OANDA Reviews
(Rated by 6 users)
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Payment Methods
- Credit/Debit Cards
- PayPal
Payment Methods
- Verified Store VERIFIED
- Free shipping: Orders $50+
- In-store pickup: Ready in 2 hours
- 30-Day Returns
- Gap Good Rewards (4 brands)
Payment Methods
- Tops: $23 - $70
- Bottoms: $27 - $70
- Outerwear: $34 - $70
- Kids: $29 - $75
Overall Rating
4.7
Base on 6 Reviews
Ratings by Feature
Ratings by Feature
- Good Value4.3
- Shipping & Delivery5.0
- Price & Quality4.3
- Customer Service4.3
- Return Policy5.0
Recent Customer Reviews (6)
Victoria Goddard
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Melusina Talon
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Lilly Powell
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Connor Morton
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Samuel Marques
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Imogen Ford
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OANDA Pricing
Minimum deposit
from $1
Elite Trader cash rebates
$5 - $17 per million
Payment Methods
Accepted Payment Options:
Prices for items on Oanda.com vary widely depending on the type of clothing and promotions available. Typical price ranges include:
Credit/Debit Cards
PayPal
Payment Process
- Payments can be made online during the checkout process.
- For OANDA credit card payments, options include online payments, mail, or phone calls, but in-store payments are not accepted.
Refund Information
Refunds for returns will be processed back to the original payment method used during the purchase.
OANDA Pros & Cons
Pros
1
Regulatory Trust: Regulated by seven top-tier authorities, including ASIC, MiFID, and NFA.
2
Comprehensive Platforms: Offers MetaTrader 4 and 5, as well as a proprietary platform.
3
Robust Education: Provides both beginner and advanced trading videos, catering to all levels of traders.
4
Mobile Trading: Highly recommended mobile apps enhance trading flexibility.
5
Research Amenities: Offers an impressive array of economic analysis, real-time news feeds, calendars, and advanced data analytics.
6
Low FX Fees: All fees are built into the spread, with no separate commission charged.
7
User-Friendly Platforms: Easy-to-use Trade platform and client dashboard, ideal for beginners.
CONS
1
Higher Spreads: The average spread on EUR/USD is 1.61, which is higher than the industry average.
2
Proprietary Platform Lacking: OANDA's Trade desktop and web platforms are decent but fail to live up to the standard set by its leading competitors.
3
No Negative Balance Protection for U.S. Clients: U.S. traders with negative account balances can end up owing money to the broker.
4
No Guaranteed Stop-Loss Orders for U.S. or U.K. Clients: U.S. and U.K. clients do not have access to guaranteed stop-loss orders.
5
Limited CFD Options for U.S. Clients: U.S. clients are limited to trading 70+ currency pairs and cannot trade CFDs on individual stocks, ETFs, or industry sectors.
6
Inactivity Fee: Charges a monthly inactivity fee if the account is not used for trading.
OANDA Features and Benefits
Features
Minimum deposit from 1 dollar
This makes it accessible for traders with different budget levels.
Large selection of trading instruments
This provides traders with a variety of options to diversify their portfolio.
Regulated by several reliable and reputable financial regulators
This gives traders confidence in the security and integrity of the platform.
Popular trading terminals
These provide a user-friendly interface for executing trades.
Cheap trading fees
This makes trading more affordable and potentially more profitable.
24-hour support
This ensures that help is available whenever traders need it.
Easy deposit and withdrawal
This makes the process of funding and withdrawing from the trading account straightforward and hassle-free.
Educational resources
These help traders to improve their knowledge and skills.
Two account types - Standard and Elite Trader
These cater to different types of traders with varying trading volumes and requirements.
Cash rebates on trading volume for Elite Trader accounts
This can result in significant savings for high volume traders.
Transparent pricing sourced from a global network of premier banks
This ensures fair and competitive pricing for traders.
Variable contract sizes (as low as 1 unit)
This provides flexibility for traders in terms of the size of their trades.
API trading
This allows for automated trading strategies.
MT4 open order indicator
This provides valuable market insights for traders.
Priority service queues for Elite Trader accounts
This ensures faster service for high volume traders.
Regulatory Trust
Regulated by seven top-tier authorities, including ASIC, MiFID, and NFA.
Comprehensive Platforms
Offers MetaTrader 4 and 5, as well as a proprietary platform.
Robust Education
Provides both beginner and advanced trading videos, catering to all levels of traders.
Mobile Trading
Highly recommended mobile apps enhance trading flexibility.
Research Amenities
Offers an impressive array of economic analysis, real-time news feeds, calendars, and advanced data analytics.
Low FX Fees
All fees are built into the spread, with no separate commission charged.
User-Friendly Platforms
Easy-to-use Trade platform and client dashboard, ideal for beginners.
Spread-only pricing
The commission is included in the spread offered, making the spread the only cost paid.
Elite Trader program
Designed for high volume traders, offering cash rebates from US$5 to US$17 per million. The more one trades, the more they can earn.