OANDA Asia Pacific

OANDA Asia Pacific

 
6.4 (3)
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OANDA Asia Pacific

Entity

Year Est'd

Address

Address
50 Collyer Quay
Address 2
#04-03 OUE Bayfront
Postal / ZIP
49321
Phone
-9970
Website
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Rated Singapore's best forex broker in client satisfaction for the third year running.

"Highest Overall Client Satisfaction", 2012, 2011 & 2010, Investment Trends 

"Best Forex Broker", 2012, ForexMagnates

"Best Global Forex Broker", 2012 & 2011, IB Times

"Best Trading Platform Features", 2011, Investment Trends

"Best Value For Money", 2012, 2010, Investment Trends

"High Broker Satisfaction", 2010, FX Trader

"Best Trading Platform", 2009, World Finance Forex Awards

"The One To Watch", 2009, Treasury Today

 

OANDA has transformed the business of foreign exchange through an innovative approach to forex trading. The company’s award-winning online trading platform, fxTrade, introduced a number of firsts to the marketplace, including immediate execution; instant settlement on trades; trades of any size between one unit and 10 million units; and interest calculated by the second. OANDA’s powerful, flexible fxTrade platform is also accessible via mobile applications for iPad, iPhone, and Android devices.

 

In 2012, OANDA was named “Best Forex Provider” by the Financial Times and by Investors Chronicle; “Best FX Broker” by Forex Magnates; and was recognized by Investment Trends Singapore as providing “Best Value for Money” and “Highest Overall Client Satisfaction”. OANDA was the first online provider of comprehensive currency exchange information. Today, the company’s OANDA Rate® data are the benchmark rates for corporations, auditing firms, and global banks.

 

OANDA has six offices worldwide, in Chicago, London, Singapore, Tokyo, Toronto, and Zurich. OANDA Asia Pacific Pte Ltd is a wholly-owned subsidiary of OANDA Corporation, and holder of Capital Markets Services Licence #CMS100122-4.

OANDA Asia Pacific

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User reviews

3 reviews

Overall rating 
 
6.4
Funding 
 
5.3  (3)
Trading Platform 
 
7.0  (3)
Customer Service 
 
7.0  (3)
Ratings (the higher the better)
Funding
Deposit Methods and Ease of Withdrawal
Trading Platform
Ease of Use and Features
Customer Service
Live Chat, Email and Phone Support Timeliness
Comments
Overall rating 
 
3.3
Funding 
 
1.0
Trading Platform 
 
5.0
Customer Service 
 
4.0

I have been trading with Oanda for 5 years now. I recommended about 6 friends and relatives to trade with it, now I regret that I did. Not only over time are its quoted currency spreads widening, its trading hours are also shortening. Its rule on funds withdrawal is the most strange and rigid. Customer funds must be withdrawn by the same method as a customer deposited ie whether by cheque, bank transfer, credit card, etc. When a customer uses various methods of deposit, he must also use exactly the same methods to make withdrawal of the same proportional amounts. Otherwise withdrawal will be denied. This creates unnecessary confusion and frustration for the customer.I don't know of any other broking house in the world that does that. Customer's equity balance changes over time (years) with profit/loss, interest and so do customer's bank accounts and credit cards. I believe this rule is deliberately developed and strictly enforced to delay and inconvenient clients in their withdrawals so as to help in the company's liquidity position.

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Overall rating 
 
8.6
Funding 
 
8.0
Trading Platform 
 
8.0
Customer Service 
 
10.0
Was this review helpful to you? 
Overall rating 
 
7.4
Funding 
 
7.0
Trading Platform 
 
8.0
Customer Service 
 
7.0
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