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Getting more profit is one of the considerations for forex traders to choose a broker. If you choose to trade with Broker Oanda Corporation, you will reap the benefits.
Oanda Corporation or known as Oanda Broker is a currency brokerage company based in San Francisco, United States. This international brokerage company began operating in the world of currency trading since 1996.
Interestingly, this broker has many branches, which are scattered everywhere. You can find it in the UK, Singapore, Japan, Canada, and others. Unfortunately, this broker does not have a branch in Indonesia yet.
Broker Oanda Corporation can be considered a trusted brokerage company because it has obtained permission from international regulators. In fact, each branch also has a license. Observed, Oanda Corporation is registered with the CFTC and the NFA of the United States (NFA # 0325821). Meanwhile, Oanda Asia Pacific Pte. Ltd. regulated by the Monetary Authority of Singapore (CMS License No: CMS100122-4) and holds a commodity trading license in Singapore (Commodity Agent License No: OAP / CBL / 2012). For Oanda (Canada) Corporation, ULC is registered with the Canadian Investment Industry Regulatory Organization, Oanda Europe Limited is regulated by the UK FCA (# 542574), Oanda Japan Inc holds a type 1 license from JFSA Japan and is member of FFA Japan (# 1571), and Oanda Australia Pty Ltd has also obtained a permit from ASIC Australia (ABN 26 152 088 349, AFSL No. 412981).
Main advantages of Oanda Broker
The security of this account is guaranteed, because it has strict trading rules unlike other brokers. For example, Oanda Broker only allows leverage of up to 1:50 according to the US and Japanese rules, which do not allow leverage above that figure. The account registration procedure is even more complex with several additional requirements that are not requested by most forex brokers.
Broker Oanda is known as one of the modern forex brokers, with its unique platform, fxTrade. The tools provided by the platform have also been widely used by world-renowned traders and analysts.
Other advantages
Another added value of Oanda Corporation Broker is Oanda Technical Analysis, which collaborates with a company that provides technical analysis, Autochartist. This feature will monitor price movements without stopping. This feature automatically recognizes the patterns created on the chart and sends alerts to traders when the pattern they are waiting for appears. This technology is accessible to all Oanda customers free of charge.
Beginning traders with limited funds can also practice using the demo account provided by this broker. Unfortunately, this broker is less in favor of traders with small funds.
Oanda Broker Company Profile
Runner’s name: Oanda.
Corridor type: STP.
Website: www1.oanda.com.
Company: Oanda Corporation.
Founded in: 1996.
Headquarters: San Francisco, United States of America.
Regulator: Oanda Corporation is registered with the CFTC and the United States NFA (NFA # 0325821), Oanda Asia Pacific Pte. Ltd. regulated by the Monetary Authority of Singapore (CMS License No: CMS100122-4) and holds a license of commodity trading in Singapore (Commodity Agent License No: OAP / CBL / 2012).
Customer service: available 24/5.
Website language: English, Japanese and Chinese.
Deposits and Withdrawals: Paypal, Bank Transfer, Credit and Debit Cards.
Expert analysis: available.
Partnership program: available.
Educational content: available.