial engineering to make trading as efficient as possible.
  • Your only cost is the spread and we lead the way in having low spreads --- with a 1.5 pip typical spread on the EUR/USD, less than half what many others charge.
  • Trade the amount you want (as low as $1) without rounding up or down to a lot and get the same tight spread.
  • We've automated all of our processes, so that your trade gets done when you want it to. No human intervention. No funny business.

Financial Reliability


  • OANDA is registered with the U.S. Commodity Futures Trading Commission (CFTC) as a Futures Commission Merchant (FCM), and OANDA is a member of the National Futures Association (NFA # 0325821).
  • Funds deposited by clients are strictly separated from operational funds in accounts maintained at highly reputable banks, such as JPMorgan Chase, Citibank, UBS, Deutsche Bank, Royal Bank of Canada, etc.
  • You cannot lose more than the current balance in your account due to trading.

System Reliability


  • We run industrial-strength hardware and software from companies like Sun Microsystems and IBM.
  • Our software and systems are subject to rigorous testing before any release and all software is released on FXGame weeks before it is released on FXTrade.
  • Our servers are located at leading hosting providers where everything is engineered with n+1 redundancy for fault tolerance.
  • Multiple connections through several Tier 1 Internet backbones minimizes likelihood of connectivity issues.

Security and Privacy


We have taken every available precaution to protect your security, including:

  • Firewall protection to restrict outside access.
  • Password authentication.
  • Encryption of all critical communication between OANDA and your computer.
  • We do not sell your private information to third parties. For more information, please read our Privacy Policy.

Tools, Quotes, and Information


  • Unlimited streaming quotes.
  • Professional tools, including real-time graphs, and indicators.
  • Professional-strength real-time news and analysis; economic calendar.
  • A demo platform you can use for as long as you like --- test FXTrade or test your latest trading strategy.

Account Choices


  • Accounts can be opened in as little as 5 minutes or less.
  • Choose from Individual Accounts, Corporate and LLC's, Partnerships (Regular, Investment Clubs).
  • Choose currency of account: USD, EUR, GBP, CHF, CAD, AUD, or JPY.
  • Fund your account with a paper check, PayPal, or wire transfer.

Transparency


  • No hidden charges or gimmicks.
  • Openly published spreads.
  • Openly published order book and client positions.
  • An open forum where you will find every compliment and every complaint about FXTrade ever made, and where traders share ideas and information.

Your Trusted Partner


  • We work with you, not against you.
  • We fully hedge our clients' positions, so we have nothing to gain if you incur losses and we win if you trade profitably.
  • We pay continuous interest --- second by second --- on your account balance.
  • We listen to our clients --- many of the platform features are a result of direct client feedback.
  • Client feedback, both positive and negative, is available for all to see on the OANDA FXForums.