Is Oanda good for online trading? Is it safe? And, above all, are there any better brokers than Oanda? Let’s analyze this platform together.

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Hello readers, and welcome to BestNewsOnline.net!

If you don’t already know me, I’m Alex Wright. I’ve been a trader for 10 years and I’m the owner of this website where I write about the different trading platforms. Do you want to invest in stocks? I’ll help you find the best investment strategy!

In this guide we will analyze the platform called Oanda, with all its pros and cons. I will tell you everything there is to know about this broker, even what others don’t want to reveal, because you need to understand better what you’re investing your money in.

 

I want to reassure you immediately: Oanda is certainly not a scam. It is a broker regulated by the CySEC (Cyprus Securities and Exchange Commission), the financial regulatory agency responsible for overseeing and regulating financial markets, investment firms, brokerage firms, and other financial institutions within the country, and also for granting licenses to brokers to operate in the European Union.

I opened a trading account on Oanda (using real money) to do this review. Do you want to know what I found out? I invite you to read this guide because you will find out why opening a trading account on Oanda may not be the best choice you could make.

 

CLICK HERE – SIGN UP AND DOWNLOAD FOR FREE THE BEST TRADING GUIDE NOW

 

Oanda: reviews and opinions

The platform Oanda has been working in this field for several years now. You will find hundreds of reviews and opinions about Oanda on popular forums and portals. The earliest reviews date back to 2012, but there are many that span from 2013 to 2016, which was Oanda’s peak period of fame. A lot of them are meaningless, while others are particularly negative or positive.

 

Always remember that online reviews can be easily manipulated. For this reason, you should trust only reviews from experts and people who have a full understanding of what they are talking about.

 

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You will get:

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• a TRADING MANUAL written by trusted and expert trading analysts;
• SPECIAL Spread and Commissions conditions;
• a dedicated ACCOUNT MANAGER.

Is Oanda reliable?

I have used this platform extensively to form and express an opinion, and I think that Oanda is definitely a good broker. However, I do not believe it is the best choice for beginners.

Anyone starting with trading needs a guide, a mentor who explains how to avoid the most common mistakes. This is precisely the problem with Oanda: there are no managers to contact to avoid stupid mistakes that cause you to lose your entire capital immediately.

What are these mistakes?

My website has thousands of visitors every month, so I often have the opportunity to talk to many users, including novice investors, trading experts, or those who need guidance to get started, so they can learn how to maximize their earnings and reduce their risk of loss.

On the online trading scam page that you can find by clicking here, you can read thousands of comments from my users whom I literally saved from ending up in the hands of wrong brokers and scammers.

The advantage of being able to talk with so many people is that it has given me the opportunity to understand what the three most common mistakes in the trading industry are, especially among novices. Let’s take a look at them together.

1 – Not knowing what you’re doing

Starting to invest money without knowing how to do it properly is a common mistake. Statistics show that over 80% of people who lose their capital in trading make this mistake, resulting in them losing their entire invested capital.

2 – Relying too much on positive reviews

Relying solely on site reviews that advertise brokers, without mentioning any negative aspects and exclusively praising them, is a mistake. As you may already know, online fake news is rampant, and many portals sponsor brokers solely for personal gain. This results in users falling victim to trading scams or not receiving all the necessary information to make an informed decision.

A broker that is well-suited for an experienced trader may not be the best option for a user who is new to the trading world. That’s why, before recommending a platform, I observe and analyze it thoroughly, evaluating it from different perspectives.

Among the many questions I ask myself to evaluate it, I always consider whether broker X is more suitable for an expert or a beginner. It can be a tiring job, but the appreciation messages I receive via email and the comments on the site make it all worthwhile and bring great gratification.

3 – Not getting training material and free webinars

To invest in the stock market you need to study, study, and study again! You can acquire certain skills to maximize profits and reduce the risk of capital loss by studying concepts that only seem difficult, but are actually very easy to understand.

Many brokers, including Oanda, do not provide their subscribers with high-quality training material. This translates leads to a very difficult (if not impossible) approach to the platform and trading concepts.

So, what is the solution?

What I always suggest to those who want to start in this sector is to begin trading by registering with a broker that offers well-explained and, above all, free training materials. These materials should explain clearly and in simple terms what it means to trade, how to obtain profits, and how to reduce risks.

As in all activities, it is essential to have a guide, a helping hand, a manual that can help you get started correctly (CLICK HERE). This is especially true in trading, where mistakes can lead to financial losses. Therefore, it’s crucial to reduce errors at the beginning to avoid such losses.

I always want to share my point of view with you, so that you can become more aware before signing up with a broker and investing your money. The testimonials that can be found on the online trading page make me very proud, because I can confidently say that I have helped many people avoid falling for scams run by unregulated brokers. Moreover, I have always aimed to make them understand that selecting the right broker is a crucial prerequisite to engage in trading.

At this point, you may have realized that I cannot recommend a broker like Oanda to a beginner, as it does not provide the necessary training material and step-by-step assistance that a platform should offer to someone new to trading. Luckily, there is an excellent broker that is particularly suitable for beginners. Let’s find out what this broker is.

Oanda: what is the best alternative?

The platform that I would recommend to those who want to start trading in the best possible way is Exness (click here to access the site)! Let’s understand together why it represents the real alternative for those who are just starting to dive into the world of trading!

 

First of all, Exness is as safe and reliable as Oanda. Both are regulated to trade in Europe and worldwide, and obviously regulated in Indonesia (by Otoritas Jasa Keuangan), Thailand (by Thai SEC), Vietnam (by SSC), Pakistan (by Securities and Exchange Commission of Pakistan), and Bangladesh (by Bangladesh Bank). As you can see, they are not at the same level in terms of regulation and it is also true that Exness offers everything a beginner needs to avoid making mistakes due to a lack of experience, unlike Oanda.

 

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Exness: why is it better than Oanda

But what makes Exness better than Oanda? What does it offer you?

The main and vital thing that Exness offers is the possibility to get a free trading manual, which you can download immediately. To obtain it you don’t have to deposit any money: just CLICK HERE, enter your information to subscribe, and you can get the guide immediately. I have personally read the Exness manual and I can assure you that, compared to all others in the industry, it is really well done. There is a lot of clear information explained in a very understandable language, even for a beginner.

 

This guide will explain everything about online trading and how to make the best use of the Exness platform. I am sure that as soon as you sign up and download it, you will return to my site and leave a comment of gratitude! 🙂

 

Those who invest in the stock exchange know how important it is to be able to get trading signals. Well, unlike Oanda, Exness offers completely free access to its trading signal service. You can ask your account manager, a very important figure that Oanda does not offer like Exness does, to contact you by phone right away to explain step by step how the platform works and how to start investing, and how to obtain an absolutely free trial of trading signals (CLICK HERE TO START).

 

Exness‘s trading signals provide information to the user about market movements of an asset. In practice, these signals are provided by experienced Exness traders, who indicate when it is more appropriate to invest in one asset rather than another. The process of issuing trading signals involves a complex study, which requires advanced technical analysis. Exness provides all of this for free! Beginners typically rely on these signals to start making profits right away, and you can take advantage of them by clicking here!

Exness vs Oanda: a brief summary

1) Free training material

Exness offers training material that is explained very clearly, completely free of charge and without any required deposit (unlike Oanda).

2) Dedicated account manager

Exness also provides a dedicated account manager who will guide you step-by-step (which Oanda does not offer).

3) Free trading signals

With Exness you will also get trading signals from experienced traders, which Oanda does not provide.

 

What Exness offers gives you the opportunity to start investing in online trading with a considerable advantage. You will get a guide, a free trading manual and normally a guide of the same level that would cost at least 300 USD if purchased online. Rather than spending this money unnecessarily, after downloading the guide for free you could invest these 300 USD if interested.

I hope my guide has been useful in clarifying why Exness is a better option than Oanda to start trading. Please leave a comment below if you need further clarification or help, I will be at your service! Now, take the first step and click on this link (www.exness.com/trading-manual) and read everything to understand how to trade profitably!