About OANDA

OANDA uses innovative computer and financial technology to provide Internet-based forex trading, funds transfer, and currency information services to everyone—from individuals to large corporations, and portfolio managers to financial institutions. OANDA is a market maker and a trusted source for currency data, with access to one of the world's largest historical, high frequency, filtered currency databases. Our services include:

  • OANDA - The Currency Site: Currency information, tools, and resources for investors, businesses, and travelers.
  • FXTrade: A fair, transparent, low-cost and flexible forex trading platform for traders, investment managers, financial institutions, and corporations. With a free unlimited-use practice platform, APIs for automated trading, and FXManager, a trading interface for multi-client trade execution and reporting.
  • FXGlobalTransfer: A convenient, secure, and completely online international money transfer service. Clients can take advantage of the same exchange rates professional traders receive.

About FXTrade

OANDA's proprietary FXTrade Platform comes from 15+ years of foreign exchange research and analysis. The platform was developed with the goal of making currency trading significantly more convenient than it is through other means. FXTrade is truly revolutionary in what it has to offer.

  • Fully automated platform - from market-making to trade execution: It is a 100% electronic marketplace for trading currencies via the Internet with no human intervention.

  • User-friendly, easy to navigate trading interface: Our goal is to make currency trading convenient and simple for everyone from the novice FX investor/speculator to the experienced trader.

  • Price transparency: Our innovative, market-making technology offers instant execution from live two-way prices.

  • Tight spreads: As low as 1.2 to 3.0 pips on all major currencies offered, regardless of size. On average, this is 2-3 pips lower than other Internet-based currency trading platforms.

  • NO limits on trade size: FXTrade is unique in its ability to support trades in much smaller quantities than most other platforms. In fact, it allows you to trade as little as $1.00! Furthermore, FXTrade offers the same low spreads regardless of trade size. This differs from the $1,000,000 minimal transaction sizes required by many institutions and the $100,000 minimal trading sizes required by most other Internet-based currency trading platforms.

  • Instant confirmation / settlement with real-time account management: When a currency pair is bought or sold, confirmation and settlement are instant with P/L, margin and account activity being updated in real-time using OANDA's innovative Java-based trading platform.

  • Leverage: OANDA's FXTrade Platform allows you to set your account leverage to 10:1 or 50:1. This enables you to take better advantage of small price movements. (Note: Leverage greatly impacts the speed at which gains and losses can be realized)

  • 24/7 availability: OANDA's FXTrade Platform is available for trading 24 hours a day, 7 days a week. This is in contrast to the FX market, in which there is no trading over the weekend.

  • Internet- based, no software to download: The FXTrade User Interface will run on virtually all Internet-connected browsers. It is thus available anywhere, anytime. Unlike many other online offerings, setting up our trading platform does not require you to download software.

  • Analysis tools: The OANDA FXTrade Platform also makes available a number of proprietary and third -party analysis tools to aid you with your trading decisions.

For more information, visit the FXTrade website.

 

A Brief History

OANDA was founded on the belief that technology and the Internet would globalize the marketplace. And we were right. Read more in our brief history.



OANDA, The Name

While the name OANDA has come to mean “everything forex” to many, it doesn’t actually stand for anything in particular. Here’s a brief miscellany about our name for your perusal.