Review (March 2024)
We do all things currency. with over 23 years of experience in fx solutions and offering a wide range of services, it's important to have a partner you can trust.
84.39M
Estimated Revenue
5.66M
Website Visitors
1.9/5
Trustpilot Score
What do we know about OANDA?
Estimated Revenue (2020)
$84.39M
Total Funding
$140.4M
Total Employees
580
Founded
1996
Industry
Financial Services
Last Funding Date
Venture (Round not Specified) Jan 2015
Location
New York, United States
About
OANDA: We do all things currency. With over 23 years of experience in FX solutions and offering a wide range of services, it's important to have a partner you can trust.
What is OANDA's Revenue?
OANDA's estimated revenue for 2023 is $84.39M.
What does OANDA do?
Everyone at OANDA is focused on our vision to transform how our customers can meet all their currency needs. From our roots in 1996 that provided free currency exchange information to launching a multi-award winning global FX and CFD trading business to our recent new venture of money transfer. OANDA is now a major global player. Innovation has been at the heart of everything we do and our approach is to pioneer intuitive, user-friendly products supported by our great customer service ethos. We've come a long way since our first data feed went live in 1996, and we still have so much more that we want to achieve. Substantial funding has facilitated our exceptional growth. In 2007 we received $100M USD in Series B funding and in 2018 were acquired by CVC Capital Partners Asia Fund IV. For more information, please visit oanda.com. You can follow us on Twitter, Facebook, or YouTube. Leveraged trading is high risk and may not be suitable for everyone as your losses may exceed your investment.
What are the monthly traffic metrics for Oanda?
6/mo Traffic Growth
14.80%
All Time Traffic Growth
Create Free Account
Monthly Hits
6M
Time on Site
2.1Mins
Pages per Visit
4.0
Bounce Rate
50%
How fast is Oanda growing?
Oanda has grown by 2.4% in the last 6 months according to SimilarWeb.
How do people interact with Oanda?
Last month, Oanda received 6M visitors who spent an average of 2.1 minutes on the website and visited 4.0 different pages per session. Overall, 50% of people bounce on the first visit.
How do people find Oanda?
3.8M people (68%) visit Oanda directly. 1.6M (29%) people search for them in Google. Whereas, 41.3k (1%) discover Oanda through Facebook, Reddit, and YouTube. 50.1k (1%) visitors come from Oanda's email newsletters. Finally, 37.7k (0.7%) people come from affiliates and or paid referrals.
Who uses Oanda?
Oanda's top market is the United States and they receive 1M (18.5%) people.Then the 2nd is Germany with 442k (7.8%).The 3rd is is United Kingdom with 357k (6.3%).
Traffic Growth (last 6 months)
What are Oanda's ads on Google?
Google Ads
OANDA.com - Official Site - Start Forex Trading With OANDA
https://offers.oanda.com/trading-us/
Trade with OANDA. 70+ Currencies, Superior Execution, 5 Platforms. Start Trading. Fast Execution & Competitive Spreads. Trade with a Broker That Is a Market Maker. Open & Transparent. Precious Metals. Voted #1 by our clients. Forex & CFD Trading.
OANDA - Award Winning & Trusted Broker
https://www.oanda.com/forex-trading/
Trade Forex with the Best Retail FX Platform of 2016. Register Today with OANDA. Voted #1 by our clients · Exceptional Execution · Precious Metals · Over 90 currency pairs
Download MT4 from OANDA | Award Winning & Trusted Broker
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Trade Forex with MT4 tools & OANDA Low Spreads. Try a Free Demo. Register Now. Award-Winning Trading. fxTrade and MT4. Precious Metals. Exceptional Execution. Open and Transparent. Competitive Spreads. Voted #1 by our clients. Over 90 currency pairs. Fore
OANDA Exchange Rates API - Start a Free 30-Day Trial
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https://offers.oanda.com/trading-us/
Real Currency Market Conditions. Free Demo Accounts Never Expire. Register Now. Deal: $100,000 off Free Demo Account
What do Oanda's customers say about them?
Review Score
1.9/5
Total Reviews
74
Info
OANDA5 Star
5.0%
4 Star
5.0%
3 Star
0.0%
2 Star
0.0%
1 Star
90.0%
Read reviews that mention
Edward Foster
This is terrible.I have long wanted to…
Reviewed on 2021-04-07T08:47:37
This is terrible.I have long wanted to invest in one company to increase their investment and so I decided.But I was so surprised that I was deceived, and I was left without my investments. I have been looking for a way out for a long time, and I found it reimburse mentclub . page . link / help They helped me return all my accumulation I like it!
read more
Danai Theofficial
They are a rip off company they hit my…
Reviewed on 2021-04-07T05:26:39
They are a rip off company they hit my stop loss before it even got to it then the stock went into thedirection of my profit...they took my stop loss so that I don’t make a profit and when it’s time for it to execute my profit it does not take it even if it touches.. I have the photos and wrote customer service they tried to act like they were not getting my messages asking me am I still there when you can clearly see that I am responding to them.. Wish I could upload the photos on here but do not trade with them you will not win
read more
kennr
OandA reviewed after about 15 years
Reviewed on 2021-03-29T05:14:23
I opened my OandA FX account in 2007. I very much liked that you could go long or short with leverage.But I closed it (by defunding it) in 2021. It was not what I had hoped.
Quickly I found out how difficult it was/is to trade FX profitably. There are so many FX instruments and time frames to choose from, confusing. Most trades end in a loss for the investor. Having years of FX experience helped with that, but only some (most trades still lost money).
Part of the reason most trades lose (money) is that the Broker gets so many fees. Entering a FX trade position has a conversion fee, exiting a FX position has a conversion fee, using their FX leverage has a loaned money fee, and withdrawing funds from your account has (debit card) limitations and fees.
In the end the investor takes all the (considerable) risk regarding bad trades (since so many FX trades go against him) and on every trade there are numerous fees and expenses applied. The FX trade system is designed so the Broker makes a lot of money and their customers just loose money. Even winning trades pay (earn) less because of fees and expenses applied. FX leverage is not free (far from), incurs costs like any loan does.
As an alternative, there exits an ETF which has a 1% expense fee (compared to aggregate FX Broker fees which are much higher (maybe average of (say) 80% fee). But these ETFs are not a leveraged product and are based on the DXY index instead of any specific FX instrument. On 1-Day and 1-Year ETF charts it is relatively easy to predict the ETF movements and so they almost always makes some money for its investor. But without the leverage these ETFs make only a little money. Favorably, the 1% ETF expense fee covers both the investment position entry and exit. And how long you keep the ETF FX trade open does not affect expense because there is no leverage, so no leverage charge.
The attraction is these ETFs (UUP, UDN) no longer lost any money on my FX investments and I got to apply my FX knowledge (which by the 2021 account closure) had become considerable.
Again profits with ETF (UUP,UDN) are small because they are not not leveraged products. In fact compared to them there are many other Stocks and ETFs which offer much (far) greater (%) return than the (UUP, UDN) ETFs, but not without greater risks.
By March 2021, I withdrew all my money from my FX account, but I only received 90% of the balance while the Broker kept the last 10%. I am not sure why. Their debit card rules make some withdrawals impossible. The withdrawal rules are enforced by their website and computer, so their is no appeal. Emails and phone calls to the Broker Customer Service did not help.
I view OandA as an opportunist FX Broker. OandA will tell you they publish all their fees and expenses. So I suppose doing that (that transparency, publishing them) makes them feel they are righteous somehow. But the bottom line is their FX trading system (game) seems heavily rigged. (Casino games are also (slightly) rigged toward the House (that is how they make money, while still being legal), but not so heavily as in FX here.) Their account now comes with (12-mos) inactivity fees (monthly charges). (I also thought I saw daily charges against balance whether a FX trade was active there or not, but I am not certain of that item.) When OandA tries to sign you up for an FX account, do not walk away, instead run.
My advice is choose a different Broker with less and fewer fees. Fidelity.com is a good no-fee (ETF) broker that can be recommended. And alternatively trade the ETFs suggested. Trading FX directly may not be for me.
A leveraged (margin) ETF/Stock account would not be my first choice account type. A cash type (unleveraged, un-margined) account might be a better first choice account. The OandA FX account is a leveraged (margined) account. That is how direct FX trading works. But leveraged (margined) accounts are best avoided by the uninitiated because those accounts have additional charges (costs), security and balance requirements for that margin (leverage) privilege. Staying with a Cash (unleveraged, non-margined) trading account is safer.
read more
Trade Smart
Used Oanda for two years but then…
Reviewed on 2021-03-25T22:16:00
Used Oanda for two years but then discovered that they're gouging you on their forex spreads.I don't understand how any official review site can say how great their spreads are unless Oanda pays them. Also Oanda takes the other side of your trade and they're scalping profits from you. Founders are Drs. So and So but are worse then used car salesmen with their PhD's.
Also noticed they actually gamed price moves to take profit from their clients. I had EURCHF showing on MT4 Oanda (though not trading with them) and EURCHF open on MT4 GlobalPrime. I was amazed to see Oanda's chart showing a quick whiplap crash where there was none on Global Prime. I made money with Global Prime on what was an obvious break out but Oanda's traders had their profits stipped away by Oanda
Moved to forex brokers in Australia. Global Prime and IC Trader are heads above Oanda...absolutely no comparison and they don't play games against their clients and don't take the other side of their trades.
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Kaplan Cabe
Oanda is a Vampire
Reviewed on 2021-03-23T21:38:22
Oanda is a Vampire. They have many ways to sucks money out from you. When Crude Oil priced at $4 in 2020.They hike the swap rate to an unbelievable number. With now the ASIC law, sending notification email 3 days(excluding weekends) before it's effective date. Reducing the leverage from 100:1 to 10:1. Indirectly bursting out all account. Oanda is just purely a scam.
read more
A. Campbell
Abandon all hope
Reviewed on 2021-03-23T02:17:32
Abandon all hope, ye who enter here
I warn you, dear reader, that you will lose time, nerves and every last cent.If you haven't taken the bait yet, just stop. If you made a deposit, then look for a good avocat. These ones refunder.page(dot)link/complain1 - specialized service. Your appeal is very important! The more requests - the more chances! The Internet is a dangerous place!
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Tan Ying Xiang
Ok but...
Reviewed on 2021-03-17T13:40:07
I rated 1-star for their unhelpful and slow response. Back to 4-star because of the helpful service by their sales person.Frontdesk staffs mostly clueless on the technical issues.
read more
WoolyG
These used to be a decent broker, Now Avoid like the Plague
Reviewed on 2021-03-10T22:26:21
These used to be a decent broker, but now Oanda is an awful broker!!!.
They will find any excuse underthe sun not to wire you funds out.
AVOID!!
read more
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