OANDA Review 2023 Update – Is it a Good Broker or Not?
General Information |
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Broker Name: | OANDA |
Broker Type: | Forex Broker |
Country: | USA |
Operating since Year: | 1996 |
Regulation: | ASIC, FCA, 542574 |
Address: | 135 West 41st Street New York NY 10036 |
Broker Status: | Regulated |
Customer Service | |
Phone: | +1 212 858 7690 |
Email: | frontdesk@oanda.com |
Languages: | EN,ES,PT,IT,DE and others |
Availability: | 24/7 |
Trading | |
Trading Platforms: | MT4, Web Trader, Mobile Trader |
Trading Platform(s) Timezone: | GMT +2 |
Demo Account: | Yes |
Mobile Trading: | Yes |
Web-based Trading: | Yes |
Bonuses: | N/A |
Other Trading Instruments: | Currencies, Indices, Commodities, Cryptocurrencies, Bonds |
Account | |
Minimum Deposit ($): | N/A |
Maximum Leverage: (1:?) | 1:50 |
Spread: | Variable |
Scalping Allowed: | Yes |
Review Contents:
- Introduction;
- OANDA Regulation and Protection;
- Trading Products;
- OANDA Trading Accounts;
- Trading Platforms;
- Deposits and withdrawals;
- Education;
- OANDA Review Summary
Introduction to OANDA Review
If you’ve been forex trading for some time now and you’ve been through some exciting times, you probably know OANDA.
OANDA is a quite a celebrity for forex traders, having a very long track record as it was founded in 1996, and is a very reputable trading service. It also provides very good trading strategies.
The fees are very appealing, the platforms are excellent, and the forex offerings are super attractive. However, celebrities are not perfect, and neither is OANDA. There are some things it needs to work out, but those things should be forgivable after you read this review. Let’s get it on!
OANDA Regulation and Protection
As with many highly popular brokers, OANDA is regulated. This American forex broker is regulated by top-tier regulatory bodies, including the US Retail Foreign Exchange Dealer and the UK’s Financial Conduct Authority.
These are huge names in the regulation industry. And because OANDA is subject to its regulations, the broker also needs to ensure the protection of its traders.
It’s also registered with:
- US Commodity Futures Trading Commission (CFTC)
- Investment Industry Regulatory Organization of Canada (IIROC)
- Australian Securities and Investment Commission (ASIC)
- Monetary Authority of Singapore
- International Enterprise Singapore.
This list puts OANDA among the most trustworthy brokers out there. There are stellar reviews regarding its reputation and transparency in the market. It received the highest overall customer satisfaction award from Investment Trends magazine.
There are some things that you should remember when trading with OANDA, though. Not all investments are protected. Although OANDA has six legal entities, each of those entities have limited protection coverage for traders.
The good news is that many other instruments and tradings are protected. All you have to do is find out which investments and accounts receive the ideal protections. Overall, this is a flaw that is beyond the regulators’ control, but OANDA will probably fix this eventually.
OANDA Trading Products
OANDA has a wide variety of forex instruments. It’s an ideal broker for forex traders who want
to trade wide range currencies such as EUR USD, USD GBP, CAD JPY, and much more! It’s only necessary to determine your base currency and quote currency as your foreign exchange data and research tools that will assist you along with your brokerage features.
It also offers some other assets like:
- bitcoin;
- bonds;
- metals;
- indices;
- commodities.
As you can see, the trading products are pretty limited. This limitation can put off some traders.
But traders who choose to trade with OANDA and their trading products often turn out satisfied
with the service.
Forex and CFDs Trading
OANDA is primarily a forex and CFDs broker. It offers excellent deals on CFD average spreads on more than 70 forex currency pairs. The majors are all in as well as the minors.
It lets clients trade with the use of leverage and margin.
Traders can control trades that are far larger than what their account can fund. The maximum leverage is 1:50, but you can set this manually when trading. That is a big deal. This feature isn’t available with many other brokers, such as Pepperstone and FXCM.
You can also trade CFDs with many other products like bonds, commodities, and indices. It has a wider variety of CFDs offering than its competitors, even with a limited product portfolio.
Please note, that CFDs are complex instruments and carries high volume of risk, there is always a chance of losing your money. CFD trade also requires high level of knowledge and experience.
OANDA Trading Accounts
OANDA offers two account types, which are:
- Standard account
- Elite account.
Regarding standard account, there are available:
- 64 FX trading pairs
- OANDA Web platform and mobile and tablet apps, plus TradingView and MT4
- Core pricing + commissions
- Spread-only pricing
- API trading
- 24/5 support
- Variable contract sizes (as low as 1 unit)
- Updates every 20 minutes.
Regarding Elite account, it includes all from above, in addition to:
- Updates every 5 minute
- Monthly TradingView subscription reimbursement
- Unlimited free wire transfers
- Minimum volume trading requirement From 10 Million
- Rebate per million traded From 5 Million.
Account Opening
When opening an account, you do not need to worry about any minimum deposits. At the same time, the process is entirely digital. You can complete it in less than 10 minutes — no sweat.
The catch is that the account approval may take multiple days since you will be asked for some verification documents. You can try your best to respond to these requests promptly so you will not have to wait long.
OANDA Trading Platforms
OANDA offers web and desktop trading platforms, as well as mobile apps. The most important thing is that they offer the MetaTrader4 platform, which is the industry’s standard.
Trade Web
OANDA offers quite a powerful web trading platform, capable of helping the trader spot trading opportunities. It has an excellent trading tech that enables fast execution.
You also get to enjoy superior analytical tools, news aggregators, charts, and more. It also helps the trader with risk management using the stop-loss order feature as well as the tutorials and guides.
Mobile and Tablet Trading
If you are not the type to sit down and you want to trade on the fly, mobile and tablet trading is also available. The custom made trading platform from OANDA is compatible with Android and iOS operating systems, so it’s pretty much accessible on all mobile devices.
The mobile trading platform has a customizable interface to help traders react and trade more efficiently. They can use the charts to suit their trading styles.
At the same time, the platform offers a trading performance tool that shows trading history and professional-grade metrics. There’s also a bunch of market news and data where you can access the economic calendar as well as the earnings calendars.
MetaTrader4 Trading Platform
OANDA also knows that traders will search for something big and familiar. That is why they also offer the MT4 trading platform, the forex market’s standard.
OANDA combines its pricing and execution with the platforms charting and analysis capabilities, paving the way for flawless and smooth trading. That’s something many brokers are striving to achieve.
So if you like using tech to your advantage, you can take advantage of the automated trading capabilities of the MT4. You can build trading algorithms, backtest your strategies, and enhance your existing plan.
MetaTrader5 at OANDA
Understanding the evolving needs of traders, OANDA offers the MT5 trading platform, a step further from the forex market’s conventional MT4.
MT5, with OANDA’s transparent pricing and proficient execution, amalgamates its advanced charting and analysis competencies, thereby delivering an impeccable and streamlined trading experience that brokers universally aspire to provide.
If you prefer leveraging technology in your trading operations, the MT5’s superior automated trading features can be beneficial. This platform empowers you to construct complex trading algorithms, backtest your tactics robustly, and refine your existing strategy, thereby providing a significant edge in today’s dynamic forex market.
Technical analysis package
What’s more, OANDA has its own technical analysis package and proprietary MT4 plugin. The plugin enables the trader to execute trades directly from the platform’s interface. You also gain access to intraday market scanning as well as automated chart alerts for specified patterns.
There are a lot of features that the MT4 provides that helps traders. Still, traders can opt for the desktop and web platforms or the mobile platforms that OANDA offers for their unique offerings. Also, MT4 is available on mobile.
So as you can learn from this OANDA review the broker pays sufficient attention to mobile trading. No surprise OANDA has also developed Currency Converter App available for most of the android devices.
Deposits and Withdrawals
This part can be most vital for some traders, that is why we dedicated entire section in OANDA Review to deposit and withdrawals options. OANDA also has a deposit and withdrawal policy for the traders.
Summing it up, you do not have to pay any deposit fee, and you can do it using a debit card. Meanwhile, withdrawals are free in most cases. But bank transfers are pretty expensive. Withdrawing from your account more than once a month also involves some fees.
Deposit options vary according to locations. They can be bank transfers, credit cards, debit cards,and PayPal.
Moreover, withdrawals can be done via:
- bank transfers;
- credit cards;
- debit cards;
- electronic wallets.
OANDA does not charge any withdrawal fees for the first transfer each month. But subsequent
withdrawals cost at least $15.
Paypal is free for transactions made using the euro, dollar, and
British pound. Meanwhile, bank transfers can cost at least $20.
OANDA Education
Education is also among OANDA’s priorities. It offers a ton of webinars that cater to both beginners and experts. The videos they provide are well-produced. The webinars cover all the important topics for traders, from forex basics to placing orders.
This broker also offers demo accounts for traders who want to try their strategies first on a practice account. Here, you trade with virtual money while dealing with real-time market conditions. You can practice until you feel confident enough to make the jump from practice to live trading.
The only downside to these educational and learning features is that they appear to be a bit scattered. It is not a huge flaw, but it can use some improvement.
The Market Pulse feature, meanwhile, serves as the source of the most current information about the developments in the market.
OANDA Review Summary – Is it Good?
OANDA is one of those brokers that has all essential bases covered: regulation, accounts, platforms, and education. This feature places it among top picks for a trader to choose from.
Trading with OANDA is undoubtedly a good one.
Of course, no broker is ever perfect. OANDA can work out its fee structure since some fees are pretty high relative to other brokers.
At the same time, there are issues with protection when it comes to its registrations. Nonetheless, these are pretty common. And the best brokers deal with this.
Conclusion
Overall, OANDA ranks among the brokers that shouldn’t be ignored. Trying out their services will prove to be an enjoyable experience.
Considering transparency, the company always publishes a trailing average of its average spread around nearly all timeframes. It is a part of its push for greater transparency alongside pricing.
Nevertheless, it is difficult to make a more precise comparison. It is because it never publishes a
number that is reflecting the average spread over a fixed period.
As already said from third-party developers within OANDA’s are available additional platforms.
It includes the Seer Trading Platform. The platform supports the development of the trading
system, including forward-testing and back-testing automated trading systems.
Moreover, OANDA is supporting trading connectivity to multiple platforms such as MotiveWave,
NinjaTrader, and MultiCharts.
Also, OANDA has content dedicated news site called MarketPulse. The site analyzes and
researches firms’ power and content.
Customer Support
If you need any professional customer support in the financial market with your standard account (or any other) you can also visit the Oanda’s contact page to see all the relevant numbers and emails as an existing customer or the potential one!
Is it Good?
As the summary of OANDA review we have to answer one core question: is it good broker or not? The final answer is below.
All in all, the edge of OANDA is its strong track of regulatory record. It has licenses in the
strictest centers of major finance, with robust research of the market.
Cons are including pricing
that trails discount leaders and a small list of tradable products.
OANDA is a suitable platform for sophisticated traders who prefer to connect via API alongside.
And, also for the casual investors who use automated trading systems on MT4. Thus, if you want to trade and have gains, this platform is an extremely good and rational choice.
For additional information and educational material regarding this brooker, you can visit the official oanda.com review page!
Oanda Review
Name: Oanda
Description: OANDA is a quite a celebrity for forex traders, having a very long track record as it was founded in 1996, and is a very reputable trading service. This American forex broker is regulated by top-tier regulatory bodies
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Support
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Platform
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Spread
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Trading Instrument
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Bad forex broker
This is a bad forex broker making so many delaying tactics for withdrawals. Signals aren’t that good and believe me, it is almost impossible to withdraw.
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Poor signals
Poor trading signals. Have just wasted my money and time on this.
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Poor services
Poor trading tools and services. Do not trade with them.
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Poor trading advise
It is not a good choice of broker. i have traded with them and have lose so much money. Poor trading advise.
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Poor trading advise
It is not a good choice of broker. I have traded with them and have lose so much money. Poor trading advise.
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Not profitable
It is more of a game of chance. Market forecasts are not profitable.
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Incompetent customer service
Customer service is very unreliable. Aside from their commitments not being met, they are very incompetent in providing resolution.
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Not so good trading terms
Not so good trading terms.Very low leverage and a lot of policies upon withdrawal.
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Scammers
Great scammers, avoid them by all means.
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Rude
Unhelpful and rude all the time.
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Big time scammers
Big time scammers. I warned everyone not to deal with them.
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Poor broker service
This broker service promises too much but shows bad trading results. I was hooked by their very promising marketing strategies but have lost a lot of money.
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Rude customer service
Poor customer service. They sounded very rude all the time.
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Waste of money
Do not trade with them. It is just a waste of money.
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Incompetent customer service
Customer service is very unreliable.Aside from their commitments not met,they are very incompetent in providing resolution.
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Poor broker service
This broker service promises too much but shows the bad trading results. I was hooked by their very promising marketing strategies but have lost a lot of money.
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Not a good broker
They are very unprofessional in dealing with customers. Not a good broker.
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Do not deal
Do not deal with them. I am a victim of their trading scam.
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Do not trust
As soon as they get money from you they will disable your account. Do not trust them.
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Poor broker
Poor broker performance. Not recommended.
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Did not pay my profit
I have invested money here, but they haven’t given me withdrawal. I send emails also but they have not responded.
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Unreliable broker
Trading with this broker is the worst I ever had.I have lost almost all of my money here. Services and signals are not reliable.
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Bad brokers
I was asked for tons of documents, and have complied, and yet still unable to get my profit. Bad brokers.
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Did not pay my profit
Did not pay my profit. They have accused me of a violation making my account frozen, Can’t do anything about it.
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Beware
They steal money from people. I have lost all my money on this, beware.
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No sense of responsibility
They have no sense of responsibility. I have called to ask for help regarding some technical problems I have encountered however I got no callback from them. They promise to call me back I have waited and wasted my time waiting for nothing.
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Poor brokers
They seem good at the start but they really are not. Do not deal with them, I have lost so much on this.
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Warning! scammers
Stay away from them. I am a victim of their scam. I am writing this review to warn and help everyone to be safe from these notorious scammers.
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Poor signals
Poor signals from the brokers. I can’t recall getting at least a decent profit.
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Worst trading experience
The worst experience I had in my entire life. I have lost a fortune and is now facing lawsuits and financial problem.
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Delays
Delays and more delays in trade executions. Also with withdrawals, always delay.
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Rude
They are very rude to me when I started asking to withdraw my profit. I do not suggest dealing with this broker.
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Got so many losses
They have fooled me to deposit more. I could have cut my losses if I stopped trading earlier.
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Stupid sales people
Stupid sales people. I ask them to put my number off their call list but they are calling daily instead.
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Did not pay my profit
I have invested money here, but they haven’t given me a withdrawal. I send emails also but they have not responded.
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Bad broker
They have lured me to deposit more in the hope of getting more profit. But I have lost more instead.
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Got so many losses
They have fooled me to deposit more. I could have cut my losses if I stopped trading earlier.
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Pricey trading instruments
Trading with them is too pricey. I am not going to deal with them again.
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Hassled withdrawals
I experience so much hassle in their withdrawal process and so I decided to just stop trading with the. It happens not just once but it happens on all of my withdrawals.
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Bad broker
They hand up on me on topics of withdrawals but are very prompt on deposits. Bad broker.
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Not worth it
Not worth my money and time. I did not gain profit trading with this broker.
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Slow withdrawals
Very limited payout channel and a very slow withdrawal process. They make the process very difficult and almost impossible.
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Poor trading tools
I encounter so many technical problems all the time. I reported but they did not attend to my concerns.
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Poor signals
I have a few observations for a month-long of trading with this broker. Signals are poor and withdrawal is slow.
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Worst withdrawals
Worst withdrawal process. Got no good thing to reconsider keeping the services.
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Excellent broker
Excellent broker, the signals are always accurate and profitable, with great customer service, too. Both are very professional in assisting me to succeed in trading.
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Did not pay my profit
Did not pay my profit. They have accused me of a violation of making my account frozen, Can’t do anything about it.
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Rude customer service
Extremely rude customer service. They sounded very lazy and unhelpful over the phone.
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Expensive trading options
Very expensive trading options. They have so many trading assets to choose from but all seem very expensive. I am trying a few for the first time and will post another review soon.
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Annoying withdrawal process
Annoying withdrawal process. Aside from it is very slow, they ask for so many requirements.
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Pricey trading instruments
Trading with them is too pricey. I am not going to deal with them again.
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Slow withdrawals
Slow customer service and slow withdrawals. I will never trade with them again.
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Do not deal
Do not deal with them. I am a victim of their trading scam.
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Incompetent customer service
Customer service is very unreliable. Aside from their commitments not being met, they are very incompetent in providing resolution.
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Poor signals
Poor trading advice. I followed their instructions but get so many losses.
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Slow withdrawals
Very slow withdrawal process, I got so much hassle, I was asked to provide too many documents.
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Not a good broker
They are very unprofessional in dealing with customers. Not a good broker.
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Poor signals
I am not trading with them again. Poor broker signals and rude customer service.
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Not so good trading terms
Not so good trading terms. Very low leverage and a lot of policies upon withdrawal.
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Slow withdrawals
Very slow in terms of withdrawals and execution. Some latencies cause me so much trouble.
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Poor trading systems
Poor trading systems. There are so many technical problems with their software.
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Extremely poor services
“Extremely poor services. Withdrawal is very very slow and customer service is very unhelpful.”
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Poor broker service
This broker service promises too much but shows bad trading results. I was hooked by their very promising marketing strategies but have lost a lot of money.
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Slow withdrawals
Slow withdrawal process. I have waited too long for a simple withdrawal.
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Blocks withdrawals
This broker service has a shady trading policy that will block you from doing withdrawals. Be careful, do not trade with them.
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Unregulated brokers
Unregulated brokers. Stay away from them.
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Not profitable
It is more of a game of chance. Market forecasts are not profitable.
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Poor signals
Trading terms are good they have a very low spread which I am happy about at first. Later on, I notice and realize that this spread has a great effect on losses. Unfortunately, I got so many losses due to poor signals.
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Disrespectful customer service
Disrespectful customer service. They sounded so rude all the time.
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Not recommended
Slow customer service. I am not happy with any of their services.
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Do not provide details
Funny how these people believe that they can get bank details over the phone. Do not provide anything when they called.
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Slow withdrawals
Very slow withdrawal process. Not a good broker, better try someone else.
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Do not trade
Do not trade with them. They are not good at all.
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Poor trading advice
It is not a good choice of broker. I have traded with them and have lost so much money. Poor trading advice.
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Bad people
Bad people. I was called and tricked to deposit. I have lost all my money here.
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Bad brokers
Do not fall for this broker’s scheme, some promotions are just a trap. It is a way for them to lure you and deposit money. But once you did, you will never get anything back, no withdrawals or refunds.
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Poor trading services
Poor trading services. I am not sure about others’ experience with this broker but mine is the worst one.
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Unprofessional
Not a good company to trade with. Very unprofessional.
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Poor broker service
This broker service promises too much but shows bad trading results. I was hooked by their very promising marketing strategies but have lost a lot of money.
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Worst company
They are one of the worst companies I have ever traded with. Not a good company to trade with.
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Do not deal
Do not deal with this broker company. They are hard to deal with when it comes to withdrawals.
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Delayed withdrawals
Delayed withdrawals. They do not process withdrawals promptly. Even if I comply with all of the requirements, I still have great delay on withdrawals.
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Poor broker
Poor broker performance. Not recommended.
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Terrible broker
Terrible broker services. They always give hard time on the withdrawal process.
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Bad forex brokers
Rude brokers and arrogant customer service. They are nice at the start but after taking the deposit would be a different story.
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Bad services
Bad services. Trade with other brokers, avoid this one.
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Slow withdrawals
Slow withdrawals. This has always been my complaint about this broker.
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Slow withdrawals
Slow withdrawals. This has always been my complaint about this broker.
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Bad forex broker
Very annoying and disturbing phone calls. They are fond of making unsolicited calls asking for more money.
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Rude brokers
Rude and arrogant brokers. They always force deposits and call any time of the day even if you will not authorize them to do so.
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Not worth it
Not worth my money and time. I did not gain profit from trading with this broker.
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Arrogant
Arrogant. They sounded very unprofessional.
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Bad customer service
Bad customer service. They always sound so rude and unhelpful.
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Bad broker
They have lured me to deposit more in the hope of getting more profit. But I have lost more instead.
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Poor services
Poor services. Not a good broker to deal with.
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Did not pay my profit
I have invested money here, but they haven’t given me a withdrawal. I send emails also but they have not responded.
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Unsatisfied
I am not satisfied with the trading services and I am unhappy with the trading results. During the time when I am still trading with them, I always encounter problems with the platform, too.
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Slow withdrawals
Slow withdrawals. This has always been my complaint about this broker.
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Waste of money
Do not trade with them. It is just a waste of money.
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Fake broker
Not a real forex broker. They are fake and they scam people.
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Impossible to withdraw
Slow customer services and an almost impossible withdrawal process. Do not trade with them.
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Got so many losses
They have fooled me to deposit for more. I could have cut my losses if I stopped trading earlier.
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Dishonest brokers
Dishonest trading broker. Had so many hidden charges.
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Poor trading signals
Poor broker signals. I am not gaining decent profit from this broker. Will never trade with them again.
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Slow withdrawals
Slow withdrawal process. I have waited too long for a simple withdrawal.
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Unreliable signals
Deposit and withdrawals are fine. But signals are not good. I lost even more than I won.
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Do not trade here
Do not trade here. They will never approve withdrawal requests. I should know, it happens to me.
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Worst broker
Not good. I have used their services in the past for I think about a month and it is really one of the worst.
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Pricey trading instruments
Trading with them is too pricey. I am not going to deal with them again.
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Unable to withdraw
I had a couple of bad experiences. One is that I was not able to get my money and second people are rude and demanding.
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Unable to withdraw
I had a couple of bad experiences. One is that I was not able to get my money and second people are rude and demanding.
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Beware with bonuses
Beware of this broker. They offer such great services but all is a trap. It is their way to freeze withdrawals.
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Faulty platform
Faulty trading platform. I always had issues with the platform every time I place trades.
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Delayed withdrawals
Delayed withdrawal process. I end up waiting for so long. Did so many follow-ups but still waited too long for my money.
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Slow withdrawals
Slow customer service and slow withdrawals. I will never trade with them again.
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Poor broker performance
Poor broker performance. Can’t remember getting anything good from the trades.
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Questionable pricing
Questionable spikes on pricing and slippage. I closed my account with this broker due to this reason. I am unable to refund any money though but better than getting huge losses.
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Poor services
Poor trading services I have ever experienced. I do not recommend this broker.
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Poor brokers
Have totally messed up my trading account. I’d rather trade on my own.
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Slow withdrawals
Very slow withdrawal process. They gave me hard time and ask for so many documents.
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Worst company
They are one of the worst companies I have ever traded with. Not a good company to trade with.
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Beware with bonuses
Beware of this broker. They offer such great services but all is a trap. It is their way to freeze withdrawals.
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No sense of responsibility
They have no sense of responsibility. I have called to ask for help regarding some technical problems I have encountered however I got no callback from them. They promise to call me back I have waited and wasted my time waiting for nothing.
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Rude customer service
Rude customer service. They are very disrespectful.
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Long wait on phone queue
Wait time over the phone is really long. Most of the time, I end up hanging up the phone and not getting support instead.
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Pricey trading instruments
Trading with them is too pricey. I am not going to deal with them again.
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Unreliable broker
Trading with this broker is the worst I ever had. I have lost almost all of my money here. Services and signals are not reliable.
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Unsatisfied
I am not satisfied with the trading services and I am unhappy with the trading results. During the time when I am still trading with them, I always encounter problems with the platform, too.
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Waste of money
Do not trade with them. It is just a waste of money.
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Slow withdrawals
They have the slowest process when it comes to withdrawals. been with several brokers have switched because of slow withdrawals. I thought it’s going to be faster with this broker but no it is even worst than I can imagine.
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Slow withdrawals
They have the slowest process when it comes to withdrawals. been with several brokers have switched because of slow withdrawals. I thought it’s going to be faster with this broker but no it is even worst than I can imagine.
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Scam company
Scam company. Everything here is virtual and profit can not be withdrawn.
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Unhelpful customer service
Unhelpful customer service. They ignore messages and did not attend to my trading needs.
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Beware of this broker
I am writing this review based on what I have experienced from this broker. I have traded with them in the past and was not able to withdraw my money. They come up with so many terms asking for more money denying my withdrawal request. I know experience is different from one trader to another but I am just leaving this review to serve as a warning. Beware of this forex broker.
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Poor offers
Poor offers. Do not deal with them.
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Slow withdrawals
Slow withdrawals. Customer service is good but they can not improve on the withdrawal process.
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Poor trading advice
It is not a good choice of broker. I have traded with them and have lost so much money. Poor trading advice.
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Poor services
Poor services. It is quite evident in my trading results.
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Not a good broker
I am not going to trade again. I have lost money on this company’s trading scheme. Avoid their offers, not good.
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Poor signals
I have a few observations for a month-long of trading with this broker. Signals are poor and withdrawal is slow.
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Do not trade here
Do not trade here. They will never approve withdrawal requests. I should know, it happens to me.
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Slow withdrawals
The slow process of withdrawals with so many annoying documents to submit.
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Did not pay my profit
I have invested money here, but they haven’t given me a withdrawal. I send emails also but they have not responded.
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Slow withdrawals
I have traded with this broker in the past and based on my observations, they have a really very slow withdrawal process.
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Slow withdrawals
Slow withdrawals. Very frustrating wait time I have ever experience.
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Bad company
Bad company. I regret investing my hard-earned money with this broker company.
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Unprofessional
Not a good company to trade with. Very unprofessional.
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Rude brokers
They are very rude. That is my observation during the time that I am trading with them. Have even force me to put more money.
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Poor support
Very poor customer support, do not listen to anyone or anything. They start ignoring you right after the deposit.
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Annoying withdrawal process
I am so annoyed with this broker. My first 2 withdrawals are really the worst. Very slow and difficult.
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Bad customer service
Bad customer service. I always feel harass every time I talk to them.
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Unpleasant customer service
Unpleasant customer service. They sounded very unhelpful and rude.
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Slow withdrawals
Slow withdrawals. I am so frustrated with all of the runarounds.
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Poor market analysis
Poor market analysis. I never find it worthy to trade using their signals.
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Annoying withdrawal process
Annoying withdrawal process. Aside from it is very slow, they ask for so many requirements.
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Slow withdrawals
Slow withdrawal process. I have waited too long for a simple withdrawal.
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Frustrating withdrawal process
I am very much frustrated with their withdrawal process. I find it really very slow and I find it very difficult to provide what is asking.
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Stupid sales people
Stupid salespeople. I ask them to put my number off their call list but they are calling daily instead.
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Slow withdrawals
Slow withdrawals.This has always been my complain about this broker.
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Poor services
Poor services. I will never use this broker service again.
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Rude brokers
Rude and arrogant brokers. They always force deposits and call any time of the day even if you will not authorize them to do so.
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Huge charges
Huge transaction charges. I was surprised to pay a whole lot.
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Did not pay my profit
Did not pay my profit. They have accused me of violating making my account frozen, Can’t do anything about it.
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Poor customer service
Poor customer service. I cannot get good answers from them.
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Extremely poor services
Extremely poor services. Withdrawal is very very slow and customer service is very unhelpful.
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Not a good broker
Avoid this broker, by all means, they are never worthy of your time. I have wasted so much money and time on this.
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Stay away from them
Please stay away from them, they don’t deserve to be in business.
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Poor signals
Not a good broker to deal with. Signals are not good at all.
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Customer service seems unwilling to help
I am so frustrated with their customer service, they are unhelpful and unprofessional. I needed help with the platform but they have sent me an email tutorial instead that I can’t even understand. As if they are not willing to help me over the phone.
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Unreliable signals
Deposit and withdrawals are fine. But signals are not good. I lost even more than I won.
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Constant price change
I have noticed constant price change as if there is something wrong with this broker.
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Unable to withdrawv
I had a couple of bad experiences. One is that I was not able to get my money and second people are rude and demanding.
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Poor trading signals
I am so frustrated. I have lost all my hard-earned money with them. Poor trading signals.
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Technical problem
There are so many technical errors and glitches on their trading platform. I have used their platform for quite some time and the problem is never resolved.
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Frustrated with customer service
I am so frustrated with their customer service, they are unhelpful and unprofessional. I needed help with the platform but they have sent me an email tutorial instead that I can’t even understand. As if they are not willing to help me over the phone.
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Poor broker performance
Poor trading platform and broker performance. It has a lot of platform technicals issues and signals are not profitable enough.
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Rude and unprofessional
So rude and unprofessional. Funny how friendly these people are upon account activations and turned out to be monsters on withdrawal requests.
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Bad broker
Trusting this broker was my biggest mistake. They have stolen all my money.
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Poor signals
Not a progressive trading experience. I have lost money instead. Something is wrong with their signals.
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Poor services
Poor trading services. Not a good one to trade with.
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Slow withdrawals
Slow withdrawals and slow customer service, too. Not recommended.
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Expensive
Poor trading instruments. Very expensive.
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Worst experience
Worst trading experience. They did not pay me my profit.
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Not a trusted broker
Chose a different broker and avoid trading with this one. They are not trustworthy.
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Do not trust
I suggest not to trust them. They tell all good things at the start but will never happen.
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Rude customer service
Rude customer service. They sounded very sarcastic and do not even address concerns.
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Worst withdrawals
Worst withdrawal terms. They had so many terms that pop up when I started requesting a withdrawal.
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Bad customer service
Bad customer service. I always feel harass every time I talk to them.
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Lose huge money
Refused to return balance funds, despite many follow-up calls. I lose huge money here and is just getting what was left on my trading account but they ignore all my request, messages, and even phone calls.
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Sluggish services
Sluggish services and withdrawals. Not worth my money and time.
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Worst broker
I get the worst nightmare trading with this broker. I was lured to add more money showing me possibilities I get good profit at the start and so I was convinced to do so. After depositing all my money, I lost it in an instant. Be careful in dealing with this broker.
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Slow support
It takes ages support to answer you!
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Expensive trading instruments
Not quite a good company to trade with. Some options are a bit expensive.
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Unreliable market forecast
Unprofitable signals. Market forecasts are not reliable.
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Bad customer service
Bad customer service. They are very lazy to assist clients. It is evident in every conversation I had with them over the phone.
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Delayed withdrawals
Delayed withdrawals. They process the withdrawal for almost a month, they keep on giving excuses.
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Do not deal
Do not deal with this forex broker, they will surely give you so many headaches. From signals to withdrawals, all are worst.
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Poor broker services
It is plain and simple to see that I am just wasting my time. I never gain anything but have several losses instead. No good.
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Drastic price increase
While it is true that they have transparent price history, I have noticed a constant price increase. I wonder if price increases are normally drastic, it is my first time trading.
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Slow
Slow customer service response and poor broker performance. Everything here, all processes are slow.
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Bad forex broker
Do not trust your money with this broker service, you will definitely be lost all just like mine.
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Bad customer service
They are taking too long to respond and resolve concerns and issues. I kept contacting them but they are very unresponsive. Bad customer service.
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Bad forex broker
Don’t deal with this broker. They will only show you expensive instruments and will make you add more money every time.
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Incompetent broker
Incompetent forex broker. I did not gain profit trading with them. They provide poor broker signals.
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Hassle withdrawal process
Almost impossible to request withdrawals. They will ask you to provide so many documents for account verification and will decline the papers and ask for replacements. There is so much hassle in their withdrawal process.
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Poor broker signals
Poor broker signals, I have lost several times. Nice customer service though.
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Bad customer service
Bad customer service. As if they don’t have one, they are very unhelpful.
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Bad customer service
They have good trading terms however I closed my account recently due to their bad customer service.
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Difficult withdrawal process
Do not trade with this broker. They have a very difficult withdrawal process.
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Slow withdrawals
Slow withdrawals. Very frustrating wait time I have ever experience.
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Stay away
Stay away from them. They will lure you and will never let you withdraw.
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Slow customer service
Slow customer service. I am unhappy with their services.
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Worst broker
Worst broker I have ever dealt with. Do not deal with them.
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Hassled withdrawals
I experience too much hassle on their withdrawal process. They let me wait too long.
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Poor trading software
It is my second month trading with this broker and I have been experiencing technical problems. I have reported this however keep having the same issues.
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Unprofitable signals
Will never trade with them again. Signals are unprofitable.
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Worst trading tools
I get the worst trading tools here. There are so many glitches and it greatly affects my trades.
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Poor broker services
Poor trading brokers. I am not going to trade with them again.
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Poor services
Poor services. Not a good fit to be a forex broker.
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Frustrating withdrawals
I am very frustrated with their withdrawal process. It took them almost a month to process every withdrawal I had.
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Poor services
Services are not good. I am not using this broker service again.
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Worst trading services
They’ve got the worst trading services. I will never trade with them again and will never recommend it.
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Poor trading instruments
Poor trading instruments. Very expensive and not worth it.
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Poor company
Poor trading company. They are very unreliable.
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Poor services
Poor services. Make sure not to trade with this broker.
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Bad customer service
Bad customer service. They sounded unhelpful and are very rude.
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Lost huge money
I have lost huge money on their trading scheme. Do not deal with them.
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Slow withdrawals
They have the slowest process when it comes to withdrawals. Been with several brokers have switched because of slow withdrawals. I thought it’s going to be faster with this broker but no it is even worst than I can imagine.
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Do not trust
Do not trust what you have heard from their salespeople. All are fantasies.
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Worst signals
Worst broker signals I have used. I have lost huge money here.
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Unhappy with the services
I am not happy with this broker service. Have traded with them for a month and the services are really not good at all.
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Unable to withdraw money
I had so much regret joining this broker. Aside from losing so much money, I am unable to withdraw what’s left on my trading account.
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Worst withdrawals
Worst withdrawal terms. They had so many terms that pop up when I started requesting for withdrawal.
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Unreliable signals
I regret dealing with this broker. I lose all my money, signals are very unreliable.
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Not a good broker
Not a good broker for online trading . As if signals are mere prediction.
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Difficult to withdraw
They gave me hard time on my withdrawal request. I am having a hard time getting approval for it.
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Do not trade here
Do not trade here. They will never approve of the withdrawal request. I should know, it happens to me.
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Awful broker company
Awful forex trading company.poor trading signals, I feel like they are not trained and are not good enough in online trading.
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Could not process withdrawals
I could not withdraw my money in any way. I adhere to all policies and terms but they still reject my withdrawal request.
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Drastic price increase
There are a drastic price hike and an unreasonable increase. I quit after a month of trading with them because of too much price increase.
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Bad customer service
Bad customer service. I never felt valued and cared for.
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Do not let withdrawals
They do not act in the best interests of their traders. They seem so good but they only show off to gain your full trust. They will soon get all your money and will never let you withdraw.
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Unable to withdraw
I am unable to withdraw my profit. Do not deal with them.
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Difficult to withdraw
The reason why I left them is because of slow withdrawals. I always had a problem processing my withdrawals.
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Delays
Delays and more delays in trade executions. Also withdrawals, always delay.
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Missing withdrawals
I have missing withdrawal complaints with this broker. It is supposed to be my first but I did not receive it.
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Questionable pricing
Questionable spikes on pricing and slippage. I closed my account with this broker due to this reason. I am unable to refund any money though but better than getting huge losses.
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Slow withdrawals
Very slow withdrawal process. I keep on waiting as if they don’t address the issue even if I call and send them messages about this.
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Unprofitable
I gain minimal profit and just wasted my precious time dealing with this broker. Services are okay but unprofitable.
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Expensive
The most expensive trading instruments. I end up paying more. Not worth trying.
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Worst services
Worst services, worst trading signals, and bad brokers. I had a very frustrating trading experience with this broker. Have lost huge money on their trading schemes.
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Do not deal with them
Do not deal with this broker. After doing some research I feel like what they have are plain cheating and not genuine forex trading.
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Delayed withdrawals
Delayed withdrawal process. I end up waiting for so long. Did so many follow-ups but still waited too long for my money.
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Do not deal with them
I warned everyone not to deal with this broker. I notice a few differences on market movements. Did conduct some research and as if what they have isn’t really trading.
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Bad services
Bad services. Very slow withdrawals and requirements are so difficult to provide.
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Unhappy with services
I am not happy with the services. Have traded with this broker in the past and I did not get good profit.
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Unprofitable
Worst services. I will never recommend this broker to anyone. Unprofitable trading with.
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Worst broker
The worst broker services I have ever tried. I can not rely on the services and their signals.
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Worst signals
Worst signals I have ever used. I also notice there is a delay in execution. I am not recommending this broker at all.
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Issues with pricing
I have issues with pricing. I notice some difference on other brokers pricing. I also notice huge slippage and drastic price increase.
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Poor broker service
If you are looking for an effective forex broker, this ain’t one. I have traded with them in the past and I was not able to depend on their services.
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Poor customer service
Poor customer service is very difficult to get through their phone line and they seldom answer messages.
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Poor broker service
Do not trust this broker easily. Their strategy is to lure you with so many good things but will give you so many losses and miseries instead.
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Be careful
Be careful, do not join their trading schemes. They have fooled me and I lost huge money on this. Do not trust them easily, investigate first.
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Deceivers
They seem to be a great deceiver. They have so many sweet promises at the start but eventually, they will never let you withdraw money.
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Horrible broker
This is a horrible forex broker. Losses are consecutive and services are unreliable.
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Cheater
Oanda is a cheater broker. I notice some constant price change and huge slippage.
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Poor trading signals
They are claiming that they’ve been a forex broker for a long time however upon trying their services, I am not satisfied. As if they are just new to forex trading, I can see it on my trading result.
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Can not withdraw profit
It could have been a great broker since signals are profitable. If only they process withdrawals swiftly, I can consider them good but profits here can not be withdrawn.
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Withdrawal issues
Withdrawals always come with great delay. It does not happen once but on all of my withdrawals. I decided to close my trading account here due to withdrawal issues.
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Unreliable broker signals
I can not rely on this broker signals. I notice getting more losses than winning trades. Will not trade with them again.
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Poor services
The worst broker service I have ever used. I was not able to refund my money. Signals are not good at all.
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Worst withdrawals
One of the worst broker company especially in terms of withdrawals. They have so many requirements and terms, making it almost impossible to withdraw.
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Annoying withdrawal process
Poor customer service and slow withdrawal process. I am so annoyed with their withdrawal process. I’m not trading with this broker again.
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Bad broker service
Bad broker service overall. Rude and unhelpful staff from brokers to customer service. Poor services as well including withdrawals and any other transactions.
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Poor performance
I have lost all my money on this broker service. Very poor overall performance.
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Poor signals
Trading terms are good they have very low spread which I am happy about at first. Later on, I notice and realize that this spread has a great effect on losses. Unfortunately, I got so many losses due to poor signals.
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Worst services
Worst services I ever had in forex trading. I still have a pending withdrawal.
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Bad trading results
All their strong marketing strategies are proven wrong. I traded with them because I thought they are skilled and experienced brokers but I was wrong. All I’ve got are bad results and huge losses.
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Slow response
Slow response to emails is the only problem I had with them but very minimal though.
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Cheaters
I joined this broekr about a few weeks ago. I am dissatisfied with the services and so I have requested to close my account. They are willing to assist me to close the account but I am not able to refund any money at all. Crystal clear, they are cheaters.
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They never process refund
They have a referral fee for every friend referred to trade with them but I will never refer this broker to anyone. Here is what happens to me, I had system issues affecting my trades and losing the money on my account, I have explained what happens to them and it is a known issue but I was not able to file a refund request.
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Poor forex broker
Do not be deceived by their strong marketing strategies, they will show you heaven but actual trading will give you hell. I have lost so much money on this, be careful.
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Unable to withdraw
Rude customer service and slow withdrawals. Results are okay though but I am unable to withdraw my profits.
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Very expensive
There are so many trading charges, I almost did not have anything for myself from the profit because of the fees. Very expensive.
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Worst broker support
Worst broker support. They are very rude and unprofessional. Make sure not to deal with them.
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Impossible to withdraw
Trading with this broker is a total nightmare. I was convinced to add more money but I lost them all. Poor trading signals and impossible withdrawals.
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Nobody wins
Be careful with this company. I heard nobody wins in the end. Winning is only for starter and it is a trap to as for more money.
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Unsatisfied with profit
I would like to thank their customer service for being so nice and helpful. I am happy with the services but I am not satisfied with the profits I am getting. I feel like my time has been wasted.
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Unprofessional
They are very unprofessional. Customer service places me on a long hold as I am waiting for their resolution regarding missing withdrawal but never get back to me. The moment I hang up and dialed again no one picks up the phone.
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Poor trading signals
I am not overall satisfied with the services. Most of the signals are poor and against market movements.
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Frustrating withdrawals
I am very frustrated with this broker service due to withdrawals. I have traded with them and decided to withdraw. They said it has been processed but my money went missing. My withdrawal up to these days is under investigation.
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Bad brokers
I am a client for a few months and I am not satisfied. Not a good broker.
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Frustrating services
Frustrating services from platform to brokers and even with withdrawals. Don’t trade with them.
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Avoid this broker
Avoid this broker at all costs. They won’t let you make any withdrawals.
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Frustrating brokers
The very frustrated client here. Stay away from this broker service. I have used these services in the past and it’s really worst, I lost a lot of money.
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Not a good broker
I am extremely unhappy with the withdrawal process. It took me more than a week before I got my money. Not a good broker.
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Awful customer service
Awful customer service. They can’t even communicate well.
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Ridiculous customer service
Ridiculous customer service, they can’t even assist in my trading needs, do not deal with this.
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Missing withdrawal issues
I have issues with missing withdrawals that are left unresolved up until today. Be careful not to trade with this.
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Unresponsive
Unresponsive staff and customer service. They do not treat urgent matters right away causing more losses.
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Worst broker
So many problems on thier trading platform. Worst broker I have ever tried.
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Slow withdrawals
Slow withdrawal process. Services overall are not that good.
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Difficult withdrawal
Don’t trade with them. You can create an account and deposit your money easy but when you want to withdraw that will be a different story. They will surely make it very difficult for you.
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Customer service can't communicate well.
Customer service is not articulate. They can not communicate well, I am always having a hard time understanding the guidelines and anything that they wanted to say.
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Worst customer service
Worst customer service. They are very unprofessional and unhelpful.
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Bad awful experience
Bad awful experience. I traded with them with high hopes as they set good expectations. On the first try, everything seems perfect and so I was convinced to add more money but eventually lost them all.
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Impossible to withdraw
Be careful not to trade with this broker, it is impossible to withdraw your money.
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Slow response
Slow response on chats and email. Customer service is friendly and nice but you will have to call them all the time.
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Slow withdrawals
Slow withdrawals. Do not trade with this.
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So many charges to pay
There are so many trading instruments you can choose to trade but trading with them is a bit expensive. There are so many charges to pay.
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Pushy and aggressive
They make more money as you deposit that is why they are very pushy and aggressive in asking for more.
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Poor brokers
Poor forex broker. The trading results are always nad or average, never impressive.
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Bad broker
If you came to trade to gain money stay away from this broker. They will let you lose your money in an instant.
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Just fair performance
The overall performance is just fair. Nothing extraordinary.
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Difficult to contact customer service
Customer service is very difficult to contact. They don’t even reply to emails and chats.
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Regulated and experienced brokers
This is a regulated forex broker and is in the market for a long time now. They are experienced and it shows on my trading results.
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