For forex traders, any delay in settlement comes with a cost. Traders should not have to assume this additional burden when they get nothing in return.
[Chapter 2, What You See is Not What You Get, Forex Trader's Bill of Rights]

At OANDA, one of the primary goals of our FXTrade platform is to achieve the best execution for your trades.

Best execution means:

1. No delay (some dealers demand a lag time, even a two-day settlement date with rollover swaps)
2. The best price (with the least possible displacement from the quote)
3. The fastest execution (to capture the moment of opportunity without the delay of dealer intervention)
4. The fastest settlement (for traders to maintain capital flow; for market makers to avoid operational and interest-rate risk)

We believe the best execution requires a trading platform that is 100% automated—from market-making through trade execution. Automation guarantees instant settlement and deal confirmation, meaning your trade gets executed immediately at the lowest possible cost to you.

Our core expertise is in computer engineering and financial technology.

We apply this expertise with ongoing and aggressive improvements to the FXTrade platform. From its inception, the FXTrade platform has led innovation in the forex market, replacing old ways of doing things with new processes that make more sense in the computer age.

With quality of execution at the core of our expertise, OANDA can commit to transparency in the forex market. For example, OANDA's historic rate information is publicly available for you to compare with the rates you received from other brokers.

To find out what other traders say about the quality of execution of the FXTrade platform, visit the Forex Forums and ask the opinions of our FXTrade clients. OANDA forums are completely open to the public so every compliment and complaint is there for all to see.

Our proprietary FXTrade Platform is a fully automated trading platform in which we play the role of market-maker. Our platform is not an auctioning system in which a trader must request a price from a pricing source and then make a buy/sell decision based on the quote offered. Nor is it a matching engine where a trade is executed only if both sides of the trade can be filled at the time of the buy/sell request.

OANDA is a registered Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA).