OANDA uses innovative computer and financial technology to provide Internet-based forex trading and currency information services to everyone, from individuals to large corporations, from portfolio managers to financial institutions. OANDA is a market maker and a trusted source for currency data. It has access to one of the world's largest historical, high frequency, filtered currency databases.
OANDA was founded on the belief that technology and the Internet would globalize the marketplace, creating an unprecedented need for currency-related products and services. Today, the global forex market trades over $2 trillion/day (30 times larger than NASDAQ and NYSE combined), with online retail trading a rapidly growing part of that market. We estimate that over 20% of the world's online spot forex transactions take place on OANDA's servers.
Travellers go to OANDA.com for daily and historical currency tools and simple conversions.
Businesses, including the big four auditing firms, depend on OANDA foreign exchange rates as the authoritative source of foreign exchange data for back office operations, web applications, and other uses.
Forex traders use OANDA's leading FXTrade platform for real-time executable pricing, the tightest spreads, immediate settlement, continuous interest payments, and no trade minimum.
Financial Institutions use OANDA's white label solution to adapt FXTrade technology to their own needs.
Portfolio managers depend on decision support and risk management tools, news services, and FXManager, the trading interface for multi-client trade execution and reporting.
Educators and students can better understand forex through forums, contests, tools and other resources.
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).
For more information, visit the OANDA website.
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.
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Enable FXGlobalTransfer for your OANDA account. Receive the same spreads on money transfers as you do in your forex trades!
Sign up for FXGlobalTransfer to receive the same low spreads as professional currency traders on your money transfers. You will also gain access to FXTrade, OANDA's innovative currency trading platform.