forexbroker.ae logo

Forex Broker AE

OANDA Review: Is this broker legit, safe and trustworthy for UAE citizens and residents?

OANDA - American broker that is now spreading its wings. It was just a currency exchange and money-transfer service for years, but then out of nowhere moved into online retail forex trading to challenge the rise of Forex.com. So far, they have done well for themselves with rapid growth in many countries.

Yes, this broker's official website and app are legit, safe and trustworthy for UAE citizens and residents.

OANDA broker has decent reviews on Reddit and Quora, including satisfactory ratings on sites like Trustpilot. Thus, overall this broker is considered reliable for online trading of currencies, cryptocurrencies, CFDs and stocks.

This is OANDA Europe Limited, which was created in 1996 and licenced and regulated by the United Kingdom's Financial Conduct Authority (FCA). Additionally, the OANDA Corporation is subject to regulation by a number of different countries and jurisdictions including the United States, Canada, Australia, Singapore, and Japan.


Standard and Premium trading accounts are available from the firm. OANDA Trade, the broker's award-winning proprietary trading platform for desktop, web, and mobile as well as MetaTrader 4, is available for both accounts around the clock, five days a week. It allows traders to trade currency pairs like the USD, indices like the DAX, metals like gold, and commodities like oil.

Trading tools and educational resources provided by OANDA include AutoChartist, an order book and MT4 open order indicator; webinars, events and MarketPulse for the most up-to-date market information.

With the Financial Conduct Authority's approval and oversight of OANDA Europe Limited, the company maintains a high degree of security and safety.

In addition to Forex, Indices, Commodities, Metals, and Bond CFDs, OANDA provides customers with access to more than 150+ CFD products.

It is possible for OANDA customers to trade on more than 150+ products ranging from currencies to metals to commodities to bond CFDs.
Tweets by OANDA
There are a number of factors that affect trading expenses, including spreads, fees, and overnight financing (swap) rates.

It is possible to open a Standard or Premium account with OANDA. Each account has its own set of options and advantages. Open a free demo account for users.

Standard and Premium trading accounts are two of OANDA's options for traders. The Premium Account has limitless free wire transactions, while the Standard Account has a limited number of free wire transfers.

Users may establish an account with the broker in just three easy steps, according to the broker. Filling out the account application is the first step, followed by verification of your identification and address and finally, the financing of your new account..

The Start Trading button on the broker's website is all that is needed to get the programme up and running. Applicants will be guided through a five-step procedure that begins with a request for contact information after clicking on the "Apply today" button.

During the application process, if you have any questions, you may call or chat with a representative.

Users will be required to present evidence of identification and proof of address papers in order to authenticate their identity. To access your OANDA fxTrade account, follow these five simple steps. The application process may be resumed if you log back in if you have to interrupt it midway. Open OANDA desktop or online trading platforms, complete applications, create new accounts, and much more through the fxTrade Account site.

In addition to credit and debit cards, PayPal, and wire transfer, OANDA allows customers to deposit money without a limit.

In addition to credit and debit cards, bank wire transfer, and PayPal, OANDA allows customers to deposit monies. Deposits using Visa and MasterCard-backed credit and debit cards are free and quick. Depending on your bank, a wire transfer might take one to three business days to complete and may include fees.

PayPal charges a fee for deposits and might take up to one business day to process.

In order to make a withdrawal, you must go to the Manage Funds page in your OANDA fxTrade Account interface and choose the deposit source. Depending on the withdrawal type, processing timeframes might range from 1 to 6 business days. The broker's website has further information on deposits and withdrawals.

OANDA Trade, a web-based, desktop, and mobile trading platform, as well as MetaTrader 4, are all options for trading with OANDA.

OANDA Trade, the broker's online and desktop trading interface, is as feature-rich as the MetaTrader 4 platform that OANDA offers its customers.

Mobile trading is also possible via OANDA's OANDA fxTrade app, which is available for both Android and iOS.

Trading on the go has never been easier with OANDA's native OANDA fxTrade app, available for both Android and iOS devices. The broker's website or the Apple App Store or Google PlayStore may be used to download the app.

For MT4 users, OANDA offers the Open Orderbook MT4 indication, which displays the total number of open orders from all of OANDA's clients on a single chart.

In terms of trading tools, OANDA's fxTrade online and desktop interfaces are packed with options. Other trading tools are available, including an Active Orderbook indicator, which displays all open orders from OANDA clients in real-time on an MT4 chart.

Spreads and swaps are the most significant components of OANDA's trading expenses, although other factors also play a role (overnight funding charges).

Spreads and swaps are the major sources of OANDA's trading expenses, which vary based on the market being traded (overnight funding charges). In the trading interface or on the broker's website, you may get further information.

Dedicated daily financing expenses (swaps, overnight funding) for various instruments may be seen on the broker's dedicated website as well.

Due to ESMA restrictions, the broker does not presently provide any bonuses or promotional incentives.

The OANDA Virtual Assistant, which is available in several languages and has been tested to ensure its usefulness, provides customer help in the form of a FAQ area. There is also the option to chat to a real person.

Market hours are a good time to reach out to customer service. The OANDA Virtual Assistant, which is available in different languages, is the initial step for new customers.

Impressive is the virtual assistant. If the problem isn't fixed, the assistant will connect you with a real person.

OANDA's MarketPulse website offers a wealth of information for traders, including articles, technical analysis, news, and an economic calendar.

MarketPulse, an amazing OANDA website devoted to trader research, is available. For those who are interested in macroeconomics, technical analysis, Forex news, and an economic calendar are just a few of the subjects that can be found here.

OANDA has a broad variety of educational resources for traders, including articles, videos, seminars, and events.

An astonishing number of articles and videos for novice and expert traders are available from OANDA. These include subjects such as how to get started and managing your money.

A live classroom is also available via webinars and events, which encompass live market analysis, the fundamentals of trading, on-demand learning, and premium webinar series.

The OANDA fxTrade Desktop platform is one of OANDA's most popular trading platforms. Only two sorts of accounts are offered by the company, making it simple and clear. Forex, indices, commodities, metals, and bond CFDs are just some of the markets available to traders.

OANDA's trading platform is easy and clear, making it suited for both novice and experienced traders, according to our findings. Standard and Premium trading accounts are available to users.

The OANDA fxTrade Desktop and Web interfaces offer an exceptional trading environment, despite the fact that trading charges such as spreads are not the lowest in the industry. Additionally, the OANDA Open Order indicator may be accessed by users, as well as other useful indicators.

One of my favourite features of the OANDA Virtual Assistant was its ability to assist traders with their trading needs.

Forex and CFD broker OANDA also provides corporate clients with Forex solutions and currency conversion services. In addition to MetaTrader 4, traders may use the broker's unique trading platform for desktop, web, and mobile devices, as well as the broker's own MetaTrader 4 platform.

This is OANDA Europe Limited, which was created in 1996 and licenced and regulated by the United Kingdom's Financial Conduct Authority (FCA). Additionally, the OANDA Corporation is subject to regulation by a number of different countries and jurisdictions including the United States, Canada, Australia, Singapore, and Japan.

Standard and Premium trading accounts are available from the firm. OANDA Trade, the broker's award-winning proprietary trading platform for desktop, web, and mobile as well as MetaTrader 4, is available for both accounts around the clock, five days a week. It allows traders to trade currency pairs like the USD, indices like the DAX, metals like gold, and commodities like oil.

Trading tools and educational resources provided by OANDA include AutoChartist, an order book and MT4 open order indicator; webinars, events and MarketPulse for the most up-to-date market information. In addition, I found the OANDA Virtual Assistant to be extremely beneficial.

Traders may trade more than 70 currency pairings with OANDA, which provides commercial and conventional access to the foreign exchange market. A large number of indicators and charting tools are available for advanced users, while a straightforward and user-friendly interface is provided for those just getting started.

It's not possible to save for retirement or trade stocks on OANDA, since the site focuses only on the FX market. Forex trading is where the broker excels, but it could do with improving its client service and lowering its costs.

The platform is simple to use. Chart types, indicators, and overlays are all available on OANDA's trading platform. As a result, it's a great option for both new and seasoned traders.

Full-featured app for smartphones and tablets. No charting or trading features are missing from OANDA's mobile app. Tablet users may download a specialised app.

It is possible to find educational resources in a variety of languages. German and Mandarin speakers will appreciate the fact that OANDA's webinars and training films are also accessible in those two languages, as well as American English.

OANDA is a forex broker that charges variable spreads rather than a flat-rate fee for its services, which is how it earns its money. OANDA's platforms typically display two exchange rates for a currency pair: a "buy" rate and a "sell" rate. A bid and an ask exchange rate may be found at these points in other forex brokers' rates.

The "buy" rate represents the highest possible rate at which OANDA is willing to purchase that currency pair from you, while the "sell" price represents the lowest possible rate at which OANDA is ready to sell that currency pair to you at the moment.. The "dealing spread," or price difference between buying and selling, is what OANDA uses to offset the cost of completing your transaction. Depending on the current market circumstances and the currency pairings you're trading, dealing spreads might change.

OANDA's dealing spreads, like those of other forex brokers, might alter over time. However, the broker does a fantastic job of informing traders about the existing spreads and how they're evolving. It's easy to see exactly how much money you'll lose on each transaction with OANDA.

To assist you find possibilities, the broker provides a Percentage Change function that shows you whether the exchange rates of the currency pairings you're viewing are growing or declining.

For US-based customers, OANDA provides a leverage ratio of up to 50:1. Deposit requirements for margin trading may range from 2% to 10%, depending on the currency pair.

Wiring money from your OANDA account to your bank account may involve a cost, depending on the base currency you choose and how many withdrawals you make. The Advanced Trader programme waives these costs for individuals who qualify.

If you haven't traded for 12 months, OANDA levies a monthly inactivity fee of 10 units of your base currency each month. There is a penalty for non-execution of trades after 12 months if your base currency is the USD, and you incur a fee.

You will no longer be charged OANDA's bank account inactivity fees if your forex trading balance falls below 0. Compared to comparable brokers, this inactivity cost is more stringent. After a period of 24 months, IG, for example, starts to charge inactivity fees.

OANDA's regular trading account requires no initial investment of any kind. If you want to join OANDA's Advanced Trader programme, you'll need to deposit $10,000 into your account.

The MT4 open order indication, for example, is only available to Advanced Traders. They also get priority support, a personal relationship manager to assist them with any issues or queries that may arise, and unlimited free wire transfers.

OANDA's regular trading account requires no initial investment of any kind. To start a premium business account, you'll need to put down $20,000 in cash. In addition to a more comprehensive set of trading tools, those with a premium account have access to a dedicated account manager who can help with any issues that arise.

Even novice forex traders may benefit from OANDA's desktop interface, which is comprehensive and user-friendly. OANDA's comprehensiveness and friendliness may be seen in three distinct ways.

Intuitive and easy to use: OANDA's onboarding process is simple and straightforward. Your bank account information is linked to your identification documents through a secure webpage. For the vast majority of traders, the process of opening an account will take no more than 10 minutes.

OANDA's native trading means that you won't have to switch between several charts and order windows when you trade. On the same page, see exchange rates, chart your currency pairs of choice, and trade them.

Inexperienced forex traders will like the platform's user-friendly architecture and easy candlestick and line charting tools. The platform's complex charting features, such as Renki and Kagi charts, would be appreciated by more experienced traders.

Forex traders may choose from a wide range of charting solutions to suit their own preferences.

Create your own layouts. Additionally, OANDA provides skilled traders with a high degree of customisation, which is particularly advantageous for those who already have a preferred method of monitoring the forex market.

You can open numerous windows to monitor currency pairings, establish different workspaces, and adjust the tools to suit your level of expertise with only a few mouse clicks. To compare numerous currency pair charts on a single screen, just drag & drop windows between one another.

Trade Performance Analytics from OANDA can assist you in setting up the perfect trading environment by tracking and remembering your trading habits.

It would be nice to see additional alert tools from OANDA despite the fact that the broker's platform is extensive and easy to customise.

If you're interested in learning more about OANDA's various features and the forex market in general, you may take advantage of a number of the company's unique educational and trading resources. For beginner traders, OANDA has put together a few educational resources.

OANDA's one-stop shop for currency market news and developments is MarketPulse. In-house professionals at MarketPulse write a broad variety of articles and news stories. Everything from current political and economic happenings to price movement patterns and more may be found online.

Articles on technical and fundamental analysis are also available on MarketPulse, however these articles are geared at a more seasoned forex trader. These will pique the interest of more experienced traders.

Do you like to study on the go? It's also possible to listen to MarketPulse's Business Breakfast podcast, which is updated on a daily basis or more often. For those just starting out in the forex market, MarketPulse may need some work to make the site more user-friendly and more organised.

There is a wealth of information for beginner FX traders in the OANDA Classroom. OANDA has a wealth of educational content on forex trading, including how to read various kinds of candlesticks, how to use OANDA's interface to place orders, and more.

New forex traders will enjoy the straightforward guidance, conversational tone, and useful visual tips and charts in the educational articles, which are intended at novices.

OANDA provides live webinars and video tutorials if you want to study in a classroom setting.

The concepts of risk management and some of OANDA's most important technical indicators and charting tools are covered in a series of live video webinars. In addition to English, German, and Mandarin, video courses are offered.

However, you must be logged into your OANDA account to access the webinars and premium video courses that are available.

Three ways to get in contact with OANDA's customer support staff are available to you.

From Sunday at 1 p.m. through Friday at 6 p.m. ET, call (877) 626-3239 for toll-free customer care.

Send an email to frontdesk@oanda.com to get in touch with OANDA's customer care staff. Support by email is accessible around the clock, seven days a week.

Messages may be exchanged in real time. Using OANDA's live chat tool, you may get in touch with a member of the company's customer support staff by clicking and filling out a form describing your issue. From Sunday at 1 p.m. until Friday at 6 p.m. ET, live chat is accessible.

For the time being, OANDA does not have a dedicated customer care line for those with hearing difficulties.

OANDA makes it simple for investors to get started in the forex market. OANDA presently offers narrow spreads on 70 different currency pairings, as well as 10 different chart formats.

Over 50 indicators are accessible on OANDA's desktop trading platform, making it both strong and user-friendly for newcomers. With a leverage ratio of up to 50:1, traders in the United States may trade any currency pair. OANDA's relationship with TradingView makes social trading possible.

Since OANDA doesn't presently provide access to the stock or option markets or futures and/or cryptocurrency markets, OANDA isn't a one-stop-shop for all of your trading and investment requirements. However, OANDA's range of tools is sure to amaze you if you're seeking for an entrée into the currency market.

OANDA's mobile platform is an extension of its user-friendly desktop platform. In terms of trading functionality, OANDA's mobile app is identical to its desktop platform. Some of our favourite features may be found on the mobile app.

The ability to chart in its entirety. OANDA's mobile interface matches all of the desktop version's features, including charting. More than 50 technical indicators and charting tools are at your disposal, as well as more than 32 overlays that may be used to further improve your trading experience.

Analyze your results. Using OANDA's performance statistics, forex traders can keep track of their wins and losses over time. Analyze your overall and average per-trade gains and losses, as well as a variety of other metrics, to fine-tune and improve your trading approach over time.

Quick access to the latest market information. As well as current happenings, OANDA's market news stream provides analysis from market analysts. Check how recently each story was published by refreshing your news feed. On the smartphone app, there is also an economic calender with future market events.

The OANDA mobile app may be downloaded for free on Android and Apple devices.

OANDA is a well-known and well-established online forex broker providing a strong trading platform for both novice and experienced forex traders. OANDA's desktop interface has a large variety of charting tools and indicators, while the mobile platform has no functional limitations.

Over 70 currency pairings are available for trading, which is usual for U.S.-based brokers. In addition, TradingView provides a wealth of training materials and social trading assistance for those just getting started in the world of online trading. Advanced charting tools and free overlays are just a few of the enticing extras available in the desktop and mobile programmes for power users.

You don't have to use all of OANDA's services to meet all of your trading and investment requirements. It's not the place to put your money if you want to save for the future. The easy-to-use OANDA interface is a terrific place to start if you've ever been interested in forex trading and the forex market.

A company called OANDA, which was created in 1996 by Dr. Stumm and Dr. Olsen, claims to be able to handle "all things currency," including currency conversions, FX data services, and an online brokerage service for retail FX and CFD traders from across the world.

Standard and premium accounts are accessible from OANDA, and the product catalogue provides a broad selection of CFD and spread betting options across a number of different asset classes. However, not all of these products are available in every location that OANDA serves. Traders may trade indices, metals, commodities, and bonds in addition to foreign exchange at this broker.

Account protection varies based on the location of the OANDA account holder. ESMA-mandated negative balance protection is available from OANDA Europe Limited, while guaranteed stop loss orders are available from OANDA Asia Pacific Pte Ltd. OANDA Corporation does not give any such safeguards to U.S. customers, which makes them the outlier.

"Retail Forex Obligation" is the total amount of funds at an FCM, RFED, or FCMRFD "that would be achieved by combining all money and securities and property placed by a retail forex client into an FCM or RFED account or accounts, adjusted for the realised and unrealized net profit."

OANDA is a top-tier online forex broker because of its transparent website, focus on customer education and research, several user interfaces, and worldwide regulatory monitoring.

In terms of client money, OANDA is a leading FX broker in the United States.

Although solely for forex, OANDA allows U.S. customers and is registered with the CFTC, NFA, and FCA (U.K.).

OANDA's desktop trading platform and research tools are among the best in the industry.

OANDA caters to seasoned traders searching for a top-notch desktop trading experience while also providing access to a wide range of financial products. There is a wide range of products available in different parts of the world. While U.S. customers are limited to trading FX, the broker offers rapid and reliable trade execution, research resources above industry standards, usable user interfaces, and a track record of regulatory supervision that can be independently verified.

The fact that OANDA accepts customers from the United States makes it unique among global online forex brokers in this regard.

The CFTC has listed OANDA Corporation as an FCM and RFED, and the company is also a member of the NFA (Registration Number 0325821).

3 In the United Kingdom, OANDA Europe is licenced and regulated by the Financial Conduct Authority (#542574), and customers have access to the Financial Services Compensation Scheme, which provides up to £85,000 in extra asset protection for them (FSCS).

There are several useful tools and resources, such as Dow Jones FX Select news, on fxTrade, making it an ideal trading platform. In addition, OANDA's desktop and web-based platforms include TradingView, "an excellent financial visualisation tool," which is a significant benefit.

A retail trading platform like OANDA provides a wide range of economic analyses, real-time news feeds, calendars, and complex data analytics that are uncommon to find.

For US customers, OANDA does not provide "negative balance protection." Customers in the United States who have negative account balances may be forced to repay the broker for the funds they've lost.

Customers in the United States and the United Kingdom cannot use OANDA's guaranteed stop loss orders (GSLO).

OANDA's entire CFD offering is much behind its rivals since it does not include any specific equities, ETFs, industry categories, or cryptocurrencies.

Deposits and withdrawals, wire transfers, debit cards, and ACH transactions all incur costs when using OANDA.

OANDA, like other brokerages, makes money on the spreads it offers to its customers. There are just two price choices for spreads: "spread alone" and "core pricing Plus commission." 5 Customers that make transactions that "cross" the bid/ask spread earn money for the former, while the latter adds a basic fee of $50 per million to the raw spread. A cash adjustment is deposited to a client's account after commissions are accumulated.

For both account types, OANDA provides these pricing choices, which may be seen on the broker's website(s). However, the displayed spreads will differ. A "regular" account with a "spread alone" model displays a spread of 1.3 pips, whereas a "core pricing + commissions" model shows a spread of 0.4 pips for US customers.

OANDA claims to utilise an automated system to monitor worldwide prices, although spreads are still affected by market volatility and liquidity. For all of OANDA's asset classes, OANDA releases historical spread data for all of them.

OANDA's "advanced trader programme" is a three-tiered compensation scheme for high-volume traders in the United States. Being given a "dedicated relationship manager," API assistance, free VPS and wire transfers, and cheap access to third-party platforms are just a few of the perks that come with being part of a larger community. A customer must deposit at least $20,000 or transact more than $10 million in monthly volume to qualify for Tier 1, while tiers 2 and 3 demand monthly volume ranges of $100 million and $500 million, respectively.

Tweets by FXStreetNews
Tweets by financemagnates
Tweets by CoinMarketCap

Customers who seek to create a "basic" account with OANDA are not required to make a deposit, however it stands to reason that the margin requirements of the lowest transaction size the user intends to place will apply to this amount.

Clients with "Premium" accounts must make a minimum deposit of $20,000 in order to take advantage of additional benefits such as free wire transfers and other privileges.

It's a "blend of underlying liquidity providers' tom-next rates, modified by our percent admin fee (annualised)" when it comes to OANDA's overnight FX financing costs.

Fees for deposits and withdrawals, bank wire transfers, debit card and ACH transactions, as well as a monthly inactivity fee "of 10 units of the currency in which your account is denominated when there are no open trades in your account for a period of at least 12 months" are also listed by the broker.

FxTrade, OANDA's flagship product, may be accessed through a desktop (desktop), browser (mobile) or an OANDA mobile application. MetaTrader 4 (MT4), a popular desktop and mobile trading platform, is now available for use on portable smart devices.

Customers may access a variety of trading instruments, complicated order types, and account analytics using OANDA's fxTrade user interface. Charting options are available in both the desktop and mobile versions of Tradingview. MarketPulse and Autochartist technical analysis may be accessed straight from the OANDA platform, although the products will open up on a separate web page. Client emotion is shown in OANDA's "order book" and supply/demand dynamics are revealed in the "depth of market (DOM)." A wide range of tools and resources, such as Dow Jones FX Select news and a variety of calculators, make fxTrade an excellent trading platform.

Charts from Tradingview with more advanced studies and display styles are included in the web-based offering, along with the majority of the downloadable version's functionality. In addition, clients may trade straight from the charts. Additional capabilities include the ability to create custom watchlists, news feeds, and research tools (such as MarketPulse and economic analysis) that may be accessed through a browser.

Clients at OANDA have the option of setting trade defaults based on a certain percentage of leveraged NAV or a sum in their account currency, which is a feature that no other broker provides. There is more trading flexibility and better risk management because of this.

OANDA also partners with third-party suppliers MultiCharts, CQG FX, and TradingView to give customers with "a stronger and more dynamic trading experience." Additionally, BeeksFX, Liquidity Connect, and Commercial Network Services provide VPS capabilities through third-party providers (CNS).

It is possible to connect "take profit" and "stop loss" orders to any of the four basic order types offered by fxTrade. A "trailing stop loss" order may also be used. Stops and limits may be set by price or by pip value, and information such as "pip value," "trade value," and the "margin needed" are presented on the order ticket itself.

If you want your deal to be performed at the market's current rate, this is the easiest order you may use to do it.

a specified price below or above the current market pricing, depending on whether it's a buy or a sale, awaiting order The trader may also choose the order's expiry time.

If you're looking to purchase or sell, the entry point is set at a predefined price above or below the current market rate. The trader may also choose the order's expiry time.

An order in which the trader has the ability to choose a higher or lower limit for the order's execution, but where the entry point is predefined above or below the current market rate. Orders that are quickly cancelled because the market moves beyond the set rate and the upper/lower limit, for example, are not considered valid. The trader may also choose the order's expiry time.

The MetaTrader 4 (MT4) trading platform is also available to clients. Its "expert adviser" plugins provide a wide range of useful features, including sophisticated charting, research, watchlists, and trade automation. Customers that switch to OANDA from another broker will be comfortable using the MT4 platform since it is so well-known in the industry. However, the application's design is a little outdated and some features can be a little cumbersome.

In terms of functionality, the fxTrade mobile trading platform is virtually as powerful as the desktop programme. Mobil devices allow traders to use OANDA's trading instruments, order types, and account analytics. Charts with price overlays, indicators, and adjustable display styles are also available on the mobile platform, as well as the option to trade immediately from the chart. News feeds and economic analyses are also available. Our research and trading experience was able to continue on a mobile interface that felt very much like our desktop platform.

The login page for OANDA's clients is very user-friendly. For example, it allows customers to open interfaces and manage account details, such as adding or removing cash, setting up sub-accounts and passwords, and contacting customer care via numerous alternatives provided.

There are various areas in which OANDA does not have enough diversity to compete successfully in the online broker environment in 2020. The broker, for example, does not offer individual stocks, ETFs, industry sectors, or cryptocurrencies, which limits its total CFD offering to 55, far below its competitors. CFD options may range from 1,000 to 10,000 at other prominent forex brokers, putting this in context

Email support is available around the clock at OANDA. Although the broker advertises "live chat" and phone support as being available from Sunday at 1 PM EST through Friday at 6 PM EST, this is not the case. When OANDA's personnel could be reached through chat or phone, they were kind and helpful, despite the company's general lack of customer service resources.

Additionally, there is a comprehensive knowledge base and searchable archive on the support website, so you should be able to find the answers to most of your queries there. Investors with a lot of expertise and those who are just getting started will likely find this information lacking.

New and seasoned investors alike may benefit from a library of informative films and articles. Webinars on a broad variety of topics are also available and include topics such as market analysis and platform education as well as economic analysis and question-and-answer sessions. Certain minor issues include the usage of inconsistent platforms for photographs and videos, and the fact that some information is out of date in comparison to recent versions of trading platforms. Navigating the educational landscape may be a challenge since not all of it is housed in one location.

OANDA is well-known in the forex market among seasoned traders. A desktop trading experience with fxTrade's better research and analytical capabilities makes it ideal for traders who already know what trading the retail foreign exchange market involves. fxTrade's unique trading platform The broker's declared purpose is to distinguish itself by providing greater transaction execution and transparency, and all evidence indicates to that being the case.

While OANDA's research services are thorough, the content is dispersed over the company's website and platforms, making it difficult to find. It's also remarkable that, despite OANDA's extensive history in online brokerage, the company has so few products to offer in comparison to its rivals. An advantage of being regulated by the NFA/FCA is that extra deposit protection beyond what regulators prescribe is not provided.

As a result, OANDA's openness in pricing, platform technology, and worldwide regulatory monitoring should provide investors with a sense of security. An excellent desktop interface may be found at OANDA for experienced traders.

Learn more about online trading brokers for UAE citizens and residents.

Sites like OANDA in the UAE

Here is a list of top online brokers to open an account for trading Forex, Bitcoin, CFDs and Stocks in the UAE. These brokers have above-average reviews on sites like Reddit, Quora and Trustpilot; and are totally legit, safe and trustworthy for UAE citizens and residents.

The brokers listed on this webpage accept clients from within the United Arab Emirates. Most of these companies provide an online trading platform for fiat currencies (such as Pound Sterling, the Euro, the US dollar, Japanese Yen etc.), buying and selling of cryptocurrencies (for example Bitcoin, Ethereum, Tether, XRP etc.), stocks (this includes listings on Abu Dhabi Securities Exchange, Borse Dubai, Dubai Mercantile Exchange, Dubai Financial Market and NASDAQ Dubai), CFDs (Apple, Microsoft, Amazon, Google, Tesla etc.), UAE government and corporate bonds, and short-term to long-term fixed income securities.

Keep learning about online trading

 

Reviewed by Arpita Singh

Arpita SinghArpita Singh is the main writer at ForexBroker.ae. As a senior investment professional with 10+ years of experience working at top-tier Private Equity and Sovereign Wealth Fund; she is also responsible for fact-checking concepts, reviews, and related details about brokers and exchanges listed on this website. Full Bio.