Oanda Forex
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.
OANDA FXTrade offers all traders tight spreads with no discrimination. On FXTrade, everyone gets exactly the same spread regardless of account size, trade size or type of customer.
The smart trader pays close attention to spreads, because they are the cost of trading. On a trading platform like FXTrade, there are no other costs or commissions to be paid.
Understanding OANDA’s Spreads
- OANDA is committed to offering our traders the tightest spreads possible under normal market conditions.
- During non-standard trading hours (such as the weekend), spreads are widened to reflect illiquidity in the market.
- During periods of high volatility (such as news events), spreads can be temporarily widened to reflect liquidity issues in the market.
OANDA is committed to transparency in the forex market.
We work to eliminate the hidden processes in pricing and execution that exist elsewhere in the forex market. We aim to give you the information you need to determine the outcome of your trades. To this end, OANDA offers unrivalled price and spread transparency to all forex traders.
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