Forex Broker List

I have been using the demo account for months now and have not had a problem. After reading these reviews, I'm a little skeptical about opening a live account with them. Although, I really like their platform. Very user friendly.

I got involved in OANDA because I wanted to trade in the Chinese Yuan. I tried the demo account for a couple of days and decided to open up a real account. Their web software got stuck in the first screen so I used their online chat help. Basically they were having a problem with my web browser IE and in an email told me to try Firefox. I retried to sign up one day later and the problem was fixed.

I've been using OANDA more than 2 years. They used to be good. But now they've lost their faith. The server is still unstable and slippage at news time is horrible. The worst thing is actually slow order fill even at normal time. It's so annoying. It's still not bad to use them during normal time because of tight spreads but you can't hold positions for long time since their spread widen so much (20 or even more) and it causes hitting your stop loss or limit order easily during the news time. I'm using them to check many different currency pairs mainly now since you can place chart windows as many as you want. Another good thing is you can open order windows as many as you want as well, so you can prepare many orders in advance. I hope they improve their service not to fall into dark side like now.

I find the platform to be very simple and lacking the bells and whistle but a big positive is the interest they pay on your account and the flexibility of the leverage you use and the size of your trade from $1 up to? I have had no reason to doubt their honesty and integrity.

Hi erverybody, I 've been trading with Oanda now for 1.5 years.

I think it's time that Oanda moves up from an overall two star rating on Felix's broker review site to a three star rating. Well, it has been said before: Oanda is not perfect but I think it's still one of the better broker out there. I have traded paper and live and all I can say that I really like their trading platform. I can't understand why other brokers (like dukascopy) have a five star rating. I think their trading platform is hard to use and I certainly would perfer the one from Oanda. There are still points Oanda can improve like automatic trailing stops, some more sophisticated indicators, less slippage etc) but I think traders can trust putting money in an Oanda account. The support is great and the spread is the tightest in the industry. I give Oanda a 5 star rating and hope it moves up the list.

Let me start by saying I think Oanda is probably better than most of the other brokers out there. They deposit and withdraw your monies quickly and efficiently. They have good spreads (except for the manipulation, which I will explain in a second). Now for the dirt... Their platform sucks. They do not have trailing stops. And I'm not a computer programmer, but It would be nice if a programmer could disect their platform to see if Java and the price quotes are being manipulated. I've been with them for about 8 months now, and have done several hundred trades, side by side with a MT4 platform. It seems that when the price action is going against you, it moves very quickly most of the time, when it moves in your favor it slows way down. This is very subtle. When it moves in your favor, it seems to always stop at break even; and only continues when there is a large (ie. 3 or 4 pips) movement. Or it will move a paultry .2 or .4 pips. I think they have manipulated this to discourage scalpers:( . Also, when you are buying, the price consistently stays 1 or 2 pips above other platforms, And when you sell, Yep you guessed it, the price magically stays even or 1 pip lower. You may think I'm paranoid, but I'll tell you, sitting and staring at my computer screen for hours and hours every day has yeilded these observations. When you click your mouse button, sometimes it takes a few seconds to close the position. This gives Oanda, enough time to "snatch" a pip or two also. I think sometimes that this is a reality of the market. But I also think that the brokers take advantage of it. It might just be a few pips to us, But with the "millions" of transactions they have every day; it adds up to some BIG BUCKS my friends.

Two years of work on the real account. Sometimes there are breakages of communication.

I am not a News trader. Used oanda for two years. Yes, yes, oanda is great BUT they have massive problems with platform connectivity and you can expect to lose connection frequently throughout every day, especially whenever there is a sudden big move (not just at News time). Just read through all the reviews here over the past year and note how many other people have reported the same problem. I have feeds to several brokers open on different computers simultaneously. Oanda disconnects, the others don't. What does that tell you? Oanda will tell you it is your computer problem/your ISP/your internet issue. BS. Is it deliberate or technical? I think they have a big technical problem with their platform. They are trying a new Beta version now (started April). I can tell you that the connectivity problem persists with that too. If they could solve this problem I would give them 5 stars. In the meantime trading is a huge risk with them, especially for scalpers. Very stressful, very dangerous.

i have been using oanda for about four months and i would recomend it to anybody. It is great to take many trades with small profits. The offer promt executions wich is owesome!! If any of the guys from oanda read this please all you guys have to do right away to be the best is to better graphs a bit