Global Broker Regulation Inquiry App
WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Clients Reviews: What Are Investors' Opinions of OANDA?
Abstract：Whether you prefer to trade stocks or currency trading appeals to you more, a prosperous trading journey involves choosing the right broker. A reliable broker doesn't always have to be strongly regulated. On the other hand, signing up with an offshore broker without regulatory oversight isn't recommended either. It's just that you need to be rational with broker selection. Sometimes, multi-regulated brokers like OANDA fail to meet clientele satisfaction.
Summary
OANDA Global Markets Ltd operates under the brand name of OANDA Corporation, founded in 1996. The group comprises several entities regulated in multiple jurisdictions around the world. With easy-to-use trading platforms, numerous account types, and a quality research department, the company claims to be one of the most competitive brokers in the industry. However, the broker is criticized for its slow withdrawal process, poor trading conditions, and high trading costs.
Is OANDA Regulated？
OANDA holds multiple regulations worldwide. Major regulators of the company include but are not limited to USA National Future Association (NFA), UK Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), and Cyprus Securities and Exchange Commission (CySEC), Investment Industry Regulatory Organization of Canada (IIROC), British Virgin Islands Financial Services Commission (BVI-FSC) and Malta Financial Services Authority (MFSA) .
Clients Feedback
OANDA is mostly reported for withdrawal problems. However, clients have also denounced the company for worsened trading conditions and slow customer support. Some clients even perceive the company to be a dealing desk broker.
According to OANDA clients, the brokerage manipulates their orders before passing them to the market. Investors also accuse the company of not providing flexible charting time frames and advanced technical indicators. Other complaints include widened spreads, no negative balance protection, guaranteed stop-loss, etc.
Has OANDA Ever Been Red Listed by Regulators？
Malaysian Regulators once warned OANDA for providing trading activities without its approval. The company sometimes faces non-compliance issues as well. For instance, OANDA was penalized for $200,000 after NFA found the company in breach of conduct. According to the authority's press release dated April 01, 2021, the company failed to report accurate forex daily activities to the NFA.
Further, OANDA personnel did not adhere to the process and failed to notify OANDA's AML Compliance Officer after one of its customer's accounts got hacked.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Long
Short
Slippage
Leverage
Indicator
Quoted currency
Roll-Over
FED
ECB
BOJ
US Non-farm Payrolls
Deficit
Quantitative easing
FOMC
GDP
Hawkish
Dove
Macro
Base rate
Broker
Clearing
Commission
Currency Pair
Dealer
Future
Inflation
Liquidation
Market capitalization
Value Date
Hedging
Lock
Market depth
Fundamental analysis
Technical analysis
BIS
Asian session
G7
G8
Arbitrage
Spot Market
Spot Price
Contract
Interest
Net Position
Devaluation
BOE
PBOC
Volume
Liquidity
Margin
RokingLTD
knowledge
Learn basic forex
Forex trading
Forex margin
Forex Chart
Forex indicator
support and resistance
Forex Broker
Forex strategy
Forex Currency pair
Forex Analysis
Forex news
leverage in forex
forex pips
Basic forex knowledge
forex market
forex beginners
FSCA
monetary policy
mortgage-backed securities
interest rates
inflationary
Non-farm payrolls
Ramadan
Read more
Charles Schwab Review: Traders Claim Illegitimate Profit Cancellation, Trade Manipulation & More
Have you been lured into the Charles Schwab app for trading on the back of outrageous profit claims by the broker? Did you fail to receive any of these? Does the broker deny withdrawals every time you request and cancel your forex trading account? Have you been victimized financially by its trade manipulation? Act before you are left with a NIL balance in your account. Many traders have questioned Charles Schwab customer service and many other operational executives for the aforementioned illegitimate trading activities. In this Charles Schwab review article, we have shared some of their comments. Read on!
Original Two days ago
AMP Futures Exposed: Traders Raise Alarms Over Illegitimate Account Blocks & Bad Customer Service
Has AMP Futures blocked your forex trading account? Does it fail to provide any explanation for this act? Do you face issues concerning deposits to your AMP Futures account? Is the customer service non-existent for any trading query you raise with it? You are not alone! Many traders have been facing these issues upon AMP Futures login. Some of them have commented on AMP Futures review platforms. In this article, we have shared some reviews that you can look at. Read on!
Original Two days ago
FXGlory Review: Vanishing Profits, Capital Scams & Withdrawal Charges Keep Annoying Traders
Does FXGlory remove all your forex trading account balances upon fund withdrawal requests? Or do you witness incorrect trading account balances after fund withdrawals? Does the Saint Lucia-based forex broker charge you for fund withdrawals? All these and many more scam-related complaints have been filed against the forex broker. In this FXGlory review article, we will discuss several complaints. Read on!
Original Two days ago
PINAKINE Broker Review: A Complete Look at Its Services and Risks
Finding a trustworthy broker from the huge and often confusing world of online trading options is one of the biggest challenges a trader faces. In this competitive market, PINAKINE Liquidity Limited has appeared, getting attention with promises of high leverage and zero-commission trading. However, a closer look shows important factors that every potential client must think about before investing. The most important thing to consider with PINAKINE is that it has no regulation. This fact completely changes how risky the broker is and has major effects on how safe your investments will be. This review gives a complete and fair examination based on information available to the public. We will break down its services, trading conditions, platform technology, and the possible risks involved, helping you make a fully informed decision.
Original Two days ago
WikiFX Broker
Latest News
Stonefort Broker Review 2025: Legit or Risky? A Complete Analysis
WikiFXQuantower Review 2025: User Reviews and Complaints in India
WikiFXUniglobe Markets Review 2025: A Safe Broker or a High-Risk Scam?
WikiFXCHINA BEST Broker Review: Regulation and Risks
WikiFXTD Markets Exposed: Price Manipulation, Withdrawal Issues & False Promises Hurt Traders
WikiFXBank of England holds rates steady in narrow vote ahead of Autumn Budget
WikiFXBingX Review: Traders Angry Over Withdrawal Denials, Account Blocks & More
WikiFXChicago Fed's Goolsbee says he's cautious about further rate cuts during shutdown
WikiFXThese Are Europe's Top Economies By Projected 2026 GDP
WikiFXVoices of the Golden Insight Award Jury | Tim Waterer, Chief Market Analyst of KCM Trade
WikiFXCurrency Calculator
USD
CNY
Current Rate: 0
Amount
USD
Available
CNY
Calculate