Words from our winners

“OANDA is so far ahead of the curve that it has the opportunity to revolutionize not only forex, but all financial markets.” - Alejandro Garcia

“OANDA’s low spread reduces the transaction cost significantly compared to other retail brokers.” - Xinxi Wang

“OANDA has the soundest trading platform, lowest spread, and very impressive client support.” - Liguang Wang

The OANDA Advantage

We’re transforming how the world trades online. Find out why traders choose OANDA.

  • Low spreads
  • Flexible lot sizes – trade any amount from 1 unit to 10,000,000 units
  • Minimum account size of $1
  • Fully automated execution with immediate trade settlement
  • No fees or commissions
  • Trade in 17 languages

OANDA fxTrade Race to the 1 Billionth Transaction Contest Rules

  1. CONTEST TERM & ELIGIBILITY:

    1. Term: The Contest runs until the billionth transaction is recorded on OANDA Corporation’s (“OANDA”) fxTrade database. A counter is available on the fxTrade website (www.fxtrade.com) which displays the number of transactions. The counter is delayed and updated on an hourly basis.

    2. Contest Eligibility: The Contest is open to Retail customers of OANDA, OANDA (Canada) Corporation ULC, OANDA Asia Pacific Pte. Ltd. and OANDA Europe Limited who hold a valid fxTrade account. Retail customers are natural persons. Institutions, corporations and other types of entities are not eligible. fxUnity and fxTrade Practice accounts are not eligible for the Contest. Employees of OANDA, its subsidiaries, and their immediate family members or persons living in the same households of such employees, are not eligible. Contest is void in Quebec and where prohibited.

    3. How to Enter: Eligible customers are automatically entered into the Contest when one of the following Eligible Trades is executed in his/her fxTrade account:

      • A market or limit order
      • A stop-loss order closes an open position
      • A take-profit order closes an open position

      Eligible customers may opt-out from the Contest at any time before or during or the Contest by contacting optout-1billion@oanda.com. All eligible customers who do not opt-out of the Contest are Entrants.

    This Contest is not an inducement to change or increase your trading activity. Remember that trading off-exchange foreign exchange or contracts-for-difference on margin carries a high level of risk and is not suitable for all investors. Please refer to our more detailed Risk Warning.

  2. CONTEST PRIZES:

    1. Determination of Prize Winners: Subject to the Contest rules, OANDA shall determine the following the winners:

      • First place: First place will be awarded to the Entrant recording the first executed Eligible Trade immediately following the one billionth transaction.
      • Second place: Second place will be awarded to the Entrant recording the second executed Eligible Trade immediately following the one billionth transaction.
      • Third place: Third place will be awarded to the Entrant recording the third executed Eligible Trade immediately following the one billionth transaction.

      Maximum of one prize per person. Winners may be required to successfully answer a skill-testing question as a condition to receiving a prize.

    2. First Place: The first place winner shall have 10,000 USD, the equivalent of 1 billion pipettes in a USD fxTrade account, deposited into his/her existing fxTrade account with OANDA or any of its subsidiaries.

    3. Second Place: The second place winner shall have 1,000 USD, the equivalent of 100 million pipettes in a USD fxTrade account, deposited into his/her existing fxTrade account with OANDA or any of its subsidiaries.

    4. Third Place: The third place winner shall have 500 USD, the equivalent of 50 million pipettes in a USD fxTrade account, deposited into his/her existing fxTrade account with OANDA or any of its subsidiaries.

      If the winner’s fxTrade account is in a base currency other than USD, the prize will be converted into the base currency at the spot rate at the time of the deposit.

    5. Prize Notification: Winners will be notified by e-mail. In the event the selected winner(s) of any prize is/are ineligible, cannot be traced or does not respond within ten (10) calendar days, refuses the prize, or in OANDA’s sole discretion does not qualify to maintain an fxTrade account held with OANDA or any of its subsidiaries, the prize will be forfeited and OANDA shall select another winner. Only prize winners will be notified. The name and location of winners can be obtained by contacting OANDA Customer Service after thirty (30) calendar days following the billionth transaction.

    6. No Alternatives: No prize transfer, assignment or substitution by winners is permitted.

  3. CONDITIONS AND LIMITATION OF LIABILITY

    1. Disqualification: Entrants agree to be bound by these Contest rules and that OANDA’s decisions are final and binding with respect to all matters relating to the Contest. OANDA reserves the right in its sole discretion to disqualify any customer who violates any Contest rule, is found to be tampering with the results, or is acting with apparent intent to disrupt or undermine the operation of the Contest.

    2. No Purchase Necessary: No purchase or entry fee is required to enter the Contest.

    3. Publication and Promotion: Winners agree to publication of their name and location by OANDA. OANDA and its subsidiaries and advertising agencies may use any winner’s name and location in any publicity or advertising relating to the Contest or future promotions without compensation or approval. Winners agree to participate in promotional events, interviews, public announcements in connection with the Contest.

    4. Taxes: Prize winners are solely responsible for any reporting requirements and payment of taxes associated with the Contest or prizes.

    5. Jurisdiction: This Contest shall be subject to and governed by the laws of the state of New York and the forum for any dispute shall be in the state of New York, U.S.A.

    6. Limitation of Liability: All Entrants agree to release, discharge, and hold harmless OANDA and its partners, affiliates, subsidiaries, advertising agencies, agents and their employees, officers, directors and representatives from any claims, losses and damages arising out of their participation in this Contest, any promotion related to the Contest and the acceptance and use of any prize awarded hereunder.

    7. Delays or Failures: OANDA and its partners, affiliates, subsidiaries, advertising agencies, agents and their employees, officers, directors and representatives shall not be liable for any delays in the acceptance or transmission of orders due to a breakdown or failure of transmission or communication failures, or for any other cause beyond their reasonable control. If for any reason the Contest is not capable of running as planned, due to computer virus, technical failure, human error, or unauthorized intervention, that affects the security or integrity of the Contest, OANDA reserves the right in its sole discretion, to terminate, modify, or suspend the Contest and award prizes from among all Entrants.

    8. Privacy: Acceptance of a prize constitutes permission to use and disclose the winner’s name and location (state/province/country) for promotional purposes in any media, worldwide, without further payment or consideration except where prohibited by law.

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