The Wayback Machine - https://web.archive.org/all/20070617111424/http://fxtrade.oanda.com:80/whyfxtrade/
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Why Trade FX with OANDA
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Each of our FX Trading clients 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.
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 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 ... read more on spreads).
- 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.
- Tour the FXTrade Platform
 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 1.2 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 held in accounts maintained at highly reputable banks, such as JPMorgan Chase, Citibank, UBS, Deutsche Bank, Royal Bank of Canada, etc. (Note: funds are not insured and do not receive protection from bankruptcy)
- OANDA's FXTrade platform automatically closes your positions (margin call) before any losses exceed your balance.
 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.
- Free forex news.
 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.
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Over 235,213,304 FXTrade transactions executed so far!
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Trading off-exchange foreign exchange on margin carries a high level of risk and is not suitable for all investors.
Trading through an on-line platform carries additional risks. Please refer to our more detailed Risk Warning,
and NFA's FOREX INVESTOR ALERT.
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