OANDA Forex Broker Review

OANDA, a company that provides online forex trading and currency information to both individuals and businesses, is headquartered in New York City. Incorporated in 1996, OANDA was launched by Dr. Richard Olsen of The Olsen Ltd., a leading econometric research and development firm, and Dr. Michael Stumm, a professor of Computer Engineering at the University of Toronto.

In the year 1997, OANDA became an online-based business-to-business application service provider (ASP). Then in 2001, OANDA launched FXTrade – a system that offers completely automated online currency trading. The FXTrade platform allows users to interact with the OANDA FXTrade system. Traders can review current currency amounts, analyze currency exchange rate changes, review past forex transactions, and demand buy and sell requests.

In order to avoid frauds and scams make sure that the broker you deal with is regulated in their country of operation. Our trusted forex broker section will assist you in finding a broker that suits your needs.