Oanda Broker Review
If you listen to business news, you will hear about traders profiting from the shifts in the stock market or benefit from movements in foreign currencies. These days, cryptocurrencies are also a hot topic after they helped traders in making huge returns last year. Wouldn’t you want to be part of this world? After all, you can get started with a minimum investment and still reap high profits, as long as you are smart. How do you get started? You need to find a trading platform first and there is no shortage of options in the market. However, Oanda is the one trending these days.
The problem is that its newness is often considered a disadvantage, but the truth is that even though it hasn’t been around for long, Oanda has rapidly gained recognition. This is primarily because it has a wide array of benefits to offer and has become an all-in-one solution for traders. Some of the top notch features that traders can find at Oanda are:
Access to multiple trading platforms
The good thing about Oanda is that you can choose between three trading platform options on it. You can start trading in global financial markets through mobile applications or you can also become a web trader. There is also the option of using MetaTrader 4, which also comes with its own mobile and web version for the convenience of traders. This makes it an excellent choice for both new and skilled traders.
A number of payment methods
Oanda is aiming at providing its users with the utmost comfort and convenience and this can be seen in the form of the payment methods it offers. Whether you want to make a deposit or a withdrawal, you can use credit or debit cards or bank transfer for that matter. There are 20 digital methods also available, but details have not been provided regarding them as yet. Blockchain transfers are also an option because Bitcoin deposit options are available on some account types on the platform.
Trading in a plethora of markets
One of the best things about Oanda is that it gives traders the chance to venture into various markets and all through a single platform. The name of this trading platform might be a bit misleading as traders assume it is only catering to those interested in the forex market. But, this is not true. At Oanda, you are exposed to global financial markets and you can start trading stock, indicates, forex, commodities and even cryptocurrencies through this trading platform. What more could any trader want?
Choice in account types
When you decide to sign up on Oanda, you will have the option of choosing the kind of account you want to open. The choice of account type can depend on a trader’s experience level as well as the risk they are willing to take. There are low risk account options such as Beginner and Silver that don’t require a huge minimum deposit from the traders, making them ideal for those who are just getting started and don’t want to risk losing a lot of money. There are also Gold and Platinum accounts that are primarily made for experienced and skilled traders and require substantial investments. They also include innovative features and software that can be used by those with extensive knowledge and experience.
Excellent and reliable customer service
No matter what product or service a person is availing, they put a lot of emphasis on the customer support offered. Sometimes, buying decisions are made solely based on the quality of customer service provided. Keeping this in mind, Oanda has implemented a robust customer support system that can be used for getting in touch with them round the clock. It doesn’t matter what day or time it is; traders can reach out to them via call, email and text message as well. The agents on the other end are also friendly and dedicated to providing meticulous and accurate answers that can resolve any problems the traders may be facing. They can provide the necessary guidance, whether in regard to the platform itself or the market.
A comprehensive security structure
One of the greatest risks of trading online is that your private and financial information is vulnerable. When you input this data on a platform, it could be accessed by third parties by hacking the platform and this is one reason why lots of traders hesitate when giving out their information. Oanda is aware of the importance of security and have used the expertise of security professional to create strong security policies and use the highest level of encryption to prevent any illegal and unauthorized data access.
The user-friendly interface
The biggest problem associated with renowned trading platforms is that they have a complicated interface, which can be tough to understand and use. There is a learning curve and it can take traders time to overcome it. This is not something you have to do with Oanda. It has a user-friendly and simple interface that can be navigated with ease by both new and professional traders. From making an account on the platform, making trades to depositing and withdrawing money, everything is quite straightforward and you can get started immediately. Support for various languages other than English is also provided for the benefit and convenience of traders of more than 75 countries.
The availability of educational materials
The existence of knowledge can make all the difference between a successful and unsuccessful trader. Those who have the required education are able to make the right decisions that can help them in making profits while others will suffer due to their lack of trading knowledge. Oanda can aid traders in expanding their knowledge by providing them access to in-depth material in the form of webinars, videos and e-books covering different trading markets and topics.
All these features combined make Oanda a smart choice for traders who want a reliable trading platform.