Who Uses This Software?

Trading: FX traders Solutions for Business: Accounting, Finance, Treasury professionals and Developers use Exchange Rates API, Historical Currency Converter and OANDA Treasury.

Average Ratings

15 reviews
  • Overall 5 / 5
  • Ease of Use 4.5 / 5
  • Customer Service 4 / 5
  • Features 4 / 5
  • Value for Money 4.5 / 5

Product Details

  • Free Version Yes
  • Free Trial Yes
  • Deployment Cloud, SaaS, Web
  • Training Live Online
    Documentation
  • Support 24/7 (Live Rep)
    Business Hours

Vendor Details

  • OANDA
  • http://www.oanda.com
  • Founded 1996

About OANDA

Trading platform for currency exchange that comes with mobile interface and uses MT4 automated trading. Trades 90+ currency pairs.
OANDA's Solutions for Business division offers analytics and the most comprehensive set of currency exchange rates available to finance and treasury professionals. Thousands of firms rely on OANDAs Exchange Rates API to connect reliable, accurate FX market data to their websites, applications and enterprise platforms. https://www.oanda.com/fx-for-business/

OANDA Features

  • Analytical Reporting
  • Client Management
  • Custom Account Statements
  • Data Backup Scheduling
  • For Money Exchanges
  • Margin Management
  • Market Data Access
  • Position Management
  • Real Time Currency Quotes
  • Real Time Tracking
  • Transaction Management

OANDA Most Helpful Reviews

Great tool

Reviewed on 27/05/2018
Dobromir H.
Online Sales Agent
Accounting, 501-1,000 Employees
Used the Software for: 6-12 months
Reviewer Source 
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

Pros: I use OANDA for their currency converter. It's accurate tool that provides great details for the relevant exchange rates. It supports ton of different currencies and has very simple design .
I love that their currency converter is also available for mobile devices via app and most importantly it's FREE.
The "Historical Exchange Rates" has awesome design and it's very useful when certain currency exchange rate need to be tracked. Everything is provided in great details which .You can also get Live Exchange Rates without premium account.
OANDA support demos for the paid services , which in my opinion is very helpful when deciding if you want to go with them .

Cons: I found no Cons. It will be great if they make their currency converter as desktop application , however I am happy to use it online as well.

Experience using OANDA

Reviewed on 04/05/2019
Verified Reviewer
Business Analyst
Insurance, 501-1,000 Employees
Used the Software for: 2+ years
Reviewer Source 
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
Customer Support
5 / 5
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

Pros: I like that it has a feature that displays the moving-averages history of any currency selected, also it has a newsfeed that is updated realtime (I think that's cool) and the accuracy of currency conversion is impressive.

Cons: There is no option for Bitcoins (and other cryptocurrencies), it will be nice if OANDA can provide this.

The Currency converter function will save your transactions

Reviewed on 03/02/2019
Verified Reviewer
INTERNATIONALISATION & CROSS CULTURE EXPERT | to enter a new market you need to know its lingo
Think Tanks, Self Employed
Used the Software for: 2+ years
Reviewer Source 
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
Customer Support
5 / 5
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

Comments: I use mostly the Currency Converter function: wherever I am in the world. I can check in real time if the change that is proposed to me is convenient and bargain with the clerk that I have in front of me. A tool to save time and money.

Pros: Very simple to use: both the Desktop and App version.

Cons: Sincerely I am so happy about this SW, that I would only higly recommend it.

A good way to get a second opinion on rates.

Reviewed on 19/01/2019
Emel A.
Payment Options Specialist
Financial Services, 501-1,000 Employees
Used the Software for: 2+ years
Reviewer Source 
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
Customer Support
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

Pros: We use Oanda to verify exchange rates before transactions and I am very happy with my usage of it .The calculator has a rich database and the design of the page is pleasant

Cons: I have noticed that they are a little bit slower when it comes to tracking USD fluctuation and updating changes .

Zero entry cost

Reviewed on 15/04/2019
Dima E.
Online Tax Team
Financial Services, 501-1,000 Employees
Used the Software for: 2+ years
Reviewer Source 
5/5
Overall
2 / 5
Ease of Use
3 / 5
Features & Functionality
Customer Support
5 / 5
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

Pros: I like that the converter is free and how easily available it is .You literally just have to visit their site .

Cons: A bit slower to update exchange rate changes for more exotic currencies ( primarily talking about JPY )

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