OANDA

OANDA

by OANDA

Who Uses OANDA?

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

What Is 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 Details

OANDA

http://www.oanda.com

Founded 1996

OANDA Pricing Overview

OANDA has a free version and offers free trial. See additional pricing details for OANDA below.

Free Version

Yes

Free Trial

Yes

Deployment

Cloud, SaaS, Web

Training

Live Online

Documentation

Support

24/7 (Live Rep)

Business Hours

OANDA Features

Currency Exchange Software
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 Reviews

Showing 5 of 17 reviews

Overall
4.8/5
Ease of Use
4.5/5
Customer Service
4.2/5
Features
4.1/5
Value for Money
4.5/5
Verified Reviewer
Business Analyst
Insurance, 501-1,000 Employees
Used the Software for: 2+ years
  • Overall Rating
    5/5
  • Ease of Use
    5/5
  • Features & Functionality
    4/5
  • Customer Support
    Unrated
  • Value for Money
    5/5
  • Likelihood to Recommend
    9/10
  • Reviewer Source 
  • Reviewed on 04/05/2019

"Experience using OANDA"

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.

  • Reviewer Source 
  • Reviewed on 04/05/2019
Dobromir H.
Online Sales Agent
Accounting, 501-1,000 Employees
Used the Software for: 6-12 months
  • Overall Rating
    5/5
  • Ease of Use
    5/5
  • Features & Functionality
    4/5
  • Customer Support
    5/5
  • Value for Money
    5/5
  • Likelihood to Recommend
    9/10
  • Reviewer Source 
  • Reviewed on 27/05/2018

"Great tool"

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.

  • Reviewer Source 
  • Reviewed on 27/05/2018
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
  • Overall Rating
    5/5
  • Ease of Use
    5/5
  • Features & Functionality
    5/5
  • Customer Support
    Unrated
  • Value for Money
    5/5
  • Likelihood to Recommend
    10/10
  • Reviewer Source 
  • Reviewed on 03/02/2019

"The Currency converter function will save your transactions "

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.

  • Reviewer Source 
  • Reviewed on 03/02/2019
Gina B.
HSE advisor
Education Management, 5,001-10,000 Employees
Used the Software for: 2+ years
  • Overall Rating
    5/5
  • Ease of Use
    5/5
  • Features & Functionality
    5/5
  • Customer Support
    Unrated
  • Value for Money
    Unrated
  • Likelihood to Recommend
    10/10
  • Reviewer Source 
  • Reviewed on 26/11/2019

"My go to currency converter."

Pros: I've been using Oanda for currency conversion for many years of overseas travelling.
It's very user-friendly and I especially like the wallet-sized FX cheat sheet that you can print out and keep in your purse, this had proved invaluable on many occasions.

Cons: Nothing really. It does what I require it to do and it does it well.

  • Reviewer Source 
  • Reviewed on 26/11/2019
Dan W.
self employed
Used the Software for: 6-12 months
  • Overall Rating
    5/5
  • Ease of Use
    4/5
  • Features & Functionality
    2/5
  • Customer Support
    3/5
  • Value for Money
    5/5
  • Likelihood to Recommend
    5/10
  • Reviewer Source 
  • Reviewed on 04/04/2018

"A good trading platform that lacks some of the needed currency pairs"

Comments: Ease of Demo trading the Spot forex for beginners

Pros: allows ease of market analysis. Chart set up is effortless. Placing and managing trades flows smoothly

Cons: The lack of all exotic currency pairs makes thorough market analysis difficult. Customer support is slow or non existent. Spread and margin requirements are not nearly as good as others

  • Reviewer Source 
  • Reviewed on 04/04/2018