Oanda Trading Platform – Review, Top Features, Set-up Process, Benefits & more
Check out all details about Oanda Trading Platform here.
A trading platform is necessary for all professional traders who want to trade in stocks or forex marketing. Oanda has developed a Trading Platform to help all its users trade easily.
This platform is suitable both for expert and beginner-level traders. This trading platform has a lot of exclusive tools and instruments that make trading easy for users.
The user interface is pretty simple and can be customized according to the needs. This trading platform can be accessed from desktop, mobile, or any web-based browser.
In this article, we would be discussing the features and the advantages of the Oanda trading platform.
About Oanda Trading Platform
Oanda is an American Trading company that was established in 1996.
The company performs a lot of services that include currency conversion to providing FX trading services for the businesses that are registered with them.
They provide a global online brokerage service for all the individuals who want to trade in the retail FX and CFD market.
The company is regulated and monitored by top tire authorities like the US Commodity Trading Features Commission, The National Futures Association, and the UK’s Financial Conduct Authority.
Oanda has ranked second in The United States in terms of customer funds.
The company accepts US clients only for forex trading and is registered with CFTC, NSA (US), and FCA(U. K.).
The company promises a wonderful web trading experience and advanced research facilities.
Get Free Access to Platform – Open a Forex Account Now!
Oanda Trading Terminal – Top Features
Here are various features of Oanda Trading terminal –
The Oanda online trading platform allows all its traders to analyze the Forex Market using 100 tools like chart types, overlays, indicators, and other drawing tools.
From the advanced trading charts, you are allowed to place, monitor, close trades, and edit trades.
With the help of technical analysis, you can identify all your trading opportunities by referring to the technical chart pattern plus the support and resistance level.
You can search for opportunities using the customized search options that are based on historical pattern quality, pattern type, time frame, and the type of instrument.
Keep track of the market news
You are allowed access to up-to-date market news and market analysis and insight with your web browser.
The news would be from trustable and notable sources such as Dow Jones international, Oanda Marketpulse free, and 4CAST.
Manage your account on the go
You can simply control and monitor your account while using the Oanda web trading platform.
You can easily deposit and withdraw funds from your live trading account using the trading platform.
Depth of the market analysis
The MT 5 trading platform has a plugin that is built-in for Oanda.
This feature helps you to trade in large sizes in a single transaction.
You can also view the pricing and spread charges for larger sizes.
Improve your charting experience with AutoChartist
You are allowed to scan and analyze the intraday markets with the use of an automatic chart pattern recognition tool.
You can also identify the support and resistance level.
Simply download the AutoChartist and use it as an expert advisor and check the trends on the MT 5 charts.
Reliable And intuitive Interface
With MT 4, you are allowed to customize Oanda Trading Terminal according to your preferences.
You are also allowed to access the stability and security of the Oanda Trading Platform from the website.
Trade Directly from your charts
The traders are allowed to choose from the 9-time frames and multiple displays which include five candles per week on the daily NY Close Charts.
The desktop platform also offers trade through various Charts and over 50 built-in indicators.
Push notifications and multiple orders
A wide range is available using MT4. You are allowed to stop, limit orders as well as close by orders.
You will be receiving notifications and alerts on your smartphone or desktop whenever your trades are executed.
How to Set-up Oanda Web Trading Platform?
Setting up the Oanda web Trading Terminal is quite easy. So to set up the terminal, you must follow the steps given below.
- The Traders who wish to set up the Oanda web Trading Platform have to register themselves with the company and then open a trading account.
- Then, you will have to select the web trading platform on which you want to start sending.
- Now, visit the official website of Oanda and download the terminal app.
- After downloading the software, run the installation wizard. When the installation is complete run the application.
- When the application opens, you will see a login screen. Here you will have to put in the username and password that the company provides after you register with them.
- After successful login, you can use all the instruments and start trading easily.
How to Use Oanda Online Trading Platform?
In this part, we would be discussing how to use this Oanda Trading Platform.
- The first step would be to register yourself as a trader with the company by opening a trading account.
- Now, You will have to visit the official website of Oanda and click on the open account button. Here, You will need to fill in all the necessary details in the application form correctly.
- After successful submission, you will be taken to the verification page. On this page, the EKYC verification process would be continued. Here you will have to upload a scanned copy of a government authorized identity card to verify your identity.
- After successful verification, the company would open your training account and send you the login details using email or phone numbers. No, download the Oanda trading terminal and login with the credentials.
Advantages of Oanda MetaTrader 5
Some of the exclusive advantages provided by the Oanda MetaTrader 5 are:
- The company accepts US clients.
- The Trading firm is registered with FCM and RFED with the CFTC and is also a member of NFA.
- The platform has a lot of relevant tools and resources.
- The company offers superior research offering with economic analysis, real-time news, calendars, and advanced data analysis.
- The Forex fee is pretty low.
- The first withdrawal via debit or credit card is free.
- The trading platform is fully digital and there is no minimum deposit.
- A trading account is provided with every trading account where the traders can practice trading as long as they want with virtual currencies.
- Oanda Trading Terminal has a user-friendly interface and there is a clear Fee report.
- The trading platform also provides a two-step login which is much safer and secure.
Oanda Trading Platform – Conclusion
Oanda Web Trading platform is well-known to most experienced traders and is also popular among beginners.
Forex Trade along with superior research and analysis features offers a wonderful trading experience and is well preferred by most of the traders who want to trade in the retail foreign exchange market.
Oanda Trading Platform – FAQs
Here is the list of FAQs related to the Oanda trading platform:
What is the Oanda Trading Platform called?
Oanda Corp provides two types of trading platforms; MT4 and MT5. MT5 is an updated and improvised version of MT4.
Does Oanda provide Web Trading?
Oanda provides a web trading experience to all its traders who want to start trading using web browsers via Mobile or desktop.
Using the trading terminal is pretty easy as no extra software has to be downloaded to access your accounts.
Is Oanda Trading Platform Free to use?
Oanda Web Trading Platform can be downloaded without any cost from the official website and is also free to use.
The company does not even charge any amount at the time of registration or verification.
How to download Oanda Trading Terminal?
The Oanda Trading Terminal can be easily downloaded from the official website of the company.
You can also search for it on Google and download it from there.
Some third-party websites also offer the download link to the application.
What features does the Oanda Online Trading Platform have?
Oanda trading terminal provides a list of exclusive features. Some of which are:
- Advanced MT4 and Improvised MT 5 Trading Terminal
- A free DEMO account to practice unlimited trading.
- Secure 2 step Login.
- EKYC Feature for verification.
Can I trade in Shares via the Oanda MetaTrader 5?
The traders who have registered themselves with the Oanda Trading Platform are allowed to trade in shares.
Before trading in shares, you will have to open a different trading account.
You will also need to get in touch with the company to avail share trading benefits.
Is Oanda Trading Terminal good?
The trading terminal uses the best trading platforms like MT4 and MT5 to help all the users in the trading process.
The exclusive features allow all its traders to trade in forex and other CFDs.
Can the Oanda MT5 be used without EKYC?
The EKYC is essential to verify the users before the trading process.
After you have successfully registered, you will need to submit a scanned government authorized identity card copy to verify your identity.
Does Oanda Trading Platform provide Tips?
Along with all the features available in the Oanda Trading Platform, the company also provides expert tips on the process of trading.
Video sessions and chat sessions are also available to educate the traders and help them in trading.
How to Buy Currencies via Oanda Web Trading Platform?
Once you have registered yourself with the company, and have successfully verified yourself you will receive the login credentials.
After logging in, remember to monitor all your currency pairs, select an investment plan, strategize your investment and start trading.
Get Free Access to Platform – Open a Forex Account Now!
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